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BusinessDesk
Independent, Trustworthy New Zealand Business News
The Wellington-based BusinessDesk team provides a daily news feed for a serious business audience.
BusinessDesk - Latest News [Page 796]
Vodafone NZ acquires WorldxChange IP telco business
Wednesday, 10 June 2015, 3:57 pm | BusinessDesk
June 10 (BusinessDesk) - Vodafone New Zealand, the nation's biggest mobile company, has acquired WorldxChange, adding an internet-based telecommunications business with customers including the Reserve Bank, the Earthquake Commission and IAG Insurance. More >>
Unlisted rejects 'Russian roulette' jibe from NZSA
Wednesday, 10 June 2015, 3:45 pm | BusinessDesk
June 10 (BusinessDesk) - Unlisted, the New Zealand share trading platform, rejects criticism from the New Zealand Shareholders' Association that investing on its platform is akin to playing 'Russian roulette'. More >>
Spierings says he'll fight to keep Fonterra's NZ milk share
Wednesday, 10 June 2015, 1:14 pm | BusinessDesk
Spierings says he'll fight to keep Fonterra's 87% share of NZ milk in face of increased rivalry More >>
Rangatira lifts annual underlying earnings 15%
Wednesday, 10 June 2015, 12:37 pm | BusinessDesk
June 10 (BusinessDesk) - Rangatira lifted annual underlying earnings 15 percent, helped by an improved second half, and the Wellington-based investment group said it is on the prowl for new acquisitions. More >>
ProTen chicken farmer raises A$34M to expand in Australia
Wednesday, 10 June 2015, 12:26 pm | BusinessDesk
June 10 (BusinessDesk) - ProTen, an Australian chicken farming business whose shares trade on New Zealand's Unlisted market, raised A$34 million to fund future growth and repay financing. More >>
Small GDP impact in big greenhouse gas cuts: Infometrics
Wednesday, 10 June 2015, 12:21 pm | BusinessDesk
June 10 (BusinessDesk) - Major cuts to greenhouse gas emissions would have hardly any impact on New Zealand's economic growth rate, says private economic consultancy Infometrics in analysis for the Ministry for the Environment. More >>
NZ govt pushes for trans-Tasman imputation credits
Wednesday, 10 June 2015, 11:58 am | BusinessDesk
June 10 (BusinessDesk) - The New Zealand government is still pushing for a shared trans-Tasman tax scheme recognising imputation credits on dividends, which it says is the single biggest step to a closer economic relationship, but is willing to give ... More >>
Saville's Utilico continues Infratil selldown
Wednesday, 10 June 2015, 11:41 am | BusinessDesk
June 10 (BusinessDesk) - UK investment house Utilico Investments has continued to reduce its stake in Infratil, raising $7.9 million in an on-market selldown this month. More >>
NZ retail spending on credit, debit cards rises in May
Wednesday, 10 June 2015, 11:35 am | BusinessDesk
June 10 (BusinessDesk) - New Zealanders spent more on their electronic cards in May, as increased retailing of consumable and durable products offset a flat month in hospitality and a decline in apparel. More >>
Higher NZ milk output, 2015 payout to boost economy: AgriHQ
Wednesday, 10 June 2015, 11:22 am | BusinessDesk
Higher NZ milk production, increased payout to boost NZ economy by $1.8B, AgriHQ says More >>
RESEND: Fonterra expects hundreds of layoffs in review
Wednesday, 10 June 2015, 10:52 am | BusinessDesk
June 10 (BusinessDesk) - Fonterra Cooperative Group, the world’s largest dairy exporter, said it will be laying off hundreds of its 1,500 head office and support function staff in a major reshape of the business following the global decline in ... More >>
Fonterra expects hundreds of layoffs as part of review
Wednesday, 10 June 2015, 10:44 am | BusinessDesk
June 10 (BusinessDesk) - Fonterra Cooperative Group, the world’s largest dairy exporter, said it will be laying hundreds of its 1,500 head office and support function staff in a major reshape of the business following the global decline in dairy prices. More >>
Orion flags further US contract delays; stock drops 5%
Wednesday, 10 June 2015, 10:15 am | BusinessDesk
June 10 (BusinessDesk) - Orion Health, the healthcare system software developer which listed on the NZX last November, says an expected US-based contract has been delayed. Its shares sank to a record low. More >>
Diane Foreman's Emerald Foods sold to Hong Kong-based group
Wednesday, 10 June 2015, 9:41 am | BusinessDesk
June 9 (BusinessDesk) - NBR Rich Lister Diane Foreman's Emerald Group has sold its ice-cream manufacturing subsidiary to a foreign collective for an undisclosed sum. More >>
NZ dollar edges up as traders place bets ahead of RBNZ
Wednesday, 10 June 2015, 8:54 am | BusinessDesk
NZ dollar edges up as traders place bets ahead of Reserve Bank interest rate decision tomorrow More >>
While You Were Sleeping: Wall St pares gains
Wednesday, 10 June 2015, 8:27 am | BusinessDesk
While You Were Sleeping: Wall St pares gains as White House press room evacuated; oil climbs More >>
Uncertainty over NZ dairy industry weighs on primary sector
Wednesday, 10 June 2015, 6:40 am | BusinessDesk
June 9 (BusinessDesk) - The uncertain future of the dairy industry, seen as a bellwether for New Zealand's primary sector and wider economy, is concerning many sector leaders, according to KPMG’s sixth Agribusiness Agenda survey. More >>
MARKET CLOSE: NZ shares fall, led by MRP, Contact
Tuesday, 9 June 2015, 5:38 pm | BusinessDesk
June 9 (BusinessDesk) - New Zealand shares fell, led by MightyRiverPower, Contact Energy and Spark New Zealand, as investors pondered the prospects of the Reserve Bank keeping interest rates unchanged this week, rather than cutting rates. More >>
NZ dollar pares gains as RBNZ awaited
Tuesday, 9 June 2015, 5:15 pm | BusinessDesk
June 9 (BusinessDesk) - The New Zealand dollar pared its gains after the White House denied reports that US President Barack Obama had expressed concern about the strength of the greenback, and as investors mull the potential for the Reserve Bank to cut ... More >>
CORRECT: Danone Nutricia posts full-year loss
Tuesday, 9 June 2015, 2:35 pm | BusinessDesk
June 9 (BusinessDesk) - Danone Nutricia, the French-owned infant formula maker, has reported a full-year loss it attributes to ongoing fallout from Fonterra Cooperative Group's botulism scare in 2013. More >>
