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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 1230]

Turners Auctions upgrades earnings outlook ahead of result

Thursday, 17 January 2013, 2:05 pm | BusinessDesk

Jan. 17 (BusinessDesk) -Turners Auctions has published a profit upgrade ahead of its annual result release on February 13. More >>

MIDDAY UPDATE: Wynyard Group split from Jade

Thursday, 17 January 2013, 1:23 pm | BusinessDesk

Jan 17 (BusinessDesk) - Christchurch software developer Jade Corp is splitting its fast-growing intelligence-gathering software arm, Wynyard Group, off as a separate entity, with Wynyard likely to be considering options for new capital to support ... More >>

Media boss, Tim Pankhurst, goes fishing

Thursday, 17 January 2013, 1:05 pm | BusinessDesk

Jan. 17 (BusinessDesk) - Former newspaper editor Tim Pankhurst will take up the role of chief executive of Seafood New Zealand from April. More >>

Dairy product prices up 1.1 percent in GDT auction

Thursday, 17 January 2013, 8:56 am | BusinessDesk

Jan. 17 (BusinessDesk) - Prices of dairy products rose in Fonterra's latest GlobalDairyTrade auction, the third straight increase since a drop in early December, led by whole milk powder and anhydrous milk fat. More >>

NZ dollar holds in recent range ahead of Australian data

Thursday, 17 January 2013, 8:55 am | BusinessDesk

Jan 17 (BusinessDesk) - The New Zealand dollar was trading near 84 US cents on Thursday morning after dipping in overnight trading as traders awaited Australian employment data today. More >>

While you were sleeping: Growth worry caps Wall Street

Thursday, 17 January 2013, 7:49 am | BusinessDesk

Jan 17 (BusinessDesk) – Wall Street was mixed as concern about the outlook for the global economy offset solid earnings including by Goldman Sachs. More >>

MARKET CLOSE Trade Me, Fonterra rise ahead of index changes

Wednesday, 16 January 2013, 6:12 pm | BusinessDesk

Jan 16 (BusinessDesk) - The steam came out of the NZX 50 Index, although investors continued to favour Fonterra tradable units and Trade Me, owing to index changes taking place next Monday. More >>

NZ Dollar mixed after being clobbered in London

Wednesday, 16 January 2013, 5:25 pm | BusinessDesk

Jan 16 (BusinessDesk) - Jan 16 (BusinessDesk) - The New Zealand dollar was little changed on Wednesday after being clobbered overnight in London trading. The kiwi was at 84.06 US cents at 5pm, from 83.93 US cents at 8am and 83.94 cents at 5.25pm ... More >>

L and M offer passes 90 percent hurdle

Wednesday, 16 January 2013, 5:23 pm | BusinessDesk

Jan. 16 (BusinessDesk) - The offer for L&M Energy from its chairman and creditor Geoff Loudon is now unconditional, having been accepted by more than 90 percent of shareholders, allowing compulsory acquisition of remaining shares. More >>

MIDDAY UPDATE: Billionaire Chinese investor keen on NZ

Wednesday, 16 January 2013, 12:08 pm | BusinessDesk

Jan. 16 (BusinessDesk) - Billionaire Li Ka-shing's Cheung Kong Infrastructure Holdings (CKI) is describing New Zealand as a core investment destination after it beefed up its presence with $501 million purchase of EnviroWaste. More >>

Property developer pleads guilty to SFO charges

Wednesday, 16 January 2013, 11:37 am | BusinessDesk

Jan. 16 (BusinessDesk) - Property developer Glenn William Cooper, 39, has been remanded on bail for sentencing on March 8 after a Serious Fraud Office investigation into his dealings with a family with whom he built a relationship. More >>

Envirowaste's HK buyer keen on more New Zealand assets

Wednesday, 16 January 2013, 11:05 am | BusinessDesk

NZ dollar unsettled by sell-off in London

Wednesday, 16 January 2013, 11:03 am | BusinessDesk

Jan 16 (BusinessDesk) - The New Zealand dollar was under pressure in early trading after being sold-off overnight in London. More >>

While you were sleeping: Jitters over US debt ceiling

Wednesday, 16 January 2013, 7:35 am | BusinessDesk

Jan 16 (BusinessDesk) – Wall Street was mixed as concerns about the US debt ceiling, and the potential impact on the economy, moved to the fore. More >>

MARKET CLOSE NZ stocks continue upward New Year march

Tuesday, 15 January 2013, 5:59 pm | BusinessDesk

Jan 15 (BusinessDesk) - New Zealand shares rose today, with strong gains among stocks exposed to the Auckland economy and more strong sales figures from software-as-a-service firm Diligent Board Services, which pushed its share price to new highs. More >>

NZ dollar rises on indications of recovery without price pre

Tuesday, 15 January 2013, 5:57 pm | BusinessDesk

Jan 15 (BusinessDesk) - The New Zealand dollar rose on indications that the economy is finally gaining momentum without setting off inflation and after US Federal Reserve chairman Ben Bernanke indicated quantitative easing to stimulate the US economy would ... More >>

US company, Apache, pulls out of East Coast oil hunt

Tuesday, 15 January 2013, 4:01 pm | BusinessDesk

Jan 15 (BusinessDesk) - The government's drive for new investment in oil and gas development in New Zealand has suffered another blow with the departure of Texan mid-sized player Apache Corp from a joint venture with Canadian TAG Oil. The pair ... More >>