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 965]
Canadian Lynx Platinum wins South Island platinum explorati
Thursday, 24 July 2014, 1:53 pm | BusinessDesk
Jul. 24 (BusinessDesk) - Taranaki oil and gas explorer Tag Oil, of Canada, is expanding into the New Zealand minerals sector through its 49 percent ownership of a listed Canadian explorer, Coronado Resources, which has been awarded New Zealand five mineral ... More >>
NZ Post give network services contract to Vodafone
Thursday, 24 July 2014, 1:10 pm | BusinessDesk
NZ Post give network services contract to Vodafone, aiming to cut $19.2M annual spend More >>
National signals short election campaign with Aug 23 launch
Thursday, 24 July 2014, 12:38 pm | BusinessDesk
July 24 (BusinessDesk) - The governing National Party will campaign for re-election for just four weeks before polling day, Sept 20. More >>
FMA satisfied with 'pre-offer' talks before prospectuses
Thursday, 24 July 2014, 11:23 am | BusinessDesk
July 24 (BusinessDesk) - The Financial Markets Authority sees no need to regulate how issuers and their book runners communicate with institutional investors prior to a prospectus being registered after criticism offer documents were issued too ... More >>
NZ posts eighth monthly trade surplus in June
Thursday, 24 July 2014, 10:53 am | BusinessDesk
July 24 (BusinessDesk) - New Zealand posted its eighth monthly trade surplus in June, led by overseas demand for the nation’s primary products such as milk powder, frozen beef and kiwifruit. More >>
Sealord appoints ex-McCain Food's exec Yung as new CEO
Thursday, 24 July 2014, 10:41 am | BusinessDesk
July 24 (BusinessDesk) - Sealord Group has appointed former McCain Foods boss Steve Yung as its new chief executive, replacing Graham Stuart who is leaving after seven years in charge of New Zealand's second-largest fishing company. More >>
NZ dollar falls after RBNZ says kiwi strength 'unjustified'
Thursday, 24 July 2014, 9:49 am | BusinessDesk
July 24 (BusinessDesk) - The New Zealand dollar shed almost one cent against the US dollar to a six-week low after Reserve Bank governor Graeme Wheeler said the currency's strength was "unjustified", invoking one of the central bank's criteria ... More >>
RBNZ hikes OCR to 3.5%, ‘period of assessment’ now needed
Thursday, 24 July 2014, 9:09 am | BusinessDesk
July 24 (BusinessDesk) - Reserve Bank governor Graeme Wheeler raised the official cash rate as expected, while signalling a pause in rate hikes to assess the impact of moves so far this year. The kiwi dollar sank after Wheeler said its strength was ... More >>
NZ dollar little changed as investors await Reserve Bank
Thursday, 24 July 2014, 8:20 am | BusinessDesk
July 24 (BusinessDesk) - The New Zealand dollar is little changed as investors are reluctant to take positions ahead of the Reserve Bank's decision on interest rates this morning. More >>
While you were sleeping: Apple bolsters optimism
Thursday, 24 July 2014, 7:47 am | BusinessDesk
July 24 (BusinessDesk) - Wall Street was mixed, as investors digested the latest quarterly earnings including from Apple and Boeing, amid ongoing concern about violence in Ukraine and Gaza. More >>
Xero sees 80% revenue growth this year, Intuit 'spooked'
Wednesday, 23 July 2014, 7:22 pm | BusinessDesk
Jul. 23 (BusinessDesk) - Cloud accounting software firm Xero updated shareholders at the annual meeting with a forecast of 80 percent revenue growth in the current financial year in constant dollar terms, and founder chief executive Rod Drury danged ... More >>
MARKET CLOSE: NZ shares gain, led by blue-chip stocks
Wednesday, 23 July 2014, 5:56 pm | BusinessDesk
July 23 (BusinessDesk) - New Zealand shares gained, led by blue-chip stocks such as Sky Network Television, after the latest high-tech initial public offer fizzled with shares of ikeGPS sinking below its sale price. More >>
NZ dollar extends drop vs. A$ after Australian CPI
Wednesday, 23 July 2014, 5:09 pm | BusinessDesk
July 23 (BusinessDesk) - The New Zealand dollar extended its decline against its trans-Tasman counterpart after Australian government figures showed annual inflation accelerated to its fastest pace in four years, and ahead of the Reserve Bank of New ... More >>
English says NZ dollar 'unsustainably high'
Wednesday, 23 July 2014, 3:09 pm | BusinessDesk
July 23 (BusinessDesk) - Finance Minister Bill English said the New Zealand dollar, which hit a record on a trade-weighted basis this year, is "unsustainably high". More >>
UPDATE: IkeGPS shares drop 14% in debut on tech-flooded NZX
Wednesday, 23 July 2014, 2:27 pm | BusinessDesk
July 23 (BusinessDesk) - Shares of IkeGPS Group, which makes portable measuring devices, slid about 14 percent in their debut on the NZX, where investors are spoiled for choice among tech companies. More >>
Griffin's to ramp up exports under new ownership, CEO says
Wednesday, 23 July 2014, 1:53 pm | BusinessDesk
July 23 (BusinessDesk) - Griffin's Foods, the maker of Gingernuts and Eta brand snacks, plans to lift exports to more than 50 percent of sales within five years by leveraging new owner Universal Robina Corp's links in southeast Asia, says incoming chief executive ... More >>
IkeGPS shares first trade at $1, shedding 9.1% vs. IPO price
Wednesday, 23 July 2014, 12:06 pm | BusinessDesk
July 23 (BusinessDesk) - Shares of IkeGPS Group fell 9.1 percent in their NZX debut after the portable measuring devices maker raised $25 million in new capital to build a sales force and develop its products. More >>
Postie Plus brand gets 2nd chance with well-funded Pepkor
Wednesday, 23 July 2014, 11:29 am | BusinessDesk
July 23 (BusinessDesk) - The Postie Plus brand is getting a new lease of life after South Africa's Pepkor bought the failed retailer's assets out of administration and said it will use its purchasing power to reduce costs of stock and fatten margins. More >>
Fonterra to lay off up to 110 staff at Waikato packing plant
Wednesday, 23 July 2014, 11:23 am | BusinessDesk
July 23 (BusinessDesk) - Fonterra Cooperative Group, the world's biggest dairy exporter, may lay off a third of its workers at the Canpac packing facility in Waikato, which it plans to focus on paediatric nutritional products. More >>
NZ dollar drops near six week low vs. Aussie
Wednesday, 23 July 2014, 8:47 am | BusinessDesk
NZ dollar drops near six week low vs. Aussie after RBA's Stevens stays mum on currency More >>
