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 1185]
Smiths City reaps savings switching to ANZ from F&P Finance
Wednesday, 17 April 2013, 3:34 pm | BusinessDesk
Smiths City reaps 4 percentage points of savings switching to ANZ from F&P Finance More >>
NZ Education Ministry prompts James Hardie trading halt
Wednesday, 17 April 2013, 2:27 pm | BusinessDesk
April 17 (BusinessDesk) - James Hardie Industries, the Australian building products company, has halted trading in its ASX-listed shares pending an announcement over legal action by New Zealand's Ministry of Education. More >>
NZ retailer discounting keeps lid on first-quarter inflation
Wednesday, 17 April 2013, 1:48 pm | BusinessDesk
April 17 (BusinessDesk) - New Zealand retailers kept a lid on first-quarter inflation as they slashed prices in a bid to attract cautious households unwilling to ramp up their spending. More >>
MIDDAY UPDATE: Consumer prices rise 0.4% in March quarter
Wednesday, 17 April 2013, 12:38 pm | BusinessDesk
April 17 (BusinessDesk) - New Zealand's consumer prices rose 0.4 percent in the first three months of the year, led by a 10 percent hike on tobacco excise. More >>
Belgrave Finance’s Smith pleads guilty to 25 fraud charges
Wednesday, 17 April 2013, 12:32 pm | BusinessDesk
April 17 (BusinessDesk) – Stephen Smith, former director of the failed Belgrave Finance, has pleaded guilty to 25 charges of fraud related to the collapse of the company in 2008. More >>
NZ inflation up 0.4 percent in 1Q, led by tobacco and scrips
Wednesday, 17 April 2013, 11:05 am | BusinessDesk
April 17 (BusinessDesk) - New Zealand consumer prices rose in line with expectations in the first three months of the year, led by more expensive cigarettes and tobacco from rising excise duty and higher costs for prescription medicines. More >>
NZ dollar gains before CPI, helped by dairy gains, stocks
Wednesday, 17 April 2013, 9:18 am | BusinessDesk
April 17 (BusinessDesk) – The New Zealand dollar rose back above 85 US cents before figures that are expected to show a pick-up in quarterly inflation and after gains on Wall Street and a modest increase in dairy prices to a new record. More >>
GPG to reap 92 mln pounds from latest round of asset sales
Wednesday, 17 April 2013, 9:18 am | BusinessDesk
April 17 (BusinessDesk) - Guinness Peat Group, which expects to rebrand itself as UK threadmaker Coats later this year, anticipates it will reap 92 million pounds from its latest round of asset sales. More >>
Chorus signs UFB contracts; Govt to change security laws
Wednesday, 17 April 2013, 9:15 am | BusinessDesk
April 17 (BusinessDesk) - Chorus, the telecommunications network operator spun out of Telecom, has signed contracts with Visionstream and Downer worth some $1 billion for those firms to build the nation's ultrafast broadband network, and is still in ... More >>
While you were sleeping: Coca-Cola earnings sizzle
Wednesday, 17 April 2013, 7:36 am | BusinessDesk
April 17 (BusinessDesk) – Wall Street gained as investors opted to focus on American corporate earnings that surpassed expectations, while the latest economic data bolstered the case for the Federal Reserve to maintain its stimulus measures. More >>
Dairy product prices edge up to new record as rally abates
Wednesday, 17 April 2013, 7:32 am | BusinessDesk
April 17 (BusinessDesk) – Prices of dairy products recorded their smallest gain this year, edging up to a new record while suggesting the New Zealand drought fuelled surge is abating. More >>
MARKET CLOSE: NZ shares fall with global equities
Tuesday, 16 April 2013, 5:52 pm | BusinessDesk
April 16 (BusinessDesk) – New Zealand shares fell, as weaker economic data from China and the US weighed on equity markets and commodity prices. OceanaGold, NZ Oil & Gas and Fonterra Shareholders’ Fund were among decliners. More >>
NZ dollar pares loss after gold price slimp, Boston bombings
Tuesday, 16 April 2013, 5:15 pm | BusinessDesk
NZ dollar pares loss after slump in gold price, Boston bombings send quiver through markets More >>
Woosh declares $2.4M loss, depends on parent for its future
Tuesday, 16 April 2013, 4:31 pm | BusinessDesk
April 16 (BusinessDesk) - New Zealand wireless broadband provider Woosh Wireless has reported a $2.4 million loss for the 10 months to Aug. 31, with notes to the accounts disclosing the company relies on funding from its Californian-based 75 percent ... More >>
Budget to sprinkle funds to international growth agenda
Tuesday, 16 April 2013, 3:08 pm | BusinessDesk
April 16 (BusinessDesk) - New government spending in the May 16 budget will be skewed towards supporting fast-growth export businesses, Prime Minister John Key says. More >>
NZ budget earmarks extra $158M for tourism over 4 years: Key
Tuesday, 16 April 2013, 12:53 pm | BusinessDesk
April 16 (BusinessDesk) - Prime Minister and Tourism Minister John Key said an additional $158 million over four years will be earmarked for tourism in next month’s budget. More >>
MIDDAY UPDATE: Kiwi dollar sinks as markets rattled
Tuesday, 16 April 2013, 12:19 pm | BusinessDesk
April 16 (BusinessDesk) - The New Zealand dollar dropped below 84 US cents after weak Chinese growth figures yesterday and the twin-bombings at the Boston marathon spooked investors. More >>
Diligent sees growing importance in European sales
Tuesday, 16 April 2013, 12:02 pm | BusinessDesk
April 16 (BusinessDesk) - Diligent Board Member Services sees major growth opportunities in Europe where companies haven't jumped on to the Boardbooks bandwagon, but still hasn't decided what to do with its growing pile of cash. More >>
NZ dollar tumbles below 84 cents
Tuesday, 16 April 2013, 9:04 am | BusinessDesk
April 16 (BusinessDesk) – The New Zealand dollar extended its slide, falling below 84 US cents as financial markets digested the implications of weaker-than-expected Chinese growth which has weighed on equity markets and commodities. More >>
Diligent boosts 1Q sales 84% with strong growth outside US
Tuesday, 16 April 2013, 8:57 am | BusinessDesk
April 16 (BusinessDesk) - Diligent Board Member Services, whose software helps directors manage corporate governance information flows, boosted first quarter sales 84 percent from a year earlier, with rapid growth outside its power base in the US. More >>
