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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 956]
Lightning Lab start-ups raise $2.2 mln in seed investment
Tuesday, 12 August 2014, 11:22 am | BusinessDesk
Aug. 12 (BusinessDesk) – Five of the nine start-ups to go through Lightning Lab’s digital accelerator programme have raised a combined $2.2 million of seed funding, more than what they were seeking at a demonstration day in May. More >>
NZ guest nights slip from three-year high in June
Tuesday, 12 August 2014, 11:16 am | BusinessDesk
Aug. 21 (BusinessDesk) – New Zealand guest nights fell 4.4 percent in June from a three-year high in May, as domestic overnight stays recorded the biggest drop off in 14 months. More >>
Westpac NZ boss Peter Clare resigns after heart surgery
Tuesday, 12 August 2014, 10:19 am | BusinessDesk
Aug. 12 (BusinessDesk) – Westpac Banking Corp’s New Zealand chief executive Peter Clare has resigned to recover from major heart surgery. More >>
Summerset first-half profit growth slows
Tuesday, 12 August 2014, 9:58 am | BusinessDesk
Summerset first-half profit growth slows as focus turns to investment in villages ahead of sales More >>
Wrightson returns to profit after year-earlier impairment
Tuesday, 12 August 2014, 9:47 am | BusinessDesk
Aug. 12 (BusinessDesk) - PGG Wrightson, the rural services firm controlled by China’s Agria Corp, posted an annual profit after a year-earlier loss driven by a historical impairment, and held off making a forecast for 2015 because of volatile dairy prices. More >>
NZ dollar fails to budge from key level in aimless market
Tuesday, 12 August 2014, 8:34 am | BusinessDesk
NZ dollar fails to budge from key 84.60 US cent level in directionless market More >>
While you were sleeping: Wall Street moves higher
Tuesday, 12 August 2014, 7:32 am | BusinessDesk
Aug 12 (BusinessDesk) - Wall Street advanced as geopolitical concerns eased, allowing investors to shift their attention to better-than-expected US corporate earnings and rising optimism about the outlook for the world’s largest economy. More >>
MARKET CLOSE: NZ stocks mixed as investors wait on earnings
Monday, 11 August 2014, 5:31 pm | BusinessDesk
MARKET CLOSE: NZ stocks mixed as investors wait on earnings, NZX gains on 1H lift More >>
NZ dollar little changed, eschews risk aversion
Monday, 11 August 2014, 5:20 pm | BusinessDesk
Aug. 11 (BusinessDesk) - The New Zealand dollar was little changed as the currency's relatively attractive yield helped underpin the currency in the face of heightened risk aversion among investors. More >>
VMob adds Japan to line-up of McDonald's clients
Monday, 11 August 2014, 5:18 pm | BusinessDesk
Aug. 11 (BusinessDesk) - VMob Group said McDonald's will use its mobile voucher platform for its 3,200 restaurants in Japan, adding to sales to the fast-food giant in the Netherlands and Sweden. More >>
Key pulls back on RMA reform detente talk
Monday, 11 August 2014, 4:32 pm | BusinessDesk
Aug. 11 (BusinessDesk) - Prime Minister John Key says the National Party is determined to include economic growth and infrastructure in the purpose clauses of the Resource Management Act, despite weekend reports that he is willing to seek a "less confrontational ... More >>
UPDATE: Vista gains 8.5% on first day of trading
Monday, 11 August 2014, 4:16 pm | BusinessDesk
UPDATE: Vista gains 8.5% on first day of trading, eyes emerging markets for growth More >>
Renaissance shareholders back wind-up, liquidator appointed
Monday, 11 August 2014, 3:25 pm | BusinessDesk
Aug. 11 (BusinessDesk) - Shareholders in Renaissance Corp have backed a resolution to wind-up the failed retailer and education group, and have appointed a liquidator to the company. More >>
UPDATE: NZX boost first-half profit on listings surge
Monday, 11 August 2014, 3:22 pm | BusinessDesk
UPDATE: NZX boost first-half profit on listings surge, sees similar gain for full-year More >>
A2 Milk-backed research shows A2 protein kinder on stomachs
Monday, 11 August 2014, 2:54 pm | BusinessDesk
Aug. 11 (BusinessDesk) - A2 Milk, which is facing copycat health claims about the A2 beta-casein protein variant in its largest market of Australia, has released a study suggesting the protein doesn't provoke digestive discomfort the way the more ... More >>
Brewer seeking crowd-funding cancels shareholders' dividends
Monday, 11 August 2014, 2:37 pm | BusinessDesk
Aug. 11 (BusinessDesk) - Shareholders in Renaissance Brewing company, the first business to seek equity through crowd-funding in New Zealand, have cancelled their claim on $147,000 of accumulated earnings "to make Renaissance a more attractive investment ... More >>
Orion edges closer to going public, hiring 'IPO comms' firm
Monday, 11 August 2014, 12:11 pm | BusinessDesk
Aug. 11 (BusinessDesk) - Orion Health, whose cloud-based software manages patient data for some 300,000 clinicians worldwide, gave another hint it plans to go public this year, hiring a corporate public relations firm that has specialised in initial ... More >>
JB Hi-Fi's NZ sales edge up in 2014, earnings gain 35%
Monday, 11 August 2014, 11:57 am | BusinessDesk
Aug. 11 (BusinessDesk) - Australian discount consumer electronics chain JB Hi-Fi's New Zealand sales edged up 0.9 percent in the 2014 financial year, lagging the group's gains, though local earnings still climbed 35 percent. More >>
Vista shares debut at $2.40 on NZX, a 3.1% gain from IPO
Monday, 11 August 2014, 11:35 am | BusinessDesk
Vista shares debut at $2.40 on NZX, a 3.1% gain from IPO price More >>
NZ core retail spending on credit, debit cards rises in July
Monday, 11 August 2014, 11:10 am | BusinessDesk
NZ core retail spending on credit, debit rises in July, on gains in durables, apparel and consumables More >>
