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 1155]
AMP says 1H earnings may fall up to 16%
Monday, 24 June 2013, 10:53 am | BusinessDesk
June 24 (BusinessDesk) - AMP, the dual-listed financial services firm, expects first-half earnings to fall by as much as 16 percent after its Australian wealth protection business struggled in the second quarter. More >>
UDC lifts 1H profit 24% on fatter margins, fewer bad debts
Monday, 24 June 2013, 10:34 am | BusinessDesk
June 24 (BusinessDesk) - UDC Finance, the finance company owned by ANZ Bank New Zealand, lifted first-half profit 24 percent after reaping fatter margins on its interest income and recognising fewer bad debts weighing on its bottom line. More >>
Forsyth Barr’s Blackburn leaves board, joins Fisher Funds
Monday, 24 June 2013, 9:54 am | BusinessDesk
June 24 (BusinessDesk) - Forsyth Barr independent director Anne Blackburn has left the broking firm after joining Fisher Funds as part of TSB Bank’s representation on the fund manager’s board. More >>
Dow AgroSciences NZ FY sales jump 23% on Australian growth
Monday, 24 June 2013, 9:25 am | BusinessDesk
June 24 (BusinessDesk) – Dow AgroSciences (New Zealand), the local unit of Dow Chemical Co, reported full-year sales growth of more than a fifth as it sold more crop protection products in Australia, though costs to ramp up production widened ... More >>
NZ dollar weakens as investors look to US economic revival
Monday, 24 June 2013, 8:52 am | BusinessDesk
June 24 (BusinessDesk) – The New Zealand dollar dropped as investors continue to favour the US on signs of a revival in the world’s largest economy. More >>
World Week Ahead: Fed debate to dominate
Monday, 24 June 2013, 7:03 am | BusinessDesk
June 24 (BusinessDesk) – Investors will focus on a slew of US economic data and speeches by Federal Reserve officials in the coming days, as nerves remain frayed by Ben Bernanke's signal that the American central bank might pull back its stimulus ... More >>
MONEY TALKS: Reputation - hard to win, easy to lose
Friday, 21 June 2013, 6:15 pm | BusinessDesk
June 21 (BusinessDesk) – A couple of things in the world of the markets have got me thinking about ‘The Crucible’, an old Arthur Miller play I studied in high school. More >>
MARKET CLOSE: NZ shares falls in 2nd day of Fed adjustment
Friday, 21 June 2013, 5:43 pm | BusinessDesk
MARKET CLOSE: NZ shares falls in second day of Fed adjustment; Diligent, Sky TV drop More >>
UDPATE: FMA to bring two KiwiSaver issuers into line
Friday, 21 June 2013, 5:37 pm | BusinessDesk
June 21 (BusinessDesk) - The Financial Markets Authority is seeking to bring two KiwiSaver issuers into line after finding potentially misleading statements in their offer documents. More >>
NZ dollar heads for 3.3 percent weekly fall as Fed moves
Friday, 21 June 2013, 5:26 pm | BusinessDesk
June 21 (BusinessDesk) - The New Zealand dollar is heading for a 3.3 percent weekly slide against the greenback after the US Federal Reserve offered more detail about its intention to pull back on its massive stimulus programme as early as this year. More >>
NZ consumer confidence edges up in June: ANZ-Roy Morgan
Friday, 21 June 2013, 1:36 pm | BusinessDesk
June 21 (BusinessDesk) - New Zealand consumer confidence edged up in June as kiwis deemed the long-term outlook for the economy was brighter. More >>
Demand for LGFA bonds cools as Fed’s QE exit saps appeal
Friday, 21 June 2013, 12:52 pm | BusinessDesk
June 21 (BusinessDesk) – Demand for Local Government Funding Authority bonds, strongly overbid since the first tender in February last year, cooled this week as the Federal Reserve’s likely exit from its quantitative easing programme sapped demand for ... More >>
FMA lines up two KiwiSaver issuers over offer docs
Friday, 21 June 2013, 12:49 pm | BusinessDesk
June 21 (BusinessDesk) - The Financial Markets Authority is preparing to take action against two unnamed KiwiSaver issuers for making misleading statements in their offer documents as it puts the state-sponsored retirement schemes under greater scrutiny. More >>
Sell Chorus, says Deutsche Bank, as regulatory risk grows
Friday, 21 June 2013, 12:22 pm | BusinessDesk
June 21 (BusinessDesk) – Telecommunications network owner Chorus faces too much regulatory risk and too little political will to overcome the cost blow-outs and pricing uncertainties under contracts to roll out the ultra-fast broadband network, ... More >>
MIDDAY UPDATE: Kiwi dollar tumbles as end to QE in view
Friday, 21 June 2013, 12:09 pm | BusinessDesk
June 21 (BusinessDesk) – The New Zealand dollar sank to a 12-month low as investors try to figure out the impact of the US Federal Reserve slowing down its money printing programme as the world’s biggest economy improves. More >>
Precinct ups portfolio value 2.6%, signs new bank facility
Friday, 21 June 2013, 11:07 am | BusinessDesk
June 21 (BusinessDesk) - Precinct Properties New Zealand, formerly AMP NZ Office, has lifted the value of its property portfolio 2.6 percent on a rising Auckland market, and has signed a new and bigger banking facility with existing lenders. More >>
Antitrust regulator to probe Wilson’s acquisition of rival
Friday, 21 June 2013, 10:37 am | BusinessDesk
June 21 (BusinessDesk) - The Commerce Commission has launched an investigation into whether Wilson Parking New Zealand’s acquisition of a rival’s parking assets will substantially reduce competition in the market. More >>
Mercer cuts FY earnings guidance on late sales
Friday, 21 June 2013, 10:12 am | BusinessDesk
Mercer cuts FY earnings guidance on late sales, signals big deal with multi-national in the pipeline More >>
NZ dollar tumbles below 78 US cts as world digests end to QE
Friday, 21 June 2013, 8:34 am | BusinessDesk
NZ dollar tumbles below 78 US cents as world digests end to Fed QE, China weakness More >>
While you were sleeping: Equities sink on China, Fed
Friday, 21 June 2013, 7:37 am | BusinessDesk
June 21 (BusinessDesk) – Stocks on both sides of the Atlantic sank after a report showing China's manufacturing decreased at a faster rate in May and as investors digested Federal Reserve Chairman Ben Bernanke's comments that the bank may soon ... More >>
