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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 1225]
NZ dollar rises ahead of Thursday’s central bank statements
Wednesday, 30 January 2013, 6:10 pm | BusinessDesk
Jan. 30 (BusinessDesk) - The New Zealand dollar fell late in the day ahead of tomorrow's Reserve Bank of New Zealand (RBNZ) review of the official cash rate, current set at 2.5 percent. More >>
MARKET CLOSE January rally takes NZX50 to highest since 2007
Wednesday, 30 January 2013, 6:08 pm | BusinessDesk
Jan 30 (BusinessDesk) - New Zealand shares rallied again as a "whiff of recovery" emerges about the forthcoming earnings season, amid an accumulation of more promising news about the world economy. More >>
Departures, explanations and an update at Sanford AGM
Wednesday, 30 January 2013, 3:30 pm | BusinessDesk
Jan 30 (BusinessDesk) – Sanford has informed shareholders of the retirement of its managing director and an experienced board member, and explained how it has fixed things after copping a multi-million-dollar fine from a US court. More >>
Low-ball offer for PFI despite government regulation
Wednesday, 30 January 2013, 2:13 pm | BusinessDesk
Jan. 30 (BusinessDesk) - Property For Industry Ltd is urging shareholders to ignore a low-ball offer from a company stalking its register. More >>
MIDDAY UPDATE: Earnings season surprise as gloom lifts?
Wednesday, 30 January 2013, 12:25 pm | BusinessDesk
MIDDAY UPDATE: Earnings season surprise possible as gloom lifts Jan 30 (BusinessDesk) - The upcoming corporate earnings reporting season could surprise investors by showing stronger profits than expected after a long period of stagnation, says a portfolio ... More >>
NZ shares still have distance to climb, says Milford
Wednesday, 30 January 2013, 11:42 am | BusinessDesk
Jan 30 (BusinessDesk) - Fears the New Zealand sharemarket is becoming over-valued as it continues last year's run into the new year are over-stated, and the market is "far from frothy", says Milford Assets portfolio manager Mark Warminger. More >>
Guilty pleas entered by Capital + Merchant director
Wednesday, 30 January 2013, 11:40 am | BusinessDesk
Jan. 30 (BusinessDesk) – The Financial Markets Authority is welcoming guilty pleas today by Capital + Merchant Finance director, Owen Francis Tallentire. More >>
Guilty pleas entered by Capital + Merchant director
Wednesday, 30 January 2013, 11:40 am | BusinessDesk
Jan. 30 (BusinessDesk) – The Financial Markets Authority is welcoming guilty pleas today by Capital + Merchant Finance director, Owen Francis Tallentire. More >>
NZOG returns to interim dividends after more than a decade
Wednesday, 30 January 2013, 11:34 am | BusinessDesk
Jan 30 (BusinessDesk) - New Zealand Oil & Gas says its war-chest is full enough and its cashflows steady enough to return to paying interim dividends for the first time in perhaps 15 years, but there's no prospect of an increase on the current annual ... More >>
Apartments, including granny flats, drive building consents
Wednesday, 30 January 2013, 11:22 am | BusinessDesk
Jan. 30 (BusinessDesk) – Consents for 127 retirement village units is one feature of strong building consents data for December. More >>
Fewer horses sold at Karaka but clearance rate up
Wednesday, 30 January 2013, 10:35 am | BusinessDesk
Jan. 30 (BusinessDesk) - New Zealand Bloodstock’s 2013 premier sale wrapped up at Karaka on Tuesday with 323 of the 441 lots sold. More >>
Lower rates favoured more than higher by shadow board
Wednesday, 30 January 2013, 8:49 am | BusinessDesk
Jan 30 (BusinessDesk) – The members of a “shadow board” looking over the shoulder of Reserve Bank of New Zealand governor Graeme Wheeler are more in favour of a cut in the official cash rate than a rise. More >>
NZ dollar rises amid stronger US stocks and Europe economy
Wednesday, 30 January 2013, 8:39 am | BusinessDesk
Jan. 30 (BusinessDesk) – The New Zealand dollar is firm, reflecting indications of improving European economies and the expectation that central banks in New Zealand and the United States will keep policy easy this week. More >>
While you were sleeping: Pfizer, Eli Lilly lift mood
Wednesday, 30 January 2013, 7:37 am | BusinessDesk
Jan 30 (BusinessDesk) – Better-than-expected profit outlooks from drug makers Pfizer and Eli Lilly bolstered Wall Street, while a rise in US home prices also underpinned optimism that the economic recovery is kicking into gear. More >>
MARKET CLOSE NZ shares fall from five year NZX50 high
Tuesday, 29 January 2013, 6:32 pm | BusinessDesk
Jan 29 (BusinessDesk) - New Zealand shares fell slightly after briefly hitting a five year high yesterday, with some analysts claiming there's case for New Zealand equities to go higher if the forthcoming earnings season surprises with stronger ... More >>
NZ dollar recovers from overnight weakness
Tuesday, 29 January 2013, 5:25 pm | BusinessDesk
Jan. 29 (BusinessDesk) - The New Zealand dollar rose on Tuesday following a better-than-expected merchandise trade report but the main game this week remains central bank policy decisions. More >>
Building law changes should hasten dispute resolution
Tuesday, 29 January 2013, 3:48 pm | BusinessDesk
Jan 29 (BusinessDesk) - Changes to the Construction Contracts Act have been introduced in Parliament to expand the scope of accelerated dispute resolution processes. More >>
Record December trade surplus, despite exports falling
Tuesday, 29 January 2013, 11:38 am | BusinessDesk
Jan. 29 (BusinessDesk) - New Zealand recorded its biggest December month trade surplus since 1991 as imports, particularly of aircraft, fell more sharply than exports. More >>
Fletcher Building capital notes rollover at 5.4% from 8.9%
Tuesday, 29 January 2013, 11:00 am | BusinessDesk
Fletcher Building capital notes rollover at 5.4 percent from 8.9 percent Jan 29 (BusinessDesk) - The impact of low global interest rates on corporate funding needs is well demonstrated in the announcement by Fletcher Building of the rollover terms ... More >>
NZ Post wants guaranteed deliveries just three days a week
Tuesday, 29 January 2013, 9:50 am | BusinessDesk
Jan. 29 (BusinessDesk) –New Zealand Post wants to drop its guaranteed mail deliveries from six days a week to three to deal with failing mail volumes and the unprofitability of the postal service. More >>
