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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 922]
Xero shares drop below $18.15 as escrow ends
Monday, 13 October 2014, 1:42 pm | BusinessDesk
Xero shares drop below last year's $18.15 share issue price as escrow ends More >>
New Zealand organic wines gain easier access to Europe
Monday, 13 October 2014, 1:35 pm | BusinessDesk
New Zealand's organic wine exports have been given a boost with the European Commission agreeing to recognise the local industry's production methods as equivalent to its own. More >>
NZ house sales fall for 11th month in September
Monday, 13 October 2014, 1:27 pm | BusinessDesk
Oct. 13 (BusinessDesk) - New Zealand house sales fell for the 11th month in September as fewer properties were put up for sale in the lead-up to the general election and mortgage loan restrictions reduced activity at the lower end of the market. More >>
NZ food prices fall in September
Monday, 13 October 2014, 11:43 am | BusinessDesk
Oct. 13 (BusinessDesk) - New Zealand food prices fell in September, as cheaper cheese and seasonal fruit and vegetables offset rising meat prices. More >>
Sri Lanka lifts temporary ban on some Fonterra products
Monday, 13 October 2014, 10:45 am | BusinessDesk
Oct. 13 (BusinessDesk) - Fonterra Cooperative Group says Sri Lankan health officials have lifted a temporary ban on some of it Anchor milk products, after testing showed the powder was safe. More >>
NZ dollar drops to 8-month low vs yen on risk aversion
Monday, 13 October 2014, 8:47 am | BusinessDesk
Oct. 13 (BusinessDesk) - The New Zealand dollar hit an eight-month low against the yen as investors favoured low risk currencies such as the yen amid concerns about global growth. More >>
James Hardie dragged back into leaky schools saga
Monday, 13 October 2014, 8:30 am | BusinessDesk
Oct. 10 (BusinessDesk) - James Hardie Industries, the global building materials supplier, has been dragged back into the New Zealand government’s class action over leaky school buildings with a cross-claim filed against the company by another defendant. More >>
Angel investors seek out new investment
Monday, 13 October 2014, 8:23 am | BusinessDesk
Oct. 9 (BusinessDesk) - Angel investors are still investing in New Zealand start-ups, pouring $23.1 million into new companies in the first half of the year and showing more appetite for new rather than follow on funds, as measured by the New Zealand ... More >>
World Week Ahead: Can US earnings save the day?
Monday, 13 October 2014, 7:51 am | BusinessDesk
Oct. 13 (BusinessDesk) - Investors will eye quarterly earnings from JPMorgan Chase, Citigroup, Intel and eBay in the coming days to gauge whether there’s a reason for optimism about the outlook after Wall Street declined for a third straight week ... More >>
Novartis adds nine new treatments under Pharmac deal
Friday, 10 October 2014, 6:06 pm | BusinessDesk
Oct. 10 (BusinessDesk) - Novartis New Zealand, the local unit of the global pharmaceuticals firm, has added nine new treatments in a far-ranging agreement with government drug buying agency, Pharmac. More >>
Landcorp cuts 2015 earnings forecast on lower dairy prices
Friday, 10 October 2014, 6:00 pm | BusinessDesk
Oct. 10 (BusinessDesk) - Landcorp Farming, New Zealand's largest corporate farmer, cut its forecast for 2015 earnings for a second time, citing weaker milk prices. More >>
MARKET CLOSE: NZ shares fall in global slump
Friday, 10 October 2014, 5:33 pm | BusinessDesk
Oct. 10 (BusinessDesk) - New Zealand shares fell in a region-wide sell off as investors fretted over global economic growth. Tech-based stocks like Xero and Pacific Edge led the decline as the market took a more cautious tone. More >>
NZ dollar heads for 1.3% weekly gain vs. greenback
Friday, 10 October 2014, 5:07 pm | BusinessDesk
Oct. 10 (BusinessDesk) - The New Zealand dollar is heading for a 1.3 percent weekly gain against the greenback after the Federal Reserve warned a stronger US currency poses a risk to its economic recovery. More >>
IRD taps Accenture as preferred provider for IT re-design
Friday, 10 October 2014, 4:46 pm | BusinessDesk
Oct. 10 (BusinessDesk) - The New Zealand Inland Revenue Department has named consultancy group Accenture as its preferred partner for the first stage of a complete overhaul of operations. More >>
Shariah-compliant KiwiSaver scheme makes good returns
Friday, 10 October 2014, 4:17 pm | BusinessDesk
Oct. 10 (BusinessDesk) - The fledgling Amanah KiwiSaver which is based on Islamic Shari’ah investment principles has made a 13.3 percent return for the three months ending Sept. 30. More >>
Fresh Appeal eyes the skies for fruity snacks
Friday, 10 October 2014, 4:06 pm | BusinessDesk
Oct. 10 (BusinessDesk) - Fresh Appeal, a privately owned company which is commercialising technology to preserve cut fruit, is expanding into airline catering in the expectation it will provide a substantial new source of revenue. More >>
NZ log export log prices lift on Chinese buying, lower kiwi
Friday, 10 October 2014, 3:52 pm | BusinessDesk
Oct. 10 (BusinessDesk) - New Zealand export log prices have lifted from a two-year low as Chinese importers resume buying and local returns are bolstered by a decline in the New Zealand dollar and cheaper shipping costs. More >>
Shares of Xero drop below $20 on US concern
Friday, 10 October 2014, 1:54 pm | BusinessDesk
Oct. 10 (BusinessDesk) - Shares of Xero traded below $20 for the first time in a year, as investors grew cautious over the pace of the cloud-based accounting software firm's expansion in the US market. More >>
Weak Australian sales weigh on Michael Hill Q1 sales
Friday, 10 October 2014, 12:49 pm | BusinessDesk
Oct. 10 (BusinessDesk) - Michael Hill International, the jewellery chain that bears the name of its founder, posted flat first quarter sales, as Australian sales declined in the less buoyant economic environment across the Tasman. More >>
Chair John Anderson sees growth in NZME.'s digital offerings
Friday, 10 October 2014, 11:44 am | BusinessDesk
Oct. 10 (BusinessDesk) - Veteran company director John Anderson sees future growth in the digital offerings of NZME., the New Zealand media operations of Australia's APN News & Media, after being appointed chairman ahead of the company's planned ... More >>
