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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 1206]
NZ Dollar Outlook: Kiwi may fall as risk appetite fades
Monday, 4 March 2013, 4:43 pm | BusinessDesk
March 4 (BusinessDesk) – The New Zealand dollar may fall in a week that will be punctuated by central bank meetings, Australian data and US non-farm payrolls, and as risk appetite abates. More >>
Govt plans $1.1M 3-week advertising blitz for MRP sell-down
Monday, 4 March 2013, 4:26 pm | BusinessDesk
March 4 (BusinessDesk) - The next three weeks will see the government mount a $1.1 million mass market television, newspaper and internet campaign to entice New Zealanders to invest in the 49 percent of state-owned electricity company, MightyRiverPower, ... More >>
Lombard four begin push to reclaim reputations
Monday, 4 March 2013, 3:22 pm | BusinessDesk
March 4 (BusinessDesk) – Former Lombard Finance directors Sir Doug Graham, Bill Jeffries, Lawrie Bryant and Michael Reeves began their attempt to reclaim their reputations in the Court of Appeal, saying they couldn’t have foreseen the ‘perfect storm’ ... More >>
MightyRiverPower sale seen up to 90% taken up by kiwis
Monday, 4 March 2013, 2:48 pm | BusinessDesk
March 4 (BusinessDesk) – MightRiverPower will have a secondary listing on the ASX although 85 percent to 95 percent of the stock sold is expected to be taken up by kiwis, Prime Minister John Key says. More >>
NZ commodity prices rise for 7th month, led by butter
Monday, 4 March 2013, 1:44 pm | BusinessDesk
NZ commodity prices rise for 7th month, led by butter, flat in kiwi dollar terms More >>
Allied Farmers tries to cobble together loan repayment
Monday, 4 March 2013, 12:50 pm | BusinessDesk
March 4 (BusinessDesk) - Allied Farmers, which reported a further $4.1 million writedown on its ex-Hanover Finance assets last week, is trying to cobble together a loan repayment by the end of the day in a bid to stave off a potential liquidation. More >>
UPDATE: Murdoch's News Ltd to sell Sky TV stake for $815.3M
Monday, 4 March 2013, 12:47 pm | BusinessDesk
UPDATE: Murdoch's News Ltd to sell Sky TV stake for $815.3M in discounted placement More >>
MIDDAY UPDATE: Murdoch's News Corp sells Sky TV stake
Monday, 4 March 2013, 12:22 pm | BusinessDesk
March 4 (BusinessDesk) - Global media magnate Rupert Murdoch's News Corp is selling its 44 percent stake in local pay-TV operator Sky Network Television in what's believed to be a discounted offer. More >>
CORRECT: Hotchin, Watson settle with NZSA
Monday, 4 March 2013, 11:36 am | BusinessDesk
March 4 (BusinessDesk) – Former Hanover Finance shareholders Mark Hotchin and Eric Watson have settled their defamation suit against the New Zealand Shareholders Association and continue to pursue its former chairman Bruce Sheppard. More >>
Fonterra to go ahead with Dutch cheese factory partnership
Monday, 4 March 2013, 9:37 am | BusinessDesk
March 4 (BusinessDesk) - Fonterra Cooperative Group, the world's biggest dairy exporter, is going ahead with a plan to build a cheese plant and dairy ingredient factory in the north of the Netherlands with Dutch dairy firm A-ware Food Group. More >>
Hotchin, Watson settle with NZSA, continue to chase Sheppard
Monday, 4 March 2013, 9:35 am | BusinessDesk
March 4 (BusinessDesk) – Former Hanover Finance directors Mark Hotchin and Eric Watson have settled their defamation suit against the New Zealand Shareholders Association and continue to pursue its former chairman Bruce Sheppard. More >>
Warehouse buys Torpedo7 for up to $33M
Monday, 4 March 2013, 9:34 am | BusinessDesk
March 4 (BusinessDesk) - Warehouse Group, which reports its first-half profit this week, will spend up to $33 million buying online retailer Torpedo7, just months after buying consumer electronics chain Noel Leeming Group. More >>
Murdoch's News Ltd to exit Sky TV stake
Monday, 4 March 2013, 9:13 am | BusinessDesk
Murdoch's News Ltd to exit Sky TV stake in sale reported to be at discount More >>
NZ dollar falls as risk appetite dims, greenback advances
Monday, 4 March 2013, 9:12 am | BusinessDesk
March 4 (BusinessDesk) – The New Zealand dollar fell as Italy’s political impasses and the start of spending cuts in the US sapped risk appetite and drove up demand for the greenback. More >>
Diligent promises more diligence; FY profit triples
Monday, 4 March 2013, 8:42 am | BusinessDesk
March 4 (BusinessDesk) - Diligent Board Member Services, whose software helps directors to manage corporate governance information flows, is promising better board oversight after a review found an embarrassing oversight meaning executives got more options ... More >>
World Week Ahead: Relentless headwinds
Monday, 4 March 2013, 7:57 am | BusinessDesk
March 4 (BusinessDesk) – Investors will eye February's jobs report on Friday for fresh signs that the US economic recovery remains on track despite a range of headwinds – including the budget-cut debate in Washington and the political impasse in Rome. More >>
Pyne Gould returns to 1H profit, sees full-year earnings
Friday, 1 March 2013, 6:03 pm | BusinessDesk
March 1 (BusinessDesk) – Pyne Gould Corp, the asset management company controlled and managed by George Kerr, reported a return to first-half earnings and forecast a full-year profit, reflecting year-earlier charges that won’t be repeated in the ... More >>
Liquidators appointed to Mainzeal group
Friday, 1 March 2013, 5:59 pm | BusinessDesk
March 1 (BusinessDesk) - Liquidators have been appointed to the commercial construction sector player Mainzeal Group, less than a month after one of its primary trading arms, Mainzeal Property and Construction, was placed in receivership. More >>
RKET CLOSE NZ shares slip as China PMI tempers optimism
Friday, 1 March 2013, 5:36 pm | BusinessDesk
March 1 (BusinessDesk) – New Zealand shares fell, easing the NZX 50 Index from a 5-year high, as a key measure of China’s manufacturing missed estimates and the local market subsided after a month-end flurry. Fletcher Building and Telecom fell. More >>
NZ dollar heads for 1.2% weekly fall; weak China PMI weighs
Friday, 1 March 2013, 5:22 pm | BusinessDesk
NZ dollar heads for 1.2% weekly fall as weak Chinese PMI adds to souring mood More >>
