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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 884]
NZ consumer confidence rises from 14-month low
Friday, 12 December 2014, 1:27 pm | BusinessDesk
Dec. 12 (BusinessDesk) - New Zealand consumer confidence snapped three months of falls to climb from a 14-month low in December, as rising house prices and falling petrol costs boost post-election optimism as consumers head into the peak Christmas ... More >>
Meridian abandons QLD hyrdo plan on "puzzling" Aussie stance
Friday, 12 December 2014, 12:55 pm | BusinessDesk
Dec. 12 (BusinessDesk) - Meridian Energy, the partially privatised electricity generator and retailer, has abandoned plans for a Queensland hydro power project, blaming the "destabilising revisions" in the Australian Federal Government's renewable ... More >>
UniServices spins out firm to commercialise surface coatings
Friday, 12 December 2014, 12:21 pm | BusinessDesk
Dec. 12 (BusinessDesk) - University of Auckland’s commercial arm, UniServices, is launching a patented platform technology for hi-tech manufacturing that provides an alternative to current environmentally-unfriendly coatings, and the spun-out firm ... More >>
NZ local authorities post biggest quarterly deficit in Sept
Friday, 12 December 2014, 11:35 am | BusinessDesk
Dec. 12 (BusinessDesk) - New Zealand's local authorities posted their biggest quarterly deficit as record spending and falling income pushed councils deeper into the red. More >>
NZ manufacturing activity slows from 15-month high
Friday, 12 December 2014, 11:09 am | BusinessDesk
Dec. 12 (BusinessDesk) - New Zealand manufacturing activity eased from a 15-month high in November, while remaining in expansion for the 26th consecutive month, as production and new orders declined in the month. More >>
Rakon sells UK property, shifts more manufacturing to NZ
Friday, 12 December 2014, 10:48 am | BusinessDesk
Dec. 12 (BusinessDesk) - Rakon, the high-tech components manufacturer, has sold its Lincoln, UK plant for 900,000 British pounds, most of which will go into repaying debt, as part of a plan to send more manufacturing work back to New Zealand. More >>
Restaurant Brands lifts 3Q sales on rise in fried chicken
Friday, 12 December 2014, 10:39 am | BusinessDesk
Dec. 12 (BusinessDesk) - Restaurant Brands, the nation's largest fast food operator, lifted third quarter sales 6.4 percent as an increase in revenue at its KFC stores offset falling sales at its Carl's Jr burger chain. More >>
Blis censured, fined $30,000 over disclosure breach
Friday, 12 December 2014, 9:29 am | BusinessDesk
Dec. 12 (BusinessDesk) - Blis Technologies, the NZX-listed biotech company, has been ordered to pay $30,000 plus costs for breaching continuous disclosure rules when chief executive Barry Richardson was caught on the fly in an interview with the Sunday ... More >>
Air NZ will start direct flights to South America
Friday, 12 December 2014, 9:13 am | BusinessDesk
Air NZ will start direct flights to South America in code share with Argentine carrier More >>
Commerce Commission turns down Acurity takeover
Friday, 12 December 2014, 8:40 am | BusinessDesk
Dec. 12 (BusinessDesk) - The Commerce Commission has turned down an application by the three biggest shareholders of Acurity Healthcare Group to take the private hospital operator over, saying it would leave the group as the "only significant provider ... More >>
NZ dollar rises vs. A$ after RBA talks down currency
Friday, 12 December 2014, 8:38 am | BusinessDesk
NZ dollar rises to 9-month high vs. A$ after RBA's Stevens talks down currency More >>
While you were sleeping: Retail’s outlook boost
Friday, 12 December 2014, 6:48 am | BusinessDesk
Dec. 12 (BusinessDesk) - Wall Street gained as stronger-than-anticipated US retail sales bolstered confidence in the strength of the American economy, and corporate profits. More >>
High Court turns down Kuwait Finance claim over Canterbury
Thursday, 11 December 2014, 5:56 pm | BusinessDesk
Dec. 11 (BusinessDesk) - The High Court in Nelson has turned down a US$3.4 million claim by Islamic investment firm Kuwait Finance House against a fellow investor in the failed Christchurch clothing manufacturer Canterbury. More >>
MARKET CLOSE: NZ stocks fall, led by Kathmandu as kiwi gains
Thursday, 11 December 2014, 5:35 pm | BusinessDesk
Dec. 11 (BusinessDesk) - New Zealand shares fell, led by Kathmandu, on concern a stronger kiwi dollar reduces the value of the retailer's offshore sales. New Zealand Oil and Gas fell as the price of crude oil extended its slide. More >>
Business incubator Powerhouse Ventures mulls $40 million IPO
Thursday, 11 December 2014, 5:19 pm | BusinessDesk
Dec. 11 (BusinessDesk) - Powerhouse Ventures, one of the three new technology business incubators part-funded by government, is considering a $40 million initial public offering to raise capital for growth. More >>
NZ dollar gains after RBNZ signals rates still going up
Thursday, 11 December 2014, 5:05 pm | BusinessDesk
Dec. 11 (BusinessDesk) - The New Zealand dollar rose after the Reserve Bank kept its key rate on hold, while signalling interest rates will have to go up as the economy grows at a faster pace. More >>
FMA boss says corporate governance in NZ could be better
Thursday, 11 December 2014, 3:24 pm | BusinessDesk
Dec. 11 (BusinessDesk) - Financial Markets Authority chief executive Rob Everett says New Zealand company directors “can do better” at their corporate governance practice. More >>
RBNZ sees 44% bounce in whole milk powder in 2015
Thursday, 11 December 2014, 3:12 pm | BusinessDesk
Dec. 11 (BusinessDesk) - The Reserve Bank expects whole milk powder prices to rise by about 44 percent next year as the slump in global prices this year prompts less competitive processors to scale back their production in the face of smaller returns. More >>
Civil servant bosses income falls to 2008 levels in 2014
Thursday, 11 December 2014, 2:57 pm | BusinessDesk
Dec. 11 (BusinessDesk) - Senior New Zealand public servants' and chief executives' total collective pay is at the lowest level in six years and is expected to stay low based on the weak inflation outlook, the State Services Commission said in its ... More >>
Godfrey Hirst lifts 2014 NZ carpet sales 3.5%
Thursday, 11 December 2014, 1:34 pm | BusinessDesk
Godfrey Hirst lifts NZ carpet sales 3.5%, profit slips on year-earlier one-time gains More >>
