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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 1244]
While you were sleeping: China signals rebound
Tuesday, 11 December 2012, 7:39 am | BusinessDesk
Dec 11 (BusinessDesk) – Wall Street moved higher amid promising data on China's economy, fuelling hopes that the world's second-largest economy is gathering steam again. More >>
MARKET CLOSE: NZ shares fall; Chorus, Contact drop
Monday, 10 December 2012, 5:47 pm | BusinessDesk
Dec. 10 (BusinessDesk) – New Zealand shares fell as some investors sold shares in one of the world’s best performing equity markets this year. Contact Energy and Chorus paced the decline. More >>
MONEY TALKS: Untangling Chorus's copper conundrum
Monday, 10 December 2012, 5:31 pm | BusinessDesk
(Fixes 15th par to show fibre companies don’t get a regulatory holiday on pricing) More >>
CORRECT: Fonterra raises 2013 farm-gate payment forecast
Monday, 10 December 2012, 5:23 pm | BusinessDesk
CORRECT Fonterra raises 2013 farm-gate payment forecast 25 cts to $5.50, sees more gains in global prices More >>
CORRECT: NZ dollar gains on Fonterra payout, Chinese data
Monday, 10 December 2012, 5:18 pm | BusinessDesk
Dec. 10 (BusinessDesk) - The New Zealand dollar gained after Fonterra Cooperative Group lifted its forecast payout to farmers next year on rising dairy prices, and after Chinese manufacturing figures on the weekend gave investors heart about the ... More >>
NZ dollar gains on Fonterra, Chinese manufacturing
Monday, 10 December 2012, 5:07 pm | BusinessDesk
Dec. 10 (BusinessDesk) - The New Zealand dollar gained after Fonterra Cooperative Group lifted its forecast payout to farmers next year on rising dairy prices, and after Chinese manufacturing figures on the weekend gave investors heart about the ... More >>
SMELLIE ON SME's: Independence vs collaboration
Monday, 10 December 2012, 3:16 pm | BusinessDesk
Dec. 10 (BusinessDesk) - The little Kiwi battler, taking on with David-like determination the Goliaths of the international markets and winning, is a compelling story we like to tell ourselves. More >>
Telecom aims at mobile roaming growth with flat rates
Monday, 10 December 2012, 2:45 pm | BusinessDesk
Dec. 10 (BusinessDesk) - Telecom Corp, which carved out its network unit last year to shed regulatory burdens, wants to boost usage of its mobile roaming services with a new flat fee structure for its post-paid customers. More >>
NZ Dollar Outlook: Kiwi may gain if Fed announces ‘QE3.5’
Monday, 10 December 2012, 12:36 pm | BusinessDesk
Dec. 10 (BusinessDesk) – The New Zealand dollar may gain this week though that would likely require further new measures from the US Federal Reserve and strategists are divided on whether it would take such a step without the fiscal cliff being resolved. More >>
MIDDAY UPDATE: Fonterra hikes expected payout to farmers
Monday, 10 December 2012, 12:29 pm | BusinessDesk
Dec. 10 (BusinessDesk) - Dairy giant Fonterra Cooperative Group has hiked its expected forecast payout to farmers for their milk as the price of dairy products rises, though that hasn't seeped into future gains for investors in the Shareholders' Fund. More >>
Fonterra raises 2013 farm-gate payment forecast 25 cts to $5
Monday, 10 December 2012, 12:18 pm | BusinessDesk
Dec. 10 (BusinessDesk) - Fonterra Cooperative Group, which raised $525 million through a unit trust for external investors last month, has hiked its forecast payment to farmers and expects to see more gains in global dairy prices next year. More >>
Warehouse buys Noel Leeming from Gresham for $65M
Monday, 10 December 2012, 9:11 am | BusinessDesk
Dec. 10 (BusinessDesk) - Warehouse Group, the country's biggest listed retailer, bought consumer electronics and appliance chain Noel Leeming Group for $65 million from Gresham Private Equity. More >>
Wellington old boys team takes majority stake in Shott
Monday, 10 December 2012, 9:05 am | BusinessDesk
Dec 9 (BusinessDesk) - A consortium of Wellington business brahmans, including former top executives at Brierley Investments, has taken a majority share in fast-growing syrups maker Shott Beverages, with the intention of expanding its production and ... More >>
NZ dollar holds above 83 US cents after US payrolls
Monday, 10 December 2012, 9:01 am | BusinessDesk
Dec. 10 (BusinessDesk) – The New Zealand dollar held above 83 US cents, having rallied in New York on Friday following figures showing the US economy added more jobs than expected and the jobless rate fell. Weaker US consumer sentiment capped ... More >>
World Week Ahead: Heading for a cliff
Monday, 10 December 2012, 6:34 am | BusinessDesk
By Margreet Dietz Dec. 10 (BusinessDesk) – As investors return to their screens in anticipation of the Federal Reserve’s final meeting of the year, time is running short on a budget deal in the US. On Friday, Wall Street received a boost from better-than-expected ... More >>
Goodman Fielder sells Champion milling to Nisshin Flour
Friday, 7 December 2012, 6:32 pm | BusinessDesk
Dec. 7 (BusinessDesk) - Goodman Fielder, the unprofitable food ingredients maker, has sold its New Zealand Champion milling to Japan's Nisshin Flour Milling for $51 million. More >>
MARKET CLOSE: NZ shares rise, edging back near 5-year high
Friday, 7 December 2012, 5:26 pm | BusinessDesk
Dec. 7 (BusinessDesk) – New Zealand shares rose, with the NZX 50 Index nearing its 5-year high, as investors took heart in progress with Christchurch’s rebuild and a hot Auckland property market in driving Fletcher Building to the highest in ... More >>
NZ dollar heads for 1.4% weekly gain; RBNZ won't cut rates
Friday, 7 December 2012, 5:08 pm | BusinessDesk
Dec. 7 (BusinessDesk) - The New Zealand dollar is headed for a 1.4 percent gain this week after Reserve Bank governor Graeme Wheeler quashed expectations for a rate cut, singling out the country's inflationary pressures as his number one bugbear. More >>
MONEY TALKS: Untangling Chorus's copper conundrum
Friday, 7 December 2012, 4:40 pm | BusinessDesk
Dec. 7 (BusinessDesk) - The telco sector's jumble of nonsensical acronyms and jargon-packed explanations puts most people to sleep. UFB, UCLL, UBA? More >>
Ka Mate haka iwi, Ngati Toa, wins $70.6M Treaty settlement
Friday, 7 December 2012, 4:10 pm | BusinessDesk
Dec. 7 (BusinessDesk) - The government has acknowledged Treaty of Waitangi breaches against the Ngati Toa iwi and agreed a settlement package of cash, land and rights of first refusal on Crown assets valued at $70.6 million. More >>
