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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 1057]
NZ dollar little changed
Tuesday, 24 December 2013, 4:01 pm | BusinessDesk
Dec. 24 (BusinessDesk) – The New Zealand dollar was little changed against major currencies today, reflecting low liquidity and a lack of new data leading in to the Christmas holiday period. More >>
MARKET CLOSE: NZ stocks rise before Xmas, Fletcher gains
Tuesday, 24 December 2013, 1:47 pm | BusinessDesk
Dec. 24 (BusinessDesk) – New Zealand stocks rose on Christmas Eve, pushing the NZX 50 Index to a three-week high, as the outlook for the construction industry helped lift Fletcher Building and Warehouse Group led some retailers higher in the peak ... More >>
NZ 2014 election weighs on equity market, First NZ says
Tuesday, 24 December 2013, 12:02 pm | BusinessDesk
NZ 2014 election weighs on equity market, may weaken business confidence, currency, First NZ says More >>
James Hardie settles legal action with NZ government
Tuesday, 24 December 2013, 9:38 am | BusinessDesk
Dec. 24 (BusinessDesk) – James Hardie Industries, the Australian building materials supplier, settled legal action with the New Zealand government over leaky school buildings. More >>
Talley’s to lift Open Country stake to as much as 70.5%
Tuesday, 24 December 2013, 9:14 am | BusinessDesk
Talley’s to lift Open Country stake to as much as 70.5 percent buying shares from Olam for $46.5M More >>
NZ dollar edges up in quiet trading leading into Christmas
Tuesday, 24 December 2013, 8:40 am | BusinessDesk
Dec. 24 (BusinessDesk) – The New Zealand dollar advanced in subdued trading heading into the quiet Christmas holiday period. More >>
While you were sleeping: IMF, Apple lift stocks
Tuesday, 24 December 2013, 7:30 am | BusinessDesk
Dec 24 (BusinessDesk) – Wall Street rose, pushing the Dow Jones Industrial Average and the Standard & Poor’s 500 Index to fresh record highs, as the International Monetary Fund said it plans to lift its outlook for the US economy. More >>
MARKET CLOSE: NZ shares gain; ANZ, Westpac rise
Monday, 23 December 2013, 6:20 pm | BusinessDesk
Dec. 23 (BusinessDesk) – New Zealand shares rallied as Australia & New Zealand Banking Group and Westpac Banking Corp shrugged off Australian regulatory requirements to hold more capital and offshore investors saw value in a market that has lagged ... More >>
NZ dollar holds near 3-week low heading into Christmas break
Monday, 23 December 2013, 5:58 pm | BusinessDesk
Dec. 23 (BusinessDesk) - The New Zealand dollar held near its lowest in more than three weeks heading into the Christmas break and was weaker against the Australian dollar while not moving outside its recent trading range. More >>
Summerset taps Housing NZ’s Scott Scoullar as CFO
Monday, 23 December 2013, 4:11 pm | BusinessDesk
Dec. 23 (BusinessDesk) - Summerset Group, the retirement village operator whose shares have gained 47 percent in the past 12 months, named Scott Scoullar as chief financial officer, filling a vacancy left by Julian Cook, who has been promoted to chief executive. More >>
GuocoLeisure, once known as Brierley, to leave NZX mid-2014
Monday, 23 December 2013, 1:43 pm | BusinessDesk
Dec. 23 (BusinessDesk) - GuocoLeisure, the diversified investment company once known as Brierley Investments, plans to delist from the NZX, meaning its dwindling New Zealand shareholder base will have to use the Singapore Exchange in future. More >>
Goodman Fielder sells biscuit unit to Green’s for net A$17M
Monday, 23 December 2013, 10:53 am | BusinessDesk
Goodman Fielder sells biscuit unit to Green’s for net A$17M, takes charge up to A$55M More >>
NZ Oil & Gas takes 36% stake in Indonesia permit
Monday, 23 December 2013, 10:52 am | BusinessDesk
Dec. 23 (BusinessDesk) – New Zealand Oil & Gas, the nation’s largest oil explorer, has taken a 36 percent stake in a consortium to explore onshore south Sumatra, Indonesia. More >>
NZ prices for broadband, phone bundles decline
Monday, 23 December 2013, 10:19 am | BusinessDesk
Dec. 23 (BusinessDesk) – New Zealand prices for a combined package of broadband and phone services have fallen over the past two years but remain higher than the OECD average. More >>
GPG gets warning notices from UK Pensions Regulator
Monday, 23 December 2013, 9:39 am | BusinessDesk
Dec. 23 (BusinessDesk) - Guinness Peat Group, which has exited more than 50 investments to focus on UK threadmaker Coats, said the UK’s Pensions Regulator has issued warning notices over its pension plans. More >>
YEAR IN REVIEW: White gold emerges triumphant
Monday, 23 December 2013, 9:08 am | BusinessDesk
Dec. 20 (BusinessDesk) - Soaring commodity prices and insatiable Chinese demand for milk powder helped the primary sector emerge largely unscathed from last summer’s drought and Fonterra Cooperative Group’s series of food scares in 2014. More >>
NZ dollar drops to week low against Aussie
Monday, 23 December 2013, 9:02 am | BusinessDesk
NZ dollar drops to week low against Aussie as good NZ story fully priced into the currency More >>
World Week Ahead: Optimism for equities
Monday, 23 December 2013, 8:57 am | BusinessDesk
Dec. 23 (BusinessDesk) –The optimism triggered by the US Federal Reserve’s decision to begin tapering its bond-buying program next month as the world’s biggest economic recovery gathers speed appears likely to extend into this Christmas-holiday shortened ... More >>
MARKET CLOSE: NZ shares weaken ahead of Christmas holidays
Friday, 20 December 2013, 5:48 pm | BusinessDesk
Dec. 20 (BusinessDesk) – New Zealand shares weakened ahead of the Christmas holiday period in mixed trading as investors cash up for profits. More >>
NZ dollar heads for 0.7 percent dip this week
Friday, 20 December 2013, 5:13 pm | BusinessDesk
NZ dollar heads for 0.7 percent dip this week after Fed dials down money printing a little More >>
