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 990]
While you were sleeping: Fresh Wall Street highs
Tuesday, 3 June 2014, 7:35 am | BusinessDesk
June 3 (BusinessDesk) – Wall Street moved to record highs, though equities seesawed, as investors digested two corrections of the latest monthly Institute for Supply Management’s manufacturing data. In the final hour of trading in New York, the ... More >>
MARKET CLOSE: NZ shares drop as a2 Milk falls
Friday, 30 May 2014, 5:44 pm | BusinessDesk
MARKET CLOSE: NZ shares drop as a2 Milk falls on Synlait, Pacific Edge extends decline More >>
NZ dollar heads for 0.4% weekly decline
Friday, 30 May 2014, 5:18 pm | BusinessDesk
NZ dollar heads for 0.4% weekly decline as falling dairy payout, rate hike view weighs More >>
Abano dissidents seek delay to special meeting
Friday, 30 May 2014, 2:44 pm | BusinessDesk
May. 30 (BusinessDesk) - Abano Healthcare's dissident shareholders Peter Hutson and James Reeves have filed papers in the High Court in Auckland in a bid to delay the special meeting they called, where they're seeking to dump the medical investor's ... More >>
UPDATE: Synlait shares drop 5.9% after second profit warning
Friday, 30 May 2014, 11:57 am | BusinessDesk
May 30 (BusinessDesk) - Shares in Synlait Milk fell 5.9 percent after the dairy processor, which counts China’s Bright Dairy as a cornerstone shareholder, cut its full-year earning forecast for the second time this year as a strong currency and an unfavourable ... More >>
ComCom to run ruler over new Chorus products
Friday, 30 May 2014, 11:46 am | BusinessDesk
May 30 (BusinessDesk) - The Commerce Commission will look at a handful of new products that network operator Chorus plans to roll out to see whether they need to be regulated. More >>
NZ building consents fell 5.2% in April on public holidays
Friday, 30 May 2014, 11:44 am | BusinessDesk
May 30 (BusinessDesk) - New Zealand building consents issued for residential housing, excluding apartments, fell 5.2 percent in April following strong gains the previous two months as activity slowed due to public holidays. More >>
UPDATE: Telecom cleared to buy last 4G spectrum lot
Friday, 30 May 2014, 10:34 am | BusinessDesk
May 30 (BusinessDesk) - Telecom Corp., New Zealand's second-biggest mobile phone operator, has been cleared to buy the final lot of 700 megahertz radio spectrum, flagged for fourth-generation mobile use, after proposed government allocations made ... More >>
Synlait cuts FY profit forecast on high kiwi, falling prices
Friday, 30 May 2014, 9:54 am | BusinessDesk
May 30 (BusinessDesk) - Synlait Milk, the dairy processor which counts China’s Bright Dairy as a cornerstone shareholder, cut its full-year earning forecast for the second time this year as a strong currency and an unfavourable product mix weighs ... More >>
Telecom cleared to buy last 4G spectrum lot
Friday, 30 May 2014, 9:42 am | BusinessDesk
May. 30 (BusinessDesk) - Telecom, the second-biggest mobile phone operator, has been cleared to buy the final lot of 700 megahertz radio spectrum, flagged for fourth-generation mobile use. More >>
NZ dollar weakens as investors pull back bets on rate hikes
Friday, 30 May 2014, 8:51 am | BusinessDesk
May. 30 (BusinessDesk) - The New Zealand dollar fell as investors pulled back their expectations for future interest rate hikes as they weigh weaker commodity prices and a slide in business confidence. More >>
While you were sleeping: Yet another record
Friday, 30 May 2014, 7:45 am | BusinessDesk
May 30 (BusinessDesk) – The Standard & Poor’s 500 Index crept to a fresh intraday record as a second estimate showing the US economy contracted in the first quarter failed to deter expectations that the recovery is gathering steam. More >>
TSB Bank profit slips 5.9% on Solid Energy writedown
Friday, 30 May 2014, 7:14 am | BusinessDesk
May. 29 (BusinessDesk) - TSB Bank, one of the six lenders that agreed to a debt restructuring for Solid Energy, reported a 5.9 percent decline in annual profit after writing down the value of preference shares held in the state-owned coal miner. More >>
MARKET CLOSE: NZ shares gain with F&P Healthcare
Thursday, 29 May 2014, 5:46 pm | BusinessDesk
May 29 (BusinessDesk) - New Zealand stocks rose, as a weaker kiwi dollar helped sentiment for companies that sell in US dollars, such as Fisher & Paykel Healthcare. Pacific Edge fell for second day after its full-year loss widened 44 percent. More >>
Bathurst seeks up to $2.67 mln in rights issue
Thursday, 29 May 2014, 5:18 pm | BusinessDesk
May. 29 (BusinessDesk) - Bathurst Resources, which raised A$7.39 million in a discounted placement to institutional investors last month, is seeking up to $2.67 million in a rights issue, to help fund the development of its Escarpment open-cut coal mine ... More >>
NZ dollar may fall on ECB moves
Thursday, 29 May 2014, 5:06 pm | BusinessDesk
May 29 (BusinessDesk) - The New Zealand dollar may extend its decline as the prospect of European Central Bank stimulus next week stokes demand for the greenback, while sliding business confidence locally saps demand for the kiwi. More >>
Fiordland monorail project declined
Thursday, 29 May 2014, 4:42 pm | BusinessDesk
May. 29 (BusinessDesk) - Conservation Minister Nick Smith has knocked back controversial plans to build a monorail through native forest as part of a tourism initiative that would have opened up a new route between Queenstown and Lake Te Anau, but which independent ... More >>
Renaissance likely to miss $1 mln earn-out from Yoobee sale
Thursday, 29 May 2014, 2:15 pm | BusinessDesk
Renaissance likely to miss $1 mln earn-out from sale of Yoobee School of Design More >>
Moa drops to record low on cash flow woes
Thursday, 29 May 2014, 12:57 pm | BusinessDesk
May 29 (BusinessDesk) - Shares in Moa Group, which raised $16 million when it went public in 2012, plunged to almost a third of its listing price after the boutique beer maker posted a wider full-year loss and said major shareholders Pioneer Capital ... More >>
Trilogy shares jump 10% as annual profit soars
Thursday, 29 May 2014, 11:36 am | BusinessDesk
May 29 (BusinessDesk) - Shares in Trilogy International jumped 10 percent after the skincare and scented candle maker's annual profit soared, having become profitable a year earlier, as revenue growth in its Ecoya candle brand offset declining sales ... More >>
