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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 917]
NZ dollar falls on speculation ECB will inject more stimulus
Wednesday, 22 October 2014, 8:48 am | BusinessDesk
Oct. 22 (BusinessDesk) - The New Zealand dollar fell after reports that the European Central Bank may consider taking more steps to stimulate the euro-zone economy, stoking demand for the greenback. More >>
While you were sleeping: US housing recovers
Wednesday, 22 October 2014, 7:45 am | BusinessDesk
Oct. 22 (BusinessDesk) - Wall Street advanced, up more than 1 percent, amid better-than-expected data on existing US home sales, and solid corporate earnings including from Apple. More >>
MARKET CLOSE: NZ shares extend gains; CEN, TPW rise
Tuesday, 21 October 2014, 5:45 pm | BusinessDesk
Oct. 21 (BusinessDesk) - New Zealand shares gained for a third day, paced by Contact Energy and TrustPower, as investors spooked by recent volatility sought high-yield stocks. Fisher & Paykel Healthcare Corp rose to a record close. More >>
NZ dollar holds gains as Chinese data beats estimates
Tuesday, 21 October 2014, 5:09 pm | BusinessDesk
Oct. 21 (BusinessDesk) - The New Zealand dollar held its gains against the greenback after figures showed the Chinese economy grew faster than expected in the third quarter, although still the slowest pace since early 2009 and leaving open the door for Beijing ... More >>
Power companies face ban on 'saving' departing customers
Tuesday, 21 October 2014, 4:08 pm | BusinessDesk
Oct. 21 (BusinessDesk) - Power companies face a ban on so-called "save" calls, where they ring a customer departing for a rival and try to entice them back with a better offer, to the dismay of large electricity retailers. More >>
Cavalier and NZ Wool Services to merge wool scouring units
Tuesday, 21 October 2014, 4:04 pm | BusinessDesk
Oct. 21 (BusinessDesk) - Cavalier Wool Holdings and New Zealand Wool Services International will merge their two wool scouring operations, handing Melbourne-based Lempriere the biggest stake in the new business. More >>
Hellaby expects to complete at least one acquisition in 2015
Tuesday, 21 October 2014, 3:12 pm | BusinessDesk
Oct. 21 (BusinessDesk) - Hellaby Holdings, the diversified investment company, expects to proceed with at least one acquisition this financial year as it looks to further broaden its portfolio. More >>
Airwork sees annual profit growth of 48%
Tuesday, 21 October 2014, 2:50 pm | BusinessDesk
Oct. 21 (BusinessDesk) - Airwork Holdings, the aviation service firm which listed on the stock exchange last December, expects to lift annual profit 48 percent in the current year, with first-half earnings tipped to beat its offer document forecast ... More >>
Fletcher Building ups earnings through trebling house builds
Tuesday, 21 October 2014, 2:13 pm | BusinessDesk
Oct. 21 (BusinessDesk) - Fletcher Building, New Zealand's biggest company, is forecasting an upturn in earnings as it moves to triple the pace of home building in New Zealand and pilots a social housing project with government in Christchurch. More >>
Fletcher to triple pace of home building in NZ
Tuesday, 21 October 2014, 1:10 pm | BusinessDesk
Fletcher aims to triple pace of home building in NZ as demand grows, Adamson says More >>
NZ, South Korea free-trade agreement looks imminent
Tuesday, 21 October 2014, 12:10 pm | BusinessDesk
Oct. 21 (BusinessDesk) - A long-awaited free trade agreement between New Zealand and South Korea appears close to being inked following talks in Seoul last week. More >>
Fletcher Building sees FY earnings $650M-$690M on 2H rebound
Tuesday, 21 October 2014, 11:31 am | BusinessDesk
Oct. 21 (BusinessDesk) - Fletcher Building, the biggest company on the NZX 50 Index, is forecasting a gain in full-year operating earnings of as much as 11 percent, driven by anticipated recovery in the second half. More >>
ASX-listed Empired buys Intergen for A$17.4 mln
Tuesday, 21 October 2014, 11:30 am | BusinessDesk
Oct. 21 (BusinessDesk) - ASX-listed IT firm Empired has bought local IT firm Intergen for A$17.4 million in cash and shares to build the biggest trans-Tasman Microsoft services provider. More >>
NZ net migration rises to annual record in September
Tuesday, 21 October 2014, 10:57 am | BusinessDesk
NZ net migration rises to annual record in September on increased numbers from India, Australia More >>
Horizon's Aquaheat to buy Hawkins Refrigeration
Tuesday, 21 October 2014, 10:47 am | BusinessDesk
Oct. 21 (BusinessDesk) - Aquaheat New Zealand, a unit of Horizon Energy Distribution, is to buy Christchurch-based Hawkins Refrigeration to expand its national reach, retaining existing owners and managers to run the business. More >>
PGG Wrightson looks to beat operating earnings in 2015
Tuesday, 21 October 2014, 10:38 am | BusinessDesk
Oct. 21 (BusinessDesk) - PGG Wrightson, the rural services firm controlled by China's Agria Corp, expects to shrug off falling dairy prices and beat its strongest earnings result in several years in 2015 after a strong first quarter. More >>
UPDATE: Orion Health confirms $120 mln to $150 mln IPO
Tuesday, 21 October 2014, 10:14 am | BusinessDesk
Oct. 21 (BusinessDesk) - Orion Health Group, a global provider of healthcare software solutions, has confirmed it will raise between $120 million to $150 million in an initial public offer. More >>
Orion Health confirms $120 million to $150 million IPO
Tuesday, 21 October 2014, 9:33 am | BusinessDesk
Oct. 21 (BusinessDesk) - Orion Health Group, a global provider of healthcare software solutions, has confirmed its long-heralded initial public offer in New Zealand and Australia. More >>
NZ dollar gains on greenback weakness after IBM disappoints
Tuesday, 21 October 2014, 8:52 am | BusinessDesk
Oct. 21 (BusinessDesk) - The New Zealand dollar gained as the greenback declined on concern a nascent economic recovery in the US may be derailed should the Federal Reserve tighten policy too aggressively, after IBM earnings disappointed investors. More >>
While you were sleeping: IBM shares sink
Tuesday, 21 October 2014, 7:41 am | BusinessDesk
Oct. 21 (BusinessDesk) - Wall Street rose amid solid corporate earnings, even as IBM proved the exception. More >>
