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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 1161]
NZ retail spending on credit, debit cards rose 0.5% in April
Wednesday, 12 June 2013, 11:18 am | BusinessDesk
June 12 (BusinessDesk) – New Zealand retail spending on credit, debit and store cards rose more than expected in May, led by fuel, food and liquor and hospitality. More >>
Burger Fuel FY profit jumps 55% on Middle East sales
Wednesday, 12 June 2013, 10:13 am | BusinessDesk
Burger Fuel FY profit jumps 55% on Middle East sales, plans to build up cash for investment More >>
NZ dollar drops to 5-mth low vs. yen after BoJ stays put
Wednesday, 12 June 2013, 8:24 am | BusinessDesk
NZ dollar drops to 5-month low vs. yen after BoJ fails to announce new stimulus More >>
While you were sleeping: Stimulus outlook sinks stocks
Wednesday, 12 June 2013, 7:27 am | BusinessDesk
June 12 (BusinessDesk) – Equities on Wall Street and in Europe fell as the Bank of Japan's decision to keep its monetary policy program unchanged disappointed those who had hoped for extra measures and underpinned concern the US Federal Reserve might ... More >>
MARKET CLOSE: NZ shares fall; CEN, FBU, IFT down
Tuesday, 11 June 2013, 6:05 pm | BusinessDesk
June 11 (BusinessDesk) – New Zealand shares fell as offshore investors continued to be rattled by the falling kiwi dollar and lack of action from the Bank of Japan sent equity markets down across Asia. Contact Energy and Fletcher Building fell, ... More >>
NZ dollar pares gain vs. yen after BoJ disappoints
Tuesday, 11 June 2013, 5:19 pm | BusinessDesk
June 11 (BusinessDesk) - The New Zealand dollar pared gains against the yen after the Bank of Japan maintained the size of its asset purchase programme, disappointing some investors looking for more stimulus to help settle an increasingly volatile ... More >>
Bridgestone NZ makes biggest profit in a decade in 2012
Tuesday, 11 June 2013, 3:54 pm | BusinessDesk
Bridgestone NZ makes biggest profit in a decade in 2012, pays first dividend since 2007 More >>
Westfield NZ boosts dividend payment to Australian owners
Tuesday, 11 June 2013, 1:52 pm | BusinessDesk
June 11 (BusinessDesk) – Westfield NZ Holdings, which owns nine shopping centres in New Zealand worth $2.8 billion, increased its dividend to its Australian owners by about two thirds last year after selling three properties and gaining tax benefits. More >>
Treasury could have been more forceful with Solid Energy
Tuesday, 11 June 2013, 1:46 pm | BusinessDesk
June 11 (BusinessDesk) – The Treasury could have responded more forcefully over concerns about Solid Energy, which is now awaiting a rescue plan from the government and its banks, but the state coal miner’s financial woes don’t signal a failure ... More >>
MIDDAY UPDATE: St Laurence receivers wrap up
Tuesday, 11 June 2013, 12:17 pm | BusinessDesk
June 11 (BusinessDesk) - The receivers for failed Wellington-based lender St Laurence have wrapped up their administration, having clawed back just 16.7 cents in the dollar for investors owed $212 million. More >>
Citrix Systems pays $4.5 mln cash for Wellington’s Beetil
Tuesday, 11 June 2013, 11:25 am | BusinessDesk
June 11 (BusinessDesk) - Citrix Systems New Zealand, the local holding company of the global cloud-based IT services supplier, paid $4.5 million in cash when it snapped up Wellington’s Beetil Service Management last year. More >>
Fonterra sets guaranteed milk price at $7/kgMS in pilot
Tuesday, 11 June 2013, 9:52 am | BusinessDesk
June 11 (BusinessDesk) - Fonterra Cooperative Group, the world’s biggest dairy exporter, has set the guaranteed price in its pilot scheme at $7 per kilogram of milk solids for those farmer-shareholders wanting to lock in payment certainty for ... More >>
St Laurence receivers wrap up 3-year administration
Tuesday, 11 June 2013, 9:16 am | BusinessDesk
June 11 (BusinessDesk) - St Laurence receivers Barry Jordan and David Vance of Deloitte have wound up their administration of the failed lender, recovering 16.7 cents in the dollar for investors, and are leaving the liquidator to deal with the last loan. More >>
NZ dollar gains against yen ahead of BOJ policy statement
Tuesday, 11 June 2013, 9:10 am | BusinessDesk
June 11 (BusinessDesk) – The New Zealand dollar advanced against the yen in volatile trading on speculation the Bank of Japan may announce further stimulus measures today, prompting Japanese investors to seek higher returns in markets such as New Zealand. More >>
While you were sleeping: Investors await the Fed
Tuesday, 11 June 2013, 7:49 am | BusinessDesk
June 11 (BusinessDesk) – Standard & Poor's upgraded credit outlook on the US failed to lift Wall Street from the doldrums as investors try to gauge the Federal Reserve's plans for its bond-buying program. More >>
MARKET CLOSE: NZ shares join rally on US jobs; SKC, AIR gain
Monday, 10 June 2013, 6:04 pm | BusinessDesk
June 10 (BusinessDesk) – New Zealand shares rose, joining a rally in equity markets since figures on Friday showed the US economy added more jobs than expected last month, stoking demand for growth assets. SkyCity Entertainment Group, Air New Zealand ... More >>
NZ dollar near 11-mth low as Chinese data, US jobs weigh
Monday, 10 June 2013, 5:15 pm | BusinessDesk
June 10 (BusinessDesk) - The New Zealand dollar held near an 11-month low after weak Chinese data eroded demand for the local currency and a strong US jobs report spurred support for the greenback. More >>
Serco reaps modest profit from 1st full-year running Mt Eden
Monday, 10 June 2013, 4:11 pm | BusinessDesk
June 10 (BusinessDesk) – Serco New Zealand, the local unit of the UK’s Serco Group, reaped a modest profit in the first full year of its $300 million, 10-year contract to run Mt Eden/Auckland Central Remand Prison for the Department of Corrections. More >>
NZ Dollar Outlook: Kiwi's direction clouded by US, NZ forces
Monday, 10 June 2013, 2:58 pm | BusinessDesk
June 10 (BusinessDesk) – The New Zealand dollar may struggle for direction this week as investors weigh the possibility of a higher interest rate track in New Zealand against signs of recovery in the US. More >>
Lombard four seek leave to appeal to the Supreme Court
Monday, 10 June 2013, 2:42 pm | BusinessDesk
June 10 (BusinessDesk) - The former directors of failed lender Lombard Finance & Investments are going to the Supreme Court in a final bid to overturn their convictions for making untrue statements in an offer document. More >>
