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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 1166]
Lombard directors face stiffer sentences after losing appeal
Thursday, 30 May 2013, 2:17 pm | BusinessDesk
May 30 (BusinessDesk) - All four directors of failed lender Lombard Finance & Investments face stiffer sentences after the Court of Appeal upheld their convictions and agreed with the Crown that Justice Robert Dobson didn’t send a strong enough ... More >>
RESEND: NZ building consents rise to five-year high in April
Thursday, 30 May 2013, 12:38 pm | BusinessDesk
RESEND: NZ building consents rise to five-year high in April, bolstered by apartments, retirement units More >>
NZ building consents rise to five-year high in April
Thursday, 30 May 2013, 11:41 am | BusinessDesk
NZ building consents rise to five-year high in April, bolstered by apartments, retirement units More >>
New Talisman annual loss widens as less capital raised
Thursday, 30 May 2013, 11:34 am | BusinessDesk
May 30 (BusinessDesk) – New Talisman Gold Mines, the 10th worst performing stock on the New Zealand exchange in the past 12 months, said its loss widened last year as it raised less money from shareholders for investment. More >>
Moa posts bigger EBITDA loss amid marketing spend-up
Thursday, 30 May 2013, 10:52 am | BusinessDesk
May 30 (BusinessDesk) - Moa Group, the boutique beer maker which raised $16 million in a float last year, reported a bigger loss on an earnings before interest, tax, depreciation and amortisation basis than was flagged in its prospectus as it spent ... More >>
NZ dollar falls after Wheeler threatens more intervention
Thursday, 30 May 2013, 9:15 am | BusinessDesk
May 30 (BusinessDesk) – The New Zealand dollar fell after Reserve Bank governor Graeme Wheeler said he may intervene to dampen the currency’s rise because the kiwi is still over-valued. More >>
RBNZ’s Wheeler prepared to ‘scale up’ currency intervention
Thursday, 30 May 2013, 8:58 am | BusinessDesk
May 30 (BusinessDesk) - Reserve Bank governor Graeme Wheeler is prepared to ramp up the scale of the bank’s currency intervention as he looks to keep a lid on the kiwi, which is 18 percent above its 15-year average. More >>
While you were sleeping: Worry returns to equities
Thursday, 30 May 2013, 7:16 am | BusinessDesk
May 30 (BusinessDesk) – Wall Street declined, pushing the Dow Jones Industrial Average down from yesterday's record-high close, as investors weighed signs of improvement in the US economy with concern about the Federal Reserve's potential decrease of ... More >>
MARKET CLOSE NZ shares rise on Mainfreight result, Ebos buy
Wednesday, 29 May 2013, 6:07 pm | BusinessDesk
May 29 (BusinessDesk) – New Zealand shares rose after Mainfreight said it is working to lift its performance in Europe, Ebos raised funds for its bigger-ever acquisition and the Fonterra Shareholders’ Fund benefited from a higher payout forecast. More >>
NZ dollar climbs above 84 Aust cts on Fonterra payout
Wednesday, 29 May 2013, 5:13 pm | BusinessDesk
May 29 (BusinessDesk) - The New Zealand dollar rose above 84 Australian cents and will probably kick on further after Fonterra Cooperative Group upgraded its forecast payout to farmers by more than expected, and as construction work across the Tasman ... More >>
Ebos shares rise 1.5% after $1.1 bln Symbion acquisition
Wednesday, 29 May 2013, 5:10 pm | BusinessDesk
May 29 (BusinessDesk) - Shares of Ebos Group rose as much as 1.5 percent when trading resumed in the company’s stock, having announced a $1.1 billion acquisition of the Symbion pharmaceutical wholesaler and distributer in Australia. More >>
Zuellig likely to be passive investor in Ebos, Waller says
Wednesday, 29 May 2013, 3:18 pm | BusinessDesk
May 29 (BusinessDesk) - Privately-held Zuellig Group is likely to be a passive investor in Ebos Group as it takes a 40 percent stake in the local healthcare and veterinary products wholesaler as part of a $1.1 billion deal, Ebos managing director Mark Waller ... More >>
NZ central bank likely to use new tools within six months
Wednesday, 29 May 2013, 3:01 pm | BusinessDesk
NZ central bank likely to use new tools within six months, followed by interest rate hikes, NZIER says More >>
SFO files 19 charges against former media director Wynyard
Wednesday, 29 May 2013, 12:55 pm | BusinessDesk
May 29 (BusinessDesk) - The Serious Fraud Office has laid 19 charges against former media agency director Glenda Wynyard over $2.4 million of transactions to repay debts from her failed ad placing agency, The Media Counsel. More >>
MIDDAY UPDATE: Fonterra lifts payout forecast
Wednesday, 29 May 2013, 12:49 pm | BusinessDesk
May 29 (BusinessDesk) Fonterra Cooperative Group, the world’s biggest dairy exporter, lifted its forecast payout to farmers more than forecast, citing strong international prices for dairy products. More >>
Restaurant Brands lifts 1st quarter sales 3.9%
Wednesday, 29 May 2013, 12:19 pm | BusinessDesk
May 29 (BusinessDesk) – Restaurant Brands, which operates four fast-food chains, lifted first-quarter sales 3.9 percent after it added the Carl’s Jr burger brand to its stable in November. More >>
Mainfreight’s Braid ‘impatient’ for Europe fix
Wednesday, 29 May 2013, 11:29 am | BusinessDesk
May 29 (BusinessDesk) – Mainfreight managing director Don Braid says he’s impatient to bed down the European business after tough trading conditions in the region wiped out the transport group’s full-year earnings growth. More >>
MRP directors mop up shares as price slides, blackout looms
Wednesday, 29 May 2013, 11:03 am | BusinessDesk
May 29 (BusinessDesk) - MightyRiverPower directors have taken advantage of the slide in the state-controlled power company’s price since its listing, buying up shares before trading restrictions for the board kick in at the end of the month. More >>
Acurity Health appoints Ian England as chief executive
Wednesday, 29 May 2013, 10:55 am | BusinessDesk
May 29 (BusinessDesk) – Acurity Health Group, the private hospital operator formerly known as Wakefield Health, named Ian England as chief executive, replacing Andrew Blair. More >>
Methven confirms 20% drop in FY profit on weak Australia
Wednesday, 29 May 2013, 10:20 am | BusinessDesk
May 29 (BusinessDesk) - Methven, the tapware maker, confirmed a 20 percent slide in annual profit that it first flagged last month, due to a weak Australian market. It is still mum on a potential acquisition. More >>
