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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 952]
NZ inflation expectations dwindle as shine taken off economy
Tuesday, 19 August 2014, 4:25 pm | BusinessDesk
Aug. 19 (BusinessDesk) - New Zealand businesses see a tamer track for inflation over the next two years as they trim their expectations for economic growth, suggesting the central bank doesn't have to rush to raise interest rates again. More >>
IAG's New Zealand unit boosts annual profit 56%
Tuesday, 19 August 2014, 2:05 pm | BusinessDesk
Aug. 19 (BusinessDesk) - Insurance Australia Group's New Zealand unit, the nation's largest general insurer, boosted annual profit 56 percent after hiking household premiums, increasing customer sales through the internet and as a higher local currency ... More >>
Sir Ralph Norris to take up Fletcher chair in October
Tuesday, 19 August 2014, 1:50 pm | BusinessDesk
Aug. 19 (BusinessDesk) - Sir Ralph Norris, the former head of Commonwealth Bank of Australia, will take the chair of Fletcher Building in October, replacing the retiring Ralph Waters. More >>
Transpacific Industries returns to annual profit
Tuesday, 19 August 2014, 12:57 pm | BusinessDesk
Aug. 19 (BusinessDesk) - Transpacific Industries Group, the Queensland-based waste-management company, returned to profit and will resume paying dividends after a six-year pause after using proceeds from asset sales to repay debt. More >>
Falling commodity prices take heat out of NZ economy: Prefu
Tuesday, 19 August 2014, 12:04 pm | BusinessDesk
Aug. 19 (BusinessDesk) - This year's drop in global dairy and log prices has slowed the pace of the New Zealand economy earlier than expected, while lower than anticipated GST receipts are likely to trim the projected government surplus, according to the ... More >>
Prefu shows National’s economic credentials intact
Tuesday, 19 August 2014, 12:03 pm | BusinessDesk
Aug. 19 (BusinessDesk) - The National government heads into the election with its Budget surplus target broadly intact, delivering a set of economic and fiscal forecasts marginally revised from May to reflect weaker commodity prices and a lower tax take. More >>
PPI falls in the second quarter as dairy prices decline
Tuesday, 19 August 2014, 11:37 am | BusinessDesk
Aug. 19 (BusinessDesk) - New Zealand producers' input and output prices fell in the second quarter of this year as dairy prices declined. More >>
PPI falls in the second quarter as dairy prices decline
Tuesday, 19 August 2014, 11:36 am | BusinessDesk
Aug. 19 (BusinessDesk) - New Zealand producers' input and output prices fell in the second quarter of this year as dairy prices declined. More >>
Phosphate miner cries foul over 'premature' EPA report
Tuesday, 19 August 2014, 10:20 am | BusinessDesk
Aug. 19 (BusinessDesk) - Chatham Rock Phosphate is crying foul over the publication of a report by staff at the Environmental Protection Authority concluding it cannot recommend approval for the company's proposed seabed mining operation, saying the ... More >>
Pyne Gould says full-year profit fell to $20 mln
Tuesday, 19 August 2014, 9:13 am | BusinessDesk
Aug. 19 (BusinessDesk) - Pyne Gould Corp, the Guernsey-based asset management firm controlled by George Kerr, said full-year profit was less than half its result in 2013, when it took one-time gains from the sale of assets. More >>
NZ dollar falls as falling milk prices put auction in focus
Tuesday, 19 August 2014, 8:51 am | BusinessDesk
Aug. 19 (BusinessDesk) - The New Zealand dollar fell as increased focus on the upcoming Fonterra Cooperative Group online dairy auction keeps the local currency under pressure. More >>
While you were sleeping: US builders gain confidence
Tuesday, 19 August 2014, 7:36 am | BusinessDesk
Aug 19 (BusinessDesk) - Wall Street climbed amid better-than-expected confidence among US home builders and a bidding war over Family Dollar Stores. More >>
MARKET CLOSE: NZ shares fall as polls weigh on utilities
Monday, 18 August 2014, 5:43 pm | BusinessDesk
Aug. 18 (BusinessDesk) - New Zealand shares fell, paced by power companies, as political polls showing declining support weigh on regulated utilities in a thinly traded market. More >>
Blow for Chatham Rise phosphate mining bid
Monday, 18 August 2014, 5:33 pm | BusinessDesk
Aug. 18 (BusinessDesk) - The Environmental Protection Authority says it cannot recommend in favour of a proposal to mine phosphate nodules from the seabed on the Chatham Rise, saying there are too many uncertainties about the environmental impacts of ... More >>
NZ dollar holds below 85 US cents as dairy auction looms
Monday, 18 August 2014, 5:12 pm | BusinessDesk
Aug. 18 (BusinessDesk) - The New Zealand dollar was little changed below 85 US cents as a lack of local data had traders watching geopolitical tensions in Ukraine and the Middle East while awaiting the next GlobalDairyTrade auction to see if dairy ... More >>
UPDATED: Freightways stock rises to 3-week high on earnings
Monday, 18 August 2014, 4:48 pm | BusinessDesk
Aug. 18 (BusinessDesk) - Freightways stock rose to the highest in more than three weeks after New Zealand’s largest listed courier and data management company posted record full-year earnings, allowing it to pay its highest-ever dividend, and said ... More >>
Opus International 1H profit rises 6% on Canada contribution
Monday, 18 August 2014, 4:29 pm | BusinessDesk
Aug. 18 (BusinessDesk) - Opus International Consultants, the engineering firm, reported a 6 percent gain in first-half profit, reflecting the contribution from the Stewart Weir business acquired in 2013, which drove a jump in earnings in Canada. More >>
Lateral Corp jumps 75% on debut in thinly traded compliance
Monday, 18 August 2014, 3:15 pm | BusinessDesk
Aug. 18 (BusinessDesk) - Shares of mobile payments company Lateral Corp jumped 75 percent in a thinly traded debut on the NZX's small-cap Alternative Market, ahead of a planned private placement in coming months. More >>
Contact Energy mulling capital return to shareholders
Monday, 18 August 2014, 1:18 pm | BusinessDesk
Aug. 18 (BusinessDesk) - Contact Energy directors are actively considering a capital return to shareholders as the company emerges from a five year, $2 billion programme of investment in new power stations and IT systems and enters a period of increasingly ... More >>
NZ service sector expands in July, holding above average
Monday, 18 August 2014, 11:04 am | BusinessDesk
Aug. 18 (BusinessDesk) - New Zealand service sector activity grew at a faster pace in July, holding above its long-term average, and fuelling firms' appetite to invest back into their business. More >>
