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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 1234]
Woolworths NZ boosts annual profit 29% on increased sales
Tuesday, 8 January 2013, 12:34 pm | BusinessDesk
Jan. 8 (BusinessDesk) - Woolworths New Zealand, which accounts for about 40 percent of the country's supermarket sales, boosted its annual profit 29 percent as it squeezed more out of increasing revenue. More >>
MIDDAY UPDATE: Meridian mulls exiting stake in Oz wind farm
Tuesday, 8 January 2013, 12:07 pm | BusinessDesk
Jan. 8 (BusinessDesk) - State-owned power company Meridian Energy is looking at selling its half-share in a A$1 billion wind farm across the Tasman. More >>
Brookfield Multiplex quits NZ citing lack of projects
Tuesday, 8 January 2013, 11:36 am | BusinessDesk
Jan. 8 (BusinessDesk) – Brookfield Multiplex, the Australian firm whose New Zealand developments included the Sylvia Park Shopping Centre and the Pegasus Town development, says a lack of new projects in a tough market drove the decision to liquidate its ... More >>
Meridian mulls quitting stake in Australian wind farm
Tuesday, 8 January 2013, 11:28 am | BusinessDesk
Jan 8 (BusinessDesk) - Meridian Energy is considering the sale of its 50 percent stake in the A$1 billion Macarthur wind farm in the Australian state of Victoria to book gains made available by the global drop in interest rates. More >>
Auckland house sales climb in December, new listings drop
Tuesday, 8 January 2013, 10:45 am | BusinessDesk
Jan. 8 (BusinessDesk) – The property market in Auckland continued its recent trend in December, with a jump in home sales and a drop in new listings, Barfoot & Thompson says. More >>
Qantas ring-fences $10.3M for potential penalty in IRD case
Tuesday, 8 January 2013, 9:53 am | BusinessDesk
Jan. 8 (BusinessDesk) - Qantas Airways, Australia's dominant airline, has ring-fenced $10.3 million of tax losses to cover any penalties in its disputed tax case with the Inland Revenue Department over interest deductions claimed on convertible notes. More >>
NZ dollar gains on safe-haven buying as US stocks fall
Tuesday, 8 January 2013, 8:54 am | BusinessDesk
Jan. 8 (BusinessDesk) – The New Zealand dollar rose against the greenback, even as US stocks fell, in what may be a run of safe-haven buying that’s also lifted the Australian dollar. More >>
While you were sleeping: Caution ahead of earnings
Tuesday, 8 January 2013, 7:44 am | BusinessDesk
Jan 8 (BusinessDesk) – Wall Street retreated, pushing the Standard & Poor's 500 Index from its five-year high, as investors gear up for the fourth-quarter earnings season. More >>
SMELLIE ON SME's: annual accounts are changing
Monday, 7 January 2013, 6:08 pm | BusinessDesk
Jan. 7 (BusinessDesk) - Happy New Year business owners. Hopefully those of you who don't make your greatest sales through the summer holiday period have had a chance for a rest and to reflect on the year ahead. More >>
MARKET CLOSE: NZ shares rise, Ryman at record, Metlife gains
Monday, 7 January 2013, 5:37 pm | BusinessDesk
Jan. 7 (BusinessDesk) – New Zealand shares rose, pushing the NZX 50 Index to a new five-year high as investors cheered Ryman Healthcare’s performance by pushing the retirement village operator to a record close. Rival Metlifecare also advanced. More >>
NZ dollar may extend drop vs. AUD as iron ore rallies
Monday, 7 January 2013, 5:19 pm | BusinessDesk
NZ dollar may extend drop vs. Australian dollar as iron ore prices gain, China recovers More >>
NZ Dollar Outlook: Kiwi may gain on positive risk sentiment
Monday, 7 January 2013, 12:15 pm | BusinessDesk
Jan. 7 (BusinessDesk) – The New Zealand dollar may gain this week as rising equity markets and the power of Chinese demand to lift commodity prices help underpin positive risk sentiment Down Under. More >>
MIDDAY UPDATE: NZ share trading jumps in December
Monday, 7 January 2013, 12:08 pm | BusinessDesk
Jan. 7 (BusinessDesk) - Trading on New Zealand's share market jumped 24 percent last month in the stock exchange's best year since 2004. More >>
Pipe down on listed companies' affairs, Cabinet Office says
Monday, 7 January 2013, 11:18 am | BusinessDesk
Jan. 7 (BusinessDesk) - New Zealand's ministers and officials have been given a new set of rules outlining how they can talk about listed companies as the government gets ready to kick off its partial privatisation programme this year. More >>
NZ cash market trading jumps 24% in Dec as stock sales surge
Monday, 7 January 2013, 10:16 am | BusinessDesk
Jan. 7 (BusinessDesk) – Trading on the NZX’s cash markets jumped by a quarter in December, led by a surge in turnover of stocks as the NZX 50 Index rounded out its best year since 2004. More >>
NZ dollar little changed as US debt ceiling eyed
Monday, 7 January 2013, 8:52 am | BusinessDesk
Jan. 7 (BusinessDesk) – The New Zealand dollar was little changed above 83 US cents as the US debt ceiling remains in focus and with little local data to drive the currency forward. More >>
World Week Ahead: Eyes on US earnings, debt ceiling
Monday, 7 January 2013, 6:56 am | BusinessDesk
Jan. 7 (BusinessDesk) – The start of the fourth-quarter earnings season will help determine whether the mood on Wall Street can remain as buoyant in the coming days as it began 2013. More >>
MARKET CLOSE: NZ shares fall from near 5-year high; TEL dips
Friday, 4 January 2013, 5:51 pm | BusinessDesk
Jan. 4 (BusinessDesk) – New Zealand shares fell, as a rally that has pushed the NZX 50 Index to near a five-year high, faltered on concern the gains have left some equities fully valued. Telecom paced the decline and Xero dipped. More >>
NZ dollar extends decline as Fed minutes hint at end to QE
Friday, 4 January 2013, 5:20 pm | BusinessDesk
NZ dollar extends decline as Fed minutes hint at quantitative easing exit; US jobs data looms More >>
Beekeepers eschew kiwifruit orchards as sprays create hazard
Friday, 4 January 2013, 5:06 pm | BusinessDesk
Jan. 4 (BusinessDesk) – Some beekeepers have pulled their hives out of kiwifruit orchards, concerned that sprays used to control the Psa vine-wilting bacteria are the latest hazard for an under-siege bee population. More >>
