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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 996]
Kiwis more confident about financial markets, FMA says
Tuesday, 20 May 2014, 10:57 am | BusinessDesk
May 20 (BusinessDesk) – Public confidence in New Zealand’s financial markets is growing, particularly among middle-income earners, according to a survey by the Financial Markets Authority. More >>
Abano tips positive earnings from struggling audiology JV
Tuesday, 20 May 2014, 10:29 am | BusinessDesk
May 20 (BusinessDesk) - Abano Healthcare, the medical investor embroiled in a dispute with its biggest shareholder, anticipates its Australian and Asian audiology joint venture will start making a positive contribution to earnings in the next financial ... More >>
Kiwi Income posts 7.8% drop in FY profit on CBA exit costs
Tuesday, 20 May 2014, 10:20 am | BusinessDesk
Kiwi Income posts 7.8% drop in annual profit on costs to exit CBA management contract By Tina Morrison More >>
Evergreen, new Armourguard owner, wins $80M MSD contract
Tuesday, 20 May 2014, 9:39 am | BusinessDesk
May 20 (BusinessDesk) - Evergreen International NZ has won an $80 million contract to supply security services to the Ministry of Social Development, just six months after the private equity-owned firm acquired the Armourguard Security business in ... More >>
NZ dollar falls to 3-week low vs. yen on growth concerns
Tuesday, 20 May 2014, 8:44 am | BusinessDesk
May 20 (BusinessDesk) – The New Zealand dollar touched a three-week low against the yen as investors retreated to the haven of the Japanese currency on concerns global growth may be slowing. More >>
Wellington looks to $125M waterfront convention centre
Tuesday, 20 May 2014, 7:53 am | BusinessDesk
May 20 (BusinessDesk) – The Wellington City Council appears close to signing a heads of agreement with the Hilton hotel chain and local property developer Mark Dunajtschik for a $125 million convention centre on the waterfront opposite the national ... More >>
While you were sleeping: AT&T slips after deal
Tuesday, 20 May 2014, 7:49 am | BusinessDesk
May 20 (BusinessDesk) – Wall Street inched higher as investors remained cautious with equities trading near record highs, even as companies such as AT&T were confident enough to do some of the largest takeover deals in history. More >>
Offshore ironsands miner confident of consent
Monday, 19 May 2014, 5:51 pm | BusinessDesk
May 19 (BusinessDesk) – A company seeking permission to mine ironsands off the coast of Patea in New Zealand’s Exclusive Economic Zone says it is “confident” the project “can proceed.” More >>
MARKET CLOSE:NZ shares fall with ASX; Kathmandu, SKC drop
Monday, 19 May 2014, 5:48 pm | BusinessDesk
May 19 (BusinessDesk) – New Zealand shares fell, paced by companies with exposure to a weaker Australian economy such as SkyCity Entertainment Group, Kathmandu Holdings and Michael Hill International. Trade Me Group slid after an analyst downgraded the ... More >>
Ngai Tahu follows Trustpower in quitting Ruataniwha scheme
Monday, 19 May 2014, 5:36 pm | BusinessDesk
May 19 (BusinessDesk) – The Hawke’s Bay’s Ruataniwha Water Storage Scheme has been dealt another blow after the South Island’s Ngai Tahu followed Trustpower in withdrawing from the irrigation project. More >>
NZ to dust off India FTA following Modi win
Monday, 19 May 2014, 5:29 pm | BusinessDesk
May 19 (BusinessDesk) – The New Zealand government will dust off the stalled initiative for a free trade agreement with India, following the election of a new Indian government promising an economic reform agenda more likely to be welcoming of foreign trade ... More >>
NZ dollar edges up as producer prices hint at inflation
Monday, 19 May 2014, 5:08 pm | BusinessDesk
May 19 (BusinessDesk) - The New Zealand dollar edged up in local trading after government figures showed producer prices rose faster than expected, pointing to potential inflationary pressures. More >>
McMillan family sells out of Team McMillan to Collins Asset
Monday, 19 May 2014, 5:08 pm | BusinessDesk
May 19 (BusinessDesk) – The McMillan family is selling its half stake in Auckland-based BMW, Mini and Roll Royce dealer Team McMillan to co-owner Collins Asset Management, and founder Bob McMillan will retire from the business. More >>
Sheep farmers to vote in October on reinstating wool levy
Monday, 19 May 2014, 2:45 pm | BusinessDesk
Sheep farmers to vote in October on reinstating wool levy to fund industry good body More >>
NZ Dollar Outlook: Kiwi may stall as rates track mulled
Monday, 19 May 2014, 12:27 pm | BusinessDesk
NZ Dollar Outlook: Kiwi may stall this week as investors weigh future interest rate path More >>
Wellington Drive shareholders to vote of pref. share issue
Monday, 19 May 2014, 11:55 am | BusinessDesk
Wellington Drive shareholders to vote of pref. share issue that could hand control to SuperLife By Suze Metherell More >>
NZ producer prices rise in first quarter
Monday, 19 May 2014, 11:26 am | BusinessDesk
May 19 (BusinessDesk) - New Zealand producers’ input and output prices rose in the first three months of the year, driven by higher costs to generate electricity because of low hydro-lake levels and more expensive thermal generation. More >>
NZ producer prices rise in first quarter
Monday, 19 May 2014, 11:26 am | BusinessDesk
May 19 (BusinessDesk) - New Zealand producers’ input and output prices rose in the first three months of the year, driven by higher costs to generate electricity because of low hydro-lake levels and more expensive thermal generation. More >>
AFT Pharmaceuticals mulls listing on NZX
Monday, 19 May 2014, 11:16 am | BusinessDesk
May 19 (BusinessDesk) – Privately held drugs developer and reseller AFT Pharmaceuticals is contemplating a listing on the NZX, having attracted a 10.6 percent equity investment from a US specialist healthcare investment fund and Auckland-based Milford Asset ... More >>
NZ services sector activity rises to 6 year high
Monday, 19 May 2014, 11:15 am | BusinessDesk
May 19 (BusinessDesk) - New Zealand services sector activity, which accounts for about two thirds of the economy, rose for a second month in April to reach the highest in more than six years, led by new orders and sales. The BNZ-BusinessNZ performance ... More >>
