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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 807]
Gap between benefits and low waged workers had got too large
Friday, 22 May 2015, 10:52 am | BusinessDesk
May 22 (BusinessDesk) - The government decided to boost benefits for beneficiaries with children because the gap between benefit levels and the lowest income wage earners had become "a bit too wide," Finance Minister Bill English said at a post-Budget ... More >>
Serko's annual loss widens, targets profitability in 2017
Friday, 22 May 2015, 10:19 am | BusinessDesk
May 22 (BusinessDesk) - Serko, the online travel booking business, reported a wider annual loss in line with its prospectus forecast, while delivering slower growth in sales than anticipated, and is targeting profitability in the first half of 2017. More >>
Ryman posts 24% profit gain on revaluations and sales rise
Friday, 22 May 2015, 10:02 am | BusinessDesk
May 22 (BusinessDesk) - Ryman Healthcare, New Zealand's largest listed retirement village builder and operator, posted a 24 percent gain in annual profit as the value of its properties increased and revenue rose. More >>
Comvita lifts annual profit 28 percent, beating expectations
Friday, 22 May 2015, 9:56 am | BusinessDesk
May 22 (BusinessDesk) - Comvita, the Te Puke-based maker of health products based on manuka honey, boosted annual profit 28 percent, beating expectations as tourism to New Zealand helped drive sales. More >>
Christchurch Airport still targets excessive returns: Comcom
Friday, 22 May 2015, 9:50 am | BusinessDesk
May 22 (BusinessDesk) - Christchurch International Airport (CIAL) is still targeting excessive returns, the Commerce Commission says, after the airport provided clarification of its pricing methodology. More >>
Nuplex boosts annual dividend 28%, lifts payout range
Friday, 22 May 2015, 9:48 am | BusinessDesk
May 22 (BusinessDesk) - Nuplex Industries, the specialty chemical and resin maker, expects to increase its annual dividend by nearly a third and has lifted payout ratio to 60 percent of profit. More >>
Coats says rising sales in early 2015 affirm outlook for sta
Friday, 22 May 2015, 9:42 am | BusinessDesk
May 22 (BusinessDesk) - Coats Group, the NZX-listed UK threadmaker once part of the Guinness Peat Group empire, says sales growth has been in line with management's expectations in the first four months of the year, and affirmed its forecast for ... More >>
NZ dollar drops to 4-year low vs. Sterling after upbeat data
Friday, 22 May 2015, 8:49 am | BusinessDesk
May 22 (BusinessDesk) - The New Zealand dollar fell to a four-year low against the British pound after UK retail sales rose more-than-expected in April, boosting optimism about the outlook for the economy. More >>
RESEND MARKET CLOSE: NZ shares rise; DNZ gains; Spark drops
Thursday, 21 May 2015, 5:58 pm | BusinessDesk
RESEND MARKET CLOSE: NZ shares rise; DNZ gains; Spark drops; Chorus at 2.5 year high More >>
FMA probes Arena Capital, operating as BlackfortFX
Thursday, 21 May 2015, 5:43 pm | BusinessDesk
May 21 (BusinessDesk) - The Financial Markets Authority is investigating a Christchurch company called Arena Capital, trading as foreign exchange services provider BlackfortFX, saying it is concerned investor funds may be at risk. More >>
MARKET CLOSE: NZ shares rise; DNZ gains; Spark drops
Thursday, 21 May 2015, 5:33 pm | BusinessDesk
MARKET CLOSE: NZ shares rise; DNZ gains; Spark drops; Chorus at 2.5 year high More >>
Scutts found guilty of fraud after accepting kickbacks
Thursday, 21 May 2015, 5:30 pm | BusinessDesk
May 21 (BusinessDesk) - Peter Scutts, the former head of New Zealand Wine Co, was found guilty of 17 fraud charges laid by the Serious Fraud Office in the Auckland High Court today. More >>
NZ dollar holds near bottom of range as rate cut eyed
Thursday, 21 May 2015, 5:14 pm | BusinessDesk
May 21 (BusinessDesk) - The New Zealand dollar held near the bottom end of its recent trading range as investors weighed up whether the Reserve Bank will cut interest rates to further stimulate a slowing economy. More >>
NZ credit ratings unaffected by government's 2015 budget
Thursday, 21 May 2015, 3:05 pm | BusinessDesk
May 21 (BusinessDesk) - New Zealand's credit ratings were unaffected by the government's 2015 budget, Standard & Poor's and Moody's Investors Service say. More >>
New $16 per head arrival fee to hit travellers
Thursday, 21 May 2015, 2:40 pm | BusinessDesk
May 21 (BusinessDesk) - Tourists and travellers arriving in New Zealand will face a $16 per head new border clearance levy from Jan. 1 next year to deal with fast-growing demands on customs and quarantine services. More >>
Govt warns KiwiRail annual support won't last
Thursday, 21 May 2015, 2:38 pm | BusinessDesk
May 21 (BusinessDesk) - State-owned rail operator KiwiRail takes the lion’ share of $249 million additional transport funding over the next four years, with an extra $209.8 million available for the year ahead and $190 million in the 2016/17 fiscal ... More >>
$4M extra for EPA to administer new resources regime
Thursday, 21 May 2015, 2:25 pm | BusinessDesk
May 21 (BusinessDesk) - The Environmental Protection Authority’s plea for additional funding to support administration of the new regime governing the Exclusive Economic Zone, with a $4 million boost to funding. More >>
Carrot and stick budget measures for low income families
Thursday, 21 May 2015, 2:04 pm | BusinessDesk
May 21 (BusinessDesk) - The budget targets an additional $240 million a year to low income families on benefits and in work, but makes new demands of sole parents, including that they be work-ready by the time their youngest child turns three, rather than ... More >>
NZDMO adds $1 bln to bond programme in 2015/16 year
Thursday, 21 May 2015, 2:03 pm | BusinessDesk
May 21 (BusinessDesk) - The New Zealand Debt Management Office will increase borrowing by an extra $1 billion in the 2016 financial year, a period where the Treasury anticipates a bigger cash deficit as capital spending is expected to exceed cash flows. More >>
Low inflation, ACC changes slash $3.2B from Crown balance
Thursday, 21 May 2015, 2:02 pm | BusinessDesk
Low inflation, ACC changes slash $3.2B from Crown balance, as KiwiSaver perk axed to help kids More >>
