Scoop has an Ethical Paywall
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 834]
Kiwifruit growers give mandate for change
Tuesday, 24 March 2015, 3:28 pm | BusinessDesk
March 24 (BusinessDesk) - Interim results show more than 90 percent of New Zealand kiwifruit growers support a new blueprint for the industry though one grower, who this month raised concerns about a Zespri junket for international visitors, claims ... More >>
UPDATE: Kathmandu slows pace of store openings after loss
Tuesday, 24 March 2015, 1:26 pm | BusinessDesk
March 24 (BusinessDesk) - Kathmandu Holdings, which operates 157 outdoor clothing and equipment outlets, is pulling back the pace of new store openings after aggressive price discounting slashed its margin in Australia and resulted in a first-half loss. More >>
ComCom clears Wilson’s acquisition of rival’s parking assets
Tuesday, 24 March 2015, 12:09 pm | BusinessDesk
March 24 (BusinessDesk) - The Commerce Commission has found Wilson Parking New Zealand’s 2013 acquisition of a rival’s parking assets hasn't substantially crimped competition and deemed that public transport will keep a lid on any price hikes. More >>
Kathmandu slows pace of store openings after first-half loss
Tuesday, 24 March 2015, 10:57 am | BusinessDesk
March 24 (BusinessDesk) - Kathmandu Holdings, which operates 157 outdoor clothing and equipment outlets, is pulling back the pace of new store openings after aggressive price discounting slashed its margin in Australia and resulted in a first-half loss. More >>
US BlackRock takes 5% stake in Fletcher Building
Tuesday, 24 March 2015, 10:24 am | BusinessDesk
March 24 (BusinessDesk) - US fund manager BlackRock, which manages more than US$4.7 trillion in assets worldwide, has built up a 5 percent stake in Fletcher Building. More >>
MRP will close Southdown station at the end of 2015
Tuesday, 24 March 2015, 9:37 am | BusinessDesk
March 24 (BusinessDesk) - MightyRiverPower, whose first half earnings slumped as it wrote down the value of assets and exited its international geothermal interests, said its gas-fired Southdown power station will close at the end of the year in response ... More >>
Bohannan resigns from Bathurst Resources
Tuesday, 24 March 2015, 9:34 am | BusinessDesk
March 24 (BusinessDesk) - Hamish Bohannan has resigned from Bathurst Resources after five years leading a coal miner whose expansion has been put on hold pending a recovery in coal prices. More >>
NZ dollar hits new record against Aussie
Tuesday, 24 March 2015, 8:48 am | BusinessDesk
March 24 (BusinessDesk) - The New Zealand dollar touched a new record against the Australian dollar overnight, renewing speculation about the possibility of parity, as investors are lured to New Zealand's better growth prospects and higher yields. More >>
While you were sleeping: Mixed markets, weak dollar
Tuesday, 24 March 2015, 7:22 am | BusinessDesk
March 24 (BusinessDesk) - Wall Street mostly moved higher, as the US dollar fell, amid expectations the Federal Reserve will lift interest rates more gradually than initially thought. More >>
UPDATE: RAM liquidators seek $954,000 clawback
Monday, 23 March 2015, 6:14 pm | BusinessDesk
March 23 (BusinessDesk) - Liquidators of the Ross Asset Management group of companies, found to be a Ponzi scheme, are looking to claw back $954,000 one investor withdrew before the scheme collapsed, in the first of three test cases. More >>
MARKET CLOSE: NZ shares mixed; Spark gains, Kathmandu falls
Monday, 23 March 2015, 6:02 pm | BusinessDesk
March 23 (BusinessDesk) - New Zealand shares were mixed, with the benchmark index rising but more stocks in decline. Spark New Zealand led gainers while Kathmandu fell ahead of the release of the retailer's first-half earnings tomorrow. More >>
NZOG closes in on 50% of Cue Energy
Monday, 23 March 2015, 5:49 pm | BusinessDesk
March 23 (BusinessDesk) - New Zealand Oil & Gas has lifted its stake in Melbourne-based Cue Energy Resources to 41.55 percent amid signs it has picked up the 12 percent of Cue owned by Zeta Resources, a vehicle associated with NZOG director Duncan Saville. More >>
NZ dollar rises to new records vs. euro and Aussie
Monday, 23 March 2015, 5:32 pm | BusinessDesk
March 23 (BusinessDesk) - The New Zealand dollar rose to a new record against the euro ahead of a key meeting between Greek Prime Minister Alexis Tsipras and German chancellor Angela Merkel, who are at odds over terms of Greece's bailout, and produced ... More >>
Lightbox drops price on Netflix launch
Monday, 23 March 2015, 4:58 pm | BusinessDesk
March 23 (BusinessDesk) - Spark’s online television service Lightbox has responded to tomorrow's arrival of newcomer Netflix in the New Zealand market by dropping its monthly pricing from $15 to $12.99 for new and existing customers immediately. More >>
NZ-Korea FTA signed amid spying, lost sovereignty claims
Monday, 23 March 2015, 4:55 pm | BusinessDesk
March 23 (BusinessDesk) - A long-awaited free trade agreement between New Zealand and South Korea has been signed in Seoul by Prime Minister John Key and the Korean president, Park Geun-hye. More >>
Rabobank NZ profit rises 31% to record
Monday, 23 March 2015, 4:44 pm | BusinessDesk
March 23 (BusinessDesk) - Rabobank New Zealand said profit rose 31 percent to a record in 2014 as the local unit of Netherlands-based Rabobank Group increased rural sector lending and kept costs under control. More >>
Auckland to Beijing direct as Air NZ, China Air tie up
Monday, 23 March 2015, 4:18 pm | BusinessDesk
March 23 (BusinessDesk) - Air New Zealand and China Air have agreed a new alliance that will deliver daily direct flights between Auckland and the Chinese capital, Beijing, for the first time. More >>
NZ export log prices record first drop in eight months
Monday, 23 March 2015, 4:00 pm | BusinessDesk
March 23 (BusinessDesk) - New Zealand export log prices dropped for the first time in eight months as shipments to China, the nation's largest market, exceed demand, resulting in a build up of inventory on Chinese ports. More >>
2degrees unlikely to shake up landline prices: commentators
Monday, 23 March 2015, 2:21 pm | BusinessDesk
March 23 (BusinessDesk) - 2degrees' purchase of internet service provider Snap, which gives it a foothold in the landline market, is unlikely to deliver a big shake-up in prices and it may also need to partner with a subscription video on demand service ... More >>
Ross Asset liquidators in first test case to claw back funds
Monday, 23 March 2015, 2:05 pm | BusinessDesk
March 23 (BusinessDesk) - Liquidators of the Ross Asset Management group of companies, found to be a ponzi scheme, are looking to claw back $954,000 one investor withdrew before the scheme collapsed, in the first of three test cases. More >>
