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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 987]
World Week Ahead: Eyes on US consumer
Monday, 9 June 2014, 7:51 am | BusinessDesk
June 9 (BusinessDesk) - The American consumer is expected to confirm the picture of a US economy gathering momentum in its recovery. More >>
Air NZ claws back $3.2M in legal fees from Australian suit
Friday, 6 June 2014, 5:49 pm | BusinessDesk
Air NZ claws back $3.2 million in legal fees from Australian class suit settlement More >>
NZX Regulation approval not needed on rival Abano proxy form
Friday, 6 June 2014, 5:39 pm | BusinessDesk
June 6 (BusinessDesk) - NZX Regulation has clarified that its approval is not needed for Abano Healthcare's dissident shareholders Peter Hutson and James Reeves to send out proxy forms to shareholders ahead of the June 13 special meeting. More >>
MARKET CLOSE: NZ shares rise; Fletcher gains on consents
Friday, 6 June 2014, 5:37 pm | BusinessDesk
MARKET CLOSE: NZ shares rise; Fletcher gains on consents; F&P soars to 8-year high More >>
TPP to live on in other acronyms even if it fails: Groser
Friday, 6 June 2014, 5:11 pm | BusinessDesk
June 6 (BusinessDesk) - The negotiated positions of parties to the Trans-Pacific Partnership trade agreement will be crucial in developing other free trade pacts that are either emerging or on the table now, even if the current negotiations fail, ... More >>
NZ dollar rallies as investors chase yield after ECB rate cu
Friday, 6 June 2014, 5:06 pm | BusinessDesk
NZ dollar rallies as investors chase yield after ECB rate cut; US jobs data looms More >>
Independent Liquor takes more impairments, loss narrows
Friday, 6 June 2014, 4:28 pm | BusinessDesk
Jun. 6 (BusinessDesk) - Independent Liquor (NZ), whose Japanese owner Asahi is locked in a court battle over the $1.5 billion price tag it paid for the booze empire, narrowed its loss in 2013, while writing down the value of the business even further, in a ... More >>
Skilled and off-farm jobs the growth areas for agriculture
Friday, 6 June 2014, 3:15 pm | BusinessDesk
June 6 (BusinessDesk) - Support services will be the biggest source of job growth for an increasingly sophisticated agricultural sector, a report on the future workforce needs of primary industries concludes. More >>
CORRECT: Gentrack IPO priced at $2.40
Friday, 6 June 2014, 2:04 pm | BusinessDesk
June 6 (BusinessDesk) - Gentrack Group, which develops utilities and airports software, will sell its shares at $2.40 in this month's initial public offer, raising $36 million of new capital, and letting its owners sell down their holdings. More >>
Solid Energy to cut a quarter of its Stockton mine workforce
Friday, 6 June 2014, 1:59 pm | BusinessDesk
June 6 (BusinessDesk) - State-owned coal miner Solid Energy has announced redundancies for just over a quarter of its workforce at the open-cast Stockton mine, on the West Coast near Westport, in response to a prolonged period of depressed global prices ... More >>
RBNZ may affirm pace of rate hikes to market expecting less
Friday, 6 June 2014, 1:57 pm | BusinessDesk
June 6 (BusinessDesk) – The Reserve Bank may surprise some market participants by reiterating plans to lift the official cash rate by 200 basis points over two years in next week's policy statement, in the face of surging migration, a weaker ... More >>
Reserve Bank clears IAG's Lumley takeover
Friday, 6 June 2014, 1:14 pm | BusinessDesk
June 6 (BusinessDesk) - The Reserve Bank has approved Insurance Australia Group to buy Wesfarmer’s Lumley General Insurance unit, which would give New Zealand’s biggest general insurer a boost to market share. More >>
Chch developer signs PwC as anchor tenant for $60M building
Friday, 6 June 2014, 1:04 pm | BusinessDesk
June 6 (BusinessDesk) - Christchurch builder developer Armitage Williams Construction is pressing ahead with its prime $60 million riverside CBD office building in the city following the signing of accounting firm PwC as the anchor tenant today. More >>
CORRECT: House values rise at slowest annual pace since Aug
Friday, 6 June 2014, 12:37 pm | BusinessDesk
June 6 (BusinessDesk) - New Zealand property values increased at slowest annual pace in nine months in May as interest rates increased and loan to value restrictions weighed on the entry point of the market. More >>
NZ house values rise at slowest annual pace in 9 months
Friday, 6 June 2014, 12:21 pm | BusinessDesk
June 6 (BusinessDesk) - New Zealand property values increased at slowest annual pace in nine months in May as interest rates increased and loan to value restrictions weighed on the entry point of the market. More >>
BAT NZ annual profit biggest since at least 1999
Friday, 6 June 2014, 12:02 pm | BusinessDesk
June 6 (BusinessDesk) - British American Tobacco Holdings (New Zealand), the nation's largest cigarette company, reported its biggest annual profit since at least 1999, after earnings rose 15 percent as it cut costs while increased excise tax hiked prices. More >>
Gentrack IPO priced at $2.40, raising $36 mln of new capital
Friday, 6 June 2014, 10:57 am | BusinessDesk
June 6 (BusinessDesk) - Gentrack Group, which develops utilities and airports software, will sell its shares at $2.40 in this month's initial public offer, raising $36 million of new capital, and letting its owners sell down their holdings. More >>
NZ govt operating deficit smaller than Budget forecast
Friday, 6 June 2014, 10:26 am | BusinessDesk
June 6 (BusinessDesk) - The government posted a smaller operating deficit than expected in last month's Budget forecast as an underspend in April offset a lagging GST tax-take. More >>
NZ dollar rises investors seek yield after ECB rate cut
Friday, 6 June 2014, 8:42 am | BusinessDesk
NZ dollar rises above 85 US cents as investors seek yield after ECB cuts rates More >>
While you were sleeping: ECB measures lift equities
Friday, 6 June 2014, 7:52 am | BusinessDesk
June 6 (BusinessDesk) – Wall Street climbed to record highs as investors welcomed unprecedented stimulus from the European Central Bank which underpinned expectations for the worldwide economy. More >>
