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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 889]
DNZ sells two Wellington properties for $5.3 mln
Thursday, 4 December 2014, 4:11 pm | BusinessDesk
Dec. 4 (BusinessDesk) - DNZ Property Fund, the listed property investor, sold two Wellington buildings for $5.3 million, with the funds to contribute to its Westgate Mall project. More >>
Scott Technology may raise capital after latest acquisition
Thursday, 4 December 2014, 3:04 pm | BusinessDesk
Dec. 4 (BusinessDesk) - Scott Technology, the industrial automation firm, has bought Australian business Machinery Automation and Robotics for A$13 million via bank debt, and said it raise new capital to reduce borrowings. More >>
Michael Hill focuses on North American market
Thursday, 4 December 2014, 2:12 pm | BusinessDesk
Dec. 4 (BusinessDesk) - Michael Hill International, the jewellery retailer named for its founder, is bedding in a strategy to gain traction in North America, which it eventually sees as supplanting its strongholds in Australia and New Zealand, according ... More >>
Tenon mulls mergers, acquisitions as US housing recovers
Thursday, 4 December 2014, 1:05 pm | BusinessDesk
Dec. 4 (BusinessDesk) - Tenon, the wood mouldings manufacturer which posted its first annual profit in ten years, is considering merger or acquisition opportunities to capitalise on the recovering US housing market. More >>
Blue Sky Meats acquires Clover Export
Thursday, 4 December 2014, 12:32 pm | BusinessDesk
Dec. 4 (BusinessDesk) - Blue Sky Meats, whose shares trade on the Unlisted platform, has agreed to acquire Gore-based Clover Export, adding processing capacity in beef and venison to the range of services it can offer to sheep and bobby calf customers, ... More >>
Auckland housing market values rise 5 percent in 3 months
Thursday, 4 December 2014, 12:12 pm | BusinessDesk
Dec. 4 (BusinessDesk) - The latest Qotable Value residential housing sales figures further confirm the Auckland housing market is kicking off again, with values in some areas rising 5 percent in the past three months. More >>
Oceania aged-care business planning IPO, in talks
Thursday, 4 December 2014, 10:00 am | BusinessDesk
Dec. 4 (BusinessDesk) - Oceania Healthcare is on track for an initial public offering in early 2015, but the Macquarie Group managed aged-care operator's chief executive, Earl Gasparich, says he's also in talks with private investors and funds. More >>
Freightways buys Australian legal data firm LitSupport
Thursday, 4 December 2014, 9:52 am | BusinessDesk
Dec. 4 (BusinessDesk) - Freightways, the listed courier and data management company, will spend up to A$30 million on Australian information management firm LitSupport. More >>
Intueri agrees to acquire Academy Group
Thursday, 4 December 2014, 9:06 am | BusinessDesk
Dec. 4 (BusinessDesk) - Intueri Education Group, New Zealand's largest private training company, has agreed to buy Academy Group NZ for an initial payment of $4 million and the balance on completion of the target's 2015 accounts, adding courses for pharmacy ... More >>
NZ dollar falls on strength of US economy, weak dairy
Thursday, 4 December 2014, 8:37 am | BusinessDesk
Dec. 4 (BusinessDesk) - The New Zealand dollar fell as increasing confidence about the pace of the US economy drove up the greenback and traders continued to weigh the implications for the local economy of weaker dairy prices. More >>
While you were sleeping: Solid US private payrolls
Thursday, 4 December 2014, 7:43 am | BusinessDesk
Dec. 4 (BusinessDesk) - Wall Street moved higher, pushing the Dow to a record high, while the US dollar also strengthened in anticipation of fresh stimulus from the European Central Bank on Thursday and a key American jobs report on Friday. More >>
Quantec signs Mexican distribution deal for anti-acne cream
Wednesday, 3 December 2014, 6:25 pm | BusinessDesk
NZ's Quantec signs Mexican distribution deal for anti-acne cream derived from cow's milk More >>
NZ loses crown of least-corrupt country to Denmark
Wednesday, 3 December 2014, 5:43 pm | BusinessDesk
Dec. 3 (BusinessDesk) - Denmark has toppled New Zealand as having the world's least corrupt public sector, in part because of the long gestation of new anti-graft legislation, which meant the nation couldn't ratify the UN convention against corruption. More >>
MARKET CLOSE:NZ shares gain led by Chorus; FSF rises
Wednesday, 3 December 2014, 5:40 pm | BusinessDesk
MARKET CLOSE:NZ shares gain led by Chorus; Fonterra fund rises on lower milk price More >>
NZ dollar falls on weaker than expected Australian GDP
Wednesday, 3 December 2014, 5:05 pm | BusinessDesk
Dec. 3 (BusinessDesk) - The New Zealand dollar followed its trans-Tasman counterpart lower after weaker than expected Australian economic data weighed on the outlook for the two, and as investors continued to back the greenback. More >>
Would-be ironsands miner Trans Tasman Resources loses CEO
Wednesday, 3 December 2014, 1:59 pm | BusinessDesk
Dec. 3 (BusinessDesk) - Trans Tasman Resources, the company that unsuccessfully sought resource consents to mine ironsands from the ocean floor in the southern Taranaki Bight, has lost its chief executive, Tim Crossley, who is returning to Australia. More >>
NZ Post sells Australian Couriers Please unit for A$95 mln
Wednesday, 3 December 2014, 1:31 pm | BusinessDesk
Dec. 3 (BusinessDesk) - New Zealand Post, the state-owned mail delivery service, sold its Australian Couriers Please business to Singapore Post for A$95 million. More >>
Chorus stock rises, Spark falls as copper pricing mulled
Wednesday, 3 December 2014, 1:01 pm | BusinessDesk
Dec. 3 (BusinessDesk) - Chorus shares rose to a 13-month high after the Commerce Commission lifted the proposed price it can charge customers for access to its copper lines, stoking expectations it will be able to resume dividends in a few years. Spark ... More >>
Auckland house sales volumes, prices rise in Nov: Barfoot
Wednesday, 3 December 2014, 11:59 am | BusinessDesk
Dec. 3 (BusinessDesk) - Auckland house sale volumes and prices increased in November as activity rebounded from a slowdown around September's general election, according to the city's largest real estate agency. More >>
NZ building work put in place rises 1.5% in 3rd-qtr
Wednesday, 3 December 2014, 11:38 am | BusinessDesk
NZ building work put in place rises 1.5% in 3rd-qtr, led by non-residential activity More >>
