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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 950]
Croxley calls time on NZ production in face of cheap imports
Thursday, 21 August 2014, 5:27 pm | BusinessDesk
Aug. 21 (BusinessDesk) - Croxley Stationery, whose stationery brands include Olympic, Warwick and Collins, plans to cease manufacturing in New Zealand because it has struggled to compete with lower-cost imports in a market where the printed word is giving way ... More >>
NZ dollar falls as economy seen settling to more modest pace
Thursday, 21 August 2014, 5:12 pm | BusinessDesk
Aug. 21 (BusinessDesk) - The New Zealand dollar declined, and could fall another 1.1 percent before finding firm support, on signs domestic economic growth is settling to a more moderate pace at a time traders are increasing bets on a revival in the ... More >>
Australian, China-backed company targets NZ forest owners
Thursday, 21 August 2014, 5:01 pm | BusinessDesk
Aug. 21 (BusinessDesk) - United Forestry Group, backed by Australian timber marketer Pentarch and China's Xiangyu Group, is targeting small forest owners in New Zealand in a bid to cash in on a looming 'wall of wood' it estimates will generate $30 billion ... More >>
NZ meat industry tie-up stumbled on differing strategies
Thursday, 21 August 2014, 1:46 pm | BusinessDesk
Aug. 21 (BusinessDesk) - New Zealand meat companies abandoned efforts to consolidate and reduce surplus capacity last year because they lacked an agreed export strategy and farmers wouldn’t commit stock to firms that closed plants, industry sources ... More >>
NZ consumer confidence sinks to 10-month low
Thursday, 21 August 2014, 1:29 pm | BusinessDesk
Aug. 21 (BusinessDesk) - New Zealand consumer confidence fell to a 10-month low in August, suggesting rising interest rates, weaker commodity prices and waning house price inflation are denting sentiment in an economy that may be growing at a slower ... More >>
UPDATE: Skellerup stock falls as earnings miss forecasts
Thursday, 21 August 2014, 11:46 am | BusinessDesk
Aug. 21 (BusinessDesk) - Shares in Skellerup Holdings declined after the industrial rubber goods maker missed analyst estimates for annual profit. More >>
Port of Tauranga posts 1.3% gain in FY profit as logs rise
Thursday, 21 August 2014, 11:29 am | BusinessDesk
Port of Tauranga posts 1.3% gain in full-year profit as container volumes fall, logs rise More >>
NZ annual migration at 11-year high in July
Thursday, 21 August 2014, 11:28 am | BusinessDesk
Aug. 21 (BusinessDesk) - New Zealand's annual migration extended its decade highs in July, with the inflow continuing to surpass Treasury and Reserve Bank expectations. More >>
CORRECT: Marsden Maritime censured over council vote
Thursday, 21 August 2014, 11:19 am | BusinessDesk
Aug. 21 (BusinessDesk) - Marsden Maritime Holdings, formerly known as Northland Port Corp, has been publicly censured by the stock market's disciplinary tribunal, which said Northland Regional Council was a related entity and shouldn't have participated ... More >>
Tenon returns to profit on US building activity
Thursday, 21 August 2014, 11:01 am | BusinessDesk
Tenon returns to profit on US building activity, will use surplus cash for share buyback More >>
AMP's NZ financial services lift 1H earnings 5% on KiwiSaver
Thursday, 21 August 2014, 10:49 am | BusinessDesk
Aug. 21 (BusinessDesk) - AMP's New Zealand financial services unit lifted first-half earnings as it increased KiwiSaver cashflows and boosted funds under management, while improving its margins. More >>
Skellerup doubles annual profit on quake payout
Thursday, 21 August 2014, 10:31 am | BusinessDesk
Aug. 21 (BusinessDesk) - Skellerup Holdings, the industrial rubber goods maker, more than doubled annual profit following an insurance payout from the Canterbury earthquakes. More >>
Marsden Maritime censured over council vote on fees
Thursday, 21 August 2014, 9:43 am | BusinessDesk
Aug. 21 (BusinessDesk) - Marsden Maritime Holdings, formerly known as Northland Port Corp, has been publicly censured by the stock market's disciplinary tribunal, which said Northland Regional Council was a related entity and shouldn't have participated ... More >>
NZ dollar falls as US dollar rises after upbeat FOMC minutes
Thursday, 21 August 2014, 8:37 am | BusinessDesk
Aug. 21 (BusinessDesk) - The New Zealand dollar declined as the US dollar strengthened after minutes to the Federal Reserve's last meeting were more upbeat than expected about the world's largest economy. More >>
While you were sleeping: Rate chatter rises
Thursday, 21 August 2014, 7:40 am | BusinessDesk
Aug 21 (BusinessDesk) - Wall Street advanced, while US Treasuries fell as investors await Federal Reserve Chair Janet Yellen’s speech this Friday at the annual gathering of the world’s top central bankers in Jackson Hole for her take on the outlook ... More >>
Ports of Auckland FY profit almost doubles as volumes rise
Thursday, 21 August 2014, 6:38 am | BusinessDesk
Aug. 20 (BusinessDesk) - Ports of Auckland posted a 90 percent gain in full-year profit, after lifting volumes of containers and breakbulk freight while reining in costs and using offsets to reduce its tax bill. More >>
MARKET CLOSE: NZ stocks rise; Fletcher, Trade Me gain
Wednesday, 20 August 2014, 6:03 pm | BusinessDesk
Aug. 20 (BusinessDesk) - New Zealand shares rose as Fletcher Building and Trade Me Group beat full-year profit guidance. Energy companies fell on weaker political polls ahead of next month's election. More >>
NZ dollar falls as greenback rises amid weak dairy, rates
Wednesday, 20 August 2014, 5:19 pm | BusinessDesk
NZ dollar falls as greenback rises; weak dairy, pause in rate hikes weigh on sentiment More >>
Colonial Motor Co FY profit soars 38% to record
Wednesday, 20 August 2014, 4:23 pm | BusinessDesk
Aug. 20 (BusinessDesk) - Colonial Motor Co, the car and tractor dealer, said annual profit rose 38 percent to a record amid growing sales of new vehicles. More >>
South Port posts record annual profit as volumes rise
Wednesday, 20 August 2014, 4:04 pm | BusinessDesk
Aug. 20 (BusinessDesk) - South Port New Zealand, the Bluff port operator, lifted annual profit 2.7 percent to a record as increased volumes of stock food and logs drove cargo growth. More >>
