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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 860]
Millennium & Copthorne lifts annual profit 11%
Tuesday, 10 February 2015, 7:01 pm | BusinessDesk
Feb. 10 (BusinessDesk) - Millennium & Copthorne Hotels New Zealand, one of New Zealand’s largest hotel operators, has lifted annual profit 11 percent and its dividend after the property development business it controls, CDL Investments, reported ... More >>
MARKET CLOSE: NZ shares rise; SkyCity gains
Tuesday, 10 February 2015, 5:48 pm | BusinessDesk
Feb. 10 (BusinessDesk) - New Zealand shares rose, paced by Sky City Entertainment Group after Prime Minister John Key said he wouldn't rule out government funding to help it build its Auckland convention centre. Guinness Peat Group fell. More >>
NZ dollar may extend gains as traders query greenback's rise
Tuesday, 10 February 2015, 5:46 pm | BusinessDesk
Feb. 10 (BusinessDesk) - The New Zealand dollar may extend its gains, buoyed by a recovery in dairy prices, relatively high interest rates and questions about the greenback's ability to continue rising. More >>
National 'won't walk away' from convention centre: Little
Tuesday, 10 February 2015, 5:02 pm | BusinessDesk
Feb. 10 (BusinessDesk) - The government will do whatever it can to ensure the Auckland convention centre is built under a deal with SkyCity Entertainment Group, said Labour Party leader Andrew Little in his speech at the opening of Parliament for 2015. More >>
RESEND: NZ councils in good financial health
Tuesday, 10 February 2015, 3:45 pm | BusinessDesk
RESEND: NZ councils in good financial health with debt costs dropping but future funding still a concern More >>
CDL Investments lifts first-half profit, dividend
Tuesday, 10 February 2015, 2:33 pm | BusinessDesk
Feb. 10 (BusinessDesk) - CDL Investments, the residential property developer controlled by Millennium & Copthorne Hotels New Zealand, posted a 9.7 percent increase in first-half profit on a jump in sales of sections. More >>
NZ councils in good financial health with debt costs falling
Tuesday, 10 February 2015, 1:57 pm | BusinessDesk
NZ councils in good financial health with debt costs dropping but future funding still a concern More >>
NZ government appoints taskforce to slash property red tape
Tuesday, 10 February 2015, 1:29 pm | BusinessDesk
Feb. 10 (BusinessDesk) - Paula Bennett, minister of local government, has appointed a rules reduction taskforce with the intent to slash regulatory red tape in the property and building sector. More >>
Delegat first-half operating profit rose 1% to $20.5 mln, re
Tuesday, 10 February 2015, 11:47 am | BusinessDesk
Delegat first-half operating profit rose 1% to $20.5 mln, reiterates full-year guidance More >>
Enprise may raise $4.8 mln in share purchase plan to expand
Tuesday, 10 February 2015, 11:01 am | BusinessDesk
Feb. 10 (BusinessDesk) - Enprise Group, the software company that listed on the NZAX in December, may raise as much as $4.8 million in a share purchase plan to fund its expansion plans. More >>
Argosy buys 5 Wellington industrial properties for $59 mln
Tuesday, 10 February 2015, 10:03 am | BusinessDesk
Feb. 10 (BusinessDesk) - Argosy Property, the listed property investor, has spent $59 million buying five industrial sites in Wellington as part of a plan to reduce exposure to retail properties. More >>
Airwork affirms annual profit growth forecast
Tuesday, 10 February 2015, 9:28 am | BusinessDesk
Feb. 10 (BusinessDesk) - Airwork Holdings, the listed aviation business, still expects annual earnings to climb 48 percent this financial year even as a slowdown in helicopter trading weighs on revenue. More >>
NZ dollar rebounds to pre-OCR levels on higher yields
Tuesday, 10 February 2015, 8:40 am | BusinessDesk
Feb. 10 (BusinessDesk) - The New Zealand dollar has regained ground lost after the Reserve Bank moved its policy to neutral late last month, as investors are attracted to the country's higher yield in a global economy where other central banks are cutting ... More >>
While you were sleeping: Uncertainty on the rise
Tuesday, 10 February 2015, 7:52 am | BusinessDesk
Feb. 10 (BusinessDesk) - Wall Street moved lower alongside European equities amid increasing concern about a standoff between Greece and its international creditors. More >>
MARKET CLOSE: NZ shares fall; Spark, Precinct, Meridian drop
Monday, 9 February 2015, 5:40 pm | BusinessDesk
Feb. 9 (BusinessDesk) - New Zealand shares fell from a record close paced by Meridian Energy, Precinct Properties New Zealand and Spark New Zealand, as the appetite for regular dividend paying stocks waned. Sky City Entertainment Group fell, ahead of ... More >>
UPDATE: Van Heeren's former business partner seeks US$25M
Monday, 9 February 2015, 5:04 pm | BusinessDesk
Feb. 9 (BusinessDesk) - South Africa-based Michael Kidd is seeking US$25 million from his former partner, high-flying businessman Alex van Heeren, who is disputing they ever had a formal partnership. More >>
Salt Funds lifts strake in Methven to 7.8%
Monday, 9 February 2015, 3:38 pm | BusinessDesk
Salt Funds emerges as one of the biggest holders of Methven with 7.8% stake More >>
Spark's Revera sued by consultant claiming fee over sale
Monday, 9 February 2015, 3:10 pm | BusinessDesk
Feb. 9 (BusinessDesk) - Revera, a data centre company, has been sued by a consultant who claims he missed out on $3.1 million in commission fees when the business was sold to Spark New Zealand in 2013. More >>
CORRECT: Van Heeren's former business partner seeks $25M
Monday, 9 February 2015, 2:31 pm | BusinessDesk
Feb. 9 (BusinessDesk) - Michael Kidd, a former partner of high-flying businessman Alex van Heeren in ventures including the Huka Lodge, is seeking a US$25 million interim payment in a long-running dispute over the division of assets when their ... More >>
RESEND: Van Heeren's former business partner seeks US$25M
Monday, 9 February 2015, 1:09 pm | BusinessDesk
RESEND: Van Heeren's former business partner Michael Kidd seeks US$25M, High Court hears More >>
