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 878]
NZ dollar dips on signs of US economic growth
Tuesday, 23 December 2014, 8:44 am | BusinessDesk
Dec. 23 (BusinessDesk) - The New Zealand dollar slipped as stocks on Wall Street rallied ahead of economic data that's expected to show a faster pace of growth in the world's biggest economy. More >>
While you were sleeping: Intel, IBM advance
Tuesday, 23 December 2014, 7:40 am | BusinessDesk
Dec. 23 (BusinessDesk) - Wall Street rose as gains in shares of Intel and IBM outweighed declines in shares of Chevron and Exxon Mobil, as investors positioned themselves for the end of the year. More >>
MARKET CLOSE: NZ shares rise led by NZOG; Kathmandu slides
Monday, 22 December 2014, 5:31 pm | BusinessDesk
Dec. 22 (BusinessDesk) - New Zealand shares rose, led by New Zealand Oil and Gas after it bought a cornerstone stake in ASX-listed Cue Energy. Fletcher Building and Sky Network Television advanced as dual-listed stocks followed the Australian bourse ... More >>
Supreme Court denies Terranova leave to appeal in pay case
Monday, 22 December 2014, 5:10 pm | BusinessDesk
Dec. 22 (BusinessDesk) - The Supreme Court has denied aged care provider Terranova Homes and Care, at the centre of a landmark court case paving the way for gender pay equity, leave to appeal the ruling. More >>
NZ dollar little changed in lead-up to Christmas
Monday, 22 December 2014, 5:06 pm | BusinessDesk
Dec. 22 (BusinessDesk) - The New Zealand dollar was little changed as activity ebbed in the lead-up to the Christmas-New Year break, when many local market participants tend to take holidays. More >>
Smiths City more than doubles 1H profit on insurance payment
Monday, 22 December 2014, 4:11 pm | BusinessDesk
Dec. 22 (BusinessDesk) - Smiths City Group, the Christchurch-based retail chain, more than doubled first-half profit as it recognised a $2.9 million insurance payment to help repair its flagship Colombo St store, though trading remained competitive ... More >>
Yellow's owner may be wound up, assets moved to new vehicle
Monday, 22 December 2014, 4:10 pm | BusinessDesk
Yellow's owner may be wound up, assets moved to new vehicle, before debt deadline More >>
Rex Bionics stock almost halves in value after sales warning
Monday, 22 December 2014, 2:25 pm | BusinessDesk
Dec. 22 (BusinessDesk) - Rex Bionics, the local company which listed on the London Stock Exchange’s growth-orientated AIM market in May, almost halved in value last week after it warned commercial sales will take longer than expected to eventuate. More >>
UPDATE: Kathmandu warns of slow Christmas trading in Aust
Monday, 22 December 2014, 1:32 pm | BusinessDesk
Dec. 22 (BusinessDesk) - Shares of Kathmandu Holdings plunged near a two-year low after the outdoor equipment retailer reported a slowdown in sales growth after a subdued start to Christmas shopping in its Australian market. More >>
Fairfax to raise about A$96M in Australian radio deals
Monday, 22 December 2014, 11:10 am | BusinessDesk
Fairfax to raise about A$96M selling 96FM to APN, merging radio assets with Macquarie More >>
Kiwi Property buys Apex Mega Centre for $64 mln
Monday, 22 December 2014, 10:38 am | BusinessDesk
Dec. 22 (BusinessDesk) - Kiwi Property Group, formerly Kiwi Income Property Trust, has agreed to buy Apex Mega Centre for $64 million as it expands its retail footprint. More >>
Kathmandu warns of slow Christmas trading in Australia
Monday, 22 December 2014, 10:31 am | BusinessDesk
Dec. 22 (BusinessDesk) - Kathamandu Holdings, the outdoor equipment retailer, has reported a slowdown in sales growth after a subdued start to Christmas shopping in its Australian market. The shares fell to a 16-month low. More >>
NZ consumer confidence dips on grimmer dairy forecast
Monday, 22 December 2014, 10:12 am | BusinessDesk
Dec. 22 (BusinessDesk) - New Zealand consumer confidence fell in the fourth quarter, particularly in rural and provincial areas as prospects for a low dairy payout take their toll despite falling petrol prices and lower mortgage rates. More >>
DNZ's Westgate two plans opposed by former landowner
Monday, 22 December 2014, 9:56 am | BusinessDesk
Dec. 22 (BusinessDesk) - DNZ Property Fund's plans to further expand its Westgate Mall into land opposite the site are being opposed by former landowner Westgate Town Centre Limited, which disputed the listed property investor's right to the development. More >>
NZ Oil & Gas buys 19.99% of Cue Energy from Todd for A$14M
Monday, 22 December 2014, 9:49 am | BusinessDesk
NZ Oil & Gas buys 19.99% of Cue Energy from Todd for A$13.96 mln More >>
PGG Wrightson reaffirms 2015 earnings growth
Monday, 22 December 2014, 9:28 am | BusinessDesk
Dec. 22 (BusinessDesk) - PGG Wrightson, the rural services firm controlled by China's Agria Corp, has affirmed expectations for earnings growth in 2015 but is seeing "signs of softness" after Fonterra Cooperative Group cut its forecast farm gate payout. More >>
GPG gets warning notice over Coats pension scheme
Monday, 22 December 2014, 9:24 am | BusinessDesk
Dec. 22 (BusinessDesk) - Guinness Peat Group has received a warning notice over its Coats Pension Plan from the UK Pensions Regulator over the level of support for the superannuation scheme, which looks set to further delay its transition to the UK ... More >>
NZ regulator clears Fletcher of anti-competitive behaviour
Monday, 22 December 2014, 9:21 am | BusinessDesk
Dec. 22 (BusinessDesk) - The Commerce Commission says it found no evidence that Fletcher Building's Winstone Wallboards unit engaged in anti-competitive behaviour to protect its dominant position in the plasterboard market. More >>
Abano lifts 1H profit 51% as dental revenue grows
Monday, 22 December 2014, 9:19 am | BusinessDesk
Dec. 22 (BusinessDesk) - Abano Healthcare, the listed healthcare investor, boosted first-half profit 51 percent on increased revenue from its dominant dental business and a turnaround at its unprofitable audiology businesses. More >>
NZ dollar edges up as yields remain attractive
Monday, 22 December 2014, 8:57 am | BusinessDesk
Dec. 22 (BusinessDesk) - The New Zealand dollar edged up against the greenback as traders seek higher yielding assets heading into the New Year after the Swiss National Bank signalled plans last week to cut its deposit rate to negative, spurring demand ... More >>
