Scoop has an Ethical Paywall
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 923]
NZ guest nights flat in August as foreign stays taper off
Friday, 10 October 2014, 11:14 am | BusinessDesk
Oct. 10 (BusinessDesk) - New Zealand guest nights were largely flat in August from a month earlier as a gain from domestic travellers was offset by a drop in foreign stays. More >>
Tower CFO Michael Boggs to step down in 2015
Friday, 10 October 2014, 10:37 am | BusinessDesk
Oct. 10 (BusinessDesk) - Tower, which sold its health, life and investment units to focus on general insurance, said chief financial officer Michael Boggs will leave in the first quarter of 2015. More >>
Green Cross expands with Peak Primary acquisition
Friday, 10 October 2014, 10:36 am | BusinessDesk
Oct. 10 (BusinessDesk) - Green Cross Health, formerly Pharmacybrands, has bought medical centre operator Peak Primary, which was in breach of its banking covenants in 2013, for an undisclosed sum as it continues its expansion across the primary ... More >>
NZ dollar declines amid global growth worries
Friday, 10 October 2014, 8:46 am | BusinessDesk
Oct. 10 (BusinessDesk) - The New Zealand dollar declined as investors regained confidence in the outlook for the US economy amid uncertainty about growth in other regions. More >>
While you were sleeping: Wall Street, oil slide
Friday, 10 October 2014, 7:45 am | BusinessDesk
Oct. 10 (BusinessDesk) - Wall Street tumbled, as did oil, after a report showing a drop in Germany’s exports added to concern the euro-zone’s engine economy is headed for a recession. More >>
Scott Technology FY profit falls on strong kiwi, competition
Thursday, 9 October 2014, 6:05 pm | BusinessDesk
Oct. 9 (BusinessDesk) - Scott Technology, the industrial automation firm, reported a 41 percent drop in annual earnings as a strong kiwi dollar and stiff competition eroded margins across all of its sectors. More >>
MARKET CLOSE: NZ shares rise as investors chase yield
Thursday, 9 October 2014, 5:52 pm | BusinessDesk
Oct. 9 (BusinessDesk) - New Zealand stocks rose as investors were lured to high yielding stocks, such as Genesis Energy and Meridian Energy, as interest rates look to set to stay low in the US. Xero fell after an update on its US expansion plans disappointed ... More >>
CORRECT: Just Water founder Falkenstein makes takeover bid
Thursday, 9 October 2014, 5:21 pm | BusinessDesk
Oct. 9 (BusinessDesk) - Just Water's founder and majority shareholder Tony Falkenstein has made a full takeover bid for the water cooler and supplies group, trumping an indicative offer from an international buyer. More >>
NZ dollar gains after Fed's greenback concerns
Thursday, 9 October 2014, 5:15 pm | BusinessDesk
Oct. 9 (BusinessDesk) - The New Zealand dollar gained after minutes from the Federal Reserve's September policy meeting surprised traders, showing the world's biggest central bank was concerned with the strength of the greenback. More >>
Kenyan farmers benefit from aid programme and Kiwi know-how
Thursday, 9 October 2014, 4:42 pm | BusinessDesk
Oct. 9 (BusinessDesk) - Twelve hundred smallholder avocado farmers in the central highlands of Kenya are benefiting from a five-year aid project involving Plant & Food Research and edible oils company Olivado. More >>
Hobbit tax rebate climbs to $153 mln in year 4 of production
Thursday, 9 October 2014, 4:33 pm | BusinessDesk
Oct. 9 (BusinessDesk) - New Zealand taxpayers have stumped up $153 million via tax rebates for the making of Peter Jackson's Hobbit trilogy after four years of production, according to the firm's latest financial statements. More >>
Supreme Court ends Greymouth Petroleum stoush
Thursday, 9 October 2014, 3:55 pm | BusinessDesk
Oct. 9 (BusinessDesk) - The Supreme Court has effectively ended a bid by interests associated with estranged Greymouth Petroleum minority shareholder John Sturgess to overturn a High Court order requiring the Sturgess interests to sell their 13.85 ... More >>
Sir John Anderson to chair a listed NZME.
Thursday, 9 October 2014, 3:54 pm | BusinessDesk
Oct. 9 (BusinessDesk) - Sir John Anderson, former head of ANZ National Bank and National Bank of NZ, has been appointed to head the board of NZME., as its Australian publisher owner, APN News & Media, carves out its New Zealand operations for sale. More >>
NZ beef exports to Indonesia double as quotas come off
Thursday, 9 October 2014, 2:41 pm | BusinessDesk
Oct. 9 (BusinessDesk) - New Zealand beef exports to Indonesia more than doubled over the past year as the trade recovers from beef import quota restrictions imposed in 2011. More >>
Just Water founder Falkenstein makes takeover bid
Thursday, 9 October 2014, 2:41 pm | BusinessDesk
Oct. 9 (BusinessDesk) - Just Water's founder and majority shareholder Tony Falkenstein has made a full takeover bid for the water cooler and supplies group, trumping an indicative offer from an international buyer. More >>
CORRECT: Dotcom takes another stab at staying mum on assets
Thursday, 9 October 2014, 2:38 pm | BusinessDesk
Oct. 9 (BusinessDesk) - Internet entrepreneur and failed political party-starter Kim Dotcom has taken another stab at keeping the value and nature of his unfrozen assets from Hollywood studios that are suing over copyright breaches in a Court of ... More >>
UPDATED: IkeGPS shares jump on expanded defence deal
Thursday, 9 October 2014, 2:24 pm | BusinessDesk
Oct. 9 (BusinessDesk) - IkeGPS Group, the makers of remote measuring devices, says it will beat its prospectus forecast and earn some contract revenue this year after it expanded a deal with US defence technology investor In-Q-Tel. The shares jumped. More >>
Dotcom takes another stab at staying mum on assets
Thursday, 9 October 2014, 2:03 pm | BusinessDesk
Oct. 9 (BusinessDesk) - Internet entrepreneur and failed political party-starter Kim Dotcom has taken another stab at keeping the value and nature of his unfrozen assets from Hollywood studios that are suing over copyright breaches in a Court of ... More >>
CORRECT: Xero appoints heavy-hitter, Andy Lark, for US push
Thursday, 9 October 2014, 11:57 am | BusinessDesk
Oct. 9 (BusinessDesk) - Cloud accounting software firm Xero has snared Andy Lark, an expatriate New Zealander with a heavy-hitting global career, to be its new chief marketing officer as it moves to strengthen its push into the vital US market and ... More >>
NZ spending on credit, debit cards falls in September
Thursday, 9 October 2014, 11:39 am | BusinessDesk
Oct. 9 (BusinessDesk) - New Zealanders decreased spending on their credit and debit cards in September, as a drop in consumable and apparel spending offset gains in hospitality and durables. More >>
