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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 826]
Flurry of NZX IPOs seen in coming months: Nikko Asset
Tuesday, 14 April 2015, 4:19 pm | BusinessDesk
April 14 (BusinessDesk) - Kiwi investors can expect a strong pipeline of initial public offerings from New Zealand and Australian companies listing in coming months to take advantage of the rising market, says Nikko Asset Management head of equities ... More >>
Next Capital mulls possible IPO, trade sale for Vitaco
Tuesday, 14 April 2015, 3:14 pm | BusinessDesk
April 14 (BusinessDesk) - The private equity owners of Vitaco Health Group, the trans-Tasman health foods manufacturer, are mulling a possible initial public offering or trade sale to Asian food companies, according to Australian media reports. More >>
AMP Capital NZ taps Grant Hassell as managing director
Tuesday, 14 April 2015, 2:53 pm | BusinessDesk
April 14 (BusinessDesk) - AMP Capital New Zealand has named its head of fixed income, Grant Hassell, as managing director, replacing Graham Law, who departs after six years. More >>
NZ Merino inks $8 million contract to supply US SmartWool
Tuesday, 14 April 2015, 1:30 pm | BusinessDesk
April 14 (BusinessDesk) - The New Zealand Merino Company, which markets the nation's wool to customers on behalf of suppliers, has inked an $8 million one-year deal to supply 600 tonnes of New Zealand fine and medium micron wool to US sock and apparel ... More >>
Scott Technology first-half profit rises 40%
Tuesday, 14 April 2015, 12:57 pm | BusinessDesk
April 14 (BusinessDesk) - Scott Technology, the industrial automation firm, posted a 40 percent gain in first-half profit as sales from recent acquisitions helped drive revenue growth. More >>
NZ Budget to pump $20M a year into Callaghan grants
Tuesday, 14 April 2015, 12:38 pm | BusinessDesk
April 14 (BusinessDesk) - The government will pump an extra $20 million a year into the research and development Growth Grants programme, one of three types of grant administered by its innovation agency, Callaghan Innovation as part of the May 21 ... More >>
Liquidators of China milk exporter may claw back $145,200
Tuesday, 14 April 2015, 12:00 pm | BusinessDesk
April 14 (BusinessDesk) - Liquidators of a failed milk exporting company, which became insolvent after losing an unfair dismissal case with employees, may force the company's Chinese-based directors to pay back $145,200 to creditors. More >>
Smiths City names 'turnaround specialist' Roy Campbell CEO
Tuesday, 14 April 2015, 11:27 am | BusinessDesk
April 14 (BusinessDesk) - Smiths City Group, the Christchurch-based retail chain, named Roy Campbell as chief executive, replacing Rick Hellings, who departs after 15 years as managing director. More >>
World Bank says sharp slowdown in China would hurt NZ, Aust
Tuesday, 14 April 2015, 11:24 am | BusinessDesk
April 14 (BusinessDesk) - A sharp slowdown in China would hurt commodity exporting countries like New Zealand and Australia and spill over into Pacific Island countries, the World Bank says in its latest East Asia Pacific Update. More >>
NZ house prices rise 8% in March, led by 13% Auckland jump
Tuesday, 14 April 2015, 10:47 am | BusinessDesk
April 14 (BusinessDesk) - New Zealand residential property prices rose in March, led by Auckland where housing supply isn't meeting demand, putting pressure on the market. More >>
Consumers happier with petrol station rivalry as prices fall
Tuesday, 14 April 2015, 10:40 am | BusinessDesk
April 14 (BusinessDesk) - Petrol stations have taken a big jump up in consumers' esteem in the past year, with 68 percent of those polled in a survey undertaken in January saying they believe petrol station prices are competitive, up from 56 percent ... More >>
NZ business confidence slips in first quarter
Tuesday, 14 April 2015, 10:37 am | BusinessDesk
April 14 (BusinessDesk) - New Zealand business confidence slipped in the first quarter, with firms remaining fairly optimistic, consistent with moderating economic growth. More >>
NZ Oil & Gas gets 3 directors on expanded Cue Energy board
Tuesday, 14 April 2015, 9:20 am | BusinessDesk
April 14 (BusinessDesk) - New Zealand Oil & Gas has gained three directors on an expanded board at Cue Energy Resources after securing 48 percent of the ASX-listed energy company. More >>
NZ dollar, Aussie fall after Chinese trade data disappoints
Tuesday, 14 April 2015, 8:49 am | BusinessDesk
April 14 (BusinessDesk) - The New Zealand and Australian dollars touched their lowest levels in almost two weeks after weaker-than-expected trade data from China, the largest trading partner for both countries. More >>
Key scotches national water settlement, spruiks irrigation
Tuesday, 14 April 2015, 7:49 am | BusinessDesk
April 14 (BusinessDesk) - Prime Minister John Key has reiterated a National-led government will not negotiate a national Treaty of Waitangi settlement over Maori claims to freshwater and will not grant claims from some Maori leaders that Maori have ownership ... More >>
While you were sleeping: Wall Street erases earlier gains
Tuesday, 14 April 2015, 6:21 am | BusinessDesk
April 14 (BusinessDesk) - Wall Street fell, giving up earlier gains, as investors positioned themselves for the US corporate earnings season. More >>
MARKET CLOSE: NZ shares rise; Meridian up after 8-day slide
Monday, 13 April 2015, 5:33 pm | BusinessDesk
April 13 (BusinessDesk) - New Zealand shares rose led by Meridian Energy as investors returned to the stock after eight days of decline. Spark New Zealand rose. More >>
NZ dollar tumbles after weak Chinese trade data
Monday, 13 April 2015, 5:22 pm | BusinessDesk
April 13 (BusinessDesk) - The New Zealand dollar tumbled after figures showed China's exports unexpectedly fell while its imports recorded a bigger decline than forecast, signalling weaker demand for commodities in the fastest-growing major economy. More >>
NZ Super Fund, other investors seek US$612.7M in Novo suit
Monday, 13 April 2015, 3:03 pm | BusinessDesk
NZ Super Fund, other investors seek US$612.7 million over Oak Finance loan in UK courts More >>
NZ Dollar Outlook: Kiwi may decline amid stronger greenback
Monday, 13 April 2015, 2:35 pm | BusinessDesk
April 13 (BusinessDesk) - The New Zealand dollar may fall this week in the face of a resurgent greenback and as dairy futures suggest prices will decline at this week's GlobalDairyTrade auction, raising concern about the outlook for the country's largest ... More >>
