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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 1096]
MARKET CLOSE: NZ shares extend slide as Meridian IPO looms
Wednesday, 9 October 2013, 6:03 pm | BusinessDesk
Oct. 9 (BusinessDesk) – New Zealand shares extended their decline, led by Pumpkin Patch, Chorus and MightyRiverPower as investors sold shares in preparation for the partial privatisation of Meridian Energy shares and as weak card spending figures ... More >>
Mainfreight calls in police over misappropriations
Wednesday, 9 October 2013, 5:25 pm | BusinessDesk
Oct. 9 (BusinessDesk) – Mainfreight, the transport and logistics group, said it has uncovered misappropriation by a credit controller at its Daily Freight (1994) subsidiary and referred the matter to the police. More >>
NZ dollar little changed in face of US shutdown
Wednesday, 9 October 2013, 5:13 pm | BusinessDesk
Oct. 9 (BusinessDesk) - The New Zealand dollar was little changed as the US Federal government shutdown drags on and amid expectations Janet Yellen will get the nod to head up the Federal Reserve tomorrow. More >>
First 6,000 sections proposed under Auckland’s SHA policy
Wednesday, 9 October 2013, 12:55 pm | BusinessDesk
Oct. 9 (BusinessDesk) – The first 6,000 sections within Auckland’s special housing areas policy, which aims to address the city’s chronic housing shortage, have been announced by Housing Minister Nick Smith and Mayor Len Brown. More >>
Goodman Property plans $20.7M developments in Christchurch
Wednesday, 9 October 2013, 12:48 pm | BusinessDesk
Oct. 9 (BusinessDesk) - Goodman Property Trust, the country’s biggest listed property investor by market value, is planning two developments at Christchurch’s Glassworks Industry Park for a combined cost of some $20.7 million. More >>
NZ property values rise at 8.4% annual pace in Sept, QV says
Wednesday, 9 October 2013, 12:37 pm | BusinessDesk
NZ property values rise at 8.4% annual pace in September, led by Auckland, Christchurch, QV says More >>
MIDDAY UPDATE: Pressure mounts over superannuation age
Wednesday, 9 October 2013, 12:17 pm | BusinessDesk
Oct. 9 (BusinessDesk) – Retirement Commissioner Diane Maxwell has thrown her voice behind a growing call for the government to reconsider its stance on keeping the pension age of eligibility unchanged in a wide-ranging document on retirement income. More >>
NZ retail spending on credit, debit cards falls 0.8% in Sept
Wednesday, 9 October 2013, 11:31 am | BusinessDesk
NZ retail spending on credit, debit cards falls 0.8 percent, first decline since March More >>
Infratil names Mark Tume as acting chairman
Wednesday, 9 October 2013, 10:16 am | BusinessDesk
Oct. 9 (BusinessDesk) - Infratil named Mark Tume as acting chairman after announcing yesterday that David Newman had taken medical leave. More >>
OceanaGold to buy Pacific Rim Mining for C$10.2M
Wednesday, 9 October 2013, 10:04 am | BusinessDesk
OceanaGold to buy Pacific Rim Mining for C$10.2M to gain control of El Dorado Gold Project More >>
Retirement Commissioner says link pension age to lifespan
Wednesday, 9 October 2013, 9:55 am | BusinessDesk
Oct. 9 (BusinessDesk) - Retirement Commissioner Diane Maxwell wants the government to link the age people can access the national pension to their rising life expectancies in a wide-ranging document on the future of New Zealand superannuation. More >>
Independent Liquor sellers chalk up early win vs Asahi
Wednesday, 9 October 2013, 9:03 am | BusinessDesk
Oct. 9 (BusinessDesk) - The private equity firms that sold local booze maker and distributor Independent Liquor have won the first round of a court battle to prevent buyer Asahi Holdings accessing privileged documents relating to the sale. More >>
Scottish govet plans to buy Infratil’s Prestwick airport
Wednesday, 9 October 2013, 8:57 am | BusinessDesk
Oct. 9 (BusinessDesk) - The Scottish government plans to nationalise Infratil’s unprofitable Glasgow Prestwick Airport, which the Wellington-based investment company has been trying to sell since March last year. More >>
NZ dollar little changed as US political stalemate continues
Wednesday, 9 October 2013, 8:55 am | BusinessDesk
Oct 9 (BusinessDesk) – The New Zealand dollar was little changed as investors hold off making bets on the currency while US lawmakers remain in a stalemate over budget talks as the deadline to increase their debt ceiling looms. More >>
While you were sleeping: US stock slide deepens
Wednesday, 9 October 2013, 7:27 am | BusinessDesk
Oct 9 (BusinessDesk) – Wall Street slumped, with tech stocks selling off, as investors were increasingly concerned about the continued impasse between US lawmakers over the budget and debt ceiling. More >>
MARKET CLOSE: NZ shares drift in light trading
Tuesday, 8 October 2013, 5:44 pm | BusinessDesk
Oct. 8 (BusinessDesk) – New Zealand shares fell in subdued trading as the US budget standoff discouraged investors from making big bets on the direction of markets. A2 Corp and Michael Hill International were among leading decliners while Pumpkin ... More >>
NZ dollar little changed as US woes overshadow local data
Tuesday, 8 October 2013, 5:05 pm | BusinessDesk
Oct. 8 (BusinessDesk) - The New Zealand dollar was little changed as the stalemate among US legislators threatens to bring on a possible default by the world’s biggest economy, overshadowing upbeat business confidence surveys on both sides of the Tasman. More >>
Motor Trade Finance to appeal court ruling on loan contracts
Tuesday, 8 October 2013, 1:24 pm | BusinessDesk
Oct. 8 (BusinessDesk) – Motor Trade Finance, which has a lending book of about $460 million, said it intends to appeal a High Court judgement that some fees in its loan contracts were unreasonable. More >>
MIDDAY UPDATE: Sky TV gets slap on the wrist over ISP deals
Tuesday, 8 October 2013, 12:18 pm | BusinessDesk
Oct. 8 (BusinessDesk) – The country’s antitrust regulator has given pay-TV operator Sky Network Television a slap on the wrist over its content contracts with internet service providers, dishing out a written warning for probably stifling competition ... More >>
Insured Group stock suspended on lack of annual report
Tuesday, 8 October 2013, 11:55 am | BusinessDesk
Oct. 8 (BusinessDesk) – Insured Group, whose shares last changed hands more than five months ago, was suspended from trading on the New Zealand stock exchange for failing to provide its annual report on time. More >>
