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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 1221]
GPG nets A$48.4M in sale of ASX-listed Capral, AV Jennings
Friday, 8 February 2013, 9:03 am | BusinessDesk
Feb. 8 (BusinessDesk) - Guinness Peat Group, the investment firm winding itself down, netted A$48.4 million from the exit of two Australian investments this week. More >>
NZ dollar extends slide on weak jobs data, gains vs. euro
Friday, 8 February 2013, 9:00 am | BusinessDesk
Feb. 8 (BusinessDesk) – The New Zealand dollar extended its slide following yesterday’s weak employment data while gaining against a broadly weaker euro after the European Central Bank kept interest rates at a record low. More >>
While you were sleeping: ECB signals rate cut
Friday, 8 February 2013, 7:41 am | BusinessDesk
Feb 8 (BusinessDesk) – European Central Bank president Mario Draghi sent equities and the euro lower with comments that he's concerned about the recent strength of the region's common currency, signalling a potential rate cut. More >>
CORRECT: Xero adds 23k customers since September
Thursday, 7 February 2013, 8:02 pm | BusinessDesk
Feb. 7 (BusinessDesk) - Xero, the cloud-based accounting software firm, added more than 23,000 customers to its client list since September and says it's on track to double last year's $19.3 million in annual revenue. More >>
MARKET CLOSE: NZ shares fall in busy trading; Telecom drops
Thursday, 7 February 2013, 6:06 pm | BusinessDesk
Feb. 7 (BusinessDesk) – New Zealand shares fell in the busiest session so far this year, paced by Telecom amid concern the earnings season may not reveal results that warrant high stock valuations. SkyCity Entertainment rose. More >>
Xero adds 23k customers since December
Thursday, 7 February 2013, 6:05 pm | BusinessDesk
Feb. 7 (BusinessDesk) - Xero, the cloud-based accounting software firm, added more than 23,000 customers to its client list since December and says it's on track to double last year's $19.3 million in annual revenue. More >>
Foodstuffs' North Island cooperative to merge operations
Thursday, 7 February 2013, 6:01 pm | BusinessDesk
Feb. 7 (BusinessDesk) - Foodstuffs' Auckland and Wellington cooperatives are seeking to merge their operations in a bid to bring down costs in the face of growing competition. More >>
NZ dollar falls; drop in jobless masks weak labour market
Thursday, 7 February 2013, 5:15 pm | BusinessDesk
Feb. 7 (BusinessDesk) - The New Zealand fell after a fall in the headline unemployment rate masked underlying figures showing a weak labour market, and spooking investors who have been upbeat about the local economic recovery. More >>
Sacked IRD staffer gets 30 months for stealing $222,000
Thursday, 7 February 2013, 2:37 pm | BusinessDesk
Feb. 7 (BusinessDesk) - Falsely using confidential taxpayer information to steal $222,000 from the government while working at the tax department has cost former Inland Revenue Department staffer Anita Gail O'Connor a two years, five months prison ... More >>
CORRECT: GPG sells ASX-listed Capral stake for A$40.4M
Thursday, 7 February 2013, 2:36 pm | BusinessDesk
Feb. 7 (BusinessDesk) - Guinness Peat Group, the investment firm liquidating its portfolio, has sold out of ASX-listed aluminium fabrication group Capral for some A$40.4 million. More >>
GPG sells ASX-listed Capral stake for A$85.3M
Thursday, 7 February 2013, 1:10 pm | BusinessDesk
Feb. 7 (BusinessDesk) - Guinness Peat Group, the investment firm liquidating its portfolio, has sold out of ASX-listed aluminium fabrication group Capral for some A$85.3 million. More >>
MIDDAY UPDATE: As receivers huddle, hope for Mainzeal?
Thursday, 7 February 2013, 12:35 pm | BusinessDesk
Feb 7 (BusinessDesk) - Receivers for the collapsed Mainzeal Property and Construction were huddling this morning and declining further media comment, although some observers of the commercial construction company's fortunes believe it can be rescued. More >>
From The Farm: Felt in Hong Kong
Thursday, 7 February 2013, 12:19 pm | BusinessDesk
There’ve been some well-written columns on Fonterra Cooperative Group’s handling of the DCD scare. It is a pity that trace amounts of dicyandiamide residue were only there because fertiliser companies are looking for ways to limit the amount of nitrate ... More >>
Kiwi dollar falls as jobs report shows falling participation
Thursday, 7 February 2013, 12:12 pm | BusinessDesk
Feb. 7 (BusinessDesk) - New Zealand dollar shed half a cent against the greenback after a fall in the headline unemployment rate masked figures showing kiwis quit the workforce in droves and employment shrank in the final three months of 2012. More >>
CORRECT: NZ unemployment rate falls from 13-year high
Thursday, 7 February 2013, 11:47 am | BusinessDesk
CORRECT: NZ unemployment rate falls from 13-year high as kiwis give up looking for jobs More >>
Regulator sees little reason for power prices to rise
Thursday, 7 February 2013, 11:17 am | BusinessDesk
Feb. 7 (BusinessDesk) - The Electricity Authority sees few reasons for residential electricity tariffs to rise in the next 12 to 18 months, as increased transmission and distribution costs are offset by a glut of electricity generation capacity and ... More >>
NZ jobless rate falls to 6.9% as kiwis stop looking for work
Thursday, 7 February 2013, 10:52 am | BusinessDesk
NZ unemployment rate falls from 13-year high as kiwis give up looking for jobs More >>
FMA to pursue Strategic Finance directors
Thursday, 7 February 2013, 10:46 am | BusinessDesk
Feb. 7 (BusinessDesk) - The Financial Markets Authority is preparing to file civil actions against the six directors of the failed finance company, Strategic Finance, saying it's concluded they are "likely to have breached the Securities Act". More >>
NZ dollar slips before jobs data likely to show tepid growth
Thursday, 7 February 2013, 8:56 am | BusinessDesk
Feb. 7 (BusinessDesk) – The New Zealand dollar declined ahead of employment figures for the fourth quarter, which are expected to show tepid growth in jobs and a falling unemployment rate. More >>
Chorus GM in charge of UFB, RBI rollout resigns
Thursday, 7 February 2013, 8:55 am | BusinessDesk
Feb. 7 (BusinessDesk) - Chorus' executive in charge of building its tax-payer funded broadband programmes will leave the telecommunications network operator at the end April. More >>
