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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 842]
UPDATE: 1080 threat to dairy products investigated since Nov
Tuesday, 10 March 2015, 4:47 pm | BusinessDesk
March 10 (BusinessDesk) - Threats to contaminate infant and other dairy formula with 1080 poison have been under investigation by the Police and the Ministry of Primary Industries since November, it was revealed this afternoon, although tests have all ... More >>
UPDATE: 1080 threat to dairy products investigated since Nov
Tuesday, 10 March 2015, 4:10 pm | BusinessDesk
March 10 (BusinessDesk) - Threats to contaminate infant and other dairy formula with 1080 poison have been under investigation by the Police and the Ministry of Primary Industries since November, it was revealed this afternoon, although tests have all ... More >>
1080 threat to dairy products investigated by MPI, Police
Tuesday, 10 March 2015, 4:05 pm | BusinessDesk
March 10 (BusinessDesk) - Threats to contaminate infant and other dairy formula with 1080 poison are being investigated by the Police and The Ministry of Primary Industries, although tests have all been clear so far. More >>
NZX issues trading halts across all dairy related stocks
Tuesday, 10 March 2015, 3:48 pm | BusinessDesk
March 10 (BusinessDesk) - Trading in all listed dairy companies has been halted by the stock market operator, NZX, without explanation. More >>
NZX shows no signs of caving in Clear Grain dispute
Tuesday, 10 March 2015, 1:26 pm | BusinessDesk
NZX, with legal bill of $4 mln and counting, shows no signs of caving in Clear Grain dispute More >>
NZ listed company earnings underwhelm analysts
Tuesday, 10 March 2015, 11:36 am | BusinessDesk
March 9 (BusinessDesk) - New Zealand's listed companies beat earnings estimates on average in the latest results season, but still fell short of the bullish growth expectations built into stock prices, analysts say. More >>
NZ debit, credit card retail spending gains 1.2% in February
Tuesday, 10 March 2015, 11:32 am | BusinessDesk
March 10 (BusinessDesk) - New Zealanders increased spending on debit and credit cards in February, led by gains in hospitality and apparel as low inflation makes households more relaxed about their consumption. More >>
Law firm seeks interest for suit against cladding makers
Tuesday, 10 March 2015, 10:31 am | BusinessDesk
March 10 (BusinessDesk) - Law firm Adina Thorn Lawyers is asking leaky building owners to join a proposed class suit against plaster cladding manufacturers, which it says could seek damages exceeding $100 million. More >>
NZ dollar gains vs. yen after Japanese GDP revised lower
Tuesday, 10 March 2015, 8:41 am | BusinessDesk
March 10 (BusinessDesk) - The New Zealand dollar rose against the yen after Japanese growth was revised lower, damping demand for the nation's currency. More >>
While you were sleeping: Deals, Apple lift Wall Street
Tuesday, 10 March 2015, 7:54 am | BusinessDesk
March 10 (BusinessDesk) - Wall Street moved higher amid a fresh flurry of takeover deals and as expected Apple released details of its new smartwatch. More >>
PM Key sees inflation heading lower, cuts RBNZ slack for now
Monday, 9 March 2015, 5:38 pm | BusinessDesk
March 9 (BusinessDesk) - Prime Minister John Key expects the annual rate of inflation to fall further than the 0.8 percent recorded in the year to December, but would not be drawn on whether the Reserve Bank should be cutting interest rates sooner ... More >>
MARKET CLOSE: NZ shares fall, led by A2, Kiwi Property, Xero
Monday, 9 March 2015, 5:35 pm | BusinessDesk
March 9 (BusinessDesk) - New Zealand shares fell, led by A2 Milk Co and Kiwi Property Group as the local market joined a global sell off. Xero declined as investors looked to crystalise profits after recent gains. More >>
NZ dollar drops to three-week low as traders eye RBNZ
Monday, 9 March 2015, 5:21 pm | BusinessDesk
March 9 (BusinessDesk) - The New Zealand dollar fell to a new three-week low as traders questioned whether the Reserve Bank's steps to lean on lending to speculative property investors will warrant a harder stance when the bank reviews interest rates on Thursday. More >>
Notable attracts angel investment from US for first time
Monday, 9 March 2015, 4:35 pm | BusinessDesk
March 9 (BusinessDesk) - Kiwi start-up Notable has attracted funding from US investors YCombinator, a start-up accelerator, and Peter Thiel’s Founders Fund in its latest round of capital raising. More >>
NZ manufacturing activity grows 0.9% in December
Monday, 9 March 2015, 11:37 am | BusinessDesk
March 9 (BusinessDesk) - New Zealand manufacturing activity expanded in the December quarter as the sector ramped production, although cheaper dairy prices led to a drop in value. More >>
Rio continues to question Tiwai Point smelter's value
Monday, 9 March 2015, 11:05 am | BusinessDesk
March 9 (BusinessDesk) - The Tiwai Point almunium smelter is back to running a profitable operation, though uncertainties about its outlook have left question marks over its intrinsic value, according to majority owner Rio Tinto. More >>
NZ central bank, in neutral, will weigh drought, higher TWI
Monday, 9 March 2015, 10:56 am | BusinessDesk
March 9 (BusinessDesk) - The Reserve Bank of New Zealand will probably keep interest rates unchanged this week, reiterating that monetary policy is in neutral, while revising its forecasts to take in the impact of drought and a higher-than-expected ... More >>
NZ Dollar Outlook: Kiwi may decline on greenback strength
Monday, 9 March 2015, 10:48 am | BusinessDesk
March 9 (BusinessDesk) - The New Zealand dollar may decline this week as the greenback strengthens on optimism the US economy is gearing up for interest rate rises. New Zealand interest rates are likely to remain unchanged at the central bank's six-weekly ... More >>
Serko says full-year revenue to miss forecast, warns on 2016
Monday, 9 March 2015, 8:56 am | BusinessDesk
March 9 (BusinessDesk) - Serko, the online online travel booking business, warned annual revenue will miss its prospectus forecast by up to 6 percent as some billable services were pushed into the 2016 financial year. It cut its expectations for sales ... More >>
NZ dollar tumbles after strong US jobs data
Monday, 9 March 2015, 8:36 am | BusinessDesk
NZ dollar tumbles after strong US jobs data increases chances of Fed hike in June More >>
