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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 903]
Telstra spends $20 million for 2% of Orion Health
Thursday, 13 November 2014, 9:48 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 >>
NZ dollar jumps vs. pound after BoE warns of low inflation
Thursday, 13 November 2014, 8:45 am | BusinessDesk
Nov. 13 (BusinessDesk) - The New Zealand dollar jumped to a four-week high against the British pound after the Bank of England cut its growth and inflation forecasts and signalled interest rates aren't likely to rise anytime soon. More >>
While you were sleeping: Financial shares slide
Thursday, 13 November 2014, 7:48 am | BusinessDesk
Nov. 13 (BusinessDesk) - Wall Street fluctuated near record highs as a decline in financial shares amid concern about the prospect of additional fines from a foreign exchange manipulation probe offset optimism that the US economic recovery is progressing ... More >>
NZ firms broadly satisfied with employment law reform
Thursday, 13 November 2014, 6:33 am | BusinessDesk
Nov. 13 (BusinessDesk) - New Zealand firms have given the thumbs up to new employment law aimed at creating a more flexible work force by letting employers negotiate the terms of meal breaks and overhauling collective bargaining rules. More >>
MARKET CLOSE:NZ shares fall; Genesis, Meridian drop
Wednesday, 12 November 2014, 5:40 pm | BusinessDesk
Nov. 12 (BusinessDesk) - New Zealand shares fell, snapping four days of gains, led by Genesis Energy, Meridian Energy and MightyRiverPower as investors looked to crystalise gains in the energy companies. Kiwi Income Property Trust, DNZ Property Fund and ... More >>
RESEND2: Fonterra told it has to stay competitive on payout
Wednesday, 12 November 2014, 5:28 pm | BusinessDesk
Nov. 12 (BusinessDesk) - Fonterra Cooperative Group had to set the benchmark for a competitive farmgate milk price, former director Jim van der Poel told the diary exporter's annual meeting in his exit speech. More >>
NZ dollar gains after RBNZ's stability report
Wednesday, 12 November 2014, 5:18 pm | BusinessDesk
Nov. 12 (BusinessDesk) - The New Zealand dollar gained after the Reserve Bank's report on the strength of the nation's financial system reminded the market that the central bank is still in a tightening cycle, and will continue to lift interest rates when ... More >>
Fonterra warned it has to stay competitive on payout
Wednesday, 12 November 2014, 5:16 pm | BusinessDesk
Nov. 12 (BusinessDesk) - Fonterra Cooperative Group had to set the benchmark for a competitive farmgate milk price, former director Jim van der Poel told the diary exporter's annual meeting in his exit speech. More >>
CORRECT: Fonterra shareholders concerned over lower payout
Wednesday, 12 November 2014, 4:38 pm | BusinessDesk
Nov. 12 (BusinessDesk) - Shareholders of Fonterra Cooperative Group raised their concerns over the reduced milk payout for the 2015 season, and the way forecasts are made and the milk price is set, at the annual meeting in Palmerston North today. More >>
Pacific Aerospace makes first delivery in Chinese deals
Wednesday, 12 November 2014, 4:31 pm | BusinessDesk
Nov. 12 (BusinessDesk) - Pacific Aerospace has delivered the first two of 53 aircraft sold to China firms which amount to $120 million of sales. More >>
TruScreen rises as high as 60% in compliance listing on NZAX
Wednesday, 12 November 2014, 4:13 pm | BusinessDesk
Nov. 12 (BusinessDesk) - Shares of TruScreen, which develops a cervical cancer screening system, rose as much as 60 percent from the recent issue price of 10 cents in its compliance listing on the small-cap NZX Alternative Market. More >>
NZX proposes move to T+2 from T+3 for cash market trades
Wednesday, 12 November 2014, 4:06 pm | BusinessDesk
Nov. 12 (BusinessDesk) - NZX, the operator of the New Zealand stock exchange, is seeking feedback on a proposal to shorten the settlement time in cash markets by a day, putting it in line with other bourse operators. More >>
'NXT' year for NZX's new growth market
Wednesday, 12 November 2014, 3:48 pm | BusinessDesk
Nov. 12 (BusinessDesk) - NXT, NZX's new growth focused market, is unlikely to launch this year, as companies wait for new legislation to come into effect and the quiet Christmas period approaches, the stock market operator says. More >>
Wellington Airport posts 4.8% drop in 1H profit
Wednesday, 12 November 2014, 3:32 pm | BusinessDesk
Nov. 12 (BusinessDesk) - Wellington International Airport, which is two thirds owned by Infratil, posted a 4.8 percent drop in first-half earnings, reflecting fewer flights to Auckland and Queenstown. More >>
Smiths City starts CEO search after Hellings signals exit
Wednesday, 12 November 2014, 2:37 pm | BusinessDesk
Nov. 12 (BusinessDesk) - Smiths City Group, the Christchurch-based retail chain, is looking for a new chief executive after long-serving head Rick Hellings said he plans to leave after three decades with the company. More >>
Fonterra shareholders flag concern over lower payout at AGM
Wednesday, 12 November 2014, 2:28 pm | BusinessDesk
Nov. 12 (BusinessDesk) - Fonterra Cooperative Group shareholders used their annual meeting in Palmerston North to raise concerns over the reduced 2015 milk payout, the dairy giant's forecasting and the way the milk price is set. More >>
NZ dairy farmers strong enough to endure bad season: Spencer
Wednesday, 12 November 2014, 2:08 pm | BusinessDesk
Nov. 12 (BusinessDesk) - New Zealand's dairy farmers have strong enough balance sheets to cope with one season of low payout, but could struggle if they have to tighten their belts for longer, according to the Reserve Bank. More >>
NZ guest nights jump to a record in September
Wednesday, 12 November 2014, 12:32 pm | BusinessDesk
Nov. 12 (BusinessDesk) - New Zealand guest nights rose 1.1 percent to a record for a September month, driven by a rebound in international traveller numbers following a decline the previous month. More >>
Treasury advised to revisit work on deposit insurance
Wednesday, 12 November 2014, 11:50 am | BusinessDesk
Nov. 12 (BusinessDesk) - A review of the Treasury's fiscal policy advice has recommended the government's financial adviser revisits its work on deposit insurance in tandem with the Reserve Bank, saying the issue remains a concern in the unlikely event of ... More >>
BurgerFuel more than doubles 1H earnings on store openings
Wednesday, 12 November 2014, 11:45 am | BusinessDesk
Nov. 12 (BusinessDesk) - BurgerFuel Worldwide, the NZAX-listed fast food chain, more than doubled first-half earnings as it opened seven new stores in the period, lifting sales. More >>
