Scoop has an Ethical Paywall
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 859]
While you were sleeping: Greek talks continue
Thursday, 12 February 2015, 7:55 am | BusinessDesk
Feb. 12 (BusinessDesk) - Equities moved lower as investors remained focused on an outcome of Greek efforts to renegotiate the deals of its bailout which puts the euro at risk. More >>
English flags further macroprudential tools may be needed
Wednesday, 11 February 2015, 5:34 pm | BusinessDesk
Feb. 11 (BusinessDesk) - Minister of Finance Bill English says the government is heeding the Reserve Bank of New Zealand's call for more housing in Auckland's bubbling real estate market by trying to boost supply, while flagging that further macro prudential ... More >>
MARKET CLOSE: NZ shares rise led by Air NZ on falling oil
Wednesday, 11 February 2015, 5:30 pm | BusinessDesk
MARKET CLOSE: NZ shares rise led by Air NZ on falling oil; SkyCity gains on 1H More >>
NZ dollar gains vs. AUD on divergent central banks
Wednesday, 11 February 2015, 5:26 pm | BusinessDesk
Feb. 11 (BusinessDesk) - The New Zealand dollar extended its gains against the Australian dollar as divergent policy positions of the two countries' central banks boosted the relative appeal of the kiwi and local interest rates. More >>
NZ house sales rise 2.6% in Jan, median price dips from Dec
Wednesday, 11 February 2015, 3:35 pm | BusinessDesk
Feb. 11 (BusinessDesk) - New Zealand residential property sales rose in January from the same month last year, while data confirmed house prices in Auckland continue to gallop ahead of the rest of the country. More >>
Scion joins KiwiNet to boost forestry commercialisation
Wednesday, 11 February 2015, 3:06 pm | BusinessDesk
Feb. 11 (BusinessDesk) - Crown Research Institute Scion is the latest organisation to join the Kiwi Innovation Network (KiwiNet), a consortium aimed at increasing the scale and impact of scientific and technology based innovation in New Zealand. More >>
Administrator says Shanton has $4.4M more debt than assets
Wednesday, 11 February 2015, 3:03 pm | BusinessDesk
Shanton administrator says troubled clothing chain has $4.4 million shortfall in assets to debt More >>
CORRECT: Suncorp posts 15% gain in first-half profit
Wednesday, 11 February 2015, 1:50 pm | BusinessDesk
Feb. 11 (BusinessDesk) - Suncorp Group, the general and life insurer, lifted its dividend payment after recording a 15 percent jump in first-half profit, while warning of a potential A$118 million impact relating to reinsurance for the Canterbury earthquakes, ... More >>
SkyCity big spending plans may not deliver enough to profit
Wednesday, 11 February 2015, 1:41 pm | BusinessDesk
Feb. 11 (BusinessDesk) - SkyCity Entertainment Group, which has earmarked $800 million to expand and upgrade its Auckland and Adelaide businesses by 2020, has yet to convince investors that it will be money well spent. More >>
Suncorp posts 15% gain in first-half profit
Wednesday, 11 February 2015, 12:44 pm | BusinessDesk
Feb. 11 (BusinessDesk) - Suncorp Group, the general and life insurer, lifted its dividend payment after recording a 15 percent jump in first-half profit, while warning of a potential A$118 million impact relating to reinsurance for the Canterbury earthquakes, ... More >>
Vista agrees to buy US-based Ticketsoft
Wednesday, 11 February 2015, 12:32 pm | BusinessDesk
Feb. 11 (BusinessDesk) - Vista Group International, the cinema software and analytics company, has conditionally agreed to acquire Ticketsoft, a Dallas, Texas-based company whose software is used in more than 200 North American cinemas. More >>
English sets May 21 for National's seventh Budget
Wednesday, 11 February 2015, 12:17 pm | BusinessDesk
Feb. 11 (BusinessDesk) - Finance Minister Bill English has set May 21 as the date for National's seventh Budget. More >>
Too much uncertainty downs seabed phosphate mining plan
Wednesday, 11 February 2015, 12:07 pm | BusinessDesk
Feb. 11 (BusinessDesk) - Uncertainty about the impacts on the marine environment over-ruled "modest" economic benefits of the proposed Chatham Rock Phosphate seabed phosphate mining initiative, the decision-making committee appointed by the ... More >>
ASB first-half cash profit rises 9%
Wednesday, 11 February 2015, 11:55 am | BusinessDesk
Feb. 11 (BusinessDesk) - ASB, the local unit of Commonwealth Bank of Australia, posted a 9 percent gain in first-half cash profit and said favourable funding conditions allowed it to fatten its net interest margin., More >>
NZ retail spending on debit, credit cards up 0.9% in January
Wednesday, 11 February 2015, 11:21 am | BusinessDesk
Feb. 11 (BusinessDesk) - New Zealanders increased their spending on debit and credit cards in January, led by consumables and durables, while spending on fuel fell for a third straight month, reflecting the drop in global oil prices. More >>
Chatham Rock shares tumble 85% as EPA rejects mining consent
Wednesday, 11 February 2015, 10:56 am | BusinessDesk
Feb. 11 (BusinessDesk) - Chatham Rock Phosphate managing director Chris Castle says he is "aghast" that the Environmental Protection Authority declined to issue the would-be seabed miner with a marine consent to extract phosphate nodules ... More >>
Augusta buys Christchurch industrial park $9.4 million
Wednesday, 11 February 2015, 10:35 am | BusinessDesk
Feb. 11 (BusinessDesk) - August Capital, the listed property investor and fund manager, bought a Christchurch industrial park for $9.4 million with plans to on-sell the site via syndication. More >>
Sky City 1H profit falls 11% as Adelaide weighs
Wednesday, 11 February 2015, 10:15 am | BusinessDesk
Feb. 11 (BusinessDesk) - Sky City Entertainment Group, New Zealand's only listed casino company, posted an 11 percent decline in first-half profit as it got less benefit than expected from high roller customers and disruption from the redevelopment ... More >>
NZ dollar rises to 4-week high vs Aussie on yield appeal
Wednesday, 11 February 2015, 8:50 am | BusinessDesk
Feb. 11 (BusinessDesk) - The New Zealand dollar rose to its highest in almost four weeks against the Australian dollar as investors favoured the higher yields on offer in New Zealand. More >>
While you were sleeping: Optimism for Greek debt deal
Wednesday, 11 February 2015, 7:48 am | BusinessDesk
Feb. 11 (BusinessDesk) - Equities on both sides of the Atlantic advanced amid speculation Greece and its international lenders will reach a deal soon that would safeguard the euro. More >>
