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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 942]
Chorus 'Boost' service likely to breach rules: regulator
Thursday, 4 September 2014, 10:49 am | BusinessDesk
Sept. 4 (BusinessDesk) - Telecommunications network operator Chorus's proposed Boost variant service would likely breach the terms of its regulation, according to legal advice received by the Commerce Commission. More >>
APN would sell 60% of NZ unit, raising A$308.6 mln
Thursday, 4 September 2014, 10:13 am | BusinessDesk
APN would sell 60% of NZ unit, raising A$308.6 mln, note offer document shows More >>
NZ dollar rises on optimism about Ukraine ceasefire
Thursday, 4 September 2014, 8:37 am | BusinessDesk
Sep. 4 (BusinessDesk) - The New Zealand dollar advanced on optimism a ceasefire could be agreed in Ukraine, improving the outlook for global growth and increasing the allure of riskier currencies. More >>
While you were sleeping: Apple sours sentiment
Thursday, 4 September 2014, 7:48 am | BusinessDesk
Sep. 4 (BusinessDesk) - A slide in shares of Apple erased most early gains on Wall Street, offsetting further evidence of accelerating US economic growth and talk that Russia and Ukraine were edging closer to a cease-fire in eastern Ukraine. More >>
MARKET CLOSE: NZ shares rise as investors hunt yield
Wednesday, 3 September 2014, 5:49 pm | BusinessDesk
Sept. 3 (BusinessDesk) - New Zealand shares rose, paced by Meridian Energy and Tower, as investors sought out higher yields amid rising political uncertainty ahead of this month's general election. More >>
NZ dollar falls as US, Aust economic data weighs
Wednesday, 3 September 2014, 5:20 pm | BusinessDesk
Sept. 3 (BusinessDesk) - The New Zealand dollar fell as upbeat US and Australian economic data sapped demand for the kiwi, and after another drop in dairy prices eroded confidence in the strength of the nation's biggest export commodity. More >>
Fonterra food safety practice still improving, says report
Wednesday, 3 September 2014, 4:05 pm | BusinessDesk
Sep. 3 (BusinessDesk) - Fonterra Cooperative Group, the world's biggest dairy exporter, is on track in lifting the quality of its food safety processes, nine months after an independent review into its handling of last year's false alarm food scare. More >>
Seeka offers kiwifruit growers share incentive for supply
Wednesday, 3 September 2014, 3:17 pm | BusinessDesk
Sept. 3 (BusinessDesk) - Seeka Kiwifruit Industries, the fruit grower and coolstore and packhouse operator, is looking to secure kiwifruit supply over the next three years by offering growers shares in return for exclusive supply from their orchards. More >>
Labour-Greens closing on National in latest Roy Morgan poll
Wednesday, 3 September 2014, 3:11 pm | BusinessDesk
Sept. 3 (BusinessDesk) - Just three percentage points separate the governing National Party from the combined vote of Labour and Green party supporters in the latest Roy Morgan opinion poll, its second to last before polling day, Sept. 20. More >>
Kordia turns to a loss in 2014
Wednesday, 3 September 2014, 2:35 pm | BusinessDesk
Kordia turns to a loss on difficult trading in Australia, end of NZ analogue revenue More >>
NZ building work activity edges up in June quarter
Wednesday, 3 September 2014, 11:14 am | BusinessDesk
Sept. 3 (BusinessDesk) - New Zealand building work edged up in the second quarter as increased activity in non-residential construction offset flat activity in housing. More >>
Auckland house sales drop in August
Wednesday, 3 September 2014, 10:54 am | BusinessDesk
Sept. 3 (BusinessDesk) - Auckland house sales fell for a third month in August and the number of listings remained muted in the tail-end of winter and lead-up to this month's general election, according to realtor Barfoot & Thompson. More >>
Rural Equities doubles annual profit
Wednesday, 3 September 2014, 10:47 am | BusinessDesk
Sept. 3 (BusinessDesk) - Rural Equities, the farming group controlled by the Cushing family, doubled annual profit and lifted its dividend 17 percent on the back of record dairy production and prices. More >>
NZX trading volumes rise in August, as equity offsets debt
Wednesday, 3 September 2014, 10:22 am | BusinessDesk
NZX trading volumes rise in August, as increase in equity trades outweigh decline in debt trading More >>
Kirkcaldie sees narrower loss on retail, may need impairment
Wednesday, 3 September 2014, 9:29 am | BusinessDesk
Sept. 3 (BusinessDesk) - Kirkcaldie & Stains, the upmarket Wellington department store, says it made a narrower loss in the latest financial year, and its board may have to write down the value of assets. More >>
NZ dollar slips below 83 US cents on fall in dairy prices
Wednesday, 3 September 2014, 8:32 am | BusinessDesk
NZ dollar slips below 83 US cents on fall in dairy prices, upbeat US data More >>
While you were sleeping: Wall Street rally pauses
Wednesday, 3 September 2014, 7:32 am | BusinessDesk
Sep. 3 (BusinessDesk) - Wall Street fell, pushing the Standard & Poor’s 500 Index down from its record-high close, as shares of Home Depot dropped on reports of a credit card data breach, while those of Chevron slipped with the price of oil. More >>
Dairy product prices decline to lowest since July 2012
Wednesday, 3 September 2014, 5:46 am | BusinessDesk
Sep. 3 (BusinessDesk) - Dairy product prices dropped to the lowest level since July 2012 in the latest GlobalDairyTrade auction, led by a slump in rennet casein and butter milk powder. More >>
Forte Funds share purchases prompt disclosure notices
Tuesday, 2 September 2014, 6:45 pm | BusinessDesk
Sep. 2 (BusinessDesk) - Recent purchases by four-month old Forte Funds Management, run by former deputy head of equities AMP Capital John Phipps and ex-Harbour Asset Management strategist Darryl Briggs, has prompted disclosure notices from Skellerup ... More >>
Lee Tamahori seeks $500k through crowd-funding
Tuesday, 2 September 2014, 6:42 pm | BusinessDesk
Sept. 2 (BusinessDesk) - A new film to be directed by Lee Tamahori is hoping to raise the final 5.3 percent of its $9.4 million budget via equity crowd funding on the Snowball Effect platform, offering investors preferred shares with a 20 percent per ... More >>
