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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 997]
Abano wins bid to sack rebel shareholder Hutson, wife
Monday, 19 May 2014, 9:46 am | BusinessDesk
May 19 (BusinessDesk) - Abano Healthcare won a bid to sack rebel shareholder Peter Hutson and his wife Anya from their audiology joint venture, Bay International. More >>
Goodman Fielder board backs Asian buyers’ A$1.37 bln offer
Monday, 19 May 2014, 9:00 am | BusinessDesk
May 19 (BusinessDesk) - The board of Goodman Fielder will unanimously back a A$1.37 billion takeover bid by Singapore-based Wilmar International and Hong Kong-listed investment firm First Pacific Co in the absence of a better offer. Wilmar, the world’s ... More >>
NZ dollar weakens after Chinese data shows property slowdown
Monday, 19 May 2014, 8:40 am | BusinessDesk
May 19 (BusinessDesk) – The New Zealand dollar weakened after Chinese data at the weekend signalled a slowdown in the property market of Asia’s largest economy. More >>
World Week Ahead: Fed minutes, Yellen address
Monday, 19 May 2014, 8:11 am | BusinessDesk
May 19 (BusinessDesk) – Investors will eye the latest US Federal Reserve meeting minutes as well as a speech by Chair Janet Yellen for fresh clues to help justify Wall Street trading near record highs. More >>
Auckland Airport forecasts $19B worth of tourism by 2025
Friday, 16 May 2014, 6:07 pm | BusinessDesk
By Suze Metherell May 16 (BusinessDesk) – Auckland International Airport, the nation's busiest gateway, is targeting 6 percent growth in visitor arrivals by 2025, worth up to $19 billion to New Zealand's tourism industry by tapping into Asia's growing ... More >>
MARKET CLOSE: NZ shares decline as tensions in Ukraine weigh
Friday, 16 May 2014, 5:59 pm | BusinessDesk
May 16 (BusinessDesk) - New Zealand stocks fell, tracking global stocks lower, as concerns about continuing tensions in Ukraine weigh on investor sentiment. More >>
Kiwi may fall as greenback shrugs off mixed economic data
Friday, 16 May 2014, 5:11 pm | BusinessDesk
May 16 (BusinessDesk) - The New Zealand dollar may fall as traders continue to back the greenback in the face of mixed US economic data driving down interest rates in the world’s biggest economy, which would typically weigh on the American currency. More >>
Fletcher affected by govt move to cut tariffs, Key says
Friday, 16 May 2014, 4:45 pm | BusinessDesk
May 16 (BusinessDesk) – Fletcher Building, New Zealand’s dominant building materials company, will be affected by falling prices as a result of the government’s decision to cut tariffs on imported building supplies to improve housing affordability, Prime ... More >>
Trustpower expects A$20M NPAT uplift from Aussie wind farm
Friday, 16 May 2014, 3:14 pm | BusinessDesk
May 16 (BusinessDesk) – Trustpower is expecting an after-tax uplift in earnings of A$19.9 million within two years from stage two of its South Australian Snowtown wind project. More >>
Belgrave Finance lawyer Hugh Hamilton convicted on fraud
Friday, 16 May 2014, 2:35 pm | BusinessDesk
May 16 (BusinessDesk) - Belgrave Finance legal adviser Hugh Hamilton, a former mayor of Central Hawke’s Bay, has been convicted of 14 charges over the lender’s 2008 collapse, and faces up to seven years in jail. More >>
Ryman shares drop to four-day low as increased costs eyed
Friday, 16 May 2014, 12:19 pm | BusinessDesk
Ryman shares drop to four-day low as increased costs seen weighing on future earnings More >>
Wilmar, First Pacific sweeten Goodman bid by A$100M
Friday, 16 May 2014, 11:09 am | BusinessDesk
Wilmar, First Pacific sweeten Goodman bid by A$100M, won’t go higher without rival offer More >>
Meridian sells US solar plant for undisclosed sum
Friday, 16 May 2014, 10:41 am | BusinessDesk
May 16 (BusinessDesk) - Meridian Energy, the country’s largest listed power company, sold its Californian solar plant for an undisclosed sum, wrapping up its exit from the US energy market. More >>
Warehouse CFO Stephen Small dies suddenly
Friday, 16 May 2014, 9:36 am | BusinessDesk
May 16 (BusinessDesk) - Warehouse Group chief financial officer Stephen Small has died after two years with the retailer. More >>
NZ dollar falls to two-week low vs yen
Friday, 16 May 2014, 8:37 am | BusinessDesk
May 16 (BusinessDesk) – The New Zealand dollar slid to a two-week low against the yen as investors shied away from so-called riskier currencies in favour of safe havens. More >>
While you were sleeping: Wal-Mart, Kohl’s disappoint
Friday, 16 May 2014, 7:38 am | BusinessDesk
May 16 (BusinessDesk) – Wall Street declined as disappointing earnings from Wal-Mart and a surprise drop in US industrial production exacerbated nervousness about equities trading near record highs. More >>
Goodman Fielder shares halted on possible ownership change
Thursday, 15 May 2014, 5:51 pm | BusinessDesk
May 15 (BusinessDesk) - Shares in Goodman Fielder have been halted while the food ingredients maker contemplates a takeover offer, just over a fortnight after receiving a A$1.27 billion bid led by the world’s largest palm oil processor, Singapore-based ... More >>
Goodman Fielder shares halted on possible ownership change
Thursday, 15 May 2014, 5:51 pm | BusinessDesk
May 15 (BusinessDesk) - Shares in Goodman Fielder have been halted while the food ingredients maker contemplates a takeover offer, just over a fortnight after receiving a A$1.27 billion bid led by the world’s largest palm oil processor, Singapore-based ... More >>
MARKET CLOSE: NZ shares fall on Ryman earnings
Thursday, 15 May 2014, 5:41 pm | BusinessDesk
May 15 (BusinessDesk) – New Zealand stocks fell, paced by Ryman Healthcare after its annual earnings, and Fletcher Building after the government waved tariffs on imported building products. Mainfreight led the NZX 50 Index lower, while Xero, a2 ... More >>
NZ dollar gains as govt flags bigger surpluses
Thursday, 15 May 2014, 5:13 pm | BusinessDesk
May 15 (BusinessDesk) - The New Zealand dollar rose after Finance Minister Bill English signalled bigger fiscal surpluses were coming in an economy seen to be growing faster than previously thought, and ahead of US data. More >>
