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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 813]
No change in median Auckland house price in April: REINZ
Tuesday, 12 May 2015, 3:21 pm | BusinessDesk
May 12 (BusinessDesk) - The median price of an Auckland house didn't change between March and April, at $720,000, according to the latest figures released by the Real Estate Institute of New Zealand, although there has been a $108,500, or 17.7 percent ... More >>
Shares of Nuplex rise as it lifts FY guidance on better than
Tuesday, 12 May 2015, 3:11 pm | BusinessDesk
Shares of Nuplex rise as it lifts FY guidance on better than expected second half More >>
UPDATE: Rank Group confirms plan to sell down Carter in IPO
Tuesday, 12 May 2015, 1:07 pm | BusinessDesk
May 12 (BusinessDesk) - Rank Group, owned by billionaire Graeme Hart, confirmed plans to sell down its stake in building products supplier Carter Holt Harvey in an initial public offering and list the shares on the New Zealand and Australian stock exchanges. More >>
Cricket World Cup gives unseasonal boost to March tourism
Tuesday, 12 May 2015, 12:00 pm | BusinessDesk
May 12 (BusinessDesk) - New Zealand guest nights rose at a slower monthly pace, on a seasonally adjusted basis, in March as an increase in domestic overnight stays offset a fall in international guests taking accommodation. More >>
UPDATE: Diligent focuses on product use, affirms FY guidance
Tuesday, 12 May 2015, 11:20 am | BusinessDesk
May 12 (BusinessDesk) - Brian Stafford, the new head of Diligent Board Member Services, sees "US$3 billion of opportunity" for the NZX-listed governance software firm as it builds on how customers are using the product and targets five sectors ... More >>
Rank confirms plan to sell down Carter Holt stake
Tuesday, 12 May 2015, 10:38 am | BusinessDesk
May 12 (BusinessDesk) - Rank Group, owned by billionaire Graeme Hart, confirmed it plans to sell down its stake in building products supplier Carter Holt Harvey in an initial public offering and list the shares on the New Zealand and Australian ... More >>
New RBNZ rules tomorrow on Auckland home lending
Tuesday, 12 May 2015, 10:02 am | BusinessDesk
May 12 (BusinessDesk) - Tomorrow's six-monthly Financial Stability Report from the Reserve Bank of New Zealand looks certain to include new policy to tighten lending restrictions for Auckland property investors, with deputy governor Geoff Bascand ... More >>
Diligent lifts Q1 earnings 14%, reaffirms full-year guidance
Tuesday, 12 May 2015, 9:34 am | BusinessDesk
May 12 (BusinessDesk) - Diligent Board Member Services, the NZX-listed governance software firm, reaffirmed its full-year guidance of up to 19 percent sales growth after first-quarter earnings increased 14 percent. More >>
NZ dollar continues declines as RBNZ seen cutting rates
Tuesday, 12 May 2015, 8:37 am | BusinessDesk
May 12 (BusinessDesk) - The New Zealand dollar continued its decline overnight, falling to an eight-week low, as speculation grows that the Reserve Bank could start cutting interest rates as early as next month. More >>
While you were sleeping: Greece, oil sink equities
Tuesday, 12 May 2015, 7:30 am | BusinessDesk
May 12 (BusinessDesk) - Stocks on both sides of the Atlantic moved lower amid worries about Greece’s financial outlook, and as the price of oil slid on concerns US crude output was set to rise anew. More >>
MARKET CLOSE: NZ shares rise; Meridian, SkyCity gain
Monday, 11 May 2015, 5:32 pm | BusinessDesk
May 11 (BusinessDesk) - New Zealand shares rose, paced by SkyCity Entertainment Group and Meridian Energy as investors mulled a possible rate cut. Heartland New Zealand advanced as the market digested last week's block offer in the stock. Spark New Zealand ... More >>
Budget 2015 includes $500M in ACC levy cuts by 2018; Kaye
Monday, 11 May 2015, 3:58 pm | BusinessDesk
May 11 (BusinessDesk) - The government's 2015 budget will outline $500 million of cuts to Accident Compensation Corp levies to be made by 2018, ACC Minister Nikki Kaye says. More >>
UPDATE: NZ Dollar Outlook: Kiwi may fall
Monday, 11 May 2015, 1:14 pm | BusinessDesk
May 11 (BusinessDesk) - The New Zealand dollar may decline this week as more economists bet that the Reserve Bank will start cutting interest rates as early as next month. More >>
NZ Dollar Outlook: Kiwi may fall as RBNZ seen cutting rates
Monday, 11 May 2015, 12:58 pm | BusinessDesk
May 11 (BusinessDesk) - The New Zealand dollar may decline this week as more economists bet that the Reserve Bank will start cutting interest rates as early as next month. More >>
Foodstuffs North Island taps Spark's Chris Quin as CEO
Monday, 11 May 2015, 11:56 am | BusinessDesk
May 11 (BusinessDesk) - Foodstuffs North Island, part of the group of cooperatives that constitute New Zealand's biggest supermarket operator, named Spark New Zealand executive Chris Quin as its chief executive. More >>
Foodstuffs N taps Spark executive Chris Quin as CEO
Monday, 11 May 2015, 11:54 am | BusinessDesk
May 11 (BusinessDesk) - Foodstuffs North Island, part of the group of cooperatives that constitute New Zealand's biggest supermarket operator, named Spark New Zealand executive Chris Quin as its chief executive. More >>
NZ spending on credit, debit cards slips in April
Monday, 11 May 2015, 11:34 am | BusinessDesk
May 11 (BusinessDesk) - New Zealanders spent less on their electronic cards in April, snapping nine consecutive monthly gains, as a drop off in spending on durables weighed on an otherwise flat month. More >>
Tax take up, spending down for smaller 9-month deficit
Monday, 11 May 2015, 11:01 am | BusinessDesk
May 11 (BusinessDesk) - New Zealand recorded a smaller-than-expected budget deficit in the first nine months of the fiscal year, as government spending came in lower than expected, and the tax take was higher, although some of that is seen reversing ... More >>
RESEND: NZ dollar rises after US jobs data misses forecasts
Monday, 11 May 2015, 9:18 am | BusinessDesk
May 11 (BusinessDesk) - The New Zealand dollar gained after a key US employment report failed to meet expectations, pushing out the likely timing of US interest rate hikes. More >>
NZ dollar rises after US jobs data misses expectations
Monday, 11 May 2015, 8:43 am | BusinessDesk
May 11 (BusinessDesk) - The New Zealand dollar gained after a key US employment report failed to meet expectations, pushing out the likely timing of US interest rate hikes. More >>
