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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 1231]
EnviroWaste sold to Hong Kong’s CKI for half a billion
Tuesday, 15 January 2013, 12:08 pm | BusinessDesk
Jan. 15 (BusinessDesk) - Waste management company EnviroWaste has been sold in a half billion dollar deal. More >>
Toll anticipates $19M for tax avoidance penalties
Tuesday, 15 January 2013, 11:35 am | BusinessDesk
Jan 15 (BusinessDesk) - Toll Holdings has revealed a possible cost of $19 million from its battle with the Inland Revenue Department over the use of optional convertible notes to shuffle trans-Tasman income. More >>
Diligent shares rise on news of strong revenue growth
Tuesday, 15 January 2013, 11:25 am | BusinessDesk
Jan. 15 (BusinessDesk) - The share price of Diligent Board Member Services rose as much as 2 percent after the provider of software for company directors posted record sales in 2012. More >>
NZ economy took off in Dec quarter, survey indicates
Tuesday, 15 January 2013, 10:33 am | BusinessDesk
Jan. 15, (BusinessDesk) - New Zealand's economy surged in the December quarter to the best level since mid-2007, according to the Quarterly Survey of Business Opinion, which shows firms are more optimistic and output is increasing across the board. More >>
NZ dollar firms ahead of data, US policy speech
Tuesday, 15 January 2013, 8:28 am | BusinessDesk
NZ dollar firms ahead of data, US policy speech Jan 15 (BusinessDesk) - The New Zealand dollar was testing 84 US cents in early trading after having a strong session overnight as the US dollar weakened. The kiwi was at 83.94 US cents at 8am, up from ... More >>
Employers to sweat existing staff before hiring in 2013
Tuesday, 15 January 2013, 7:52 am | BusinessDesk
Jan 14 (BusinessDesk) - Employers will demand greater productivity from their existing staff this year before they make fresh hires, according to the latest Employment Trends report released by recruitment consultants Hudson. More >>
While you were sleeping: Apple turns sour
Tuesday, 15 January 2013, 7:42 am | BusinessDesk
Jan 15 (BusinessDesk) – Wall Street fell amid concern that stock market darling Apple is facing headwinds, fanning concern that other companies might struggle with demand for their products and services too. More >>
MARKET CLOSE NZX 50 up on continuing positive tone
Monday, 14 January 2013, 5:24 pm | BusinessDesk
Jan 14 (BusinessDesk) – New Zealand shares rose in relatively light trading, the positive tone led by high-yielding retailer Pumpkin Patch and the country’s largest construction company, Fletcher Building. More >>
NZ dollar consolidates after falling late last week
Monday, 14 January 2013, 5:23 pm | BusinessDesk
Jan 14 (BusinessDesk) - The New Zealand dollar nudged higher on Monday after falling late last week and a test of higher levels is in prospect this week if data is supportive. More >>
Trans-Pacific telecom cable prices cut again
Monday, 14 January 2013, 3:53 pm | BusinessDesk
Jan 14 (BusinessDesk) - The price of internet connection to the rest of the world is dropping again as New Zealand's only international cable owner, Southern Cross Cables, announces a 20 percent cut in its capacity prices. More >>
Blue Star looks forward from horror accounts
Monday, 14 January 2013, 3:07 pm | BusinessDesk
Jan 14 (BusinessDesk) – The former owners of Blue Star Group have swallowed a $173 million goodwill write-off and don’t look to be getting much from the sale of assets as the Australasian printing company is broken up. More >>
Conditions ripe for rental boom, says Trade Me
Monday, 14 January 2013, 1:45 pm | BusinessDesk
Jan 14 (BusinessDesk) - The supply of rental properties nationwide continues to outpace demand, Trade Me Property reported today in their analysis of 2012's final quarter. More >>
DOLLAR OUTLOOK: Upward bias likely again for NZ dollar
Monday, 14 January 2013, 1:22 pm | BusinessDesk
Jan. 14 (BusinessDesk) - The New Zealand dollar may gain this week as buyers return at lower levels while keeping a wary eye on commodity prices, business confidence and the US earnings season. More >>
SMELLIE ON SME's: Mobile technology great for scatterbrains
Monday, 14 January 2013, 1:07 pm | BusinessDesk
Jan. 14 (BusinessDesk) - It's a truism to say the Internet has changed the way we live. But sometimes you'll read something that shows just how true that is. More >>
MIDDAY UPDATE: Employment intentions weaker in many areas
Monday, 14 January 2013, 12:15 pm | BusinessDesk
Jan. 14 (BusinessDesk) - Hiring intentions have slipped in many parts of the country, apart from in Canterbury and Wellington, according to Westpac McDermott-Miller's employment confidence survey, taken last month. More >>
Shoppers spend more on electronic cards in December
Monday, 14 January 2013, 11:49 am | BusinessDesk
Jan 14 (BusinessDesk) - Christmas shoppers used plastic cards to spend up on pretty much everything except fuel, according to Statistics New Zealand. More >>
NZOG's first well outside NZ to spud in late Jan
Monday, 14 January 2013, 11:01 am | BusinessDesk
Jan 14 (BusinessDesk) - New Zealand Oil & Gas's pursuit of a more diversified global portfolio will take an important step with the spudding of the Parit Minyak-2 well onshore in Sumatra, Indonesia in a little under a fortnight. More >>
Canterbury stars in employment confidence survey
Monday, 14 January 2013, 10:56 am | BusinessDesk
Jan 14 (BusinessDesk) – Canterbury stands out in the latest Westpac McDermott Miller employment confidence survey, in which confidence overall stalled. More >>
Hubbard misled investors, says suppressed 2011 report
Monday, 14 January 2013, 9:21 am | BusinessDesk
Jan. 11 (BusinessDesk) - Former National Bank chairman John Anderson concluded Timaru businessman Allan Hubbard had misled investors in his tangled affairs, in a report written shortly before Hubbard's death in a car accident in September 2011. More >>
NZ dollar tests lows at the start of the week
Monday, 14 January 2013, 8:55 am | BusinessDesk
Wellington, Jan 14 (BusinessDesk) - The New Zealand dollar is testing support levels at the start of the week after profit-taking from higher levels shunted it lower on Friday. More >>
