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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 902]
Hart's Reynolds Group sees asset sale decision by year-end
Friday, 14 November 2014, 10:52 am | BusinessDesk
Nov. 14 (BusinessDesk) - Reynolds Group Holdings, the global packaging empire built up by New Zealand billionaire Graeme Hart, expects to make a final decision on whether to carve out three of its units by the end of the year. More >>
MTF annual profit slips on financial instrument write downs
Friday, 14 November 2014, 10:50 am | BusinessDesk
Nov. 14 (BusinessDesk) - Motor Trade Finance, the auto finance firm, reported a 25 percent drop in annual earnings as a loss in the value of financial instruments offset gains in a growing loan book. More >>
Metlifecare appoints SkyCity's Callander to executive team
Friday, 14 November 2014, 9:48 am | BusinessDesk
Nov. 14 (BusinessDesk) - Metlifecare, the listed retirement village operator, has appointed former SkyCity Entertainment Group executive Richard Callander to its senior management team. More >>
Pushpay widens 1H loss as it spends on product development
Friday, 14 November 2014, 9:38 am | BusinessDesk
Nov. 14 (BusinessDesk) - Pushpay Holdings, the NZAX-listed mobile payment app developer, widened its loss in the first-half as it invested in new products and chased sales in its key US market. More >>
Bathurst cuts board size
Friday, 14 November 2014, 9:27 am | BusinessDesk
Nov. 14 (BusinessDesk) - Bathurst Resources, which was last year granted consent for an open-cast mine on the West Coast's Denniston Plateau, has trimmed down its board size as it clamps down on costs while waiting for the global coking coal market ... More >>
NZ dollar gains vs. sterling as investors cut UK outlook
Friday, 14 November 2014, 8:44 am | BusinessDesk
Nov. 14 (BusinessDesk) - The New Zealand dollar popped above 50 British pence, touching its highest level in almost two months, as weaker UK housing data added to concerns about the outlook for the country's economy and dented the prospect of higher interest ... More >>
While you were sleeping: Wall Street creeps to records
Friday, 14 November 2014, 7:45 am | BusinessDesk
Nov. 14 (BusinessDesk) - Wall Street seesawed, with the Dow and S&P 500 both touching fresh record highs, as gains in Wal-Mart on better-than-expected results offset declines in shares of energy companies as oil extended its slide. More >>
REINZ boss O'Sullivan says first-home buyers could give up
Thursday, 13 November 2014, 6:28 pm | BusinessDesk
Nov. 13 (BusinessDesk) - Departing Real Estate Institute chief executive Helen O’Sullivan said the Reserve Bank’s decision to continue the loan-to-value ratio restrictions on home loans could see some first-home buyers give up on the idea of ever owning ... More >>
MARKET CLOSE: NZ shares fall; MRP, Meridian, Contact drop
Thursday, 13 November 2014, 5:33 pm | BusinessDesk
Nov. 13 (BusinessDesk) - New Zealand shares fell led by MightyRiverPower, Meridian Energy and Contact Energy as investors cashed in profits on recent gains in power company stocks. Rakon rose to a 21-month high as it flagged a return to profitability. More >>
NZ dollar holds gains as yen falls on election speculation
Thursday, 13 November 2014, 5:22 pm | BusinessDesk
Nov. 13 (BusinessDesk) - The New Zealand dollar held its gains in local trading as the yen fell amid speculation that nation's government may call a snap election spilled over into other cross-rates, prompting investors to trim their greenback holdings. More >>
NZ payments systems ripe for regulation, Orwell CEO says
Thursday, 13 November 2014, 4:28 pm | BusinessDesk
Nov. 13 (BusinessDesk) - New Zealand's payments and settlements system is lagging behind the rest of the world in terms of regulation, and a new framework is needed for a sector that's undergoing rapid change, according to the head of London-based ... More >>
NZ house sales decline for 12th month in October, REINZ says
Thursday, 13 November 2014, 2:37 pm | BusinessDesk
Nov. 13 (BusinessDesk) - New Zealand house sales declined for a 12th month in October, one year on from the introduction of Reserve Bank high-debt mortgage lending restrictions. More >>
Pacific Edge appoints Spark's Kate Rankin as CFO
Thursday, 13 November 2014, 2:20 pm | BusinessDesk
Nov. 13 (BusinessDesk) - Pacific Edge, the non-invasive bladder cancer test developer, has appointed Kate Rankin as its chief financial officer as it continues its push into overseas markets. More >>
Consumer confidence slips to 14-month low
Thursday, 13 November 2014, 1:19 pm | BusinessDesk
Nov. 13 (BusinessDesk) - New Zealand consumer confidence fell to a 14-month low in November as households felt less optimistic about the future, with economic momentum cooling. More >>
UPDATE: Rakon shares climb to 21-month high
Thursday, 13 November 2014, 12:55 pm | BusinessDesk
Nov. 13 (BusinessDesk) - Shares of Rakon rose to their highest in 21 months after the high-tech components manufacturer flagged a return to profitability is looming, though investors will have to wait and see if they get a dividend. More >>
Food prices flat in October
Thursday, 13 November 2014, 11:31 am | BusinessDesk
Food prices flat in October as rising meat and milk prices offset decline in veggies More >>
NZ manufacturing activity rises to 15-month high in October
Thursday, 13 November 2014, 11:20 am | BusinessDesk
Nov. 13 (BusinessDesk) - New Zealand manufacturing activity accelerated for a fifth month to a 15-month high in October as a strong domestic economy supports local activity. More >>
CORRECT: Telstra spends $20 million for 2% of Orion Health
Thursday, 13 November 2014, 11:16 am | BusinessDesk
Nov. 13 (BusinessDesk) - Telstra Health, a unit of Australia's largest telecommunications business Telstra Corp, bought 2 percent of Orion Health Group in the healthcare management software developer's bookbuild last week in the lead up to its listing later this ... More >>
Rakon narrows first-half loss, affirms annual guidance
Thursday, 13 November 2014, 10:08 am | BusinessDesk
Nov. 13 (BusinessDesk) - Rakon, which makes crystal oscillators used in navigation devices, narrowed its first-half loss and affirmed its guidance for annual underlying earnings after cutting costs by shutting unprofitable operations around the world. More >>
Fletcher Building director Tilbrook steps down
Thursday, 13 November 2014, 9:57 am | BusinessDesk
Nov. 13 (BusinessDesk) - Fletcher Building director Gene Tilbrook will step down from the board of New Zealand's largest listed company in the first quarter of 2015 because of other commitments. More >>
