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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 907]
UPDATE: Diligent shares climb as it mulls capital return
Friday, 7 November 2014, 10:39 am | BusinessDesk
Nov. 7 (BusinessDesk) - Diligent Board Member Services, the governance app developer, is mulling a capital return after its cash balance swelled 8.4 percent in the third quarter and it lifted its full-year profit forecast. The shares rose to the highest ... More >>
NZ govt deficit in line with forecast
Friday, 7 November 2014, 10:07 am | BusinessDesk
Nov. 7 (BusinessDesk) - The New Zealand government's operating deficit was in line with pre-election forecasts as company and income tax came in ahead of expectations, offsetting the lower domestic consumption which has been weighing on GST. More >>
Veritas buys bar owner for $31.2M, 4th purchase in 18 months
Friday, 7 November 2014, 10:04 am | BusinessDesk
Nov. 7 (BusinessDesk) - Veritas Investments, a food and beverage investor, agreed to buy The Better Bar Group of companies for $31.2 million in cash and shares, its fourth acquisition in 18 months. The shares rose after the announcement. More >>
Warehouse lifts 1Q sales by 3.5%, lifts 'Red Shed' margins
Friday, 7 November 2014, 9:37 am | BusinessDesk
Nov. 7 (BusinessDesk) - Warehouse Group, the country's biggest listed retailer, lifted first-quarter sales 3.5 percent, opening more Noel Leeming and stationery stores, and widened margins at its dominant 'Red Shed' unit. More >>
Diligent boosts earnings 8% in third quarter
Friday, 7 November 2014, 9:18 am | BusinessDesk
Nov. 7 (BusinessDesk) - Diligent Board Member Services, the governance app developer, boosted earnings growth 8 percent in the September quarter, beating guidance, and lifted its full-year profit forecast. More >>
NZ dollar rises vs. ruble on reduced Russian intervention
Friday, 7 November 2014, 8:55 am | BusinessDesk
Nov. 7 (BusinessDesk) - The New Zealand dollar rose to a record against the Russian ruble amid tensions with Ukraine and after the country's central bank this week scaled back its currency intervention policy. More >>
India FTA talks back on after agriculture ministers meet
Friday, 7 November 2014, 8:06 am | BusinessDesk
Nov. 7 (BusinessDesk) - Stalled free trade negotiations with India have taken a positive step forward with a commitment from the Indian Agriculture Minister, Radha Mohan Singh, to schedule the next round of talks following a meeting in New Delhi with ... More >>
While you were sleeping: ECB boosts sentiment
Friday, 7 November 2014, 7:51 am | BusinessDesk
Nov. 7 (BusinessDesk) - Wall Street advanced, pushing the Dow and the S&P 500 to record highs, after the European Central Bank announced plans for more stimulus in its efforts to bolster the flagging euro-zone economy. More >>
MARKET CLOSE: NZ shares rise; MRP, Genesis, Meridian gain
Thursday, 6 November 2014, 5:37 pm | BusinessDesk
Nov. 6 (BusinessDesk) - New Zealand shares rose, paced by Genesis Energy, Meridian Energy and MightyRiverPower as investors bet on a boost to dividend payouts by the state-controlled power companies. Xero climbed to a two-week high after acquiring ... More >>
MRP 2015 earnings to be at lower end of guidance
Thursday, 6 November 2014, 3:12 pm | BusinessDesk
MightyRiverPower 2015 earnings to be at lower end of guidance; may buy back more shares More >>
ERoad gets 'please explain' after shares gain 16% in 6 days
Thursday, 6 November 2014, 2:22 pm | BusinessDesk
Nov. 6 (BusinessDesk) - ERoad, the logistics and fleet management company, got a 'please explain' by NZX regulation after its stock gained 16 percent since the end of last month. More >>
Visa NZ sees rapid rise in contactless card use
Thursday, 6 November 2014, 2:10 pm | BusinessDesk
Nov. 6 (BusinessDesk) - Visa Inc's local unit has seen a trebling in the use of contactless card transactions over the past year, as people become more comfortable with the new way of paying for small items in a strong domestic market. More >>
David Kirk's tech fund to raise A$40 million on ASX
Thursday, 6 November 2014, 12:56 pm | BusinessDesk
David Kirk's tech fund to raise A$40 million on ASX to invest in NZ, Aus tech More >>
NZ property values rise at slowest pace in 2 years
Thursday, 6 November 2014, 12:16 pm | BusinessDesk
Nov. 6 (BusinessDesk) - New Zealand property values rose at the slowest pace in two years in October, as Reserve Bank restrictions on home loan-to-value ratios weighed on new home buyers, while prices in Auckland continued to accelerate, according to ... More >>
APN to take $54 mln charge on NZ mastheads in 2014
Thursday, 6 November 2014, 11:20 am | BusinessDesk
APN to take $54 mln charge on NZ mastheads, sees 5.1% drop in NZME's 2015 earnings More >>
Xero pays $10M for US online payroll company Monchilla
Thursday, 6 November 2014, 10:51 am | BusinessDesk
Nov. 6 (BusinessDesk) - Xero, the cloud-based accounting firm, paid the equivalent of $10 million in cash and shares for US online payroll company Monchilla to help drive its expansion in the world's largest economy. More >>
Z Energy 1H earnings fall on refinery top-ups, weaker kiwi
Thursday, 6 November 2014, 10:20 am | BusinessDesk
Nov. 6 (BusinessDesk) - Z Energy, the service station chain, reported a 13 percent decline in first-half earnings, missing its prospectus forecast, after it made top-up payments to the Marsden oil refinery and booked a loss on a weaker New Zealand dollar. More >>
CORRECT: Telogis seeks to double workers in NZ
Thursday, 6 November 2014, 9:52 am | BusinessDesk
CORRECT: Telogis seeks to double workers in NZ after opening bigger R&D hub in Christchurch More >>
Wellington City approves Hilton hotel, convention centre
Thursday, 6 November 2014, 9:13 am | BusinessDesk
Nov. 6 (BusinessDesk) - Wellington City Council has signed off on a 165-bed Hilton Corp hotel and convention centre in a deal with a local developer Mark Dunajtschik it says will give the city low-cost, low-risk access to a facility that will add ... More >>
NZ dollar falls after Republicans sweep US mid-terms
Thursday, 6 November 2014, 8:49 am | BusinessDesk
NZ dollar dips below key 77 US cts as greenback touches fresh four-year high More >>
