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 975]
Xero board seeks 70% boost to fee pool at AGM
Wednesday, 2 July 2014, 11:40 am | BusinessDesk
July 2 (BusinessDesk) - Xero's board is seeking a 70 percent boost to its pool for directors' fees, having bolstered its governance team with former Microsoft chief financial officer Chris Liddell taking over the chair in February. More >>
Goodman Fielder board agrees to slimmed down offer
Wednesday, 2 July 2014, 11:27 am | BusinessDesk
July 2 (BusinessDesk) - Goodman Fielder's directors have given support to a reduced takeover proposal from Singapore-based Wilmar International and Hong Kong-listed investment firm First Pacific Co, who lowered their price by about 3.6 percent after ... More >>
Utilico emerges as 13.6% holder of Smiths City
Wednesday, 2 July 2014, 10:36 am | BusinessDesk
Utilico emerges as 13.6% holder of Smiths City as Rich Lister Holdworth sells out More >>
Tourism Holdings may beat annual profit guidance
Wednesday, 2 July 2014, 9:21 am | BusinessDesk
July 2 (BusinessDesk) - Tourism Holdings, the largest holiday vehicle rental business in New Zealand and Australia, may beat its annual profit guidance. More >>
NZ dollar slips vs. Aussie after RBA seen softening language
Wednesday, 2 July 2014, 8:48 am | BusinessDesk
July 2 (BusinessDesk) - The New Zealand dollar slipped against its Australian counterpart after the Reserve Bank of Australia didn't complain about the elevated level of the Aussie yesterday as much as expected, encouraging traders to push it higher. More >>
While you were sleeping: Wall Street rallies to record
Wednesday, 2 July 2014, 7:41 am | BusinessDesk
July 2 (BusinessDesk) – Wall Street climbed, pushing the Dow and the S&P 500 to record highs, as solid manufacturing data from the US and China bolstered optimism about the outlook for the world’s two largest economies. More >>
Tainui assets top $1 bln, operating income rises to $74.5M
Wednesday, 2 July 2014, 7:00 am | BusinessDesk
July 2 (BusinessDesk) - Waikato’s Tainui iwi has recorded total tribal assets worth more than $1 billion for the first time since the $170 million settlement of its Treaty of Waitangi claims by the Bolger government in 1995. More >>
Dairy product prices fall for 9th time in last 10 auctions
Wednesday, 2 July 2014, 5:58 am | BusinessDesk
July 2 (BusinessDesk) - Dairy product prices fell to the lowest level since January 2013 in the latest GlobalDairyTrade auction, paced by a drop in butter and anhydrous milk fat. More >>
RBA disappoints market expecting strong currency statement
Tuesday, 1 July 2014, 6:09 pm | BusinessDesk
July 1 (BusinessDesk) - The Reserve Bank of Australia kept the cash rate unchanged at 2.5 percent, as expected, while delivering less of a warning about the strength of the Australian dollar than some traders had expected, nudging the currency higher. More >>
MARKET CLOSE: NZ stocks rise, paced by NZOG
Tuesday, 1 July 2014, 5:59 pm | BusinessDesk
July 1 (BusinessDesk) - New Zealand stocks rose, paced by New Zealand Oil and Gas which advanced after securing $5 million in historic royalties from Genesis Energy. Property entities rose. More >>
Seabed ironsands miner to appeal resource consent knockback
Tuesday, 1 July 2014, 5:48 pm | BusinessDesk
July 1 (BusinessDesk) - TransTasman Resources, the company seeking to mine ironsands off the ocean floor in the Exclusive Economic Zone, will appeal the rejection of its marine consent application by the decision-making committee appointed by the ... More >>
NZ dollar slips vs. Australian dollar after RBA statement
Tuesday, 1 July 2014, 5:31 pm | BusinessDesk
July 1 (BusinessDesk) - The New Zealand dollar fell against the Australian dollar as traders betting the Reserve Bank of Australia would make a strong statement about an over-valued currency were forced to close out their bets when it didn't. More >>
Government to commit $65M to Hawaiki Cable
Tuesday, 1 July 2014, 3:07 pm | BusinessDesk
July 1 (BusinessDesk) - The government has entered a conditional 25 year contract with Hawaiki Cable worth $65 milllion to secure a new international telecommunications cable capable of handling huge data loads needed for research and education. More >>
SFO investigates Far North District Council
Tuesday, 1 July 2014, 2:01 pm | BusinessDesk
The investigation comes after Far North Mayor John Carter and councillors commissioned an independent consultant to look into council activities late last year, the Kaikohe-based council said in a statement. More >>
NZOG takes $5 mln uplift for historical royalties
Tuesday, 1 July 2014, 1:49 pm | BusinessDesk
July 1 (BusinessDesk) - New Zealand Oil & Gas has completed protracted negotiations over historic royalties owed by Genesis Energy on its share of the Kupe oil and gas field's production, giving the company a one-off $5 million after tax lift to earnings ... More >>
Landcorp considers business case for milking sheep
Tuesday, 1 July 2014, 1:06 pm | BusinessDesk
July 1 (BusinessDesk) - Landcorp, New Zealand’s largest corporate farmer, is having a serious look at milking sheep and will decide in a few months whether there is a business case for it. More >>
OceanaGold cleared to return to opencast mine in North Otago
Tuesday, 1 July 2014, 12:46 pm | BusinessDesk
July 1 (BusinessDesk) - OceanaGold Corp has clearance from WorkSafe NZ to mine the southwest corner of its opencast gold mine in North Otago while continuing to monitor 45 million tonnes of rock that slipped 200 metres in April. More >>
Amplifon NZ reports lower profit in 2013 amid restructure
Tuesday, 1 July 2014, 12:15 pm | BusinessDesk
July 1 (BusinessDesk) – Amplifon NZ, the country’s biggest audiology business, posted a lower profit in 2013 after restructuring its store network in the face of increased competition. More >>
Aussie lab test company Healthscope sees NZ pathology growth
Tuesday, 1 July 2014, 10:11 am | BusinessDesk
July 1 (BusinessDesk) - Australia’s Healthscope is confident of winning more contracts for pathology services in New Zealand where it already services 65 percent of the population. More >>
Tower sells remaining life business to Foundation for $36M
Tuesday, 1 July 2014, 9:54 am | BusinessDesk
July 1 (BusinessDesk) - Tower has sold its remaining life insurance business to Australian-owned Foundation Life (NZ) Holdings for $36 million, completing its transformation to a general insurer. More >>
