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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 900]
Mitre 10 annual sales rise 10% on Auckland, ChCh demand
Tuesday, 18 November 2014, 7:22 am | BusinessDesk
Nov. 18 (BusinessDesk) - Mitre 10, the hardware chain, said full-year sales rose 10 percent to exceed $1 billion for the first time, driven by demand in Christchurch and Auckland. More >>
Rest home operator Arvida to raise $80 million in IPO
Monday, 17 November 2014, 6:17 pm | BusinessDesk
Nov. 17 (BusinessDesk) - Arvida, the retirement village operator formerly known as Hercules, has issued a prospectus for an initial public offer to raise $80 million for a planned mega merger of 17 privately-owned retirement homes. More >>
MARKET CLOSE: NZ shares rise; Ryman, Summerset, Metlife up
Monday, 17 November 2014, 5:45 pm | BusinessDesk
Nov. 17 (BusinessDesk) - New Zealand shares rose, paced by Ryman Healthcare, Summerset Group Holdings and Metlifecare, as investors returned to stocks which have come under selling pressure recently. Green Cross Health climbed to the highest in almost 10 ... More >>
Aussies claim their China FTA is better than ours
Monday, 17 November 2014, 4:08 pm | BusinessDesk
Nov. 17 (BusinessDesk) - Australia and China have completed free-trade agreement negotiations, in a deal which Australian government sources say secures better access for the country's dairy exports than New Zealand's. More >>
Knauf pullback to have "little effect" on housing costs
Monday, 17 November 2014, 2:14 pm | BusinessDesk
Nov. 17 (BusinessDesk) - Fletcher Building, New Zealand's largest building company, says the potential scaling back of the local operations of its plasterboard rival Knauf would have "very little effect" on housing affordability. More >>
Sutton quits as Cera boss
Monday, 17 November 2014, 2:05 pm | BusinessDesk
Nov. 17 (BusinessDesk) - Roger Sutton has resigned as chief executive of the Canterbury Earthquake Recovery Authority, a role he has held since 2011, after a complaint of sexual harassment from a senior staff member was investigated by the State Services ... More >>
Pacific Brands in talks to sell unprofitable footwear unit
Monday, 17 November 2014, 1:31 pm | BusinessDesk
Nov. 17 (BusinessDesk) - Pacific Brands, the Australian clothing and linen company, is in talks with an undisclosed buyer to sell its unprofitable footwear and sporting goods business. More >>
Tauranga's Sunair looks at abandoned Air NZ regional routes
Monday, 17 November 2014, 12:38 pm | BusinessDesk
Nov. 17 (BusinessDesk) - Airport charges are a big part of the reason for high regional airfares, says Dan Power, the chief executive of regional airline Sunair Aviation, which is looking to pick up Air New Zealand's abandoned routes. More >>
NZ retail sales rise 1.5% in 3rd qtr, led by supermarkets
Monday, 17 November 2014, 11:32 am | BusinessDesk
Nov. 17 (BusinessDesk) - New Zealand retail sales rose faster than expected in the third quarter, led by supermarkets and grocery stores, suggesting consumers haven't been deterred by rising borrowing costs. The kiwi dollar rose after the figures were ... More >>
NZ services remain in expansion in October
Monday, 17 November 2014, 11:27 am | BusinessDesk
Nov. 17 (BusinessDesk) - New Zealand's services sector expansion slowed in October from a month earlier, as economic growth moderated from a rapid to a more sustainable pace. More >>
Flintfox launches new software that could lift NZ profile
Monday, 17 November 2014, 10:09 am | BusinessDesk
Nov. 17 (BusinessDesk) - Flintfox International, a software development company that specialises in trade relationship and promotions management, is about to launch a new product that could finally see it become more well-known in its own backyard. More >>
$18m payday for Rural Women NZ in sale to Green Cross Health
Monday, 17 November 2014, 9:54 am | BusinessDesk
Nov. 17 (BusinessDesk) - Green Cross Health has agreed to pay around $18 million for Access Homehealth, a not-for-profit home healthcare services company owned by a grass-roots charitable organisation, Rural Women New Zealand, which will gain representation ... More >>
CarbonScape locks down minimum $400,000 in crowdfunding
Monday, 17 November 2014, 9:44 am | BusinessDesk
Nov. 17 (BusinessDesk) - CarbonScape, the developers of a green alternative to coking coal used in steel making, has raised its minimum $400,000 target through online equity crowd funding. More >>
Wynyard hires former Darktrace, GCHQ officer Andrew France
Monday, 17 November 2014, 9:14 am | BusinessDesk
Nov. 17 (BusinessDesk) - Wynyard Group, the security software company spun out of Jade Software last year, has hired Andrew France, former deputy director of cyber defence operations at British intelligence agency GCHQ, for the role of strategic ... More >>
NZ dollar trades near 7-year high vs. yen before PSI, retail
Monday, 17 November 2014, 8:42 am | BusinessDesk
Nov. 17 (BusinessDesk) - The New Zealand dollar held near a seven-year high against the yen before services sector and retail sales figures that are expected to show the domestic economy continues to grow apace. More >>
NZ expects to benefit from G20 commitment to lift growth
Monday, 17 November 2014, 7:33 am | BusinessDesk
Nov. 17 (BusinessDesk) - New Zealand expects to benefit from commitments secured at the G20 Leaders’ Summit, from the world’s 20 biggest nations, to lift economic growth by an extra 2.1 percent by 2018. More >>
World Week Ahead: Fed minutes, US housing data
Monday, 17 November 2014, 7:10 am | BusinessDesk
Nov. 17 (BusinessDesk) - Minutes from last month’s US Federal Reserve meeting, corporate earnings from Target and Best Buy, and reports on the American housing market will help set the tone for Wall Street which continues to edge higher. More >>
UPDATE: Global push to act on tax avoidance has wide support
Sunday, 16 November 2014, 4:46 pm | BusinessDesk
Nov. 16 (BusinessDesk) - There is broad global support for moves to curb international tax avoidance, New Zealand Finance Minister Bill English said on the sidelines of the G20 Leaders' Summit in Brisbane. More >>
Global push against tax avoidance has broad support: English
Sunday, 16 November 2014, 2:59 pm | BusinessDesk
Nov. 16 (BusinessDesk) - There is broad global support for moves to curb international tax avoidance, New Zealand Finance Minister Bill English said on the sidelines of the G20 Leaders' Summit in Brisbane. More >>
RESEND: NZ inflation likely to revive with labour market
Sunday, 16 November 2014, 9:05 am | BusinessDesk
Nov. 16 (BusinessDesk) - New Zealand inflation, which unexpectedly fell to the bottom of the Reserve Bank's target band in the third quarter, is likely to pick up again as pressures emerge in the labour market, Finance Minister Bill English said. More >>
