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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 837]
MARKET CLOSE: NZ shares fall, led by Steel & Tube
Wednesday, 18 March 2015, 5:46 pm | BusinessDesk
March 18 (BusinessDesk) - New Zealand shares fell, led by Steel & Tube Holdings, as investors took advantage if recent market gains to reduce their holdings. Spark New Zealand, Contact Energy and Meridian Energy paced the decline. More >>
Fliway IPO priced at $1.20 in bookbuild, people say
Wednesday, 18 March 2015, 4:57 pm | BusinessDesk
March 18 (BusinessDesk) - Fliway Group, the transport and logistics company, has been priced at $1.20 a share in the bookbuild for its initial public offering, the bottom end of the indicative range, people say. More >>
NZ bank profits to stay strong but risks seen, S&P says
Wednesday, 18 March 2015, 3:30 pm | BusinessDesk
March 18 (BusinessDesk) - A resurgence in property prices means LVR 'speed limits' are like to stay in place, Standard & Poor's says in a report that predicts banks will continue to post strong earnings growth while trading in the shadow of a "heightened ... More >>
NZ has a "two-speed" economy, Moody's Analytics says
Wednesday, 18 March 2015, 2:29 pm | BusinessDesk
March 18 (BusinessDesk) - New Zealand has a "two-speed" economy as strong domestic demand cushions a weaker export sector, according to Moody's Analytics. More >>
New patents and publicity for Pacific Edge
Wednesday, 18 March 2015, 1:36 pm | BusinessDesk
March 18 (BusinessDesk) - Pacific Edge, the Dunedin-based developer of technology to detect cancer, says it has new patents and its technology will soon feature in a medical journal. More >>
$54M Southland dairy business on the market
Wednesday, 18 March 2015, 1:32 pm | BusinessDesk
March 18 (BusinessDesk) - Kees Zeestraten, a dairy farmer who helped drive the push for intensive farming in Canterbury's Mackenzie country, has put a Southland farming business up for sale with a price tag of $54 million, aiming to put the funds into ... More >>
Fairfax Media rolls out new newsroom model
Wednesday, 18 March 2015, 1:23 pm | BusinessDesk
March 18 (BusinessDesk) - March 18 (BusinessDesk) - Fairfax Media New Zealand is rolling out a new model for its newsrooms nationwide and regional newspaper editors are disappearing in favour of regional editorial managers based in Auckland, Wellington ... More >>
Fonterra offers premium, rolling contracts to organic dairy
Wednesday, 18 March 2015, 1:14 pm | BusinessDesk
March 18 (BusinessDesk) - Fonterra Cooperative Group is paying its organic dairy producers a 45 cents per kilogram of milk solids premium to boost supply amid growing demand. More >>
NZ wool to warm Danish feet in $1.5M slipper deal
Wednesday, 18 March 2015, 12:49 pm | BusinessDesk
March 18 (BusinessDesk) - Glerups, the Danish woollen slipper maker, has contracted New Zealand wool growers to provide the majority of its fibre for the next two years, in a deal worth about $1.5 million. More >>
Tower names Seniors Money's Brett Wilson as CFO
Wednesday, 18 March 2015, 11:54 am | BusinessDesk
March 18 (BusinessDesk) - Tower, the listed general insurer, named Brett Wilson as chief financial officer, following the departure of Michael Boggs last month. More >>
Faint praise from industry body for 'Fonterra for meat' plan
Wednesday, 18 March 2015, 11:25 am | BusinessDesk
March 18 (BusinessDesk) - The industry body that helped fund a major study to reform the red meat sector has damned with faint praise the resulting report from the Meat Industry Excellence initiative, saying it overstates the problems in the industry ... More >>
AgResearch restructuring needs an update, says auditor
Wednesday, 18 March 2015, 11:14 am | BusinessDesk
March 18 (BusinessDesk) - Auditor-General Lyn Provost says more work needs to be done on the business case for a $100 million restructuring of AgResearch, New Zealand's largest Crown Research Institute. More >>
NZ current account deficit widens in 4th-qtr
Wednesday, 18 March 2015, 10:55 am | BusinessDesk
March 18 (BusinessDesk) - New Zealand’s current account deficit widened in the fourth quarter, pushing the annual gap to 3.3 percent of gross domestic product, as a growing economy helped foreign companies earn more from local investments. More >>
Wynyard adds senior former FBI official to its board
Wednesday, 18 March 2015, 10:00 am | BusinessDesk
March 18 (BusinessDesk) - Wynyard Group, the security software developer used by law enforcement officials, have hired Louis Grever, a former senior official at the US Federal Bureau of Investigation, to its board. More >>
Crown Irrigation considers further irrigation investments
Wednesday, 18 March 2015, 9:14 am | BusinessDesk
March 17 (BusinessDesk) - Crown Irrigation Investments, set up as a bridging financier for irrigation schemes, says it is keen to be part of the second stage of Canterbury's Central Plains Water. More >>
NZ dollar falls after prices decline at global dairy auction
Wednesday, 18 March 2015, 8:38 am | BusinessDesk
March 18 (BusinessDesk) - The New Zealand dollar fell, after dairy product prices dropped 8.8 percent in the latest GlobalDairyTrade auction, on concern weaker prices for the country's largest commodity export could dent future economic growth. More >>
While you were sleeping: Wall Street falls as Fed gathers
Wednesday, 18 March 2015, 8:04 am | BusinessDesk
March 18 (BusinessDesk) - Wall Street fell as US Federal Reserve policy makers began a two-day meeting that will offer fresh clues about the timing of an increase in interest rates. More >>
Dairy product prices drop as supply concern eases
Wednesday, 18 March 2015, 6:36 am | BusinessDesk
March 18 (BusinessDesk) - Dairy product prices dropped in the latest GlobalDairyTrade auction amid expectations that the supply of milk powder will not be as constrained as previously thought. More >>
MARKET CLOSE: NZ shares fall; Meridian, MRP, Genesis decline
Tuesday, 17 March 2015, 5:34 pm | BusinessDesk
March 17 (BusinessDesk) - New Zealand shares fell, paced by MightyRiverPower, Meridian Energy and Genesis Energy, as investors booked profits on companies that have driven the NZX 50 Index to record highs. Kathmandu Holdings rose ahead of its first-half ... More >>
NZ dollar gains vs. Australian dollar on RBA rate view
Tuesday, 17 March 2015, 5:15 pm | BusinessDesk
NZ dollar gains vs. Australian dollar on RBA rate view, as dairy auction, Fed awaited More >>
