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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 908]
Telogis seeks to double workers in NZ
Thursday, 6 November 2014, 7:48 am | BusinessDesk
Telogis seeks to double workers in NZ after opening bigger R&D hub in Christchurch More >>
While you were sleeping: Equities lift on oil, data
Thursday, 6 November 2014, 7:47 am | BusinessDesk
Nov. 6 (BusinessDesk) - Wall Street rose, pushing the Dow to a record high, as the price of oil rebounded and Republicans won control of the Senate. More >>
Cervical cancer screening firm TruScreen to list on NZAX
Wednesday, 5 November 2014, 5:47 pm | BusinessDesk
Nov. 5 (BusinessDesk) - TruScreen, which develops a cervical cancer screening system, plans to join the small-cap NZX Alternative Market next week in a compliance listing. More >>
MightyRiverPower to pay special dividend
Wednesday, 5 November 2014, 5:43 pm | BusinessDesk
Nov. 5 (BusinessDesk) - MightyRiverPower, the first of the state-owned power companies to be partially privatised last year, will pay a special dividend to shareholders after the latest board review of its capital management. More >>
MARKET CLOSE: NZ shares snap 12 days of gains
Wednesday, 5 November 2014, 5:39 pm | BusinessDesk
Nov. 5 (BusinessDesk) - New Zealand shares fell, paced by Spark New Zealand and Fletcher Building, snapping 12 consecutive days of gains as some investors looked to book profits. Nuplex Industries fell on disappointing guidance. More >>
NZ dollar gains after strong employment report
Wednesday, 5 November 2014, 5:09 pm | BusinessDesk
Nov. 5 (BusinessDesk) - The New Zealand dollar gained after government figures showed a strengthening labour market is soaking up an increased supply of new migrants and returning kiwis, though as yet not feeding through into wage inflation. More >>
Kiwi SMES show strongest growth in five years: MYOB survey
Wednesday, 5 November 2014, 3:17 pm | BusinessDesk
Nov. 5 (BusinessDesk) - New Zealand’s small and medium-sized businesses are recording their fastest sales growth since 2009 compared to a steady-as-they-go effort by their Australian counterparts, according to the Five Year MYOB Business Monitor report. More >>
Treasury thinking more laterally, Makhlouf said
Wednesday, 5 November 2014, 2:24 pm | BusinessDesk
Nov. 5 (BusinessDesk) - The Treasury is adopting a more holistic approach in formulating ways to drive social achievement beyond simple economic growth measures, Secretary Gabriel Makhlouf says. More >>
NZ dollar gains after improving employment figures
Wednesday, 5 November 2014, 12:59 pm | BusinessDesk
Nov. 5 (BusinessDesk) - The New Zealand dollar rose more than half a US cent after government figures showed growing strength in the labour market as local employers soak up an excess supply of new migrants and returning kiwis. More >>
Connor takeover of Acurity stalls as ComCom seeks extension
Wednesday, 5 November 2014, 12:46 pm | BusinessDesk
Nov. 5 (BusinessDesk) - Connor Healthcare's takeover for the 29 percent of Acurity Health Group it doesn't already own has stalled after the Commerce Commission requested an extension past the offer's closing date. More >>
GlycoSyn seeks more sales of ingredient worth more than gold
Wednesday, 5 November 2014, 12:06 pm | BusinessDesk
Nov. 5 (BusinessDesk) - GlycoSyn is seeking new global customers for kifunensine, a key ingredient in the manufacture of a drug for the treatment of rare genetic disorders that's worth 20 times more than gold on a per-gram basis. More >>
Auckland house sales fall in October, as listings grow
Wednesday, 5 November 2014, 12:00 pm | BusinessDesk
Nov. 5 (BusinessDesk) - Auckland house sales fell in October from the month earlier, as the number of unsold properties on Barfoot & Thompson's books rose to the highest level since July, the city's biggest realtor said. More >>
Nuplex sees 8.2 % FY earnings growth as it restructures ANZ
Wednesday, 5 November 2014, 11:50 am | BusinessDesk
Nov. 5 (BusinessDesk) - Nuplex Industries, the specialty chemical manufacturer, expects earnings growth of up to 8.2 percent in the 2015 financial year, as it sells businesses in Australian and New Zealand to become solely focused on its global resins business. More >>
Aucklanders build McMansions as land values soar
Wednesday, 5 November 2014, 11:22 am | BusinessDesk
Nov. 5 (BusinessDesk) - Auckland land prices have surged ahead of the rest of the country as a proportion of the cost of a new dwelling, spurring owners to almost double the size of their houses in the past four decades and exacerbating a shortfall ... More >>
NZ jobless rate falls to 5-1/2 year low as rising migration
Wednesday, 5 November 2014, 10:56 am | BusinessDesk
NZ jobless rate falls to 5-1/2 year low as rising migration mopped up by employers More >>
Restaurant Brands pays $10.5M for Carl's Jr outlets
Wednesday, 5 November 2014, 9:48 am | BusinessDesk
Nov. 5 (BusinessDesk) - Restaurant Brands New Zealand, the nation's largest fast food operator, agreed to buy seven Carl's Jr stores owned and operated by Forsgren NZ for $10.5 million, making it the sole operator of the burger chain brand in New ... More >>
Briscoe sees FY earnings 'easily' beating last year
Wednesday, 5 November 2014, 9:46 am | BusinessDesk
Nov. 5 (BusinessDesk) - Briscoe Group, the homeware and sporting goods retail chain, will "easily exceed" last year's annual profit after third-quarter sales rose 4.5 percent on the strength of its sporting goods unit, maintaining momentum ... More >>
NZX trading volumes rise in October
Wednesday, 5 November 2014, 9:45 am | BusinessDesk
Nov. 5 (BusinessDesk) - The volume of trades on the New Zealand stock exchange increased in October, boosted by a rise in lower value equity transactions and more trading in the debt market. More >>
Commerce Commission clears Wotif, Expedia merger
Wednesday, 5 November 2014, 9:21 am | BusinessDesk
Nov. 5 (BusinessDesk) - The Commerce Commission has cleared a merger of online travel agencies Expedia and Wotif.com Holdings after assessing concerns the tie-up would lead to increased commission rates. More >>
NZ dollar advances as greenback declines from four-year high
Wednesday, 5 November 2014, 8:46 am | BusinessDesk
Nov. 5 (BusinessDesk) - The New Zealand dollar advanced as the greenback fell from its highest level in more than four years following weaker US trade data and declining oil prices. More >>
