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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 818]
Ruataniwha irrigation scheme gets 15 years to sort water
Friday, 1 May 2015, 5:11 pm | BusinessDesk
May 1 (BusinessDesk) - A revised decision from the board of inquiry considering the Ruataniwha Water Storage Scheme relaxes water quality conditions that were previously regarded as unworkable. It gives irrigators 15 years to find ways to manage nitrogen ... More >>
NZ wool auction volumes fall to 2-yr low amid seasonal lull
Friday, 1 May 2015, 3:48 pm | BusinessDesk
May 1 (BusinessDesk) - New Zealand wool sold at auction declined to the lowest level in two years following the end of the main shearing season. More >>
NZ export log prices fall as Chinese inventories build
Friday, 1 May 2015, 3:18 pm | BusinessDesk
May 1 (BusinessDesk) - New Zealand export log prices fell to a seven-month low as high inventories on Chinese ports dent demand in the country's largest market. More >>
Migration curbs, tweaked inflation target not warranted
Friday, 1 May 2015, 2:56 pm | BusinessDesk
May 1 (BusinessDesk) - The government is not considering curbing immigration to New Zealand, despite its contribution to rising house prices, especially in Auckland, and the additional pressure it places on government spending in areas such as education, ... More >>
Tower may record small net loss in first half
Friday, 1 May 2015, 2:12 pm | BusinessDesk
Tower may record small net loss in first half on quake adjustment as underlying earnings grow More >>
Xero changes recruitment tactics after US execs go: Drury
Friday, 1 May 2015, 1:45 pm | BusinessDesk
May 1 (BusinessDesk) - Xero boss Rod Drury says the accounting software developer has changed its tactics for hiring senior executives after the departure of a US chief executive who lacked urgency and a chief financial officer who didn’t like ... More >>
Budget surplus next year becoming more challenging: English
Friday, 1 May 2015, 12:51 pm | BusinessDesk
May 1 (BusinessDesk) - Finance Minister Bill English is warning that achieving a budget surplus next year is becoming more difficult, with the Treasury forecasting tax revenue will be $4.5 billion lower over the next four years than was expected ... More >>
NZ property values rise at faster pace in April, QV says
Friday, 1 May 2015, 12:03 pm | BusinessDesk
NZ property values surge at fastest pace in at least 10 months in April: QV More >>
Graeme Hart's UCI auto parts business eyes asset sales
Friday, 1 May 2015, 11:19 am | BusinessDesk
May 1 (BusinessDesk) - New Zealand billionaire Graeme Hart's UCI Holdings auto parts business is seeking to amend its credit agreements to free up potential asset sales in the latest move by the country's richest man to trim down the size of his investment ... More >>
NZX lifts 1Q sales 9.1% on funds management
Friday, 1 May 2015, 10:20 am | BusinessDesk
May 1 (BusinessDesk) - NZX lifted first quarter sales 9.1 percent as the stock market operator's expanded fund management business offset a drop of it in its derivatives and agriculture operations. More >>
CORRECT: Tourism Holdings lifts full-year guidance
Friday, 1 May 2015, 9:41 am | BusinessDesk
April 30 (BusinessDesk) - Tourism Holdings, the largest campervan rental business in Australia and New Zealand, has boosted full-year guidance for a third time and hired First NZ Capital to review its capital structure. More >>
Serko buys Arnold Travel for 'nominal sum'
Friday, 1 May 2015, 9:02 am | BusinessDesk
May 1 (BusinessDesk) - Serko, the online travel booking business, has bought Expedia's Arnold Travel Technology for a confidential nominal sum, which it expects will boost its Australasian transaction volumes by at least a fifth. More >>
NZ dollar rises vs. Aussie on speculation RBA will cut rates
Friday, 1 May 2015, 8:34 am | BusinessDesk
May 1 (BusinessDesk) - The New Zealand dollar rose against the Australian dollar after New Zealand's Reserve Bank kept interest rates on hold yesterday, as speculation grew that the Reserve Bank of Australia will cut interest rates at its meeting next ... More >>
MARKET CLOSE: NZ shares rise; Spark, Contact gain; Xero down
Thursday, 30 April 2015, 5:39 pm | BusinessDesk
April 30 (BusinessDesk) - New Zealand shares rose from a two-month low, paced by Spark New Zealand and Contact Energy as the prospect of lower interest rates fuelled investor demand for income-paying equities. Xero extended its decline. More >>
NZ dollar falls after RBNZ adopts easing bias
Thursday, 30 April 2015, 5:05 pm | BusinessDesk
April 30 (BusinessDesk) - The New Zealand dollar fell after the Reserve Bank adopted a bias towards lower interest rates, saying it would cut rates if inflationary pressures come in below expectations, and after Fonterra Cooperative Group cut its forecast ... More >>
Compromise reached on Auckland port extension
Thursday, 30 April 2015, 5:03 pm | BusinessDesk
April 30 (BusinessDesk) - Ports of Auckland has offered to only extend one of the two wharves it wants to push further out into Auckland harbour in a backdown that it hopes will take the heat out of local opposition to its plans. More >>
Tamaki project gets $200M govt loan
Thursday, 30 April 2015, 5:02 pm | BusinessDesk
April 30 (BusinessDesk) - Tamaki Redevelopment Co, a property development venture between central government and Auckland Council, has been given a $200 million loan and a mandate to build 7,500 homes over 15 years, financed via property sales and ... More >>
Carter's Australian building products unit returns to profit
Thursday, 30 April 2015, 5:00 pm | BusinessDesk
April 30 (BusinessDesk) - Carter Holt Harvey's Australian building products unit returned to profit in 2014, as it fattened margins on increased sales, reversed prior impairment charges and reaped a gain its share of the sale of pulp, paper and packaging ... More >>
Simon Allen appointed chair of New Zealand Refining
Thursday, 30 April 2015, 1:01 pm | BusinessDesk
April 30 (BusinessDesk) - Simon Allen has been elected chairman of New Zealand Refining Co, which operates the Marsden Point refinery, replacing David Jackson who stepped down at yesterday's annual meeting. More >>
SPI Property directors fined over reporting breaches
Thursday, 30 April 2015, 1:00 pm | BusinessDesk
April 30 (BusinessDesk) - SPI Property Fund directors Murray Alcock and Allister Knight have each been fined $25,312 for failing to file audited financial statements for several years. More >>
