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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 930]
Port of Taranaki profit jumps 57% as oil drives record sales
Friday, 26 September 2014, 4:02 pm | BusinessDesk
Port of Taranaki profit jumps 57% after record revenue on offshore oil and gas exploration More >>
Environmental groups criticise Chatham Rock plans
Friday, 26 September 2014, 3:45 pm | BusinessDesk
Sept. 26 (BusinessDesk) - Environmental lobbyists criticised plans by Chatham Rock Phosphate to mitigate the impact of its proposal to mine phosphate nodules from the Chatham rise seabed, saying it wouldn't diminish the risk and uncertainty of the ... More >>
Pledge Me launches offers for computer museum, hovercraft
Friday, 26 September 2014, 2:49 pm | BusinessDesk
Sept. 26 (BusinessDesk) - Pledge Me, the online crowd funding platform, has launched its first two equity offers, giving investors the chance to buy into New Zealand's first computer museum, backed by Apple Inc co-founder Steve Wozniak, and a hovercraft ... More >>
Who's on Location goes looking for cash
Friday, 26 September 2014, 2:30 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 >>
IAG mulls closing all but one of its State branches in NZ
Friday, 26 September 2014, 11:48 am | BusinessDesk
IAG mulls closing all but one of its State branches in NZ, affecting 91 jobs More >>
Heartland director Gary Leech resigns to focus on City Care
Friday, 26 September 2014, 9:38 am | BusinessDesk
Sept. 26 (BusinessDesk) - Heartland New Zealand director Gary Leech will retire from the lender's board next month, after three years on the board including when the bank formed after the merger of Canterbury and Southern Cross building societies ... More >>
NZ dollar slumps to year low after Wheeler jawbones kiwi
Friday, 26 September 2014, 8:54 am | BusinessDesk
NZ dollar slumps to year low after RBNZ's Wheeler jawboned it below 80 US cts More >>
MARKET CLOSE: NZX 50 Index rises to record
Thursday, 25 September 2014, 5:32 pm | BusinessDesk
MARKET CLOSE: NZX 50 Index rises to record, Meridian, MRP at new highs; Pacific Edge climbs More >>
Sealord says Nelson wetfish factory not economically viable
Thursday, 25 September 2014, 5:03 pm | BusinessDesk
Sept. 25 (BusinessDesk) - Sealord, New Zealand’s second-largest fishing company, says it needs to downsize its Nelson wetfish processing plant and may eliminate 97 jobs in the face of rising costs, flat prices and a still-strong kiwi dollar. More >>
NZ dollar drops below 80 US cts on Wheeler jawboning
Thursday, 25 September 2014, 5:03 pm | BusinessDesk
Sept. 25 (BusinessDesk) - The New Zealand dollar dropped below 80 US cents for the first time since September last year after Reserve Bank governor Graeme Wheeler said the currency was still unjustifiably high, a consideration he takes into account ... More >>
Tax office appeals Vector's $53 million win on CBD tunnel
Thursday, 25 September 2014, 3:56 pm | BusinessDesk
The Inland Revenue Department will appeal a High Court decison which found in favour of Vector over a $53 million payment relating to the Auckland electricity and gas network operator's access rights to its Auckland CBD tunnel. More >>
Extra oil imports organised to avoid disruption from strike
Thursday, 25 September 2014, 3:32 pm | BusinessDesk
Sept. 25 (BusinessDesk) - Oil companies are forging ahead with a contingency plan to import more fuels into the country to minimise disruption if planned industrial action at New Zealand Refining goes ahead next month. More >>
NZ dollar drops after Wheeler says level unjustified
Thursday, 25 September 2014, 2:48 pm | BusinessDesk
Sept. 25 (BusinessDesk) - The New Zealand dollar tumbled more than half a US cent after Reserve Bank governor Graeme Wheeler invoked two of the conditions for the bank to intervene in currency markets, saying its strength was "unjustified ... More >>
FMA got fewer complaints in 2014, had 30 open cases
Thursday, 25 September 2014, 1:19 pm | BusinessDesk
Sept. 25 (BusinessDesk) - The Financial Markets Authority received fewer complaints in its 2014 financial year after the David Ross Ponzi investigation sparked a flood on inquiries in 2013, and had just 30 open cases at the end of the period. More >>
UPDATED: Hallenstein shares jump on good start to 2015
Thursday, 25 September 2014, 12:49 pm | BusinessDesk
(Adds broker comment in 11th paragraph, forecast for 2015 profit in 7th paragraph, further detail throughout, updates shares) More >>
Chatham Rock distances itself from ironsands project
Thursday, 25 September 2014, 12:49 pm | BusinessDesk
Sept. 25 (BusinessDesk) - Chatham Rock Phosphate, the company proposing to mine phosphate nodules from the seabed on the Chatham Rise, has distanced itself from TransTasman Resources' ironsands dredging project and urged the Environmental Protection Authority ... More >>
Hallenstein shares jump on good start to 2015
Thursday, 25 September 2014, 10:43 am | BusinessDesk
Sept. 25 (BusinessDesk) - Hallenstein Glasson, which posted a 24 percent drop in annual profit, said all chains in the group are trading ahead of year earlier levels in the first seven weeks of the new financial year, with a "solid improvement" ... More >>
Pacific Edge awarded Japanese patent for colorectal cancer
Thursday, 25 September 2014, 10:13 am | BusinessDesk
Sept. 25 (BusinessDesk) - Pacific Edge, the medical biotech company, has been awarded a Japanese patent for its colorectal cancer screening technology, as the company looks to expand its range of diagnostic tests internationally. The shares rose on ... More >>
Ironsands mining appeal set for March next year
Thursday, 25 September 2014, 9:55 am | BusinessDesk
Sept. 25 (BusinessDesk) - Would-be ironsands miner TransTasman Resources has been instructed by the High Court to come up with a far shorter, more focused appeal against the rejection of its application to mine the seabed in the Exclusive Economic Zone. More >>
Westpac, Kiwibank lead earnings growth among banks in 2Q
Thursday, 25 September 2014, 9:17 am | BusinessDesk
Sept. 25 (BusinessDesk) - Westpac Banking Corp and Kiwibank led earnings growth among New Zealand's banks in the second quarter, as increased lending and wider margins propped up profits. More >>
