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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 910]
NZ dollar touches month-low vs. greenback on US optimism
Monday, 3 November 2014, 5:21 pm | BusinessDesk
Nov. 3 (BusinessDesk) - The New Zealand dollar touched a month-low against the US dollar as the greenback broadly strengthened on optimism about the US economy and after the Bank of Japan upped its stimulus plans. More >>
Goodman enters JV with Singapore's GIC for Viaduct Quarter
Monday, 3 November 2014, 3:29 pm | BusinessDesk
Nov. 3 (BusinessDesk) - Goodman Property Trust, the country's largest listed property investor by market capitalisation, has entered into a joint venture with Singapore's GIC to co-invest in its Auckland Viaduct Quarter development. More >>
Countdown posts 1.1% rise in 1Q sales on new stores
Monday, 3 November 2014, 2:37 pm | BusinessDesk
Countdown posts 1.1% rise in 1Q sales as new stores openings offset weaker prices More >>
ASX-listed Inventis restructures ailing NZ unit
Monday, 3 November 2014, 2:32 pm | BusinessDesk
Nov. 3 (BusinessDesk) - Inventis, the ASX-listed furniture and technology company, has restructured its unprofitable New Zealand unit, after talks to sell the business to the local management and another external buyer fell through. More >>
NZ Dollar Outlook: Kiwi may fall ahead of US labour data
Monday, 3 November 2014, 12:27 pm | BusinessDesk
Nov. 3 (BusinessDesk) - The New Zealand dollar may decline as the US dollar continues to trend higher leading into a key jobs report, amid a slew of economic indicators and central bank meetings. More >>
PGC shares resume trading after filing late annual report
Monday, 3 November 2014, 12:07 pm | BusinessDesk
Nov. 3 (BusinessDesk) - Shares of Pyne Gould Corp, which is controlled by managing director George Kerr, have resumed trading after filing its late annual report, which was tagged by auditors and showed a bigger decline in profit than in the preliminary ... More >>
UPDATE: Westpac NZ delivers 13% annual profit boost
Monday, 3 November 2014, 11:30 am | BusinessDesk
UPDATE: Westpac NZ delivers 13% annual profit boost, as lending improves and bad debts fall More >>
ASB director Robert Jesudason resigns
Monday, 3 November 2014, 11:23 am | BusinessDesk
Nov. 3 (BusinessDesk) - Robert Jesudason, an executive at Commonwealth Bank Australia, has resigned from the board of the Australian bank's New Zealand arm, ASB Bank. More >>
Trustpower posts 16% gain in 1H profit, eyes Aust renewables
Monday, 3 November 2014, 10:45 am | BusinessDesk
Nov. 3 (BusinessDesk) - Trustpower, the energy company controlled by Infratil, posted a 16 percent gain in first-half profit after lifting retail electricity sales and said it is seeking more wind farm opportunities in Australia. More >>
Westpac NZ second-half earnings increase 3%
Monday, 3 November 2014, 10:38 am | BusinessDesk
Nov. 3 (BusinessDesk) - Westpac New Zealand, the local unit of Australia's Westpac Banking Corp, reported a 3 percent rise in second-half earnings on the back of strong growth in financial services and mortgages with a loan to value ratio of less than ... More >>
CORRECT: Xero 3Q cash burn accelerates for a second quarter
Monday, 3 November 2014, 9:48 am | BusinessDesk
(Recasts headline, lede and 2nd graph after fixing incorrect cashflow comparisons in story that ran on Friday Oct. 31) More >>
RIS shares face suspension over late annual report
Monday, 3 November 2014, 9:26 am | BusinessDesk
Nov. 3 (BusinessDesk) - RIS Group, the NZAX-listed shell company, has until the end of the week to file its annual report with NZX or its shares will be suspended from trading. More >>
NZ dollar jumps vs. yen after BoJ increases stimulus
Monday, 3 November 2014, 8:36 am | BusinessDesk
Nov. 3 (BusinessDesk) - The New Zealand dollar jumped to a five-week high against the yen after the Japanese central bank unexpectedly expanded its monetary stimulus programme in an attempt to boost growth and inflation in the world's third-largest ... More >>
Countdown adds insurance services to supermarket offering
Monday, 3 November 2014, 7:59 am | BusinessDesk
Nov. 3 - (BusinessDesk) - Countdown, the New Zealand supermarket chain owned by Australian retailer Woolworths, is adding insurance services as it seeks to widen the offering to its 2.7 million weekly customers. More >>
World Week Ahead: Focus on US jobs data
Monday, 3 November 2014, 7:00 am | BusinessDesk
Nov. 3 (BusinessDesk) - Investors will scrutinise the latest US labour market data to gauge the timing of a Federal Reserve interest rate increase as Wall Street returned to record highs amid optimism central banks will remain supportive of propelling ... More >>
CORRECT: China lifts temporary ban on Fonterra whey products
Saturday, 1 November 2014, 5:03 pm | BusinessDesk
(Fixes proportion banned products make up of total exports to China in 4th graph in story that ran on Friday Oct. 31) More >>
Solid Energy annual losses mount with another $110.6 mln in
Friday, 31 October 2014, 6:09 pm | BusinessDesk
Oct. 31 (BusinessDesk) - Solid Energy posted its third annual loss in a row as the financially distressed state-owned coal miner wrote down the value of its export operations amid lower coal price assumptions, and warned of more red ink to come. More >>
Update: China lifts temporary ban on Fonterra whey products
Friday, 31 October 2014, 6:06 pm | BusinessDesk
Oct. 31 (BusinessDesk) - Chinese authorities have lifted a temporary ban on the importation of Fonterra Cooperative Group's whey powder and dairy base powder used in the manufacture of infant formula that has been in place since August last year in the wake of the ... More >>
MARKET CLOSE: NZX 50 rises to a record; led by Ebos
Friday, 31 October 2014, 5:52 pm | BusinessDesk
Oct. 31 (BusinessDesk) - New Zealand shares rose to a record led by Ebos Group amid optimist about its prospects in Australia as it signalled a 10 percent boost to first quarter trading. Steel & Tube and Fletcher Building were boosted by rising building ... More >>
China lifts ban on Fonterra whey powders
Friday, 31 October 2014, 5:25 pm | BusinessDesk
Oct. 31 (BusinessDesk) - Chinese authorities have lifted a temporary ban on the importation of Fonterra Cooperative Group's whey powder and dairy base powder used in the manufacture of infant formula that has been in place since August last year in the wake of the ... More >>
