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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 817]
MARKET CLOSE: NZ shares fall, paced by Contact, Meridian
Monday, 4 May 2015, 5:33 pm | BusinessDesk
May 4 (BusinessDesk) - New Zealand shares fell, paced by Contact Energy, Meridian Energy and MightyRiverPower as investors mulled the outlook for the energy sector. Westpac Banking Corp fell after reporting first-half earnings. More >>
Team NZ chair Turner resigns as govt funding evaporates
Monday, 4 May 2015, 5:14 pm | BusinessDesk
May 4 (BusinessDesk) - Emirates Team New Zealand chairman Keith Turner has resigned from the board of the yachting syndicate, saying the loss of government funding meant the entity needed a smaller board with new governance structures and the role absorbed ... More >>
NZ dollar falls ahead of busy week for jobs data, dairy, RBA
Monday, 4 May 2015, 5:14 pm | BusinessDesk
May 4 (BusinessDesk) - The New Zealand dollar fell at the start of what may be a bumpy week for currency markets, with the Reserve Bank of Australia set to cut rates, the latest dairy auction and labour data from Australia, New Zealand and the US. More >>
F&P Appliances considers selling finance unit
Monday, 4 May 2015, 5:04 pm | BusinessDesk
May 4 (BusinessDesk) - Fisher & Paykel Appliance Holdings, the Auckland-based manufacturer and consumer credit company owned by China's Haier Group, is considering selling its finance operations after being approached by potential buyers. More >>
Warehouse may offer $125M of 5-year fixed-rate bonds
Monday, 4 May 2015, 2:19 pm | BusinessDesk
May 4 (BusinessDesk) - Warehouse Group, New Zealand's largest listed retailer, may sell as much as $125 million of five-year bonds to refinance $100 million of bonds maturing next month, and for general corporate purposes. More >>
Dairy leads biggest NZ commodity price fall since 2008
Monday, 4 May 2015, 1:31 pm | BusinessDesk
May 4 (BusinessDesk) - New Zealand commodity prices had their biggest decline since the height of the global financial crisis in 2008, led by falling dairy product prices. More >>
Western Pacific liquidators expect to wrap up in 2016
Monday, 4 May 2015, 1:11 pm | BusinessDesk
May 4 (BusinessDesk) - The liquidators of Western Pacific Insurance, which failed in the wake of the Christchurch earthquakes, say they're likely to complete their five-year task in 2016, although quake claims alone may exceed the estimated recovery ... More >>
Gapes' Victoria Street West may have $1.4M available
Monday, 4 May 2015, 12:16 pm | BusinessDesk
May 4 (BusinessDesk) - Liquidators of property developer Tony Gapes's investment vehicle Victoria Street West are yet to finalise how much is owed, but said there is the potential for $1.4 million to be available for unsecured creditors. More >>
NZ Dollar Outlook: Kiwi may decline amid dairy weakness
Monday, 4 May 2015, 11:24 am | BusinessDesk
May 4 (BusinessDesk) - The New Zealand dollar may decline this week amid weaker prices for exported dairy products and as the greenback strengthens. More >>
SeaDragon chairman Wilson, CEO Keeley to leave
Monday, 4 May 2015, 11:17 am | BusinessDesk
May 4 (BusinessDesk) - SeaDragon, which manufactures fish oil for health supplements, said chairman Doug Wilson and chief executive Ross Keeley will leave the company to focus on other interests. More >>
RESEND: China's Shanghai Zendai to quit Gulf Harbour
Monday, 4 May 2015, 10:50 am | BusinessDesk
May 4 (BusinessDesk) - China's Shanghai Zendai Property plans to quit its stake in a property developer building high-end residential houses and commercial sites on the Whangaparoa Peninsula north of Auckland. More >>
NZX adds iFarm to its AgriHQ business
Monday, 4 May 2015, 10:33 am | BusinessDesk
May 4 (BusinessDesk) - NZX has bought iFarm, the livestock market information business, for an undisclosed sum from owners Jon Sherlock and Peter Fraser and will add the firm to its AgriHQ data business. More >>
China's Shanghai Zendai to quit Gulf Harbour
Monday, 4 May 2015, 10:23 am | BusinessDesk
May 4 (BusinessDesk) - China's Shanghai Zendai Property plans to quit its stake in a property developer building high-end residential houses and commercial sites on the Whangararoa Peninsula north of Auckland. More >>
Westpac NZ lifts 1H profit 2% as impairment charges rise
Monday, 4 May 2015, 10:14 am | BusinessDesk
May 4 (BusinessDesk) - Westpac Banking Corp's New Zealand unit lifted first-half profit 2 percent as gains in residential and business lending were offset by increased impairment charges. More >>
PFI announces 1Q dividend, resumes reinvestment scheme
Monday, 4 May 2015, 9:35 am | BusinessDesk
May 4 (BusinessDesk) - Property For Industry, New Zealand's only listed company specialising in industrial property, will pay 1.75 cents per share for its first quarter dividend and has reinstalled its dividend reinvestment scheme. More >>
Tenon expands banking facility with more favourable rates
Monday, 4 May 2015, 9:00 am | BusinessDesk
May 4 (BusinessDesk) - Tenon, whose locally produced wood mouldings are sold in the US, has expanded its banking facility by US$5 million with greater flexibility and more favourable rates. More >>
NZ dollar declines as traders bet on rebound in US jobs data
Monday, 4 May 2015, 8:36 am | BusinessDesk
May 4 (BusinessDesk) - The New Zealand dollar declined as investors favoured the US dollar on the expectation better jobs data this week will show the US economy is improving. More >>
Dotcom et al get three-month reprieve on extradition hearing
Friday, 1 May 2015, 5:51 pm | BusinessDesk
May 1 (BusinessDesk) - Internet entrepreneur Kim Dotcom and his fellow Megaupload co-accused have won a three-month reprieve on their extradition hearing by a reluctant High Court judge. More >>
King Country Energy presses ahead with plans to move to NZX
Friday, 1 May 2015, 5:49 pm | BusinessDesk
King Country Energy presses ahead with plans to move to NZX, citing concerns Unlisted could close More >>
NZ dollar heads for 0.2% weekly decline
Friday, 1 May 2015, 5:14 pm | BusinessDesk
May 1 (BusinessDesk) - The New Zealand dollar is heading for a 0.2 percent weekly decline against the greenback as markets digest the Reserve Bank's formal shift to an easing bias, and ahead of next week's monetary policy review in Australia. More >>
