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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 797]
Air NZ codeshare with Air India beats Delhi bottleneck
Tuesday, 9 June 2015, 2:27 pm | BusinessDesk
Air New Zealand will increase its ability to land passengers from New Zealand in the Indian capital, New Delhi, following the announcement of a new codesharing agreement between the national carrier and Air India. More >>
Craigs 2014 profit falls 14% as costs rise
Tuesday, 9 June 2015, 2:18 pm | BusinessDesk
June 9 (BusinessDesk) - Craigs Investment Partners, the brokerage planning to export its business model to Australia, posted a 14 percent decline in full-year profit as rising costs for wages, IT and rentals offset higher revenue from its private ... More >>
Adams targets UFB land access in proposed law change
Tuesday, 9 June 2015, 1:03 pm | BusinessDesk
June 9 (BusinessDesk) - Communications Minister Amy Adams wants to reduce consenting delays affecting an estimated 15 percent of households in the government-sponsored ultrafast broadband roll-out, proposing law changes that would make it easier for ... More >>
Danone Nutricia posts $1.19 million full-year loss
Tuesday, 9 June 2015, 12:37 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 the Fonterra Cooperative Group's botulism scare in 2013. More >>
Creditors of Yellow's owner to vote on winding up company
Tuesday, 9 June 2015, 12:21 pm | BusinessDesk
Creditors of Yellow's owner to vote June 15 on winding up company, putting assets in new vehicle More >>
NZ house values rise at fastest pace in 15 months
Tuesday, 9 June 2015, 12:08 pm | BusinessDesk
NZ house values rise at fastest pace in 15 months, while Auckland prices jump most in 11 years: QV More >>
Carter Holt puts listing on hold, citing uncertain outlook
Tuesday, 9 June 2015, 11:36 am | BusinessDesk
June 9 (BusinessDesk) - Carter Holt Harvey Group put on hold its plan to sell shares in an initial public offering and list the shares on the New Zealand and Australian stock exchanges, citing an uncertain earnings outlook. More >>
NZ manufacturing activity shrinks in March quarter
Tuesday, 9 June 2015, 11:34 am | BusinessDesk
June 9 (BusinessDesk) - New Zealand manufacturing activity shrank in the first three months of the year as meat and dairy volumes declined in a period when global milk prices remained under pressure and parts of the country were stricken with drought. More >>
TruScreen seeks $1 million from shareholders
Tuesday, 9 June 2015, 11:13 am | BusinessDesk
June 9 (BusinessDesk) - NZAX-listed TruScreen is looking to raise up to $1 million from investors in a share purchase plan after the cervical cancer screening system's private placement came up short on its upper target of $4 million.. More >>
Wynyard seeks $45 million in placement, share purchase plan
Tuesday, 9 June 2015, 10:31 am | BusinessDesk
June 9 (BusinessDesk) - Wynyard Group, the security software firm, wants to raise $45 million in a discounted share offer to fund more staff and product development as it chases global growth. More >>
NZ primary sector exports to fall 8% in 2015
Tuesday, 9 June 2015, 10:25 am | BusinessDesk
NZ primary sector exports to fall 8% in 2015; four-year outlook shows strong recovery More >>
NZ govt accounts in 10-month surplus on PIE inflows
Tuesday, 9 June 2015, 10:23 am | BusinessDesk
NZ Crown accounts unexpectedly in surplus in 10 months to April as PIE tax fills coffers More >>
Pushpay in talks to expand deal with Church Community Builde
Tuesday, 9 June 2015, 9:55 am | BusinessDesk
June 9 (BusinessDesk) - Pushpay Holdings, the mobile payments app developer, is in talks to expand its contract with US software developer, Church Community Builder, as it graduates to the main board on the NZX. More >>
NZ dollar gains on reports Obama concerned over USD strength
Tuesday, 9 June 2015, 8:58 am | BusinessDesk
June 9 (BusinessDesk) - The New Zealand dollar advanced as the greenback weakened following reports US president Barack Obama raised concerns about the strength of the US dollar during the Group of Seven summit in Germany. The White House later ... More >>
Origin Energy says it remains committed to Contact
Tuesday, 9 June 2015, 8:33 am | BusinessDesk
June 9 (BusinessDesk) - Contact Energy's majority shareholder, Origin Energy, says its investment in the local power company "continues to form a key part of our Australasian energy markets business" amid speculation among New Zealand investors ... More >>
While You Were Sleeping: Wall St falls
Tuesday, 9 June 2015, 8:30 am | BusinessDesk
While You Were Sleeping: Wall St falls on prospects of rate hike, Greek debt talks More >>
MARKET CLOSE: NZ shares gain, bolstered by property stocks
Monday, 8 June 2015, 5:47 pm | BusinessDesk
June 8 (BusinessDesk) - New Zealand shares rose as investors shrugged off the prospect of higher global interest rates, and bought property stocks, including Argosy Property and Property For Industry, and blue-chip companies such as Auckland International ... More >>
NZ dollar falls, may dip below 70 US cts, on greenback bulls
Monday, 8 June 2015, 5:27 pm | BusinessDesk
NZ dollar falls, may sink below 70 US cts, on greenback bulls, weak NZ rates outlook More >>
FMA, liquidators cut deal with Dominion Finance directors
Monday, 8 June 2015, 4:34 pm | BusinessDesk
June 8 (BusinessDesk) - The Financial Markets Authority and the liquidators and receivers of failed finance company, Dominion Finance, have reached a $10.235 million settlement in relation to civil claims against the directors of the group and its subsidiary ... More >>
Fast Enterprises beats SAP, Oracle to win IRD's IT contract
Monday, 8 June 2015, 4:30 pm | BusinessDesk
Fast Enterprises beats SAP, Oracle for contract to replace NZ tax department's IT system More >>
