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The Wellington-based BusinessDesk team provides a daily news feed for a serious business audience.
BusinessDesk - Latest News [Page 886]
High Court makes declarations on EQC flooding risk policy
Wednesday, 10 December 2014, 1:59 pm | BusinessDesk
Dec. 10 (BusinessDesk) - The High Court in Wellington has made a number of declarations outlining how the Earthquake Commission can deal with claims stemming from loss of land value as a result of increased flooding risk affecting up to 13,500 individual ... More >>
Dairy slump prompts NZ to cut 2015 primary exports forecast
Wednesday, 10 December 2014, 1:34 pm | BusinessDesk
Dec. 10 (BusinessDesk) - Weaker demand for New Zealand's dairy products has prompted the Ministry for Primary Industries to cut its forecast for primary sector exports in the 2015 financial year by 3.6 percent after record earnings the previous year. More >>
Heartland appoints Deborah Taylor to board
Wednesday, 10 December 2014, 12:05 pm | BusinessDesk
Dec. 10 (BusinessDesk) - Heartland New Zealand, the bank which formed after the merger of Canterbury and Southern Cross building societies and Marac Finance, has appointed Deborah Taylor to its board, effective from today. More >>
NZ guest nights rise for fourth month in October
Wednesday, 10 December 2014, 11:45 am | BusinessDesk
Dec. 10 (BusinessDesk) - New Zealand guest nights rose in October, the fourth monthly increase, with high-profile tourist destination Queenstown a major contributor to the gain. More >>
Fonterra farmers pin hopes on higher dividend
Wednesday, 10 December 2014, 11:22 am | BusinessDesk
Dec. 10 (BusinessDesk) - Dairy farmers facing a slashed farmgate milk price will be pinning their hopes on a boosted dividend from the Fonterra Cooperative Group to bolster their returns. More >>
NZ annual house sales rise for the first time in 13 months
Wednesday, 10 December 2014, 11:08 am | BusinessDesk
NZ annual house sales rise for the first time in 13 months, driven by high-end properties More >>
Hallenstein 4-month sales up on last year, margins improve
Wednesday, 10 December 2014, 10:41 am | BusinessDesk
Dec. 10 (BusinessDesk) - Hallenstein Glasson, the clothing chain, said sales are tracking above last year after four months of trading and margins have improved, though the Christmas sales period remains critical, according to chairman Warren ... More >>
NZ government deficit exceeds forecast on Solid Energy
Wednesday, 10 December 2014, 10:31 am | BusinessDesk
Dec. 10 (BusinessDesk) - The New Zealand government's operating deficit was wider than expected in pre-election forecasts as income tax lagged forecast and an indemnity for financially stricken coal miner Solid Energy weighed on the expense line. More >>
T&G spends $25.8 million on two tomato growers
Wednesday, 10 December 2014, 9:45 am | BusinessDesk
Dec. 10 (BusinessDesk) - Turners & Growers, the fruit marketer majority owned by Germany's BayWa, bought two New Zealand tomato farms for $25.8 million to bolster its supply. More >>
Fonterra's drop in milk price payout in line with forecasts
Wednesday, 10 December 2014, 9:35 am | BusinessDesk
Dec. 10 (BusinessDesk) - Fonterra Cooperative Group has slashed its forecast farmgate milk price for the 2014/2015 season by 60 cents per kilogram of milk solids to $4.70/kgMS, but has left the dividend range unchanged at 25-35 cents per share. More >>
Spark to hike broadband, phone prices over copper decision
Wednesday, 10 December 2014, 9:26 am | BusinessDesk
Dec. 10 (BusinessDesk) - Spark New Zealand, formerly Telecom Corp, will hike retail prices for its home phone and broadband plans from February, blaming the smaller reduction in regulated wholesale prices on Chorus's copper network. More >>
Fonterra slashes farmgate milk forecast to $4.70/kgMS
Wednesday, 10 December 2014, 8:42 am | BusinessDesk
Dec. 10 (BusinessDesk) - Fonterra Cooperative Group has slashed its forecast farmgate milk price for the 2014/2015 season to $4.70 per kilogram of milk solids from $5.30 per kgMS, due to global dairy trade prices falling to their lowest levels since 2009. More >>
NZ dollar gains as investors shed greenback amid uncertainty
Wednesday, 10 December 2014, 8:23 am | BusinessDesk
Dec. 10 (BusinessDesk) - The New Zealand dollar advanced as investors sold the greenback on concern about political uncertainty in Greece and growth in China. Traders are also waiting for the release of Fonterra Cooperative Group's updated payout forecast. More >>
While you were sleeping: Greece, China sink stocks
Wednesday, 10 December 2014, 7:50 am | BusinessDesk
Dec. 10 (BusinessDesk) - Wall Street and European equities fell amid the prospect of renewed political chaos in Greece and as Chinese officials imposed new limits on the types of bonds that can be used as collateral for some short-term loans. More >>
MARKET CLOSE: NZ shares gain as F&P Healthcare at record
Tuesday, 9 December 2014, 5:45 pm | BusinessDesk
MARKET CLOSE: NZ shares gain as F&P Healthcare at record on weak kiwi, Air NZ fuel costs drop More >>
NZ dollar falls to 2 1/2-year low as Fonterra payout review
Tuesday, 9 December 2014, 5:05 pm | BusinessDesk
NZ dollar falls to new 2 1/2-year low as Fonterra payout review looms More >>
Cera, IRD led $214M of unauthorised public spending in 2014
Tuesday, 9 December 2014, 3:32 pm | BusinessDesk
Dec. 9 (BusinessDesk) - The Canterbury Earthquake Recovery Authority and the Inland Revenue Department account for the bulk of $214 million of unauthorised public spending in the 12 months ended June 30, according to the Auditor-General’s review of the ... More >>
US fund manager Fidelity Investments takes Xero shareholding
Tuesday, 9 December 2014, 2:22 pm | BusinessDesk
Dec. 9 (BusinessDesk) - US fund manager Fidelity Investments, with US$4.9 trillion under management, has built up a substantial shareholding in local software developer Xero. More >>
Trade Me to buy rental property website Viewing Tracker
Tuesday, 9 December 2014, 2:01 pm | BusinessDesk
Dec. 9 (BusinessDesk) - Trade Me, the online auction site, has agreed to buy rental property website Viewing Tracker for an undisclosed sum, which it says is not material to its business. More >>
Chevron, Indian state oil company enter NZ oil search
Tuesday, 9 December 2014, 12:24 pm | BusinessDesk
Dec. 9 (BusinessDesk) - The third annual round of oil and gas exploration licences has attracted two new international players: US giant Chevron, which operates the Caltex brand in New Zealand, and Indian government-controlled ONGC Videsh, the first ... More >>
