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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 896]
MARKET CLOSE: NZ shares fall; Meridian, Genesis, MRP decline
Monday, 24 November 2014, 5:44 pm | BusinessDesk
Nov. 24 (BusinessDesk) - New Zealand share fell, paced by Meridian Energy, Contact Energy and MightyRiverPower as some investors looked to crystalise recent gains. Fletcher Building fell as investors weighed the construction company's outlook. More >>
NZ dollar little changed as traders mull ECB's pledge
Monday, 24 November 2014, 5:26 pm | BusinessDesk
Nov. 24 (BusinessDesk) - The New Zealand dollar was little changed in quiet trading with Japanese markets closed and as traders mulled European Central Bank president Mario Draghi's pledge to do what was needed to support the region's economy. More >>
Key concedes new budget forecasts could be a 'small' deficit
Monday, 24 November 2014, 5:21 pm | BusinessDesk
Nov. 24 (BusinessDesk) - Prime Minister John Key has intimated for the first time that the Treasury's half-year fiscal and economic update on Dec. 16 could change the forecast of a budget surplus to a small deficit, although he is optimistic that ... More >>
HB council could lease Napier-Gisborne line from KiwiRail
Monday, 24 November 2014, 3:43 pm | BusinessDesk
Nov. 24 (BusinessDesk) - Kiwirail, the state-owned railroad, has conditionally agreed to lease the mothballed Napier-to-Gisborne line to Hawke’s Bay Regional Council, effectively giving the local authority an option to resurrect the unprofitable route. More >>
Spark piggybacks on Chinese R&D with Huawei contract
Monday, 24 November 2014, 3:25 pm | BusinessDesk
Nov. 24 (BusinessDesk) - Spark New Zealand has got closer to Chinese telecommunications vendor Huawei Technologies in an expanded deal to accelerate the roll-out of mobile services and upgrade the local carrier’s XT network. More >>
Smartpay shares climb 15% after launch of taxi booking app
Monday, 24 November 2014, 2:57 pm | BusinessDesk
Nov. 24 (BusinessDesk) - Shares of Smartpay climbed 15 percent after the listed payments terminal supplier launched its taxi booking and payment mobile app as a precursor to a roll-out across the Tasman. More >>
Little's shadow Cabinet has Robertson finance, King deputy
Monday, 24 November 2014, 12:22 pm | BusinessDesk
Nov. 24 (BusinessDesk) - Newly elected Labour Party leader Andrew Little has appointed his closest rival for the job, Grant Robertson, to the crucial finance role previously held by David Parker and put caucus steady hand Annette King into the deputy leadership ... More >>
NZ net migration rises to record in Oct as more kiwis return
Monday, 24 November 2014, 11:36 am | BusinessDesk
NZ net migration rises to fresh record in Oct as more kiwis return, Indian students arrive More >>
Precinct sells SAP tower to Bob Jones for $97 million
Monday, 24 November 2014, 10:55 am | BusinessDesk
Nov. 24 (BusinessDesk) - Precinct Properties New Zealand, formerly known as AMP NZ Office, has sold its SAP Tower in Auckland to property mogul Bob Jones for $97 million, $1.4 million above its book value. More >>
Acurity lifts 1H earnings 22% on more DHB work, cost cuts
Monday, 24 November 2014, 10:49 am | BusinessDesk
Nov. 24 (BusinessDesk) - Acurity Health Group, the hospital operator set to be taken private by its three biggest shareholders, lifted first-half by profit 22 percent after increasing revenue from district health board work, and continued to clamp ... More >>
RIS releases overdue annual report, tagged by auditor
Monday, 24 November 2014, 10:41 am | BusinessDesk
Nov. 24 (BusinessDesk) - Shares of RIS Group have resumed trading after the NZAX-listed shell company lodged its overdue annual report, which has been tagged by its auditors and shows it may need to raise more funds to avoid administration. More >>
Scales full-year earnings may exceed prospectus forecast
Monday, 24 November 2014, 9:29 am | BusinessDesk
Nov. 24 (BusinessDesk) - Scales Corp, the fruit and vegetable logistics company, will pay a 3 cent per share interim dividend and says annual earnings may beat guidance in its prospectus. More >>
NZ dollar slips after jumping on Draghi, Chinese rate cut
Monday, 24 November 2014, 8:58 am | BusinessDesk
Nov. 24 (BusinessDesk) - The New Zealand dollar fell from its New York highs at the end of last week, having jumped against the greenback after China unexpectedly cut interest rates and European Central Bank President Mario Draghi pledged to whatever ... More >>
World Week Ahead: Stocks power higher
Monday, 24 November 2014, 8:03 am | BusinessDesk
Nov. 24 (BusinessDesk) - Wall Street begins a holiday-shortened week at record highs as investors eye a meeting of the world’s top oil exporters to see whether they will curb production amid an extended slump in the commodity’s price. More >>
UPDATE: Ryman posts 13% gain in 1H earnings, on track for FY
Friday, 21 November 2014, 5:52 pm | BusinessDesk
UPDATE: Ryman posts 13% gain in 1H earnings, on track for FY target of 15% increase More >>
MARKET CLOSE: NZ shares fall, led by Kathmandu
Friday, 21 November 2014, 5:42 pm | BusinessDesk
Nov. 21 (BusinessDesk) - New Zealand shares fell led by Kathmandu Holdings and paced by Warehouse Group after the retailers said their margins and sales were under pressure. Meridian Energy and MightyRiverPower declined as investors looked to crystalise recent ... More >>
NZ dollar heads for 0.4% decline as greenback strengthens
Friday, 21 November 2014, 5:39 pm | BusinessDesk
Nov. 21 (BusinessDesk) - The New Zealand dollar is headed for a 0.4 percent decline this week as a weaker yen strengthened the US dollar, pulling all other currencies down against it. More >>
Fuel50 raises second investment round to take on US market
Friday, 21 November 2014, 3:55 pm | BusinessDesk
Nov. 21 (BusinessDesk) - Auckland-based software startup Fuel50 raised $1 million in a second angel investment round to fund its push in the US, where it was named as one of five best new technologies at an international human resources industry ... More >>
NZOG's head of exploration Bill Houston resigns
Friday, 21 November 2014, 3:38 pm | BusinessDesk
Nov. 21 (BusinessDesk) - Bill Houston, New Zealand Oil & Gas' general manager of exploration, has resigned less than a year after he took up the role with the listed energy explorer. More >>
NZX signs MOU with freshly-licensed Bank of China
Friday, 21 November 2014, 3:24 pm | BusinessDesk
Nov. 21 (BusinessDesk) - NZX, New Zealand's stock market operator, has signed a memorandum of understanding with the Bank of China to develop financial products, with a focus on the agricultural sector and capital markets. More >>
