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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 897]
NZ export log prices rise in November, China demand weak
Friday, 21 November 2014, 2:27 pm | BusinessDesk
Nov. 21 (BusinessDesk) - New Zealand export log prices edged up in November although demand from China, the country's largest market, is likely to remain subdued until the second quarter of next year. More >>
Kathmandu 1st-qtr margins shrink, flags drop in 1H profit
Friday, 21 November 2014, 1:44 pm | BusinessDesk
Nov. 21 (BusinessDesk) - Kathmandu Holdings, the outdoor goods retailer, said it expects first-half margins to shrink as it discounts more items to clear shelf space. The shares fell. More >>
UPDATE: Metroglass confirms on track for full year
Friday, 21 November 2014, 12:49 pm | BusinessDesk
Nov. 21 (BusinessDesk) - Metro Performance Glass, which has more than half of New Zealand's glass processing market, is on track to meet full-year prospectus forecasts as it benefits from a building boom in Auckland and Christchurch. More >>
Arvida Group raises $75 million in IPO
Friday, 21 November 2014, 12:16 pm | BusinessDesk
Nov. 21 (BusinessDesk) - Arvida Group, the new retirement village operator, has raised the full $75 million sought through an initial public offering following strong demand from New Zealand and Australian institutions and listed companies. More >>
Warehouse affirms forecast for 2015 profit growth
Friday, 21 November 2014, 10:53 am | BusinessDesk
Nov. 21 (BusinessDesk) - Warehouse Group, New Zealand's largest listed retailer, affirmed its expectation for a rise in annual earnings even as sales lag behind forecast heading into the key Christmas trading period. More >>
A2 Milk changes Chinese supply approach for infant formula
Friday, 21 November 2014, 10:34 am | BusinessDesk
Nov. 21 (BusinessDesk) - A2 Milk Co has agreed to make China State Farm Holdings Shanghai the sole importer of its a2Platinum infant formula while the milk marketer will take over the distribution in Asia's largest economy. More >>
TRS posts small loss to remain listed
Friday, 21 November 2014, 10:17 am | BusinessDesk
Nov. 21 (BusinessDesk) - TRS Investments, which is in talks with file storage and encryption firm Mega to be the vehicle for a proposed backdoor listing, said its first-half loss about doubled to $25,000, which it attributed to increased share ... More >>
Ryman posts 13% gain in 1H earnings, on track for FY target
Friday, 21 November 2014, 10:12 am | BusinessDesk
Ryman Healthcare posts 13% gain in 1H earnings, on track for FY target of 15% increase More >>
Metroglass confirms on track for to meet full year targets
Friday, 21 November 2014, 9:46 am | BusinessDesk
Nov. 21 (BusinessDesk) - Metro Performance Glass, which has more than half of New Zealand's glass processing market, said it's on track to meet full-year prospectus forecasts after sales rose 13 percent in its first two months as a listed company. More >>
NZ ISPs in YouTube tie-up to push fast broadband connections
Friday, 21 November 2014, 9:03 am | BusinessDesk
Nov. 21 (BusinessDesk) – New Zealand internet service providers are part of a multinational drive by global video streaming giant YouTube to push customers to faster landline broadband connections. More >>
NZ dollar gains as technical traders see good buying
Friday, 21 November 2014, 8:45 am | BusinessDesk
Nov. 21 (BusinessDesk) - The New Zealand dollar advanced as some investors bet its decline made it attractive buying. More >>
While you were sleeping: Best Buy, Dollar Tree rally
Friday, 21 November 2014, 7:46 am | BusinessDesk
Nov. 21 (BusinessDesk) - Wall Street advanced, bolstered by retailers that posted better-than-expected quarterly results including Best Buy, and solid US economic data. More >>
Taxpayer money-go-rounds hampering growth: NZ Initiative
Friday, 21 November 2014, 6:59 am | BusinessDesk
Nov. 20 (BusinessDesk) - Income redistribution schemes such as Working for Families, which pay back money people have often already paid as tax, are a barrier to the economic productivity improvements that could easily overcome projections showing ... More >>
IkeGPS first-half sales almost double, loss widens
Thursday, 20 November 2014, 6:48 pm | BusinessDesk
Nov. 20 (BusinessDesk) - IkeGPS Group said first-half sales almost doubled along with its losses as the company that sells portable measuring devices uses the proceeds of its initial public offering to build a sales force and further develop its products. More >>
MARKET CLOSE: NZ shares gain as FPH rises to record
Thursday, 20 November 2014, 5:34 pm | BusinessDesk
MARKET CLOSE: NZ shares gain as F&P rises to record, Xero falls on 1H result More >>
NZ dollar gains as yen falls to 7-year low vs. greenback
Thursday, 20 November 2014, 5:27 pm | BusinessDesk
Nov. 20 (BusinessDesk) - The New Zealand dollar rose as the yen fell to a seven-year low against the greenback as stimulus from the Bank of Japan and the prospects that Prime Minister Shinzo Abe will win a snap election and extend his economic strategy ... More >>
More kiwi tech firms in Deloitte Asia-Pac Fast 500
Thursday, 20 November 2014, 4:29 pm | BusinessDesk
Nov. 20 (BusinessDesk) - Fifty-one New Zealand technology companies have been included in the 2014 Deloitte Technology Fast 500 Asia Pacific index, equalling the record for Kiwi companies making the list achieved in 2009 and ahead of last year’s 40 ... More >>
Xero widens first-half loss, says US did not execute to plan
Thursday, 20 November 2014, 4:23 pm | BusinessDesk
Nov. 20 (BusinessDesk) - Xero, the cloud-based accounting software firm, widened its first-half loss after spending more on staff and marketing. More >>
NPT first-half operating earnings rise 14%
Thursday, 20 November 2014, 4:17 pm | BusinessDesk
Nov. 20 (BusinessDesk) - NPT, the listed property investor, reported a 14 percent increase in first-half operating profit as rental income was swelled by new properties including Auckland shopping precinct The Roskill Centre. More >>
Progressive boss warns NZ MPs not to misuse privilege
Thursday, 20 November 2014, 3:40 pm | BusinessDesk
Nov. 20 (BusinessDesk) - Progressive Enterprises managing director Dave Chambers said New Zealand politicians need to be careful about allegations made under Parliamentary privilege which could prove damaging to businesses. More >>
