Scoop has an Ethical Paywall
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 1208]
NZ dollar climbs over 83 cts on business confidence
Thursday, 28 February 2013, 5:26 pm | BusinessDesk
NZ dollar climbs over 83 US cts on improving business confidence, less dour Australian capex outlook More >>
TVNZ half-year profit drops 26%, online revenues grow
Thursday, 28 February 2013, 5:21 pm | BusinessDesk
Feb. 28 (BusinessDesk) - State-owned broadcaster Television New Zealand's earnings after tax for the six months to Dec. 31 fell 26 percent to $14.2 million as advertising revenues fell and the network spent an extra $10.5 million buying programmes, including ... More >>
Chapman Tripp applauds RMA overhaul, Forest & Bird alarmed
Thursday, 28 February 2013, 4:47 pm | BusinessDesk
Feb. 28 (BusinessDesk) - The law firm that hosted Environment Minister Amy Adams's launch of a government discussion paper on reform to the Resource Management Act has praised the initiatives, saying they are not before time. More >>
S&P warns of risk NZ property market over-heating
Thursday, 28 February 2013, 4:27 pm | BusinessDesk
Feb. 28 (BusinessDesk) - New Zealand's banking system is at risk from property prices overheating if the country's exports stop being worth so much or the kiwi dollar falls out of bed, says the international credit rating agency, Standard & Poor's. More >>
FMA plans to beef up transparency on stock exchange
Thursday, 28 February 2013, 3:08 pm | BusinessDesk
Feb. 28 (BusinessDesk) - The Financial Markets Authority says improving levels of transparency on New Zealand's stock exchange is one of four major areas it will keep tabs on this year as the government's partial privatisation programme steps up a ... More >>
KiwiRail 1H operating earnings rise 7.6% on freight
Thursday, 28 February 2013, 2:49 pm | BusinessDesk
Feb. 28 (BusinessDesk) – KiwiRail, the state-owned railway company, posted a 7.6 percent gain in first half operating earnings as it benefited from a pickup in freight revenue and a continued drive to cut costs. More >>
NZ business confidence climbs to 19-month high, exports lag
Thursday, 28 February 2013, 2:08 pm | BusinessDesk
Feb. 28 (BusinessDesk) – New Zealand business confidence rose to a 19-month high this month, with gains in all five sectors tracked as companies become more bullish about investment, profits and hiring. More >>
NZOG in trading halt, Tunisian oil field announcement due
Thursday, 28 February 2013, 1:17 pm | BusinessDesk
Feb. 28 (BusinessDesk) - New Zealand Oil & Gas has asked to be placed in a trading halt for around four hours on both the New Zealand and Australian stock exchanges, pending "a material announcement regarding how NZOF progresses with a material ... More >>
ASX-listed MOD Resources raises A$2.5M in placement
Thursday, 28 February 2013, 1:13 pm | BusinessDesk
ASX-listed MOD Resources raises A$2.5M in placement to Hong Kong’s Meriton More >>
Fisher & Paykel offers 100 high skills jobs in NZ
Thursday, 28 February 2013, 12:33 pm | BusinessDesk
Feb. 28 (BusinessDesk) - Fisher & Paykel Appliances is to recruit 100 new, highly skilled staff over the next two years to boost the company's strengths product research and development as it deepens its relationship with its Chinese owner, global whiteware ... More >>
Commerce Commission working on interest rate swap probe
Thursday, 28 February 2013, 12:29 pm | BusinessDesk
Feb. 28 (BusinessDesk) – The Commerce Commission says it is still working on its investigation into whether interest rate swaps were misleadingly marketed after claims from farmers that they got locked into confusing contracts with excessive break fees. More >>
MIDDAY UPDATE: Resource consent process faces major overhaul
Thursday, 28 February 2013, 12:23 pm | BusinessDesk
Feb. 28 (BusinessDesk) - The country's law managing resource consents face a generational overhaul that would give the government a much bigger role in directing what local authorities can sign off on. More >>
Proposed RMA changes 'deeply troubling', EDS says
Thursday, 28 February 2013, 12:05 pm | BusinessDesk
Feb. 28 (BusinessDesk) - Many of the government's proposed changes to the Resource Management Act are "deeply troubling" because of the "radical shift of power to Ministers" and the introduction of new economic development objectives ... More >>
NZ building consents fall 0.4% in Jan on drop in apartments
Thursday, 28 February 2013, 11:22 am | BusinessDesk
Feb. 28 (BusinessDesk) – New Zealand home-building consents fell last month as a drop in approvals for apartments offset gains for other types of dwellings. Auckland and Canterbury continued to account for more than half of all consents. More >>
Tourism Holdings shares fall on earnings guidance cut
Thursday, 28 February 2013, 10:54 am | BusinessDesk
Feb. 28 (BusinessDesk) - Tourism Holdings, which merged its campervan rental business with two rivals last year, cut its annual earnings guidance on a deteriorating Australian market after posting a small first-half loss as expected. The shares fell 1.5 percent. More >>
Wellington Drive narrows FY loss after trimming costs
Thursday, 28 February 2013, 10:54 am | BusinessDesk
Feb. 28 (BusinessDesk) – Wellington Drive Technologies, which makes energy efficient motors, narrowed its full-year loss after embarking on a strategic overhaul that cut costs, spending and inventory and widened its margins. More >>
Vector to cut gas distribution prices by 18%
Thursday, 28 February 2013, 10:36 am | BusinessDesk
Feb. 28 (BusinessDesk) - Competition regulator the Commerce Commission has confirmed that gas distribution network owner Vector will have to cut its prices by 18 percent, and cut its wholesale gas transmission charges by 29.5 percent. More >>
Govt plans biggest environment law shake-up in a generation
Thursday, 28 February 2013, 10:07 am | BusinessDesk
Feb. 28 (BusinessDesk) - Environment Minister Amy Adams has unveiled proposals for the most sweeping amendments to environmental and resource management law in a generation, including a much greater role for central government to direct local government decision-making. More >>
Air NZ 1H profit soars on growth in international volumes
Thursday, 28 February 2013, 10:01 am | BusinessDesk
Feb. 28 (BusinessDesk) – Air New Zealand, which is 73 percent state-owned, posted first-half profit that more than doubled after lifting passenger volumes and boosting yields on international routes, while keeping costs in check. More >>
GPG investors to see cash once Coats is standing on its own
Thursday, 28 February 2013, 9:59 am | BusinessDesk
Feb. 28 (BusinessDesk) - Guinness Peat Group's shareholders will see a cash return once the investment firm has been rebranded into its biggest asset Coats, and the UK threadmaker is standing on its own two feet. More >>
