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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 828]
MARKET CLOSE: NZ shares fall, led by Meridian; Fliway drops
Thursday, 9 April 2015, 5:43 pm | BusinessDesk
April 9 (BusinessDesk) - New Zealand shares fell in today's trading led by Meridian Energy as its installment fee came due. Fliway Group dropped below its offer price in its debut on the NZX. More >>
NZ still has 'rock star economy', says HBSC's Bloxham
Thursday, 9 April 2015, 5:02 pm | BusinessDesk
April 9 (BusinessDesk) - HSBC chief economist Paul Bloxham, who first coined the phrase ‘rock star’ in January last year to describe New Zealand’s economic growth, says it’s still a rock star despite lower dairy prices and slower growth ... More >>
Sanford looks to lay off 232 staff at Chch mussel plant
Thursday, 9 April 2015, 1:47 pm | BusinessDesk
April 9 (BusinessDesk) - Sanford, New Zealand's largest listed fishing group, is in consultations with 232 staff who look likely to lose their jobs at the company’s Christchurch mussel processing plant due to a shortage of natural spat supply. More >>
UPDATE: Fliway falls 2.6% after IPO that raised $34 mln
Thursday, 9 April 2015, 12:19 pm | BusinessDesk
April 8 (BusinessDesk) - Fliway Group shares fell 2.6 percent in early trading on the NZX, after the transport and logistics company's $34 million initial public offering, marking the first listing on the bourse for 2015. More >>
CORRECT: Air NZ, Aimia buy Waikato University spinoff 11Ants
Thursday, 9 April 2015, 11:35 am | BusinessDesk
April 8 (BusinessDesk) - Air New Zealand and Canadian marketing and loyalty analytics company Aimia have bought Waikato University spinoff 11Ants Analytics for an undisclosed sum. More >>
Fliway edges up 1.7% in NZX debut
Thursday, 9 April 2015, 11:06 am | BusinessDesk
April 8 (BusinessDesk) - Fliway Group shares rose 1.7 percent in their debut on the NZX, after the transport and logistics company's $34 million initial public offering, marking the first listing on the bourse for 2015. More >>
Michael Hill says weak Australian market weighs on FY result
Thursday, 9 April 2015, 9:46 am | BusinessDesk
April 9 (BusinessDesk) - Michael Hill International, the listed jewellery retailer, says a drop in same store-sales in its biggest market of Australia in the first nine months will put pressure on its full-year result. More >>
Nuplex beefs up investment plans across Asia
Thursday, 9 April 2015, 9:31 am | BusinessDesk
April 9 (BusinessDesk) – Nuplex Industries, the specialty chemicals manufacturer, is exploring more investment opportunities across Asia, having shifted its businesses away from the firm’s traditional markets in Australia and New Zealand. More >>
NZ dollar little changed vs. USD on Fed divided opinion
Thursday, 9 April 2015, 9:20 am | BusinessDesk
April 9 (BusinessDesk) - The New Zealand dollar was little changed after minutes of the last US Federal Reserve policy meeting showed members divided about the timing of rate hikes, while weak European data helped lift the kiwi against the euro. More >>
NZ primary industry firms open Chinese marketing office
Thursday, 9 April 2015, 9:16 am | BusinessDesk
April 10 (BusinessDesk) – A group of New Zealand primary sector firms has opened a joint marketing office in Shanghai, completing a three-year gestation to make life easier in breaking into the world’s second biggest economy. More >>
Air NZ and Canada's Aimia buy Waikato University's 11Ants
Thursday, 9 April 2015, 8:38 am | BusinessDesk
April 8 (BusinessDesk) - Air New Zealand and Canadian marketing and loyalty analytics company Aimia have bought Waikato University spinoff 11Ants Analytics for an undisclosed sum. More >>
While you were sleeping: Fed divided on rates
Thursday, 9 April 2015, 7:26 am | BusinessDesk
April 9 (BusinessDesk) - Wall Street moved higher, while US Treasuries fell after Federal Reserve minutes from last month’s meeting showed policy makers couldn’t agree over whether to raise interest rates in June. More >>
MARKET CLOSE: NZ shares rise, paced by Summerset
Wednesday, 8 April 2015, 5:40 pm | BusinessDesk
April 8 (BusinessDesk) - New Zealand shares rose, paced by Summerset Group Holdings and Ryman Healthcare as investors bought into retirement village operators. Fonterra Shareholders Fund dropped to a record low, as investors mulled the outlook for the ... More >>
NZ dollar revives ahead of Fed minutes
Wednesday, 8 April 2015, 5:29 pm | BusinessDesk
April 8 (BusinessDesk) - The New Zealand dollar gained ahead of the release of minutes of the March 17-18 Federal Open Market Committee on speculation they will echo the tone of Fed officials at the time pointing to a slightly softer track for the US ... More >>
NZ Rugby full-year profit shrinks by 86% as costs rise
Wednesday, 8 April 2015, 3:27 pm | BusinessDesk
April 8 (BusinessDesk) - New Zealand Rugby's annual profit dropped about 86 percent as the national sports administrator's costs grew faster than its income. More >>
Weldon resigns from Diligent board leaving compliance gap
Wednesday, 8 April 2015, 11:10 am | BusinessDesk
April 8 (BusinessDesk) - Mark Weldon, former NZX chief excecutive, has resigned as a director of Diligent Board Member Services, effective tomorrow, leaving the governance software developer temporarily in breach of NZX listing rules. More >>
NZ dollar falls after stronger US labour market data
Wednesday, 8 April 2015, 9:10 am | BusinessDesk
April 8 (BusinessDesk) - The New Zealand dollar fell after US economic data including job openings suggested the labour market in the world's biggest economy isn't as weak as implied by non-farm payrolls figures last week. More >>
Callaghan Innovation offers $50,000 drone competition prize
Wednesday, 8 April 2015, 7:23 am | BusinessDesk
April 7 (BusinessDesk) - Government-funded Callaghan Innovation has launched a competition with $50,000 up for grabs to develop unmanned aerial vehicle (UAV) technology for the film and screen industry. More >>
While you were sleeping: More cold water on US rates
Wednesday, 8 April 2015, 7:16 am | BusinessDesk
April 8 (BusinessDesk) - Wall Street gained after a Federal Reserve official suggested policy makers should be “extraordinarily patient” in lifting interest rates. More >>
MARKET CLOSE: NZ shares rise; Summerset gains on 1Q sales
Tuesday, 7 April 2015, 5:40 pm | BusinessDesk
April 7 (BusinessDesk) - New Zealand shares rose, paced by Summerset Group Holdings after it posted record first quarter sales. SkyCity Entertainment Group and A2 Milk Co fell as the strong kiwi dollar weighed on stocks with trans-Tasman exposure. More >>
