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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 846]
Ex-Solid Energy JV partner, GTL, seeks briquette plant sale
Tuesday, 3 March 2015, 2:08 pm | BusinessDesk
March 3 (BusinessDesk) - GTL Energy (New Zealand), Solid Energy's former partner in an experimental briquette-making plant in Southland, narrowed its loss in 2014 in a year when it garnered no revenue and began preparing for the sale of the Mataura ... More >>
NZ property values rise at fastest pace in 5 months: QV
Tuesday, 3 March 2015, 12:09 pm | BusinessDesk
NZ property values rise at fastest pace in 5 months in February, led by Auckland More >>
Goodman Property to spend $28 mln on three new developments
Tuesday, 3 March 2015, 11:41 am | BusinessDesk
March 3 (BusinessDesk) - Goodman Property Trust, New Zealand's largest listed property investor by market value, will spend $28 million on two new industrial plants and an office building at its Highbrook Business Park. More >>
Brook Barrington, state sector veteran, named head of MFAT
Tuesday, 3 March 2015, 11:21 am | BusinessDesk
March 3 (BusinessDesk) - Brook Barrington has been named chief executive of New Zealand's Ministry of Foreign Affairs and Trade, returning to a department where he had worked for 20 years before taking on senior roles in Defence and Justice. More >>
Promapp hires marketing executive to lead push into US
Tuesday, 3 March 2015, 10:46 am | BusinessDesk
March 3 (BusinessDesk) - Promapp Solutions, whose software lets organisations map their business processes, has hired a marketing executive to help drive the company's tilt at the US market. More >>
NZ dollar declines against Aussie ahead of RBA
Tuesday, 3 March 2015, 8:19 am | BusinessDesk
March 3 (BusinessDesk) - The New Zealand dollar weakened against the Australian dollar as traders have already priced in an interest rate cut by the Reserve Bank of Australia today. More >>
Bryers questioned over Blue Chip's related party lending
Tuesday, 3 March 2015, 8:02 am | BusinessDesk
March 3 (BusinessDesk) - Former Blue Chip boss Mark Bryers returns to the witness box today, having faced a day of questions on his management of the failed property investment company, as the High Court continues its examination of his application ... More >>
While you were sleeping: Records fall on Wall Street
Tuesday, 3 March 2015, 7:58 am | BusinessDesk
March 3 (BusinessDesk) - Wall Street rose, with the Dow touching a record high and the Nasdaq climbing above 5,000 for the first time in fifteen years amid optimism about the outlook for the US economy and corporate profits. More >>
KiwiRail 1H earnings fall on lower coal, logs, dairy volumes
Monday, 2 March 2015, 5:55 pm | BusinessDesk
March 2 (BusinessDesk) - KiwiRail, the unprofitable government-owned rail operator, reported a 6 percent drop in first-half operating earnings on reduced freight volumes of coal, logs and dairy, and said it would still meet guidance for annual earnings ... More >>
Govt resisting pressure to pump more cash into Solid Energy
Monday, 2 March 2015, 5:51 pm | BusinessDesk
March 2 (BusinessDesk) - Prime Minister John Key says it is "not the government's preferred option" to make a fresh capital injection into the troubled state-owned coal miner, Solid Energy, but dodged journalists' questions at his weekly press conference ... More >>
MARKET CLOSE: NZX 50 rises to record; MRP, Meridian climb
Monday, 2 March 2015, 5:36 pm | BusinessDesk
March 2 (BusinessDesk) - New Zealand shares rose to a fresh record, paced by MightyRiverPower, Meridian Energy and Genesis Energy as investors mulled possible lower interest rates across the Tasman. Diligent Board Member Services fell after reporting annual profit. More >>
NZ dollar falls on concerns over China, Australia economies
Monday, 2 March 2015, 5:06 pm | BusinessDesk
March 2 (BusinessDesk) - The New Zealand dollar fell after a rate cut by the People's Bank of China and weaker than expected Australian manufacturing figures raised concerns about the economies of New Zealand's two biggest trading partners. More >>
Vista reassesses whether to increase 2014 goodwill value
Monday, 2 March 2015, 4:04 pm | BusinessDesk
March 2 (BusinessDesk) - Vista Group International, the cinema software and analytics company, is reassessing whether it has to increase the value of its 2014 goodwill, which would boost last week's reported annual profit of $3.99 million. More >>
Blue Chip’s Bryers won’t return to New Zealand, court hears
Monday, 2 March 2015, 2:37 pm | BusinessDesk
March 2 (BusinessDesk) - Former Blue Chip boss Mark Bryers has taken the witness stand in the High Court at Auckland today where he’s seeking to be discharged from his 5 1/2-year bankruptcy, saying it will be his last visit to New Zealand. More >>
TVNZ 1st-half profit drops 5% on weaker ad revenue
Monday, 2 March 2015, 2:28 pm | BusinessDesk
March 2 (BusinessDesk) - Television New Zealand, the state-owned broadcaster, posted a drop in first-half profit of about 5 percent as advertising revenue weakened and costs rose. More >>
UPDATE: PayPal stops processing Mega payments
Monday, 2 March 2015, 2:03 pm | BusinessDesk
(Updates with letter from US Senator Patrick Leahy in 2nd, 4th, 5th graphs, fixes TRS reference in 7th graph) More >>
Phillips Fox merges with DLA Piper
Monday, 2 March 2015, 1:41 pm | BusinessDesk
Phillips Fox merges with DLA Piper to become local unit of Anglo-American law firm More >>
NZ Dollar Outlook: Kiwi at mercy of overseas moves this week
Monday, 2 March 2015, 12:03 pm | BusinessDesk
March 2 (BusinessDesk) - The New Zealand dollar will probably be at the mercy of overseas news this week with several central bank meetings and key data releases. More >>
UPDATE: Diligent sees 2015 sales growth up to 19%
Monday, 2 March 2015, 11:49 am | BusinessDesk
March 2 (BusinessDesk) - Diligent Board Member Services, the governance software developer, expects sales growth of up to 19 percent in 2015 as it attracts customers to its BoardBooks service, and plans to launch a new product later this year. The ... More >>
Wellington Drive widens FY loss, to raise $3M in share issue
Monday, 2 March 2015, 11:45 am | BusinessDesk
March 2 (BusinessDesk) - Wellington Drive Technologies, the unprofitable manufacturer of energy efficient motors, widened its annual loss as sales dropped 35 percent. It will tap investors for $3 million to fund its growth recovery plans, in a capital ... More >>
