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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 925]
English wary on tax take, could threaten surplus
Tuesday, 7 October 2014, 3:07 pm | BusinessDesk
Oct. 7 (BusinessDesk) - Finance Minister Bill English is warning the tax take may come in below forecast in the current financial year, as figures released today confirm it was short by nearly $1 billion in the year to June 30 and English warned of the ... More >>
Phosphate miner CRP adds $512k to kitty in capital-raising
Tuesday, 7 October 2014, 1:01 pm | BusinessDesk
Oct. 7 (BusinessDesk) - Would-be seabed phosphate miner, Chatham Rock Phosphate, will put just over half a million dollars in the kitty after its latest round of capital-raising, which attracted support from smaller shareholders after its larger ... More >>
Broadlands Finance to repay overcharged customers $3.3M
Tuesday, 7 October 2014, 12:09 pm | BusinessDesk
Oct. 7 (BusinessDesk) - Broadlands Finance, the auto-financier company owned by Tony Radisich, will repay customers $3.3 million in overcharged fees and interest as part of a settlement with the Commerce Commission. More >>
Pushpay signs deal with NZ Post for text messaging service
Tuesday, 7 October 2014, 11:54 am | BusinessDesk
Oct. 7 (BusinessDesk) - Pushpay Holdings, the mobile payment app developer, has signed a deal with New Zealand Post Group to manage its SMS communications with clients through Pushpay subsidiary, Run The Red. More >>
Business sentiment fades as reality fails to match hopes
Tuesday, 7 October 2014, 10:18 am | BusinessDesk
Oct. 7 (BusinessDesk) - New Zealand business confidence continued to slide in the September quarter, as the positive outlook seen earlier in the year wasn't backed up by similarly strong actual economic activity, according to the latest Quarterly ... More >>
Rangatira lifts Magritek stake to build international sales
Tuesday, 7 October 2014, 10:03 am | BusinessDesk
Oct. 7 (BusinessDesk) - Rangatira, the Wellington-based investment group, has lifted its stake in Magritek after the magnetic resonance imaging firm met sales targets. The new funds will help boost the firm's global sales. More >>
Chorus talks up network value as UFB connections grow
Tuesday, 7 October 2014, 9:37 am | BusinessDesk
Oct. 7 (BusinessDesk) - Chorus, the telecommunications network operator, is seeing growth in its high-speed fixed line connections as it continues to roll out the bulk of the government-sponsored ultrafast broadband fibre network, and is talking up ... More >>
NZ dollar gains as greenback exuberance wanes, QSBO looms
Tuesday, 7 October 2014, 8:34 am | BusinessDesk
Oct. 7 (BusinessDesk) - The New Zealand dollar bounced as exuberance for a strengthening US dollar waned after its rapid gain over the past three months, and ahead of this morning's New Zealand Economic Institute of Research's quarterly survey of business ... More >>
While you were sleeping: HP shares buck trend
Tuesday, 7 October 2014, 7:31 am | BusinessDesk
Oct. 7 (BusinessDesk) - Wall Street moved lower as investors positioned themselves on the eve of the US third-quarter earnings season. More >>
MARKET CLOSE: NZ shares follow Wall St higher
Monday, 6 October 2014, 5:49 pm | BusinessDesk
Oct. 6 (BusinessDesk) - New Zealand stocks rose, led by Warehouse Group, following Friday's rally on Wall Street as jobs data boosted confidence in the world's largest economy's recovery. Summerset Group Holdings gained on its third quarter sales. More >>
NZ dollar little changed as US jobs report boosts greenback
Monday, 6 October 2014, 5:03 pm | BusinessDesk
Oct. 6 (BusinessDesk) - The New Zealand dollar was little changed in local trading after stronger than expected US employment figures stoked demand for the greenback on a growing expectation the Federal Reserve will have to hike interest rates. More >>
Auckland's fifth major outage since 1998
Monday, 6 October 2014, 4:49 pm | BusinessDesk
Oct. 6 (BusinessDesk) - The latest major power cut in Auckland is the fifth to hit the region since 1998. More >>
MetService annual profit slips on higher tax bill
Monday, 6 October 2014, 2:53 pm | BusinessDesk
Oct. 6 (BusinessDesk) - Meterological Service of New Zealand, the state-owned weather bureau, reported a 5.6 percent drop in annual profit as a bigger tax bill and higher costs from its new acquisition weighed on earnings. More >>
Key confirms review of most contentious RMA reforms
Monday, 6 October 2014, 1:58 pm | BusinessDesk
Oct. 6 (BusinessDesk) - Prime Minister John Key has made his most explicit comments since the election that contentious reforms to the Resource Management Act will be reviewed and may not proceed. More >>
CORRECT: Dorchester hits 50% minimum for Turners takeover
Monday, 6 October 2014, 12:33 pm | BusinessDesk
(Fixes annual share price movement in final graph on story that ran on Friday Oct. 3) More >>
Fire safety investigators probe cause of Auckland outage
Monday, 6 October 2014, 12:16 pm | BusinessDesk
Oct. 6 (BusinessDesk) - Fire safety investigators are at the site of the big power outage in Auckland today looking into the cause of the blaze that cut power to around 85,000 businesses and households over the weekend. More >>
NZ property values rise at slowest pace in 15 months: QV
Monday, 6 October 2014, 12:05 pm | BusinessDesk
Oct. 6 (BusinessDesk) - New Zealand property values rose at the slowest annual pace in 15 months in September, while certainty after the general election, new spring listings and interest rates remaining on hold renewed interest in the market, according ... More >>
Bridges biggest winner in new Cabinet
Monday, 6 October 2014, 11:50 am | BusinessDesk
Oct. 6 (BusinessDesk) - The biggest winner in today’s new Cabinet line-up from Prime Minister John Key is Simon Bridges, who moves from 18th to ninth in the rankings and picks up the politically important transport portfolio from Gerry Brownlee. More >>
NZ employment confidence edges up to six-year high in 3Q
Monday, 6 October 2014, 11:36 am | BusinessDesk
Oct. 6 (BusinessDesk) - New Zealand employment confidence rose to a six-year high in the September quarter as sentiment in Canterbury bolstered the nation's outlook on jobs, according to the latest Westpac McDermott Miller Employment Confidence Index ... More >>
Summerset 3Q sales flat as new sales grow, resales stall
Monday, 6 October 2014, 10:39 am | BusinessDesk
Oct. 6 (BusinessDesk) - Summerset Group Holdings, the retirement village operator and developer, reported new sales for occupation rights in the third quarter rose 31 percent with strong sales at its new villages, while resales stalled due to limited ... More >>
