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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 915]
Sky TV signs conditional deal to renew rugby rights
Friday, 24 October 2014, 10:10 am | BusinessDesk
Oct. 24 (BusinessDesk) - Sky Network Television, New Zealand's dominant pay-TV company, has signed a conditional contract to renew its five-year deal with the New Zealand Rugby Union and the SANZAR unions for an undisclosed amount. The shares rose to a ... More >>
Jade Software chases growth of 30-50% for Master Terminal
Friday, 24 October 2014, 10:07 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 dollar drops to week-low as lower inflation seen weighing
Friday, 24 October 2014, 8:45 am | BusinessDesk
Oct. 24 (BusinessDesk) - The New Zealand dollar declined to a week-low after data yesterday showed inflation accelerated at a slower than expected pace in the third quarter, suggesting interest rates may stay at current levels for longer. More >>
While you were sleeping: 3M, Caterpillar lift mood
Friday, 24 October 2014, 7:46 am | BusinessDesk
Oct. 24 (BusinessDesk) - Wall Street climbed, lifted by better-than-expected earnings from 3M and Caterpillar, and renewed optimism that the US economy might sustain its pace of recovery. More >>
Auckland Airport's duty free told to drop the hard sell
Thursday, 23 October 2014, 5:49 pm | BusinessDesk
Oct. 23 (BusinessDesk) - Auckland International Airport, the country’s main gateway, said it had talked to its two duty free retailers following what it called “over-zealous competition” at the airport. More >>
MARKET CLOSE: NZX 50 climbs to new record, led by RBD
Thursday, 23 October 2014, 5:35 pm | BusinessDesk
Oct. 23 (BusinessDesk) - New Zealand shares rose to a new record close, led by Restaurant Brands New Zealand after the country's biggest fast-food operator boosted its annual earnings guidance. Spark New Zealand pace gains as investors sought defensive stocks ... More >>
RESEND: NZ dollar falls as benign inflation weighs on kiwi
Thursday, 23 October 2014, 5:19 pm | BusinessDesk
Oct. 23 (BusinessDesk) - The New Zealand dollar fell after figures showed inflation in the third quarter was slower than the Reserve Bank had forecast, giving it less reason to resume raising interest rates after pausing its tightening cycle in July. More >>
Fonterra starts consultation on two new SI milk driers
Thursday, 23 October 2014, 5:18 pm | BusinessDesk
Oct. 23 (BusinessDesk) - Fonterra Co-operative Group, the world's biggest dairy exporter, has begun a consultation process prior to lodging consent applications to build two new high-efficiency milk powder driers at its Studholme site in South Canterbury. More >>
NZ dollar falls as benign inflation data weighs on kiwi
Thursday, 23 October 2014, 5:05 pm | BusinessDesk
Oct. 23 (BusinessDesk) - The New Zealand dollar fell after figures showed inflation in the third quarter was slower than the Reserve Bank had forecast, giving it less reason to resume raising interest rates after pausing its tightening cycle in July. More >>
CarbonScape seeks $1.5M from crowd with 'green coke' offer
Thursday, 23 October 2014, 4:12 pm | BusinessDesk
Oct. 23 (BusinessDesk) - CarbonScape, which makes "green" coking charcoal, wants to raise as much as $1.5 million from equity crowd funding to commercialise its product for the steel manufacturing market. More >>
Port of Tauranga sees annual earnings growth up to 6.1%
Thursday, 23 October 2014, 3:56 pm | BusinessDesk
Oct. 23 (BusinessDesk) - Port of Tauranga, the country's biggest coastal export hub, sees annual earnings growth of up to 6.1 percent and expects to finish plans to enable big ships to dock at its wharves over the coming year. More >>
BNZ CEO Healy calls on business leaders to help improve NZ
Thursday, 23 October 2014, 3:20 pm | BusinessDesk
BNZ chief executive Healy calls on business leaders to help fix five key NZ challenges More >>
Auckland Airport confirms earnings guidance of $160-$170 mln
Thursday, 23 October 2014, 3:08 pm | BusinessDesk
Oct. 23 (BusinessDesk) - Auckland International Airport, the country’s main gateway, has confirmed it’s likely to deliver an underlying net profit of between $160 million and $170 million this financial year, in line with the guidance it gave in August. More >>
Elders Primary Wool, Primary Wool buy Christchurch Yarns NZ
Thursday, 23 October 2014, 3:03 pm | BusinessDesk
Oct. 23 (BusinessDesk) - NZ Yarn, a joint venture between Elders Primary Wool and Primary Wool Cooperative, have bought Christchurch Yarns NZ out of receivership for an undisclosed amount. More >>
RBNZ risk management to protect system, not individual firms
Thursday, 23 October 2014, 2:44 pm | BusinessDesk
Oct. 23 (BusinessDesk) - The Reserve Bank's risk management processes aim to protect the integrity of the entire financial system rather than individual entities, which should be allowed to fail to avoid moral hazard and inefficiency, the regulator says. More >>
Pyne Gould sells Epic stake after failing to gain control
Thursday, 23 October 2014, 12:34 pm | BusinessDesk
Oct. 23 (BusinessDesk) - Pyne Gould Corp, the asset management firm controlled by managing director George Kerr, has sold its 27 percent stake in Equity Partners Infrastructure Co No 1 after failing to take control of the investment company and oust its board. More >>
NZ dollar drops after tepid inflation opens path lower
Thursday, 23 October 2014, 12:28 pm | BusinessDesk
Oct. 23 (BusinessDesk) - The New Zealand dollar fell about half a US cent after tepid local inflation pushed out the likely timeline for future interest rate hikes and cleared the way for a lower currency. More >>
Fletcher wins govt contract to build 237 homes in Chch
Thursday, 23 October 2014, 12:03 pm | BusinessDesk
Oct. 23 (BusinessDesk) - Fletcher Building has won a contract to build 237 homes on an 11.5-hectare Crown-owned site in Christchurch, including 89 which will be priced below $400,000, Housing Minister Nick Smith said. More >>
Restaurant Brands raises annual profit forecast; shares jump
Thursday, 23 October 2014, 11:07 am | BusinessDesk
Oct. 23 (BusinessDesk) - Restaurant Brands New Zealand, the nation's largest fast food operator, raised its annual profit forecast as it benefits from lower input costs, higher sales and restructuring of stores. The shares rose to a record. More >>
NZ 3Q inflation misses expecations; kiwi drops
Thursday, 23 October 2014, 10:56 am | BusinessDesk
Oct. 23 (BusinessDesk) - New Zealand inflation was steady in the third quarter of the year, slowing the annual pace of price increases, and raising the prospect of interest rates staying lower for longer after the data fell short of expectations. ... More >>
