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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 899]
Argosy Property lifts first-half profit 25%
Wednesday, 19 November 2014, 9:51 am | BusinessDesk
Nov. 19 (BusinessDesk) - Argosy Property Fund, New Zealand's fourth-largest listed property investor, lifted first-half earnings 25 percent as its occupancy rate increased and it continued to divest non-core assets. More >>
EPA struggles to find independent experts in 'small' NZ
Wednesday, 19 November 2014, 9:02 am | BusinessDesk
Nov. 19 (BusinessDesk) - The Environmental Protection Agency says it struggles to find enough independent experts in a small country where many people have professional links with industry or environmental groups and may have to consider the appointment ... More >>
NZ dollar touches fresh 7-year high vs. yen
Wednesday, 19 November 2014, 8:51 am | BusinessDesk
NZ dollar touches fresh 7-year high vs. yen, gives up some gains after lower dairy prices More >>
While you were sleeping: Equities gain amid takeovers
Wednesday, 19 November 2014, 7:58 am | BusinessDesk
Nov. 19 (BusinessDesk) - Wall Street climbed, pushing the S&P 500 to a record high, as merger and acquisition activity helped underpin optimism that corporations still find value at these levels. More >>
Dairy product prices fall to five-year low
Wednesday, 19 November 2014, 6:48 am | BusinessDesk
Nov. 19 (BusinessDesk) - Dairy product prices fell in the latest GlobalDairyTrade auction to the lowest level in more than five years, led by declines in rennet casein and skim milk powder. More >>
NZ dollar holds gains ahead of dairy auction
Tuesday, 18 November 2014, 5:38 pm | BusinessDesk
Nov. 18 (BusinessDesk) - The New Zealand dollar held its gains ahead of the GlobalDairyTrade auction as traders ponder the prospects for prices to bottom out for the nation's biggest export commodity. More >>
A2 Milk to seek ASX listing, push into US market
Tuesday, 18 November 2014, 5:16 pm | BusinessDesk
Nov. 18 (BusinessDesk) - A2 Milk Co is planning to list on the Australian stock exchange and launch into the US market next year, has changed its marketing push in the UK including gaining entry into Sainsbury and Wholefoods supermarkets, and is about ... More >>
Pacific Brands sells unprofitable footwear, sports apparel
Tuesday, 18 November 2014, 4:05 pm | BusinessDesk
Nov. 18 (BusinessDesk) - Pacific Brands, the Australian apparel and linen brands business, has split and sold Brands Collective, its unprofitable footwear and sporting apparel brands, recognising a A$30 million loss on the sale. More >>
Fletcher appoints Ernst & Young as auditor, replacing KPMG
Tuesday, 18 November 2014, 3:31 pm | BusinessDesk
Nov. 18 (BusinessDesk) - Fletcher Building, New Zealand's largest listed company, has appointed Ernst & Young as its auditor, ending a 13-year relationship with KPMG. More >>
Armillary, Crowdcube granted crowd funding licence by FMA
Tuesday, 18 November 2014, 3:10 pm | BusinessDesk
Nov. 18 (BusinessDesk) - The Financial Markets Authority has licensed Armillary Capital's equity crowd funding platform, Crowdcube, adding competition to the new capital raising scene. More >>
NZ tractor sales set to match records on buoyant farming
Tuesday, 18 November 2014, 2:29 pm | BusinessDesk
Nov. 18 (BusinessDesk) - New Zealand tractor sales are expected to match record highs for the modern farming era this year, as farming incomes are boosted by high milk prices and good growing conditions. More >>
Arvida says its care beds will provide steady cash flows
Tuesday, 18 November 2014, 2:10 pm | BusinessDesk
Nov. 18 (BusinessDesk) - Arvida, the retirement village operator planning to raise $80 million in an initial public offering, said its high proportion of care beds provides steady cash flows that will enable it to pay investors a healthy quarterly ... More >>
Barfoot & Thomson wins appeal over non-dsclosure of suicide
Tuesday, 18 November 2014, 1:52 pm | BusinessDesk
Nov. 18 (BusinessDesk) - Auckland real estate agency Barfoot & Thompson has won a High Court appeal against a censure it received for selling a Flat Bush property without disclosing a suicide had occurred there a year earlier. More >>
A2 Milk to list on ASX in 1Q 2015
Tuesday, 18 November 2014, 1:50 pm | BusinessDesk
Nov. 18 (BusinessDesk) - A2 Milk Co, the milk marketing company, is planning to list on the Australian stock exchange next year, where it has 9 percent of the fresh milk market sold in grocery stores. More >>
PledgeMe taps its crowd for $50,000 to fund staff, mobile
Tuesday, 18 November 2014, 12:01 pm | BusinessDesk
Nov. 18 (BusinessDesk) - PledgeMe, the equity crowd funder, is using its own platform to raise as much as $100,000 to grow its staff and build a mobile-friendly website. More >>
UPDATE: IkeGPS shares jump on Stanley Black & Decker deal
Tuesday, 18 November 2014, 10:35 am | BusinessDesk
Nov. 18 (BusinessDesk) - Shares of IkeGPS climbed 11 percent after the remote measuring device developer signed a manufacturing and distribution deal with Stanley Black & Decker which will help it meet its prospectus sales forecast. More >>
Bank of China unit becomes 25th lender registered in NZ
Tuesday, 18 November 2014, 10:02 am | BusinessDesk
Nov. 18 (BusinessDesk) - BOC (New Zealand), a unit of state-owned Bank of China, has become the 25th lender to be granted a licence by the Reserve Bank of New Zealand. More >>
IkeGPS signs distribution contract Stanley Black & Decker
Tuesday, 18 November 2014, 9:50 am | BusinessDesk
Nov. 18 (BusinessDesk) - IkeGPS, the remote measuring tool developer, has signed a deal with Stanley Black & Decker to manufacture and distribute its smart phone measuring tool, adding sales that will help the company meet its prospectus forecast. More >>
NZ dollar jumps against euro after ECB eyes bond buying
Tuesday, 18 November 2014, 8:58 am | BusinessDesk
Nov. 18 (BusinessDesk) - The New Zealand dollar jumped to a two-month high against the euro after European Central Bank president Mario Draghi said the bank may buy government bonds to stimulate the Eurozone economy. More >>
While you were sleeping: Japan shrinks, ECB ready
Tuesday, 18 November 2014, 7:55 am | BusinessDesk
Nov. 18 (BusinessDesk) - Wall Street were mixed, trading near record highs, as a report showing Japan unexpectedly fell into a recession kept a lid on gains. More >>
