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 1105]
Mums and Dads will pay $1.60 at most for Meridian shares
Friday, 20 September 2013, 11:57 am | BusinessDesk
Sept. 20 (BusinessDesk) – Meridian Energy shares are likely to list at between $1.50 and $1.80 apiece, but the highest price a retail investor will pay if they buy shares in the float will be $1.60, according to the offer documents released ... More >>
Oil industry faces skills shortages as drilling ramps up
Friday, 20 September 2013, 10:48 am | BusinessDesk
Sept. 19 (BusinessDesk) – New Zealand’s oil and gas sector needs to invest more in professional training for its drilling workforce to meet the growing demand for expertise, especially when offshore explorers hire drilling staff whose experience ... More >>
MRP director Miller, CFO Meek go trawling for cheap shares
Friday, 20 September 2013, 10:18 am | BusinessDesk
Sept. 20 (BusinessDesk) - MightyRiverPower director James Miller and chief financial officer William Meek went trawling for cheap shares when the government-controlled power company’s share price touched new lows this month. More >>
NZ dollar slips as traders mull later start to Fed tapering
Friday, 20 September 2013, 8:44 am | BusinessDesk
NZ dollar slips from 4-month high as investors mull later start to Fed tapering, better US data More >>
While you were sleeping: Wall Street slips from record
Friday, 20 September 2013, 7:27 am | BusinessDesk
Sept 20 (BusinessDesk) – Wall Street fell from record highs as investors reassessed expectations for the timing of a US Federal Reserve cutback in its monthly bond-buying program following the central bank's surprise decision yesterday to maintain it for ... More >>
MARKET CLOSE: NZX 50 at record on unchanged Fed, growth
Thursday, 19 September 2013, 5:53 pm | BusinessDesk
Sept. 19 (BusinessDesk) – New Zealand shares rose, pushing the NZX 50 Index to a new record as the Federal Reserve kept its stimulus unchanged and the local economy grew more than expected. Fletcher Building rose to a five-year high. More >>
NZ dollar soars to 4-month high as Fed holds fire
Thursday, 19 September 2013, 5:13 pm | BusinessDesk
NZ dollar soars to 4-month high as Fed holds fire on tapering, local economy grows More >>
Hutson quits Abano board after urging from other directors
Thursday, 19 September 2013, 4:36 pm | BusinessDesk
Sept. 19 (BusinessDesk) – Peter Hutson has resigned from the board of Abano Healthcare Group after the company questioned his ability to remain a director while considering a takeover of the business. More >>
Government offers to stump up $15M for international cable
Thursday, 19 September 2013, 4:23 pm | BusinessDesk
Sept. 19 (BusinessDesk) - The government is offering $15 million and to take an anchor tenancy to a new international telecommunications cable if it can handle turbo-charged requirements to handle research and education traffic. More >>
Supreme Court backs Bathurst in climate change ruling
Thursday, 19 September 2013, 3:49 pm | BusinessDesk
Sept. 19 (BusinessDesk) - The Supreme Court has dismissed an appeal seeking to have the impacts of climate change taken into account in the consenting of the controversial Escarpment mine on the West Coast’s Denniston Plateau, though Chief Justice Sian ... More >>
TrustPower, Ngai Tahu may invest $106M in Ruataniwha water
Thursday, 19 September 2013, 2:02 pm | BusinessDesk
Sept. 19 (BusinessDesk) – TrustPower, the utility controlled by Infratil, and Ngai Tahu Holdings may fund up to 40 percent of the capital costs of the controversial Ruataniwha Water Storage Scheme in Hawke’s Bay. More >>
Little reprieve for telcos from committee on intercept bill
Thursday, 19 September 2013, 2:02 pm | BusinessDesk
Sept. 19 (BusinessDesk) - Parliament’s law and order select committee has given the country’s telecommunications companies little cheer in its report back on legislation setting out their obligations to provide government surveillance agencies access ... More >>
Nuplex targets half billion dollar Asian sales in 5 years
Thursday, 19 September 2013, 1:25 pm | BusinessDesk
Sept. 19 (BusinessDesk) – Industrial and residential coatings manufacturer Nuplex is targeting sales from its Asian operations of $500 million a year in the year to March 31, 2018, the company says in a strategic update presentation posted as an ... More >>
NZ economy grows as building boom trumps drought
Thursday, 19 September 2013, 12:35 pm | BusinessDesk
Sept. 19 (BusinessDesk) - New Zealand’s economy grew faster than expected in the second three months of the year as demand for architecture and engineering services picked up ahead of the anticipated construction boom, trumping the impact of drought ... More >>
MIDDAY UPDATE: NZ economy grows 0.2%
Thursday, 19 September 2013, 12:15 pm | BusinessDesk
Sept. 19 (BusinessDesk) – New Zealand’s economy grew more than expected in the second three months of the year as architecture and engineering services trumped the country’s worst drought in seven decades, which crimped the agriculture sector. More >>
NZ economy grows 0.2% in 2Q, beating estimates
Thursday, 19 September 2013, 10:55 am | BusinessDesk
Sept. 19 (BusinessDesk) – New Zealand’s economy grew faster than expected in the second three months of the year as expansion in architecture and engineering services offset the impact of the drought which slowed agriculture. The kiwi dollar ... More >>
NZ shares poised to gain as Fed keeps printing money
Thursday, 19 September 2013, 9:42 am | BusinessDesk
Sept. 19 (BusinessDesk) – New Zealand’s share market is poised to touch a yet another new record today after the Federal Reserve unexpectedly kept its US$85 billion monthly money printing programme to support the US economic recovery. More >>
NZ dollar jumps after Fed keeps tapering on hold
Thursday, 19 September 2013, 8:39 am | BusinessDesk
Sept. 19 (BusinessDesk) – The New Zealand dollar jumped more than 1 US cent after the Federal Reserve unexpectedly chose not to start tapering its US$85 billion a month monetary stimulus programme this month, citing strains in the US economy. More >>
While you were sleeping: Dow, S&P 500 rally to records
Thursday, 19 September 2013, 7:06 am | BusinessDesk
Sept 19 (BusinessDesk) – Wall Street rallied, pushing the Dow Jones Industrial Average and the Standard & Poor's 500 Index to record highs, after the Federal Open Market Committee unexpectedly left the pace of monthly bond-buying program unchanged ... More >>
MARKET CLOSE: NZ shares rise; Tower, Fletcher gain
Wednesday, 18 September 2013, 5:38 pm | BusinessDesk
Sept. 18 (BusinessDesk) – New Zealand shares rose, with the NZX 50 Index edging up to a new record, as optimism about growth in the economy lifted stocks including Fletcher Building. Chorus fell to a six-week low amid a political argument over its ... More >>
