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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 858]
US FAA approved drone maker Aeronavics to crowd fund $1.5M
Friday, 13 February 2015, 11:47 am | BusinessDesk
Feb. 13 (BusinessDesk) - Aeronavics, a Waikato-based drone company with one of only two US Federal Aviation Authority permissions to be used for filming, is looking to raise up to $1.5 million via equity crowd funding. More >>
NZ food prices rise 1.3% in January
Friday, 13 February 2015, 11:44 am | BusinessDesk
Feb. 13 (BusinessDesk) - New Zealand food prices rose in January, as a smaller, later apple crop drove prices for the fruit to the highest in 16 years, while kiwifruit, strawberries, tomatoes and lettuces all rose. More >>
CHH organises its way into new paper bag factory
Friday, 13 February 2015, 11:28 am | BusinessDesk
Feb. 13 (BusinessDesk) - The new Japanese owners of the pulp and paper manufacturer arm of Carter Holt Harvey are to invest $30 million into an upgrade of the company's Penrose, Auckland, bag-making facility, which services the dairy, food, agriculture, ... More >>
Michael Hill shares jump 7% after 1H profit rises 46%
Friday, 13 February 2015, 11:20 am | BusinessDesk
Feb. 13 (BusinessDesk) - Michael Hill International shares rose as much as 7 percent after the jewellery chain posted a 46 percent rise in first-half profit. More >>
CORRECT: Michael Hill posts 46% gain in 1H profit
Friday, 13 February 2015, 10:23 am | BusinessDesk
Feb. 13 (BusinessDesk) - Michael Hill International, the jewellery chain bearing the name of its founder, posted a 46 percent gain in first-half profit after cutting costs to offset declining sales in its largest market of Australia, and boosting ... More >>
Michael Hill posts 46% gain in 1H profit
Friday, 13 February 2015, 9:46 am | BusinessDesk
Feb. 13 (BusinessDesk) - Michael Hill International, the jewellery chain bearing the name of its founder, posted a 46 percent gain in first-half profit after cutting costs to offset weaker sales in its largest market of Australia, and boosting earnings ... More >>
NZ dollar edges closer to record high against Aussie
Friday, 13 February 2015, 8:37 am | BusinessDesk
Feb. 13 (BusinessDesk) - The New Zealand dollar edged closer to its record against the Australian dollar overnight after Australia's weaker than expected labour data yesterday highlighted the better performing New Zealand economy. More >>
While you were sleeping: Cisco jumps
Friday, 13 February 2015, 7:54 am | BusinessDesk
Feb. 13 (BusinessDesk) - Wall Street climbed, bolstered by gains in shares of Cisco and a ceasefire agreement between Russia and Ukraine, and optimism about Greek debt talks. More >>
NZ dollar climbs back above 96 Australian cents
Thursday, 12 February 2015, 5:30 pm | BusinessDesk
Feb. 12 (BusinessDesk) - The New Zealand dollar rose above 96 Australian cents for the first time in five weeks, after data showed a weaker-than-expected Australian labour market, stoking talk the two currencies could reach parity. More >>
Seabed miners vow to try again after setbacks
Thursday, 12 February 2015, 4:45 pm | BusinessDesk
Feb. 12 (BusinessDesk) - Both seabed mining companies that have had applications to mine in New Zealand's Exclusive Economic Zone say they intend to keep their projects alive. More >>
Wallace Corp backs Ligar to commercialise novel polymers
Thursday, 12 February 2015, 4:32 pm | BusinessDesk
Feb. 12 (BusinessDesk) - Ligar, a startup developing molecularly imprinted polymers (MIPs), has secured an investment of hundreds of thousands of dollars from Wallace Corp, operator of New Zealand's largest animal products rendering facility, to fund ... More >>
NZ Post to extend trial of mobility scooters to cut costs
Thursday, 12 February 2015, 3:52 pm | BusinessDesk
NZ Post to extend trial of mobility scooters to cut costs of mail, freight deliveries More >>
NZ orange roughy exports accelerate as fish stocks recover
Thursday, 12 February 2015, 2:34 pm | BusinessDesk
Feb. 12 (BusinessDesk) - New Zealand orange roughy exports are accelerating as catch limits of the deepwater fish, once a poster child for bad fisheries management, increase amid confidence about improving stocks. More >>
APN sits tight, delays NZME float for at least a year
Thursday, 12 February 2015, 1:25 pm | BusinessDesk
Feb. 12 (BusinessDesk) - APN News and Media, the Australian publisher of The New Zealand Herald newspaper, has put off the public share float for its newly consolidated kiwi business, NZME, as it announced an annual profit fall of 11 percent for its ... More >>
Drought declared on NZ's South Island east coast
Thursday, 12 February 2015, 12:54 pm | BusinessDesk
Feb. 12 (BusinessDesk) - The government has declared drought conditions on the east coast of the South Island, triggering a range of support measures, and said the tax department will invoke income equalisation rules that give farmers more flexibility ... More >>
China economic reform low on government priority list
Thursday, 12 February 2015, 12:01 pm | BusinessDesk
Feb. 12 (BusinessDesk) - Economic reform in China, one of New Zealand’s largest trading partners accounting for 22 percent of exports, is a lower priority than trying to save the future of the Communist party, according to Wall Street Journal columnist ... More >>
NZOG seeks 30% of Cue Energy via full takeover bid
Thursday, 12 February 2015, 11:35 am | BusinessDesk
Feb. 12 (BusinessDesk) - New Zealand Oil & Gas is fulfilling industry analysts' predictions that falling oil prices would prompt mergers and acquisitions among smaller local oil and gas players by mounting a full takeover bid for Cue Energy. More >>
NZ manufacturing activity falls to 2-year low in January
Thursday, 12 February 2015, 11:30 am | BusinessDesk
Feb. 12 (BusinessDesk) - New Zealand manufacturing activity fell to a two-year low in January, as production declined for the first time in two-and-a-half years, new orders were flat and inventory jumped. More >>
LIC lifts first-half profit 10% on demand for dairy breeding
Thursday, 12 February 2015, 11:22 am | BusinessDesk
Feb. 12 (BusinessDesk) - Livestock Improvement Corp, a farmer cooperative that sells bull semen and provides a dairy genetics database, posted a 10 percent gain in first-half profit on increased demand for its products and services. More >>
NZ dollar rises to 5-week high vs Aussie ahead of jobs data
Thursday, 12 February 2015, 8:55 am | BusinessDesk
Feb. 12 (BusinessDesk) - The New Zealand dollar jumped to its highest in almost five weeks against the Australian dollar, edging closer to its post-float high, as investors favour the outlook for the stronger New Zealand economy ahead of a report which may ... More >>
