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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 819]
NZ building consents rise in March, snapping declines
Thursday, 30 April 2015, 12:59 pm | BusinessDesk
April 30 (BusinessDesk) - New Zealand building consents rose in March, snapping three months of declines, with increased intentions to build townhouses, units and retirement villages. More >>
Trilogy appoints natural products head Buglass as new CEO
Thursday, 30 April 2015, 12:58 pm | BusinessDesk
April 30 (BusinessDesk) - Trilogy International, the skincare products and scented candle maker, has appointed its head of natural products Angela Buglass as its next chief executive, effective from July this year. More >>
Xero tells ASX profit is wrong metric to measure business
Thursday, 30 April 2015, 12:56 pm | BusinessDesk
April 30 (BusinessDesk) - Xero, the cloud-based accounting software firm whose shares have dropped 36 percent in the past year, has told the ASX it is in compliance with disclosure rules over its annual results while criticising media reports that focused ... More >>
UPDATE: NZ central bank says cut to OCR may be needed
Thursday, 30 April 2015, 10:29 am | BusinessDesk
UPDATE: NZ central bank says cut to OCR may be needed if inflationary forces dim More >>
ikeGPS upbeat, despite missing FY15 revenue targets
Thursday, 30 April 2015, 10:08 am | BusinessDesk
April 30 (BusinessDesk) - Remote measurement software developer ikeGPS will miss its prospectus revenue targets for the 2015 financial year, but says that's because sales of its new smartphone application, Spike, are running three months behind schedule ... More >>
OceanaGold 1Q profit drops with sales; to buy Waihi mine
Thursday, 30 April 2015, 10:03 am | BusinessDesk
April 30 (BusinessDesk) - OceanaGold Corp, which operates the Macraes gold mine in Otago, reported a 58 percent drop in first-quarter profit with sales down from a year earlier, and announced plans to buy the Waihi Gold Mine for US$101 million. More >>
Tourism Holdings lifts full-year guidance, reviews capital
Thursday, 30 April 2015, 9:46 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 >>
Fonterra cuts forecast payout to $4.50/kgMS
Thursday, 30 April 2015, 9:08 am | BusinessDesk
April 30 (BusinessDesk) - Fonterra Cooperative Group, the world's biggest dairy exporter, has cut its forecast payout to farmers by 20 cents, blaming volatile global commodity prices and an over-supply in international markets. More >>
NZ central bank says cut to OCR may be needed
Thursday, 30 April 2015, 9:05 am | BusinessDesk
April 30 (BusinessDesk) - The Reserve Bank of New Zealand kept the official cash rate at 3.5 percent and said it may have to lower the rate should demand and inflationary pressures track lower than would be consistent with its inflation target. More >>
Former Transpower head Patrick Strange joins NZX board
Thursday, 30 April 2015, 8:59 am | BusinessDesk
April 30 (BusinessDesk) - Former Transpower chief executive Patrick Strange has joined the board of the stock market operator, NZX. More >>
NZ dollar little changed as US Fed on hold; RBNZ looms
Thursday, 30 April 2015, 8:37 am | BusinessDesk
NZ dollar little changed as US Fed puts rate hikes on hold; RBNZ review looms More >>
RESEND: NZ dollar falls ahead of tomorrow's OCR review
Wednesday, 29 April 2015, 5:53 pm | BusinessDesk
April 29 (BusinessDesk) - The New Zealand dollar fell ahead of the US Federal Reserve's decision on monetary policy and the Reserve Bank of New Zealand's review of the official cash rate, which may contain softer language about the direction of interest rates ... More >>
MARKET CLOSE: NZ shares fall led by Genesis, Meridian up
Wednesday, 29 April 2015, 5:38 pm | BusinessDesk
April 29 (BusinessDesk) - New Zealand shares fell, led by Genesis Energy after the partially privatised power company cut its earnings forecast. Meridian Energy advanced as investors returned to the sold-down stock. More >>
NZ dollar falls ahead of tomorrow's OCR review
Wednesday, 29 April 2015, 5:31 pm | BusinessDesk
April 29 (BusinessDesk) - The New Zealand dollar fell ahead of the US Federal Reserve's decision on monetary policy and the Reserve Bank of New Zealand's review of the official cash rate, which may contain softer language about the direction of interest rates ... More >>
Carter Holt to sell Bestwood, Kopine units, union says
Wednesday, 29 April 2015, 4:39 pm | BusinessDesk
April 29 (BusinessDesk) - Carter Holt Harvey, strongly tipped for sale by initial public offering, has entered a conditional agreement to sell its Kopine and Bestwood units to New Zealand Panels Group in a move that the FIRST Union says will lead to ... More >>
Oaktree lifts holding in Mediaworks, buys bankers' stakes
Wednesday, 29 April 2015, 3:56 pm | BusinessDesk
April 29 (BusinessDesk) - US hedge fund Oaktree Capital has lifted its stake in Mediaworks Investments, the free-to-air broadcaster of the TV3 network, to own more than three-quarters of the company after taking up two banks' stakes in a development that should assist ... More >>
NZ business confidence slips from 7-month high in April
Wednesday, 29 April 2015, 1:22 pm | BusinessDesk
April 29 (BusinessDesk) - New Zealand business confidence slipped from a seven-month high as sentiment waned in retailing, manufacturing, agriculture and construction. More >>
Court dismisses criminal charges against former bankrupt
Wednesday, 29 April 2015, 12:40 pm | BusinessDesk
April 29 (BusinessDesk) - Criminal charges against Jamie Peters, a high-profile former property developer discharged from bankruptcy against the wishes of the Official Assignee, have been dismissed by the District Court at Auckland, which found his ... More >>
UPDATE: Tower shares halted for Canterbury provisions review
Wednesday, 29 April 2015, 11:11 am | BusinessDesk
April 29 (BusinessDesk) - Shares of Tower were halted on the New Zealand and Australian stock exchanges, as it reviews its Canterbury provisions and flags a "material impact" ahead of reporting its first-half earnings next month. More >>
NZ posts bigger-than-expected trade surplus in March
Wednesday, 29 April 2015, 10:56 am | BusinessDesk
April 29 (BusinessDesk) - New Zealand recorded a bigger-than-expected trade surplus in March, as exports fell less than forecast. More >>
