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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 927]
Zespri urges kiwifruit growers against Psa class action
Thursday, 2 October 2014, 3:47 pm | BusinessDesk
Oct. 2 (BusinessDesk) - The country's kiwifruit marketing body, Zespri International, is urging growers not to join the proposed class action against the Ministry of Primary Industries, seeking $885 million compensation for the outbreak of the Psa blight ... More >>
Vodafone NZ sinks into the red for first time since 2000
Thursday, 2 October 2014, 3:47 pm | BusinessDesk
Oct. 2 (BusinessDesk) - Vodafone New Zealand, the country's biggest mobile phone operator, reported its first annual loss since 2000 as related party finance costs from its TelstraClear acquisition and rising cost of sales weighed on the bottom ... More >>
Vodafone NZ sinks into the red for first time since 2000
Thursday, 2 October 2014, 3:47 pm | BusinessDesk
Oct. 2 (BusinessDesk) - Vodafone New Zealand, the country's biggest mobile phone operator, reported its first annual loss since 2000 as related party finance costs from its TelstraClear acquisition and rising cost of sales weighed on the bottom ... More >>
CORRECT: Finzsoft shares soar to record on new deal
Thursday, 2 October 2014, 3:04 pm | BusinessDesk
(Fixes relationship with St George in lead, updates share price in 2nd graph, valuation in 4th graph) More >>
Utility companies are the worst payers in the country: D&B
Thursday, 2 October 2014, 2:44 pm | BusinessDesk
Oct. 2 (BusinessDesk) - Consumers face penalties if they don’t pay their power, gas or water bills on time but it would appear the utilities providing those services play by a different set of rules. More >>
Australia's Quattro to list NZ property portfolio on ASX
Thursday, 2 October 2014, 2:39 pm | BusinessDesk
Australia's Quattro looks to raise A$305 million listing NZ property portfolio on ASX More >>
NZ commodity prices fall for 7th month in Sept, ANZ says
Thursday, 2 October 2014, 1:50 pm | BusinessDesk
Oct. 2 (BusinessDesk) - New Zealand commodity prices fell for a seventh consecutive month to an 18-month low in September, led by declining dairy prices. More >>
Fed Farmers warns dairy farmers face 'austerity' this season
Thursday, 2 October 2014, 1:32 pm | BusinessDesk
Oct. 2 (BusinessDesk) - New Zealand dairy farmers are facing an "austere" 2014/15 season, says the national farming lobby, Federated Farmers, in response to the further slump in international dairy prices overnight. More >>
UPDATE: Asking prices for NZ properties plateau nationwide
Thursday, 2 October 2014, 11:06 am | BusinessDesk
(Recasts with added Jeffries comment from 3rd graph, fixes West Coast movement in 5th graph) More >>
Finzsoft shares soar to record
Thursday, 2 October 2014, 11:04 am | BusinessDesk
Oct. 2 (BusinessDesk) - Shares of Finzsoft Solutions soared to a record a day after the financial software developer said annual earnings would likely grow fourfold after the firm signed up Australia's St George Bank as a customer. More >>
Asking prices for properties plateau nationwide, survey says
Thursday, 2 October 2014, 10:10 am | BusinessDesk
Oct. 2 (BusinessDesk) - There's good news for house buyers in the new Trade Me Property Price Index launched today with the prices asked for properties nationwide remaining lacklustre for the fifth month in a row in September. More >>
Goodman Fielder flags early redemption for $250 mln of NZ bo
Thursday, 2 October 2014, 9:32 am | BusinessDesk
Oct. 2 (BusinessDesk) - Goodman Fielder, the food ingredients manufacturer facing a takeover from Wilmar International and First Pacific Co, will redeem $250 million of New Zealand-listed bonds early after negotiating a new banking facility with its ... More >>
Vista Group International signs major Chinese supply deal
Thursday, 2 October 2014, 9:17 am | BusinessDesk
Oct. 2 (BusinessDesk) - Vista Group International, the cinema software and analytics company, has signed a supply agreement with an unidentified cinema chain in China, which will see its software installed across more than 200 sites in the world's most ... More >>
While you were sleeping: Stocks sink, US Treasuries rise
Thursday, 2 October 2014, 8:48 am | BusinessDesk
Oct. 2 (BusinessDesk) - Stocks on both sides of the Atlantic dropped, while US Treasuries climbed after a disappointing report on US manufacturing and further signs of economic malaise in the euro zone. More >>
Boskalis defends track record at Chatham Rock hearings
Thursday, 2 October 2014, 8:44 am | BusinessDesk
Oct. 2 (BusinessDesk) - Royal Boskalis, one of the world's biggest dredging companies, defended its track record in making the case for a proposed phosphate mining project on the Chatham Rise, and is confident the measures it would take to protect the environment ... More >>
NZ dollar pares gain after dairy prices fall to 5-year low
Thursday, 2 October 2014, 8:39 am | BusinessDesk
NZ dollar pares gain after prices fall to 5-year low in Fonterra's dairy auction More >>
Dairy product prices drop to lowest since August 2009
Thursday, 2 October 2014, 6:44 am | BusinessDesk
Oct. 2 (BusinessDesk) - Dairy product prices fell to the lowest level in more than five years in the latest GlobalDairyTrade auction, led by declines in butter milk powder and whole milk powder. More >>
SLI co founder Geoff Brash resigns after reducing his stake
Wednesday, 1 October 2014, 6:32 pm | BusinessDesk
SLI co founder Geoff Brash resigns after reducing his stake at end of escrow period More >>
MARKET CLOSE: NZ shares rise as investors chase yield
Wednesday, 1 October 2014, 5:47 pm | BusinessDesk
Oct. 1 (BusinessDesk) - New Zealand stocks rose, paced by Spark New Zealand as investors were lured to the local bourse's relatively high yields. Infratil rose as it sealed the sale of its Australian energy assets and signalled a capital return. Genesis ... More >>
NZ dollar drops after weak Australian retail sales
Wednesday, 1 October 2014, 5:35 pm | BusinessDesk
Oct. 1 (BusinessDesk) - The New Zealand dollar fell against the greenback as weak retail data in Australia sapped investors' appetite for the trans-Tasman currencies, and as improving US data stokes demand for the world's reserve currency. More >>
