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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 894]
Pumpkin Patch stock sinks to record low on capital concerns
Wednesday, 26 November 2014, 12:58 pm | BusinessDesk
Pumpkin Patch stock sinks to record low on concern ailing retailer may seek more capital More >>
MFAT chief John Allen leaving for private sector role
Wednesday, 26 November 2014, 12:49 pm | BusinessDesk
Nov. 26 (BusinessDesk) - The chief executive of the New Zealand Ministry of Foreign Affairs & Trade, John Allen, is resigning to take up a role in the private sector. More >>
UPDATE: Orion shares climb 19% on NZX debut
Wednesday, 26 November 2014, 12:01 pm | BusinessDesk
Nov. 26 (BusinessDesk) - Shares of Orion Health Group, the healthcare management software developer, climbed as much as 19 percent on its NZX debut as investors looked to top-up their holdings after scaling in the initial public offer saw them get less ... More >>
Dorchester more than doubles 1H earnings, lifts guidance
Wednesday, 26 November 2014, 11:40 am | BusinessDesk
Nov. 26 (BusinessDesk) - Dorchester Pacific, the finance and insurance firm buying Turners Group, more than doubled first-half earnings with the contribution from recent acquisitions and lifted full-year guidance. More >>
NZ secondary schools eye agribusiness subjects
Wednesday, 26 November 2014, 11:35 am | BusinessDesk
Nov. 26 (BusinessDesk) - New Zealand secondary schools are trialling an agribusiness programme which aims to feed more students into tertiary study to provide future talent for the industry. More >>
Orion Health shares climb 14% on NZX debut
Wednesday, 26 November 2014, 11:02 am | BusinessDesk
Nov. 26 (BusinessDesk) - Shares of Orion Health Group, the healthcare management software developer, rose 14 percent on its NZX debut after its initial public offer raised $120 million in new capital to fund new research. More >>
NZTE's annual report shows big company woes weigh on growth
Wednesday, 26 November 2014, 10:27 am | BusinessDesk
Nov. 26 (BusinessDesk) - New Zealand Trade and Enterprise, the government’s international business development agency, said the 540 key companies it works with grew their export revenues by 1.3 percent or $383 million in the 2013/2014 year after some larger ... More >>
Westland Milk cuts 2015 milk payout forecast
Wednesday, 26 November 2014, 9:40 am | BusinessDesk
Nov. 26 (BusinessDesk) - Westland Milk Products, the Hokitika-based dairy cooperative, has cut its forecast milk payout for the second time in four months, saying a global over-supply of dairy products and a relatively high kiwi dollar had crimped cash ... More >>
Genesis raises US$150M in first US private placement issue
Wednesday, 26 November 2014, 9:02 am | BusinessDesk
Nov. 26 (BusinessDesk) - Genesis Energy, New Zealand's largest electricity retailer, has raised US$150 million in its first issue of notes in the US private placement market and will use the funds to repay bank debt. More >>
Energy Mad secures $284,000 in funding from Superlife
Wednesday, 26 November 2014, 9:01 am | BusinessDesk
Nov. 26 (BusinessDesk) - Energy Mad, the energy efficient lightbulb marketer, secured $284,000 in funding from shareholder Superlife to help support its local and overseas growth plans. More >>
NZ dollar rises vs. A$ after RBA's Lowe talks down currency
Wednesday, 26 November 2014, 8:45 am | BusinessDesk
NZ dollar rises to 4-month high vs. A$ after RBA's Lowe talks down currency More >>
Vector cleared to buy Meridian's Arc metering business
Wednesday, 26 November 2014, 8:42 am | BusinessDesk
Nov. 26 (BusinessDesk) - Vector, the Auckland electricity and telecommunications lines company, has been cleared to by Meridian Energy's Arc Innovations metering business. More >>
While you were sleeping: US consumer less confident
Wednesday, 26 November 2014, 7:43 am | BusinessDesk
Nov. 26 (BusinessDesk) - Wall Street fluctuated, with the Standard & Poor’s 500 Index touching a record high, as a report showing the US economy grew more than initially forecast in the third quarter offset data showing an unexpected drop in ... More >>
NZ economic growth slows to sustainable pace, NZIER says
Wednesday, 26 November 2014, 7:21 am | BusinessDesk
Nov. 25 (BusinessDesk) - Slowing global growth and the overvalued Auckland housing market are key risks to New Zealand's economy, which is slowing to a more sustainable pace, says Shamubeel Eaqub, chief economist at the New Zealand Institute of Economic ... More >>
MARKET CLOSE: NZ shares fall amid MSCI changes
Tuesday, 25 November 2014, 6:05 pm | BusinessDesk
Nov. 25 (BusinessDesk) - New Zealand shares fell, paced by Spark New Zealand and Fisher & Paykel Healthcare as investor looked to crystalise recent gains. Merdian Energy, MightyRiverPower, Genesis Energy and Xero were heavily traded as their inclusion ... More >>
UPDATE: Carbon farmer sues MRP over $34.7 mln in ETS credits
Tuesday, 25 November 2014, 6:03 pm | BusinessDesk
Nov. 25 (BusinessDesk) - New Zealand Carbon Farming, the country’s largest supplier of post-1989 bulk carbon credits, is suing Mighty River Power for $34.7 million over liability for carbon credits the listed energy company was contracted to buy as part ... More >>
RESEND: NZ dollar falls after inflation expectations subside
Tuesday, 25 November 2014, 5:27 pm | BusinessDesk
Nov. 25 (BusinessDesk) - The New Zealand dollar fell after local firms dialled down their inflation expectations as economic growth slows from its rampant pace at the start of the year, and as US gross domestic product figures loom. More >>
Super Fund's Orr sees rising tide of responsible investing
Tuesday, 25 November 2014, 5:21 pm | BusinessDesk
Nov. 25 (BusinessDesk) - NZ Superannuation Fund chief executive Adrian Orr said long-term and responsible investing has become a groundswell globally, rather than a ripple. More >>
NZ dollar falls after inflation expectations subside
Tuesday, 25 November 2014, 5:19 pm | BusinessDesk
Nov. 25 (BusinessDesk) - The New Zealand dollar fell after local firms dialled down their inflation expectations as economic growth slows from its rampant pace at the start of the year, and as US gross domestic product figures loom. More >>
Big US managed services win for Tait Communcations
Tuesday, 25 November 2014, 5:11 pm | BusinessDesk
Nov. 25 (BusinessDesk) - Christchurch-based Tait Communications has won a major contract to manage the critical communications system for Californian utility company Pacific Gas & Electric. More >>
