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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 1143]
NZ dollar gains, strong dairy prices add tone
Wednesday, 17 July 2013, 8:43 am | BusinessDesk
July 17 (BusinessDesk) - The New Zealand dollar gained ahead of US Federal Reserve chairman Ben Benanke’s congressional testimony as speculative investors pare back their bets on the greenback, and was bolstered by Reserve Bank of Australia minutes ... More >>
While you were sleeping: Coca-Cola disappoints
Wednesday, 17 July 2013, 7:36 am | BusinessDesk
July 17 (BusinessDesk) – Wall Street retreated from record highs as investors were disappointed with corporate earnings such as from Coca-Cola and awaited Federal Reserve Chairman Ben Bernanke's testimonial before Congress, beginning tomorrow. More >>
Contact, Genesis at greatest risk from Tiwai closure: S&P
Tuesday, 16 July 2013, 5:55 pm | BusinessDesk
July 16 (BusinessDesk) – Contact Energy and state-owned Genesis Energy are the two power companies most at risk if the Tiwai Point aluminium smelter closes, says a senior Standard & Poors analyst, Richard Creed. More >>
MARKET CLOSE: NZ shares snap 8-day advance; DIL, XRO fall
Tuesday, 16 July 2013, 5:51 pm | BusinessDesk
July 16 (BusinessDesk) – New Zealand shares fell, snapping an eight-day advance, as Diligent Board Member Services and Xero fell, while concerns about a weak Australian dollar weighed on Michael Hill International and Fletcher Building ahead of earnings ... More >>
NZ dollar edges up after report shows tepid inflation
Tuesday, 16 July 2013, 5:14 pm | BusinessDesk
July 16 (BusinessDesk) - The New Zealand dollar edged up in local trading as the lowest annual pace of inflation in 14 years gives the Reserve Bank room to keep interest rates on hold, as rising construction costs stay contained. More >>
NZ corporate earnings may miss expectations: AMP Capital
Tuesday, 16 July 2013, 3:34 pm | BusinessDesk
July 16 (BusinessDesk) - New Zealand corporate earnings may fall short of investors’ expectations with the reporting season for June balance dates bearing down next month. More >>
Delegat’s FY profit to rise on strong harvest, IFRS gains
Tuesday, 16 July 2013, 3:31 pm | BusinessDesk
July 16 (BusinessDesk) - Delegat's Group, which completed the A$24.7 million acquisition of Australia's Barossa Valley Estate last month, said full-year net profit was “significantly higher” than last year’s result following a strong harvest. More >>
NZX issues 'please explain' to Diligent over fall in shares
Tuesday, 16 July 2013, 2:46 pm | BusinessDesk
July 16 (BusinessDesk) – Governance software purveyors Diligent Board Member Services continue to attract the attention of NZX regulators, who issued a ‘please explain’ notice today after a 17.3 percent drop in the company’s share price in the last ... More >>
GFNZ has funding to repay debentures, end moratorium
Tuesday, 16 July 2013, 12:55 pm | BusinessDesk
July 16 (BusinessDesk) – GFNZ Group, the finance company formerly known as Geneva Finance, says it has concluded talks on a series of funding transactions worth $27.5 million that will allow it to repay debenture holders, existing bank and other debt. More >>
Tepid NZ inflation keeps pressure off RBNZ
Tuesday, 16 July 2013, 12:26 pm | BusinessDesk
July 16 (BusinessDesk) - The lowest annual pace of inflation in 14 years is relieving pressure on the Reserve Bank to have to raise interest rates this year, as rising construction costs stay contained. More >>
MIDDAY UPDATE: Last quarter of mild inflation
Tuesday, 16 July 2013, 12:16 pm | BusinessDesk
July 16 (BusinessDesk) - New Zealand’s annual inflation slowed to a 14-year low in the second quarter, thanks to a drop in petrol prices that helped offset price pressures spilling over from the housing market. It may be the last quarter of tame ... More >>
ACC takes advantage of beat-up Pumpkin Patch to lift stake
Tuesday, 16 July 2013, 11:28 am | BusinessDesk
ACC takes advantage of beat-up Pumpkin Patch shares to lift stake to 9.2% More >>
NZ inflation rate slips to 0.2% in 2Q on cheaper petrol
Tuesday, 16 July 2013, 10:54 am | BusinessDesk
NZ consumer prices rise 0.2% in 2Q as cheap petrol keeps lid on housing pressures More >>
Greenpeace NZ ups campaigning, pays global HQ more
Tuesday, 16 July 2013, 10:43 am | BusinessDesk
July 15 (BusinessDesk) – Greenpeace New Zealand, the local arm of the global environmental lobby group, spent more on national campaigns and lifted its contribution to head office in Amsterdam after a jump in its fundraising surplus. More >>
NZ computer system design firms struggling to find workers
Tuesday, 16 July 2013, 9:49 am | BusinessDesk
July 16 (BusinessDesk) – New Zealand computer system design companies pay more than twice the average wage and have recorded faster growth in pay that the rest of the economy, yet increasingly they’re reporting severe difficulties attracting ... More >>
NZ dollar little changed after US retail sales disappoint
Tuesday, 16 July 2013, 8:44 am | BusinessDesk
July 16 (BusinessDesk) - The New Zealand dollar was little changed after weaker than expected US retail sales eroded optimism the Federal Reserve will slow its asset purchase programme, and ahead of local inflation figures forecast to show consumer ... More >>
While you were sleeping: Positive profit sentiment
Tuesday, 16 July 2013, 7:44 am | BusinessDesk
July 16 (BusinessDesk) – As US corporate earnings season accelerates this week, Citigroup has posted a 42 percent surge in quarterly profit, setting the stage for stocks to extend their year-to-date rally even amid mixed economic data. More >>
MARKET CLOSE: NZ shares rise for 8th session; A2, TEL gain
Monday, 15 July 2013, 5:40 pm | BusinessDesk
July 15 (BusinessDesk) – New Zealand shares rose, pushing up the NZX 50 Index for an eighth straight session, led by A2 Corp, Telecom, Port of Tauranga and Fletcher Building as investors mulled what is expected to be mixed results in earnings season. More >>
NZ dollar gains ahead of US retail sales, local inflation
Monday, 15 July 2013, 5:12 pm | BusinessDesk
July 15 (BusinessDesk) - The New Zealand dollar gained as investors keep an eye on US retail figures in the Northern Hemisphere session and local inflation data tomorrow. More >>
Rakon founders buy 367,000 shares after China factory sale
Monday, 15 July 2013, 4:43 pm | BusinessDesk
July 15 (BusinessDesk) - Rakon’s founding Robinson family, which has the biggest stake in the company and three seats at the board, bought almost 367,000 shares in the ailing GPS components maker last week for about $81,500. More >>
