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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 929]
NZ dollar catches breath after yesterday's slump
Tuesday, 30 September 2014, 8:44 am | BusinessDesk
Sept. 30 (BusinessDesk) - The New Zealand dollar edged up following its dramatic slump yesterday after the Reserve Bank confirmed speculation it intervened in the currency market last month, selling the kiwi in an attempt to push its value down ... More >>
Cancelled strike leaves oil companies holding emergency fuel
Monday, 29 September 2014, 6:00 pm | BusinessDesk
Sept. 29 (BusinessDesk) - The cancellation of a two day strike at the Marsden Point oil refinery next week has left the country's four main oil companies with an unwanted 50 million litre emergency shipment of aviation fuel that set sail from South Korea ... More >>
MARKET CLOSE: NZ shares rise on weaker kiwi; Fletcher gains
Monday, 29 September 2014, 5:33 pm | BusinessDesk
Sept. 29 (BusinessDesk) - New Zealand shares rose as a weaker kiwi dollar attracted investors to stocks with currency exposure such as Fletcher Building and Fisher & Paykel Healthcare. Meridian Energy extended its fall from a record. More >>
Kiwi sinks on RBNZ intervention, PM's 'Goldilocks' comment
Monday, 29 September 2014, 5:07 pm | BusinessDesk
Sept. 29 (BusinessDesk) - The New Zealand dollar dropped to a 13-month low after figures confirmed the Reserve Bank intervened in foreign exchange markets last month in a bid to reinforce its downward trajectory, and after Prime Minister John Key ... More >>
Threat of refinery strike averted by further talks
Monday, 29 September 2014, 5:04 pm | BusinessDesk
Sept. 29 (BusinessDesk) - Threatened strike action at New Zealand Refining, the country's only oil refinery, has been averted. More >>
FMA approves NZX's new growth stocks NXT market
Monday, 29 September 2014, 4:27 pm | BusinessDesk
Sept. 29 (BusinessDesk) - The Financial Markets Authority has approved the NZX's new NXT market for high growth or "momentum" stocks, with the stock market operator expecting it to launch later this year. More >>
UPDATE: Fonterra to launch Equity Partners' Fund this year
Monday, 29 September 2014, 4:20 pm | BusinessDesk
Sept. 29 (BusinessDesk) - Fonterra Cooperative Group wants to establish an Equity Partners' Fund before the end of the year that would source capital from global investors for farmers in New Zealand and Australia. More >>
Kiwi below 78 US cents as RBNZ figures show intervention
Monday, 29 September 2014, 3:24 pm | BusinessDesk
Sept. 29 (BusinessDesk) - The New Zealand dollar fell below 78 US cents for the first time in more than a year after the Reserve Bank published figures showing it intervened in foreign exchange markets in August. More >>
Fonterra considers equity fund as part of Farms Source launch
Monday, 29 September 2014, 1:39 pm | BusinessDesk
Sept. 29 (BusinessDesk) - Fonterra Cooperative Group may establish an Equity Partners' Fund that would source capital from investors for farmers in New Zealand and Australia. More >>
Nats sign confidence and supply deals with ACT and Dunne
Monday, 29 September 2014, 1:32 pm | BusinessDesk
Sept. 29 (BusinessDesk) - The National party has signed two confidence and supply agreements with the United Future party's Peter Dunne, and the ACT party's David Seymour, in the first steps towards establishing its third term as government of ... More >>
NZ dollar seen little changed in 4th quarter, survey says
Monday, 29 September 2014, 12:33 pm | BusinessDesk
Sept. 29 (BusinessDesk) - The New Zealand dollar is likely to be little changed from its current level by the end of this year, providing little respite for the nation's 1,600 avocado growers who are heading into their peak export season from September ... More >>
Fulton Hogan lifts annual earnings 43%
Monday, 29 September 2014, 12:04 pm | BusinessDesk
Sept. 29 (BusinessDesk) - Fulton Hogan, the privately held construction firm, lifted annual earnings 43 percent as it cut its costs in the face of falling Australian revenue, and is looking to grow its water, rail and airport units. More >>
Turners board backs takeover bid
Monday, 29 September 2014, 11:40 am | BusinessDesk
Sept. 29 (BusinessDesk) - The independent directors of Turners Group NZ, formerly Turners Auctions, are backing an offer to take over the car auction firm, which is at the bottom of an independent adviser's valuation range. More >>
Rural Equities sells assets to fund dairy conversion
Monday, 29 September 2014, 11:31 am | BusinessDesk
Sept. 29 (BusinessDesk) - Rural Equities, the farming group majority-owned by the Cushing family, sold its carbon credits and halved its stake in Australian agricultural company, Tandou, to fund the dairy conversion of its Eiffelton farm and reduce debt. More >>
NZ dollar declines on upbeat US growth, RBNZ FX stats loom
Monday, 29 September 2014, 8:40 am | BusinessDesk
Sept. 29 (BusinessDesk) - The New Zealand dollar fell to a fresh one-year low as the greenback advanced after a report showed US economic growth accelerated at the fastest rate since late 2011, amid speculation the Reserve Bank may have intervened ... More >>
MARKET CLOSE: NZ shares drop from record, Meridian falls on
Friday, 26 September 2014, 5:33 pm | BusinessDesk
Sept. 26 (BusinessDesk) - New Zealand shares fell, as the NZX 50 Index dropped from a record in a global sell off as investors took the opportunity to crystallise the bourse's gains. Meridian Energy snapped six days of gains as it shed rights to its ... More >>
NZ dollar heads for 2.8% slide vs greenback
Friday, 26 September 2014, 5:13 pm | BusinessDesk
NZ dollar heads for 2.8% slide vs greenback as Wheeler talks down kiwi, dairy payout cut More >>
Pumpkin Patch turns to a loss in 2014, turnaround to come
Friday, 26 September 2014, 4:59 pm | BusinessDesk
Pumpkin Patch turns to a loss in 2014, says benefits of changes will come in 2016 More >>
CORRECT: Who's on Location goes looking for cash
Friday, 26 September 2014, 4:27 pm | BusinessDesk
Sept. 26 (BusinessDesk) - Wellington visitor management software firm WhosonLocation is looking to raise up to $3 million in private equity as it seeks the next phase of growth since it launched five years ago. More >>
Burger Fuel to bring franchise stores in-house
Friday, 26 September 2014, 4:07 pm | BusinessDesk
Sept. 26 (BusinessDesk) - Burger Fuel Worldwide, the NZAX-listed fast food chain franchisor, plans to bring its franchise stores in-house which it expects will deliver greater profitability, and has bought the Henderson, Auckland store for an undisclosed ... More >>
