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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 966]
While you were sleeping: Wall Street hits record
Wednesday, 23 July 2014, 7:25 am | BusinessDesk
July 23 (BusinessDesk) - Wall Street rose, pushing the S&P 500 Index to a record high, as investors opted to focus on better-than-expected earnings from companies including Comcast and Chipotle Mexican Grill as well as solid inflation and housing ... More >>
MARKET CLOSE: NZ stocks mixed; A2 gains on China licence
Tuesday, 22 July 2014, 5:45 pm | BusinessDesk
July 22 (BusinessDesk) - New Zealand shares were mixed, with the NZX 50 Index edging higher while more stocks fell. A2 Milk Co rose after securing a licence to export infant formula to China, while other so-called growth companies Pacific Edge and ... More >>
NZ dollar slips before US CPI as OCR review looms
Tuesday, 22 July 2014, 5:11 pm | BusinessDesk
July 22 (BusinessDesk) - The New Zealand dollar fell before the release of US consumer prices for June, amid speculation inflation in the world's biggest economy may have accelerated enough to bring forward the timing of interest rate hikes. More >>
RBNZ sees review of bank, non-bank regs complete by Sept 15
Tuesday, 22 July 2014, 5:01 pm | BusinessDesk
July 22 (BusinessDesk) - The Reserve Bank says it will complete a stock-take of regulations covering banks and non-bank deposit takers by September next year to ensure they're as streamlined as possible given the layers of complexity added with the Basel III ... More >>
Oceania Living mulls listing in midst of rest home boom
Tuesday, 22 July 2014, 1:36 pm | BusinessDesk
July 22 (BusinessDesk) - Oceania Living, the retirement village operator owned by funds associated with Macquarie Group, is mulling a public listing, raising funds in a sector that's in the midst of a building boom aimed at capitalising on an aging ... More >>
Electricity Authority seeks protection for small retailers
Tuesday, 22 July 2014, 12:20 pm | BusinessDesk
July 22 (BusinessDesk) - Power companies face new restrictions on the widespread practice of "saving" and "winning back" customers who've decided to switch to another retailer for a more competitive offer, under new rules the Electricity ... More >>
UPDATE: A2 Milk shares rise from 15-mth low on China licence
Tuesday, 22 July 2014, 10:34 am | BusinessDesk
UPDATE: A2 Milk shares bounce from 15-month low on Chinese licence; Synlait still waiting More >>
Regulator's draft view trims returns for network monopolies
Tuesday, 22 July 2014, 10:29 am | BusinessDesk
Regulator's draft view on monopoly networks would be $33M a year win for consumers More >>
A2 Milk secures Chinese licence, Synlait still waiting
Tuesday, 22 July 2014, 10:00 am | BusinessDesk
July 22 (BusinessDesk) - A2 Milk Co, which markets milk with a protein variant said to have health benefits, has won Chinese regulatory approval to export its a2 Platinum infant formula and says its milk processor Synlait Milk continues to wait for registration. More >>
Moa boosts first quarter sales, expects higher margins
Tuesday, 22 July 2014, 9:44 am | BusinessDesk
July 22 (BusinessDesk) - Moa Group, the unprofitable boutique beer maker, increased first quarter sales volumes 95 percent after moving to a more direct distribution structure in New Zealand, its largest market. More >>
Chorus services 'cynical attempt' to dodge rules: CallPlus
Tuesday, 22 July 2014, 9:15 am | BusinessDesk
July 22 (BusinessDesk) - The Commerce Commission will investigate a claim Chorus's plans to deliver broadband services outside the current terms of regulation are still captured by the legislation and breach the Telecommunications Act. More >>
NZ dollar slips ahead of RBNZ's OCR review
Tuesday, 22 July 2014, 8:42 am | BusinessDesk
July 22 (BusinessDesk) - The New Zealand dollar slipped as investors weigh the negative signs of a slowing economy against the lure of rising interest rates. More >>
While you were sleeping: Eyes on Ukraine, Gaza conflicts
Tuesday, 22 July 2014, 7:38 am | BusinessDesk
July 22 (BusinessDesk) - Equities fell on both sides of the Atlantic as concern about the potential impact of intensifying tensions in Ukraine and Gaza overshadowed US second-quarter earnings. More >>
MARKET CLOSE:NZ shares rise as earnings loom; Air NZ gains
Monday, 21 July 2014, 5:59 pm | BusinessDesk
July 21 (BusinessDesk) - New Zealand stocks rose as investors gauged the potential for listed companies to deliver earnings growth when results season kicks off next month. Air New Zealand led gainers, having sold off on Friday after a Malaysian passenger ... More >>
NZ dollar gains after Griffin's deal; rate review looms
Monday, 21 July 2014, 5:22 pm | BusinessDesk
July 21 (BusinessDesk) - The New Zealand dollar rose as the $700 million sale of Griffin's Foods to a Philippines-based company stoked expectations of demand for the kiwi and as traders pondered the likely language the Reserve Bank will use if ... More >>
UPDATE: NZ Post to sell Australian Couriers Please unit
Monday, 21 July 2014, 4:45 pm | BusinessDesk
(Updates to show drop in goodwill offset by increase in brands value in 3rd graph) More >>
Ryman snags Tropicana in Auckland residential village push
Monday, 21 July 2014, 3:05 pm | BusinessDesk
July 21 (BusinessDesk) - Ryman Healthcare, the country's biggest listed retirement village builder and operator, has bought Tropicana, an 8.9 hectare block in Auckland's south eastern area of Lynfield and Blockhouse Bay to expand its range of units in ... More >>
PEP sells Griffin's to Universal Robina for $700M
Monday, 21 July 2014, 2:51 pm | BusinessDesk
PEP sells Griffin's to Universal Robina for $700M after capital return, refinancing in 2013 More >>
NZ Dollar Outlook: Kiwi may decline as OCR pause looms
Monday, 21 July 2014, 2:46 pm | BusinessDesk
July 21 (BusinessDesk) - The New Zealand dollar may have reached its highs for the year and will probably decline this week amid speculation the Reserve Bank will signal Thursday's hike in interest rates will be the last for this year. More >>
TPP risks a weaker global trading system, says ex-WTO head
Monday, 21 July 2014, 12:59 pm | BusinessDesk
July 21 (BusinessDesk) - The Trans-Pacific Partnership is a step backwards to the days before the World Trade Organisation when the the US and Europe controlled the global trading system to the detriment of developing economies, says a former director-general ... More >>
