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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 941]
EPA gives early nod on Taranaki well consent application
Friday, 5 September 2014, 3:51 pm | BusinessDesk
Sept. 5 (BusinessDesk) - The first marine consent application to drill for oil and gas in the Taranaki Basin has gained early approval from the Environmental Protection Authority in a process being closely watched by the industry after the hurdles struck ... More >>
NZX sponsors angels
Friday, 5 September 2014, 3:44 pm | BusinessDesk
Sept. 5 (BusinessDesk) - The New Zealand Stock Exchange operator, NZX, is backing early stage investment by becoming a sponsor of the country's leading angel investor association. More >>
Start-up CoachSeek raises more than $450k for development
Friday, 5 September 2014, 1:51 pm | BusinessDesk
Sep. 5 (BusinessDesk) - Software start-up CoachSeek raised more than $450,000 after going through the Lighting Lab accelerator programme, and plans to knuckle down and develop its product before ramping up marketing efforts. More >>
NZ competitiveness improves; innovation, infrastructure lag
Friday, 5 September 2014, 1:02 pm | BusinessDesk
Sept. 5 (BusinessDesk) - New Zealand has improved one place to be ranked 17th most competitive country in the world, as measured by the Global Competitiveness Index compiled this year for the 14th time by the Davos, Switzerland-based think tank, ... More >>
Wholesale trade rises in second quarter
Friday, 5 September 2014, 11:36 am | BusinessDesk
Sept. 5 (BusinessDesk) - Wholesale trade rose in the second quarter, after a fall in the first three months of the year, as sales of groceries, liquor and tobacco products picked up. More >>
SME owners negative on capital gains tax, says MYOB survey
Friday, 5 September 2014, 11:24 am | BusinessDesk
Sept. 5 (BusinessDesk) - Some 60 percent of small and medium-sized business owners are negative about the Labour Party's capital gains tax, says a poll taken for the accounting software firm MYOB, with 60 percent saying it was their "most unpopular" ... More >>
DNZ Property targets minimum 2.5% annual dividend growth
Friday, 5 September 2014, 11:20 am | BusinessDesk
Sept. 5 (BusinessDesk) - DNZ Property Fund, the country's sixth-biggest listed property investor by market value, wants to lift its dividends by at least 2.5 percent a year after the board evaluated the current market and make-up of the firm's property portfolio. More >>
NZ new vehicle sales surge in August, heading for FY record
Friday, 5 September 2014, 10:49 am | BusinessDesk
Sep. 5 (BusinessDesk) - Sales of new vehicles surged in August, suggesting annual sales may reach a new record this year, as the lower prices offered by a strong New Zealand dollar and a buoyant economy drive demand. More >>
Regulator cuts future Horizon Energy earnings in settlement
Friday, 5 September 2014, 10:42 am | BusinessDesk
Sep. 5 (BusinessDesk) - The Commerce Commission will cut the amount Horizon Energy can earn in coming years as part of an out-of-court settlement with the lines company after it earned 3 percent more than its regulated pricing allows. More >>
A2 shareholder Freedom Foods buys $589k of shares
Friday, 5 September 2014, 10:24 am | BusinessDesk
Sept. 5 (BusinessDesk) - ASX-listed Freedom Foods Group bought almost one million shares of A2 Milk Co this week for about $589,000 after its stake was diluted in the past year due to the issue of partly-paid shares. More >>
AWF expects 1H sales growth near 61%, flags fatter earnings
Friday, 5 September 2014, 9:34 am | BusinessDesk
Sept. 5 (BusinessDesk) - AWF Group, the contract labour firm, anticipates first-half sales will grow almost 61 percent with the addition of white-collar recruitment firm Madison Group, and signalled bigger earnings as a result. More >>
NZ dollar rises to 6-week high vs. euro after ECB cuts rates
Friday, 5 September 2014, 8:45 am | BusinessDesk
NZ dollar rises to 6-week high vs. euro after ECB cuts rates, signals asset purchases More >>
While you were sleeping: ECB cuts rates, starts QE
Friday, 5 September 2014, 7:34 am | BusinessDesk
Sep. 5 (BusinessDesk) - Equities advanced in Europe after the European Central Bank lowered three key interest rates and announced plans to start buying assets next month in an effort to bolster the euro-zone economy. More >>
MARKET CLOSE: NZ shares rise, led by Pacific Edge on patent
Thursday, 4 September 2014, 5:44 pm | BusinessDesk
Sep. 4 (BusinessDesk) - New Zealand shares rose, led by Pacific Edge after it was granted a US patent for skin cancer detection, signalling a new product line for the biotech company. Chorus fell after the Commerce Commission said it had been advised ... More >>
NZ dollar holds gain as ECB meeting, US employment loom
Thursday, 4 September 2014, 5:26 pm | BusinessDesk
Sept. 4 (BusinessDesk) - The New Zealand dollar held gains in local trading as investors await the European Central Bank meeting and US employment in coming days, having recovered some appetite for risk-sensitive assets on growing confidence a ceasefire ... More >>
AsureQuality profit beats guidance on higher testing volumes
Thursday, 4 September 2014, 3:56 pm | BusinessDesk
Sept. 4 (BusinessDesk) - AsureQuality, the state-owned food testing company formed by the 2007 merger of Asure New Zealand and AgriQuality, beat forecast profit by 64 percent on higher testing volumes across its laboratories. More >>
Labour says grace period 'likely' for tax on inherited home
Thursday, 4 September 2014, 1:35 pm | BusinessDesk
Sept. 4 (BusinessDesk) - The Labour Party says there will be a "grace period" on the sale of a deceased parent's home before applying capital gains tax to its sale, but exactly how long has yet to be determined. More >>
PGG Wrightson CFO Rob Woodgate quits
Thursday, 4 September 2014, 12:30 pm | BusinessDesk
Sept. 4 (BusinessDesk) - Rob Woodgate has resigned as chief financial officer at PGG Wrightson, the rural services firm controlled by China’s Agria Corp. More >>
Briscoe 1H profit jumped 24%, shares rise to a record
Thursday, 4 September 2014, 11:24 am | BusinessDesk
Sep. 4 (BusinessDesk) - Briscoe Group, the homeware and sporting goods retail chain, boosted first-half profit 24 percent as it improves the layout of its stores and benefits from a strong New Zealand dollar. The stock jumped to a record. More >>
NZ property values rise at slowest annual pace in 14 months
Thursday, 4 September 2014, 11:05 am | BusinessDesk
Sept. 4 (BusinessDesk) - New Zealand property values rose at the slowest annual pace in 14 months in August as restrictions on low-equity home loans, rising interest rates and uncertainty around this month's general election weighed on the housing ... More >>
