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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 844]
CRP seeks another $1.25M to pursue new seabed mining licence
Thursday, 5 March 2015, 4:44 pm | BusinessDesk
March 5 (BusinessDesk) - Would-be seabed miner Chatham Rock Phosphate is looking to raise a further $1.25 million as its key staff take pay cuts and the company pursues both legislation changes and a new mining consent under the controversial new law ... More >>
CORRECT: NZ could reap $190M/year benefit from drones
Thursday, 5 March 2015, 4:35 pm | BusinessDesk
CORRECT: NZ could reap $190M/year benefit becoming first nation to allow beyond-line-of-sight drones More >>
RBNZ starts talks on tougher rules for property speculators
Thursday, 5 March 2015, 3:36 pm | BusinessDesk
March 5 (BusinessDesk) - The Reserve Bank of New Zealand is stepping up preparations to restrict lending to residential property investors as it watches house prices, particularly in Auckland, continue to rise strongly. More >>
Fonterra ponders new bond offer
Thursday, 5 March 2015, 3:24 pm | BusinessDesk
March 5 (BusinessDesk) - Fonterra Cooperative Group, the world's largest dairy exporter, is looking at raising an disclosed amount of new capital through a bond offer. More >>
Regulatory change needed to drive innovation, Stiassny says
Thursday, 5 March 2015, 3:02 pm | BusinessDesk
March 5 (BusinessDesk) - Michael Stiassny, chairman of Auckland lines company Vector, says current regulation doesn’t incentivise the electricity sector to foster new technology into the market. More >>
NZ could reap $190M/year benefit from BLOS drones: report
Thursday, 5 March 2015, 2:53 pm | BusinessDesk
NZ could reap $190M/year benefit becoming first nation to allow beyond-line-of-sight drones More >>
Open Country posts record annual profit on surge in sales
Thursday, 5 March 2015, 12:24 pm | BusinessDesk
March 5 (BusinessDesk) - Open Country Dairy, the dairy manufacturer controlled by Talley's Group, reported a record profit for 2014 as revenue growth outpaced rising cost of sales, and said it expects a "strong" result in 2015 More >>
Bridges pushes NZ as 'most ready' for electric cars
Thursday, 5 March 2015, 11:45 am | BusinessDesk
March 5 (BusinessDesk) - Transport and Energy Minister Simon Bridges has officials investigating ways to accelerate the uptake of electric vehicles, although is ruling out incentives or subsidies in what he says is "the most EV-ready country in ... More >>
Briscoe posts 17% gain in FY profit, in line with forecast
Thursday, 5 March 2015, 11:41 am | BusinessDesk
March 5 (BusinessDesk) - Briscoe Group, the homeware and sporting goods retail chain, posted a 17 percent gain in annual profit, in line with its forecast, as it widened margins on more efficient operations. More >>
Don't wait for FTA before acting on India: Kaushal
Thursday, 5 March 2015, 9:56 am | BusinessDesk
Don't wait for FTA before acting on India, says India-NZ business council chair More >>
Seeka post-harvest shed fire unlikely to dent earnings
Thursday, 5 March 2015, 9:15 am | BusinessDesk
March 5 (BusinessDesk) - Seeka Kiwifruit Industries, the country's biggest kiwifruit grower, doesn't expect earnings to be materially affected by a fire that destroyed a shed at its Oakside post-harvest site in Tauranga, with insurance likely to cover ... More >>
NZ dollar hits new record vs. euro ahead of ECB QE plan
Thursday, 5 March 2015, 8:40 am | BusinessDesk
March 5 (BusinessDesk) - The New Zealand dollar rose to a record against the euro ahead of a European Central Bank meeting tonight where it's expected to detail plans for its quantitative easing programme starting this month. More >>
While you were sleeping: Eyes on US jobs, ECB
Thursday, 5 March 2015, 8:05 am | BusinessDesk
March 5 (BusinessDesk) - Wall Street fell after a softer-than-expected private jobs report and a decline in oil prices, while stocks in Europe gained ahead of a European Central Bank gathering that should reveal more about its plans for additional monetary ... More >>
JPMorgan's NZ branch gets formal warning for 2013 lapse
Wednesday, 4 March 2015, 5:43 pm | BusinessDesk
JPMorgan's NZ branch gets formal warning from central bank over lack of risk assessment plan in 2013 More >>
MARKET CLOSE: NZ shares fall; Meridian, MRP, DNZ drop
Wednesday, 4 March 2015, 5:36 pm | BusinessDesk
March 4 (BusinessDesk) - New Zealand shares fell, led by Meridian Energy and MightyRiverPower as demand abated for companies with dependable dividend streams. Warehouse Group rose ahead of reporting its earnings this week. More >>
NZ dollar little changed after Australian GDP data
Wednesday, 4 March 2015, 5:13 pm | BusinessDesk
March 4 (BusinessDesk) - The New Zealand dollar was little changed after figures showed Australia's economy got a boost from increased consumer spending, offsetting the decline in its resources sector. More >>
Woolworths takes $28.3 mln haircut on Warehouse
Wednesday, 4 March 2015, 2:35 pm | BusinessDesk
March 4 (BusinessDesk) - Woolworths has taken a near $28.3 million haircut on its investment in Warehouse Group after James Pascoe, the retail group owned by David and Anne Norman, bought the Australian supermarket chain's stake in New Zealand's ... More >>
AsureQuality posts 5% drop in 1H profit as costs rise
Wednesday, 4 March 2015, 2:15 pm | BusinessDesk
AsureQuality posts 5% drop in 1H profit as costs rise; expects to beat FY target More >>
Carter Holt cladding 'inherently defective', court hears
Wednesday, 4 March 2015, 2:08 pm | BusinessDesk
March 4 (BusinessDesk) - Carter Holt Harvey cladding sheets and systems used in 880 school buildings were "inherently defective" and the Ministry of Education is entitled to sue the company, the Court of Appeal heard today. More >>
Kordia turns to profit in 1H as Australian business improves
Wednesday, 4 March 2015, 1:54 pm | BusinessDesk
March 4 (BusinessDesk) - Kordia Group, the broadcasting and telecommunications network operator, turned to a profit in the first half on an improved performance at its Australian business. More >>
