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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 874]
MARKET CLOSE: NZ shares fall after Warehouse lowers guidance
Wednesday, 7 January 2015, 5:52 pm | BusinessDesk
Jan. 7 (BusinessDesk) - New Zealand shares fell, led by Warehouse Group as investors mulled a possible dividend cut after it downgraded first-half guidance. Fellow retailer Kathmandu Holdings paced the decline. Goodman Property Trust gained as investors ... More >>
NZ dollar holds near post-float high vs. A$
Wednesday, 7 January 2015, 5:06 pm | BusinessDesk
Jan. 7 (BusinessDesk) - The New Zealand dollar held near a post-float high against its Australian counterpart as diverging prices for the neighbouring nations' major export commodities painted a rosier picture for the local outlook, and stoked demand ... More >>
NZ commodity prices fall for 10th month in December
Wednesday, 7 January 2015, 1:34 pm | BusinessDesk
Jan. 7 (BusinessDesk) - New Zealand commodity prices declined for the 10th consecutive month in December, posting their biggest annual drop in 2-1/2 years, as whole milk powder prices fell. More >>
UPDATE: Warehouse says 1H profit will fall on weak sales
Wednesday, 7 January 2015, 1:00 pm | BusinessDesk
Jan. 7 (BusinessDesk) - Warehouse Group, New Zealand's largest listed retailer, expects first-half earnings to fall about 20 percent as cold, wet spring and summer weather forced it to discount clothing and other seasonal merchandise at its 'red sheds' ... More >>
Warehouse says 1H profit will fall as sales miss targets
Wednesday, 7 January 2015, 11:09 am | BusinessDesk
Jan. 7 (BusinessDesk) - Warehouse Group, New Zealand's largest listed retailer, expects first-half earnings to fall about 20 percent as cold, wet spring and summer weather forced it to discount clothing and other seasonal merchandise at its 'red sheds' ... More >>
NZ dollar gains after dairy auction, China stimulus
Wednesday, 7 January 2015, 8:49 am | BusinessDesk
Jan. 7 (BusinessDesk) - The New Zealand dollar rose after lower volumes helped push up prices at Fonterra Cooperative Group's GlobalDairyTrade auction overnight. The kiwi touched a fresh post-float high against the Australian dollar as investors favour ... More >>
Education Ministry faces smaller bill for leaky schools
Wednesday, 7 January 2015, 7:47 am | BusinessDesk
NZ Education Ministry faces smaller bill than feared for leaky schools, as Carter suit looms More >>
While you were sleeping: Oil hammers stocks
Wednesday, 7 January 2015, 7:45 am | BusinessDesk
Jan. 7 (BusinessDesk) - Stocks slid with oil, while Bill Gross warned investors that the good times are over. More >>
Dairy product prices climb, bolstered by butter
Wednesday, 7 January 2015, 6:45 am | BusinessDesk
Jan. 7 (BusinessDesk) - Dairy product prices increased in the latest GlobalDairyTrade auction, led by gains in butter and butter milk powder. More >>
MARKET CLOSE: NZ shares fall, led by Steel & Tube, NZOG
Tuesday, 6 January 2015, 5:50 pm | BusinessDesk
Jan. 6 (BusinessDesk) - New Zealand shares fell, led by Steel & Tube Holdings, New Zealand Oil and Gas and Fletcher Building, joining a global sell off in equities in the face of weaker crude oil and euro zone economic weakness. Defensive, income-paying ... More >>
NZ dollar gains on Australian trade figures, China services
Tuesday, 6 January 2015, 5:16 pm | BusinessDesk
Jan. 6 (BusinessDesk) - The New Zealand dollar gained after better than expected Australian trade data and upbeat Chinese services sector figures stoked optimism about demand for the trans-Tasman currencies. More >>
Canterbury farmers fear drought as region driest in a decade
Tuesday, 6 January 2015, 3:32 pm | BusinessDesk
Jan. 6 (BusinessDesk) - Canterbury is on the verge of a 20th century-style drought with the southern region the driest it has been in a decade, forcing farmers to sell surplus stock and leading to restrictions on irrigation as the area waits for rain. More >>
NZOG says Pateke well reserves smaller than initial estimate
Tuesday, 6 January 2015, 12:44 pm | BusinessDesk
Jan. 6 (BusinessDesk) - New Zealand Oil & Gas, the exploration company, says the Pateke-4H well in the Tui oilfield off the Taranaki coast will boost the field's reserves by less than initially thought. More >>
Gerry Harvey's NZ Thoroughbred unit extends losses
Tuesday, 6 January 2015, 12:39 pm | BusinessDesk
Jan. 6 (BusinessDesk) - NZ Thoroughbred Holdings, Australian retailing billionaire Gerry Harvey's local bloodstock business, posted a wider full-year loss as the owner of Westbury Stud builds its line-up of stallions. More >>
Auckland house prices hit new record in December
Tuesday, 6 January 2015, 10:55 am | BusinessDesk
Jan. 6 (BusinessDesk) - Auckland's average house sale price rose to a new record in December as sales volumes for the month surged to a 12-year high amid tight supply, according to the city's largest real estate agency. More >>
NZ dollar rises vs. euro on inflation, Greece concerns
Tuesday, 6 January 2015, 8:40 am | BusinessDesk
NZ dollar rises to five-month high vs. euro on concerns about low inflation, Greece More >>
While you were sleeping: Stocks, oil down slippery slope
Tuesday, 6 January 2015, 7:34 am | BusinessDesk
Jan. 6 (BusinessDesk) - Stocks slid in both Europe and on Wall Street with oil prices tumbling amid concern the slump in energy could crimp global economic growth. More >>
MARKET CLOSE: NZX 50 rises to record, led by AIA, FBU
Monday, 5 January 2015, 5:32 pm | BusinessDesk
Jan. 5 (BusinessDesk) - The NZX 50 climbed to a record in the market's first day of trading for 2015, led by Auckland International Airport and Fletcher Building as investors looked for cheaper stocks in a fully priced market. Chorus, the benchmark's ... More >>
NZ dollar falls as greenback rises on ECB stimulus prospects
Monday, 5 January 2015, 5:08 pm | BusinessDesk
Jan. 5 (BusinessDesk) - The New Zealand dollar fell as investors rallied behind the greenback on heightened speculation the European Central Bank will ramp up its stimulus package to revive the region's moribund economy. More >>
NZ new vehicle sales rise to a record in 2014
Monday, 5 January 2015, 2:43 pm | BusinessDesk
NZ new vehicle sales rise to a record in 2014; modest gains expected in 2015 More >>
