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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 1129]
Ex-CBA boss Ralph Norris to lead Fonterra board inquiry
Monday, 12 August 2013, 9:17 am | BusinessDesk
Aug. 12 (BusinessDesk) – Former Commonwealth Bank of Australia chief Ralph Norris is to lead Fonterra Cooperative Group’s board inquiry into the botulism contamination scare, helped by former High Court judge Judith Potter and Chapman Tripp lawyer Jack ... More >>
NZ dollar falls to week low vs. Australian dollar
Monday, 12 August 2013, 8:49 am | BusinessDesk
Aug. 12 (BusinessDesk) – The New Zealand dollar declined to a week low against its Australian counterpart on optimism about economic growth in China, Australia’s largest trading partner. More >>
World Week Ahead: Fed talk, US retailers
Monday, 12 August 2013, 7:37 am | BusinessDesk
Aug. 12 (BusinessDesk) – Wall Street will keep its collective eye on speeches by US Federal Reserve officials as well as the latest monthly retail sales data and the latest quarterly earnings of a slew of American retailers including Wal-Mart. More >>
Acurity Health expects subdued demand to continue into 2014
Friday, 9 August 2013, 5:41 pm | BusinessDesk
Aug. 9 (BusinessDesk) – Acurity Health Group, the private hospital operator formerly known as Wakefield Health, expects weak demand for private sector health care to continue in the current financial year. More >>
MARKET CLOSE: NZ shares fall; Kathmandu leads retailers down
Friday, 9 August 2013, 5:36 pm | BusinessDesk
Aug. 9 (BusinessDesk) – New Zealand shares fell, pushing the NZX 50 Index to a month low, as Kathmandu led a decline in retailers after soft electronic cards data and MightyRiverPower extended its slide on concern about future power demand. More >>
NZ dollar heads for 2.1% weekly gain as Fonterra fears ease
Friday, 9 August 2013, 5:15 pm | BusinessDesk
NZ dollar heads for 2.1% weekly gain as Fonterra fears ease, China stokes risk appetite More >>
King Salmon's Marlborough Sounds consents upheld at appeal
Friday, 9 August 2013, 4:52 pm | BusinessDesk
Aug. 9 (BusinessDesk) - Campaigners against a substantial increase in aquaculture in the Marlborough Sounds have lost their appeals against Environment Court rulings that had already upheld resource consents granted by a board of inquiry. More >>
Sanford annual profit to miss forecast on lower harvest
Friday, 9 August 2013, 4:38 pm | BusinessDesk
Aug 9 (BusinessDesk) – Sanford, New Zealand’s largest listed fishing company, said annual profit will fall short of its forecast after lower catches of skipjack tuna and toothfish and slow growth in its main Marlborough mussel growing area. The ... More >>
Landcorp 2013 profit probably higher than forecast
Friday, 9 August 2013, 3:49 pm | BusinessDesk
Aug 9 (BusinessDesk) – Landcorp Farming, New Zealand’s biggest farmer, says earnings may be a smidgen higher than first budgeted after initially thinking it may only breakeven this year when drought hit milk production and livestock price. More >>
Young Kiwis show highest jump in heading homewards
Friday, 9 August 2013, 3:46 pm | BusinessDesk
Aug. 9 (BusinessDesk) - Young New Zealanders are leading the homeward charge, with the largest influx of returning kiwis coming from Australia as its economy weakens. More >>
Rural Equities’ Cushing to meet Tandou after building stake
Friday, 9 August 2013, 1:10 pm | BusinessDesk
Aug 9 (BusinessDesk) - Rural Equities will meet with the bosses of Tandou in the coming weeks after the local farming group controlled by the Cushing family built a 17.7 percent stake in the ASX-listed agribusiness. More >>
Govt to discuss terms of MPI probe into Fonterra on Monday
Friday, 9 August 2013, 12:59 pm | BusinessDesk
Aug. 9 (BusinessDesk) - New Zealand government ministers will discuss the terms of a Ministry for Primary Industries inquiry into the Fonterra Cooperative Group food scare on Monday after officials work through the weekend to nut out the details. More >>
MIDDAY UPDATE: Turners & Growers almost triples first half p
Friday, 9 August 2013, 12:22 pm | BusinessDesk
Aug. 9 (BusinessDesk) – Shares in Turners & Growers jumped 2.7 percent to $1.90 after the fruit marketer almost tripled first-half profit as its export business reaped bigger sales from North America. More >>
Core retail spending sags in July
Friday, 9 August 2013, 11:40 am | BusinessDesk
NZ retail spending on credit, debit cards rises 0.4 percent in July, core retailing weak More >>
Rio Tinto abandons sale of Tiwai Point and other smelters
Friday, 9 August 2013, 11:33 am | BusinessDesk
Aug 9 (BusinessDesk) - Global metals giant Rio Tinto has told shareholders it has given up trying to sell four Australasian aluminium smelters and associated assets, including the Tiwai Point smelter. More >>
Rural Equities, Cushings build 17.6% stake in Tandou
Friday, 9 August 2013, 10:02 am | BusinessDesk
Aug 9 (BusinessDesk) - Rural Equities and interests associated with the Cushing family have built up a 17.7 percent stake in ASX-listed agribusiness Tandou. More >>
Argosy directors seek 31% hike in fee pool to expand board
Friday, 9 August 2013, 9:38 am | BusinessDesk
Aug 9 (BusinessDesk) - Argosy Property will seek a 31 percent hike in the pool for directors’ fees at this month’s annual meeting as the company seeks to expand its board by two directors. More >>
NZ dollar rises as investors unwind bets on Fed tapering
Friday, 9 August 2013, 9:16 am | BusinessDesk
Aug 9 (BusinessDesk) – The New Zealand dollar rose to its highest in almost two weeks as investors unwound bets the greenback would advance amid uncertainty about when the Federal Reserve will begin tapering monetary stimulus. More >>
While you were sleeping: China, Germany deliver
Friday, 9 August 2013, 7:48 am | BusinessDesk
Aug 9 (BusinessDesk) – Wall Street rose, stemming a three-day slide, as the latest exports data from China and Germany surpassed expectations, bolstering optimism about the economic recovery. More >>
MARKET CLOSE: NZ shares fall; Chorus, MRP, Tower drop
Thursday, 8 August 2013, 5:56 pm | BusinessDesk
Aug 8 (BusinessDesk) – New Zealand shares fell amid concern Chorus still faces regulatory uncertainty, while MightyRiverPower and Contact Energy dropped after a new deal was signed with the Bluff smelter allowing the plant to buy less power. ... More >>
