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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 1187]
MIDDAY UPDATE: Dominion Finance's Cropp convicted
Friday, 12 April 2013, 12:06 pm | BusinessDesk
April 12 (BusinessDesk) - The Serious Fraud Office has added the scalp of former Dominion Finance and North and South Finance executive Paul Cropp to its list of finance company wins, though it missed out on convictions for two others in the case. More >>
SFO adds Dominion Finance's Cropp to list of scalps
Friday, 12 April 2013, 11:52 am | BusinessDesk
April 12 (BusinessDesk) - The Serious Fraud Office has added the scalp of former Dominion Finance and North and South Finance executive Paul Cropp to its tally of successful finance company prosecutions. More >>
NZ food prices drop 1.3% in March as produce, groceries fall
Friday, 12 April 2013, 11:31 am | BusinessDesk
April 12 (BusinessDesk) – New Zealand food prices recorded their biggest drop since October 2011 last month, led by declines in prices of apples, tomatoes, kumara, mandarins and chocolate bars. More >>
Mainzeal receivers mull options for Victoria St building sal
Friday, 12 April 2013, 10:25 am | BusinessDesk
April 12 (BusinessDesk) - The receivers of failed construction firm Mainzeal are weighing up their options to get the best price for Mainzeal House on Auckland's Victoria St. More >>
NZ dollar climbs above 86 US cts as high yield drives demand
Friday, 12 April 2013, 8:57 am | BusinessDesk
April 12 (BusinessDesk) – The New Zealand dollar continued its rally, topping 86 US cents and charting a new record on a trade-weighted basis as the nation’s economic fundamentals and demand for high yields in a low-rate world drove demand. More >>
From the Farm: Baby Food boom
Friday, 12 April 2013, 7:34 am | BusinessDesk
China has a food security problem, which is an enormous problem when you’re the world’s most-populous nation. In June last year, dairy company Inner Mongolia Yili Industrial Group recalled baby formula after finding abnormal levels of mercury. ... More >>
More kiwi wealth tied up in small businesses, English says
Friday, 12 April 2013, 7:26 am | BusinessDesk
April 11 (BusinessDesk) - New Zealanders have more of their savings tied up in small business ventures and less in the perennial favourite housing than previously thought, according to Finance Minister Bill English. More >>
While you were sleeping: Record dance goes on
Friday, 12 April 2013, 7:03 am | BusinessDesk
April 12 (BusinessDesk) – Wall Street advanced, pushing the Dow Jones Industrial Average and the Standard & Poor's 500 Index to record highs, after a better than-expected report on US jobless claims. More >>
MARKET CLOSE NZ shares extend slide as kiwi gains
Thursday, 11 April 2013, 6:07 pm | BusinessDesk
April 11 (BusinessDesk) – New Zealand shares extended their decline after a stellar first quarter, as the high kiwi dollar weighed on companies with US dollar sales, such as Fisher & Paykel Healthcare. More >>
Bathurst hopes to be mining by year end
Thursday, 11 April 2013, 6:07 pm | BusinessDesk
April 11 (BusinessDesk) - Bathurst Resources hopes to be mining coal off the Denniston Plateau, inland from Westport, by the end of this year, as long as environmental groups don't appeal an Environment Court ruling upholding the company's resource ... More >>
NZ dollar extends rally after weak Australian jobs
Thursday, 11 April 2013, 5:08 pm | BusinessDesk
April 11 (BusinessDesk) - The New Zealand dollar extended its gains after weaker than expected Australian employment figures saw funds cross the Tasman in search of better returns in a more stable economy. More >>
NZ house sales climb to 6-year high in March
Thursday, 11 April 2013, 4:01 pm | BusinessDesk
NZ house sale volumes climb to 6-year high in March, prices rise to new record, REINZ says More >>
Warehouse’s Red Sheds ‘fade to grey’
Thursday, 11 April 2013, 3:35 pm | BusinessDesk
April 11 (BusinessDesk) – Warehouse Group chief executive Mark Powell is toning down the use of red in the retailer’s iconic Red Sheds as part of efforts to give shoppers a better experience and shake the cheap and nasty image. More >>
(RESEND) Changes loom at Noel Leeming
Thursday, 11 April 2013, 3:28 pm | BusinessDesk
April 11 (BusinessDesk) - Warehouse Group is preparing to gear up investment and refresh the strategy at Noel Leeming after bedding in December’s $65 million acquisition from buyout firm Gresham Private Equity. More >>
Manufacturers handling high kiwi better than expected
Thursday, 11 April 2013, 2:49 pm | BusinessDesk
April 11 (BusinessDesk) - Local manufacturers are dealing with the record-high exchange rate better than expected in their race to stay profitable as the strong kiwi erodes their returns, Finance Minister Bill English says. More >>
Changes loom at Noel Leeming as Warehouse beds in purchase
Thursday, 11 April 2013, 2:25 pm | BusinessDesk
April 11 (BusinessDesk) - Warehouse Group is preparing to gear up investment and refresh the strategy at Noel Leeming after bedding in December’s $65 million acquisition from buyout firm Gresham Private Equity. More >>
MIDDAY UPDATE: Budget on track for 2015 surplus
Thursday, 11 April 2013, 12:51 pm | BusinessDesk
April 11 (BusinessDesk) – This year’s Budget will confirm the government is on track to get its books back into surplus by 2015, Finance Minister Bill English says. More >>
Budget will show govt on track for surplus in 2015
Thursday, 11 April 2013, 12:41 pm | BusinessDesk
April 11 (BusinessDesk) - The government is still forecasting it will get its books back into surplus in the year to June 30, 2015, and will confirm the track to that outcome in the May 16 Budget, Finance Minister Bill English said today. More >>
Backpacker and holiday park guest nights grow strongly
Thursday, 11 April 2013, 11:41 am | BusinessDesk
April 11 (BusinessDesk) - New Zealand guest nights rose in February, recovering most of January's loss, led by increasing visitors at backpackers and holiday parks. More >>
NZ manufacturing pace of expansion slows in March
Thursday, 11 April 2013, 11:08 am | BusinessDesk
April 11 (BusinessDesk) - New Zealand manufacturing grew at a slower pace in March, although food processing near the end of the season and drought in the North Island saw farmers send more livestock to the meatworks. More >>
