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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 1142]
MIDDAY UPDATE: Tourism Holdings circles stricken rival
Thursday, 18 July 2013, 12:24 pm | BusinessDesk
July 18 (BusinessDesk) – Tourism Holdings is offering to pick up any customers of failed rival Pacific Horizon who might be caught short by the rental campervan operator’s receivership but won’t shell out to buy the company’s assets. More >>
BUSINESS BREAKDOWN: Clever politics to nix Milford tunnel
Thursday, 18 July 2013, 9:21 am | BusinessDesk
July 18 (BusinessDesk) – Conservation Minister Nick Smith caught Press Gallery journalists off-guard with yesterday’s announcement declining the controversial proposal to drive an 11 kilometre tunnel through the Southern Alps to create a fast ... More >>
BUSINESS BREAKDOWN: Clever politics to nix Milford tunnel
Thursday, 18 July 2013, 9:21 am | BusinessDesk
July 18 (BusinessDesk) – Conservation Minister Nick Smith caught Press Gallery journalists off-guard with yesterday’s announcement declining the controversial proposal to drive an 11 kilometre tunnel through the Southern Alps to create a fast ... More >>
Tourism Holdings eyes failed Pacific Horizon’s customers
Thursday, 18 July 2013, 8:54 am | BusinessDesk
July 18 (BusinessDesk) - Tourism Holdings, the rental campervan operator which merged with two rivals last year, has told the receivers of Pacific Horizon it’s available to pick-up any customers left out in the cold, but won’t buy the failed firm’s ... More >>
NZ dollar edges up after Bernanke says keep watching data
Thursday, 18 July 2013, 8:42 am | BusinessDesk
NZ dollar edges up in volatile trading after Bernanke says stimulus dependent on economic data More >>
While you were sleeping: Bernanke stresses flexibility
Thursday, 18 July 2013, 7:18 am | BusinessDesk
July 18 (BusinessDesk) – Wall Street gained after Federal Reserve Chairman Ben Bernanke said there was no "preset course" for the central bank's bond-buying program, while better-than-expected results from companies including Bank of America ... More >>
Milford monorail developer optimistic now competitor axed
Wednesday, 17 July 2013, 5:53 pm | BusinessDesk
July 17 (BusinessDesk) – The overland monorail tunnel project to take tourists to Milford Sound is more likely to proceed now that the main opposition, the proposed Milford Dart tunnel option, has been declined by Conservation Minister Nick Smith, ... More >>
MARKET CLOSE: NZ shares rise as PPL, DIL bounce back
Wednesday, 17 July 2013, 5:32 pm | BusinessDesk
July 17 (BusinessDesk) – New Zealand shares rose, led Pumpkin Patch as the retailer clawed back a small portion of this year’s 34 percent slide, while Diligent Board Member Services rose after telling the NZX yesterday that it knew of no reason for ... More >>
NZ dollar slips as markets await Bernanke testimony
Wednesday, 17 July 2013, 5:21 pm | BusinessDesk
July 17 (BusinessDesk) - The New Zealand dollar slipped in local trading as investors await US Federal Reserve chairman Ben Bernanke’s Congressional testimony, where they’ll look for any hints on the central bank unwinding its asset purchase programme. More >>
PFI trading volumes at 8-year high ahead of index re-weight
Wednesday, 17 July 2013, 4:27 pm | BusinessDesk
July 17 (BusinessDesk) – Property for Industry shares have gained to the highest in almost six years and the volume of trading is at an eight-year high as investors prepare for the specialist industrial property company’s elevation in the NZX 50 ... More >>
Smith rejects $180 mln Dart tunnel proposal
Wednesday, 17 July 2013, 3:57 pm | BusinessDesk
July 17 (BusinessDesk) - Conservation Minister Dr Nick Smith has rejected a proposal to build a $180 million tunnel in Fiordland and Mt Aspiring National Parks by a company aiming to halve travel times for the 420,000 people that visit Milford Sound each ... More >>
PropertyIQ seeks clearance to buy Terralink
Wednesday, 17 July 2013, 2:50 pm | BusinessDesk
July 17 (BusinessDesk) - PropertyIQ NZ, a joint venture between state-owned Quotable Value and Australia’s RP Data, is seeking clearance to buy local geospatial data firm Terralink International. More >>
Xero's tightly held register creates volatile share price
Wednesday, 17 July 2013, 2:07 pm | BusinessDesk
July 17 (BusinessDesk) – Xero, the cloud-based accounting company, says it is complying with NZX continuous disclosure rules and a 23 percent slump in its shares in the past six days may reflect volatility as a result of a tightly held register. More >>
RESEND: Australian funds were biggest sellers of MightyRiver
Wednesday, 17 July 2013, 1:39 pm | BusinessDesk
July 17 (BusinessDesk) – Australian funds were among the biggest sellers of MightyRiverPower as its shares sank to a post-float low last month, though the exit may been more to do with a slump in their home market than a change of sentiment on the power company. More >>
Australian funds were biggest sellers of MightyRiverPower
Wednesday, 17 July 2013, 1:10 pm | BusinessDesk
July 17 (BusinessDesk) – Australian funds were among the biggest sellers of MightyRiverPower as its shares sank to a post-float low last month, though the exit may been more to do with a slump in their home market than a change of sentiment on the power company. More >>
MIDDAY UPDATE: Fonterra cuts Chinese prices amid milk probe
Wednesday, 17 July 2013, 12:10 pm | BusinessDesk
July 17 (BusinessDesk) – Fonterra Cooperative Group has cut the price of its Anmum-branded products in China amid an investigation into price-fixing by foreign firms in the world’s most populous nation. More >>
Tower talks with RBNZ may lift minimum solvency requirements
Wednesday, 17 July 2013, 11:23 am | BusinessDesk
July 17 (BusinessDesk) - Tower, which has hived off its health insurance and investment units, is in talks with the Reserve Bank over proposed conditions as part of its licence and may have to lift its minimum solvency requirements. More >>
Fonterra cuts Anmum product prices in China amid price probe
Wednesday, 17 July 2013, 10:51 am | BusinessDesk
July 17 (BusinessDesk) - Fonterra Cooperative Group, the world’s biggest dairy exporter, cut the price of its Anmum-branded products in China as the local regulator looks at potential price manipulation by major foreign firms selling into the world’s ... More >>
SkyCity cleared to buy Queenstown’s Wharf Casino
Wednesday, 17 July 2013, 9:45 am | BusinessDesk
July 17 (BusinessDesk) - SkyCity Entertainment Group, which this month agreed to build a $402 million convention centre in Auckland in exchange for regulatory concessions, has been granted approval to buy Queenstown’s Wharf Casino for $5 million. More >>
Dairy product prices rise 4.9% in GDT auction
Wednesday, 17 July 2013, 8:48 am | BusinessDesk
July 17 (BusinessDesk) - Prices of dairy products posted their biggest gain since early April in Fonterra Cooperative Group’s latest GlobalDairyTrade auction, led by a jump in whole milk powder, the biggest product by volume. More >>
