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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 1146]
Govt sides with Land and Water Forum on key policy decisions
Wednesday, 10 July 2013, 4:36 pm | BusinessDesk
July 10 (BusinessDesk) – Local communities will be given the option of using collaborative processes to determine regional freshwater allocation and policies, in the first decisions to emerge from a five year process to reform the management of freshwater ... More >>
English defends government record in bridging inequality gap
Wednesday, 10 July 2013, 12:37 pm | BusinessDesk
July 10 (BusinessDesk) - Finance Minister Bill English has defended the government’s record in addressing income and social inequality, saying his administration’s tax changes, welfare and housing policies are protecting vulnerable households. More >>
MIDDAY UPDATE: Synlait Milk to join NZX with $322M valuation
Wednesday, 10 July 2013, 12:19 pm | BusinessDesk
July 10 (BusinessDesk) – Synlait Milk will sell shares at $2.20 apiece in its initial public offer, as it gets set to join the stock exchange later this month valued at some $322 million. More >>
Short-term accommodation trends rise to record in May
Wednesday, 10 July 2013, 12:04 pm | BusinessDesk
July 10 (BusinessDesk) – Stays in short-term accommodation in New Zealand rose in May to the highest level in the 17 years that the government statistician has been measuring the so-called trend series. More >>
Aust regulator grants extension to Air NZ, Virgin alliance
Wednesday, 10 July 2013, 12:02 pm | BusinessDesk
July 10 (BusinessDesk) – Australia’s antitrust regulator has given approval for Air New Zealand and Virgin Australia to extend their trans-Tasman alliance for three years on the condition they agree to maintain capacity on some secondary routes. More >>
Fonterra names Lukas Paravicini as CFO, replacing Mason
Wednesday, 10 July 2013, 11:09 am | BusinessDesk
July 10 (BusinessDesk) – Fonterra Cooperative Group, the world’s biggest dairy exporter, named Lukas Paravicini as chief financial officer, replacing Jonathan Mason who retires at the end of September. More >>
Synlait Milk sets final share price at $2.20 apiece
Wednesday, 10 July 2013, 9:13 am | BusinessDesk
Synlait Milk sets final share price at $2.20 apiece, valuing company at $322 mln More >>
Sealord owner denies report Nissui looking to exit
Wednesday, 10 July 2013, 9:04 am | BusinessDesk
July 10 (BusinessDesk) – Kura, the owner of fishing group Sealord, has scotched a media report that its Japanese investor is looking to exit the business after profits tumbled last year on a charge against an Argentinian venture. More >>
NZ dollar rises to 5-week high vs. euro, pound
Wednesday, 10 July 2013, 9:03 am | BusinessDesk
NZ dollar rises to 5-week high vs. euro, pound on concern about economic recovery More >>
While you were sleeping: Earnings optimism lifts
Wednesday, 10 July 2013, 7:48 am | BusinessDesk
July 10 (BusinessDesk) – Equities on both sides of the Atlantic gained as Alcoa's better-than-expected second-quarter earnings bolstered optimism that corporate America will report solid results and outlooks. More >>
New innovation agency stakes out its ground
Tuesday, 9 July 2013, 6:02 pm | BusinessDesk
July 9 (BusinessDesk) – Callaghan Innovation, the new government-funded science, technology and innovation agency, will target high value manufacturing and service businesses that are already in cahoots with other government export and capital funding ... More >>
MARKET CLOSE: NZ shares gain; Ryman, Trade Me rise
Tuesday, 9 July 2013, 5:55 pm | BusinessDesk
July 9 (BusinessDesk) – New Zealand shares rose, pushing the NZX 50 Index to a six-week high, as retirement village operator Ryman Healthcare edged up to a new record and auction website Trade Me rose. Xero fell from a record high. More >>
NZ dollar little changed as Chinese inflation speeds
Tuesday, 9 July 2013, 5:21 pm | BusinessDesk
July 9 (BusinessDesk) - The New Zealand dollar was little changed against the greenback after Chinese inflation figures raised fears the world’s second biggest economy may be slowing down. More >>
Alesco wins right to challenge tax case in Supreme Court
Tuesday, 9 July 2013, 3:08 pm | BusinessDesk
July 9 (BusinessDesk) - The Supreme Court has granted Western Australia-based Alesco Corp the right to challenge a tax avoidance ruling over its use of securities with the characteristics of both equity and debt to fund a local acquisition. More >>
Michael Hill lifts FY sales 6.8% in challenging environment
Tuesday, 9 July 2013, 2:23 pm | BusinessDesk
July 9 (BusinessDesk) – Michael Hill International, the jewellery chain that bears its founder’s name, increased sales 6.8 percent last year as it opened more stores in what the company said was a “challenging environment”. More >>
NZ property values rise at 7.6% annual pace in June
Tuesday, 9 July 2013, 1:17 pm | BusinessDesk
July 9 (BusinessDesk) – New Zealand property values rose at a 7.6 percent annual pace last month, as demand continued to outstrip supply in Auckland and Christchurch, according to state valuer Quotable Value. More >>
Fonterra farmers scaled back on guaranteed 2014 milk price
Tuesday, 9 July 2013, 1:07 pm | BusinessDesk
July 9 (BusinessDesk) - Fonterra Cooperative Group, the world’s biggest dairy exporter, has scaled back applications from its farmers to sell milk at a guaranteed price in the 2013/2014 season after being overwhelmed by demand. More >>
MIDDAY UPDATE: Businesses still upbeat despite slowdown
Tuesday, 9 July 2013, 12:19 pm | BusinessDesk
July 9 (BusinessDesk) – Local businesses are still upbeat despite activity slowing in the second three months of the year. More >>
Credit and debit card spending jumps 1.1 percent in June
Tuesday, 9 July 2013, 11:37 am | BusinessDesk
July 9 (BusinessDesk) – New Zealand retail spending on credit, debit and charge cards rose more than expected last month, driven by fuel and hospitality. More >>
Energy Mad turned to ebitda profit in first-quarter
Tuesday, 9 July 2013, 10:45 am | BusinessDesk
July 9 (BusinessDesk) - Energy Mad, whose shares are trading at less than a third of their 2011 IPO price, claims it recorded positive earnings in its first quarter, but is refusing to give any numbers. More >>
