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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 827]
Payday for CallPlus founders in $250M sale to M2
Monday, 13 April 2015, 2:34 pm | BusinessDesk
April 13 (BusinessDesk) - M2 Group, the ASX-listed voice and data services company, has agreed to acquire New Zealand's Call Plus for $250 million, gaining the nation's third largest broadband and fixed voice services provider and the Slingshot, Orcon, ... More >>
Capital + Merchant trustee stoush back in court
Monday, 13 April 2015, 12:32 pm | BusinessDesk
April 13 (BusinessDesk) - Lawyers acting for Perpetual Trust and law firm Stace Hammond are seeking access to documents and communication covered by legal privilege in dispute involving the receiver of failed lender Capital + Merchant. The dispute involves ... More >>
Springpark developer Gapes liquidates 'unused entity'
Monday, 13 April 2015, 12:16 pm | BusinessDesk
April 13 (BusinessDesk) - Tony Gapes, the developer building Springpark, which is among Auckland's largest residential projects, has liquidated one of his investment vehicles, saying he is tidying up loose ends by closing down unused entities. More >>
NZ spending on credit, debit cards rises in March
Monday, 13 April 2015, 12:02 pm | BusinessDesk
April 13 (BusinessDesk) - New Zealanders increased their spending on credit and debit cards for a second month in March, led by an increase in consumables such as food and liquor, suggesting low interest rates, cheaper petrol and rising home values ... More >>
NZ Oil & Gas awaits word of Cue board positions
Monday, 13 April 2015, 11:17 am | BusinessDesk
April 13 (BusinessDesk) - New Zealand Oil & Gas is awaiting word from Cue Energy Resources on board representation, after securing 48 percent of the energy company it says may be encouraged to delist from the ASX. More >>
Just Water agrees to sell Australian business for A$11 mln
Monday, 13 April 2015, 9:49 am | BusinessDesk
April 13 (BusinessDesk) - Just Water International, the water cooler and supplies business 79 percent owned by founder Tony Falkenstein, has agreed to sell its Australian business to Waterlogic Australia for A$11 million in cash to repay debt and fund ... More >>
NZ dollar rises to new record vs euro, seen gaining further
Monday, 13 April 2015, 8:53 am | BusinessDesk
April 13 (BusinessDesk) - The New Zealand dollar rose to a fresh record against the euro and commentators say it is likely to continue to break new ground as a stronger local economy contrasts with weakness in Europe. More >>
World Week Ahead: US earnings top agenda
Monday, 13 April 2015, 7:25 am | BusinessDesk
April 13 (BusinessDesk) - US corporate earnings will take centre stage in the coming days with companies such as JPMorgan Chase, Wells Fargo, Johnson & Johnson and Intel reporting. More >>
Cubic Defence NZ targets corporate, military sales
Monday, 13 April 2015, 6:57 am | BusinessDesk
April 10 (BusinessDesk) - High-tech exporter Cubic Defence NZ is setting its sights on selling military training systems to corporate customers. More >>
MARKET CLOSE: NZ shares rise, led by Pacific Edge
Friday, 10 April 2015, 5:34 pm | BusinessDesk
April 10 (BusinessDesk) - New Zealand shares rose, led by Pacific Edge after a report about its medical testing products was published in a prominent medical journal. Genesis Energy and MightyRiverPower fell as investors looked to book recent gains. More >>
Environmental Protection Authority head Rob Forlong resigns
Friday, 10 April 2015, 5:31 pm | BusinessDesk
April 10 (BusinessDesk) - Rob Forlong, the first chief executive of the three year-old Environmental Protection Authority, has resigned at a time when the government is under pressure from industry to make it easier to develop economic resources after ... More >>
NZ dollar rises to record vs. euro as Greece, ECB weigh
Friday, 10 April 2015, 5:30 pm | BusinessDesk
April 10 (BusinessDesk) - The New Zealand dollar rose to a record against the euro as Greece's looming debt payments, subdued economic data and quantitative easing by the European Central Bank weakened the common currency. More >>
Zeta Resources makes bid for Pan Pacific Petroleum
Friday, 10 April 2015, 2:40 pm | BusinessDesk
April 10 (BusinessDesk) - Zeta Resources, the ASX-listed investment group advised by Duncan Saville's ICM unit, has made a full takeover bid for Pan Pacific Petroleum, valuing the target company at A$29.4 million. More >>
KiwiBank mulls $150 million note sale
Friday, 10 April 2015, 11:54 am | BusinessDesk
April 10 (BusinessDesk) - Kiwibank, the banking unit of state-owned New Zealand Post, is mulling a $150 million note sale to help the bank meet regulatory requirements. More >>
Turners subsidiary buys Greenwich Life Insurance
Friday, 10 April 2015, 10:00 am | BusinessDesk
April 10 (BusinessDesk) - Turners Limited, the listed finance lender taken over by Dorchester Pacific last year, has acquired the first of a number of small insurance companies as it looks to triple the size of its insurance business over the next ... More >>
NZ bank profits fall slightly in December quarter: KPMG
Friday, 10 April 2015, 9:14 am | BusinessDesk
April 9 (BusinessDesk) - New Zealand bank profits fell slightly in the December quarter from the record results in the previous quarter even as their net interest margins – the difference between the interest they generate and what they pay out to lenders ... More >>
NZ dollar gains vs. euro; Greek payment fails to lift euro
Friday, 10 April 2015, 9:08 am | BusinessDesk
April 10 (BusinessDesk) - The New Zealand dollar gained against the euro, which fell through key support levels against the greenback even after Greece honoured its commitment to make a 450 million euro repayment to the International Monetary Fund. More >>
While you were sleeping: European stocks rise to record
Friday, 10 April 2015, 7:31 am | BusinessDesk
April 10 (BusinessDesk) - European stocks rose, pushing a regional equity benchmark to a record high, after better-than-expected data from Germany and after Greece said it made a key payment to the International Monetary Fund. More >>
NZ dollar little changed after mixed Fed signals
Thursday, 9 April 2015, 5:50 pm | BusinessDesk
April 9 (BusinessDesk) - The New Zealand dollar was little changed in the face of a lack of local economic data and after minutes of the last US Federal Reserve policy meeting showed members divided about the timing of interest rate hikes. More >>
FMA found nothing untoward in SkyCity share trading
Thursday, 9 April 2015, 5:45 pm | BusinessDesk
April 9 (BusinessDesk) - The Financial Markets Authority says it found nothing of concern in trading of SkyCity Entertainment Group shares ahead of the government saying it wouldn't provide extra funding for Auckland's convention centre. More >>
