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 1075]
NZ services sector activity rises to 6-year high
Monday, 18 November 2013, 11:07 am | BusinessDesk
Nov. 18 (BusinessDesk) - New Zealand’s services sector, which accounts for almost two-thirds of the economy, accelerated to a six-year high in October, led by the strength of new orders and sales. More >>
Oaktree Capital ups MediaWorks stake as Rabo exits
Monday, 18 November 2013, 10:52 am | BusinessDesk
Nov. 18 (BusinessDesk) - US hedge fund Oaktree Capital, which is in the process of floating Australia’s Nine Entertainment, has lifted its stake in local free-to-air broadcaster MediaWorks, whose stable includes TV3 and Four, and radio stations including ... More >>
Silver Fern FY loss narrows to $28.6M
Monday, 18 November 2013, 9:32 am | BusinessDesk
Silver Fern Farms FY loss narrows to $28.6 mln, mulling options for sector overhaul More >>
Chorus may not pay forecast dividends in 2014
Monday, 18 November 2013, 9:27 am | BusinessDesk
Nov. 18 (BusinessDesk) – Chorus said it may not pay its forecast dividends in 2014 after the regulator affirmed it would impose price cuts on the network company building New Zealand’s ultra-fast broadband network. More >>
NZ dollar gains; weak US data, Yellen view hurt greenback
Monday, 18 November 2013, 8:45 am | BusinessDesk
Nov. 18 (BusinessDesk) – The New Zealand dollar rose as weaker data out of the US and comments by Federal Reserve nominee chair Janet Yellen increased bets the Fed won’t pull back on its stimulus programme anytime soon. More >>
World Week Ahead: Central banks retain spotlight
Monday, 18 November 2013, 6:49 am | BusinessDesk
Nov. 18 (BusinessDesk) – Minutes from the latest meetings of central bankers in the US, the UK and Australia will be scrutinised in the days ahead for further clues on the amount and type of support investors can continue to expect. More >>
Government to sell 20% of Air NZ
Sunday, 17 November 2013, 2:57 pm | BusinessDesk
Nov. 17 (BusinessDesk) – The government is selling 20 percent of Air New Zealand, worth $363 million at Friday’s price, via a bookbuild to institutions and brokers, reducing the Crown’s holding to 53 percent and beating a referendum on asset sales. More >>
MARKET CLOSE: NZ shares mixed as Chorus gains, HLG falls
Friday, 15 November 2013, 5:40 pm | BusinessDesk
MARKET CLOSE: NZ shares mixed as Chorus, Ryman, Blis, Turners gain, Hallenstein, AWF, Rakon fall More >>
NZ dollar edges up this week as Yellen confirms Fed caution
Friday, 15 November 2013, 5:17 pm | BusinessDesk
Nov. 15 (BusinessDesk) - The New Zealand dollar is heading for 0.6 percent gain this week after US Federal Reserve chair nominee Janet Yellen said she doesn’t plan on unwinding the central bank’s massive stimulus programme while the economic recovery ... More >>
Australia’s CJZ buys New Zealand's Greenstone TV
Friday, 15 November 2013, 4:27 pm | BusinessDesk
Nov. 15 (BusinessDesk) - Australia’s Cordell Jigsaw Zapruder has got a toe-hold on New Zealand’s reality TV, buying Greenstone TV for an undisclosed sum. More >>
David Ross dished out record jail-time over Ponzi fraud
Friday, 15 November 2013, 2:43 pm | BusinessDesk
Nov. 15 (BusinessDesk) - Disgraced fund manager David Ross faces the longest jail-term imposed by the courts for a case brought by the Serious Fraud Office for his long-running Ponzi scheme which the judge said was motivated by a “twisted form of vanity” ... More >>
Adams hires EY Australia to run ruler over Chorus books
Friday, 15 November 2013, 2:28 pm | BusinessDesk
Nov. 15 (BusinessDesk) - Communications Minister Amy Adams has hired Ernst & Young Australia to investigate Chorus’s financial position after the Commerce Commission ordered price cuts to the network operator’s copper lines. More >>
Transpower plans to sell as much as $200M of five-year bonds
Friday, 15 November 2013, 1:15 pm | BusinessDesk
Transpower plans to sell as much as $200M of five-year bonds to bolster finances More >>
David Ross jailed for 10 yrs, 10 mths jail over Ponzi scheme
Friday, 15 November 2013, 12:09 pm | BusinessDesk
Nov. 15 (BusinessDesk) - David Ross, the former manager of Ross Asset Management, has been sentenced to 10 years and 10 months after pleading guilty to charges that he ran a Ponzi scheme. He will spend at least half that time in jail. More >>
GPG says Coats 3Q sales rise 7%, awaits pension ruling
Friday, 15 November 2013, 10:32 am | BusinessDesk
Nov. 15 (BusinessDesk) – Guinness Peat Group, which has exited more than 50 investments to focus on UK threadmaker Coats, said third-quarter sales for the textile company rose 7 percent in constant currency terms. More >>
Turners Auctions sees 10% rise in FY profit
Friday, 15 November 2013, 9:53 am | BusinessDesk
Turners Auctions sees 10% rise in annual profit after improved second half By Tina Morrison More >>
Infratil will continue with $64 mln buyback to bolster stock
Friday, 15 November 2013, 9:24 am | BusinessDesk
Nov. 15 (BusinessDesk) - Infratil, the listed infrastructure investor, will continue with a planned buyback worth as much as $64 million after putting the plan on ice last month while it mulled another transaction. More >>
NZ dollar gains against Aussie amid reviving local economy
Friday, 15 November 2013, 8:52 am | BusinessDesk
Nov. 15 (BusinessDesk) – The New Zealand dollar advanced against the Aussie after positive forward looking surveys yesterday painted a brighter picture for the local economy. More >>
Hallenstein Glasson warns 1H profit may fall 23 percent
Friday, 15 November 2013, 8:50 am | BusinessDesk
Nov. 15 (BusinessDesk) - Hallenstein Glasson, the clothing retailer, warned its first-half profit may fall by 23 percent with subdued sales in Australia and New Zealand. More >>
While you were sleeping: Yellen boosts Wall Street
Friday, 15 November 2013, 7:49 am | BusinessDesk
Nov 15 (BusinessDesk) – Wall Street advanced, pushing both the Dow Jones Industrial Average and the Standard & Poor's 500 Index to fresh record highs, amid signs Federal Reserve Chairman Ben Bernanke's nominated successor, Vice Chairman Janet ... More >>
