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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 1136]
While you were sleeping: Investors await Fed
Wednesday, 31 July 2013, 7:45 am | BusinessDesk
July 31 (BusinessDesk) – Disappointing earnings hurt shares of companies including Occidental Petroleum, last down 3.3 percent, and Coach, last 8.3 percent weaker. More >>
Granting Dotcom access to documents would leave NZ exposed
Tuesday, 30 July 2013, 5:52 pm | BusinessDesk
July 30 (BusinessDesk) - Granting internet tycoon Kim Dotcom access to documents supporting his extradition to the US would leave New Zealand as an outlier, as no other country has ever ordered that kind of disclosure, according to the Solicitor-General. More >>
MARKET CLOSE: NZ shares drop on Australia view
Tuesday, 30 July 2013, 5:51 pm | BusinessDesk
July 30 (BusinessDesk) – New Zealand shares fell after the Australian central bank governor indicated he may cut rates to revive a flagging economy, driving up the kiwi dollar against its trans-Tasman counterpart and weighing on companies exposed ... More >>
Abano reports 75% NPAT uplift to $2.8M on $207M turnover
Tuesday, 30 July 2013, 5:49 pm | BusinessDesk
July 30 (BusinessDesk) - Abano Healthcare Group has reported a 75 percent improvement in net earnings after tax for the year to May 31, and is looking to raise $15 million in coming months to pursue further growth in Asia and Australia. More >>
Pumpkin Patch CEO Neil Cowie resigns to take job with rival
Tuesday, 30 July 2013, 5:17 pm | BusinessDesk
July 30 (BusinessDesk) - Pumpkin Patch, the children’s clothing retailer whose shares have dropped 31 percent this year, said chief executive Neil Cowie has resigned to take up a job with another retailer in New Zealand. More >>
NZ dollar rises to new 5-year high vs. Aust dollar on RBA
Tuesday, 30 July 2013, 5:10 pm | BusinessDesk
July 30 (BusinessDesk) – The New Zealand dollar rose to a new five-year high against its Australian counterpart after Reserve Bank of Australia governor Glenn Stevens said there is room both for his currency and interest rates to go lower in the face ... More >>
Ryman says first-quarter trading ahead of year earlier
Tuesday, 30 July 2013, 3:39 pm | BusinessDesk
July 30 (BusinessDesk) - Ryman Healthcare, whose shares are sitting at a record high after climbing 56 percent this year, trading in the first quarter was in line with the retirement village operator’s target’s and ahead of the same period on 2012. More >>
Dotcom fights against ‘fast-tracked’ extradition
Tuesday, 30 July 2013, 1:55 pm | BusinessDesk
July 30 (BusinessDesk) - Web-based file storage entrepreneur Kim Dotcom has taken his fight for documents supporting his extradition to the country’s top court in the latest episode of his attempt to head off a legal battle with the US Federal ... More >>
Methven expects revenue, profit growth this year
Tuesday, 30 July 2013, 12:28 pm | BusinessDesk
July 30 (BusinessDesk) – Methven, the tapware maker which posted a 20 percent drop in profit last year, expects solid sales and profit growth in the current financial year. Its shares rose 2.3 percent. More >>
MIDDAY UPDATE: Building consents still trending higher
Tuesday, 30 July 2013, 12:18 pm | BusinessDesk
July 30 (BusinessDesk) – Home building consents are still trending higher even growth in the second quarter was almost entirely driven by a surging result for the month of April. More >>
Cynotech appoints liquidators as Hawkins winds down company
Tuesday, 30 July 2013, 11:32 am | BusinessDesk
July 30 (BusinessDesk) – Cynotech Holdings is being liquidated following a takeover by 1980s high-flyer Allan Hawkins. More >>
NZ building consents down 4% in June, up 25.5% in qtr
Tuesday, 30 July 2013, 11:29 am | BusinessDesk
NZ home building consents drop 4% in June, quarterly growth still at 5-year high More >>
NZ dollar may extend gain vs Australian dollar on RBA speech
Tuesday, 30 July 2013, 8:57 am | BusinessDesk
July 30 (BusinessDesk) - The New Zealand dollar may extend this year’s 10 percent gain against the Australian dollar should Reserve Bank of Australia governor Glenn Stevens today affirm that a slowing economy justifies further interest rate cuts. More >>
While you were sleeping: Stocks, bonds fall before Fed
Tuesday, 30 July 2013, 7:38 am | BusinessDesk
July 30 (BusinessDesk) – Wall Street weakened as investors awaited more details from US Federal Reserve policy makers on paring back their bond buying at a two-day meeting starting tomorrow. More >>
CORRECT: Genesis Energy adds customers in Q4
Monday, 29 July 2013, 7:03 pm | BusinessDesk
July 29 (BusinessDesk) - State-owned electricity generator and retailer Genesis Energy says it is continuing to grow its customer base, thanks to new electricity and gas offerings, new energy-saving products, and ongoing acquisition of customers in the ... More >>
MARKET CLOSE: NZ shares fall in subdued trading
Monday, 29 July 2013, 5:48 pm | BusinessDesk
July 29 (BusinessDesk) - New Zealand shares fell, led by Telecom Corp and general weakness among several other Top 10 stocks. More >>
LDC Finance secured investors to get their money back
Monday, 29 July 2013, 5:24 pm | BusinessDesk
July 29 (BusinessDesk) - Secured investors in failed lender LDC Finance will get their money back plus some interest after the replacement receivers reached a settlement with the firm’s majority owners. More >>
Genesis Energy adds customers in Q4
Monday, 29 July 2013, 3:52 pm | BusinessDesk
July 29 (BusinessDesk) - State-owned electricity generator and retailer Genesis Energy says it is continuing to grow its customer base, thanks to new electricity and gas offerings, new energy-saving products, and ongoing acquisition of customers in the ... More >>
Offshore ironsands mining permit sought
Monday, 29 July 2013, 2:46 pm | BusinessDesk
July 29 (BusinessDesk) - Offshore mining of ironsands deposited in the southern Taranaki bight has come a step closer with the lodging of a mining permit application by TransTasman Resources, a privately held, Australian-led venture with plans for a multi-billion ... More >>
NZ Dollar Outlook: Kiwi will take lead from US Fed, data
Monday, 29 July 2013, 2:41 pm | BusinessDesk
July 29 (BusinessDesk) – The New Zealand dollar will probably take its lead from the US this week, where traders will be looking for guidance from Federal Reserve chairman Ben Bernanke on future monetary stimulus, and reports on how the economy ... More >>
