Scoop has an Ethical Paywall
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 962]
OceanaGold posts first-half profit on strong first-quarter
Thursday, 31 July 2014, 10:22 am | BusinessDesk
July 31 (BusinessDesk) - OceanaGold, which operates the Macraes goldfield in Otago, posted a first-half profit as its Didipio operation in the Philippines helped lift first-quarter earnings to a record, making up for a small loss in the second quarter ... More >>
NZ dollar slides to eight-week low on strong US GDP
Thursday, 31 July 2014, 9:04 am | BusinessDesk
NZ dollar slides to eight-week low as US dollar jumps on better second-quarter growth More >>
While you were sleeping: US economy gathers steam
Thursday, 31 July 2014, 7:32 am | BusinessDesk
July 31 (BusinessDesk) - Wall Street was mixed after the US economy kicked into a higher-than-expected gear in the second-quarter while Federal Reserve policy makers reminded investors that the nation’s jobs and housing markets remain weaker than ... More >>
MARKET CLOSE: NZ shares fall led by Telecom
Wednesday, 30 July 2014, 6:01 pm | BusinessDesk
July 30 (BusinessDesk) - New Zealand shares fell for a third day led lower by Telecom Corp after an analyst's report this week downgraded the stock to a 'sell'. Units in the Fonterra Shareholders' Fund rose after Fonterra Cooperative Group yesterday ... More >>
NZ dollar holds near 7-week low as US GDP, FOMC loom
Wednesday, 30 July 2014, 5:34 pm | BusinessDesk
July 30 (BusinessDesk) - The New Zealand dollar held near a seven-week low as traders await figures expected to show US economic growth is back on track and the results of the Federal Reserve's monetary policy review, which may hint at a better outlook. More >>
Trade Me tweaks real estate listing fee to placate agents
Wednesday, 30 July 2014, 4:10 pm | BusinessDesk
July 30 (BusinessDesk) - Trade Me has added a monthly listing subscription fee option for realtors after some agents baulked at the online auction site's move to pay-per-listing fees. More >>
Auckland Airport may value land as high as $2.7 billion
Wednesday, 30 July 2014, 2:37 pm | BusinessDesk
Auckland Airport may value land as high as $2.7 billion, up $745 million from 2011 More >>
China acquisition to underpin Methven profit growth
Wednesday, 30 July 2014, 1:33 pm | BusinessDesk
July 30 (BusinessDesk) - Methven is counting on its new Chinese manufacturer to secure its supply and grow the company's profitability as the tap and shower maker targets up to 25 percent earnings growth this year. More >>
UPDATE: NZ building consents on the rise
Wednesday, 30 July 2014, 1:27 pm | BusinessDesk
July 30 (BusinessDesk) - New Zealand building consents increased at the fastest pace in three months in June, rising a seasonally adjusted 3.5 percent, led by a surge in Canterbury. More >>
NZ banks set to stay profitable, Moody's says
Wednesday, 30 July 2014, 1:11 pm | BusinessDesk
July 30 (BusinessDesk) - New Zealand's banks should be able to maintain their strong levels of profitability, even as mounting competition puts pressure on their margins, according to ratings agency Moody's Investors Service. More >>
NZ govt to take control of Novopay school payroll system
Wednesday, 30 July 2014, 12:43 pm | BusinessDesk
NZ govt to take control of Novopay school payroll system, receive as much as $22M settlement More >>
UPDATE: Metroglass shares gain 4.1% on NZX debut
Wednesday, 30 July 2014, 12:39 pm | BusinessDesk
July 30 (BusinessDesk) - Shares of Metro Performance Glass, New Zealand's largest glass processor, advanced 4.1 percent in early trading on their NZX debut, as investors looked for easy-to-value businesses with ready dividends in a stock market busy with ... More >>
NZ building permits rose at fastest pace in 3 months in June
Wednesday, 30 July 2014, 11:44 am | BusinessDesk
July 30 (BusinessDesk) - New Zealand building consents increased at the fastest pace in three months in June, rising a seasonally adjusted 3.5 percent, as apartment developments rebounded. More >>
Metroglass shares debut at $1.75, for 2.9% gain from IPO
Wednesday, 30 July 2014, 11:35 am | BusinessDesk
July 30 (BusinessDesk) - Shares of Metro Performance Glass rose 2.9 percent on their NZX debut, after a $244.2 million initial public offer which saw private equity owners Crescent Capital and Anchorage Capital reduce their ownership to an 18.5 percent ... More >>
Westland Milk follows Fonterra in slashing payout forecast
Wednesday, 30 July 2014, 9:17 am | BusinessDesk
July 30 (BusinessDesk) - Westland Milk Products, the Hokitika-based dairy cooperative, has followed Fonterra Cooperative Group in cutting its forecast payout for the 2015 season, citing weaker global dairy prices and high New Zealand dollar. More >>
NZ dollar falls below 85 US cts after Fonterra cuts payout
Wednesday, 30 July 2014, 8:47 am | BusinessDesk
July 30 (BusinessDesk) - The New Zealand dollar dropped below 85 US cents for the first time in seven weeks after Fonterra Cooperative Group cut its forecast payout to dairy farmers and a stronger US currency saw the kiwi lose some of its allure. More >>
While you were sleeping: Caution prevails
Wednesday, 30 July 2014, 7:14 am | BusinessDesk
July 30 (BusinessDesk) - Wall Street was flat in cautious trading, with sentiment bolstered by corporate earnings including from Merck and news that Windstream can spin off its telecommunications assets into a tax-lowering real estate investment ... More >>
Growth in global milk pool 'unusual,' says Spierings
Tuesday, 29 July 2014, 6:19 pm | BusinessDesk
July 29 (BusinessDesk) - The global market for dairy products have been in the unusual situation where most producers have been lifting supply, while demand weakened in China, Southeast Asia and the Middle East, says Fonterra Cooperative Group chief ... More >>
Tenon to supply Masters Home Improvement stores in Australia
Tuesday, 29 July 2014, 6:17 pm | BusinessDesk
July 29 (BusinessDesk) - Tenon, whose locally produced wood mouldings are sold in the US, will expand its business across the Tasman, supplying the Woolworths and Lowe's Home Improvement joint venture Masters Home Improvement stores. More >>
MARKET CLOSE: NZ stocks fall led by Telecom; Fonterra gains
Tuesday, 29 July 2014, 5:47 pm | BusinessDesk
July 29 (BusinessDesk) - New Zealand shares fell led by Telecom Corp after an analyst's report cut the stock's target price ahead of its name change next week. Units in the Fonterra Shareholders' Fund rose after Fonterra Cooperative Group slashed its ... More >>
