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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 808]
NZ economic growth seen slowing amid low commodity prices
Thursday, 21 May 2015, 2:01 pm | BusinessDesk
May 21 (BusinessDesk) - New Zealand's economic growth is expected to slow from previous forecasts as low global commodity prices weigh on the nation's exports of primary products, which account for about 15 percent of the country's overseas sales. More >>
Chinese tourists to NZ rise to an annual record in April
Thursday, 21 May 2015, 1:50 pm | BusinessDesk
May 21 (BusinessDesk) - Chinese tourists visiting New Zealand rose to an annual record in April, helping push total visitor arrivals to a new high. More >>
Chinese tourists to NZ rise to an annual record in April
Thursday, 21 May 2015, 1:39 pm | BusinessDesk
May 21 (BusinessDesk) - Chinese tourists visiting New Zealand rose to an annual record in April, helping push total visitor arrivals to a new high. More >>
NZ migration rises to new annual record in April
Thursday, 21 May 2015, 11:54 am | BusinessDesk
May 21 (BusinessDesk) - New Zealand migration rose to a new annual record in April, as more students arrived from India and China and fewer locals left for Australia. More >>
Heartland flags profit at top end of guidance
Thursday, 21 May 2015, 10:58 am | BusinessDesk
May 21 (BusinessDesk) - Heartland New Zealand, the bank formed through the merger of Canterbury and Southern Cross building societies with Marac Finance, says it expects full year profit to be at the upper end of its guidance range. More >>
Rakon returns to annual profitability
Thursday, 21 May 2015, 10:40 am | BusinessDesk
May 21 (BusinessDesk) - Rakon, the high-tech components manufacturer, has returned to profitability while doubling its debt and turning to a negative cash outflow, after an overhaul of operations which saw it closes its UK plant and shift production ... More >>
DNZ posts 66% gain in annual profit
Thursday, 21 May 2015, 10:27 am | BusinessDesk
May 21 (BusinessDesk) - DNZ Property Fund, the sixth-biggest property stock on the NZX 50 Index by market capitalisation, posted a 66 percent gain in annual profit as it benefited from its property divestment plan, selling five properties and boosting ... More >>
CORRECT: Intueri sees FYearnings at bottom end of guidance
Thursday, 21 May 2015, 10:20 am | BusinessDesk
May 21 (BusinessDesk) - Intueri Education Group, New Zealand's largest private training college, expects annual earnings will be at the bottom end of guidance based on current trading performance, having missed prospectus targets in calendar 2014. More >>
Augusta Capital increases FY earnings by 5%
Thursday, 21 May 2015, 9:47 am | BusinessDesk
May 21 (BusinessDesk) - Augusta Capital, the listed property investor and fund manager, increased annual earnings by 5 percent as gains from its funds management business offset a decline in rental income. More >>
Intueri sees annual earnings at bottom end of guidance
Thursday, 21 May 2015, 9:28 am | BusinessDesk
May 21 (BusinessDesk) - Intueri Education Group, New Zealand's largest private training college, expects annual earnings will be at the bottom end of guidance based on current trading performance, having missed prospectus targets in calendar 2014. More >>
Zespri doubles FY profit on deferred revenues, sales jump
Thursday, 21 May 2015, 9:02 am | BusinessDesk
May 21 (BusinessDesk) - Zespri International, which controls exports of New Zealand kiwifruit, more than doubled annual profit after it recognised deferred revenue from prior seasons, while lifting sales 16 percent on productivity gains and a shortage ... More >>
NZ dollar drops to 2-month low on outlook for rate cuts
Thursday, 21 May 2015, 8:52 am | BusinessDesk
May 21 (BusinessDesk) - The New Zealand dollar fell to a two-month low as expectations of interest rate cuts weighed on the currency. More >>
Jade Software narrows FY loss on Master Terminal unit growth
Thursday, 21 May 2015, 8:06 am | BusinessDesk
May 20 (BusinessDesk) - Jade Software, the Christchurch-based software developer, narrowed its annual loss as revenue at its Master Terminal port management software grew at a faster pace than expected. More >>
MARKET CLOSE: NZ shares mixed, Fonterra falls on GDT
Wednesday, 20 May 2015, 5:31 pm | BusinessDesk
May 20 (BusinessDesk) - New Zealand shares were mixed, Fonterra Shareholders Fund fell after dairy prices fell overnight. Spark New Zealand declined as one major broker ranked the stock as 'under-perform', while Chorus rose. More >>
MARKET CLOSE: NZ shares mixed, Fonterra falls on GDT
Wednesday, 20 May 2015, 5:31 pm | BusinessDesk
May 20 (BusinessDesk) - New Zealand shares were mixed, Fonterra Shareholders Fund fell after dairy prices fell overnight. Spark New Zealand declined as one major broker ranked the stock as 'under-perform', while Chorus rose. More >>
NZ dollar falls on optimism for US economy; Fed minutes loom
Wednesday, 20 May 2015, 5:09 pm | BusinessDesk
May 20 (BusinessDesk) - The New Zealand dollar fell as investor optimism about the strength of the US economy, ahead of minutes to the last Federal Open Market Committee meeting, underpins the greenback. More >>
Colin McKenzie steps down as Cavalier CEO ahead of FY loss
Wednesday, 20 May 2015, 4:32 pm | BusinessDesk
Colin McKenzie steps down as Cavalier CEO ahead of writedowns that will lead to FY loss More >>
APN's NZME sees future in paywalls, growth in digital sales
Wednesday, 20 May 2015, 3:44 pm | BusinessDesk
May 20 (BusinessDesk) - APN News & Media has touted a single newsroom concept for its NZME unit in New Zealand, similar to what Germany's Die Welt uses, saying an "integrated sales proposition" is helping it win market share, including ... More >>
Vodafone NZ's annual revenue dips as competition mounts
Wednesday, 20 May 2015, 1:42 pm | BusinessDesk
May 20 (BusinessDesk) - Global telecommunications firm Vodafone Group has reported a dip in its New Zealand revenue amid increased competition. More >>
Poll shows local government has a reputation problem
Wednesday, 20 May 2015, 1:08 pm | BusinessDesk
May 20 (BusinessDesk) - Polling of some 3,000 members of the public and businesses scores local government poorly on three core measures of competence to give the sector a reputation score of 29 out of a possible 100, says the sector's national body, ... More >>
