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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 914]
Silver Fern turns to pretax profit, mulls capital structure
Tuesday, 28 October 2014, 11:13 am | BusinessDesk
Oct. 28 (BusinessDesk) - Silver Fern Farms turned to a pretax profit following losses the previous two years and signalled a reorganisation that may lead New Zealand's biggest meat processor and marketer to change its capital structure. More >>
Martin Jetpack seeks A$25M in ASX listing to fund plans
Tuesday, 28 October 2014, 11:02 am | BusinessDesk
Oct. 28 (BusinessDesk) - Martin Aircraft Co, which counts Jenny Morel's No 8 Ventures among its shareholders, is looking to raise A$25 million in an ASX listing to fund plans which it says would make it the world's first commercial jetpack manufacturer. More >>
GPG's Coats posts flat 3rd-quarter sales, affirms FY target
Tuesday, 28 October 2014, 9:19 am | BusinessDesk
Oct. 28 (BusinessDesk) - Guiness Peat Group's Coats unit reported flat sales in the third quarter, affirming expectations annual profit will meet market forecasts, while the wider group continues to work through its outstanding UK pension liabilities. More >>
NZ dollar rises as weaker US data weighs on greenback
Tuesday, 28 October 2014, 8:34 am | BusinessDesk
Oct. 28 (BusinessDesk) - The New Zealand dollar advanced after weaker-than-expected US data weighed on the US dollar. More >>
While you were sleeping: Wall Street slips with oil
Tuesday, 28 October 2014, 7:48 am | BusinessDesk
Oct. 28 (BusinessDesk) - Wall Street slipped as oil prices continued their slide, while the latest US economic data also lacked lustre though failed to alter the view that the economy is on firm footing. More >>
Dairy prices way below 'fair' value, must rebound: Spierings
Sunday, 26 October 2014, 4:06 pm | BusinessDesk
Oct. 26 (BusinessDesk) - Current dairy commodity prices are now well below "fair" expectations of price among global dairy producers, says Fonterra's chief executive, Theo Spierings. More >>
World Week Ahead: Fed to rule on end of QE3 on Tuesday
Sunday, 26 October 2014, 12:25 pm | BusinessDesk
Oct. 26 (BusinessDesk) - A US Federal Reserve meeting and a slew of earnings including from Exxon Mobil and Facebook will help set the tone in the coming days after Wall Street posted the largest rally since early 2013 last week. More >>
MARKET CLOSE: NZX 50 rises to record, led by Sky TV on rugby
Friday, 24 October 2014, 5:33 pm | BusinessDesk
MARKET CLOSE: NZX 50 rises to record, led by Sky TV on rugby rights; Spark, Ebos gain More >>
NZ dollar heads for 0.9% weekly drop
Friday, 24 October 2014, 5:13 pm | BusinessDesk
NZ dollar heads for 0.9% weekly drop as inflation pushes out rate hike timeframe More >>
Dorchester closes oversubscribed $30M capital raise
Friday, 24 October 2014, 4:05 pm | BusinessDesk
Oct. 24 (BusinessDesk) - Dorchester Pacific, the finance company midway through a takeover for Turners Group, has closed its $30 million capital raising saying the offer was oversubscribed. More >>
NZX says it doesn't know why shares have declined
Friday, 24 October 2014, 3:59 pm | BusinessDesk
Oct. 24 (BusinessDesk) - NZX, the stock market operator, said it doesn't know why its share price has declined, in response to a query from its disciplinary arm. More >>
Sky TV to launch $20/month subscription ondemand service
Friday, 24 October 2014, 3:50 pm | BusinessDesk
Oct. 24 (BusinessDesk) - Sky Network Television, the country's dominant pay-TV operator, will launch a new $20 a month subscription video ondemand service, Neon, in December, targeting non-Sky customers as it faces intensifying competition for viewers. More >>
Cavalier shares drop 10% after profit warning
Friday, 24 October 2014, 3:48 pm | BusinessDesk
Oct. 24 (BusinessDesk) - Shares of Cavalier Corp dropped 10 percent after the carpet maker warned it will probably miss earnings guidance due to a strong kiwi dollar against its Australian counterpart and a high price of wool. More >>
Sky TV sees annual profit gain of up to 8.6% in 2015
Friday, 24 October 2014, 1:47 pm | BusinessDesk
Sky TV sees annual profit gain of up to 8.6% in 2015, flags new ondemand service More >>
Heartland NZ chief risk officer resigns
Friday, 24 October 2014, 12:43 pm | BusinessDesk
Oct. 24 (BusinessDesk) - Heartland New Zealand, the bank which formed after the merger of Canterbury and Southern Cross building societies and Marac Finance, has lost its chief risk officer Mark Mountcastle. More >>
DNZ revalues portfolio by $10.7 million
Friday, 24 October 2014, 11:59 am | BusinessDesk
Oct. 24 (BusinessDesk) - DNZ Property Fund, the listed property investor, boosted its portfolio value by $10.7 million in the first half and has leased over three quarters of its new Auckland mall. More >>
DNZ revalues portfolio up by $10.7 million
Friday, 24 October 2014, 11:58 am | BusinessDesk
Oct. 24 (BusinessDesk) - DNZ Property Fund, the listed property investor, boosted its portfolio value by $10.7 million in the first half and has leased over three quarters of its new Auckland mall. More >>
Sealegs turns first-half profit
Friday, 24 October 2014, 11:51 am | BusinessDesk
Oct. 24 (BusinessDesk) - Sealegs Corp, which makes amphibious boats, turned a first-half profit after strong local demand underpinned a pick-up in sales, and as it taps new markets in South America. More >>
CORRECT: Jade chases growth of 30-50% for Master Terminal
Friday, 24 October 2014, 11:04 am | BusinessDesk
Oct. 23 (BusinessDesk) - Jade Software, which took its intelligence software developer Wynyard Group public last year, is chasing annual growth of between 30 and 50 percent from its Master Terminal port management software business, which is latching on ... More >>
NZ trade deficit widens in Sept amid lower log, dairy prices
Friday, 24 October 2014, 10:57 am | BusinessDesk
Oct. 24 (BusinessDesk) - New Zealand's monthly trade deficit widened more than expected in September as falling prices for logs and dairy products weighed on exports while imports were boosted by an incoming aircraft. More >>
