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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 803]
NZ dollar little changed vs. greenback on Fonterra forecast
Thursday, 28 May 2015, 5:12 pm | BusinessDesk
May 28 (BusinessDesk) - The New Zealand dollar was little changed against the greenback after Fonterra Cooperative Group's forecast 2016 payout largely met expectations, and gained against the Australian dollar after Australian capital expenditure disappointed ... More >>
FMA gets leave to appoint receivers to FX trader
Thursday, 28 May 2015, 4:57 pm | BusinessDesk
May 28 (BusinessDesk) - The High Court in Christchurch has granted an application from the Financial Markets Authority to appoint receivers to Christchurch company Arena Capital, trading as foreign exchange services provider BlackfortFX. More >>
Reserve Bank unlikely to cut OCR next month: Westpac
Thursday, 28 May 2015, 4:46 pm | BusinessDesk
Reserve Bank unlikely to cut OCR next month, line-ball on cut this year, Westpac says More >>
John Bongard flags November departure from Meridian board
Thursday, 28 May 2015, 3:28 pm | BusinessDesk
May 28 (BusinessDesk) - John Bongard will resign as a director of Meridian Energy, the government controlled energy generator and retailer, after four years on the board. More >>
Supplement maker Promisia plans US launch after trial
Thursday, 28 May 2015, 2:57 pm | BusinessDesk
May 28 (BusinessDesk) - Promisia Integrative, which sells a dietary supplement to treat painful joint conditions like arthritis, is about to launch into the US market and test its product on dogs after positive preliminary results from its first human ... More >>
Arvida FY underlying earnings in line with prospectus
Thursday, 28 May 2015, 1:33 pm | BusinessDesk
May 28 (BusinessDesk) - Arvida Group, the retirement village operator which listed on the NZX last December, reported annual earnings in line with the prospectus forecast, and affirmed its outlook for the 2016 financial year. More >>
Fonterra rejects criticism of milk price guidance
Thursday, 28 May 2015, 12:53 pm | BusinessDesk
Fonterra rejects criticism of milk price guidance, while forecasting cautious $5.25/kgMS for new season More >>
MYOB to buy NZ's Ace Payroll for $14 mln
Thursday, 28 May 2015, 12:50 pm | BusinessDesk
May 28 (BusinessDesk) - MYOB Group, the Australian payment solutions software developer that floated on the ASX this month, has agreed to buy Lower Hutt-based Ace Payroll Plus for $14 million, its third New Zealand acquisition in as many years. More >>
ERoad posts annual loss as sales miss prospectus forecast
Thursday, 28 May 2015, 11:53 am | BusinessDesk
May 28 (BusinessDesk) - ERoad, the electronic road user charges and transport services company, posted a full-year loss in its maiden annual report as a public company, while sales missed its prospectus forecast. The shares fell. More >>
Pushpay FY loss widens as pushes to grow US faith sector
Thursday, 28 May 2015, 11:52 am | BusinessDesk
May 28 (BusinessDesk) - Pushpay Holdings, whose mobile payment app is helping churches raise money from parishioners, widened its annual loss even as sales surged and it invested in future growth. More >>
RESEND: Gentrack first-half profit rises by a third
Thursday, 28 May 2015, 11:05 am | BusinessDesk
RESEND: Gentrack first-half profit rises by a third; flags risk of not meeting full-year prospectus forecast More >>
Apartments not yet covered by Auckland Council fast-tracking
Thursday, 28 May 2015, 11:04 am | BusinessDesk
May 28 (BusinessDesk) - Auckland Council efforts to widen the range of properties eligible for a new fast-track resource consent processes haven't yet extended to building apartments, even though the Reserve Bank sees high-rises as key to easing ... More >>
Argosy profit drops after returning to tax paying position
Thursday, 28 May 2015, 10:38 am | BusinessDesk
May 28 (BusinessDesk) - Argosy Property reported a 25 percent drop in annual profit, while its rental income rose, as the listed property investor returned to a tax paying position for the first time in four years and paid more interest. More >>
AWF posts 37% jump in FY profit as companies hire more staff
Thursday, 28 May 2015, 10:34 am | BusinessDesk
May 28 (BusinessDesk) - AWF Group, the country’s largest recruiter and labour provider, posted a 37 percent rise in full-year profit, with the 2013 purchase of recruitment firm Madison Group fully reflected in its results for the first time. More >>
Pacific Edge full-year loss widens on costs of US push
Thursday, 28 May 2015, 10:31 am | BusinessDesk
Pacific Edge full-year loss widens on costs of US push, to raise $35.3M More >>
Gentrack 1H profit rises by a third; flags risk to FY profit
Thursday, 28 May 2015, 9:56 am | BusinessDesk
Gentrack first-half profit rises by a third; flags risk of not meeting full-year prospectus forecast More >>
Chevron to exit NZ Refining, shares halted for bookbuild
Thursday, 28 May 2015, 9:38 am | BusinessDesk
May 28 (BusinessDesk) - Chevron New Zealand, which operates the Caltex service station chain, will exit its holding in New Zealand Refining, selling its 11 percent stake via a bookbuild. More >>
Listed craft brewer Moa trims losses while ramping up sales
Thursday, 28 May 2015, 9:14 am | BusinessDesk
May 28 (BusinessDesk) - Moa Group, the listed boutique beer maker, has cut its annual loss by 5 percent and boosted sales by nearly a third in its latest financial results. More >>
Fonterra cuts this season's milk price by 10c, forecasts $5.
Thursday, 28 May 2015, 9:02 am | BusinessDesk
Fonterra cuts this season's milk price by 10c, forecasts $5.25/kgMS for 2015 More >>
NZ dollar touches new 2-month low ahead of Fonterra forecast
Thursday, 28 May 2015, 8:21 am | BusinessDesk
May 28 (BusinessDesk) - The New Zealand dollar touched a fresh two-month low ahead of an expected announcement from Fonterra Cooperative Group today on a forecast payout to farmers for the upcoming season. More >>
