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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 1189]
MARKET CLOSE: NZ shares fall; F&P Healthcare, Fletcher drop
Tuesday, 9 April 2013, 5:54 pm | BusinessDesk
April 9 (BusinessDesk) – New Zealand shares fell, paced by Fisher & Paykel Healthcare as the kiwi dollar rose, and Fletcher Building, which faces a sluggish market in Australia. More >>
NZ dollar extends rally into uncharted TWI territory
Tuesday, 9 April 2013, 5:21 pm | BusinessDesk
April 9 (BusinessDesk) - The New Zealand was propelled to fresh highs on a trade-weighted basis as the Bank of Japan's massive easing programme continues to weaken the yen. More >>
SMELLIE ON SME's: Could this really be the recovery?
Tuesday, 9 April 2013, 4:14 pm | BusinessDesk
April 9 (BusinessDesk) - Think back over the headlines of the last couple of months: the over-valued kiwi dollar, the hundreds of big corporate lay-offs, the impact of the drought on agricultural production, the alleged crisis in manufacturing, the ... More >>
Methven says FY profit fell about 21% on weak Aust trading
Tuesday, 9 April 2013, 3:43 pm | BusinessDesk
April 9 (BusinessDesk) - Methven, the tapware maker, says full-year profit fell about 21 percent on weaker trading in the Australian market. The shares fell to an 11-month low. More >>
UPDATED: Rangatira lifts FY guidance
Tuesday, 9 April 2013, 2:44 pm | BusinessDesk
April 9 (BusinessDesk) - Rangatira, the Wellington-based investment company, lifted its guidance for full-year earnings growth, reflecting a stronger performance from businesses such as small goods maker Hellers and Auckland Packaging. More >>
Rangatira lifts FY guidance, pushes on with liquidity plans
Tuesday, 9 April 2013, 12:57 pm | BusinessDesk
April 9 (BusinessDesk) - Rangatira, the Wellington-based investment company, lifted its guidance for full-year earnings growth, reflecting a stronger performance from businesses such as small goods maker Hellers and Auckland Packaging. More >>
NZ property values slow pace of growth in March
Tuesday, 9 April 2013, 12:56 pm | BusinessDesk
April 9 (BusinessDesk) - New Zealand property values slowed their pace of growth last month, though the level of listings in Auckland is still limited, according to state valuer Quotable Value. More >>
MIDDAY UPDATE: NZ business confidence booming
Tuesday, 9 April 2013, 12:24 pm | BusinessDesk
April 9 (BusinessDesk) - Local firms are more upbeat than they've been since before the 2008 global financial crisis, according to the New Zealand Institute of Economic Research's latest quarterly survey of business opinion. More >>
Strongest business confidence since pre-GFC, says NZIER
Tuesday, 9 April 2013, 10:15 am | BusinessDesk
April 9 (BusinessDesk) - Business confidence is at its strongest since June 2007, when the domestic economy was starting to turn down ahead of the global financial crisis in 2008, according to the latest Quarterly Survey of Business Opinion from ... More >>
Mainzeal workers slashed to 14 full-time from 500
Tuesday, 9 April 2013, 10:06 am | BusinessDesk
April 9 (BusinessDesk) – Mainzeal Group’s receivers have slashed the number of full-time workers to just 14 from 500 as they focus on quantifying liabilities at the failed construction firm, according to their first report. More >>
Telecom dumps Alcatel-Lucent for Huawei in 4G network build
Tuesday, 9 April 2013, 10:03 am | BusinessDesk
April 9 (BusinessDesk) - Telecom Corp, the country's biggest telecommunications company, has dumped the architect of its mobile network Alcatel-Lucent in favour of Chinese heavyweight Huawei to build its 4G infrastructure. More >>
Michael Hill 9-month sales rise 8.8%, led by Australia, NZ
Tuesday, 9 April 2013, 9:21 am | BusinessDesk
April 9 (BusinessDesk) - Michael Hill International, the jewellery chain that bears its founder's name, said sales in the first nine months of the year rose 8.8 percent on revenue gains in its biggest markets of Australia and New Zealand. More >>
NZ dollar TWI above 78 for first time, kiwi soars vs. yen
Tuesday, 9 April 2013, 8:52 am | BusinessDesk
NZ dollar TWI above 78 for first time, kiwi at 5-year high vs. yen More >>
While you were sleeping: Alcoa kicks off
Tuesday, 9 April 2013, 7:12 am | BusinessDesk
April 9 (BusinessDesk) – Wall Street advanced as investors eyed the results of Alcoa due after the close of the market today to gauge whether the recent weakness in US economic numbers is going to be reflected in corporate profits. More >>
MARKET CLOSE: NZ shares slip from highs
Monday, 8 April 2013, 5:58 pm | BusinessDesk
April 8 (BusinessDesk) – New Zealand shares fell, nudging the NZX 50 Index down from a record high. Air New Zealand was the biggest decliner while Pumpkin Patch led some retailers lower. Fletcher Building fell as the central bank signaled concern ... More >>
Rash of oil and mineral protests around NZ
Monday, 8 April 2013, 5:52 pm | BusinessDesk
April 8 (BusinessDesk) - Environmental protests against oil, gas and gold mining have broken out from one end of the country to the other in the last two days. More >>
Reserve Bank watching heat in housing market
Monday, 8 April 2013, 5:28 pm | BusinessDesk
April 8 (BusinessDesk) – The Reserve Bank of New Zealand would raise interest rates if there were signs that an overheated housing market in Auckland and Christchurch was spilling over into broader inflation pressures and consumer spending, says Deputy ... More >>
NZ dollar TWI hits fresh post-float high on BOJ largesse
Monday, 8 April 2013, 5:26 pm | BusinessDesk
NZ dollar TWI hits fresh post-float high as BOJ keeps kiwi attractive, RBNZ's Spencer talks housing More >>
Treasury doubles central bank's forecast for drought impact
Monday, 8 April 2013, 4:28 pm | BusinessDesk
April 8 (BusinessDesk) - The Treasury forecasts the summer drought will knock 0.7 of a percentage point off annual economic growth, more than twice the 0.2 percent to 0.3 percent forecast by the Reserve Bank of New Zealand in its latest monetary ... More >>
Feltex vendors granted leave to appeal time-bar in lawsuit
Monday, 8 April 2013, 3:58 pm | BusinessDesk
April 8 (BusinessDesk) - The Supreme Court has granted the sellers of failed carpet maker Feltex leave to appeal a class action being led by former shareholder Eric Houghton over whether some or all of the 3,000 investors who have joined the action ... More >>
