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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 814]
World Week Ahead: Stimulus bolsters equities
Monday, 11 May 2015, 7:49 am | BusinessDesk
May 11 (BusinessDesk) - Bets that central bankers will continue to keep monetary policy easy, including the latest interest rate cut in China, is likely to help propel global equities still higher this week. More >>
ProTen seeks to raise as much as A$30M to fund future growth
Friday, 8 May 2015, 6:01 pm | BusinessDesk
May 8 (BusinessDesk) - ProTen, an Australian chicken-farming business whose shares trade on New Zealand's Unlisted market, plans to raise as much as A$30 million in a private placement to fund future growth. More >>
MARKET CLOSE: NZ shares rise; Meridian, Genesis up on yield
Friday, 8 May 2015, 5:32 pm | BusinessDesk
May 8 (BusinessDesk) - New Zealand shares rose, paced by Meridian Energy and Contact Energy as investors’ appetite for income paying equities returned. Warehouse Group advanced after it reported an increase in third-quarter sales. More >>
NZ dollar heads for 1% weekly drop
Friday, 8 May 2015, 5:12 pm | BusinessDesk
NZ dollar heads for 1% weekly drop as rate cuts weighed, US jobs data looms More >>
English to amend Super Fund bill to maintain independence
Friday, 8 May 2015, 3:57 pm | BusinessDesk
May 8 (BusinessDesk) - Finance Minister Bill English plans to amend legislation that lets the New Zealand Superannuation Fund streamline its investment structure to prevent politicians from interfering with its management, dropping recommendations ... More >>
NZ wool prices jump at auction on low supply, weaker dollar
Friday, 8 May 2015, 3:52 pm | BusinessDesk
May 8 (BusinessDesk) - New Zealand wool prices rose at auction, with lamb wool touching a fresh four-year high and crossbred wool hitting a six-month high, stoked by a weaker local currency and low seasonal supply. More >>
ManaBus.com buys Naked Bus for undisclosed sum
Friday, 8 May 2015, 3:30 pm | BusinessDesk
May 8 (BusinessDesk) - ManaBus.com, the recently launched online budget bus company owned by Scottish transport entrepreneur Brian Souter, will acquire rival Naked Bus for an undisclosed sum. More >>
El Nino events sap NZ growth, inflation, IMF research says
Friday, 8 May 2015, 2:30 pm | BusinessDesk
May 8 (BusinessDesk) - Major El Nino events, which typically create extreme weather conditions, immediately sap New Zealand's economic growth and put downward pressure on inflation, according to International Monetary Fund research. More >>
NZF enters voluntary administration as reverse listings fail
Friday, 8 May 2015, 12:27 pm | BusinessDesk
May 8 (BusinessDesk) - NZF Group, the former financial services company, has entered voluntary administration after its second reverse listing proposal fell through. More >>
Bath Street rejects $22M demand from Pyne Gould
Friday, 8 May 2015, 11:21 am | BusinessDesk
May 8 (BusinessDesk) - Bath Street Capital, which has been building up its local trustee business, has rejected a $22 million demand from Pyne Gould Corp over its acquisition of Perpetual Trust, saying no price was fixed in the deal. More >>
SeaDragon taps Tetra Laval executive as chairman
Friday, 8 May 2015, 10:32 am | BusinessDesk
May 8 (BusinessDesk) - SeaDragon, which manufactures fish oil for health supplements, named Tetra Laval executive Colin Groves as chairman, replacing Doug Wilson, who announced his departure along with chief executive Ross Keeley this week. More >>
Warehouse 3Q sales rise 5%, says FY profit on track
Friday, 8 May 2015, 9:43 am | BusinessDesk
May 8 (BusinessDesk) - Warehouse Group, New Zealand's largest publicly listed retailer, posted a 5 percent gain in third quarter sales which it said was in line with its expectations and meant it was on track to meet its forecast annual profit. More >>
NZ dollar slips on US labour market optimism
Friday, 8 May 2015, 8:33 am | BusinessDesk
NZ dollar slips to lowest in more than 3 weeks on US labour market optimism More >>
While you were sleeping: Payrolls in focus
Friday, 8 May 2015, 7:06 am | BusinessDesk
May 8 (BusinessDesk) - Wall Street advanced amid better-than-expected corporate earnings including from Alibaba as well as positive weekly jobless claims data. More >>
RESEND: NZ dollar little changed as investors mull rate cut
Thursday, 7 May 2015, 5:42 pm | BusinessDesk
May 7 (BusinessDesk) - The New Zealand dollar was little changed as investors consider the possibility of a rate cut after employment figures yesterday showed slowing wage growth in the first three months of the year. More >>
MARKET CLOSE: NZ shares fall; Spark, ANZ, Westpac drop
Thursday, 7 May 2015, 5:31 pm | BusinessDesk
May 7 (BusinessDesk) - New Zealand shares fell, paced by Spark New Zealand as offshore weakness weighed on the local bourse. Australia and New Zealand Banking Group and Westpac Banking Corp fell as Australian lenders continued with plans to raise further ... More >>
NZ dollar holds steady as investors mull rate cut prospects
Thursday, 7 May 2015, 5:21 pm | BusinessDesk
May 7 (BusinessDesk) - The New Zealand dollar was little changed as investors consider the possibility of a rate cut after employment figures yesterday showed slowing wage growth in the first three months of the year. More >>
Solid Energy lines up more job cuts
Thursday, 7 May 2015, 4:25 pm | BusinessDesk
May 7 (BusinessDesk) - Solid Energy, the financially stricken state-owned coal miner, plans to cut its workforce again to keep a lid on costs after the board decided against selling assets or liquidating the company. More >>
Flick Electric secures $4.8M in funding from Evander, Morel
Thursday, 7 May 2015, 4:24 pm | BusinessDesk
May 7 (BusinessDesk) - Flick Electric has secured $4.8 million from investors, including Datacom shareholder Evander Management and venture capitalists Jenny Morel and Phil McCaw as it looks to spread its new wholesale electricity offer across New Zealand. More >>
Chinese investment helping alleviate Auckland supply crisis
Thursday, 7 May 2015, 2:57 pm | BusinessDesk
May 7 (BusinessDesk) - The Fairway Bay Gulf Harbour property development north of Auckland, a $550 million project that provides work for 500 people, would never have happened without Chinese investment, says a consultant to the development company. More >>
