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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 1196]
Drought spreads south as Minister Guy calls Grey, Buller dry
Friday, 22 March 2013, 4:08 pm | BusinessDesk
March 22 (BusinessDesk) - Primary Industries Minister Nathan Guy has added Buller and Grey districts on the West Coast of the South Island to the growing list of regions officially experiencing drought. More >>
CORRECT: NZ visitor arrivals climb in Feb on Lunar New Year
Friday, 22 March 2013, 3:49 pm | BusinessDesk
March 22 (BusinessDesk) - New Zealand visitor arrivals climbed 9 percent last month as Chinese visitors more than doubled from a year ago amid celebrations of the Lunar New Year. More >>
MONEY TALKS: An arid reminder that nothing is a one-way bet
Friday, 22 March 2013, 3:20 pm | BusinessDesk
March 22 (BusinessDesk) - It seems like only yesterday that the rise and rise of the Fonterra Shareholders' Fund didn't show any sign of abating and the golden weather was never going to end. More >>
Solid Energy struggled to attract new chairman, papers show
Friday, 22 March 2013, 3:01 pm | BusinessDesk
March 22 (BusinessDesk) – State-owned Solid Energy struggled to find a new chairman when John Palmer announced his intention to leave early last June, because of the parlous state of the business, Treasury papers show. More >>
MIDDAY UPDATE: Chinese holidays lift NZ arrival numbers
Friday, 22 March 2013, 12:23 pm | BusinessDesk
March 22 (BusinessDesk) - The number of Chinese visitors more than doubled last month as the world's most populous nation celebrated the New Year of the Snake with international travel. More >>
NZ visitor arrivals climb in February on influx of Chinese
Friday, 22 March 2013, 11:44 am | BusinessDesk
March 22 (BusinessDesk) - New Zealand visitor arrivals climbed 9 percent last month as Chinese visitors more than doubled from a year ago amid celebrations of the Lunar New Year. More >>
Postie Plus reels from outsourcing woes as 1H loss widens
Friday, 22 March 2013, 9:48 am | BusinessDesk
March 22 (BusinessDesk) - Postie Plus Group, the retailer whose shares have plunged 38 percent this year, is reeling from a wider first-half loss as it deals with major problems at its outsourced distribution centre, burning through cash in the process. More >>
NZ dollar gains as strong GDP adds shine, euro data weakens
Friday, 22 March 2013, 9:01 am | BusinessDesk
March 22 (BusinessDesk) – The New Zealand dollar gained against the greenback and the euro as stronger-than-expected growth figures yesterday made the local economy a standout in a world of sluggish growth and data showed euro-zone manufacturing ... More >>
While you were sleeping: Euro woes weigh
Friday, 22 March 2013, 7:18 am | BusinessDesk
March 22 (BusinessDesk) – Stocks on both sides of the Atlantic fell as worse-than-expected euro zone manufacturing data bolstered concern its economic recovery might take longer than feared. More >>
MARKET CLOSE: NZ shares fall as Mainfreight guidance emerge
Thursday, 21 March 2013, 5:59 pm | BusinessDesk
March 21 (BusinessDesk) – New Zealand shares fell after global transport group Mainfreight said full-year earnings would miss analyst estimates and Xero snapped a stellar run, falling from a record high as some investors took profits. More >>
Methven shares fall 2.3% after CEO Fala flags September exit
Thursday, 21 March 2013, 5:59 pm | BusinessDesk
March 21 (BusinessDesk) - Shares in Methven fell 2.3 percent after chief executive Rick Fala will leave the tapware manufacturer in September. More >>
NZ dollar climbs to 3-week high on stronger economic growth
Thursday, 21 March 2013, 5:20 pm | BusinessDesk
NZ dollar climbs to 3-week high after economy grows 1.5% in 4Q; Cyprus woes hover More >>
Dorchester shares jump on improved profit guidance
Thursday, 21 March 2013, 5:03 pm | BusinessDesk
March 21 (BusinessDesk) - Dorchester Pacific lifted its profit guidance for this year and next on a better-than-expected contribution from newly acquired EC Credit Control and better returns from finance and insurance. Its shares jumped 7.1 percent. More >>
SFO running two investigations into Christchurch rebuild
Thursday, 21 March 2013, 3:28 pm | BusinessDesk
March 21 (BusinessDesk) - The Serious Fraud Office is running two investigations relating to the Canterbury rebuild, with the SFO saying there's evidence of other insurance fraud not serious enough for it to get involved. Separately, a unit of ... More >>
Drought fears keep market reaction to strong GDP muted
Thursday, 21 March 2013, 1:35 pm | BusinessDesk
March 21 (BusinessDesk) - The impact of the worst drought in New Zealand's North Island for almost seven decades kept investors nervous after government figures showed the economy grew at its fastest quarterly pace in three years in the last three months ... More >>
MIDDAY UPDATE: NZ economy grows faster than expected
Thursday, 21 March 2013, 12:47 pm | BusinessDesk
March 21 (BusinessDesk) - The New Zealand dollar climbed after government figures showed the economy grew at almost twice the pace forecast by the central bank in the fourth quarter. More >>
East Coast still dry, 11mm not enough, says Feds' Wills says
Thursday, 21 March 2013, 12:11 pm | BusinessDesk
March 21 (BusinessDesk) - The huge low that spread across New Zealand days ago brought rain and relief to most areas of the country but the East Coast is still dry after minimal fall. More >>
Masfen, long-term Pacific Edge backer, sells 10 mln shares
Thursday, 21 March 2013, 12:11 pm | BusinessDesk
March 21 (BusinessDesk) – Peter Masfen, a long-term backer of Pacific Edge, has sold 10 million shares in the Dunedin-based bladder cancer detection test inventor, taking advantage of a price that reached a record high this week on progress in the ... More >>
Mainfreight warns of softer second half, flat earnings
Thursday, 21 March 2013, 11:20 am | BusinessDesk
March 21 (BusinessDesk) - Mainfreight, the international logistics firm, is warning its operating earnings will be flat for the full financial year, with the second half weaker than the first six months. More >>
NZ economy grows at fastest quarterly pace in three years
Thursday, 21 March 2013, 10:51 am | BusinessDesk
March 21 (BusinessDesk) - The New Zealand economy grew at the fastest quarterly pace in three years in the tail-end of last year as demand for forestry exports underpinned gains in the primary sector. The kiwi dollar climbed on the figures. More >>
