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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 830]
F&P Appliances records surge in global sales, loss narrows
Thursday, 2 April 2015, 11:21 am | BusinessDesk
April 2 (BusinessDesk) - Fisher & Paykel Appliances, the Auckland-based manufacturer and consumer credit company owned by China's Haier Group, narrowed its full-year loss in 2014 after sales growth across all its markets drove a 46 percent gain in ... More >>
Aussie firm to buy Spark's international voice business
Thursday, 2 April 2015, 11:12 am | BusinessDesk
ASX-listed My Net Phone to buy Spark's international voice business for $22.4M More >>
Mowbray sells stamp businesses to outgoing chief executive
Thursday, 2 April 2015, 9:51 am | BusinessDesk
April 2 (BusinessDesk) - Mowbray Collectables, the unprofitable listed auction house business, has sold its stamps, coins and bank notes collectables business to outgoing chief executive John Mowbray in a bid to return to profitability. More >>
NZ dollar recovers on weaker greenback, despite dairy fall
Thursday, 2 April 2015, 8:40 am | BusinessDesk
April 2 (BusinessDesk) - The New Zealand dollar rebounded from overnight weakness as prices fell in the latest GlobalDairyTrade auction, with softer US data weighing on the greenback. More >>
While you were sleeping: US jobs disappoint
Thursday, 2 April 2015, 8:17 am | BusinessDesk
April 2 (BusinessDesk) - US equities slid after a private jobs report showed slower-than-expected growth, prompting concern that the economy might not be a strong as previously thought. More >>
Dairy product prices slide on supply concerns
Thursday, 2 April 2015, 7:20 am | BusinessDesk
April 2 (BusinessDesk) - Dairy product prices declined in the latest GlobalDairyTrade auction, led by a slump in prices for butter milk powder and whole milk powder, amid concern about an increase in supply. More >>
MARKET CLOSE: NZ shares rise, led by A2, Spark rebounds
Wednesday, 1 April 2015, 5:37 pm | BusinessDesk
April 1 (BusinessDesk) - New Zealand shares rose, led by A2 Milk Co on its plans for US expansion. Spark New Zealand advanced as investors returned to yield-paying stocks. More >>
NZ dollar slips vs. Australian dollar, yen ahead of GDT
Wednesday, 1 April 2015, 5:25 pm | BusinessDesk
April 1 (BusinessDesk) - The New Zealand dollar fell against the Australian dollar and the yen ahead of the latest GlobalDairyTrade auction overnight, on speculation prices will fall for a second straight sale amid increased supply of milk powder. More >>
Scion follows Flirtey in trialling new drone technologies
Wednesday, 1 April 2015, 4:45 pm | BusinessDesk
April 1 (BusinessDesk) - Forestry crown research institute Scion will next month trial the use of drones for use in forestry management and hopes to be an early adopter of imminent rule changes allowing them to be flown beyond line of sight. More >>
MYOB IPO and ASX listing unlikely to weigh on Xero: ForBarr
Wednesday, 1 April 2015, 1:41 pm | BusinessDesk
April 1 (BusinessDesk) - The arrival of MYOB Group, the Australian accounting software firm, on the Australian Stock Exchange is unlikely to weigh on the dual-listed rival Xero's share price, says and analyst for sharebroking firm Forsyth Barr. More >>
RESEND: Datacom wins A$242M Australian health contract
Wednesday, 1 April 2015, 1:22 pm | BusinessDesk
April 1 (BusinessDesk) - Auckland-based IT services firm Datacom has won a A$242 million contract to provide infrastructure and support services to the Australian federal Department of Health following what the company says was a "fiercely ... More >>
Datacom wins $242M Australian federal health IT contract
Wednesday, 1 April 2015, 1:16 pm | BusinessDesk
April 1 (BusinessDesk) - Auckland-based IT services firm Datacom has won a $242 million contract to provide infrastructure and support services to the Australian federal Department of Health following what the company says was a "fiercely competitive ... More >>
F&P Finance mulls future of Equipment Finance unit
Wednesday, 1 April 2015, 12:44 pm | BusinessDesk
April 1 (BusinessDesk) - Fisher & Paykel Finance, the finance company owned by China's Haier Group, may transfer its Equipment Finance Ltd (EFL) unit to its immediate parent in a further restructuring of the charging group after changes including ... More >>
NZ property values rise at fastest pace in 9 months in March
Wednesday, 1 April 2015, 12:10 pm | BusinessDesk
April 1 (BusinessDesk) - New Zealand residential property values climbed at the fastest pace in nine months in March, led by strong demand in Auckland. More >>
Diligent names Brian Stafford as CEO, replacing Sodi
Wednesday, 1 April 2015, 9:38 am | BusinessDesk
Diligent names Brian Stafford as new CEO; Sodi to focus on product design and development More >>
Regulator to review UBA standard
Wednesday, 1 April 2015, 9:27 am | BusinessDesk
April 1 (BusinessDesk) - The Commerce Commission is to review the terms under which Chorus offers unbundled bitstream access (UBA) to retail telecommunications companies that sell internet services over its copper network. More >>
NZ dollar holds steady against greenback
Wednesday, 1 April 2015, 8:43 am | BusinessDesk
April 1 (BusinessDesk) - The New Zealand dollar held steady against the US dollar after both countries saw gains in confidence surveys, signalling a positive outlook for their economies. More >>
While you were sleeping: Stocks move lower
Wednesday, 1 April 2015, 8:10 am | BusinessDesk
April 1 (BusinessDesk) - Wall Street moved lower, though it remained on track to post an advance for the first quarter of 2015, bolstered by a US economy that by and large continues to accelerate. More >>
MARKET CLOSE: NZ shares rise, led by A2 on ASX debut
Tuesday, 31 March 2015, 5:34 pm | BusinessDesk
March 31 (BusinessDesk) - New Zealand shares rose after A2 Milk Co debuted on the ASX. Warehouse Group, Genesis Energy and Metlifecare declined as the companies gave up rights to dividends. More >>
NZ dollar holds above 98 Australian cents
Tuesday, 31 March 2015, 5:30 pm | BusinessDesk
March 31 (BusinessDesk) - The New Zealand dollar held above 98 Australian cents, having earlier touched a post-float high, as the slumping price of iron ore stoked bets the Reserve Bank of Australia will cut interest rates next week to revive a ... More >>
