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 1024]
Chorus share price slump should have rung alarm, lawyer says
Monday, 17 March 2014, 6:18 pm | BusinessDesk
March 17 (BusinessDesk) - The sharp drop in Chorus’s share price after the Commerce Commission signalled plans to slash what the network operator could charge for access for services on its copper lines should have rung an alarm bell at the regulator, ... More >>
MARKET CLOSE: NZ stocks rise; Telecom gains before dividend
Monday, 17 March 2014, 6:10 pm | BusinessDesk
March 17 (BusinessDesk) – New Zealand stocks gained as investors sought out companies such as Telecom with relatively defensive earnings and reasonable dividend yield. Chorus rose as the network operator’s appeal against the regulator’s pricing ... More >>
NZ dollar pares slide as traders mull scope of rate hikes
Monday, 17 March 2014, 5:31 pm | BusinessDesk
NZ dollar pares slide as traders mull scope of rate hikes; GDP, Federal Reserve loom More >>
Feltex ‘woefully failed’ to disclose risks, lawyer says
Monday, 17 March 2014, 3:28 pm | BusinessDesk
March 17 (BusinessDesk) – Feltex Carpets was touted as having excellent investment features when the carpet-maker was taken public in 2004 but its prospectus failed to disclose risks that contributed to its collapse just two years later, a shareholder ... More >>
Regulator narrowed copper pricing models too much: Chorus
Monday, 17 March 2014, 2:50 pm | BusinessDesk
March 17 (BusinessDesk) - The Commerce Commission narrowed down its modelling to set the regulated price of Chorus’s copper lines without any evidential backing and didn’t account for a section of the act designed to minimise the risk to investors ... More >>
NZ Dollar Outlook: Kiwi set to fall on Ukraine tension, Fed
Monday, 17 March 2014, 2:47 pm | BusinessDesk
March 17 (BusinessDesk) – The New Zealand dollar may decline from elevated levels this week as concerns about tensions in Ukraine and a likely pullback in stimulus by the Federal Reserve weigh on the currency. More >>
NZ services sector activity eased in February
Monday, 17 March 2014, 11:40 am | BusinessDesk
NZ services sector activity eased in February as new orders fell at a record rate More >>
Dorchester Pacific adds Oxford Finance to its growing stable
Monday, 17 March 2014, 11:30 am | BusinessDesk
March 17 (BusinessDesk) – Dorchester Pacific, the finance company that avoided failure in 2010 by convincing investors to accept a debt-for-equity swap, will acquire Levin-based lender Oxford Finance. More >>
Consumer confidence rises to 9-year high
Monday, 17 March 2014, 10:53 am | BusinessDesk
March 17 (BusinessDesk) – New Zealand consumer confidence rose to a nine-year high in the first quarter of this year with optimism about the economy in the year ahead approaching record levels. More >>
RESEND: NZ economic growth probably slowed in 4th qtr
Monday, 17 March 2014, 9:17 am | BusinessDesk
March 17 (BusinessDesk) - New Zealand's economic growth probably slowed in the fourth quarter, after a dairy sector-driven spike three months earlier, while the continued growth in primary exports helped shrink the nation's current account deficit. More >>
NZ economic growth probably slowed to 0.9% pace in 4th qtr
Monday, 17 March 2014, 8:59 am | BusinessDesk
NZ economic growth probably slowed to 0.9% pace in 4th qtr while current account gap shrank More >>
NZ dollar drops vs. yen amid growing Ukraine uncertainty
Monday, 17 March 2014, 8:49 am | BusinessDesk
NZ dollar drops to 10-day low vs. yen as investors favour safe haven currencies More >>
World Week Ahead: Yellen sets the tone
Monday, 17 March 2014, 8:17 am | BusinessDesk
March 17 (BusinessDesk) – While the endgame in Crimea is unclear, the US central bank is all but certain to pare its pace of monthly bond purchases by another US$10 billion after its top policymakers meet for two days this week. More >>
MARKET CLOSE: NZ shares fall on China data
Friday, 14 March 2014, 5:36 pm | BusinessDesk
March 14 (BusinessDesk) – New Zealand stocks fell, joining a global sell off amid concern about a slowdown in China, Asia’s largest economy, after weaker than expected retail sales data. Xero and Fletcher Building paced the decline. More >>
NZ dollar heads for 0.9% weekly gain
Friday, 14 March 2014, 5:07 pm | BusinessDesk
NZ dollar heads for 0.9% weekly gain after RBNZ hikes interest rates, Ukraine jitters loom More >>
NZF Group searches for new auditor after RSM Prince quits
Friday, 14 March 2014, 12:16 pm | BusinessDesk
March 14 (BusinessDesk) –NZF Group, which was fined and suspended from trading on the stock exchange last year after a four-and-a-half month delay in filing its annual report, is on the hunt for a new auditor after RSM Prince resigned. More >>
NZ manufacturing grows for 18th month, jobs outlook upbeat
Friday, 14 March 2014, 11:42 am | BusinessDesk
March 14 (BusinessDesk) – New Zealand manufacturing activity expanded for an 18th straight month in February with signs a buoyant economy is creating jobs. More >>
Pharmacybrands changes name as part of transformation
Friday, 14 March 2014, 9:10 am | BusinessDesk
March 14 (BusinessDesk) - Pharmacybrands, which this week took a half-stake in nursing and healthcare provider Total Care Health Services, will rename itself as Green Cross Health as it moves to transform into an integrated primary healthcare services firm. More >>
Wynyard raises $30 mln in placement to drive growth
Friday, 14 March 2014, 8:54 am | BusinessDesk
March 14 (BusinessDesk) - Wynyard Group, whose shares have soared 158 percent since they listed in July, raised $30 million in a placement to drive growth plans, and will seek a further $5 million in a share purchase plan from existing investors. More >>
NZ dollar retreats from 11-month high on risk sentiment
Friday, 14 March 2014, 8:51 am | BusinessDesk
NZ dollar retreats on risk sentiment after touching 11-month high following interest rate hike More >>
