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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 868]
MightyRiverPower to keep energy price on hold
Thursday, 22 January 2015, 9:03 am | BusinessDesk
Jan. 22 (BusinessDesk) - MightyRiverPower, the first of the state-owned power companies to be partially privatised in 2013, will keep the price it charges for electricity on hold for a third year in a row, but again will pass on any movements in the transmission ... More >>
GeoOp user growth accelerates in December quarter
Thursday, 22 January 2015, 8:51 am | BusinessDesk
Jan. 22 (BusinessDesk) - GeoOp, whose software allows mobile businesses such as builders to manage their workforce, reported accelerating growth in user numbers through the final three months of 2014. More >>
NZ dollar falls to 2 1/2 year low after Canadian rates cut
Thursday, 22 January 2015, 8:38 am | BusinessDesk
NZ dollar falls to 2 1/2 year low after Canadian central bank cuts rates More >>
While you were sleeping: Stocks advance on ECB reports
Thursday, 22 January 2015, 7:55 am | BusinessDesk
Jan. 22 (BusinessDesk) - Equities on both sides of the Atlantic rose after reports that the European Central Bank plans to spend 50 billion euros a month on debt purchases to stoke the languid euro-zone economy and ward off deflation. More >>
RMA adds $30B to housing costs, stopped 40k houses: Smith
Wednesday, 21 January 2015, 6:11 pm | BusinessDesk
Jan. 21 (BusinessDesk) - The Resource Management has added as much as $30 billion to the cost of new homes and stopped as many as 40,000 being built in the last decade, says Environment Minister Nick Smith in a speech outlining a wide-ranging 10 point ... More >>
MARKET CLOSE: NZX 50 rises to record; power coys gain
Wednesday, 21 January 2015, 5:32 pm | BusinessDesk
Jan. 21 (BusinessDesk) - New Zealand shares rose to a record paced by MightyRiverPower, Genesis Energy and Meridian Energy as the prospect of lower interest rates for longer lured investors to stocks with regular dividends. Fletcher Building gained. More >>
NZ dollar falls on deflation, fading case for rate hikes
Wednesday, 21 January 2015, 5:16 pm | BusinessDesk
Jan. 21 (BusinessDesk) - The New Zealand dollar fell after a slower-than-expected pace of annual inflation stoked speculation the country's Reserve Bank will refrain from raising interest rates as quickly as it had previously indicated, with some ... More >>
Finance Minister English to keep lid on public sector wages
Wednesday, 21 January 2015, 1:40 pm | BusinessDesk
Jan. 21 (BusinessDesk) - Finance Minister Bill English has warned public sector employees will face "restrained" wage increases as he tries to get the government books back in the black while contending with lower than expected inflation. More >>
NZ skilled job vacancies rise in Dec as Chch spurs hiring
Wednesday, 21 January 2015, 12:38 pm | BusinessDesk
Jan. 21 (BusinessDesk) - The number of skilled vacancies advertised online in New Zealand rose 1.1 percent last month to its highest level in nearly six years as the Canterbury rebuild increased demand for skilled construction workers and engineers, ... More >>
UPDATE: NZ inflation falls below RBNZ's target
Wednesday, 21 January 2015, 12:09 pm | BusinessDesk
Jan. 21 (BusinessDesk) - New Zealand's annual pace of inflation slowed to below the Reserve Bank's target band in the final three months of the year, giving governor Graeme Wheeler more room to keep the benchmark interest rate lower for longer. More >>
StretchSense wins world recognition in wearable tech space
Wednesday, 21 January 2015, 12:01 pm | BusinessDesk
Jan. 21 (BusinessDesk) - StretchSense, a start-up which develops and manufactures wearable sensors, has been selected by an international jury as one of the world’s most innovative wearable technology companies. More >>
NZ consumer prices fall 0.2% in December quarter
Wednesday, 21 January 2015, 10:58 am | BusinessDesk
Jan. 21 (BusinessDesk) - New Zealand consumer prices fell in the final three months of 2014 as plunging oil prices prompted cheaper deals at the petrol pump and led to the first quarter of deflation since December 2012. The New Zealand dollar dropped. More >>
T&G annual pre-tax profit to rise as much as 20%
Wednesday, 21 January 2015, 10:05 am | BusinessDesk
Jan. 21 (BusinessDesk) - Turners & Growers, the fruit marketer majority owned by Germany's BayWa, expects its pre-tax annual profit to rise as much as 20 percent. More >>
NZ dollar declines ahead of 4Q inflation data
Wednesday, 21 January 2015, 8:40 am | BusinessDesk
Jan. 21 (BusinessDesk) - The New Zealand dollar declined ahead of consumer prices data due this morning which is expected to show annual inflation dipped below the Reserve Bank's target, likely keeping interest rates on hold for an extended period. More >>
While you were sleeping: IMF sees slowing growth
Wednesday, 21 January 2015, 7:55 am | BusinessDesk
Jan. 21 (BusinessDesk) - Wall Street fell amid disappointing results from Johnson & Johnson and Morgan Stanley, and after the International Monetary Fund downgraded its forecast for global economic growth for this year and next. More >>
Dairy product prices rise, led by whole milk powder
Wednesday, 21 January 2015, 7:06 am | BusinessDesk
Jan. 21 (BusinessDesk) - Dairy product prices rose in the latest GlobalDairyTrade auction, bolstered by gains in whole milk powder and rennet casein. More >>
ANZ cuts 2014/15 Fonterra payout forecast to $4.35/kgMS
Tuesday, 20 January 2015, 5:56 pm | BusinessDesk
Jan. 20 (BusinessDesk) - ANZ Bank New Zealand has further cut its forecast payout to Fonterra Cooperative Group's shareholder farmers in the 2014/15 season to $4.35 per kilogram of milksolids, adding almost a billion dollars more to the hit it expects ... More >>
Infratil executive Lib Petagna continues share sell-down
Tuesday, 20 January 2015, 5:55 pm | BusinessDesk
Jan. 20 (BusinessDesk) - Lib Petagna, the chief investment officer of HRL Morrison & Co, which manages Infratil, has continued to sell down his stake in the listed infrastructure investor at the same time as long-time Infratil backer Utilico Investments ... More >>
MARKET CLOSE:NZ shares fall led by Pacific Edge; MRP gains
Tuesday, 20 January 2015, 5:37 pm | BusinessDesk
Jan. 20 (BusinessDesk) - New Zealand shares fell, led by Pacific Edge and Tower as investors looked to cash in some profits on fully-valued stocks ahead of the upcoming reporting season. Companies with steady income streams such as MightyRiverPower, ... More >>
Mega reverse listing target TRS pushes out deadline again
Tuesday, 20 January 2015, 5:24 pm | BusinessDesk
Jan. 20 (BusinessDesk) - TRS Investments has again pushed out its deadline to complete a reverse listing of file storage and encryption firm Mega, this time by another two months. More >>
