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 967]
NZ Post to sell Australian Couriers Please unit
Monday, 21 July 2014, 12:03 pm | BusinessDesk
July 21 (BusinessDesk) - New Zealand Post, the state-owned mail delivery service, is wants to sell its Australian Couriers Please unit in its latest move to rejig its ailing business. More >>
NZ annual migration at decade high as arrivals pass 100,000
Monday, 21 July 2014, 11:55 am | BusinessDesk
July 21 (BusinessDesk) - New Zealand's annual migration extended its decade highs in June, as a record number of arrivals pushed the net inflow above the 2014 peak estimated by the Treasury and the Reserve Bank. More >>
Motor Trade Finances rebuffs Heartland approach
Monday, 21 July 2014, 11:06 am | BusinessDesk
July 21 (BusinessDesk) - Motor Trade Finances, the Dunedin-based auto-finance firm, rejected a takeover offer from Heartland New Zealand earlier this year, and is warning its shareholders to be wary of any communication from the bank. More >>
CORRECT: Ex-financial adviser ordered to pay $2.56M
Monday, 21 July 2014, 10:23 am | BusinessDesk
(Corrects to show Mark Turnock facing charges under Financial Reporting Act in 13th graph in story that ran on July 18) More >>
NZ dollar steady as investors await RBNZ rate decision
Monday, 21 July 2014, 8:36 am | BusinessDesk
July 21 (BusinessDesk) - The New Zealand dollar is in for a quiet start to the week as traders look ahead to the looming Reserve Bank decision on interest rates on Thursday where a hike is expected. More >>
World Week Ahead: Earnings, data to dominate
Monday, 21 July 2014, 7:09 am | BusinessDesk
July 21 (BusinessDesk) - Investors are set to refocus on US corporate earnings in the days ahead with Apple, Facebook, Microsoft as well as Boeing and Caterpillar on deck as the pace of reporting accelerates. More >>
MARKET CLOSE: NZ stocks drop on plane crash, Gaza invasion
Friday, 18 July 2014, 5:49 pm | BusinessDesk
MARKET CLOSE: NZ stocks drop on plane crash, Gaza invasion; Xero, A2, Pacific Edge slide More >>
NZ dollar heads for 1.5% weekly slide
Friday, 18 July 2014, 5:12 pm | BusinessDesk
Jul. 18 (BusinessDesk) - The New Zealand dollar is heading for a 1.5 percent weekly drop against the greenback as a Malaysian passenger jet crash in rebel-held Ukraine and an Israeli ground invasion in Gaza sapped investors' risk appetite in an environment ... More >>
Postie Plus sold as going concern to Sth Africa's Pepkor
Friday, 18 July 2014, 4:55 pm | BusinessDesk
July 18 (BusinessDesk) - Ailing clothing retailer Postie Plus has been sold for an undisclosed sum as a going concern to Roan Ltd, a subsidiary of Pepkor, a South African-based investment group with clothing and footwear retail interests in Australia and Eastern ... More >>
NZ slips one place on global innovation index
Friday, 18 July 2014, 4:33 pm | BusinessDesk
July 18 (BusinessDesk) - New Zealand's global innovation ranking has slipped from 17th to 18th, while Australia has jumped three places to 17th in rankings calculated for the 2014 Global Innovation Index, compiled by Cornell University. More >>
Caniwi Capital in $57mln purchase of Inghams properties
Friday, 18 July 2014, 3:44 pm | BusinessDesk
July 18 (BusinessDesk) - Wellington property investor Caniwi Capital has bought and leased back seven of nine New Zealand properties housing Inghams Enterprises chicken farming operations in a $57 million deal that releases capital for Texas Pacific ... More >>
Cashed-up ERoad would look at Australian, US acquisitions
Friday, 18 July 2014, 3:09 pm | BusinessDesk
July 18 (BusinessDesk) - ERoad, which provides electronic fleet tracking and road user pays management services, would look at acquisitions in Australia and the US to boost its market share once it completes an initial public offer of up to $49.5 ... More >>
APN buys out Hong Kong outdoor ad partner for A$14 mln
Friday, 18 July 2014, 1:49 pm | BusinessDesk
Jul. 18 (BusinessDesk) - APN News & Media, which this year took full ownership of Australian Radio Network and The Radio Network in New Zealand, has bought out its partner in a Hong Kong outdoor advertising joint venture for A$14 million. More >>
RBNZ caught in signalling dilemma as kiwi shines
Friday, 18 July 2014, 11:33 am | BusinessDesk
July 18 (BusinessDesk) - The Reserve Bank will probably raise the official cash rate again on July 24 while trying not to polish the appeal of a New Zealand dollar that stands out in a world where most central banks have record low interest rates. More >>
High Court rules Fonterra, Danone arbitration to come first
Friday, 18 July 2014, 11:26 am | BusinessDesk
July 18 (BusinessDesk) - The High Court has agreed with Fonterra Cooperative Group that its dispute with French food group Danone should be dealt with in arbitration, but won't grant a permanent stay on legal proceedings. More >>
ERoad to raise $49.5 million in pursuit of US growth
Friday, 18 July 2014, 11:24 am | BusinessDesk
July 18 (BusinessDesk) - ERoad, whose products allow transport companies to manage and pay road user charges and keep track of their fleet, is looking to raise up to $49.5 million in an initial public offer next month as it chases growth in the US ... More >>
Embrace falling home affordability, says NZIER
Friday, 18 July 2014, 10:34 am | BusinessDesk
July 18 (BusinessDesk) - Despair over the inability to afford a house is misplaced and should be embraced as an opportunity to invest in more wealth-creating activity, says the principal economist at the New Zealand Institute of Economic Research, Shamubeel ... More >>
Frozen Guardian Trust fund stings ex-owner Suncorp for $4.9M
Friday, 18 July 2014, 9:12 am | BusinessDesk
July 17 (BusinessDesk) - Australian insurer Suncorp Group forked out an indemnity payment to New Zealand Guardian Trust more than three years after selling its former subsidiary at a $40 million loss. More >>
Chorus gets access to early Crown Fibre funding for a price
Friday, 18 July 2014, 9:02 am | BusinessDesk
July 18 (BusinessDesk) - Chorus, the telecommunications network operator tasked with building the bulk of the nation's ultrafast broadband network, has cut a deal with Crown Fibre Holdings to bring forward funding of $178 million, though at a high interest ... More >>
