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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 924]
IkeGPS shares jump on expanded defence deal
Thursday, 9 October 2014, 10:56 am | BusinessDesk
Oct. 9 (BusinessDesk) - IkeGPS Group, the makers of remote measuring devices, says revenue will exceed its June prospectus forecasts after it expanded a deal with US defence technology investor In-Q-Tel, in a statement that left unclear the expected ... More >>
Xero appoints heavy-hitter, Andy Lark, to push US sales
Thursday, 9 October 2014, 9:20 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 >>
Pyne Gould shares suspended over late annual report
Thursday, 9 October 2014, 8:53 am | BusinessDesk
Oct. 9 (BusinessDesk) - Trading in Pyne Gould Corp shares has been suspended after the financial services firm failed to file its annual report by the required deadline. More >>
NZ dollar jumps over Fed's concerns on strong greenback
Thursday, 9 October 2014, 8:49 am | BusinessDesk
NZ dollar jumps a cent after Fed says it is concerned about strong US dollar More >>
While you were sleeping: Stocks rally on Fed
Thursday, 9 October 2014, 7:41 am | BusinessDesk
Oct. 9 (BusinessDesk) - Wall Street gains broadened after minutes from the latest US Federal Reserve meeting showed policy makers’ concern sluggish economies overseas and an appreciation of the greenback will weigh on US growth, suggesting the central ... More >>
NZ dollar treads water as markets mull greenback strength
Wednesday, 8 October 2014, 5:10 pm | BusinessDesk
Oct. 8 (BusinessDesk) - The New Zealand dollar is in a period of consolidation as markets muse over the rapid gains in the greenback over the past three months. More >>
Outgoing Kathmandu CEO Peter Halkett sells $4.4M of shares
Wednesday, 8 October 2014, 4:20 pm | BusinessDesk
Oct. 8 (BusinessDesk) - Kathmandu Holdings outgoing chief executive Peter Halkett sold 1.51 million of shares on market yesterday, reaping $4.4 million from the sale. More >>
Pea growing yields boosted by industry breeding partnership
Wednesday, 8 October 2014, 4:09 pm | BusinessDesk
Oct. 8 (BusinessDesk) - We all know the saying ‘as alike as two peas in a pod’ but it would appear the pods themselves can be markedly different. More >>
Tru-Test major shareholder ups stake in $10M share buyback
Wednesday, 8 October 2014, 4:04 pm | BusinessDesk
Oct. 8 (BusinessDesk) - Agri-tech company Tru-Test Corporation has completed a $10 million share-buyback while the stake of major shareholder KTT has been boosted from 21.7 percent to 39.6 percent. KTT is a limited partnership owned by Australian private ... More >>
APN on track to announce IPO of NZME in coming weeks
Wednesday, 8 October 2014, 2:03 pm | BusinessDesk
Oct. 8 (BusinessDesk) - APN News & Media is still considering floating its New Zealand media unit, rebranded as NZME, with a board appointment announcement this afternoon expected to show the Australian parent isn't considering a trade sale. More >>
UPDATE: HeliPro calls in receiver after tough winter
Wednesday, 8 October 2014, 10:21 am | BusinessDesk
Oct. 8 (BusinessDesk) - Rick Lucas Helicopters, which owns the red helicopter tourism company HeliPro, has been tipped into receivership by its director after a tough winter led to unmanageable debt levels. More >>
SeaDragon 1H sales rise 17% as new supply boosts production
Wednesday, 8 October 2014, 10:11 am | BusinessDesk
Oct. 8 (BusinessDesk) - SeaDragon, which manufactures fish oil for health supplements, boosted first-half sales 17 percent after securing supply of raw material to help bolster production, and has building consents for its new refining plant worth $7.5 ... More >>
Ngai Tahu annual profit swelled by share sale, insurance
Wednesday, 8 October 2014, 9:49 am | BusinessDesk
Oct. 8 (BusinessDesk) - Ngai Tahu Holdings, the commercial arm of the dominant South Island iwi, boosted annual profit 20 percent, with earnings swelled by $33.3 million of earthquake insurance proceeds and a $14.8 million gain on asset sales, which included ... More >>
HeliPro director calls in receivers
Wednesday, 8 October 2014, 9:31 am | BusinessDesk
Oct. 8 (BusinessDesk) - Rick Lucas Helicopters, which owns the red helicopter tourism company HeliPro, has been tipped into receivership by its director. More >>
NZ dollar gains as markets dig in for more Fed news
Wednesday, 8 October 2014, 8:39 am | BusinessDesk
Oct. 8 (BusinessDesk) - The New Zealand dollar gained as markets dial back their support for the US dollar as they await more information from the US Federal Reserve on its plans to shift away from running a zero interest rate policy. More >>
While you were sleeping: IMF cuts growth outlook
Wednesday, 8 October 2014, 7:35 am | BusinessDesk
Oct. 8 (BusinessDesk) - Equities on both sides of the Atlantic dropped, along with oil, after a report showed Germany’s industrial output slumped more than expected in August, while the International Monetary Fund downgraded its forecasts for the ... More >>
Bridges outlines questions to be answered on Auckland outage
Tuesday, 7 October 2014, 5:50 pm | BusinessDesk
Oct. 7 (BusinessDesk) - Energy and Resources Minister Simon Bridges has formally requested the Electricity Authority conduct an inquiry into the Auckland power outage. More >>
MARKET CLOSE: NZ shares slip as earnings growth questioned
Tuesday, 7 October 2014, 5:37 pm | BusinessDesk
Oct. 7 (BusinessDesk) - New Zealand stocks fell, paced by Kathamndu Holdings and Warehouse Group, as investors mulled the prospect of future earnings growth for domestic companies. More >>
NZ dollar little changed vs. A$ after RBA keeps rates steady
Tuesday, 7 October 2014, 5:26 pm | BusinessDesk
Oct. 7 (BusinessDesk) - The New Zealand dollar was little changed against its trans-Tasman counterpart after the Reserve Bank of Australia kept interest rates on hold, while saying weak wage growth is expected to keep inflation in check, even as the Australian ... More >>
RBA holds cash rate unchanged at 2.5%
Tuesday, 7 October 2014, 5:05 pm | BusinessDesk
Oct. 7 (BusinessDesk) - The Reserve Bank of Australia has left the cash rate unchanged at 2.5 percent, as widely expected, though warned about the challenges of a weakening property market in the near term. More >>
