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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 905]
UPDATE: Infratil plans $120M capital return; shares gain
Tuesday, 11 November 2014, 1:03 pm | BusinessDesk
Nov. 11 (BusinessDesk) - Infratil shares rose to the highest in more than seven years after the infrastructure investor said it would return $120 million to investors via a special dividend and share buyback. More >>
UPDATE: Weekly rental increases hit city-dwellers
Tuesday, 11 November 2014, 12:39 pm | BusinessDesk
Nov. 11 (BusinessDesk) – Trade Me Property head Nigel Jeffries said the latest 6.4 percent rise in the median weekly cost of renting a house in New Zealand is likely to continue for some time yet in the major cities while most provincial regions were ... More >>
CORRECT: SPI's Alcock, Knight to repay $1.08 mln
Tuesday, 11 November 2014, 12:36 pm | BusinessDesk
CORRECT: SPI's Alcock, Knight to repay $1.08 mln, banned from directorships for 5 years More >>
SPI's Alcock, Knight must repay funds, receive ban
Tuesday, 11 November 2014, 12:09 pm | BusinessDesk
SPI's Alcock, Knight to repay $1.08 mln, banned from directorships for 5 years More >>
RBNZ seeks stronger regulatory oversight of payment systems
Tuesday, 11 November 2014, 12:02 pm | BusinessDesk
Nov. 11 (BusinessDesk) - The Reserve Bank wants stronger oversight of the nation's payment systems, with a particularly focus on managing risks from the global infrastructure that facilitates wholesale market transactions. More >>
UPDATE: Mainfreight shares slip as first-half earnings growt
Tuesday, 11 November 2014, 11:42 am | BusinessDesk
Nov. 11 (BusinessDesk) - Mainfreight shares, which have jumped by a third this year, fell after the NZX-listed transport group posted first-half earnings that disappointed some investors, with mixed results in the US and more work to do to lift profits ... More >>
NZ spending on credit, debit cards rises in October
Tuesday, 11 November 2014, 11:19 am | BusinessDesk
Nov. 11 (BusinessDesk) - New Zealanders increased their spending on debit and credit cards in October, with buying across all retail sectors rising, led by a boost in durables. More >>
NZ weekly rents rise 6% in year to October, Trade Me says
Tuesday, 11 November 2014, 11:17 am | BusinessDesk
Nov. 11 (BusinessDesk) - The median weekly cost of renting a house in New Zealand has risen more than six percent on a year ago, underpinned by a heated rental market in Christchurch, according to the Trade Me Property Rental price index out today. More >>
Infratil plans $120M return to shareholders; shares gain
Tuesday, 11 November 2014, 10:36 am | BusinessDesk
Nov. 11 (BusinessDesk) - Infratil will return $120 million to shareholders as a special dividend and share buyback after the infrastructure investor sold its Australian energy assets for a net $670 million. It's keeping a chunk of the funds in the kitty ... More >>
NZX regulation clears Gentrack over profit warning
Tuesday, 11 November 2014, 9:45 am | BusinessDesk
Nov. 11 (BusinessDesk) - Gentrack Group did not breach continuous disclosure rules when the utilities and airport software firm issued a profit warning some six weeks after debuting on the NZX, the stock market operator and regulator has found. More >>
Sealegs CEO David Glen resigns
Tuesday, 11 November 2014, 9:27 am | BusinessDesk
Nov. 11 (BusinessDesk) - Sealegs chief executive and director David Glen has resigned after three years in charge of the amphibious vehicle maker. More >>
Mainfreight sees full-year sales topping $2 bln
Tuesday, 11 November 2014, 9:22 am | BusinessDesk
Mainfreight sees full-year sales topping $2 bln after all units record first-half growth More >>
SLI Systems hires executive to drive North American sales
Tuesday, 11 November 2014, 8:55 am | BusinessDesk
Nov. 11 (BusinessDesk) - SLI Systems, the search engine developer, has hired Adaptive Insights executive Neil Thomas as its chief revenue officer and President of North America to help drive sales in the world's biggest economy. More >>
NZ dollar slips as US holiday saps trading
Tuesday, 11 November 2014, 8:41 am | BusinessDesk
Nov. 11 (BusinessDesk) - The New Zealand dollar edged lower in quiet trading with little new economic data released and many US traders out of the market as they take a long weekend holiday. More >>
While you were sleeping: Fresh records on Wall Street
Tuesday, 11 November 2014, 7:44 am | BusinessDesk
Nov. 11 (BusinessDesk) - Wall Street climbed, with the Dow and the S&P 500 touching record highs, amid optimism about the outlook for the US economy and corporate profits. More >>
Comvita sets up JV with East Taupo Lands Trust
Monday, 10 November 2014, 6:16 pm | BusinessDesk
Nov. 10 (BusinessDesk) - Comvita, which produces health products derived from manuka honey, has entered into a joint venture with East Taupo Lands Trust to harvest manuka honey, securing the supply of its main ingredient. More >>
MARKET CLOSE: NZX 50 rises to record on yield appetite
Monday, 10 November 2014, 5:33 pm | BusinessDesk
Nov. 10 (BusinessDesk) - New Zealand shares rose to a fresh record, paced by Spark New Zealand, Fletcher Building and Contact Energy, as investors continued to be drawn to equities for higher yields. Xero climbed to a month-high, as risk appetite returned ... More >>
NZ dollar gains after upbeat Chinese data, softer US employm
Monday, 10 November 2014, 5:09 pm | BusinessDesk
Nov. 10 (BusinessDesk) - The New Zealand dollar gained after Chinese data showed better-than-expected export figures and after Friday's lower-than-anticipated jobs growth in the US. More >>
Acurity to make bonus 2-for-11 issue as part of Connor offer
Monday, 10 November 2014, 5:04 pm | BusinessDesk
Connor to buy AMP Capital's Acurity stake after agreeing to issue of taxable shares More >>
Environmental lobbies seek input on Ruataniwha nitrogen
Monday, 10 November 2014, 2:37 pm | BusinessDesk
Nov. 10 (BusinessDesk) - Environmental groups want to have their say on a late tweak to the conditions imposed on the proposed $230 million Ruataniwha dam in Hawke's Bay in a High Court challenge. More >>
