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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 799]
Eastern Bay Energy Trust to make formal takeover for Horizon
Friday, 5 June 2015, 9:59 am | BusinessDesk
June 5 (BusinessDesk) - Horizon Energy Distribution's biggest shareholder Eastern Bay Energy Trust will make a formal takeover bid at 6.3 percent premium, having sewn up a deal with the Bay of Plenty lines company's second-biggest shareholder that ... More >>
DNZ buys Newmarket office building for $17 million
Friday, 5 June 2015, 8:52 am | BusinessDesk
June 5 (BusinessDesk) - DNZ Property Fund, which is almost halfway through a planned series of asset sales, has bought Heartland House in Newmarket, Auckland, for $17 million, in an area it describes as one of its preferred locations. More >>
NZ dollar edges lower as markets await key US jobs report
Friday, 5 June 2015, 8:39 am | BusinessDesk
June 5 (BusinessDesk) - The New Zealand dollar edged lower overnight as traders await the key US non-farm payrolls employment report in anticipation a strong number could cement a September rate hike by the Federal Reserve. More >>
MARKET CLOSE: NZ shares rise as F&P advances; Kirk's soars
Thursday, 4 June 2015, 5:50 pm | BusinessDesk
MARKET CLOSE: NZ shares rise as F&P advances; Kirk's soars on DJ's deal More >>
NZ dollar gains vs. Australian dollar after weak data
Thursday, 4 June 2015, 5:11 pm | BusinessDesk
June 4 (BusinessDesk) - The New Zealand dollar gained against its trans-Tasman counterpart after weaker-than-expected Australian retail and trade data sucked out some of the optimism from yesterday's first-quarter growth that beat forecasts. More >>
Analysis company IES turns a profit in private hands
Thursday, 4 June 2015, 5:10 pm | BusinessDesk
June 4 (BusinessDesk) - International Earth Sciences, which specialises in geothermal and micro-seismic analysis, has turned a profit just six months after being taken into private ownership from the University of Auckland. More >>
Kirkcaldie shares soar on DJ takeover, capital return
Thursday, 4 June 2015, 4:33 pm | BusinessDesk
June 4 (BusinessDesk) - Kirkcaldie and Stains, the unprofitable department store owner, will disappear after 152 years of operation, with Australia's David Jones using the site for its first New Zealand store and leaving the board free to return ... More >>
UPDATE: Shipley departure not about Mainzeal, says FSC
Thursday, 4 June 2015, 3:52 pm | BusinessDesk
June 4 (BusinessDesk) - The Financial Services Council of New Zealand, which represents the nation's investment and life insurance companies, has replaced chair Jenny Shipley, but says the change isn't related to a lawsuit from liquidators of collapsed property ... More >>
Martin Aircraft founder Glenn Martin quits board
Thursday, 4 June 2015, 3:14 pm | BusinessDesk
June 4 (BusinessDesk) - Martin Aircraft shares fell after founder Glenn Martin unexpectedly quit the board, reportedly because the backyard jetpack inventor wasn't enjoying the company's corporate culture and pursuit of professional customers. More >>
Te Ohu Kaimoana to be restructured as iwi take control
Thursday, 4 June 2015, 3:08 pm | BusinessDesk
June 4 (BusinessDesk) - Iwi have voted to keep Te Ohu Kaimoana, the Maori Fisheries Commission, while taking full control of Aotearoa Fisheries voting and income shares in a move which will see oversight of its $543 million in fishery assets restructured. More >>
NZ Financial Services Council replaces chair Jenny Shipley
Thursday, 4 June 2015, 11:47 am | BusinessDesk
June 4 (BusinessDesk) - The Financial Services Council of New Zealand, which represents the nation's investment and life insurance companies, has replaced chair Jenny Shipley, who is facing legal action from the liquidators of collapsed property group Mainzeal. More >>
NZ building work picks up in March quarter
Thursday, 4 June 2015, 11:25 am | BusinessDesk
June 4 (BusinessDesk) - New Zealand construction activity expanded in the first three months of the year, as the country's house-building effort grew for a second quarter, making up for declining activity in the commercial space. More >>
Seven startups gain repayable govt grants totalling $3.15M
Thursday, 4 June 2015, 11:10 am | BusinessDesk
June 4 (BusinessDesk) - Seven repayable government grants have been awarded to startups through the new technology business incubators, seven months on from the scheme’s launch. More >>
Auckland house sales, prices continue to rise in May
Thursday, 4 June 2015, 10:32 am | BusinessDesk
June 4 (BusinessDesk) - Auckland house sales and prices continued to rise in May as the property market in the country's biggest city soaked up an increased number of new listings, according to real estate agency Barfoot & Thompson. More >>
Restaurant Brands 1Q sales jump 15% on KFC, Carl's Jr
Thursday, 4 June 2015, 10:05 am | BusinessDesk
June 4 (BusinessDesk) - Restaurant Brands, New Zealand's largest fast-food store operator, increased first-quarter sales 15 percent as revenue jumped at fried chicken outlet KFC, its largest unit, and it added more stores to burger chain Carl's Jr. More >>
NZX trading activity increases in May, while value falls
Thursday, 4 June 2015, 9:23 am | BusinessDesk
June 4 (BusinessDesk) - Trading activity on New Zealand's share market increased last month, driven by smaller value trades. More >>
Xero halfway to million customer target
Thursday, 4 June 2015, 9:09 am | BusinessDesk
June 4 (BusinessDesk) - Xero, the cloud-based accounting software developer, is halfway to its target of a million customers, adding 25,000 new subscribers since its March 31 balance date. More >>
NZ dollar drops vs. euro after ECB lifts inflation outlook
Thursday, 4 June 2015, 8:39 am | BusinessDesk
NZ dollar drops to 4-month low vs. euro after ECB lifts inflation forecast, Greek optimism More >>
While you were sleeping: Optimism on Greek deal
Thursday, 4 June 2015, 7:34 am | BusinessDesk
June 4 (BusinessDesk) - Wall Street moved higher amid optimism Greece will reach a deal with international creditors soon, while the latest US economic data kept alive expectations the Federal Reserve won’t raise interest until at the earliest ... More >>
MARKET CLOSE: NZ shares fall as Z Energy drops from record
Wednesday, 3 June 2015, 5:32 pm | BusinessDesk
June 3 (BusinessDesk) - New Zealand shares fell, with Z Energy declining as investors pocketed yesterday's gains. Infratil, Kathmandu Holdings and DNZ Property Fund dropped after giving up rights to their dividends. More >>
