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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 954]
NZ dollar gains as local economy seen outperforming
Friday, 15 August 2014, 8:33 am | BusinessDesk
Aug. 15 (BusinessDesk) - The New Zealand dollar popped above 85 US cents as better than expected data contrasted with weaker economic reports in the US and Europe, enhancing the lure of local assets. More >>
While you were sleeping: Euro-zone GDP stalls
Friday, 15 August 2014, 7:45 am | BusinessDesk
Aug 15 (BusinessDesk) - Equities on both sides of the Atlantic advanced amid expectations that central banks will remain more accommodating than previously expected to help spur the pace of recovery and counter the impact of international conflict. More >>
MARKET CLOSE: NZ shares rise on Nuplex earnings
Thursday, 14 August 2014, 5:44 pm | BusinessDesk
Aug. 14 (BusinessDesk) - New Zealand shares rose after Nuplex Industries beat expectations for its full-year earnings. Vital Healthcare Property Trust paced the advance, while on the NZ Alternative Index, Pushpay soared 48 percent in its debut after a compliance ... More >>
NZ dollar gains after retail sales beats expectations
Thursday, 14 August 2014, 5:22 pm | BusinessDesk
Aug. 14 (BusinessDesk) - The New Zealand dollar gained after government figures showed better-than-expected consumer spending in the second quarter, stoking optimism about the strength of the local economy. More >>
Transpower posts drop in full-year profit after big upgrades
Thursday, 14 August 2014, 4:33 pm | BusinessDesk
Aug. 14 (BusinessDesk) - State-owned monopoly Transpower, operator of the national electricity grid, has reported an 18 percent drop in full-year profit, reflecting higher depreciation and interest costs following completion of major grid upgrades. More >>
UPDATE: Pushpay jumps 50% in first trade on NZAX
Thursday, 14 August 2014, 3:48 pm | BusinessDesk
Aug. 14 (BusinessDesk) - Shares of Pushpay jumped as much as 50 percent as investors snapped up the handful of shares on offer after the mobile payment app company's compliance listing on the NZX Alternative Index. More >>
Sam Morgan builds 5% stake in Wynyard Group
Thursday, 14 August 2014, 2:00 pm | BusinessDesk
Aug. 14 (BusinessDesk) - Sam Morgan, who made his fortune when Trade Me was sold to Fairfax Media, has built a substantial shareholding in security software developer Wynyard Group after buying on-market yesterday. More >>
UPDATE: NZ retail sales rise 1.2% in second quarter
Thursday, 14 August 2014, 12:41 pm | BusinessDesk
UPDATE: NZ retail sales rise 1.2% in second quarter, led by demand for vehicles More >>
Fairfax Media reverses slide in NZ earnings
Thursday, 14 August 2014, 12:19 pm | BusinessDesk
Fairfax Media reverses slide in NZ earnings as cost cuts offset drop in ads, circulation More >>
Court of Appeal adjourns Dotcom hearing for talks
Thursday, 14 August 2014, 11:36 am | BusinessDesk
Aug. 14 (BusinessDesk) - The Crown and Kim Dotcom continued their tussle over the internet tycoon's seized electronic information in the Court of Appeal today, which adjourned the hearing to let the lawyers try and reach an agreement for the return ... More >>
Pushpay lists on NZAX at $1 after $9 million capital raise
Thursday, 14 August 2014, 11:25 am | BusinessDesk
Aug. 14 (BusinessDesk) - Pushpay, the mobile payment app company, has debuted on the New Zealand Alternative Index at $1, after raising new equity in a private share offer to fund international growth plans. More >>
NZ manufacturing activity ebbs in July
Thursday, 14 August 2014, 11:09 am | BusinessDesk
Aug. 14 (BusinessDesk) - New Zealand manufacturing activity fell in July while remaining in expansion for the 22nd straight month as an increase in new orders made up for a dip in production and employment. More >>
Vital Healthcare lifts profit 7.8% on revaluation gains
Thursday, 14 August 2014, 10:58 am | BusinessDesk
Aug. 14 (BusinessDesk) - Vital Healthcare Property Trust, New Zealand’s largest listed medical and healthcare property investor, said annual profit rose 7.8 percent as it recognised a $4.9 million revaluation gain in its portfolio. More >>
NZ retail sales rise 1.2% in second quarter, led by vehicles
Thursday, 14 August 2014, 10:54 am | BusinessDesk
Aug. 14 (BusinessDesk) - New Zealand retail sales rose more than expected in the second quarter, as vehicle sales increased at the fastest pace in two years. More >>
Infratil agrees to sell stake in PayGlobal to MYOB
Thursday, 14 August 2014, 10:22 am | BusinessDesk
Aug. 14 (BusinessDesk) - Infratil has agreed to sell its 54 percent stake in shareholding in PayGlobal to MYOB Finance NZ as part of MYOB's takeover of the payroll and HR management software firm. More >>
Nuplex posts 18% profit gain on lift in Asia, Europe
Thursday, 14 August 2014, 10:02 am | BusinessDesk
Nuplex posts 18% gain in full-year profit on lift in Asia, Europe resin margins More >>
NZ dollar gains vs. British pound on lower BoE wage forecast
Thursday, 14 August 2014, 8:34 am | BusinessDesk
NZ dollar gains vs. British pound as lower BoE wage forecast pulls back rate bets More >>
While you were sleeping: US retail sales stall
Thursday, 14 August 2014, 7:42 am | BusinessDesk
Aug 14 (BusinessDesk) - US stocks and bonds gained after weaker-than-expected retail sales data suggested the Federal Reserve might hold off raising interest rates. More >>
Hager links PM, Whaleoil in pre-election Dirty Politics book
Wednesday, 13 August 2014, 7:33 pm | BusinessDesk
Aug. 13 (BusinessDesk) - A member of Prime Minister John Key's press office, Jason Ede, hacked into Labour Party computers and stole donor and membership information, according to a new book by political journalist and activist Nicky Hager. More >>
MARKET CLOSE: NZ stocks fall; GPG drops on pension woes
Wednesday, 13 August 2014, 5:30 pm | BusinessDesk
MARKET CLOSE: NZ stocks fall; GPG drops on pension woes, SkyCity climbs on hotel plans More >>
