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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 1086]
ANZ New Zealand boosts annual cash profit 12%
Tuesday, 29 October 2013, 10:56 am | BusinessDesk
ANZ New Zealand boosts annual cash profit 12% as staff cuts trim costs, bad debts fall More >>
GuocoLeisure 1Q profit falls on hiring, year-earlier gains
Tuesday, 29 October 2013, 10:34 am | BusinessDesk
Oct. 29 (BusinessDesk) - GuocoLeisure, the diversified investment company once known as Brierley Investments, posted a 29 percent drop in first-quarter profit on costs for its hotel rebranding strategy. More >>
NZOG to use cash buffer to keep ‘competitive dividend’
Tuesday, 29 October 2013, 10:31 am | BusinessDesk
Oct. 29 (BusinessDesk) - New Zealand Oil & Gas, which has interests in the Tui and Kupe fields, will lean on its cash reserves to maintain a “competitive dividend” as it ramps up exploration. More >>
NZX boosts 3Q revenue 12% as new listings drive trading
Tuesday, 29 October 2013, 9:23 am | BusinessDesk
Oct. 29 (BusinessDesk) - NZX, the stock exchange operator and supervisor, lifted third quarter sales as newly listed companies and resurgent interest in the share market underpinned heavier trading volumes. More >>
NZ dollar gains vs. Australian currency ahead of RBA speech
Tuesday, 29 October 2013, 8:52 am | BusinessDesk
Oct. 29 (BusinessDesk) – The New Zealand dollar rose against its Australian counterpart and recovered against the greenback ahead of a speech by Reserve Bank of Australia governor Glenn Stevens and as traders look ahead to the two-day Federal Reserve meeting. More >>
While you were sleeping: Weak US manufacturing, housing data
Tuesday, 29 October 2013, 8:12 am | BusinessDesk
Oct. 29 (BusinessDesk) – US manufacturing production rose just 0.1 percent last month while contracts to buy existing homes posted their biggest drop in 3 ½ years, suggesting the federal shutdown helped take some air out of the world’s biggest ... More >>
World Week Ahead: Fed in the limelight
Monday, 28 October 2013, 9:59 am | BusinessDesk
Oct. 28 (BusinessDesk) – Federal Reserve policy makers will draw the limelight as they start a two-day meeting on Tuesday after which they are expected to signal ongoing stimulus to help the US economy get over the speed bump created by lawmakers’ ... More >>
Lombard Four can appeal sentences, but not convictions
Friday, 25 October 2013, 6:18 pm | BusinessDesk
Oct. 25 (BusinessDesk) - The Supreme Court has granted the four former directors of failed lender Lombard Finance & Investments leave to appeal their sentences on issues of fact, but turned down the application to have their convictions overturned. More >>
MARKET CLOSE: NZ stocks gain as Metlifecare attracts buyers
Friday, 25 October 2013, 5:47 pm | BusinessDesk
Oct. 25 (BusinessDesk) - New Zealand stocks rose, led by Metflifecare after infrastructure investor Infratil and the New Zealand Superannuation Fund agreed to buy shares in the retirement village operator and developer from cornerstone investor Retirement ... More >>
Kiwi heads for 2.1% weekly fall as focus switches to China
Friday, 25 October 2013, 5:31 pm | BusinessDesk
NZ dollar heads for 2.1 percent weekly fall as focus switches to China’s banks More >>
Australia’s Evolution pays premium to buy Acurity stake
Friday, 25 October 2013, 4:55 pm | BusinessDesk
Oct. 25 (BusinessDesk) – Evolution Healthcare, the Australian private equity healthcare company which owns Boulcott Hospital in Lower Hutt, is buying shares in Acurity Health which owns rival Wakefield Hospital. More >>
Govt considers dumping reduced reporting for multi-nationals
Friday, 25 October 2013, 4:48 pm | BusinessDesk
Oct. 25 (BusinessDesk) – The government is looking at ditching a rule change that would hide the financial statements of multi-national companies’ operating in New Zealand from public eyes. More >>
Metlifecare shares surge after Infratil, Super Fund buy in
Friday, 25 October 2013, 3:47 pm | BusinessDesk
Oct. 25 (BusinessDesk) – Shares in Metlifecare surged, making it the best performer on the NZX 50 benchmark index today, on optimism new cornerstone shareholders Infratil and the New Zealand Superannuation Fund will add value to the retirement village ... More >>
Acurity shares surge to 11-month high
Friday, 25 October 2013, 2:24 pm | BusinessDesk
Acurity shares surge to 11-month high as 3.4 percent of company changes hands More >>
RBNZ to keep rates on hold next week pressure to hike eases
Friday, 25 October 2013, 1:07 pm | BusinessDesk
RBNZ to keep rates on hold next week as housing, higher kiwi ease pressure on hikes More >>
MIDDAY UPDATE: Infratil gets busy with Metlifecare, Oz PPPs
Friday, 25 October 2013, 12:25 pm | BusinessDesk
Oct. 25 (BusinessDesk) – Wellington-based infrastructure investor Infratil has had a busy day, announcing two deals worth more than $200 million. More >>
Govt announces $200M-plus PPP makeover for Paremoremo prison
Friday, 25 October 2013, 11:56 am | BusinessDesk
Oct. 25 (BusinessDesk) – Auckland’s 45 year-old maximum security prison at Paremoremo is to get a makeover under a public-private partnership contract that is expected to be worth more than $200 million. More >>
Infratil sets aside A$100M for Australian PPPs
Friday, 25 October 2013, 10:40 am | BusinessDesk
Oct. 25 (BusinessDesk) - Infratil, which today took a cornerstone stake in retirement village operator and developer Metlifecare, plans to put aside A$100 million to invest in Australian public-private partnerships over the next few years. More >>
Infratil, NZ Super Fund nab nearly 40 percent of Metlifecare
Friday, 25 October 2013, 9:16 am | BusinessDesk
Oct. 25 (BusinessDesk) - Infrastructure investor Infratil and the New Zealand Superannuation Fund have taken cornerstone stakes in retirement village operator and developer Metlifecare, announcing purchases equivalent to 36.9 percent of the company and taking their joint ... More >>
NZ dollar declines on concerns over Chinese banking system
Friday, 25 October 2013, 8:58 am | BusinessDesk
Oct 25 (BusinessDesk) – The New Zealand dollar weakened as investors shun risk in favour of safe haven currencies amid concerns that Chinese banking woes could stymie growth in the world’s second-largest economy. More >>
