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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 901]
NZ inflation may pick up with labour market pressures
Sunday, 16 November 2014, 8:38 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 >>
UPDATE: NZ, South Korea conclude free-trade agreement
Saturday, 15 November 2014, 9:53 pm | BusinessDesk
Nov. 15 (BusinessDesk) - New Zealand and South Korea have concluded a free-trade agreement that's expected to cut into export tariffs in the nation's sixth-largest export market that currently run to about $230 million a year. More >>
RESEND: New Zealand, South Korea conclude free-trade accord
Saturday, 15 November 2014, 8:12 pm | BusinessDesk
Nov. 15 (BusinessDesk) - New Zealand and South Korea have concluded a free-trade agreement that's expected to cut into export tariffs in the nation's sixth-largest export market that currently run to about $230 million a year. More >>
UPDATE: New Zealand, South Korea conclude free-trade accord
Saturday, 15 November 2014, 7:40 pm | BusinessDesk
Nov. 15 (BusinessDesk) - New Zealand and South Korea have concluded a free-trade agreement that's expected to cut $230 million of export tariffs in New Zealand's sixth-largest export market, including $65 million in the first year. More >>
New Zealand, South Korea sign free trade agreement, Key says
Saturday, 15 November 2014, 4:22 pm | BusinessDesk
Nov. 15 (BusinessDesk) - New Zealand and South Korea have inked a free trade agreement following talks in Seoul last month, cutting tariffs for exporters to New Zealand's fifth-largest trading partner. More >>
MARKET CLOSE: NZ shares rise paced by Spark; NZOG falls
Friday, 14 November 2014, 5:32 pm | BusinessDesk
Nov. 14 (BusinessDesk) - New Zealand shares rose paced by Spark New Zealand on the promise its transformation was underway. New Zealand Oil and Gas fell as investors mulled the suspension of dividends in the near term. More >>
NZ dollar heads for 1.1% weekly gain
Friday, 14 November 2014, 5:04 pm | BusinessDesk
Nov. 14 (BusinessDesk) - The New Zealand dollar is heading for a 1.1 percent weekly gain as the local outlook for economic growth remains firm, and as support for the greenback waned after a rapid appreciation in recent months. More >>
Trustpower to raise up to $125M in seven-year bond offer
Friday, 14 November 2014, 4:21 pm | BusinessDesk
Nov. 14 (BusinessDesk) - Trustpower, the power company controlled by Infratil, wants to raise up to $125 million in a seven-year bond offer, which it plans to refinance an upcoming bond maturity, and use the rest for general purposes. More >>
Transpower says regulatory changes to hit future earnings
Friday, 14 November 2014, 4:10 pm | BusinessDesk
Nov. 14 (BusinessDesk) - Transpower, the state-owned operator of the national electricity grid, cut its expectations for profit in the coming six years after it reduced its revenue forecasts following regulatory decisions. More >>
CORRECT: NZ Refining margins improve as crude prices fall
Friday, 14 November 2014, 3:45 pm | BusinessDesk
Nov. 14 (BusinessDesk) - New Zealand Refining, which operates the Marsden Point refinery, expects to be more competitive as margins improve with the falling price of crude oil, and has almost repaid the outstanding processing fees it charged its shareholding ... More >>
NZME IPO plans still under way says APN
Friday, 14 November 2014, 3:15 pm | BusinessDesk
Nov. 14 (BusinessDesk) - APN News & Media, the Australian publisher of the New Zealand Herald, has reaffirmed plans to float its local media operation, NZME, scotching media reports the initial public offer had stalled. More >>
CORRECT: Evolve seeks $132.3M in IPO to fund acquisitions
Friday, 14 November 2014, 3:01 pm | BusinessDesk
Nov. 14 (BusinessDesk) - Evolve Education Group, which will be chaired by former Summerset Group boss Norah Barlow, is looking to raise $132.3 million of new capital in a dual listing on the ASX and NZX to fund its acquisition of childcare businesses. More >>
REINZ's O'Sullivan wants pre-purchase inspection standards
Friday, 14 November 2014, 2:57 pm | BusinessDesk
Nov. 14 (BusinessDesk) - Real Estate Institute chief executive Helen O’Sullivan wants to see pre-purchase building inspections regulated, a standard set for methamphetamine testing, and property managers come back under the Real Estate Industry Authority. More >>
Acurity independent directors back bonus issue
Friday, 14 November 2014, 2:49 pm | BusinessDesk
Nov. 14 (BusinessDesk) - Acurity Health Group's independent directors have backed a two-for-11 fully imputed taxable bonus share issue as part of a takeover bid by Connor Healthcare, which wants to buy the 29 percent of the hospital operator it ... More >>
Evolve seeks up to $132.3M in IPO to fund acquisitions
Friday, 14 November 2014, 2:31 pm | BusinessDesk
Nov. 14 (BusinessDesk) - Evolve Education Group, which will be chaired by former Summerset Group boss Norah Barlow, is looking to raise $132.3 million of new capital in a dual listing on the ASX and NZX to fund its acquisition of childcare businesses. More >>
Fonterra's forecast share dividend too low, unitholder says
Friday, 14 November 2014, 2:05 pm | BusinessDesk
Nov. 14 (BusinessDesk) - The Fonterra Shareholders' Fund, which holds 7.5 percent of the world’s largest dairy exporter, should be able to raise its 2015 dividend forecast given it expects to pay farmers less for their milk, reducing its input ... More >>
Steel & Tube expects annual revenue to grow 13% on stainless
Friday, 14 November 2014, 2:00 pm | BusinessDesk
Nov. 14 (BusinessDesk) - Steel & Tube, the steel building products manufacturer, expects full-year revenue to increase 13 percent as its stainless steel acquisition boosts earnings, while the wider trading environment remains competitive as falling ... More >>
Correction: REINZ boss first-home buyers' defeat
Friday, 14 November 2014, 1:57 pm | BusinessDesk
Correction: Real Estate Institute O'Sullivan says first-home buyers could give up on home ownership More >>
NZ Refining margins improve
Friday, 14 November 2014, 11:53 am | BusinessDesk
Nov. 14 (BusinessDesk) - New Zealand Refining, which operates the Marsden Point refinery, expects to be more competitive as margins improve with the falling price of crude oil, and has almost repaid the outstanding processing fees it charged its shareholding ... More >>
TPP conclusion in 2015 still 'challenging', says Power
Friday, 14 November 2014, 10:56 am | BusinessDesk
Nov. 14 (BusinessDesk) - The current rush of optimism among supporters of the Trans-Pacific Partnership free trade agreement that the troubled talks will land a deal in the first half of next year is optimistic and "a big ask," says Simon Power, ... More >>
