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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 995]
NZ dollar falls vs. British pound as BOE seen hiking rates
Thursday, 22 May 2014, 8:42 am | BusinessDesk
NZ dollar falls to 3-week low against British pound as BOE seen eyeing rate rises More >>
While you were sleeping: Fed minutes, Tiffany shines
Thursday, 22 May 2014, 7:42 am | BusinessDesk
May 22 (BusinessDesk) – Wall Street gained as the minutes from the latest US Federal Reserve meeting bolstered expectations that policy makers will keep easy money flowing to help accelerate the pace of growth in the world’s largest economy. More >>
MARKET CLOSE: NZX 50 drops to month low
Wednesday, 21 May 2014, 5:44 pm | BusinessDesk
MARKET CLOSE: NZX 50 drops to month low; Ryman, F & P Healthcare fall on earnings; Telecom, Xero slide More >>
NZ dollar drops as falling dairy prices, slowing Aust weigh
Wednesday, 21 May 2014, 5:07 pm | BusinessDesk
May 21 (BusinessDesk) - The New Zealand dollar dropped to a three-week low after dairy prices extended their decline at the latest auction, and as investors get wary of a downbeat Australian economy. More >>
Veritas affirms annual profit forecast
Wednesday, 21 May 2014, 3:20 pm | BusinessDesk
Veritas affirms annual profit as Kiwi Pacific acquisition makes up for slow Mad Butcher sales More >>
PowerbyProxi snags Silicon Valley executive Gani Jusuf
Wednesday, 21 May 2014, 1:59 pm | BusinessDesk
May 21 (BusinessDesk) – PowerbyProxi has appointed Marvell Technology Group executive Gani Jusuf to its board as the wireless power systems developer expands in a sector projected to be worth US$15.1 billion worldwide in 2020. More >>
Kiwi Income cut to ‘hold’ on stalling income, Craigs says
Wednesday, 21 May 2014, 1:06 pm | BusinessDesk
Kiwi Income Property cut to ‘hold’ as rental income, earnings seen stalling in 2016, Craigs says More >>
UDC lifts first-half profit 8% on more car, forestry loans
Wednesday, 21 May 2014, 12:53 pm | BusinessDesk
May 21 (BusinessDesk) – UDC Finance, the finance company owned by ANZ Bank New Zealand, lifted first-half profit 8 percent as it grew lending in car loans and forestry. More >>
Kiwis moving to Australia at record low in April
Wednesday, 21 May 2014, 12:08 pm | BusinessDesk
Kiwis moving to Australia at record low, pushing NZ’s net migration near to all-time high More >>
Wellington Airport lifts earnings by 44%
Wednesday, 21 May 2014, 11:17 am | BusinessDesk
May 21 (BusinessDesk) – Wellington International Airport, which is two thirds owned by Infratil, boosted full-year profit by 44 percent while keeping returns within the range prescribed by regulations. More >>
2degrees making inroads in low-value prepay customers
Wednesday, 21 May 2014, 10:50 am | BusinessDesk
May 21 (BusinessDesk) - Two Degrees Mobile, which broke New Zealand’s mobile phone duopoly when entered the market in 2009, has largely made inroads into low-value prepay customers, but has struggled to attract more lucrative corporate clients, ... More >>
NZ dollar falls against yen, greenback after dairy auction
Wednesday, 21 May 2014, 9:54 am | BusinessDesk
May 21 (BusinessDesk) – The New Zealand dollar touched a nine-week low against the yen and weakened against the greenback after dairy product prices extended their slide in the latest GlobalDairyTrade auction and traders awaited a meeting of the ... More >>
Abano sees profit growth, urges shareholders to back Janes
Wednesday, 21 May 2014, 9:45 am | BusinessDesk
May 21 (BusinessDesk) - Abano Healthcare, the medical investor embroiled in a dispute with its biggest shareholder, said full-year profit will rise at least 60 percent and urged shareholders to support chairman Trevor Janes at a special meeting that ... More >>
Ryman to spend more than $100 mln on 2nd Melbourne village
Wednesday, 21 May 2014, 9:39 am | BusinessDesk
May 21 (BusinessDesk) - Ryman Healthcare, which last week reported a 43 percent boost in annual profit, has secured a site for its second retirement village in Melbourne, which it expects to spend more than $100 million to build. More >>
Argosy annual profit more than doubles on revaluations
Wednesday, 21 May 2014, 9:35 am | BusinessDesk
May 21 (BusinessDesk) - Argosy Property, which last year raised $86.9 million to fund acquisitions, more than doubled annual profit as new buildings generated more income and the value of its property portfolio and financial instruments gained. More >>
Dairy prices fall to new 15-month low, volumes drop
Wednesday, 21 May 2014, 7:35 am | BusinessDesk
Dairy prices fall to new 15-month low paced by whole milk powder, volumes drop More >>
While you were sleeping: US retailers disappoint
Wednesday, 21 May 2014, 5:52 am | BusinessDesk
May 21 (BusinessDesk) – Wall Street fell as US retailers including Staples reported earnings that underpinned concern about the pace of growth in corporate profits. More >>
Mainzeal's Yan wins a round in the Court of Appeal
Tuesday, 20 May 2014, 6:02 pm | BusinessDesk
May 20 (BusinessDesk) - Richard Yan, the principal of the failed Mainzeal group of companies, has won the latest round with the liquidators of his empire after the Court of Appeal ruled in his favour that disputed debts must be settled before two ... More >>
MARKET CLOSE NZ shares fall as valuations questioned
Tuesday, 20 May 2014, 5:42 pm | BusinessDesk
May 20 (BusinessDesk) – New Zealand shares fell on concern the NZX 50 Index’s 9 percent gain this year has left the local bourse fully valued relative to the earnings outlook. Ryman Healthcare, Telecom and Fletcher Building paced the decline. More >>
NZ dollar gains vs. A$ after debt rating warning, RBA
Tuesday, 20 May 2014, 5:27 pm | BusinessDesk
May 20 (BusinessDesk) – The New Zealand dollar gained against its Australian counterpart after Standard & Poor’s warned that country could lose its AAA debt rating unless the A$49.9 billion budget deficit is reined in and after its central bank ... More >>
