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 875]
Flight Centre NZ lifts FY profit 28% as more kiwis travel
Monday, 5 January 2015, 2:05 pm | BusinessDesk
Jan. 5 (BusinessDesk) - Flight Centre (NZ), the local arm of the Australian travel agent, lifted annual profit 28 percent in 2014 as more New Zealanders travelled overseas. More >>
Toll NZ cuts deal with tax department over convertible notes
Monday, 5 January 2015, 1:50 pm | BusinessDesk
Jan. 5 (BusinessDesk) - Toll Holdings' New Zealand unit settled its dispute with the Inland Revenue Department last year over its use of convertible notes to fund trans-Tasman transactions a decade ago, and expects the $22.9 million provision it ... More >>
CORRECT: Fairfax pulls $67.5 mln dividend from NZ in 2014
Monday, 5 January 2015, 1:37 pm | BusinessDesk
Jan. 5 (BusinessDesk) - Fairfax Media Group, the Australian publisher which is merging its radio network into ASX-listed Macquarie Radio Network, pulled a $67.5 million dividend from its New Zealand unit last year, as a series of cost-cutting exercises ... More >>
Fairfax pulls $67.5 mln dividend from NZ unit in 2014
Monday, 5 January 2015, 1:06 pm | BusinessDesk
Jan. 5 (BusinessDesk) - Fairfax Media Group, the Australian publisher which is merging its radio network into ASX-listed Macquarie Radio Network, pulled a $67.5 million dividend from its New Zealand unit last year, as a series of cost-cutting exercises ... More >>
NZ Dollar Outlook: Kiwi may decline amid upbeat US jobs data
Monday, 5 January 2015, 1:00 pm | BusinessDesk
NZ Dollar Outlook: Kiwi may decline amid upbeat US jobs data as dairy auction weighs More >>
UPDATE: Wynyard shares gain 6.7% after new contract signed
Monday, 5 January 2015, 10:52 am | BusinessDesk
Jan. 5 (BusinessDesk) - Shares of Wynyard Group rose 6.7 percent after the security software firm signed a $3.2 million contract with an unidentified national security bureau, which it says reduces the risk of the firm missing its 2014 revenue target. More >>
Wynyard signs $3.2 mln contract
Monday, 5 January 2015, 9:00 am | BusinessDesk
Jan. 5 (BusinessDesk) - Wynyard Group, the security software firm, has signed a $3.2 million contract with an unidentified national security bureau, which it says reduces the risk of the firm missing its 2014 revenue target. More >>
NZ dollar weakens as investors back US economic recovery
Monday, 5 January 2015, 8:43 am | BusinessDesk
Jan. 5 (BusinessDesk) - The New Zealand dollar fell as investors bet a strengthening US economy will prompt the Federal Reserve to push up interest rates in the world's largest economy this year. More >>
World Week Ahead: Fed minutes, US jobs
Monday, 5 January 2015, 7:17 am | BusinessDesk
Jan. 5 (BusinessDesk) - Investors will scrutinise the minutes from the US Federal Reserve December policy meeting at which it promised patience in raising interest rates, released on Wednesday, as well as the latest US jobs data. More >>
NZ dollar heads for 4.2% decline in 2014
Wednesday, 31 December 2014, 3:43 pm | BusinessDesk
NZ dollar heads for 4.2% decline in 2014, reflecting weaker dairy prices, stronger greenback More >>
MARKET CLOSE: NZ shares fall, rounding out 18% annual gain
Wednesday, 31 December 2014, 1:54 pm | BusinessDesk
Dec. 31 (BusinessDesk) - New Zealand shares fell on the last day of 2014, rounding out an 18 percent annual gain that was led by telecommunications network operator Chorus on a rebound from the threat of regulation in 2013. Air New Zealand led decliners ... More >>
NZ's record beef prices set to continue into 2015: Rabobank
Wednesday, 31 December 2014, 12:50 pm | BusinessDesk
Dec. 31 (BusinessDesk) - Record beef prices are expected to continue for New Zealand farmers early in 2015, underpinned by tight supply and strong demand, according to Rabobank's latest quarterly beef report. More >>
Woosh FY sales fall 14% on waning customer numbers
Wednesday, 31 December 2014, 11:17 am | BusinessDesk
Dec. 31 (BusinessDesk) - Woosh Wireless, the internet service provider, reported a 14 percent drop in annual sales as it shed customers, while clamping down on costs to limit losses, according to its parent company's financial statements. More >>
NZ dollar rises to post-float record against Aussie
Wednesday, 31 December 2014, 8:53 am | BusinessDesk
Dec. 31 (BusinessDesk) - The New Zealand dollar rose to its highest against the Australian dollar since the Aussie was floated in 1983, as investors favour the outlook for the New Zealand economy where interest rates are set to rise further, compared with ... More >>
While you were sleeping: Equities move lower
Wednesday, 31 December 2014, 7:31 am | BusinessDesk
Dec. 31 (BusinessDesk) - Stocks in Europe and on Wall Street slid, pushing the S&P 500 down from Tuesday’s record-high close, as some investors sought to lock in profits before the end of a solid year. More >>
MARKET CLOSE: NZ shares fall, led by Auckland Airport
Tuesday, 30 December 2014, 5:45 pm | BusinessDesk
Dec. 30 (BusinessDesk) - New Zealand shares fell in light trading, with many institutional investors absent from the market for summer holidays. Auckland International Airport and Vector led the decline. More >>
NZ dollar holds gains as yield advantage draws investors
Tuesday, 30 December 2014, 5:04 pm | BusinessDesk
Dec. 30 (BusinessDesk) - The New Zealand dollar held gains in local trading as the country's high interest rates relative to the rest of the world continue to attract investors. More >>
YEAR IN REVIEW: Kiwi heads for 2014 decline
Tuesday, 30 December 2014, 1:38 pm | BusinessDesk
Dec. 30 (BusinessDesk) - The New Zealand dollar is heading for a 5 percent decline against the greenback in 2014, rounding out a year which saw the kiwi soar close to a post-float high and prompted the central bank to intervene to bring it back ... More >>
Mitre 10 (NZ) posts profit, sales rise in tight DIY market
Tuesday, 30 December 2014, 12:59 pm | BusinessDesk
Dec. 30 (BusinessDesk) - Mitre 10 (New Zealand), the cooperative that services the Mitre 10 hardware chain, turned to a full-year profit, saying it is holding its own in the DIY market where it competes with the Bunnings and Placemakers stores. More >>
YEAR IN REVIEW: NZ stock investors ride wave of new listings
Tuesday, 30 December 2014, 11:39 am | BusinessDesk
Dec. 30 (BusinessDesk) – The New Zealand stock market welcomed 16 companies to the bourse in 2014, raising $8.3 billion in equity capital and trumping a 2013 year that had been the busiest for listings in a decade. More >>
