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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 918]
Companies still plan to list, despite volatility: AMP Capita
Monday, 20 October 2014, 6:20 pm | BusinessDesk
Oct. 20 (BusinessDesk) - AMP Capital New Zealand, which manages more than $18 billion of assets, expects more companies to list on the local stockmarket before the year's end, undeterred by the resurgence of global volatility as uneven economic growth ... More >>
Kirkcaldie posts $6.5 mln annual loss on write-downs
Monday, 20 October 2014, 5:44 pm | BusinessDesk
Oct. 20 (BusinessDesk) - Kirkcaldie & Stains, the upmarket Wellington department store, sank back into the red after a series of write-downs, including the loss on the sale of its Harbour City Centre building, wiped out an operating profit in the ... More >>
MARKET CLOSE: NZ shares rebound as yield hunt returns
Monday, 20 October 2014, 5:38 pm | BusinessDesk
Oct. 20 (BusinessDesk) - New Zealand shares rebounded from last week's drop, led by SkyCity Entertainment Group and Meridian Energy, as investors hunted reliable income in a volatile market. Xero extended its decline, dropping to a 16 month low. More >>
NZ dollar gains as rally in stocks show sell-off overdone
Monday, 20 October 2014, 5:23 pm | BusinessDesk
Oct. 20 (BusinessDesk) - The New Zealand dollar gained with equity markets across Asia on speculation investors who sent shares lower last week were too gloomy about the prospects for global growth. More >>
Fonterra nominates Shadbolt for shareholders' fund manager
Monday, 20 October 2014, 4:37 pm | BusinessDesk
Oct. 20 (BusinessDesk) - Fonterra Cooperative Group, the world's biggest dairy exporter, will appoint Nicola Shadbolt to sit on the board of the Fonterra Shareholders' Fund manager to replace the retiring Jim van der Poel at next month's annual meeting. More >>
BurgerFuel flags US entry, five more Australian outlets
Monday, 20 October 2014, 3:50 pm | BusinessDesk
Oct. 20 (BusinessDesk) - BurgerFuel Worldwide, the NZAX-listed fast food chain franchisor, is opening five new Australian stores and expects to announce the timing of its US expansion soon. More >>
Joyce to focus on R&D spending, skilled workers, exports
Monday, 20 October 2014, 2:53 pm | BusinessDesk
Oct. 20 (BusinessDesk) - Economic Development Minister Steven Joyce says his top priorities for the next three years are to lift private sector spending on research and development, alleviate a shortage of engineers and ICT workers, and keep New ... More >>
Dotcom loses bid to keep assets from Hollywood studios
Monday, 20 October 2014, 2:09 pm | BusinessDesk
Oct. 20 (BusinessDesk) - Internet entrepreneur Kim Dotcom has lost his bid to keep the value and nature of his unfrozen assets hidden from Hollywood studios that are suing him over alleged copyright breaches. More >>
NZ consumer confidence slips to 12-month low in October
Monday, 20 October 2014, 1:21 pm | BusinessDesk
Oct. 20 (BusinessDesk) - New Zealand consumer confidence fell to a 12-month low in October as households felt less cheery about the future, with economic growth coming off the boil. More >>
UPDATE: NZ Dollar Outlook: Kiwi may decline on weak CPI
Monday, 20 October 2014, 1:19 pm | BusinessDesk
UPDATE: NZ Dollar Outlook: Kiwi may decline as weak inflation damps forecasts for rate hikes More >>
UPDATED: Aquila Capital, MyFarm JV sees 6%-plus returns
Monday, 20 October 2014, 12:36 pm | BusinessDesk
Oct. 20 (BusinessDesk) - Germany's Aquila Capital and New Zealand farm investment company MyFarm are seeking up to $100 million from mainly offshore wholesale investors for a trust that will provide secondary mortgages to farmers behind loans from ANZ ... More >>
NZ Dollar Outlook: Kiwi may decline on weak inflation
Monday, 20 October 2014, 11:44 am | BusinessDesk
Oct. 20 (BusinessDesk) - The New Zealand dollar may decline this week on the expectation weak inflation data will prompt a pull back in forecasts for future interest rate hikes, reducing demand for the local currency. More >>
Quattro RE puts NZ property portfolio float on hold
Monday, 20 October 2014, 11:11 am | BusinessDesk
Oct. 20 (BusinessDesk) - Quattro RE, an Australian asset management company, has paused its plans to list a New Zealand portfolio of six properties valued at A$431 million on the ASX blaming global stock market volatility. More >>
NZ services sector still buoyant in September
Monday, 20 October 2014, 11:07 am | BusinessDesk
Oct. 20 (BusinessDesk) - New Zealand service sector activity expanded at a slightly quicker pace in September than a month earlier, and alongside its sister manufacturing survey continues to point to above-average economic growth. More >>
Downer buys Tenix utilities business for A$300 mln
Monday, 20 October 2014, 10:46 am | BusinessDesk
Oct. 20 (BusinessDesk) - Downer EDI, the infrastructure, mining and rail building firm, has bought trans-Tasman utilities business Tenix Holdings Australia for A$300 million, which it expects will boost earnings from the first year of ownership. More >>
Aquila Capital, MyFarm JV seeks $100M to fund farmers
Monday, 20 October 2014, 9:58 am | BusinessDesk
Oct. 20 (BusinessDesk) - Germany's Aquila Capital and New Zealand farm investment company MyFarm are seeking up to $100 million from wholesale investors for a trust that will provide secondary mortgages to farmers. More >>
Steel & Tube to defend $1.75 mln lease contract claim
Monday, 20 October 2014, 9:20 am | BusinessDesk
Oct. 20 (BusinessDesk) - Steel & Tube Holdings, the steel products manufacturer, says it is defending a $1.75 million claim in the High Court today over a disputed lease contract. More >>
Summerset says 1st homes in New Plymouth village ready soon
Monday, 20 October 2014, 9:06 am | BusinessDesk
Oct. 20 (BusinessDesk) - Summerset Group Holdings, New Zealand's third-largest listed retirement village operator, said the first 14 homes in its $55 million New Plymouth retirement village will be completed next month, with residents expected to move ... More >>
NZ dollar rises against yen as global sentiment improves
Monday, 20 October 2014, 8:39 am | BusinessDesk
Oct. 20 (BusinessDesk) - The New Zealand dollar gained against the Japanese yen as improved US economic data bolstered sentiment on global growth, prompting investors to reduce holdings of safe haven currencies such as the yen. More >>
World Week Ahead: Bulls bounce back
Monday, 20 October 2014, 7:03 am | BusinessDesk
Oct. 20 (BusinessDesk) - A slew of US corporate earnings and Chinese economic data will form the key focus in the coming days as Friday’s rebound could not prevent Wall Street from sliding for a fourth consecutive week amid concern about global ... More >>
