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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 1097]
Smartpay shares soar to 2-year high as Milford takes stake
Tuesday, 8 October 2013, 10:55 am | BusinessDesk
Oct. 8 (BusinessDesk) – Smartpay shares have jumped to a two-year high after fund manager Milford Asset Management disclosed a 6.3 percent stake in a bet on the potential for the restructured eftpos company to repeat its New Zealand success in Australia. More >>
NZ business confidence rises to highest in more than 3 years
Tuesday, 8 October 2013, 10:26 am | BusinessDesk
Oct. 8 (BusinessDesk) – Business confidence rose to its highest in more than three years in the third quarter and broadened beyond Canterbury, according to the latest Quarterly Survey of Business Opinion from the New Zealand Institute of Economic Research. More >>
Sky TV let off on alleged past breaches of competition law
Tuesday, 8 October 2013, 10:13 am | BusinessDesk
Oct. 8 (BusinessDesk) – Sky Network Television has been let off with a warning for allegedly anti-competitive clauses in its contracts with resellers of its broadcast content because the Commerce Commission says it would cost too much to prosecute ... More >>
Infratil chairman David Newman takes medical leave
Tuesday, 8 October 2013, 10:11 am | BusinessDesk
Oct. 8 (BusinessDesk) - Infratil chairman David Newman has stepped down from the board of the infrastructure investor for a period of medical leave. More >>
Infratil chairman David Newman takes medical leave
Tuesday, 8 October 2013, 10:10 am | BusinessDesk
Oct. 8 (BusinessDesk) - Infratil chairman David Newman has stepped down from the board of the infrastructure investor for a period of medical leave. More >>
Abano steps up pressure on bidders over audiology unit price
Tuesday, 8 October 2013, 9:19 am | BusinessDesk
Oct. 8 (BusinessDesk) - Abano Healthcare, the specialist medical investor, is calling on a consortium mounting a hostile takeover bid to put a price on the audiology unit it plans to dump for a nominal value if the acquisition succeeds. More >>
NZ dollar gains vs. Aust ahead of confidence surveys
Tuesday, 8 October 2013, 8:37 am | BusinessDesk
Oct. 8 (BusinessDesk) – The New Zealand dollar advanced against its Australian counterpart ahead of business confidence surveys in both countries today which may show the divergent paths of the two economies. More >>
While you were sleeping: Stocks down, bonds up
Tuesday, 8 October 2013, 7:14 am | BusinessDesk
Oct 8 (BusinessDesk) – US stocks fell, while Treasuries rose, amid continuing concern about the ongoing impasse over US federal government funding and the potential risk of a debt default. More >>
MARKET CLOSE: NZ shares fall in absence of Aust traders
Monday, 7 October 2013, 5:46 pm | BusinessDesk
Oct. 7 (BusinessDesk) – New Zealand shares fell, with trading muted as some Australian states celebrated Labour Day and with no sign politicians in Washington can break their budget standoff. Fletcher Building paced the decline and Sky Network Television ... More >>
Old Fletchers hand Ian Boyd takes the reins at Te Arawa
Monday, 7 October 2013, 5:34 pm | BusinessDesk
Oct. 7 (BusinessDesk) – Bay of Plenty iwi Te Arawa has appointed one-time joint chief executive at Fletcher Forests, Ian Boyd, to head its commercial entity, Te Arawa Group Holdings. More >>
NZ dollar drifts lower, holds in recent range on US impasse
Monday, 7 October 2013, 5:07 pm | BusinessDesk
Oct. 7 (BusinessDesk) – The New Zealand dollar drifted lower, while remaining within its recent range, as the stalled budget talks in the US kept traders from taking big positions, while a business confidence survey tomorrow is expected to affirm ... More >>
NZ operating deficit smaller than forecast
Monday, 7 October 2013, 4:16 pm | BusinessDesk
Oct. 7 (BusinessDesk) - The New Zealand government posted a smaller operating deficit than forecast in the May budget after taking in more corporate tax take and spending less than expected on the Canterbury earthquake. The government affirmed its target ... More >>
NZ govt on track for budget surplus in 2015
Monday, 7 October 2013, 4:16 pm | BusinessDesk
Oct. 7 (BusinessDesk) - The New Zealand government posted a smaller operating deficit than forecast in the May budget on a bigger corporate tax take and less spending on the Canterbury earthquake than expected, and is sticking to its target to reach ... More >>
Port of Tauranga may lift dividends as spending abates
Monday, 7 October 2013, 1:31 pm | BusinessDesk
Oct. 7 (BusinessDesk) – Port of Tauranga, New Zealand’s largest export port, may increase its dividend payout ratio and make additional capital payments to investors as cash flows return to normal levels after a period of higher spending, according ... More >>
Telecom in drive to latch on to growing data usage with 4G
Monday, 7 October 2013, 1:17 pm | BusinessDesk
Telecom in drive to latch on to growing data usage with 4G mobile launch next month More >>
Infratil stock undervalued after Z selldown: First NZ
Monday, 7 October 2013, 12:51 pm | BusinessDesk
Oct. 7 (BusinessDesk) – Infratil stock is about 20 percent undervalued given the performance of its investment in Z Energy, the likely avoidance of regulation for Wellington International Airport and a foreign exchange gain, according to First ... More >>
MIDDAY UPDATE: Government to open books this afternoon
Monday, 7 October 2013, 12:19 pm | BusinessDesk
Oct. 7 (BusinessDesk) – the government is set to open its books for the 2013 year this afternoon in what will probably be a smaller deficit that previously feared. More >>
NZ Dollar Outlook: Kiwi range-bound on US impasse
Monday, 7 October 2013, 11:39 am | BusinessDesk
Oct. 7 (BusinessDesk) - The New Zealand dollar may be range-bound this week, ending largely unchanged, as investors wait on the sidelines for the US government to end its deadlock. More >>
NZ dollar little changed as US budget stalemate continues
Monday, 7 October 2013, 8:34 am | BusinessDesk
Oct. 7 (BusinessDesk) – The New Zealand dollar is little changed as investors await the outcome of stalled budget talks in the US. More >>
World Week Ahead: Shutdown impact widens
Monday, 7 October 2013, 7:18 am | BusinessDesk
Oct. 7 (BusinessDesk) – Nobody has blinked yet in the US budget standoff and lawmakers seem further from rather than closer to reaching an accord, bolstering concern about another political hot potato—the need to raise the federal government's debt ceiling ... More >>
