Scoop has an Ethical Paywall
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 935]
S&P affirms NZ Post rating, cuts hybrid notes to 'junk'
Wednesday, 17 September 2014, 10:12 am | BusinessDesk
Sept. 17 (BusinessDesk) - Standard & Poor's affirmed New Zealand Post's issuer credit and related debt rating at A+/A-1 with a long term negative outlook, while cutting its hybrid notes to 'junk' status. More >>
CORRECT: Dairy product prices rise from two-year low
Wednesday, 17 September 2014, 9:10 am | BusinessDesk
(Fixes sweet whey powder sale in 6th, 7th graphs, clarifies GDT price in 2nd graph) More >>
NZ dollar rises on speculation ahead of Fed meeting
Wednesday, 17 September 2014, 8:45 am | BusinessDesk
Sept. 17 (BusinessDesk) - The New Zealand dollar advanced as investors pulled back expectations for the Federal Reserve to signal a rise in interest rates at this week's meeting and on reports China is adding liquidity to its banks to bolster economic ... More >>
Snakk mulls employee shares in remuneration packages
Wednesday, 17 September 2014, 8:07 am | BusinessDesk
Sept. 17 (BusinessDesk) - NZAX-listed Snakk Media is considering offering employees shares in the company as part of their remuneration package. More >>
While you were sleeping: Wall Street climbs
Wednesday, 17 September 2014, 7:46 am | BusinessDesk
Sept. 17 (BusinessDesk) - Wall Street advanced as a report showed a gauge of US inflation was unchanged in August, which helped fuel expectations Federal Reserve policy makers might hold on to their plan to keep interest rates low for a “considerable time.” More >>
Dairy product prices rise from two-year low
Wednesday, 17 September 2014, 6:20 am | BusinessDesk
Sep. 17 (BusinessDesk) - Dairy product prices rose in the latest GlobalDairyTrade auction, inching higher from the lowest level since July 2012, as declines in butter milk powder and cheddar were offset by gains in rennet casein and skim milk powder. More >>
Pyne Gould looks to oust EPIC directors, boost its stake
Tuesday, 16 September 2014, 6:18 pm | BusinessDesk
Sept. 16 (BusinessDesk) - Pyne Could Corp, the asset management firm controlled by George Kerr, is seeking the removal of two directors of Equity Partners Infrastructure Company No.1, as it looks to boost its stake to almost half. More >>
NZ dollar holds gains as dairy auction looms
Tuesday, 16 September 2014, 5:44 pm | BusinessDesk
Sept. 16 (BusinessDesk) - The New Zealand dollar held gains in local trading after weak US industrial production sapped demand for the greenback, and ahead of an upcoming dairy auction, which will offer a gauge on New Zealand's biggest commodity export. More >>
MARKET CLOSE: NZ shares fall, led by Summerset
Tuesday, 16 September 2014, 5:40 pm | BusinessDesk
Sept. 16 (BusinessDesk) - New Zealand shares fell, led by Summerset Group Holdings, as the prospect of new rivals weighed on listed retirement village operators. Stocks with regulatory pressure, such as Air New Zealand, Chorus and energy companies fell ... More >>
UPDATE: Warehouse rated a 'sell' as investors eye 2015
Tuesday, 16 September 2014, 4:38 pm | BusinessDesk
UPDATE: Warehouse rated a 'sell' as investors await proof 2015 will show return on investments More >>
Rapper Eminem sues National Party over copyright breach
Tuesday, 16 September 2014, 4:12 pm | BusinessDesk
Sept. 16 (BusinessDesk) - US rapper Eminem is suing the New Zealand National Party for alleged copyright infringement over unauthorised use of the rapper's 'Lose Yourself' song in an election campaign advertisement. More >>
Seniors would sell 9.4% Heartland stake when escrow lifts
Tuesday, 16 September 2014, 3:42 pm | BusinessDesk
Sept. 16 (BusinessDesk) - Seniors Money International, which sold its 'home equity release' mortgage business to Heartland New Zealand for $87 million this year, would sell the 9.4 percent stake it got in the lender as part payment once a 12-month lock-up ... More >>
Berry company OOB wins ice-cream contracts in China
Tuesday, 16 September 2014, 3:31 pm | BusinessDesk
Sept. 16 (BusinessDesk) - Berry company OOB has sealed two deals with Shanghai-based companies to sell its organic ice-cream. More >>
Warehouse rated a 'sell' as investors eye 2015
Tuesday, 16 September 2014, 3:07 pm | BusinessDesk
Sept. 16 (BusinessDesk) - Warehouse Group faces a year of reckoning as investors await evidence that New Zealand’s largest listed retailer will get a return on the hundreds of millions of dollars spent overhauling stores and buying new businesses ... More >>
Andrew Ferrier appointed as new chair of Orion Health
Tuesday, 16 September 2014, 2:03 pm | BusinessDesk
Sept. 16 (BusinessDesk) - Former Fonterra boss Andrew Ferrier has been appointed as the new chairman of Orion Health, the cloud-based patient management software company tipped for a share market listing. More >>
VnC Cocktails founder Shane McKillen quits Veritas board
Tuesday, 16 September 2014, 1:50 pm | BusinessDesk
Sept. 16 (BusinessDesk) - Shane McKillen, founder of failed pre-mixed drinks company VnC Cocktails, has resigned from the board of Veritas Investments, the listed food and grocery investor, to focus on other business commitments. More >>
Warehouse taps NZ Post's Mark Yeoman as CFO
Tuesday, 16 September 2014, 12:26 pm | BusinessDesk
Sept. 16 (BusinessDesk) - Warehouse Group, the biggest retailer on the NZX 50 Index, has appointed New Zealand Post's chief financial officer Mark Yeoman as its CFO after the sudden death of Stephen Small in May. More >>
Bridgecorp receiver squeezes out $4M more from insurance
Tuesday, 16 September 2014, 10:44 am | BusinessDesk
Sept. 16 (BusinessDesk) - The receivers of failed lender Bridgecorp have eked out another $4 million in their seven-year administration after cutting a deal over a loan on which it held an insurance policy. More >>
Canterbury university approved to triple borrowing limit
Tuesday, 16 September 2014, 10:42 am | BusinessDesk
Sept. 16 (BusinessDesk) - The University of Canterbury, which has secured government funding to refurbish its engineering department and build a new Regional Science and Innovation Centre, has been given approval to triple its borrowing limit to $150 ... More >>
NZ dollar gains amid mixed US data ahead of Fed meeting
Tuesday, 16 September 2014, 8:33 am | BusinessDesk
Sept. 16 (BusinessDesk) - The New Zealand dollar gained amid mixed US data as investors await the outcome of the Federal Reserve's two-day meeting starting today. More >>
