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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 857]
While you were sleeping: EU and Greece at odds
Tuesday, 17 February 2015, 7:51 am | BusinessDesk
Feb. 17 (BusinessDesk) - European stock markets closed lower, giving up earlier gains, as investors swung from optimism to pessimism about the potential for a deal between Greece and its international creditors about the conditions of its bailout—and ... More >>
MARKET CLOSE: NZ shares fall; Contact drops on offshore plan
Monday, 16 February 2015, 5:34 pm | BusinessDesk
Feb. 16 (BusinessDesk) - New Zealand shares fell, led by Contact Energy after it flagged plans to invest offshore. Genesis Energy and Meridian Energy declined as enthusiasm for the sector cooled. More >>
NZ dollar nears record vs. A$ after strong retail sales
Monday, 16 February 2015, 5:14 pm | BusinessDesk
Feb. 16 (BusinessDesk) - The New Zealand dollar rose against its Australian counterpart as retail sales beat expectations, reinforcing the view that the economic tide is in New Zealand's favour compared to that of its nearest neighbour. More >>
Investors give raspberry to Contact offshore investment plan
Monday, 16 February 2015, 4:31 pm | BusinessDesk
Feb. 16 (BusinessDesk) - Contact Energy shares dropped 8.4 percent to $6.34 by late afternoon following an announcement that it is considering an offshore geothermal energy investment strategy in the absence of growth opportunities in the New Zealand ... More >>
Eroad offers $10,000 signing bonus for software engineers
Monday, 16 February 2015, 4:02 pm | BusinessDesk
Feb. 16 (BusinessDesk) - Eroad, the listed electronic road user charges and transport services company, is offering $10,000 signing bonuses for software engineers. More >>
Vero calls for change on dealing with natural disasters
Monday, 16 February 2015, 2:57 pm | BusinessDesk
Feb. 16 (BusinessDesk) - Insurer Vero is calling for debate on whether change is needed to New Zealand’s natural disaster insurance model following frustration over the lengthy delays in insurance payouts for the Christchurch earthquakes. More >>
NZ Dollar Outlook: Kiwi may rise with dairy, yield demand
Monday, 16 February 2015, 12:03 pm | BusinessDesk
Feb. 16 (BusinessDesk) - The New Zealand dollar may gain this week on speculation lower milk production will push up prices for the nation's biggest export at the GlobalDairyTrade auction and on the appeal of relatively high yields. More >>
NZ services sector activity rises to six-month high in Jan
Monday, 16 February 2015, 11:27 am | BusinessDesk
Feb. 16 (BusinessDesk) - New Zealand's services sector activity rose to a six-month high in January as record inward migration boosted demand for housing, increasing the need for property-related services. More >>
NZ retail sales rise 1.7% in 4Q, beating estimates
Monday, 16 February 2015, 11:12 am | BusinessDesk
NZ retail sales rise 1.7% in fourth quarter, beating estimates, on autos, food, drinks More >>
Contact hints at capital returns, looks offshore for growth
Monday, 16 February 2015, 10:16 am | BusinessDesk
Feb. 16 (BusinessDesk) - Contact Energy has given its clearest signal yet that it will contemplate capital returns to shareholders as the company settles into a no-growth mode in the New Zealand market and reported a 22 percent drop in underlying, tax-paid ... More >>
NZ dollar little changed ahead of retail sales data
Monday, 16 February 2015, 8:47 am | BusinessDesk
Feb. 16 (BusinessDesk) - The New Zealand dollar is little changed from last week as traders await retail sales data amid expectations of quiet trading with US markets on holiday for President's Day. More >>
World Week Ahead: Greece, Fed minutes, Wal-Mart
Monday, 16 February 2015, 7:31 am | BusinessDesk
Feb. 16 (BusinessDesk) - This week’s attention is firmly on today’s start of a two-day meeting of euro-zone finance ministers aimed at negotiating a resolution for Greece’s financial struggles, and then minutes from the latest US Federal Reserve ... More >>
SkyCity will stick to $402M convention centre budget
Sunday, 15 February 2015, 2:29 pm | BusinessDesk
Feb. 15 (BusinessDesk) - Casino and hoospitality operator SkyCity Entertainment will go back to the drawing board to design an international convention centre for Auckland that costs no more than the $402 million originally proposed, ending a politically ... More >>
MARKET CLOSE: NZ shares rise, led by Fletcher
Friday, 13 February 2015, 5:42 pm | BusinessDesk
Feb. 13 (BusinessDesk) - New Zealand shares rose led by Fletcher Building ahead of its earnings report next week. Outside the NZX 50 Index, Michael Hill International jumped to a two-month high after posting a 46 percent gain in first-half profit. More >>
South Port forecasts flat annual profit
Friday, 13 February 2015, 5:26 pm | BusinessDesk
Feb. 13 (BusinessDesk) - South Port New Zealand, the Bluff port operator, expects annual profit to be relatively flat this year as farmers buy less fertiliser, stock food and fuel. More >>
NZ dollar retreats from overnight highs vs Aussie
Friday, 13 February 2015, 5:24 pm | BusinessDesk
Feb. 13 (BusinessDesk) - The New Zealand dollar retreated from its overnight highs against the Australian dollar and the greenback after nearing levels on the cross rate it has failed to breach before, attracting chart watchers and speculative sellers. More >>
NZ wool price rises 2.9% on strong demand
Friday, 13 February 2015, 5:08 pm | BusinessDesk
Feb. 13 (BusinessDesk) - New Zealand crossbred wool, which accounts for the majority of the country's production, increased 2.9 percent in the latest auctions on strong overseas demand. More >>
Magic Memories finds growth with ‘R&D by M&A’ strategy
Friday, 13 February 2015, 3:23 pm | BusinessDesk
Magic Memories, theme-park snappers, lure Silicon Valley funds with ‘R&D by M&A’ strategy More >>
Cue board rejects NZOG takeover offer
Friday, 13 February 2015, 2:53 pm | BusinessDesk
Feb. 13 (BusinessDesk) - Directors of ASX-listed Cue Energy Resources have advised shareholders to reject the 10 Australian cents per share takeover mounted by New Zealand Oil & Gas, saying it "substantially undervalues" the company ... More >>
Douglas Pharmaceuticals diversifies in in growth quests
Friday, 13 February 2015, 2:18 pm | BusinessDesk
Feb. 13 (BusinessDesk) - Douglas Pharmaceuticals, New Zealand’s largest developer and manufacturer of generic pharmaceuticals, is targeting annual revenues of $244 million by 2020 from $145 million today as it diversifies and seeks higher risk, ... More >>
