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 1151]
NZ Dollar Outlook: Kiwi may fall on US QE, slowing China
Monday, 1 July 2013, 12:51 pm | BusinessDesk
July 1 (BusinessDesk) - The New Zealand dollar may decline this week on speculation about the removal of asset purchasing stimulus in the US and on concern Chinese growth may be faltering. More >>
MIDDAY UPDATE: Meridian’s windfarm sale sets up big dividend
Monday, 1 July 2013, 12:09 pm | BusinessDesk
July 1 (BusinessDesk) – Meridian Energy is set to pay a big return to the government, in what’s shaping up to be the last year under full Crown ownership, after selling its stake in a A$1 billion Australian wind farm. More >>
Windfall dividend looms from Meridian’s wind farm sale
Monday, 1 July 2013, 11:37 am | BusinessDesk
July 1 (BusinessDesk) – The government looks set to receive a windfall whopper dividend from Meridian Energy following the sale of its 50 percent stake in the A$1 billion Macarthur wind farm in Victoria. More >>
Ex-Hanover trustees Guardian Trust, Perpetual avoid FMA case
Monday, 1 July 2013, 10:41 am | BusinessDesk
July 1 (BusinessDesk) - The trustees for the now-defunct Hanover group of companies have avoided being drawn into the Financial Markets Authority’s civil case against the former lender’s directors and promoters. More >>
NZ employment confidence spreads beyond Canterbury, Auckland
Monday, 1 July 2013, 10:36 am | BusinessDesk
July 1 (BusinessDesk) – The rest of New Zealand has started catching up to Canterbury and Auckland in terms of employment confidence though jobs are still deemed hard to come by and there’s less optimism wages will rise. More >>
Business Breakdown: A Year of Two Halves?
Monday, 1 July 2013, 9:29 am | BusinessDesk
July 1 (BusinessDesk) – The first half of 2013 will be remembered for a rampant sharemarket, a rampant New Zealand dollar, an even more rampant Auckland housing market, as well as the first public float of a state-owned asset since 1999. More >>
NZ govt, SkyCity take 5 more days on $402M convention deal
Monday, 1 July 2013, 8:57 am | BusinessDesk
July 1 (BusinessDesk) - The New Zealand government and SkyCity Entertainment Group are taking another five days to finish up a deal for the casino and hotel operator to build a $402 million convention centre in Auckland in exchange for regulatory ... More >>
World Week Ahead: Eyes on US employment data
Monday, 1 July 2013, 8:39 am | BusinessDesk
July 1 (BusinessDesk) – US labour data will be the focus of investors desperately trying to get a handle on the likelihood and timing of a Federal Reserve easing back of its bond-buying program, after a week of comments by central bank officials failed ... More >>
NZ dollar drops; investors bet Fed could taper in September
Monday, 1 July 2013, 8:36 am | BusinessDesk
July 1 (BusinessDesk) – The New Zealand dollar dropped as investors bet the Federal Reserve may reduce its bond buying programme as early as September. More >>
RESEND: MARKET CLOSE: NZ shares rise as markets rebound
Friday, 28 June 2013, 6:08 pm | BusinessDesk
June 28 (BusinessDesk) – New Zealand shares rose on the last trading day of the second quarter, joining an Asia-wide rally after better economic data out of the US and Japan. NZ Oil & Gas, Chorus, Restaurant Brands and OceanaGold led the ... More >>
MARKET CLOSE: NZ shares rise as equity markets rebound
Friday, 28 June 2013, 5:55 pm | BusinessDesk
June 28 (BusinessDesk) – New Zealand shares rose on the last trading day of the second quarter, joining an Asia-wide rally after better economic data out of the US and Japan. NZ Oil & Gas, Chorus, Restaurant Brands and OceanaGold led the ... More >>
MONEY TALKS: Reading the Reserve Bank tea leaves
Friday, 28 June 2013, 5:13 pm | BusinessDesk
June 28 (BusinessDesk) – In the next couple of months, the Reserve Bank will hit the brakes on home lending for would-be borrowers with piddly deposits. More >>
NZ dollar heads for 6.7% quarterly slide on Fed tapering
Friday, 28 June 2013, 5:12 pm | BusinessDesk
June 28 (BusinessDesk) - The New Zealand dollar is heading for a 6.7 percent quarterly slide as the Federal Reserve’s signal of an end to its massive monetary stimulus this year sent investors back to the greenback. More >>
David Ross facing Financial Markets Authority charges
Friday, 28 June 2013, 5:05 pm | BusinessDesk
June 28 (BusinessDesk) – Failed fund manager David Ross of Ross Asset Management faces three charges from the Financial Markets Authority alleging breaches of financial markets legislation, adding to his existing Serious Fraud Office charges. More >>
Restaurant Brands bets on new brands to drive future growth
Friday, 28 June 2013, 3:45 pm | BusinessDesk
June 28 (BusinessDesk) – Restaurant Brands, New Zealand’s largest fast food operator by sales, is betting on new brands such as burger chain Carl’s Jr to drive future earnings growth in the nation’s $2 billion fast food market and remains keen on ... More >>
Pumpkin Patch FY profit to fall as much as 35% on Aust sales
Friday, 28 June 2013, 3:01 pm | BusinessDesk
June 28 (BusinessDesk) – Pumpkin Patch, the children’s clothing chain, said full-year profit may drop as much as 35 percent in the face of intense competition in Australia, becoming the second local retailer this month to cite tough times across the Tasman. ... More >>
Competition watchdog probes Auckland timber market
Friday, 28 June 2013, 2:59 pm | BusinessDesk
Competition watchdog probes Auckland timber market June 28 (BusinessDesk) – The Commerce Commission is investigating allegations of anti-competitive behaviour in the Auckland commercial timber market, but Fletcher Building says it doesn’t expect ... More >>
Rangatira emerges as biggest investor in Tuatara
Friday, 28 June 2013, 12:44 pm | BusinessDesk
June 28 (BusinessDesk) – Rangatira has emerged as the biggest shareholder in Tuatara Brewing after the Wellington-based investment company bought new and existing shares to build a 35 percent stake in the boutique brewer. More >>
MIDDAY UPDATE: 2degrees turns operational profit in 2012
Friday, 28 June 2013, 12:06 pm | BusinessDesk
June 28 (BusinessDesk) – Mobile phone operator Two Degrees has turned its first operational profit just three years after launching as a rival to incumbents Telecom and Vodafone. More >>
NZ building consents rise 1.3% in May
Friday, 28 June 2013, 11:28 am | BusinessDesk
June 28 (BusinessDesk) - New Zealand’s new building consents rose in May, adding to a surge in April, as construction intentions Auckland and Christchurch underpinned growth in the sector. More >>
