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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 906]
NZ Dollar Outlook: Kiwi may consolidate before RBNZ report
Monday, 10 November 2014, 2:11 pm | BusinessDesk
Nov. 10 (BusinessDesk) - The New Zealand dollar may hold around current levels this week as traders anticipate Reserve Bank governor Graeme Wheeler could take aim at its recent strength. More >>
Evolve Education confirms IPO, to raise up to $130 million
Monday, 10 November 2014, 1:31 pm | BusinessDesk
Nov. 10 (BusinessDesk) - Evolve Education Group, which is looking to buy several childcare businesses, has confirmed a planned an initial public offer in a dual listing on the NZX and ASX to fund a series of acquisitions in early childhood education. More >>
IkeGPS snags former Apple executive Mander, Trimble's Shaw
Monday, 10 November 2014, 12:55 pm | BusinessDesk
Nov. 10 (BusinessDesk) - IkeGPS, the makers of remote measuring devices, has hired former Apple Inc executive Richard Mander and Trimble Navigation's Peter Shaw to join the business as it chases US market share. More >>
FMA clears Gentrack prospectus, risks could've been clearer
Monday, 10 November 2014, 10:07 am | BusinessDesk
Nov. 10 (BusinessDesk) - The Financial Markets Authority has cleared Gentrack Group's prospectus but said risks could have been made clearer after the utilities and airport software firm issued a profit downgrade some six weeks after its initial public offer. More >>
Heartland hires Kiwibank executive as new chief risk officer
Monday, 10 November 2014, 9:18 am | BusinessDesk
Nov. 10 (BusinessDesk) - Heartland New Zealand, the bank formed through the merger of Canterbury and Southern Cross building societies with Marac Finance, has hired Kiwibank executive Richard Lorraway as its new chief risk officer. More >>
High Value Nutrition funding decisions due by year end
Monday, 10 November 2014, 9:17 am | BusinessDesk
Nov. 10 (BusinessDesk) - The first and largest of the government’s controversial National Science Challenges, High Value Nutrition, will reach agreement by year’s end on what science will be funded to meet the goal of developing high-value foods ... More >>
Kiwis push boundaries on UAVs as drones get more freedom
Monday, 10 November 2014, 8:43 am | BusinessDesk
Nov. 10 (BusinessDesk) - Good old Kiwi ingenuity on a shoe-string budget could see the world’s first unmanned aerial vehicle (UAV) for long-range search and rescue operational within the next two years. More >>
NZ dollar rises after US jobs report lags expectations
Monday, 10 November 2014, 8:36 am | BusinessDesk
Nov. 10 (BusinessDesk) - The New Zealand dollar rose after a key US employment report failed to meet expectations, weighing on the greenback. More >>
World Week Ahead: Yellen, US retail sales
Monday, 10 November 2014, 7:41 am | BusinessDesk
Nov. 10 (BusinessDesk) - Remarks by Federal Reserve Chair Janet Yellen on Thursday, followed by the latest monthly report on US retail sales will draw the focus of the week as Wall Street continues to set fresh record highs. More >>
Knauf's Australian, NZ plasterboard unit chiefs resign
Friday, 7 November 2014, 7:17 pm | BusinessDesk
Nov. 7 (BusinessDesk) - The Australian and New Zealand chiefs of Knauf's plasterboard operations have resigned and the New Zealand business is under review, having posted a loss in its first nine months of operations. More >>
MARKET CLOSE: NZ shares rise as power companies hit records
Friday, 7 November 2014, 5:32 pm | BusinessDesk
Nov. 7 (BusinessDesk) - New Zealand shares rose as MightyRiverPower, Genesis Energy and Meridian Energy reached records on their inclusion in international stock indices. Diligent Board Member Services gained after its third quarter sales beat expectations ... More >>
NZ dollar heads for 1.5% weekly fall vs. greenback
Friday, 7 November 2014, 5:19 pm | BusinessDesk
NZ dollar heads for 1.5% weekly fall vs. greenback as US employment figures loom More >>
Orion to raise $125 mln at $5.70 a share, top of the range
Friday, 7 November 2014, 4:52 pm | BusinessDesk
Nov. 7 (BusinessDesk) - Shares of Orion Healthcare Group, which develops software systems for patient health management, have been priced at $5.70, the top of the range, raising $125 million, the bulk of which is new capital. More >>
Spark moves into 2nd phase of transformation to retailer
Friday, 7 November 2014, 2:29 pm | BusinessDesk
Nov. 7 (BusinessDesk) - Spark New Zealand, the rebranded Telecom Corp, said it was nearing the end of the first phase of its transformation from a traditional telco to a digital services business. More >>
MSCI reshuffle sees MRP, Meridian join main global index
Friday, 7 November 2014, 2:13 pm | BusinessDesk
Nov. 7 (BusinessDesk) - A review of global indices by MSCI has added MightyRiverPower and Meridian Energy to the international investment advisor's main global index, while Xero has exited to a smaller cap index. More >>
Court of Appeal rejects Danone move to overturn stay on suit
Friday, 7 November 2014, 12:59 pm | BusinessDesk
Nov. 7 (BusinessDesk) - The Court of Appeal has rejected an attempt by French food company Danone to overturn a stay of proceedings in its damages suit against Fonterra Cooperative Group pending arbitration in Singapore. More >>
GIC expands NZ presence, buying into 5 Westfield malls
Friday, 7 November 2014, 11:24 am | BusinessDesk
Nov. 7 (BusinessDesk) - GIC, the Singaporean investment fund, has entered a joint venture with Scentre Group, the trans-Tasman Westfield mall owner and operator, paying $1 billion to take a 49 percent stake in five New Zealand shopping centres. More >>
Alliance FY profit rises 11% on demand for red meat
Friday, 7 November 2014, 11:01 am | BusinessDesk
Nov. 7 (BusinessDesk) - Alliance Group, the world's largest processor and exporter of sheepmeat, posted an 11 percent rise in annual profit and is distributing $7 million to its supplier shareholders, the first payout in three years. More >>
NZF in due diligence for reverse listing
Friday, 7 November 2014, 10:45 am | BusinessDesk
Nov. 7 (BusinessDesk) - NZF Group, the listed financial services shell company blocked from liquidating by its major noteholder this year, is in due diligence for a possible reverse listing, with a view to signing a deal before the end of the month. More >>
Augusta lifts 1H earnings 11% on Victoria Dock syndication
Friday, 7 November 2014, 10:44 am | BusinessDesk
Nov. 7 (BusinessDesk) - Augusta Capital, the listed property investor and fund manager, lifted first-half earnings 11 percent as its Victoria Dock syndication helped drive revenue in its funds management unit, and as it bedded in an expanded property portfolio. More >>
