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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 847]
NZ terms of trade fall 1.9% in 4th qtr
Monday, 2 March 2015, 11:36 am | BusinessDesk
NZ terms of trade fall 1.9% in 4th qtr, on falling prices for dairy exports More >>
Former Blue Chip boss Bryers seeks bankruptcy discharge
Monday, 2 March 2015, 11:33 am | BusinessDesk
March 2 (BusinessDesk) - Former Blue Chip boss Mark Bryers is seeking discharge from his five-and-a-half year bankruptcy in the High Court at Auckland today while the Official Assignee is asking for conditions to be attached to that. More >>
PayPal stops processing Mega payments; NZX listing still on
Monday, 2 March 2015, 10:52 am | BusinessDesk
March 2 (BusinessDesk) - PayPal has ceased processing payments for Mega, the file storage and encryption firm looking to join the New Zealand stock market via a reverse listing of TRS Investments, amid claims it is not a legitimate cloud storage service. More >>
April 30 deadline for revised convention centre design
Monday, 2 March 2015, 10:07 am | BusinessDesk
March 2 (BusinessDesk) - The deadline for approval of a revised design for SkCity Entertainment Group's international convention centre in Auckland has been set at April 30. More >>
VMob signs voucher deal with Australian 7-Eleven chain
Monday, 2 March 2015, 9:32 am | BusinessDesk
March 2 (BusinessDesk) - VMob, the NZAX-listed mobile voucher developer, has signed a deal to roll out its vouchers platform across Australia's 7-Eleven convenience stores, adding to the momentum built last month when it secured a global partnership ... More >>
Diligent lifts annual profit 43%, sales at top end of guidan
Monday, 2 March 2015, 9:06 am | BusinessDesk
March 2 (BusinessDesk) - Diligent Board Member Services, the governance software developer, has lifted annual profit 43 percent and reported sales at the top end of guidance as it continued to add new customers and announced plans to invest more ... More >>
NZ dollar gains after Chinese central bank cuts rates
Monday, 2 March 2015, 8:41 am | BusinessDesk
March 2 (BusinessDesk) - The New Zealand dollar advanced on expectations a reduction in interest rates in China may stimulate demand for New Zealand commodities in the country's largest trading partner. More >>
World Week Ahead: US jobs data, Yellen speaks
Monday, 2 March 2015, 8:28 am | BusinessDesk
March 2 (BusinessDesk) - The latest US jobs data will take centre stage this week as investors refocus on the state of the economy as they refine their bets on when the Federal Reserve will start to lift interest rates. More >>
TSB Bank writes off $53.9 mln Solid Energy debt
Friday, 27 February 2015, 5:58 pm | BusinessDesk
Feb. 27 (BusinessDesk) - TSB Bank, the Taranaki community-owned bank, has written off the remaining $53.9 million debt exposure it had to stricken state-owned coal miner Solid Energy as the prospects of getting repaid deteriorate. More >>
PGC posts 1H loss, writes down Perpetual receivable
Friday, 27 February 2015, 5:51 pm | BusinessDesk
Feb. 27 (BusinessDesk) - Pyne Gould Corp, whose 2014 accounts are being looked into by the market regulator, reported a first-half loss as it was hit with foreign exchange adjustments and losses from its subsidiaries, and wrote down the value of what it ... More >>
MARKET CLOSE: NZX 50 rises to a record; Genesis, PFI gain
Friday, 27 February 2015, 5:37 pm | BusinessDesk
Feb. 27 (BusinessDesk) - New Zealand shares rose paced by Genesis Energy and Property For Industry, on good sentiment around the local economy and demand for dividend paying stocks. Xero fell as investors took the chance to crystallise profits from ... More >>
NZ dollar heads for 0.4% weekly gain; USD poised to rise
Friday, 27 February 2015, 5:14 pm | BusinessDesk
Feb. 27 (BusinessDesk) - The New Zealand dollar is heading for a 0.4 percent gain against the greenback this week, ahead of what might be an extended rally for the US currency as the prospects for the world's biggest economy remain strong. More >>
Fonterra's Glencoal says Waikato mine delayed, not on hold
Friday, 27 February 2015, 4:58 pm | BusinessDesk
Feb. 27 (BusinessDesk) - Fonterra Cooperative Group subsidiary Glencoal has denied suggestions it has put its plans for an open cast mine in the Waikato on hold indefinitely following public opposition. More >>
Solid Energy delays 1H report on weaker coal price forecast
Friday, 27 February 2015, 2:58 pm | BusinessDesk
Feb. 27 (BusinessDesk) - Solid Energy, the state-owned coal miner whose chair Pip Dunphy stepped down this week, will delay reporting its first-half accounts, saying forward pricing for coal may impact on its ability to meet debt repayments when they ... More >>
Bathurst sinks into the red in 1H, waiting for coal price
Friday, 27 February 2015, 1:33 pm | BusinessDesk
Bathurst sinks into the red in first-half, still waiting for coal price to turn around More >>
NZ business confidence gains in Feb as ag sector gets happy
Friday, 27 February 2015, 1:31 pm | BusinessDesk
Feb. 27 (BusinessDesk) - New Zealand business confidence improved in February as recent gains in dairy prices turned sentiment around in the agriculture sector, and as low interest rates stoke hiring and investment expectations. More >>
Countdown boosts 1H earnings 2.9% on cost cuts, volume gains
Friday, 27 February 2015, 1:24 pm | BusinessDesk
Feb. 27 (BusinessDesk) - Countdown, the New Zealand supermarket chain owned by Australian retailer Woolworths, increased first-half earnings 2.9 percent as it cut costs and boosted volumes to compensate for lower prices. More >>
UPDATE: US wine-drinkers trading up, Delegat says
Friday, 27 February 2015, 11:46 am | BusinessDesk
Feb. 27 (BusinessDesk) - Consumers trading up to premium wine and an improved economy is behind a 19 percent boost in North American sales to 425,000 cases for New Zealand’s largest listed wine company, Delegat Group. More >>
Marsden Maritime posts 5.7% gain in 1H profit
Friday, 27 February 2015, 11:40 am | BusinessDesk
Marsden Maritime posts 5.7% gain in 1H profit, expects FY earnings in line with last year More >>
Precinct raises $73.6 million from instos in capital raising
Friday, 27 February 2015, 11:37 am | BusinessDesk
Feb. 27 (BusinessDesk) - Precinct Properties New Zealand, the property investor rebalancing its portfolio to Auckland, has raised $73.6 million from institutional investors ahead of its retail offer to fund a major development in the country's largest city. More >>
