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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 1191]
Xero doubles annual sales, sees FY loss below $15 mln
Friday, 5 April 2013, 9:24 am | BusinessDesk
April 5 (BusinessDesk) - Xero, the $1.33 billion cloud-based accounting software firm that’s yet to turn a profit, doubled annual sales as its customer numbers continued to surge and said it expects an annual loss of below $15 million. More >>
NZ dollar soars vs. yen after BOJ opens stimulus floodgates
Friday, 5 April 2013, 9:07 am | BusinessDesk
April 5 (BusinessDesk) – The New Zealand dollar soared to its highest in almost five years against the yen after the Bank of Japan announced a larger-than-expected programme of monetary stimulus aimed at restoring inflation back to 2 percent and ... More >>
While you were sleeping: Central bank stimulus
Friday, 5 April 2013, 7:36 am | BusinessDesk
April 5 (BusinessDesk) – Wall Street gave up some earlier gains as concern about weak US economic data outweighed the reassurance that global central banks remain more committed than ever to bolster growth. More >>
MARKET CLOSE Shares buoyant ahead of MRP offer docs launch
Thursday, 4 April 2013, 7:40 pm | BusinessDesk
April 4 (BusinessDesk) - New Zealand shares rose against an Australian downtrend for the second day in a row, as the market appeared to reward Restaurant Brands for the Carl's Jr roll-out and 440,000 would-be kiwi investors who will see the MightyRiverPower ... More >>
From the Farm: Our birds are safe
Thursday, 4 April 2013, 6:09 pm | BusinessDesk
China has confirmed seven cases of human infection with influenza A (H7N9), the latest bird flu variant to jump the species barrier. Two have died. More >>
NZ dollar edges lower as central bank meetings awaited
Thursday, 4 April 2013, 5:34 pm | BusinessDesk
April 4 (BusinessDesk) - The New Zealand dollar edged lower in local trading as investors await the central bank meetings in Europe, the UK and the Bank of Japan. More >>
Datacom sells Asian call centres in A$20M deal
Thursday, 4 April 2013, 4:32 pm | BusinessDesk
April 4 (BusinessDesk) - New Zealand multi-national information technology company Datacom is selling its "mature" Asian call centre operations to a Cincinnati-based global operator, Convergys. More >>
Senior Aussie PGG Wrightson exec to head Landcorp
Thursday, 4 April 2013, 4:15 pm | BusinessDesk
April 4 (BusinessDesk) - PGG Wrightson's Steve Carden, who heads up its Australian seeds unit, will leave the country's biggest rural supplies firm to take up the reins at New Zealand government-owned Landcorp Farming in July. More >>
Diligent nominates new director, auditor
Thursday, 4 April 2013, 12:59 pm | BusinessDesk
April 4 (BusinessDesk) - Diligent Board Member Services, whose trebling of annual profit has been undermined by administrative errors, will ask shareholders to appoint a new director and auditor at the upcoming annual meeting in June. More >>
MIDDAY UPDATE: MightyRiverPower board staring at pay hike
Thursday, 4 April 2013, 12:27 pm | BusinessDesk
April 4 (BusinessDesk) - The directors of MightyRiverPower are in line for a big pay increase after the government signed off on hiking their fees to bring them in line with comparable listed companies. More >>
RMA reforms timid and a missed opportunity, BusinessNZ says
Thursday, 4 April 2013, 11:09 am | BusinessDesk
April 4 (BusinessDesk) - Proposed changes to the Resource Management Act are a timid, missed opportunity and are "unlikely to contribute to the Prime Minister's goal of making New Zealand 'a magnet for investment'," says BusinessNZ. More >>
Restaurant Brands FY profit slips 4.5%, sees gains this year
Thursday, 4 April 2013, 11:02 am | BusinessDesk
April 4 (BusinessDesk) - Restaurant Brands New Zealand, the fast-food franchise operator, reported a 4.5 percent drop in annual profit, though it sees increased earnings in the coming year as its new product mix takes hold. More >>
NZ dollar falls vs. yen before BOJ, rises against greenback
Thursday, 4 April 2013, 9:04 am | BusinessDesk
April 4 (BusinessDesk) – The New Zealand dollar fell against the yen before the Bank of Japan’s meeting today as traders trimmed short positions in the Japanese currency to guard against the central bank under-delivering on monetary easing. More >>
While you were sleeping: US data disappoint
Thursday, 4 April 2013, 7:31 am | BusinessDesk
April 4 (BusinessDesk) – Wall Street sagged from the record highs reached yesterday as the latest jobs and services industry data were weaker than expected, prompting concern about the strength of the recovery in the world's largest economy. More >>
MARKET CLOSE: NZ shares edge up, led by Telecom
Wednesday, 3 April 2013, 6:16 pm | BusinessDesk
April 3 (BusinessDesk) – New Zealand shares rose, led by Telecom as investors digested its plan to slash costs while Contract Energy extended its slide on concern the possible closure of the Bluff smelter could leave power companies with even more surplus capacity. More >>
NZ dollar gains vs. euro, pound; central bank meetings loom
Wednesday, 3 April 2013, 5:13 pm | BusinessDesk
April 3 (BusinessDesk) - The New Zealand dollar held gains against the euro and pound as investors await central bank meetings in Europe and the UK with that region struggling to recover from its sovereign debt crisis. More >>
Contact, parent Origin mull redemption of $2.03B of notes
Wednesday, 3 April 2013, 1:14 pm | BusinessDesk
Contact Energy, parent Origin mull redemption of $2.03 bln of notes after S&P change More >>
MIDDAY UPDATE: Dairy prices jump to record high at auction
Wednesday, 3 April 2013, 12:26 pm | BusinessDesk
April 3 (BusinessDesk) - Prices on Fonterra Cooperative Group's online auction site GlobalDairyTrade jumped 14 percent to a record high as the local drought saps supply amid persistent demand for milk products. More >>
Up to six years for Igloo to breakeven: TVNZ
Wednesday, 3 April 2013, 12:16 pm | BusinessDesk
TVNZ, Sky TV to wait up to 6 years for Igloo to breakeven, state broadcaster says More >>
Telco Commissioner to press ahead with UBA determination
Wednesday, 3 April 2013, 9:32 am | BusinessDesk
April 3 (BusinessDesk) - Telecommunications Commissioner Stephen Gale will press ahead with a review of wholesale broadband pricing on Chorus's ageing copper lines despite government plans to blunt price controls with a review of the entire sector's ... More >>
