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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 870]
Hallenstein 1H earnings may rise by a third on robust Xmas
Monday, 19 January 2015, 9:14 am | BusinessDesk
Jan. 19 (BusinessDesk) - Hallenstein Glasson, which operates the Hallensteins, Glassons and Storm clothing chains in New Zealand and Australia, expects first-half earnings to rise by about a third after robust Christmas trading with positive growth continuing ... More >>
NZ dollar hits fresh record vs. euro on prospect of QE
Monday, 19 January 2015, 8:42 am | BusinessDesk
Jan. 19 (BusinessDesk) - The New Zealand dollar hit a fresh record against the euro amid heightened expectations the European Central Bank will launch a quantitative easing programme at its meeting this week. More >>
World Week Ahead: Will the ECB move?
Monday, 19 January 2015, 7:47 am | BusinessDesk
Jan. 19 (BusinessDesk) - Investors will eye the latest US corporate earnings including from Morgan Stanley and IBM, while European central bankers meet this week amid increased expectations they will announce a sovereign debt purchase programme on Thursday. More >>
MARKET CLOSE: NZ shares fall as stocks give up gains
Friday, 16 January 2015, 5:53 pm | BusinessDesk
Jan. 16 (BusinessDesk) - New Zealand shares fell as investors looked to crystalise recent gains, Summerset Group Holdings, Diligent Board Member Services and Meridian Energy fell. Kathmandu Holdings declined as investors await the appointment of a ... More >>
NZ dollar heads for 1.9% weekly gain vs. euro after SNB
Friday, 16 January 2015, 5:46 pm | BusinessDesk
NZ dollar heads for 1.9% weekly gain vs. euro as SNB action seen signalling QE More >>
NZ Global Brokers shuts doors after FX losses mount on SNB
Friday, 16 January 2015, 5:40 pm | BusinessDesk
Jan. 16 (BusinessDesk) - The Financial Markets Authority is seeking assurances investors' money is protected following Global Brokers NZ, the Auckland-based currency and futures dealer, shutting its doors after facing foreign exchange losses on the Swiss franc ... More >>
UDPATE: Briscoe's Duke keeps silent on Pumpkin Patch rumour
Friday, 16 January 2015, 3:24 pm | BusinessDesk
Jan. 16 (BusinessDesk) - Rod Duke, majority shareholder and managing director of Briscoe Group, has refused comment on market speculation that he may take control of struggling childswear retailer Pumpkin Patch. More >>
Chatham Rock decision pushed out to February
Friday, 16 January 2015, 2:39 pm | BusinessDesk
Jan. 16 (BusinessDesk) - The Environmental Protection Agency's decision-making committee considering the consent for would-be phosphate miner Chatham Rock Phosphate expects to make a ruling on the project next month after some of its members were busy over ... More >>
NZ wool prices fall as increased supply, soft demand weigh
Friday, 16 January 2015, 12:42 pm | BusinessDesk
Jan. 16 (BusinessDesk) - New Zealand crossbred wool, which accounts for the majority of the country's production, fell at auction this week as higher volumes and soft demand weighed on prices. More >>
Briscoe's Rod Duke keeps silent on Pumpkin Patch speculation
Friday, 16 January 2015, 11:59 am | BusinessDesk
Jan. 16 (BusinessDesk) - Rod Duke, majority shareholder and managing director of Briscoe Group, has refused comment on market speculation that he may take control of struggling childswear retailer Pumpkin Patch. More >>
ACC buys bulk of Utilico's Infratil share sale
Friday, 16 January 2015, 11:47 am | BusinessDesk
Jan. 16 (BusinessDesk) - The Accident Compensation Corp's investment arm, which manages $26.96 billion of assets to help fund the state-owned workplace insurer, lifted its stake in infrastructure investor Infratil, buying most of the shares sold by UK investment ... More >>
Synlait Milk talks down threat of dry Canterbury conditions
Friday, 16 January 2015, 11:23 am | BusinessDesk
Jan. 16 (BusinessDesk) - Synlait Milk, which plans to take a quarter-stake in Sichuan New Hope Nutritional Foods Co to gain a direct interest in a Chinese infant formula brand, has talked down the threat of dry conditions in Canterbury, saying its farmer ... More >>
NZ guest nights rise for fifth consecutive month in November
Friday, 16 January 2015, 11:22 am | BusinessDesk
Jan. 16 (BusinessDesk) - New Zealand guest nights rose for a fifth month in November, with the inaugural Queenstown International Marathon boosting visitors to the Otago region. More >>
Morel, Martin cut stakes in Martin Aircraft pre-IPO
Friday, 16 January 2015, 10:58 am | BusinessDesk
Jan. 16 (BusinessDesk) - Jenny Morel's venture capital firm No. 8 Ventures and Martin Aircraft Co founder Glenn Martin plan to cut their stakes in the jetpack business ahead of a planned initial public offer, which will see China-based investor KuangChi ... More >>
NZ dollar jumps to 6-week high vs. USD, record vs. euro
Friday, 16 January 2015, 8:57 am | BusinessDesk
NZ dollar jumps to 6-week high vs. USD, record vs. euro, on demand for yield More >>
While you were sleeping: Swiss central bank shock
Friday, 16 January 2015, 7:46 am | BusinessDesk
Jan. 16 (BusinessDesk) - Swiss equities plunged after a surprise decision by the Swiss National Bank to abandon its effort to check the continuing appreciation of the franc against the euro, days after recommitting to the currency’s defence. More >>
Utilico reaps $30.7 mln in Infratil share sell-down
Thursday, 15 January 2015, 5:42 pm | BusinessDesk
Jan. 15 (BusinessDesk) - Utilico Investments, a UK investor managed by Infratil director Duncan Saville, reaped $30.7 million selling down its stake in Infratil with the shares trading near a seven-year high. More >>
MARKET CLOSE: NZ shares fall from record, led by Warehouse
Thursday, 15 January 2015, 5:34 pm | BusinessDesk
Jan. 15 (BusinessDesk) - New Zealand shares fell from a record led by Warehouse Group, as the retailer extended its decline after poor Christmas sales. Kathmandu Holdings paced the fall while dividend-paying stocks, including Meridian Energy, Precinct ... More >>
NZ dollar drops to month low vs Aussie as jobs rise
Thursday, 15 January 2015, 5:23 pm | BusinessDesk
Jan. 15 (BusinessDesk) - The New Zealand dollar dropped to a month low against its trans-Tasman counterpart after a better than expected jobs report eased fears about Australia's economy. More >>
Goodman Fielder patents start drift into smart foods
Thursday, 15 January 2015, 3:25 pm | BusinessDesk
Jan. 15 (BusinessDesk) - Goodman Fielder, the food ingredients manufacturer facing a takeover from Wilmar International and First Pacific Co, will commercialise three new food products this year with health benefits for consumers – the first of a ... More >>
