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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 838]
AMP nabs FMA's compliance head Elaine Campbell
Tuesday, 17 March 2015, 4:27 pm | BusinessDesk
March 17 (BusinessDesk) - AMP, the insurance and wealth management group, has hired Financial Market Authority head of compliance Elaine Campbell as its New Zealand legal counsel. More >>
UPDATE: Allan Gray says APN selldown reflects gain in shares
Tuesday, 17 March 2015, 3:05 pm | BusinessDesk
March 17 (BusinessDesk) - Allan Gray Australia says it cut its stake in APN New & Media because the share price had risen. More >>
Allan Gray reduces stake in APN News & Media
Tuesday, 17 March 2015, 12:24 pm | BusinessDesk
March 17 (BusinessDesk) - The Australian fund that helped force a boardroom shakeout at APN News & Media has reduced its stake in the group after earlier selling down its holding in rival Fairfax Media. More >>
Moa sees full-year loss similar to 2014's $5.8 mln
Tuesday, 17 March 2015, 12:05 pm | BusinessDesk
Moa sees full-year loss similar to 2014's $5.8 mln, recovery in 2016 More >>
RESEND: NZX says on track to become global dairy futures hub
Tuesday, 17 March 2015, 11:43 am | BusinessDesk
RESEND: NZX milestone 200k of dairy derivative trades shows it's on track to be 'global dairy hub' More >>
NZX says on track to become global dairy futures hub
Tuesday, 17 March 2015, 11:12 am | BusinessDesk
NZX milestone 200k of dairy derivative trades shows it's on track to be 'global dairy hub' More >>
Joan Withers named chair of Television New Zealand
Tuesday, 17 March 2015, 9:43 am | BusinessDesk
March 17 (BusinessDesk) - Professional director Joan Withers has been named chair of Television New Zealand, replacing Wayne Walden. More >>
Fonterra loses of Asia Pacific, Middle East, Africa unit
Tuesday, 17 March 2015, 8:59 am | BusinessDesk
March 17 (BusinessDesk) - Fonterra Cooperative Group's managing director of its Asia Pacific, Middle East and Africa business unit, Pascal De Petrini, has resigned with immediate effect to take up a role with his former company and Fonterra arch competitor, ... More >>
NZ dollar rises against Aussie dollar ahead of RBA minutes
Tuesday, 17 March 2015, 8:30 am | BusinessDesk
March 17 (BusinessDesk) - The New Zealand dollar rose to its highest in more than a week against the Australian dollar as traders await the release of the minutes for the last Reserve Bank of Australia meeting for clues on whether more interest ... More >>
While you were sleeping: Weak data quell rate rise fear
Tuesday, 17 March 2015, 7:27 am | BusinessDesk
March 17 (BusinessDesk) - Wall Street advanced as weaker-than-expected data on US manufacturing and the housing industry bolstered hopes the Federal Reserve might affirm that it remains in no rush to start lifting interest rates. More >>
Fonterra says $755M price for Beingmate stake is good value
Monday, 16 March 2015, 6:21 pm | BusinessDesk
March 16 (BusinessDesk) - Fonterra Cooperative Group said the $755 million price tag for 18.8 percent of Shenzen-listed Beingmate Baby & Child Food represents good value and will deliver long-term value to the world’s largest dairy exporter. More >>
MARKET CLOSE: NZ shares rise; Fletcher gains
Monday, 16 March 2015, 5:48 pm | BusinessDesk
March 16 (BusinessDesk) - New Zealand shares rose, paced by Fletcher Building, as investors were drawn to companies that have under-performed the benchmark index while eschewing those that led its recent rallies, including Meridian Energy and MightyRiverPower. More >>
Kiwi hits new record against euro, may extend gains
Monday, 16 March 2015, 5:17 pm | BusinessDesk
March 16 (BusinessDesk) - The New Zealand dollar reached its highest level ever against the euro in what may be the first of more peaks as the euro falls foul of the European Central Bank's bond-buying programme. More >>
Fonterra buys 18.8% of Beingmate for about $755 million
Monday, 16 March 2015, 4:20 pm | BusinessDesk
March 16 (BusinessDesk) - Fonterra Cooperative Group, the world’s largest dairy exporter, has acquired 18.8 percent of Shenzen-listed Beingmate Baby & Child Food, falling short of the stake of up to 20 percent it was seeking in a partial ... More >>
NZ apple growers help transform India's apple industry
Monday, 16 March 2015, 3:43 pm | BusinessDesk
March 16 (BusinessDesk) - Pipfruit New Zealand, the pipfruit growers' organisation, is working on a plan to help revitalise a key part of India’s declining apple industry with the long-term aim of having a tariff-free window for Kiwi apple exports More >>
NZ economic growth to slowly come off boil in next 3 years
Monday, 16 March 2015, 2:35 pm | BusinessDesk
March 16 (BusinessDesk) - New Zealand economic growth will slow over the next three years, while maintaining a "solid" pace, according to the NZ Institute of Economic Research's consensus forecasts. More >>
RESEND: Lion NZ full-year net profit falls 20%
Monday, 16 March 2015, 12:09 pm | BusinessDesk
RESEND: Lion NZ full-year net profit falls 20% as drinkers seek quality over quantity More >>
Apple lifts FY profit by 44% on currency gain; sales steady
Monday, 16 March 2015, 12:01 pm | BusinessDesk
March 16 (BusinessDesk) - Apple Sales New Zealand, the local unit of the iPad and iPod maker, increased annual profit by 44 percent, on largely unchanged sales, as it benefited from a gain on its currency positions. More >>
NZ companies need scale to tackle Indian market: Nilekani
Monday, 16 March 2015, 11:52 am | BusinessDesk
NZ companies told they need more scale to tap into India's fast-growing economy More >>
Lion NZ full-year profit falls 6.3%
Monday, 16 March 2015, 11:42 am | BusinessDesk
March 16 (BusinessDesk) - Lion - Beer, Spirits & Wine (NZ) Ltd , which has 46 percent of the New Zealand market and is owned by Japan's Kirin Holdings, is making less money in the domestic market as alcohol drinkers opt for quality over quantity. More >>
