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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 888]
Westland Milk records highest-ever one-day milk collection
Monday, 8 December 2014, 9:44 am | BusinessDesk
Dec. 8 (BusinessDesk) - Westland Milk Products, the country's second largest dairy cooperative, has recorded its highest ever one-day collection, with its tankers bringing in slightly more than four million litres of milk on Oct.31. More >>
NZX to spend up to $35 mln for fund manager SuperLife
Monday, 8 December 2014, 9:02 am | BusinessDesk
Dec. 8 (BusinessDesk) - NZX, the stock market operator, will spend up to $35 million buying fund manager and KiwiSaver provider SuperLife as part of a plan to launch a series of new exchange traded fund in the coming year. More >>
NZ dollar drops after robust US jobs report; RBNZ looms
Monday, 8 December 2014, 8:44 am | BusinessDesk
Dec. 8 (BusinessDesk) - The New Zealand dollar fell after figures showed the US added more jobs than expected last month, adding to evidence the world's biggest economy is robust enough to warrant higher interest rates and helping lift the greenback. More >>
Tame NZ inflation may see Reserve Bank flag longer pause
Monday, 8 December 2014, 8:08 am | BusinessDesk
Dec. 8 (BusinessDesk) - The Reserve Bank of New Zealand, faced with inflation that has undershot its forecasts, may signal a longer pause in its tightening cycle this week and a lower peak when interest rates do rise. More >>
World Week Ahead: Interest rates in focus
Monday, 8 December 2014, 7:59 am | BusinessDesk
Dec. 8 (BusinessDesk) - Global markets continue to push higher on economic data and the week ahead should be no exception, though investors hope the data will bring further clarity on when the US Federal Reserve will begin to lift interest rates. More >>
Wellington Drive narrows 3Q loss, sees 'modest' FY growth
Friday, 5 December 2014, 5:42 pm | BusinessDesk
Dec. 5 (BusinessDesk) - Wellington Drive, the unprofitable manufacturer of energy efficient motors, narrowed its third quarter loss and revised guidance for a "modest level" of sales growth. More >>
MARKET CLOSE: NZ shares dip, paced by Air NZ
Friday, 5 December 2014, 5:37 pm | BusinessDesk
Dec. 5 (BusinessDesk) - New Zealand shares edged lower, paced by Air New Zealand as investors booked in recent gains in a fully priced market. Dual-listed Australian banks, Westpac Banking Corp and Australia and New Zealand Banking Group declined ... More >>
NZ dollar heads for 0.9% fall as US jobs report looms
Friday, 5 December 2014, 5:30 pm | BusinessDesk
Dec. 5 (BusinessDesk) - The New Zealand dollar is heading for a 0.9 percent weekly decline against the greenback as investors continue to rally behind the US dollar in anticipation of a rate hike next year, and ahead of a key US jobs report. More >>
Fletcher appoints head of new light building products unit
Friday, 5 December 2014, 5:27 pm | BusinessDesk
Dec. 5 (BusinessDesk) - Fletcher Building, the country's biggest listed company, has appointed a former senior executive at CRH, a Dublin-based building materials group,,to lead its light building products unit from early next year. More >>
AUT journalism report criticises unethical media alliances
Friday, 5 December 2014, 3:08 pm | BusinessDesk
Dec. 5 (BusinessDesk) - There is increasing evidence of unethical alliances among bloggers, politicians, PR companies and legacy media, according to New Zealand Ownership Report, the fourth published by AUT’s Centre for Journalism, Media and Democracy ... More >>
Rubicon reiterates IPO plans for ArborGen
Friday, 5 December 2014, 12:12 pm | BusinessDesk
Dec. 5 (BusinessDesk) - Rubicon, the forestry biotech company spun out of Fletcher Challenge, reiterated plans for an initial public offer for ArborGen, the biotech forestry company it holds a third of, as it laments its languishing share price. More >>
Alliance hires former Fletcher exec Surveyor as new CEO
Friday, 5 December 2014, 12:03 pm | BusinessDesk
Dec. 5 (BusinessDesk) - Alliance Group, the world's largest processor and exporter of sheepmeat, has hired former Fletcher Building executive David Surveyor to head up the meat processor from next year. More >>
NZ wholesale trade rises 0.7% in Sept quarter
Friday, 5 December 2014, 11:59 am | BusinessDesk
Dec. 5 (BusinessDesk) - New Zealand wholesale trade sales rose in the third quarter, led by gains in the auto industry. More >>
Evolve shares climb 7 percent on NZX debut
Friday, 5 December 2014, 11:02 am | BusinessDesk
Dec. 5 (BusinessDesk) - Shares of Evolve Education Group, the childcare business, rose 7 percent on its NZX debut after its initial public offer raised $132.3 million in new capital to fund its acquisitions in early childhood education. More >>
NZ dollar gains after ECB stays pat on stimulus
Friday, 5 December 2014, 8:41 am | BusinessDesk
Dec. 5 (BusinessDesk) - The New Zealand dollar gained, following the euro higher, after the European Central Bank refrained from injecting more stimulus into the sluggish regional economy, and ahead of US employment data, which is closely watched by the ... More >>
While you were sleeping: ECB fails to deliver
Friday, 5 December 2014, 7:47 am | BusinessDesk
Dec. 5 (BusinessDesk) - European stocks fell, while Wall Street was mixed, rebounding from earlier losses to inch higher to record highs for both the Dow and the S&P 500, after the European Central Bank failed to deliver on additional stimulus. More >>
Vital Healthcare flags A$14.4M of new projects
Thursday, 4 December 2014, 5:50 pm | BusinessDesk
Dec. 4 (BusinessDesk) - Vital Healthcare Property Trust, the country's biggest listed healthcare property investor, has signalled A$14.4 million of new developments in Newcastle, Australia, and bought land in Melbourne to beef up an existing property ... More >>
MARKET CLOSE: NZ shares gain as Freightways rises to record
Thursday, 4 December 2014, 5:32 pm | BusinessDesk
Dec. 4 (BusinessDesk) - New Zealand shares rose led by Freightways, which rose to a record after acquiring an Australia data management company. Chorus fell from a 14-month high as investors looked to cash in recent gains. More >>
NZ dollar falls near 3-week low ahead of ECB meeting
Thursday, 4 December 2014, 5:09 pm | BusinessDesk
NZ dollar falls near 3-week low ahead of ECB meeting, US jobs report looms More >>
Chorus credit rating revised to stable from negative by S&P
Thursday, 4 December 2014, 5:05 pm | BusinessDesk
Dec. 4 (BusinessDesk) - Chorus's credit rating outlook was revised to 'stable' from 'negative' by Standard & Poor's after the Commerce Commission lifted the proposed price it can charge customers for access to its copper lines. More >>
