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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.

Contact BusinessDesk

Email - editor@businessdesk.co.nz

BusinessDesk - Latest News [Page 1204]

NZ dollar extends gain as Aussie growth buoys investors

Wednesday, 6 March 2013, 5:17 pm | BusinessDesk

March 6 (BusinessDesk) - The New Zealand dollar extended gains through the local session after Australian growth renewed investors' interest in the trans-Tasman currencies after rising dairy prices and strong US equity markets sparked off an earlier rally. More >>

Last chance for Penny and Hooper-style tax dodgers, says IRD

Wednesday, 6 March 2013, 4:28 pm | BusinessDesk

March 6 (BusinessDesk) - Fresh from its big win in the Court of Appeal on the use of Optional Convertible Notes to avoid corporate tax, the Inland Revenue Department is warning individual taxpayers who have reduced their tax through income diversion ... More >>

Brierley cashes in more GPG shares

Wednesday, 6 March 2013, 2:21 pm | BusinessDesk

March 6 (BusinessDesk) - Veteran corporate raider Sir Ron Brierley cashed in more Guinness Peat Group shares as the investment firm he helped found draws closer to next incarnation, while at the same time chairman Rob Campbell, who's leading the ... More >>

Fulton Hogan sorting Pacific Highway problems, upbeat on 1H

Wednesday, 6 March 2013, 1:46 pm | BusinessDesk

March 6 (BusinessDesk) - Fulton Hogan, the privately-held construction firm, says it has ironed out the problems associated with its Pacific Highway project in New South Wales and has recorded a strong first-half result, without disclosing what ... More >>

CORRECT: Snakk Media almost doubles on NZAX listing debut

Wednesday, 6 March 2013, 12:34 pm | BusinessDesk

CORRECT: Snakk Media almost doubles on NZAX listing debut, signals share purchase plan in 2Q More >>

MIDDAY UPDATE: North Island gets a little drier

Wednesday, 6 March 2013, 12:29 pm | BusinessDesk

March 6 (BusinessDesk) - Primary Industries Minister Nathan Guy has officially widened the drought zone to include most of the North Island, meaning weather-stricken farmers facing smaller production this season can get some help from the government. More >>

CORRECT: Blue Star snaps up Geon labels out of receivership

Wednesday, 6 March 2013, 12:07 pm | BusinessDesk

March 6 (BusinessDesk) - Blue Star Group, the revitalised printing operation under new ownership, has bought a New Zealand labels unit from the receivers of ailing rival Geon Group. More >>

Snakk Media almost doubles on NZAX listing debut

Wednesday, 6 March 2013, 12:01 pm | BusinessDesk

March 6 (BusinessDesk) - Snakk Media, the latest brainchild of Hyperfactory co-founder Derek Handley, almost doubled its share price upon listing on the stock exchange's small-cap NZAX bourse, and signalled plans for a share purchase plan in the second ... More >>

NZ building activity expands for 5th quarter in December

Wednesday, 6 March 2013, 11:34 am | BusinessDesk

March 6 (BusinessDesk) - New Zealand's building work grew for a fifth quarter in the final three months of 2012, though the pace of residential construction growth slowed in the period. More >>

NZX cash trading value jumps 58% in Feb from a year earlier

Wednesday, 6 March 2013, 10:47 am | BusinessDesk

March 6 (BusinessDesk) - The value of cash market trading on New Zealand's stock exchange jumped 58 percent in February from the same month a year earlier as low interest rates keep investors looking for better returns. More >>

Minister Guy extends North Island drought zone

Wednesday, 6 March 2013, 10:31 am | BusinessDesk

March 6 (BusinessDesk) - Primary Industries Minister Nathan Guy has extended the official drought areas across the North Island, meaning government support programmes can be rolled out to those areas. More >>

Blue Star snaps up Geon labels unit out of receivership

Wednesday, 6 March 2013, 10:26 am | BusinessDesk

March 6 (BusinessDesk) - Blue Star Group, the revitalised printing operation under new ownership, has bought a New Zealand labels unit from the receivers of ailing rival Geon Group. More >>

SMELLIE ON SME's: Still here? Well done!

Wednesday, 6 March 2013, 9:56 am | BusinessDesk

March 6 (BusinessDesk) - In my 52 and a bit years, I doubt there's been a scarier period for the world economy than the last five years. More >>

SkyCity shortlisted for Gold Coast mega-development

Wednesday, 6 March 2013, 9:45 am | BusinessDesk

March 6 (BusinessDesk) - Casino operator SkyCity Entertainment Group and construction firm Brookfield Multiplex are in the final running to develop a site on the Gold Coast in Australia, in what's been tipped as Queensland's biggest tourism infrastructure ... More >>

Mining lobby dismisses claims of power grab in RMA reforms

Wednesday, 6 March 2013, 9:30 am | BusinessDesk

March 6 (BusinessDesk) - The mining lobby group Straterra says the government is right to try and improve the operation of the Resource Management Act and dismisses environmental groups' claims of a Ministerial power grab as "rubbish." More >>

NZ dollar climbs above 83 US cts as dairy prices surge

Wednesday, 6 March 2013, 8:59 am | BusinessDesk

March 6 (BusinessDesk) - The New Zealand dollar rose above 83 US cents after dairy prices surged at Fonterra Cooperative Group's latest online auction, as drought threatens to engulf most of the North Island. More >>

While you were sleeping: Dow climbs to record

Wednesday, 6 March 2013, 7:45 am | BusinessDesk

March 6 (BusinessDesk) – The Dow Jones Industrial Average climbed to a record on optimism the US economy remains on track for a sustained recovery, while China showed it's determined to revive growth with plans for a record level of government spending. More >>