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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 845]
Rex Bionics widens full-year loss as costs rise
Wednesday, 4 March 2015, 1:47 pm | BusinessDesk
March 4 (BusinessDesk) - Rex Bionics Plc, the New Zealand firm listed on the London Stock Exchange's AIM market, said higher costs to commercialise its robotic exoskeletons widened its full-year loss to 3.56 million pounds from 480,000 pounds a year earlier. More >>
NZ government launches Ageing Well, latest science challenge
Wednesday, 4 March 2015, 12:30 pm | BusinessDesk
March 4 (BusinessDesk) - Science and Innovation Minister Steven Joyce has launched the Ageing Well National Science Challenge, one of 11 planned by the government to tackle the country’s biggest science-based issues. More >>
NZ residential building activity rises 4.3% in 4th-qtr
Wednesday, 4 March 2015, 11:34 am | BusinessDesk
March 4 (BusinessDesk) - New Zealand residential building activity rose for the first time in three quarters in the final three months of 2014, led by earthquake-related rebuilding work in Canterbury. More >>
Spark sells Telecom Rentals for $106M to FlexiGroup
Wednesday, 4 March 2015, 11:05 am | BusinessDesk
March 4 (BusinessDesk) - Spark New Zealand, formerly Telecom Corp, agreed to sell its Telecom Rentals business for $106 million to Australian financial services company FlexiGroup. More >>
Auckland houses prices fall in Feb as volume, listings rise
Wednesday, 4 March 2015, 10:57 am | BusinessDesk
March 4 (BusinessDesk) - Auckland house prices fell in February, as listings rose and the number of properties sold reached its second-highest level in seven years for that month, according to the city's largest realtor. More >>
NZ new vehicle sales jump 8.1% to 31-year high in February
Wednesday, 4 March 2015, 10:09 am | BusinessDesk
March 4 (BusinessDesk) - New Zealand new vehicle sales rose 8.1 percent in February to the highest level for 31 years, reflecting buoyant economic conditions. More >>
NZX appoints First NZ Capital as NXT market maker
Wednesday, 4 March 2015, 9:56 am | BusinessDesk
March 4 (BusinessDesk) - NZX, the stock market operator, named First NZ Capital as the first brokerage to agree to be a market maker for its yet-to-be-launched NXT market for small and medium-sized companies. More >>
NZX share trading climbs in February
Wednesday, 4 March 2015, 8:57 am | BusinessDesk
March 4 (BusinessDesk) - The volume and value of cash trading on New Zealand's share market rose in February, snapping a decline a month earlier, and helped push the value of the local equity market above $100 billion. More >>
NZ dollar benefits from commodity currency gains
Wednesday, 4 March 2015, 8:32 am | BusinessDesk
March 4 (BusinessDesk) - The New Zealand dollar rose along with other commodity currencies after the Australian Reserve Bank chose not to cut interest rates yesterday and following better-than-expected growth data in Canada. More >>
While you were sleeping: Stocks slide on car sales
Wednesday, 4 March 2015, 8:02 am | BusinessDesk
March 4 (BusinessDesk) - Wall Street moved lower from record highs after disappointing car sales lowered the appeal of equities for now, as investors await a speech from Federal Reserve Chair Janet Yellen later in the day, as well as US jobs data this ... More >>
Dairy product prices rise with butter and cheddar
Wednesday, 4 March 2015, 6:50 am | BusinessDesk
March 4 (BusinessDesk) - Dairy product prices rose in the latest GlobalDairyTrade auction, as gains in the price of butter and cheddar outweighed declines in the price of anhydrous milk fat, whole milk powder and rennet casein. More >>
Bankrupt Bryers needs to get back on his feet, lawyer says
Tuesday, 3 March 2015, 6:20 pm | BusinessDesk
March 3 (BusinessDesk) - Mark Bryers, bankrupted in 2009 owing $230 million, is running out of time to get back on his feet, his lawyer told a High Court hearing seeking to discharge the former boss of Blue Chip. More >>
MARKET CLOSE: NZ shares rise, led by Warehouse
Tuesday, 3 March 2015, 5:32 pm | BusinessDesk
March 3 (BusinessDesk) - New Zealand shares rose to a fresh record pushed higher by Warehouse Group after James Pascoe lifted its stake to become the second-biggest shareholder in the retailer. Diligent Board Member Services fell after an analyst's ... More >>
NZ dollar falls vs. A$ after RBA keeps rates on hold
Tuesday, 3 March 2015, 5:18 pm | BusinessDesk
March 3 (BusinessDesk) - The New Zealand dollar fell against its trans-Tasman counterpart after the Reserve Bank of Australia kept its key rate unchanged, while leaving open the possibility of a future cut. More >>
RBA holds cash rate at 2.25%, open to further easing
Tuesday, 3 March 2015, 5:06 pm | BusinessDesk
March 3 (BusinessDesk) - The Reserve Bank of Australia held its cash rate unchanged, having cut the benchmark to a record low last month, saying further cuts may be appropriate to stoke sustainable economic growth. More >>
James Pascoe lifts Warehouse stake to 16.4%
Tuesday, 3 March 2015, 4:04 pm | BusinessDesk
March 3 (BusinessDesk) - James Pascoe, the retail group owned by David and Anne Norman, has lifted its holding in Warehouse Group to 16.4 percent after buying out Australian retailer Woolworths' stake for $87.1 million. More >>
Credit Suisse downgrades Diligent to 'neutral'
Tuesday, 3 March 2015, 2:43 pm | BusinessDesk
March 3 (BusinessDesk) - Diligent Board Member Services's plans to spend up ahead of its new product has seen the governance software developer's stock downgraded by Credit Suisse's local analyst. More >>
Weak global demand weighs on NZ sheep, cattle prices
Tuesday, 3 March 2015, 2:38 pm | BusinessDesk
March 3 (BusinessDesk) - Weakening demand in China and Europe, combined with the impact of a nine-month port strike on the US West Coast, have eroded farmgate prices for sheep and cattle, Silver Fern Farms says. More >>
Carter Holt appeals failed strike-out bid over leaky schools
Tuesday, 3 March 2015, 2:25 pm | BusinessDesk
March 3 (BusinessDesk) - Carter Holt Harvey, the building products supplier owned by billionaire Graeme Hart, is appealing its failed bid in the High Court to strike out a claim that its cladding contributed to a nationwide problem of leaky school ... More >>
Blue Chip's Bryers accused of muddying Talos role
Tuesday, 3 March 2015, 2:15 pm | BusinessDesk
March 3 (BusinessDesk) - Former Blue Chip boss Mark Bryers was accused of contriving to present himself as a consultant to Talos Accounting Group, when he was actually running the Australian firm in breach of the rules covering undischarged bankrupts, ... More >>
