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 1140]
Govt dangles $12 mln R&D tax concessions
Tuesday, 23 July 2013, 5:40 pm | BusinessDesk
July 23 (BusinessDesk) – Loss-making start-up companies with heavy research and development expenditure will be eligible for a tax-free loan of up to $500,000 annually under proposals outlined in a discussion paper released today. More >>
NZ dollar climbs above 80 US cts for 1st time in a month
Tuesday, 23 July 2013, 5:07 pm | BusinessDesk
NZ dollar climbs above 80 US cts for 1st time in a month amid lull in US data, volatility dwindles More >>
Rod Carr appointed as Reserve Bank chairman
Tuesday, 23 July 2013, 4:25 pm | BusinessDesk
July 23 (BusinessDesk) - University of Canterbury vice-chancellor and former Reserve Bank deputy governor Rod Carr has been appointed chairman of the central bank by Finance Minister Bill English. More >>
MIDDAY UPDATE: Investors lap up Synlait Milk as shares surge
Tuesday, 23 July 2013, 12:05 pm | BusinessDesk
July 23 (BusinessDesk) – Investors rallied behind the Synlait Milk float today, with the shares jumping 19 percent to $2.62 when they joined the NZX today. More >>
Synlait Milk jumps 19% in NZX debut after raising $75M
Tuesday, 23 July 2013, 11:32 am | BusinessDesk
July 23 (BusinessDesk) – Synlait Milk jumped 19 percent in its NZX debut after raising $75 million in an initial public offering that was restricted to clients of brokers and institutional investors. More >>
Wynyard buys UK-based MHA Gateway service
Tuesday, 23 July 2013, 11:00 am | BusinessDesk
July 23 (BusinessDesk) - Wynyard Group, which raised $65 million as part of its NZX listing on Friday, has bought UK-based MHA Gateway’s anti-financial crime service for an undisclosed sum. More >>
Warehouse firms up plans to reward training, long service
Tuesday, 23 July 2013, 9:50 am | BusinessDesk
July 23 (BusinessDesk) – Warehouse Group, New Zealand’s biggest listed retailer, has firmed up plans to improve its workforce with better training and longer service rewarded with higher pay. More >>
First home buyers still a priority as loan restrictions loom
Tuesday, 23 July 2013, 9:10 am | BusinessDesk
July 23 (BusinessDesk) – First home buyers remain “a priority” for the government and “all tools have to be considered” in balancing their needs with the Reserve Bank’s likely imposition of restrictions on home lending for buyers with small ... More >>
NZ dollar gains on G20 preference for growth
Tuesday, 23 July 2013, 8:50 am | BusinessDesk
July 23 (BusinessDesk) – The New Zealand dollar gained as the Group of 20 nations signalled a preference for growth over austerity, bolstering demand for emerging market currencies. More >>
While you were sleeping: Wall Street ambles to record
Tuesday, 23 July 2013, 6:53 am | BusinessDesk
July 23 (BusinessDesk) – The Standard & Poor's 500 Index climbed to a record, bolstered by gains in banks after better-than-expected UBS earnings, while disappointing earnings for McDonald's and an unexpected drop in US home sales underpinned expectations ... More >>
MARKET CLOSE: NZ shares gain as risk appetite lifts
Monday, 22 July 2013, 6:00 pm | BusinessDesk
July 22 (BusinessDesk) – New Zealand shares rose, paced by some of this year’s strongest performers such as Xero, Diligent Board member Services and Ryman Healthcare, amid signs investors are regaining their appetite for risk as US earnings season ... More >>
NZ dollar little changed after 6.5-magnitude quake
Monday, 22 July 2013, 5:12 pm | BusinessDesk
July 22 (BusinessDesk) - The New Zealand dollar was little changed after a 6.5-magnitude earthquake in the Cook Strait shut down parts of the capital city as authorities assessed the damage which was ultimately found to be largely superficial. More >>
Wellington to re-open for business tomorrow
Monday, 22 July 2013, 4:15 pm | BusinessDesk
Wellington to re-open for business tomorrow, one-in-five chance of a ‘big one’ this week More >>
Vodafone NZ gains mobile customers in June quarter
Monday, 22 July 2013, 3:02 pm | BusinessDesk
July 22 (BusinessDesk) - Vodafone New Zealand, which bought phone company TelstraClear for $840 million last year, gained 19,000 mobile customers in the second quarter, snapping nine straight quarters when it shed clients. More >>
MIDDAY UPDATE: Wellington checks the cupboards after quake
Monday, 22 July 2013, 12:11 pm | BusinessDesk
July 22 (BusinessDesk) – Wellington authorities and corporates are checking the damage caused by a swarm of earthquakes over the past 24 hours, which forced parts of the capital to close. More >>
Maui partners nab rig to re-drill Ruru prospect
Monday, 22 July 2013, 11:08 am | BusinessDesk
July 22 (BusinessDesk) - Shell Exploration New Zealand, Todd Energy and Austria’s OMV plan to pick up the Kan Tan IV oil rig next year to drill at least one, perhaps two, more exploration wells in the formerly giant Maui gas field off Taranaki. The ... More >>
Wellington quake closes trading rooms as city in slo-mo
Monday, 22 July 2013, 9:33 am | BusinessDesk
July 22 (BusinessDesk) - A 6.5 magnitude earthquake in New Zealand’s Cook Strait has closed Wellington financial trading rooms and shut down portions in the capital city as local authorities assess the damage. More >>
Precinct reports no major Wellington damage, hires assessor
Monday, 22 July 2013, 8:57 am | BusinessDesk
July 22 (BusinessDesk) - Precinct Properties New Zealand, which counts its 10 office towers in Wellington’s central business district as 40 percent of its $1.6 billion portfolio, says it has suffered no major damage from yesterday’s 6.5 magnitude ... More >>
NZ dollar dips as Wellington CBD checked for quake damage
Monday, 22 July 2013, 8:38 am | BusinessDesk
July 22 (BusinessDesk) – The New Zealand dollar opened weaker as authorities warned workers in Wellington’s CBD to stay home pending an assessment of earthquake damage, which closed bank trading rooms and sent glass and rubble falling from buildings. More >>
Weaker kiwi probably not a game changer for RBNZ yet
Monday, 22 July 2013, 7:44 am | BusinessDesk
July 21 (BusinessDesk) – The kiwi dollar is holding below levels the Reserve Bank is forecasting for the third quarter though that’s unlikely to be enough to change its view of the interest rate outlook this week. More >>
