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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 926]
Sri Lanka suspends sale of some Fonterra milk powder
Monday, 6 October 2014, 10:39 am | BusinessDesk
Oct. 6 (BusinessDesk) - Fonterra Cooperative Group has confirmed Sri Lankan health officials have suspended the sale of some Anchor milk powder, amid concerns it has made children sick. More >>
Kiwifruit grower Seeka joins Psa class action against MPI
Monday, 6 October 2014, 9:01 am | BusinessDesk
Oct. 6 (BusinessDesk) - Seeka Kiwifruit Industries, the country's biggest kiwifruit grower, will join the $885 million class action against the Ministry for Primary Industries over the 2010 outbreak of Psa-V vine disease, seeking compensation for ... More >>
NZ dollar falls as strong US jobs report fuels greenback
Monday, 6 October 2014, 8:49 am | BusinessDesk
Oct. 6 (BusinessDesk) - The New Zealand dollar fell after better-than-expected US employment figures fuelled optimism about the strength of recovery in the world's biggest economy, stoking demand for the greenback. More >>
CORRECT: Orion Health mulls float, but what's it worth?
Monday, 6 October 2014, 8:40 am | BusinessDesk
(Fixes reference to Salt Funds in 16th graph in story that first ran on Friday Oct. 3) More >>
World Week Ahead: US earnings, Fed minutes
Monday, 6 October 2014, 8:12 am | BusinessDesk
Oct. 6 (BusinessDesk) - Investors will eye the start of the US third-quarter earnings season and the release of minutes from the latest Federal Reserve meeting, as well as a slew of central bank officials speaking in the coming days, after Friday’s ... More >>
MARKET CLOSE: NZ shares fall as investors mull gains
Friday, 3 October 2014, 5:34 pm | BusinessDesk
Oct. 3 (BusinessDesk) - New Zealand stocks fell, Spark New Zealand and Air New Zealand declined as investors mulled whether recent gains had made the stocks fully priced. Meridian Energy and Genesis Energy gained as traders were drawn to the relatively ... More >>
NZ dollar little changed on week, belying volatility
Friday, 3 October 2014, 5:26 pm | BusinessDesk
Oct. 3 (BusinessDesk) - The New Zealand dollar is likely to be little changed at the end of this week, belying the volatility of events that saw it drop to its lowest in more than a year. More >>
BACKGROUNDER: Orion Health mulls pre-Xmas float
Friday, 3 October 2014, 3:49 pm | BusinessDesk
Oct. 3 (BusinessDesk) - Investor demand is expected to be strong locally and offshore, should health sector software company Orion Health proceed with its long-anticipated initial public offering before Christmas. It's expected to be one of the larger and ... More >>
Dotcom exit puts Baboom's A$4.5 mln pre-IPO offer on hold
Friday, 3 October 2014, 2:32 pm | BusinessDesk
Oct. 3 (BusinessDesk) - Internet entrepreneur Kim Dotcom's exit from the share register of online music service Baboom has put plans to raise A$4.5 million in a pre-float offer on hold. More >>
Dorchester hits 50% minimum for Turners takeover
Friday, 3 October 2014, 2:26 pm | BusinessDesk
Oct. 3 (BusinessDesk) - Dorchester Pacific now controls 50 percent of Turners Group NZ, formerly Turners Auctions, triggering the car auction firm to pay shareholders a special 15 cents per share dividend, an incentive to shareholders to accept the ... More >>
RESEND: Toyota posts record NZ sales
Friday, 3 October 2014, 2:02 pm | BusinessDesk
Oct. 3 (BusinessDesk) - Toyota New Zealand, the local unit of the Japanese car maker, had record sales last financial year and is on track to improve earnings this year as the company benefits from a buoyant local economy and a stronger New Zealand dollar. More >>
Toyota posts record NZ sales on buoyant economy, lower kiwi
Friday, 3 October 2014, 1:53 pm | BusinessDesk
Oct. 3 (BusinessDesk) - Toyota New Zealand, the local unit of the Japanese car maker, had record sales last financial year and is on track to improve earnings this year as the company benefits from a buoyant local economy and a stronger New Zealand dollar. More >>
FMA files action in Abano case
Friday, 3 October 2014, 1:50 pm | BusinessDesk
Oct. 3 (BusinessDesk) - The Financial Markets Authority has filed civil proceedings against Australian private equity firm Archer Capital and Abano Healthcare shareholder Peter Hutson, saying the parties should have notified the market of their deal to ... More >>
Auckland house prices rise to a record in September
Friday, 3 October 2014, 11:24 am | BusinessDesk
Oct. 3 (BusinessDesk) - Auckland house sales rose in September, snapping three previous months of decline, as more houses with a $1 million plus price tag pushed the average house price to a record, according to Barfoot & Thompson. More >>
NZX trading volumes, values traded fall in September
Friday, 3 October 2014, 9:45 am | BusinessDesk
Oct. 3 (BusinessDesk) - The volume of trades on the New Zealand stock exchange fell in September as an increase in debt trades failed to make up for a decline in equity trading. More >>
NZF extends deadline for possible reverse listing
Friday, 3 October 2014, 9:42 am | BusinessDesk
Oct. 3 (BusinessDesk) - NZF, the listed financial services shell company whose major noteholder blocked a liquidation move by the board earlier this year, has pushed back the deadline for a possible reverse listing with an unidentified business. More >>
NZ dollar pops above 79 US cents, pulled up by stronger euro
Friday, 3 October 2014, 8:50 am | BusinessDesk
Oct. 3 (BusinessDesk) - The New Zealand dollar was pulled upwards by a strengthening euro after the European Central Bank failed to detail the size of its upcoming bond purchase plan, curbing bets it would expand its balance sheet enough to weaken the ... More >>
While you were sleeping: Stocks drop, euro gains
Friday, 3 October 2014, 7:38 am | BusinessDesk
Oct. 3 (BusinessDesk) - European stocks dropped, while the euro strengthened, as the European Central Bank disappointed investors with a lack of details about its asset purchase plan aimed at kickstarting the euro-zone’s flagging economy. More >>
MARKET CLOSE: NZ shares fall; Meridian, Genesis, Spark fall
Thursday, 2 October 2014, 5:44 pm | BusinessDesk
Oct. 2 (BusinessDesk) - New Zealand shares fell as offshore investors repatriated cash back home on the promise of yield. Meridian Energy, Genesis Energy, and Spark New Zealand fell. More >>
NZ dollar has brief flurry above 79 US cts in short market
Thursday, 2 October 2014, 5:18 pm | BusinessDesk
Oct. 2 (BusinessDesk) - The New Zealand dollar had a brief spurt above 79 US cents as traders took advantage of a short, meaning over-sold, market to push the local currency around after its sustained drop over the past three months. More >>
