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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 993]
Serko seeks up to $22 mln in IPO to fund growth
Monday, 26 May 2014, 12:43 pm | BusinessDesk
Serko seeks up to $22 mln in IPO to fund growth plans across Asia Pacific More >>
NZ Dollar Outlook: Kiwi may fall on prospects for milk price
Monday, 26 May 2014, 12:34 pm | BusinessDesk
May. 26 (BusinessDesk) - The New Zealand dollar may decline this week as weaker dairy prices are expected to see Fonterra Cooperative Group pull back its forecast payout to farmers. More >>
NZ trade surplus narrows more than expected in April
Monday, 26 May 2014, 12:10 pm | BusinessDesk
NZ trade surplus narrows more than expected in April on lower meat and dairy volumes More >>
Gentrack to sell shares at $2-$2.50, raising up to $101.8M
Monday, 26 May 2014, 11:57 am | BusinessDesk
Gentrack to sell shares at $2-$2.50, raising up to $101.8M in IPO More >>
Hellaby forecasts 35% gain in annual profit; shares fall
Monday, 26 May 2014, 10:43 am | BusinessDesk
Hellaby forecasts 35% gain in full-year profit as four out of five units perform More >>
Pacific Edge shares gain 4% on fourth US deal
Monday, 26 May 2014, 10:38 am | BusinessDesk
May. 26 (BusinessDesk) - Shares in Pacific Edge gained 4 percent after the biotech company said it had signed a deal with US healthcare provider MultiPlan for the use of its non-invasive bladder cancer test, Cxbladder. More >>
Acurity beats guidance with 55% profit gain
Monday, 26 May 2014, 10:34 am | BusinessDesk
May. 26 (BusinessDesk) - Acurity Health Group, the private hospital operator formerly known as Wakefield Health, boosted annual profit 55 percent, beating guidance, and anticipates growth in the coming year from the public sector, which it says is ripe ... More >>
NZ dollar weakens as greenback buoyed by economic optimism
Monday, 26 May 2014, 8:47 am | BusinessDesk
May. 26 (BusinessDesk) - The New Zealand dollar fell as positive US economic data strengthened the greenback and some investors reduced their holdings of the local currency on concern about falling commodity prices. More >>
World Week Ahead: US GDP, consumer confidence
Monday, 26 May 2014, 7:38 am | BusinessDesk
May 26 (BusinessDesk) – A slew of US economic reports including data on housing, consumer confidence, and a second estimate for first-quarter gross domestic product will capture the attention of investors in coming days. More >>
Pumpkin Patch cuts annual earnings forecast; shares fall
Friday, 23 May 2014, 5:59 pm | BusinessDesk
May. 23 (BusinessDesk) - Pumpkin Patch, the second-worst performing stock on New Zealand's All Ordinaries Index the past year, signalled full-year earnings may plummet on sluggish demand and price discounting in its main New Zealand and Australian markets. More >>
MARKET CLOSE: NZ shares gain, led by Metlifecare on upgrade
Friday, 23 May 2014, 5:45 pm | BusinessDesk
May. 23 (BusinessDesk) - New Zealand shares rose, led by Metlifecare after the retirement village operator and developer upgraded its profit forecast. Fisher & Paykel Healthcare paced gains after reporting a record annual profit. More >>
Air NZ appoints VIP lifestyle expert to board
Friday, 23 May 2014, 5:42 pm | BusinessDesk
May. 23 (BusinessDesk) - Air New Zealand, the national carrier, has appointed an international corporate travel services expert, Linda Jenkinson, to its board, replacing Jim Fox who plans to retire in August. More >>
Airport bond goes off at 5.52 percent
Friday, 23 May 2014, 5:25 pm | BusinessDesk
May. 23 (BusinessDesk) - Auckland International Airport is paying a 5.52 percent coupon on a NZ$150 million seven year bond issue taken up entirely by its lead managers and institutional investors. More >>
NZ dollar heads for 0.7% weekly fall
Friday, 23 May 2014, 5:11 pm | BusinessDesk
May. 23 (BusinessDesk) - The New Zealand dollar is heading for a 0.7 percent weekly decline as improving prospects for global growth buoyed the greenback, and left traders to mull the prospect of a slower cycle of local interest rate hikes. More >>
Delegat's 2014 harvest supports sales growth projections
Friday, 23 May 2014, 5:06 pm | BusinessDesk
May. 23 (BusinessDesk) - Delegat's Group, the winemaker which last year bought Australia's Barossa Valley Estate, said its just completed 2014 harvest will allow it to achieve its forecast future sales growth. More >>
Abano sets Black Friday for special meeting
Friday, 23 May 2014, 2:37 pm | BusinessDesk
May. 23 (BusinessDesk) - Abano Healthcare shareholders will vote on whether to dump chairman Trevor Janes on Black Friday next month after the medical investor set the date for a special meeting called by a pair of disgruntled shareholders who own almost ... More >>
RESEND: NZ consumer confidence falls
Friday, 23 May 2014, 2:16 pm | BusinessDesk
May. 23 (BusinessDesk) - New Zealand consumer confidence fell to a seven-month low in May as two interest rate hikes and expectations for slower economic growth later this year sapped people's optimism. More >>
NZ consumer confidence falls as interest rate hikes bite
Friday, 23 May 2014, 2:01 pm | BusinessDesk
May. 23 (BusinessDesk) - New Zealand consumer confidence fell to a seven-month low in May as two interest rate hikes and expectations for slower economic growth later this year sapped people's optimism. More >>
UPDATE: F& P Healthcare says earnings growth may stall
Friday, 23 May 2014, 1:37 pm | BusinessDesk
UPDATE: F& P Healthcare says earnings growth may stall in 2015 as currency rates bite More >>
Chorus BBB debt rating affirmed by S&P, taken off watch
Friday, 23 May 2014, 1:00 pm | BusinessDesk
May. 23 (BusinessDesk) - Chorus's BBB credit rating was affirmed by Standard & Poor's with a negative outlook that reflects prospects for the network company's 'headroom' within financial covenants to shrink as it ramps up spending on the Ultra-Fast ... More >>
