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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 805]
NZ employees rate work-life balance as top priority
Tuesday, 26 May 2015, 4:49 pm | BusinessDesk
NZ employees rate work-life balance as top priority, while job seekers eye cash, survey shows More >>
Green Cross annual profit falls 4.1% on higher staff costs
Tuesday, 26 May 2015, 4:00 pm | BusinessDesk
May 26 (BusinessDesk) - Green Cross Health, formerly known as PharmacyBrands, posted a 4.1 percent decline in annual profit as its staff costs increased. More >>
UPDATE: Scott Technology cuts 13 jobs after 'busy' 2014: CEO
Tuesday, 26 May 2015, 3:34 pm | BusinessDesk
May 26 (BusinessDesk) - Scott Technology has confirmed it laid off 13 workers as the industrial automation firm looks to cut staff numbers at its Christchurch plant after taking on extra employees during a bumper year, chief executive Chris Hopkins ... More >>
Scott Technology cans 13 staff, moves to more temps: EPMU
Tuesday, 26 May 2015, 2:24 pm | BusinessDesk
May 26 (BusinessDesk) - Scott Technology, the industrial automation firm, has laid off 13 workers telling them the company wanted to rely on more temps to fill orders, according to the union representing staff. More >>
2degrees posts reduced loss of $33.6M, will launch UFB soon
Tuesday, 26 May 2015, 2:07 pm | BusinessDesk
May 26 (BusinessDesk) - Two Degrees Mobile, the country's newest mobile phone operator, is still burning cash but has once again reduced its financial losses, recording a $33.6 million net loss for calendar 2014, down 6.7 percent on the $35.9 million ... More >>
UPDATE: FMA gives NZX clean bill of health on oversight
Tuesday, 26 May 2015, 1:57 pm | BusinessDesk
May 26 (BusinessDesk) - For the first time in four years the Financial Markets Authority has given New Zealand’s markets operator, NZX, a clean bill of health in the way it has met its statutory obligations to run the markets in a fair, orderly and transparent ... More >>
Chorus says RMA fix needed to aid fibre rollout
Tuesday, 26 May 2015, 1:25 pm | BusinessDesk
Chorus says RMA fix needed as fibre rollout stumbles on shared driveways, multi-unit homes More >>
UPDATE: Tower shares gain on dividend, 1H earnings
Tuesday, 26 May 2015, 1:16 pm | BusinessDesk
May 26 (BusinessDesk) - Tower shares rose to a month-high after the general insurer hiked its interim dividend and confirmed an on-market share buyback after lifting first-half earnings 36 percent on rising premiums and fewer claims. More >>
Orion Health reports $61M loss, revenue beats prospectus
Tuesday, 26 May 2015, 11:14 am | BusinessDesk
May 26 (BusinessDesk) - Orion Health, the healthcare system software developer, reported a $60.8 million loss for the year to March 31, in line with its strategy to grow revenues before becoming profitable, and beat its prospectus forecast for annualised ... More >>
NZ trade surplus narrows in April as dairy exports fall
Tuesday, 26 May 2015, 10:56 am | BusinessDesk
May 26 (BusinessDesk) - New Zealand’s trade surplus narrowed as expected in April as whole milk powder exports to China declined. More >>
FMA gives NZX clean bill of health for over regulation
Tuesday, 26 May 2015, 9:59 am | BusinessDesk
May 26 (BusinessDesk) - The Financial Markets Authority has given New Zealand's markets operator, NZX, the thumbs up for the way it has complied with statutory obligations to run the markets in a fair, orderly and transparent way and for the first time ... More >>
SkyCity lifts minimum convention centre investment to $430M
Tuesday, 26 May 2015, 9:32 am | BusinessDesk
May 26 (BusinessDesk) - SkyCity Entertainment Group, the casino operator, has lifted the minimum it will invest in the Auckland International Convention Centre to $430 million and said total costs including land may be $450 million to $470 million. More >>
Tower posts first-half loss on increased quake costs
Tuesday, 26 May 2015, 9:30 am | BusinessDesk
Tower posts first-half loss on increased quake costs, underlying earnings rise in line with guidance More >>
NZ dollar little changed as major markets closed
Tuesday, 26 May 2015, 8:42 am | BusinessDesk
May 26 (BusinessDesk) - The New Zealand dollar was little changed overnight with major markets in the US and the UK closed for public holidays. More >>
MARKET CLOSE: NZ shares rise, led by Contact; F&P gains
Monday, 25 May 2015, 5:39 pm | BusinessDesk
May 25 (BusinessDesk) - New Zealand shares rose after Contact Energy said it would return surplus cash to shareholders. Fisher & Paykel Healthcare and Metro Performance Glass gained ahead of reporting their earnings. More >>
New health and safety law likely to be softened, Key says
Monday, 25 May 2015, 5:37 pm | BusinessDesk
May 25 (BusinessDesk) - Health and safety reforms sparked by the Pike River coal mine disaster look set to be softened either by a select committee considering new legislation or by the Cabinet, Prime Minister John Key said. More >>
Sanford 1H profit falls 18% on $6.8M plant, fleet write-down
Monday, 25 May 2015, 5:18 pm | BusinessDesk
May 25 (BusinessDesk) - Sanford, New Zealand's largest listed fishing group, reported an 18 percent drop in first-half profit as it wrote down the value of its fleet and Christchurch mussel processing plant. More >>
FMA orders compensation for Pacific Edge shareholders
Monday, 25 May 2015, 5:14 pm | BusinessDesk
May 25 (BusinessDesk) - Pacific Edge, which commercialised a non-invasive test for bladder cancer, has agreed to make a $500,000 compensation payment to shareholders after an investigation by the Financial Markets Authority found that the company ... More >>
NZ dollar holds above 73 US cts as US data awaited
Monday, 25 May 2015, 5:13 pm | BusinessDesk
May 25 (BusinessDesk) - The New Zealand dollar held above 73 US cents as investors await data out of the US to gauge the strength of the world's biggest economy after Federal Reserve chair Janet Yellen said she expected the central bank would hike ... More >>
UPDATE: Nuplex strong enough to fund organic growth
Monday, 25 May 2015, 4:36 pm | BusinessDesk
May 25 (BusinessDesk) - Nuplex Industries, which makes resins used in industrial coatings and paint, has enough cash to fund development plans across Asia, which it sees as underpinning organic growth, says chief executive Emery Severin. More >>
