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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 892]
CORRECT:Lambskin prices slump
Friday, 28 November 2014, 5:24 pm | BusinessDesk
CORRECT:China's crackdown on polluting tanneries, Russia sanctions drive record slump in lambskin prices More >>
Mowbray widens 1H loss, considers future as listed company
Friday, 28 November 2014, 5:19 pm | BusinessDesk
Nov. 28 (BusinessDesk) - Mowbray Collectables, the listed stamp and collectables dealer and auction house, widened its first-half loss as it records "the worst six months in the company's history" and weighs its future as a listed company. ... More >>
NZ dollar heads for 0.7% monthly gain in November
Friday, 28 November 2014, 5:08 pm | BusinessDesk
NZ dollar heads for 0.7% monthly gain in November, bouncing back from mid-year slide More >>
High NZ rates will keep luring investors into kiwi
Friday, 28 November 2014, 4:20 pm | BusinessDesk
Nov. 28 (BusinessDesk) - New Zealand's relatively high interest rates will continue to lure global investors to the kiwi, creating headaches for local policy makers who, like the rest of the world, want a weaker currency to drive export growth, according ... More >>
Precinct to raise up to $75M in bond offer to repay banks
Friday, 28 November 2014, 1:32 pm | BusinessDesk
Nov. 28 (BusinessDesk) - Precinct Properties New Zealand, which this week sold its SAP building in Auckland to property mogul Bob Jones for $97 million, plans to raise up to $75 million in a bond offer, which it will use to repay bank debt. More >>
NZ business confidence extends post-election gains
Friday, 28 November 2014, 1:30 pm | BusinessDesk
Nov. 28 (BusinessDesk) - New Zealand business confidence rose for a second month in November, extending post-election gains from a two-year low as firms took a more rosy outlook about their conditions. More >>
FMA boss Everett sees changing landscape under new law
Friday, 28 November 2014, 12:52 pm | BusinessDesk
Nov. 28 (BusinessDesk) - Financial Markets Authority chief executive Rob Everett expects sweeping changes to securities law will change the landscape for the sector by putting more emphasis on the investing public. More >>
China's tannery crackdown, Russian sanctions dent lambskin
Friday, 28 November 2014, 12:51 pm | BusinessDesk
Nov. 28 (BusinessDesk) - Global lambskin prices have collapsed from the first quarter's record highs, as a Chinese crackdown on polluting tanneries and Russian trade sanctions sapped demand. More >>
NZ house building consents bounce back in October
Friday, 28 November 2014, 11:22 am | BusinessDesk
NZ house building consents bounce back in October, rise at fastest pace in two years More >>
Regulator trims 2015 national electricity line prices 1.1%
Friday, 28 November 2014, 10:34 am | BusinessDesk
NZ regulator ruling set to trim national electricity line prices by 1.1% in 2015 More >>
Pacific Edge says it's on track after posting 1H loss
Friday, 28 November 2014, 10:24 am | BusinessDesk
Nov. 28 (BusinessDesk) - Pacific Edge, which makes and markets bladder cancer tests, said its first half loss was unchanged from the year earlier period as increased revenues were channelled into development and marketing of its products, in line ... More >>
VMob widens 1H loss as it chases international growtth
Friday, 28 November 2014, 10:13 am | BusinessDesk
Nov. 28 (BusinessDesk) - VMob Group, the NZAX-listed mobile voucher developer, widened its first half loss as it chased international scale and growth. More >>
NZ dollar rises to record vs. ruble as OPEC maintains output
Friday, 28 November 2014, 8:45 am | BusinessDesk
NZ dollar rises to record vs. ruble after OPEC decides not to cut oil production More >>
While you were sleeping: Oil sinks as OPEC holds
Friday, 28 November 2014, 7:50 am | BusinessDesk
Nov. 28 (BusinessDesk) - Oil slumped, and so did energy stocks, after OPEC ministers decided to maintain the group’s production targets, instead of curbing supply to help a slide in prices. More >>
MARKET CLOSE: NZ shares fall paced by Warehouse
Thursday, 27 November 2014, 5:32 pm | BusinessDesk
MARKET CLOSE: NZ shares fall paced by Warehouse; Air NZ gains on tumbling oil prices More >>
NZ dollar gains, benefiting from weaker euro, yen, pound
Thursday, 27 November 2014, 5:12 pm | BusinessDesk
Nov. 27 (BusinessDesk) - The New Zealand dollar rose as investors look to exit currencies where central banks may continue with low interest rates and money printing programmes. More >>
NZ dollar gains, benefiting from weaker euro, yen, pound
Thursday, 27 November 2014, 5:12 pm | BusinessDesk
Nov. 27 (BusinessDesk) - The New Zealand dollar rose as investors look to exit currencies where central banks may continue with low interest rates and money printing programmes. More >>
Opus trims executive structure in 'competitive market'
Thursday, 27 November 2014, 3:51 pm | BusinessDesk
Nov. 27 (BusinessDesk) - Opus International Consultants, the listed engineering firm, has trimmed its executive team as it restructures its business "in an increasingly competitive market". More >>
Mowbray struggles to stay afloat as $1.28M write-down weighs
Thursday, 27 November 2014, 1:10 pm | BusinessDesk
Nov. 27 (BusinessDesk) - Mowbray Collectables, the listed stamp and collectables dealer and auction house, has flagged a first-half loss and is in discussion with bankers to stay solvent after a $1.28 million write down on its goodwill. More >>
UPDATE: Gentrack faces long-term game to win over investors
Thursday, 27 November 2014, 12:50 pm | BusinessDesk
(Adds IPO cost detail in 2nd graph, clarifies shortfall to IPO forecast in 3rd graph) More >>
