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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 843]
World Week Ahead: Apple Watch, US retail sales
Monday, 9 March 2015, 7:44 am | BusinessDesk
March 9 (BusinessDesk) - Apple’s new watch, a report on US retail sales, and the European Central Bank’s new quantitative easing programme will take centre stage this week. More >>
Blue Chip's Bryers banned from managing NZ firms for 7 years
Friday, 6 March 2015, 5:54 pm | BusinessDesk
Blue Chip's Bryers banned from managing NZ firms for 7 more years, bankruptcy lifted More >>
MARKET CLOSE: NZX 50 rises to record led by Genesis on yield
Friday, 6 March 2015, 5:35 pm | BusinessDesk
March 6 (BusinessDesk) - New Zealand shares rose led by Genesis Energy and paced by Spark New Zealand, as the international hunt for income paying investment returned. Warehouse Group fell after it cut its forecast for the annual dividend. More >>
NZ dollar heads for 0.9% weekly decline
Friday, 6 March 2015, 5:13 pm | BusinessDesk
March 6 (BusinessDesk) - The New Zealand dollar is heading for a 0.9 percent weekly decline ahead of US employment figures, which will provide a gauge on the strength of the world's biggest economy and give the greenback its next cue for a direction. More >>
UPDATE: Fliway offering IPO at $1.20 to $1.40 per share
Friday, 6 March 2015, 4:27 pm | BusinessDesk
UPDATE: Transport and logistics provider Fliway offering IPO at $1.20 to $1.40 per share More >>
NZ wool market mixed amid targeted buying
Friday, 6 March 2015, 3:59 pm | BusinessDesk
March 6 (BusinessDesk) - New Zealand crossbred wool, which accounts for the majority of the country's production, rose to a three-and-a-half month high this week on lower volumes. More >>
Kiwi start-up Glassjar launches payments app in the US
Friday, 6 March 2015, 3:28 pm | BusinessDesk
March 6 (BusinessDesk) - Glassjar, the kiwi software start-up whose app provides people an easy way of sharing bills, has launched in the United States. More >>
Fliway seeks up to $44.5 million in first IPO of the year
Friday, 6 March 2015, 2:03 pm | BusinessDesk
March 6 (BusinessDesk) - Fliway Group, the independent transport and logistics provider, is seeking to raise between $27.3million and $44.5 million through the first initial public offering on the NZX this year. More >>
Warehouse eyes costs, better products as it targets growth
Friday, 6 March 2015, 12:10 pm | BusinessDesk
March 6 (BusinessDesk) - Warehouse Group is turning its focus to reducing costs and improving its products and productivity as it seeks to get a return from its increased spending on the business. More >>
NZ wholesale trade rises for third quarter in December
Friday, 6 March 2015, 11:14 am | BusinessDesk
March 6 (BusinessDesk) - New Zealand's wholesale trade grew for a third quarter in the final three months of 2014, with increased activity for apparel, pharmaceuticals and furniture leading the expansion. More >>
Fulton Hogan 1H earnings dip on weak Aussie economy
Friday, 6 March 2015, 10:53 am | BusinessDesk
March 6 (BusinessDesk) - Fulton Hogan, the privately held construction firm, says first-half pre-tax earnings dropped 10 percent as Australia's economic woes kept a lid on spending in the resources and state sectors, while the strong kiwi dollar ... More >>
Banks relieved as RBNZ drops '5-plus' test for home loans
Friday, 6 March 2015, 10:02 am | BusinessDesk
March 6 (BusinessDesk) - The major banks are breathing a sigh of relief that the Reserve Bank of New Zealand has dropped proposals that would have deemed anyone owning five or more residential properties as a commercial borrower, although the Property ... More >>
Air NZ bins 'opt out' travel insurance after warning
Friday, 6 March 2015, 9:32 am | BusinessDesk
March 6 (BusinessDesk) - Air New Zealand, the national carrier, will scrap its pre-selected travel insurance option after receiving a formal warning from the Commerce Commission, which is cracking down on businesses misleading consumers with 'opt out' additional ... More >>
Warehouse trims FY profit, dividend forecast on weak trading
Friday, 6 March 2015, 9:17 am | BusinessDesk
March 6 (BusinessDesk) - Warehouse Group lowered its forecasts for annual profit and dividends after New Zealand's largest listed retailer posted weaker first-half earnings as its Red Sheds and Noel Leeming units missed expectations. More >>
NZ economy to grow close to 3% in 2015, says Moody's
Friday, 6 March 2015, 8:37 am | BusinessDesk
NZ economy to grow close to 3% in 2015 as building offsets dairy decline: Moody's More >>
NZ dollar falls after RBNZ eyes property speculation
Friday, 6 March 2015, 8:34 am | BusinessDesk
March 6 (BusinessDesk) - The New Zealand dollar fell after the Reserve Bank said it is looking at ways to curb lending to residential property investors, which could pave the way for it to lower interest rates. More >>
While you were sleeping: European stocks, bonds rally
Friday, 6 March 2015, 7:58 am | BusinessDesk
March 6 (BusinessDesk) - European stocks climbed, while the euro dropped to the lowest level in more than 11 years, after the European Central Bank said it will start wider asset purchases next week. More >>
MARKET CLOSE: NZ shares fall, led by Meridian, Spark
Thursday, 5 March 2015, 5:31 pm | BusinessDesk
March 5 (BusinessDesk) - New Zealand shares fell, led by Meridian Energy ahead of its second instalment receipt coming due in May. Spark New Zealand and Fletcher Building declined. More >>
NZ dollar drops after RBNZ looks at loan curbs
Thursday, 5 March 2015, 5:09 pm | BusinessDesk
March 5 (BusinessDesk) - The New Zealand dollar dropped after the Reserve Bank said it's looking at ways to restrict lending on residential property investments, stoking speculation it would then have more room to cut interest rates. More >>
Trustpower says churn lower when telco services added
Thursday, 5 March 2015, 4:59 pm | BusinessDesk
March 5 (BusinessDesk) - Trustpower, the multi-utility company controlled by Infratil, said customers that buy electricity and telco services have a much lower rate of churn than those that only buy one service. More >>
