Scoop has an Ethical Paywall
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 1238]
Chinese edge out Brits as NZ's second-biggest visitor pool
Friday, 21 December 2012, 11:24 am | BusinessDesk
Dec. 21 (BusinessDesk) - A 38 percent jump in the annual number of Chinese touching down in New Zealand has seen the world's most populous nation topple the UK as NZ's second-biggest pool for visitors, though still well behind Australia. More >>
NZ dollar slips as fiscal cliff talks grind slower
Friday, 21 December 2012, 9:00 am | BusinessDesk
Dec. 21 (BusinessDesk) – The New Zealand dollar fell amid concern time is running out for politicians in Washington to avert the fiscal cliff and help prevent the world’s biggest economy falling into recession. More >>
While you were sleeping: Budget talks turn frosty
Friday, 21 December 2012, 7:41 am | BusinessDesk
Dec 21 (BusinessDesk) – Momentum stalled on Wall Street as did budget talks between Democrats and Republicans aimed at preventing the US from falling over a fiscal cliff at the end of the month. More >>
Appeal court upholds judgment for Capital + Merchant trio
Thursday, 20 December 2012, 5:49 pm | BusinessDesk
Dec. 20 (BusinessDesk) - The Court of Appeal has upheld the guilty convictions and jail terms for Capital + Merchant Finance directors Owen Tallentire, Neal Nicholls and Wayne Douglas. More >>
MARKET CLOSE: NZ shares extend rally; Mainfreight, DIL rise
Thursday, 20 December 2012, 5:28 pm | BusinessDesk
Dec. 20 (BusinessDesk) – New Zealand shares rose to a new five-year high, as foreign investors were drawn to the nation’s relatively attractive returns and cheered the expansion plans of companies such as SkyCity Entertainment Group. Mainfreight ... More >>
NZ dollar falls as economic growth misses estimates
Thursday, 20 December 2012, 5:19 pm | BusinessDesk
Dec. 20 (BusinessDesk) - The New Zealand dollar fell after figures showed the economy grew less than expected in the third quarter, while US policymakers appear bogged near the finish line on talks to avert US$600 billion of automatic tax hikes and ... More >>
Smiths City posts 2.6% gain in 1H profit amid tough trading
Thursday, 20 December 2012, 3:31 pm | BusinessDesk
Dec. 20 (BusinessDesk) – Smiths City Group, the Christchurch-based department store operator, posted a 2.6 percent gain in first-half profit saying retail conditions are difficult, especially for consumer electronics. More >>
Veritas buys Mad Butcher business for $40 mln
Thursday, 20 December 2012, 2:49 pm | BusinessDesk
Dec. 20 (BusinessDesk) - Veritas Investments, the shell company listed on the NZX after Salvus Strategic Investments was wound up, has agreed to buy the Mad Butcher franchisor business in a $40 million cash and scrip deal, and will seek more funding ... More >>
NZ business confidence slips in December
Thursday, 20 December 2012, 1:33 pm | BusinessDesk
Dec. 20 (BusinessDesk) - New Zealand business confidence fell this month, while holding at reasonably upbeat levels, continuing a monthly see-saw in the sentiment in an economy that’s only recording tepid growth. More >>
Meridian sells Energy for Industry to Pioneer Generation
Thursday, 20 December 2012, 12:40 pm | BusinessDesk
Dec. 20 (BusinessDesk) – State-owned Meridian Energy sold its Energy for Industry subsidiary to Central Otago-based Pioneer Generation in a transaction worth more than $50 million. More >>
MIDDAY UPDATE: NZ construction keeps economy ticking over
Thursday, 20 December 2012, 12:24 pm | BusinessDesk
Dec. 20 (BusinessDesk) - Increasing activity in New Zealand's construction sector underpinned economic growth in the September quarter with the Canterbury rebuild and bubbling Auckland property market among the few signs of life in the period. More >>
Rakon cuts FY guidance on delayed sales, thinner margins
Thursday, 20 December 2012, 12:22 pm | BusinessDesk
Dec. 20 (BusinessDesk) – Rakon, which makes crystal oscillators used in mobile phones and navigation systems, cut its full-year earnings guidance because of sales delays and thinner margins. More >>
CORRECT: NZ growth to hang on construction sector in 2013
Thursday, 20 December 2012, 12:20 pm | BusinessDesk
Dec. 20 (BusinessDesk) - New Zealand's economic recovery will increasingly lean on the reconstruction effort in Canterbury and a bubbling Auckland property market next year as figures show growth slowed through the middle of this year. More >>
UPDATE: NZ growth to hang on construction sector in 2013
Thursday, 20 December 2012, 12:01 pm | BusinessDesk
Dec. 20 (BusinessDesk) - New Zealand's economic recovery will increasingly lean on the reconstruction effort in Canterbury and a bubbling Auckland property market next year as figures show growth slowed through the middle of this year. More >>
Sam Morgan trims holding in Xero to below 5%
Thursday, 20 December 2012, 11:59 am | BusinessDesk
Dec. 20 (BusinessDesk) – Sam Morgan, who made his fortune when Trade Me was sold to Fairfax Media, has trimmed his holding in Xero, taking advantage of a share price that has soared by 179 percent this year. More >>
NZ GDP grows 0.2% in 3Q as construction picks up; kiwi drops
Thursday, 20 December 2012, 10:53 am | BusinessDesk
Dec. 20 (BusinessDesk) - The New Zealand economy grew at a slower pace than expected in the September quarter as increased building activity provided a buffer from deteriorating mining, agricultural and manufacturing sectors. The kiwi dollar fell on the report. More >>
Ron Brierley still selling out of GPG, rated 'outperform'
Thursday, 20 December 2012, 9:18 am | BusinessDesk
Dec. 20 (BusinessDesk) - Guinness Peat Group founder Ron Brierley has sold another 5 million tranche of shares in the investment firm, even as it's rated an average 'outperform' by analysts. More >>
SkyCity sees blue skies in Queenstown, quits Christchurch
Thursday, 20 December 2012, 8:55 am | BusinessDesk
Dec. 20 (BusinessDesk) - SkyCity Entertainment Group, which operates hotels and casinos across Australia and New Zealand, has sold its half-share of Christchurch casino and taken full ownership of Queenstown's gaming centre. More >>
NZ dollar falls ahead of GDP as global risk sentiment wanes
Thursday, 20 December 2012, 8:49 am | BusinessDesk
Dec. 20 (BusinessDesk) – The New Zealand dollar fell as global risk sentiment abated and ahead of figures expected to show the economy slowed in the third quarter. More >>
While you were sleeping: US budget posturing
Thursday, 20 December 2012, 7:44 am | BusinessDesk
Dec 20 (BusinessDesk) – Wall Street sentiment was mixed as Democrats and Republicans each flexed their muscles, both resisting giving in further to the other side's demands as the year-end deadline to avoid the fiscal cliff approaches rapidly. More >>
