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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 957]
NZ Dollar Outlook: Kiwi may consolidate amid geopolitics
Monday, 11 August 2014, 10:37 am | BusinessDesk
Aug. 11 (BusinessDesk) - The New Zealand dollar may consolidate around current levels as traders look overseas for direction in a week where geopolitics are likely to be the focus in the absence of major economic data. More >>
Vital Healthcare buys Perth-based hospital for A$13.5M
Monday, 11 August 2014, 10:28 am | BusinessDesk
Aug. 11 (BusinessDesk) - Vital Healthcare Property Trust, New Zealand’s largest listed medical and healthcare property investor, has bought a 31-bed psychiatric hospital in Perth, Western Australia, for A$13.5 million, as it looks to beef up ... More >>
NZX first-half profit rises 8.3% on jump in listings revenue
Monday, 11 August 2014, 9:14 am | BusinessDesk
Aug. 11 (BusinessDesk) - NZX posted an 8.3 percent increase in first-half profit as a flurry of listings drove revenue growth for the stock market operator. More >>
New Zealand dollar hovers at 200-day moving average
Monday, 11 August 2014, 8:35 am | BusinessDesk
Aug. 11 (BusinessDesk) - The New Zealand dollar hovered around its 200-day moving average of 84.60 US cents as traders mull whether its 3.9 percent decline over the past month was enough. More >>
World Week Ahead: Eyes on US consumer
Monday, 11 August 2014, 7:36 am | BusinessDesk
Aug. 11 (BusinessDesk) - Investors will watch the latest US retail sales data to gauge the strength of the American consumer, who accounts for more than two-thirds of the nation’s spending. More >>
MARKET CLOSE: NZ shares slump in global sell-off
Friday, 8 August 2014, 5:43 pm | BusinessDesk
MARKET CLOSE: NZ shares slump to four-month low in global sell-off, led by Kathmandu More >>
NZ dollar heads for 0.8% weekly fall on risk aversion
Friday, 8 August 2014, 5:07 pm | BusinessDesk
Aug. 8 (BusinessDesk) - The New Zealand dollar is heading for a 0.8 percent weekly decline as heightened geo-political tensions in Iraq and the Ukraine sap investors' appetite for risk-sensitive assets. More >>
Pacific Edge to seek increase in directors' fee pool
Friday, 8 August 2014, 4:09 pm | BusinessDesk
Aug. 8 (BusinessDesk) - Pacific Edge, the non-invasive bladder cancer test maker, will ask shareholders to approve a boost in fee pool used to pay directors at its annual meeting, and plans to to refresh its board and replace outgoing director Colin ... More >>
Acurity board backs redevelopment of Wakefield hospital
Friday, 8 August 2014, 3:23 pm | BusinessDesk
Aug. 8 (BusinessDesk) - The board of Acurity Health Group has backed a plan to redevelop its flagship Wakefield hospital in Wellington, an upgrade touted by potential buyers as the biggest hurdle facing the private hospital operator. More >>
Lateral Corp to list on NZAX before seeking $1.5 mln
Friday, 8 August 2014, 1:56 pm | BusinessDesk
Aug. 8 (BusinessDesk) - Lateral Corp, the mobile technology developer, will list on the New Zealand Alternative Index before tapping eligible investors for capital to fund growth in international markets. More >>
Hart's Reynolds scotches report asset sales precursor to IPO
Friday, 8 August 2014, 1:51 pm | BusinessDesk
Aug. 8 (BusinessDesk) - Reynolds Group Holdings chief executive Tom Degnan has scotched a report the global packaging empire is selling assets and repaying debt as a precursor to an initial public offering. More >>
Martin Aircraft taps investors for $5M ahead of planned IPO
Friday, 8 August 2014, 11:21 am | BusinessDesk
Martin Aircraft taps investors for $5M ahead of plans to raise as much as $20M in IPO More >>
Diligent lifts 1H profit 30%, raises annual revenue forecast
Friday, 8 August 2014, 10:39 am | BusinessDesk
Aug. 8 (BusinessDesk) - Diligent Board Member Services, the governance app maker forced to restate its accounts, lifted first-half profit 30 percent and has raised its expectations for annual revenue growth, as it embarks on winning over new industries. More >>
Summerset green-lights $130M Ellerslie village after consent
Friday, 8 August 2014, 10:26 am | BusinessDesk
Aug. 8 (BusinessDesk) - Summerset Group, New Zealand's third-largest listed retirement village operator, will develop a $130 million village in the Ellerslie suburb of Auckland to accommodate 400 people after being granted resource consent. More >>
NZ dollar advances vs. euro as ECB keeps policy loose
Friday, 8 August 2014, 8:34 am | BusinessDesk
Aug. 8 (BusinessDesk) - The New Zealand dollar gained against the euro after the European Central Bank said it would keep interest rates at record lows and loose policy will remain in place for an extended period, widening the divergence with ... More >>
While you were sleeping: Equities slump
Friday, 8 August 2014, 7:36 am | BusinessDesk
Aug 8 (BusinessDesk) – Wall Street fell as concern about the intensifying tension between the West and Russia over Ukraine overshadowed better-than-expected US jobs data and American corporate earnings including from 21st Century Fox. More >>
UPDATE: Brian Henry admits market manipulation charges
Thursday, 7 August 2014, 6:34 pm | BusinessDesk
Aug. 7 (BusinessDesk) - Brian Henry, a venture capitalist who helped found Diligent Board Member Services, has admitted breaches of the Securities Markets Act by manipulating the company's shares in early 2010. More >>
Turners & Growers 1H profit falls 39%, one-off events blamed
Thursday, 7 August 2014, 5:46 pm | BusinessDesk
Aug. 7 (BusinessDesk) - Turners & Growers, the fruit marketer controlled by Germany's BayWa, reported a 39 percent drop in first-half earnings, saying profitability had been hurt by a series of one-off events including a supply shortage. More >>
MARKET CLOSE: NZ stocks mixed as investors hunt yield
Thursday, 7 August 2014, 5:45 pm | BusinessDesk
Aug. 7 (BusinessDesk) - New Zealand stocks were mixed as investors hunting yield kept a lid on international selling pressure. Meridian Energy led the benchmark index, paced by Telecom Corp and Tower. More >>
NZ dollar gains vs. A$ as Australian jobless rate climbs
Thursday, 7 August 2014, 5:04 pm | BusinessDesk
Aug. 7 (BusinessDesk) - The New Zealand dollar rose against its trans-Tasman counterpart after government figures showed Australian unemployment rose to a decade high in July. More >>
