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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 939]
NZ SMEs report broader revenue growth, see more jobs: MYOB
Wednesday, 10 September 2014, 12:17 pm | BusinessDesk
Sept. 10 (BusinessDesk) - New Zealand small- and medium-sized businesses reported revenue growth in the past year, and a growing number expect to take on more staff and increase wages, according to an MYOB survey. More >>
NZ guest nights rise in July
Wednesday, 10 September 2014, 11:44 am | BusinessDesk
Sept. 10 (BusinessDesk) - New Zealand guest nights rose 1.3 percent in July as school holidays lifted domestic travel and short-term international visitor numbers rose to a record. More >>
Philanthropist Gardiner's NZ Refining stake split eight ways
Wednesday, 10 September 2014, 10:25 am | BusinessDesk
Sept. 10 (BusinessDesk) - The estate of late Canadian philanthropist George Ryerson Gardiner has divided up its stake in New Zealand Refining Co as an inheritance. More >>
Productivity Commission to look at housing land supply
Wednesday, 10 September 2014, 9:50 am | BusinessDesk
Sept. 10 (BusinessDesk) - The Productivity Commission is to expand on its housing affordability report with an investigation into improving land supply and development capacity, particularly in areas with strong population growth. More >>
NZ dollar slips as greenback gains on US rates expectations
Wednesday, 10 September 2014, 8:37 am | BusinessDesk
Sept. 10 (BusinessDesk) - The New Zealand dollar declined as investors gain confidence about a recovery in the US economy, increasing demand for the US dollar. More >>
While you were sleeping: Stocks, bonds drop
Wednesday, 10 September 2014, 7:56 am | BusinessDesk
Sept. 10 (BusinessDesk) - Wall Street and US Treasuries fell amid concern the US Federal Reserve might raise interest rates sooner than anticipated. More >>
HarMoney launches with $100 million in capital funding
Wednesday, 10 September 2014, 6:31 am | BusinessDesk
Sept. 10 (BusinessDesk) - HarMoney, New Zealand's only licensed peer-to-peer lender, said it has commitments for $100 million mainly from four investors it plans to lend to consumers with a sliding scale of interest based on their credit risk. More >>
Loyalty NZ profit reaches record as kiwis chase Fly Buys
Wednesday, 10 September 2014, 6:24 am | BusinessDesk
Sept. 10 (BusinessDesk) - Loyalty New Zealand, which operates the Fly Buys loyalty programme used by companies including Air New Zealand, posted a 64 percent gain in annual profit to a record as more kiwis chased points offered by its vendors. More >>
MARKET CLOSE: NZ shares fall from record on election jitters
Tuesday, 9 September 2014, 5:41 pm | BusinessDesk
Sept. 9 (BusinessDesk) - New Zealand stocks fell from a record as this month's general election created uncertainty for investors in light trading. Meridian Energy dropped from a record close, and Spark New Zealand fell from a more-than six-year high. More >>
NZ dollar drops to six-month low as greenback soars
Tuesday, 9 September 2014, 5:04 pm | BusinessDesk
Sept. 9 (BusinessDesk) - The New Zealand dollar fell to the lowest in more than six months after the greenback soared on expectations the Federal Reserve will start hiking interest rates earlier and faster than previously anticipated. More >>
Smartpay turns to Australian taxi market for margin growth
Tuesday, 9 September 2014, 4:45 pm | BusinessDesk
Sept. 9 (BusinessDesk) - Smartpay, the listed payments terminal supplier, said it will sell into the taxi market in Australia before the end of the year to counteract a forecast 8 percent revenue drop that will follow the loss of an Australian contract ... More >>
Dorchester raises 2015 profit expectations on better trading
Tuesday, 9 September 2014, 11:58 am | BusinessDesk
Sept. 9 (BusinessDesk) - Dorchester Pacific, the finance company which plans this month to make a takeover bid for vehicle auction company Turners Group, raised its forecast for annual profit on better-than-expected trading across its insurance and ... More >>
NZ spending on credit, debit cards rises 0.6% in August
Tuesday, 9 September 2014, 11:15 am | BusinessDesk
Sept. 9 (BusinessDesk) - New Zealanders increased their spending on credit and debit cards in August, with a pick-up in the hospitality sector driving core retail expenditure in the month. More >>
Smith proposes increased protections for subbies
Tuesday, 9 September 2014, 11:13 am | BusinessDesk
Sept. 9 (BusinessDesk) - Building and Construction Minister Nick Smith has proposed changes to the Construction Contracts Act that would require retention payments be held in trust, ensuring sub-contractors get paid even if the project fails. More >>
Hart's Rank Group hires bankers to run packaging sales: FT
Tuesday, 9 September 2014, 9:55 am | BusinessDesk
Sept. 9 (BusinessDesk) - New Zealand billionaire Graeme Hart's Rank Group has hired three investment banks to run separate sales of three units in his global packaging empire in what could generate some US$9 billion, according to a media report. More >>
Acurity lifts stake in Auckland endoscopy, laparoscopy firm
Tuesday, 9 September 2014, 9:11 am | BusinessDesk
Sept. 9 (BusinessDesk) - Acurity Healthcare Group, whose major shareholders are seeking to take the company private, has lifted its stake in Endoscopy Auckland and Laparoscopy Auckland after exercising options for an undisclosed sum. More >>
NZ dollar declines as US dollar advances on optimism
Tuesday, 9 September 2014, 8:52 am | BusinessDesk
Sept. 9 (BusinessDesk) - The New Zealand dollar fell to its lowest in more than five months as the US dollar gained strength on optimism about a US economic recovery which will push interest rates higher. More >>
NZ dollar declines as US dollar advances on optimism
Tuesday, 9 September 2014, 8:49 am | BusinessDesk
Sept. 9 (BusinessDesk) - Veritas Investments, which owns the Mad Butcher franchise business, has bought upmarket grocery chain Nosh Food Market for $1.77 million. More >>
While you were sleeping: Scotland spooks markets
Tuesday, 9 September 2014, 7:47 am | BusinessDesk
Sep. 9 (BusinessDesk) - Equities on both sides of the Atlantic fell, along with oil and gold, while the US dollar climbed to a 14-month high against the euro on optimism about the American economy and concern about a vote for Scottish independence. More >>
Kirkcaldie to net $21.65 mln from Harbour City Centre sale
Monday, 8 September 2014, 6:00 pm | BusinessDesk
Sept. 8 (BusinessDesk) - Kirkcaldie & Stains, the upmarket Wellington department store, will net $21.65 million from the sale of its Harbour City Centre on the city's premier Lambton Quay location. More >>
