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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 1167]
Fonterra lifts 2014 forecast payment to farmers to $7/kgMS
Wednesday, 29 May 2013, 9:44 am | BusinessDesk
May 29 (BusinessDesk) - Fonterra Cooperative Group, the world's biggest dairy exporter, expects to pay $1.20 more to farmers per kilogram of milk solids for the 2014 season as a result of strong international prices for dairy products. More >>
Ebos grabs scale with $1.1 bln purchase in Aussie
Wednesday, 29 May 2013, 9:35 am | BusinessDesk
May 29 (BusinessDesk) - Ebos Group, the healthcare and animal care products company, has agreed to buy Zuellig Group’s Australian pharmaceutical wholesaler and distributor, Symbion, in a $1.1 billion deal which will more than triple its annual revenues and ... More >>
NZ dollar may gain on view Fonterra will lift forecast
Wednesday, 29 May 2013, 8:52 am | BusinessDesk
May 29 (BusinessDesk) – The New Zealand dollar may rise on expectations Fonterra, the nation’s largest exporter, will raise its forecast payout to farmers. More >>
While you were sleeping: US consumer gains confidence
Wednesday, 29 May 2013, 7:35 am | BusinessDesk
May 29 (BusinessDesk) – Equities on both sides of the Atlantic advanced after the latest reports on US consumer confidence and house prices bolstered optimism the American recovery is on track. More >>
MARKET CLOSE: NZ shares mixed; Tower gains
Tuesday, 28 May 2013, 5:51 pm | BusinessDesk
May 28 (BusinessDesk) – New Zealand shares were mixed, leaving the NZX 50 Index little changed, as investors welcomed Tower’s plans to return more capital and companies leading the recent rally, such as Ryman Healthcare, came off their highs. More >>
NZ dollar little changed after greenback rally
Tuesday, 28 May 2013, 5:12 pm | BusinessDesk
May 28 (BusinessDesk) - The New Zealand dollar was little changed in local trading as investors compose themselves after a 5.4 percent slide against the greenback on improving prospects for the US economy. More >>
Allied Farmers may lift loan book value by $276K
Tuesday, 28 May 2013, 2:27 pm | BusinessDesk
Allied Farmers may lift loan book value by $276K as IRD lurks with liquidator’s axe More >>
Goldman, Macquarie, Bell Gully emerging winners in SOE sales
Tuesday, 28 May 2013, 2:20 pm | BusinessDesk
May 28 (BusinessDesk) – The local arms of global investment banks Goldman Sachs and Macquarie have been picked for the plum job of lead managing the Meridian Energy partial privatisation, with New Zealand law firm Bell Gully picked as the government’s ... More >>
Pharmacybrands FY profit rises 33%, may trim range of brands
Tuesday, 28 May 2013, 2:12 pm | BusinessDesk
May 28 (BusinessDesk) - Pharmacybrands, the retail pharmacy and medical centre owner, lifted annual profit by a third in the latest financial year amid a cost-cutting drive which will see the company trim its range of brands. More >>
Zespri annual profit on Psa costs, Chinese fines
Tuesday, 28 May 2013, 1:51 pm | BusinessDesk
May 28 (BusinessDesk) – Zespri International, which controls exports of New Zealand kiwifruit, reduced its annual profit by almost two thirds after it increased spending to help the industry recover from the Psa vine bacteria and paid Chinese court fines. More >>
FMA in talks to cut deal with Strategic Finance directors
Tuesday, 28 May 2013, 12:33 pm | BusinessDesk
May 28 (BusinessDesk) - The Financial Markets Authority is in talks with the board of failed lender Strategic Finance in a bid to cut a deal, while the receiver for the financier has extended its own settlement discussions. More >>
Energy Mad posts wider-than-expected loss on bulb delays
Tuesday, 28 May 2013, 11:20 am | BusinessDesk
Energy Mad posts wider-than-expected annual loss of $2.5 million after bulb delays crimp sales More >>
Tower posts 1H profit as asset sales reap gains of $51.4M
Tuesday, 28 May 2013, 9:26 am | BusinessDesk
May 28 (BusinessDesk) - Tower, the insurer that is 34 percent owned by Guinness Peat Group, has posted a first-half profit after reaping $51.4 million in gains from the sale of its health, life, and investment units that left it as a general insurer. More >>
NZ dollar may stabilize if US data point to slower recovery
Tuesday, 28 May 2013, 9:00 am | BusinessDesk
May 28 (BusinessDesk) – The New Zealand dollar may halt its slump against the greenback on signs the world’s largest economy is not yet in a self-sustaining recovery. More >>
While you were sleeping: European stocks gain
Tuesday, 28 May 2013, 7:46 am | BusinessDesk
May 28 (BusinessDesk) – European equities advanced as investors judged recent declines as overdone and concern about the end of central bank support premature. More >>
Govt mulls cyber security awareness advisory group
Monday, 27 May 2013, 6:10 pm | BusinessDesk
May 27 (BusinessDesk) - The government is considering setting up an advice group on how to improve public awareness about the risks of cyber-security, as internet-based crime becomes increasingly prevalent. More >>
NZ dollar may gain to 85 Aust cts as mining finally peaks
Monday, 27 May 2013, 5:29 pm | BusinessDesk
NZ dollar may gain to 85 Aust cts as mining boom peak finally looms By Paul McBeth More >>
IRD files to liquidate Allied Farmers’ rural unit over tax
Monday, 27 May 2013, 2:51 pm | BusinessDesk
May 27 (BusinessDesk) - Allied Farmers, which kept itself alive in March through a fire sale of toxic loans, is back in the firing line after its rural unit was today served with a liquidation notice by the Inland Revenue Department over a $4.2 million ... More >>
NZ Dollar Outlook: Kiwi may rise vs. Aussie
Monday, 27 May 2013, 1:54 pm | BusinessDesk
NZ Dollar Outlook: Kiwi may rise vs. Aussie on prospects for better growth, higher rates More >>
Vealls’ Cardrona sale marks first step in Singapore re-focus
Monday, 27 May 2013, 1:45 pm | BusinessDesk
May 27 (BusinessDesk) – Vealls Ltd has named its preferred bidder for Cardrona Alpine Resort, the first step in a strategy to refocus on Singapore that is opposed by shareholder Elevation Capital Management. More >>
