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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 979]
Kiwi Income Property may offer $125M of bonds
Wednesday, 25 June 2014, 9:14 am | BusinessDesk
June 25 (BusinessDesk) - Kiwi Income Property Trust, the country’s second-biggest listed property investor, may offer as much as $125 million of bonds to fund general corporate spending and the payment of existing bank debt facilities. More >>
NZ dollar drops as greenback buoyed by stronger data
Wednesday, 25 June 2014, 8:45 am | BusinessDesk
June 25 (BusinessDesk) - The New Zealand dollar weakened as the US dollar was buoyed by stronger-than-expected US housing and consumer confidence data. More >>
While you were sleeping: Iraq concern weighs on stocks
Wednesday, 25 June 2014, 7:45 am | BusinessDesk
June 25 (BusinessDesk) – Wall Street declined as Iraq’s violence escalated into cross-border hostilities with Syria, bolstering concern about the stability of the Middle East and overshadowing better-than-expected data on US consumer confidence ... More >>
Appeal Court dismisses Sturgess claim over Greymouth
Tuesday, 24 June 2014, 6:15 pm | BusinessDesk
June 24 (BusinessDesk) - The Court of Appeal has turned down an attempt by Greymouth Petroleum minority shareholder John Sturgess to overthrow a High Court ruling on the sale of his shares. More >>
MARKET CLOSE: NZ stocks fall, led by Kathmandu
Tuesday, 24 June 2014, 6:05 pm | BusinessDesk
June 24 (BusinessDesk) - New Zealand shares, led by Kathmandu Holdings after the retailer said annual earnings may slide 15 percent. Pacific Edge fell to an eight-month low. Serko debuted on the NZX while Hirepool withdrew its initial public offer. More >>
NZ dollar pares gain amid report ECB will keep rates low
Tuesday, 24 June 2014, 5:38 pm | BusinessDesk
June 24 (BusinessDesk) - The New Zealand dollar fell from a two-month high amid speculation the European Central Bank will keep interest rates low for an extended period. More >>
Pumpkin Patch targets IT system, stores, inventory in review
Tuesday, 24 June 2014, 4:05 pm | BusinessDesk
June 24 (BusinessDesk) - Pumpkin Patch, which slashed its full-year earnings forecast by as much as 88 percent last month, is mulling its "store footprint", stock levels, and an information technology system upgrade as it pushes on with a ... More >>
Norman family's James Pascoe buys beat-up Warehouse stock
Tuesday, 24 June 2014, 3:29 pm | BusinessDesk
Norman family's James Pascoe buys beat-up Warehouse stock, lifts stake to 5.15% More >>
UPDATE: Xero responds to price inquiry as growth stocks fall
Tuesday, 24 June 2014, 2:09 pm | BusinessDesk
June 24 (BusinessDesk) - Xero has responded to a stock market operator price inquiry after the cloud-based accounting software firm and Pacific Edge both fell to eight-month lows in morning trade as investors freed up cash for upcoming listings by selling ... More >>
Warehouse shares touch 18-month low as stock downgraded
Tuesday, 24 June 2014, 1:36 pm | BusinessDesk
June 24 (BusinessDesk) - Shares in Warehouse Group touched an 18-month low as the stock was downgraded to 'hold' from 'buy' by brokerage Craigs Investment Partners after the retailer cut its full-year earnings forecast, saying it was having to discount ... More >>
NZ’s subsidies of coal and rail are nothing like Australia’s
Tuesday, 24 June 2014, 12:50 pm | BusinessDesk
June 24 (BusinessDesk) – Australian state governments spent A$17.6 billion on subsidies for mineral and fossil fuel industries over six years, including A$8 billion to help transport coal, according to a report. More >>
Pacific Edge, Xero slide as investors eye new listings
Tuesday, 24 June 2014, 12:14 pm | BusinessDesk
June 24 (BusinessDesk) - Xero and Pacific Edge both fell to an eight-month low as investors freed up cash for upcoming listings by selling growth stocks. More >>
SAP's NZ unit posts record sales in 2013
Tuesday, 24 June 2014, 11:53 am | BusinessDesk
June 24 (BusinessDesk) - SAP New Zealand, the local unit of the world's biggest business management software company, posted a 32 percent jump in sales last year to the highest in more than a decade on growth in its traditional enterprise applications. More >>
Westfield’s forgotten NZ unit boostsearnings in 2013
Tuesday, 24 June 2014, 11:49 am | BusinessDesk
June 24 (BusinessDesk) – The $2.8 billion of local shopping malls owned by Australia’s Westfield Group barely got a mention in the 423-page document for the company’s restructure but accounts filed in New Zealand show earnings of $165.8 million in ... More >>
Serko first trades at $1.13 in NZX debut, for 2.7% gain
Tuesday, 24 June 2014, 11:05 am | BusinessDesk
Serko first trades at $1.13 in NZX debut, for 2.7% gain from IPO More >>
Kathmandu shares slump 8.7% as warm winter crimps sales
Tuesday, 24 June 2014, 10:44 am | BusinessDesk
Kathmandu shares slump 8.7% to four-month low as warm winter weather crimps sales More >>
Diligent earnings outlook cut on mounting costs: Craigs
Tuesday, 24 June 2014, 10:17 am | BusinessDesk
June 24 (BusinessDesk) - Diligent Board Member Services, the governance app maker forced to restate its accounts, is expected to post weaker earnings than previously expected in the current financial year amid mounting costs, according to a Craigs ... More >>
Queenstown says CBD convention centre plan viable, legal
Tuesday, 24 June 2014, 10:16 am | BusinessDesk
June 24 (BusinessDesk) - Queenstown Lakes District Council has advice its convention centre plan is legal and financially viable even though many other convention facilities are in various stages of development around the country. More >>
Trustpower buys Aust's Green State Power assets for A$72.2M
Tuesday, 24 June 2014, 9:38 am | BusinessDesk
June 24 (BusinessDesk) - Trustpower, the electricity company controlled by Infratil, agreed to pay A$72.2 million for hydro power stations and wind farm assets of Green State Power from the government of the Australian state of New South Wales. More >>
Next Capital pulls Hirepool IPO on tepid support
Tuesday, 24 June 2014, 9:34 am | BusinessDesk
June 24 (BusinessDesk) - Hirepool's 64 percent owner, Australian private equity firm Next Capital, has abandoned plans to sell shares in a $262 million initial public offering after concern from institutional investors that on market support for shares ... More >>
