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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 851]
CORRECT:NZ export log prices rise to 10-month high
Wednesday, 25 February 2015, 7:44 am | BusinessDesk
CORRECT:NZ export log prices rise to 10-month high; domestic logs jump to highest in a decade More >>
Kiwibank cancels eftpos, debit cards in fraud investigation
Tuesday, 24 February 2015, 6:19 pm | BusinessDesk
Feb. 24 (BusinessDesk) - Kiwibank, the government-owned lender and subsidiary of New Zealand Post, has taken urgent action and frozen some customer accounts after detecting card fraud. More >>
Solid Energy chair Dunphy steps down, Coupe to act as chair
Tuesday, 24 February 2015, 5:44 pm | BusinessDesk
Feb. 24 (BusinessDesk) - Solid Energy chair Pip Dunphy has stepped down from the board of the ailing state-owned coal miner before her term expires in October. More >>
MARKET CLOSE: NZ shares fall; MRP, Genesis drop on results
Tuesday, 24 February 2015, 5:38 pm | BusinessDesk
Feb. 24 (BusinessDesk) - New Zealand shares fell paced by Genesis Energy and MightyRiverPower as their first-half earnings disappointed investors. Outside the benchmark index, SLI Systems climbed. More >>
NZ dollar falls as inflation expectations ease
Tuesday, 24 February 2015, 5:15 pm | BusinessDesk
Feb. 24 (BusinessDesk) - The New Zealand dollar fell after inflation expectations dwindled in the Reserve Bank's latest survey of local firms, who didn't expect the central bank to raise interest rates this year, and ahead of US Federal Reserve chair ... More >>
UPDATE: Scentre's NZ mall sell off follows new strategy
Tuesday, 24 February 2015, 5:08 pm | BusinessDesk
Feb. 24 (BusinessDesk) - The sale of Scentre Group’s four remaining 100 percent-owned Westfield shopping malls in New Zealand follows a change in strategy by the Australian parent, says Harbour Asset Management analyst Shane Solly. More >>
NZ firms again lower their inflation expectations
Tuesday, 24 February 2015, 4:20 pm | BusinessDesk
Feb. 24 (BusinessDesk) - New Zealand businesses have again trimmed their expectations for inflation over the next two years and don't expect the central bank will need to raise interest rates this year. More >>
UPDATE: Scentre Group says business as usual for NZ malls
Tuesday, 24 February 2015, 4:10 pm | BusinessDesk
Feb. 24 (BusinessDesk) - Scentre Group, the Australasian shopping centre owner, said it had placed its four remaining 100 percent-owned shopping centres in New Zealand on the market for expressions of interest. More >>
Asaleo Care beats prospectus with 18% gain in FY profit
Tuesday, 24 February 2015, 3:52 pm | BusinessDesk
Feb. 24 (BusinessDesk) - Asaleo Care, the maker of household brands such as Libra, Sorbent, Purex and Treasures that debuted on the ASX last year, posted an 18 percent gain in full-year profit, beating its prospectus forecast, and said it expects "low ... More >>
UPDATE: Genesis stock falls on stretch to reach FY earnings
Tuesday, 24 February 2015, 2:08 pm | BusinessDesk
Feb. 24 (BusinessDesk) - Genesis Energy shares fell after New Zealand’s largest energy retailer said it faced "headwinds" of weaker global oil prices and aggressive competition for customers that would make it a stretch to reach its full-year ... More >>
ASX-listed Scentre to sell remaining 100%-owned NZ malls
Tuesday, 24 February 2015, 2:05 pm | BusinessDesk
Feb. 24 (BusinessDesk) - Scentre Group, the Australasian shopping centre owner, is selling its four remaining 100 percent-owned shopping centres in New Zealand. The move follows its $2.1 billion deal, announced in November, to sell 49 per cent sale ... More >>
NZ export log prices rise to 9-month high
Tuesday, 24 February 2015, 1:47 pm | BusinessDesk
NZ export log prices rise to 9-month high; domestic logs jump to highest in a decade More >>
Martin Aircraft jumps 50% in ASX debut
Tuesday, 24 February 2015, 1:42 pm | BusinessDesk
Feb. 24 (BusinessDesk) - Martin Aircraft shares jumped 50 percent on their debut on the Australian Stock Exchange after the company raised A$27 million to fund the commercialisation of its jetpack. More >>
UPDATE: Shares of SLI jump 15% on 1H revenue gain
Tuesday, 24 February 2015, 12:18 pm | BusinessDesk
Feb. 24 (BusinessDesk) - Shares of SLI Systems climbed 15 percent after the e-commerce search engine developer boosted its operating earnings 34 percent and said it had enough cash on hand for current growth plans. More >>
UPDATE: Summerset posts 10% rise in 2014 earnings
Tuesday, 24 February 2015, 11:51 am | BusinessDesk
Feb. 24 (BusinessDesk) - Summerset Group, New Zealand's third-largest listed retirement village operator, posted a 10 percent gain in annual earnings and said it expects benefits from last year's expansion to help lift earnings growth this year. More >>
Wrightson shares touch 4-year high after 1H earnings
Tuesday, 24 February 2015, 11:40 am | BusinessDesk
UPDATE: PGG Wrightson shares climb to four-year high as first-half earnings beat estimates More >>
GeoOp appoints Anna Cicognani as acting head after incoming
Tuesday, 24 February 2015, 10:35 am | BusinessDesk
Feb. 24 (BusinessDesk) - GeoOp has appointed Anna Cicognani as acting chief executive, after newly appointed Ben Foote was unable to take the role as head of the small business app developer due to family complications. More >>
Summerset posts 10% rise in 2014 underlying earnings
Tuesday, 24 February 2015, 10:15 am | BusinessDesk
Feb. 24 (BusinessDesk) - Summerset Group, New Zealand's third-largest listed retirement village operator, posted a 10 percent gain in annual earnings and said the benefits from last year's fast rate of expansion to help lift earnings growth this year. More >>
Genesis Energy lifts 1H pretax earnings by 15%
Tuesday, 24 February 2015, 9:55 am | BusinessDesk
Genesis Energy lifts 1H pretax earnings by 15%, selling more electricity, gas to fewer customers More >>
SLI first-half loss widens by 75%, says cash burn easing
Tuesday, 24 February 2015, 9:42 am | BusinessDesk
Feb. 24 (BusinessDesk) - SLI Systems, the online retail search engine developer, widened its first-half loss by 75 percent as it chases growth in the US e-commerce market and says its cash burn is slowing. More >>
