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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 943]
MARKET CLOSE: NZ shares rise, led by A2, Ebos, Fletcher
Tuesday, 2 September 2014, 5:33 pm | BusinessDesk
Sept. 2 (BusinessDesk) - New Zealand shares rose, led by A2 Milk Co, Ebos Group and Fletcher Building, as companies with Australian business benefited from a falling kiwi dollar. More >>
Australian dollar above 'fundamental value', RBA says
Tuesday, 2 September 2014, 5:18 pm | BusinessDesk
Sept. 2 (BusinessDesk) - The Reserve Bank of Australia strengthened its language on the Australian dollar, saying the currency was high relative to fundamental value, while at the same time sounding more upbeat about the local economy. More >>
NZ dollar little changed vs. A$ as RBA keeps rates on hold
Tuesday, 2 September 2014, 5:16 pm | BusinessDesk
Sept. 2 (BusinessDesk) - The New Zealand dollar was little changed against its trans-Tasman counterpart after the Reserve Bank of Australia kept rates on hold, while becoming a little more pessimistic about the nation's labour market. More >>
SFO charges MightyRiverPower engineer with $2 mln fraud
Tuesday, 2 September 2014, 2:56 pm | BusinessDesk
Sept. 2 (BusinessDesk) - The Serious Fraud Office has charged a MightyRiverPower engineer of fraudulently issuing invoices totalling $2 million. More >>
NZ commodity prices fall for 6th month in August, ANZ says
Tuesday, 2 September 2014, 2:29 pm | BusinessDesk
Sept. 2 (BusinessDesk) - New Zealand commodity prices fell for a sixth straight month in August, taking the index to a 17-month low, led by declining dairy prices, in part due to an oversupply in China. More >>
CERA to be rolled into DPMC ahead of rebuild wind-down
Tuesday, 2 September 2014, 1:20 pm | BusinessDesk
Sept. 2 (BusinessDesk) - The government will fold the Canterbury Earthquake Recovery Authority into the Department of Prime Minister and Cabinet early next year as it begins a long-term withdrawal from its hands-on involvement in the Christchurch rebuild. More >>
Huhtamaki buys carton maker Interpac Packaging for 7M euros
Tuesday, 2 September 2014, 11:08 am | BusinessDesk
Sept. 2 (BusinessDesk) - Huhtamaki Oyj, the Finnish packaging manufacturer, bought Auckland-based folding carton maker Interpac Packaging for 7 million euros to expand its product range. More >>
Lyttelton offer amounts to premium up to 14%: adviser report
Tuesday, 2 September 2014, 10:25 am | BusinessDesk
Sept. 2 (BusinessDesk) - Christchurch City Holdings' offer to mop up the remaining shares in Lyttelton Port Co amounts to a premium of up to 14 percent, according to a report from the independent adviser that recommends it be accepted. More >>
Spark deregisters its stock in the US
Tuesday, 2 September 2014, 10:07 am | BusinessDesk
Sept. 2 (BusinessDesk) - Spark New Zealand, previously known as Telecom Corp and once the largest company on the nation's stock exchange before its network arm was split off into Chorus, is deregistering trading of its stock in the US. More >>
NZ dollar holds steady ahead of US manufacturing data
Tuesday, 2 September 2014, 8:39 am | BusinessDesk
Sept. 2 (BusinessDesk) - The New Zealand dollar was little changed along with other major currencies as weak manufacturing PMI data from China to Europe had traders looking ahead to manufacturing figures from the US tonight. More >>
While you were sleeping: Global manufacturing slows
Tuesday, 2 September 2014, 7:26 am | BusinessDesk
Sept 2 (BusinessDesk) - European stocks crept higher, while bonds rose, even as data showed manufacturing slowed in the euro zone, the UK and China, stoking concern about the strength of the global economy. More >>
Lyttelton Port board backs council takeover proposal
Monday, 1 September 2014, 5:46 pm | BusinessDesk
Sept. 1 (BusinessDesk) - The board of Lyttelton Port Co has backed a takeover bid by council subsidiary Christchurch City Holdings, and will resolve to pay a special dividend to existing shareholders. More >>
MARKET CLOSE: NZ shares fall, led by MRP, Meridian
Monday, 1 September 2014, 5:40 pm | BusinessDesk
Sept. 1 (BusinessDesk) - New Zealand shares fell, led by MightyRiverPower as ongoing political uncertainty ahead of the country's general election this month weighed on investors. A2 Milk Co and Pacific Edge paced the decline. More >>
NZ dollar rises as terms of trade hold at 40-year high
Monday, 1 September 2014, 5:29 pm | BusinessDesk
Sept. 1 (BusinessDesk) - The New Zealand dollar edged up after government figures showed the nation's terms of trade stayed at a 40-year high in the second quarter as a stronger currency provided cheaper imports and offset the impact of falling ... More >>
Gentrack secures delayed contract, shares rise to month high
Monday, 1 September 2014, 3:39 pm | BusinessDesk
Sep. 1 (BusinessDesk) - Gentrack Group, the airport and utility software developer, has resolved the delayed contract upgrade with a customer which, in part, caused it to cut its prospectus full-year profit forecast barely six weeks after the company ... More >>
Datacom boosts profit 43% on strong NZ growth
Monday, 1 September 2014, 2:44 pm | BusinessDesk
Sept. 1 (BusinessDesk) - Datacom Group, the privately-held IT services firm, boosted annual earnings by 43 percent as gains in New Zealand offset a weaker Australian market and reduced Asian revenue after the sale of a call centre. More >>
NZ Dollar Outook: Kiwi may fall this week amid weaker data
Monday, 1 September 2014, 12:23 pm | BusinessDesk
Sept. 1 (BusinessDesk) - The New Zealand dollar may decline this week as weaker commodity prices and building activity weigh on the local currency, while US data continues to improve. More >>
NZ terms of trade sets new 40-year high in 2nd quarter
Monday, 1 September 2014, 12:20 pm | BusinessDesk
NZ terms of trade sets new 40-year high as cheaper imports offset falling exports More >>
APN may list local unit on New Zealand sharemarket
Monday, 1 September 2014, 10:25 am | BusinessDesk
Sept. 1 (BusinessDesk) - APN News & Media, which publishes the New Zealand Herald, may list its New Zealand business on the local sharemarket. More >>
Allied Farmers back in black as livestock unit grows
Monday, 1 September 2014, 9:28 am | BusinessDesk
Sept. 1 (BusinessDesk) - Allied Farmers, which is rebuilding from a disastrous takeover of the Hanover and United Finance loan books, returned to profit as its core livestock unit lifted income with gains in Taranaki and Waikato. More >>
