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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 1195]
SMELLIE ON SMEs: Cutting costs while trying to hire well
Monday, 25 March 2013, 8:24 pm | BusinessDesk
March 25 (BusinessDesk) - In most small and medium-sized businesses, staff are not only one of the biggest costs, but are also one of the company's most important resources. More >>
MARKET CLOSE: NZ shares fall, Fletcher dips
Monday, 25 March 2013, 5:43 pm | BusinessDesk
March 25 (BusinessDesk) – New Zealand shares fell, paced by Fletcher Building, which drifted off in the absence of offshore buyers and concern it needs to lift earnings to justify its current share price. SkyCity Entertainment Group dropped ... More >>
NZ dollar falls vs. euro after Cyprus gets bailout
Monday, 25 March 2013, 5:19 pm | BusinessDesk
March 25 (BusinessDesk) - The New Zealand dollar fell against the euro after the Cypriot government stitched together a lifeline from the European Union and International Monetary Fund to keep the Mediterranean nation from defaulting and forcing the first ... More >>
China Construction Bank board approves plan for NZ unit
Monday, 25 March 2013, 5:02 pm | BusinessDesk
March 25 (BusinessDesk) - China Construction Bank, the world's second biggest lender by market value, has got board approval to set up a subsidiary in New Zealand. More >>
Batteries the biggest obstacle to solar power in the Pacific
Monday, 25 March 2013, 4:01 pm | BusinessDesk
March 25 (BusinessDesk) - The rapidly falling costs of electricity produced from the using photo-voltaic cells makes solar power one of the best options for remote Pacific Islands, but the cost and short lifespan of current battery technology is ... More >>
SCF receivership in last days having recovered $774.4M
Monday, 25 March 2013, 2:18 pm | BusinessDesk
March 25 (BusinessDesk) - The receivers for failed Timaru lender South Canterbury Finance will wrap up their administration at the end of the month, having clawed back $774.4 million in the two-and-a-half year administration. More >>
NZ Dollar Outlook: Kiwi may gain in afterglow of GDP
Monday, 25 March 2013, 12:45 pm | BusinessDesk
March 25 (BusinessDesk) – The New Zealand dollar may gain as investors are drawn to the relative outperformance of the local economy in a week front-loaded with risk around Cyprus’s deadline to agree terms for a bailout by the end of Monday. More >>
Precinct buys Queen St's HSBC Tower for $103M
Monday, 25 March 2013, 12:38 pm | BusinessDesk
March 25 (BusinessDesk) - Precinct Properties New Zealand, formerly AMP NZ Office, has agreed to buy HSBC Tower at the bottom of Auckland's Queen St for $103 million, and plans to run the ruler over its existing funding options. More >>
MIDDAY UPDATE: Queen St's HSBC Tower goes for $103M
Monday, 25 March 2013, 12:32 pm | BusinessDesk
March 25 (BusinessDesk) - The HSBC Tower at No 1 Queen St in Auckland has sold for $103 million to commercial property investor Precinct Properties. More >>
Jasons Travel in talks with banks over covenant breach
Monday, 25 March 2013, 11:33 am | BusinessDesk
March 25 (BusinessDesk) - Jasons Travel Media, which announced the departures of its chief executive and a director in the past two months, is in talks with its banks after breaching lending covenants and forecasting an annual loss. The Auckland-based ... More >>
Snakk Media 3Q sales accelerate, signals share purchase plan
Monday, 25 March 2013, 10:59 am | BusinessDesk
March 25 (BusinessDesk) - Snakk Media, the latest brainchild of Hyperfactory co-founder Derek Handley, accelerated sales in the third quarter and is planning to raise new funds from existing shareholders next month. More >>
Opus asks shareholders to approve JV in Middle East
Monday, 25 March 2013, 9:51 am | BusinessDesk
March 25 (BusinessDesk) - Opus International Consultants, the engineering firm with one of four mandates to lead design the rebuild of Christchurch city, is asking shareholders to approve a joint venture with a sister firm to target the Middle East. More >>
NZ dollar gains vs. euro as Cyprus deadline looms
Monday, 25 March 2013, 9:33 am | BusinessDesk
March 25 (BusinessDesk) – The New Zealand dollar gained against the euro as Cyprus nears a deadline to secure a European Union bailout to avoid a collapse of its banks and the possible exit from the euro zone. More >>
World Week Ahead: New heights, Cyprus deal
Monday, 25 March 2013, 8:57 am | BusinessDesk
March 25 (BusinessDesk) – The rally that has propelled the Standard & Poor’s 500 Index 9.2 percent higher so far this year may finally—this week—bring the benchmark index to a fresh record. More >>
MARKET CLOSE: NZ shares mixed in post-results hiatus
Friday, 22 March 2013, 6:01 pm | BusinessDesk
March 22 (BusinessDesk) – New Zealand shares were mixed in the post-earnings, ex-dividend hiatus. Mainfreight extended its decline after saying earnings would miss estimates and Auckland International Airport rose after reporting monthly passenger growth. More >>
Pyne Gould offloads bulk of Perpetual business to van Eyk
Friday, 22 March 2013, 6:00 pm | BusinessDesk
March 22 (BusinessDesk) - Pyne Gould Corp, the South Island asset management firm controlled by George Kerr, has sold the bulk of its Perpetual businesses to Australian research and management group van Eyk Research. More >>
NZ dollar heads for 1.2% gain on TWI as economy grows
Friday, 22 March 2013, 5:29 pm | BusinessDesk
NZ dollar heads for 1.2% gain on TWI as economy grows, speculation on Fonterra payout More >>
Reserve Bank seeks tougher powers on payment systems
Friday, 22 March 2013, 5:07 pm | BusinessDesk
March 22 (BusinessDesk) - The Reserve Bank is seeking to strengthen its oversight over payment and settlement systems, and wants to bring the financial markets watchdog on side to help with securities market settlement systems. More >>
Apple’s NZ unit paid tax of just 0.4% of its $571M sales
Friday, 22 March 2013, 5:00 pm | BusinessDesk
Apple’s NZ unit paid tax amounting to 0.4% of its half-billion sales in 2012 More >>
Craigs Investment’s Craig sees more placements this year
Friday, 22 March 2013, 4:10 pm | BusinessDesk
Craigs Investment’s Craig sees more placements this year; firm posts 7.5% profit gain More >>
