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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 831]
NZ business confidence rises to 7-month high in March
Tuesday, 31 March 2015, 1:51 pm | BusinessDesk
March 31 (BusinessDesk) - New Zealand business confidence rose to a seven-month high in March, led by improved sentiment in the agricultural sector. More >>
Anzco 2014 profit falls after taking control of Five Star
Tuesday, 31 March 2015, 12:52 pm | BusinessDesk
March 31 (BusinessDesk) - Anzco Foods, New Zealand's third-largest meat company, said profit halved in 2014, a year in which it bought out shareholder Itoham Foods' half stake in the nation's only large-scale cattle feedlot. More >>
NZX's SuperLife lifts Energy Mad stake to 45.6%
Tuesday, 31 March 2015, 11:40 am | BusinessDesk
NZX's SuperLife lifts Energy Mad stake to 45.6% with $2.2M rights offer underwrite More >>
NZ building consents fall for a third month in February
Tuesday, 31 March 2015, 11:28 am | BusinessDesk
March 31 (BusinessDesk) - New Zealand residential building consents declined for a third month in February, as the pace of new home building slowed. More >>
PAYE for NZ firms proposed in biggest tax shake-up since '57
Tuesday, 31 March 2015, 11:08 am | BusinessDesk
March 31 (BusinessDesk) - The government is floating the idea of businesses paying their tax on a pay-as-you-go (PAYE) basis, like individual taxpayers, in the biggest proposed shake-up of one of the building blocks of the income tax system since its ... More >>
Fonterra 'holding its own' as farmers eye alternatives
Tuesday, 31 March 2015, 11:06 am | BusinessDesk
Fonterra says it's holding its own in Canterbury as farmer suppliers look to new processors More >>
Appeal Court rejects MTF Sportzone appeal over credit fee
Tuesday, 31 March 2015, 10:05 am | BusinessDesk
March 31 (BusinessDesk) - The Court of Appeal has dismissed an appeal by Motor Trade Finance and Sportzone Motorcyles over breaches of the Credit Contracts & Consumer Finance Act and the Fair Trading Act. More >>
Kirkcaldie taps former chief Shewell as acting CEO while hun
Tuesday, 31 March 2015, 9:56 am | BusinessDesk
March 31 (BusinessDesk) - Kirkcaldie & Stains, the upscale Wellington department store, named former managing director Philip Shewell as acting chief executive while it searches for a replacement for John Milford. More >>
NZ dollar charts record high vs. Australian dollar
Tuesday, 31 March 2015, 8:45 am | BusinessDesk
NZ dollar charts record high vs. Australian dollar on RBA rate cut talk, weak iron ore More >>
While you were sleeping: Stocks rally amid deals
Tuesday, 31 March 2015, 7:51 am | BusinessDesk
March 31 (BusinessDesk) - Equities rallied amid a flurry of corporate takeovers as well as comments from China’s central bank governor that the government plans to bolster the economy and stoke inflation. More >>
NZers see benefits from closer economic ties with Asia
Tuesday, 31 March 2015, 7:39 am | BusinessDesk
March 31 (BusinessDesk) - New Zealanders see positive spin-offs coming from the nation’s growing economic ties across Asia, although they have become wary of investment from the region, which has been blamed for pushing up house prices in Auckland. More >>
Mark Powell to depart Warehouse by Feb 2016 after 4 years
Monday, 30 March 2015, 5:53 pm | BusinessDesk
March 30 (BusinessDesk) - Mark Powell will step down as chief executive of Warehouse Group by February 2016 after 14 years, the last four as chief executive that saw him revamp the retailer's so-called 'Red Sheds' and steer its online strategy. More >>
NZ dollar slips ahead of dairy auction, US payrolls
Monday, 30 March 2015, 5:35 pm | BusinessDesk
March 30 (BusinessDesk) - The New Zealand dollar fell ahead of key US manufacturing and employment reports, and before a dairy auction where buyers will have to absorb increased volumes of milk powder on offer. More >>
REFILE: MARKET CLOSE: NZ shares follow ASX lower
Monday, 30 March 2015, 5:34 pm | BusinessDesk
March 30 (BusinessDesk) - New Zealand shares fell paced by Xero, Spark New Zealand and other dual listed stocks as investors across the Tasman sold off stocks after a major capital raising. Meridian Energy fell ahead of its instalment receipt coming ... More >>
MARKET CLOSE: NZX follows ASX lower, paced by Spark, Xero
Monday, 30 March 2015, 5:19 pm | BusinessDesk
March 30 (BusinessDesk) - New Zealand shares fell paced by Xero, Spark New Zealand and other dual listed stocks as investors across the Tasman sold off stocks after a major capital raising. Meridian Energy fell ahead of its instalment receipt coming ... More >>
Update: Synlait falls 12% on first-half loss; lower guidance
Monday, 30 March 2015, 1:56 pm | BusinessDesk
March 30 (BusinessDesk) - Shares of Synlait Milk, which has taken a cornerstone stake in Sichuan New Hope Nutritional Foods Co to gain direct interest in a Chinese infant formula brand, fell as much as 12 percent after the dairy company turned in a first-half ... More >>
NZ employment confidence rises with optimism about earnings
Monday, 30 March 2015, 10:46 am | BusinessDesk
March 30 (BusinessDesk) - New Zealanders have become more confident about the labour market and confident they'll be able to earn more in a growing economy. More >>
NZ dollar may sink to 70 cts in 2015: BusinessDesk survey
Monday, 30 March 2015, 10:45 am | BusinessDesk
NZ dollar may sink to 70 US cents in 2015 on resurgent greenback: BusinessDesk survey More >>
Synlait shares fall 12% after posting a first-half loss
Monday, 30 March 2015, 10:44 am | BusinessDesk
March 30 (BusinessDesk) - Shares of Synlait Milk, the dairy company which has taken a cornerstone stake in Sichuan New Hope Nutritional Foods Co to gain direct interest in a Chinese infant formula brand, fell 12 percent after it turned to a loss in the ... More >>
NZ puts seven new oil and gas areas put up for tender
Monday, 30 March 2015, 10:32 am | BusinessDesk
March 30 (BusinessDesk) - A total of seven new areas will be opened up to oil and gas exploration under its block offer tendering system, as the New Zealand government seeks to concentrate activity in a few strategically chosen areas. More >>
