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 1249]
NZ dollar little changed vs. Oz dollar as rate reviews loom
Monday, 3 December 2012, 8:57 am | BusinessDesk
Dec. 3 (BusinessDesk) - The New Zealand dollar was little changed against the Australian dollar amid expectations the Reserve Bank of Australia will cut its benchmark interest rate this week while New Zealand’s central bank will keep rates unchanged, narrowing ... More >>
World Week Ahead: Fiscal, economic challenges
Monday, 3 December 2012, 6:50 am | BusinessDesk
By Margreet Dietz Dec. 3 (BusinessDesk) – The agonisingly slow rate of progress in talks to avoid the fiscal cliff in the US with now less than a month to reach an agreement will remain the key focus for investors this holiday season. Progress ... More >>
Wheeler to leave OCR unchanged as inflation stays benign
Monday, 3 December 2012, 6:45 am | BusinessDesk
Dec. 3 (BusinessDesk) – Reserve Bank governor Graeme Wheeler will probably keep the official cash rate unchanged at a record low this week because there’s little sign that renewed life in the housing market and Christchurch’s rebuild is stoking ... More >>
MONEY TALKS: Animal spirits alive and well in Fonterra float
Sunday, 2 December 2012, 6:18 pm | BusinessDesk
Nov. 30 (BusinessDesk) - I like a good piece of smelly cheese as much as the next well-heeled urbanite, but this initial flurry for Fonterra units has me stumped. More >>
MARKET CLOSE: Fonterra Fund produces historic stag - up 26%
Friday, 30 November 2012, 6:03 pm | BusinessDesk
Nov. 30 (BusinessDesk) - The historic listing of Fonterra units on the NZX caused mammoth volumes by New Zealand market standards and the biggest listing day stag that investors have seen for years. More >>
Shaun Coffey bows out as Callaghan Innovation replaces IRL
Friday, 30 November 2012, 5:41 pm | BusinessDesk
Nov. 30 (BusinessDesk) - The chief executive of Industrial Research Limited, the Crown Research Institute being folded into the new advanced technology institute, has announced his resignation after six and a half years spent restoring the once-ailing ... More >>
NZ dollar ends November where it started: MPS next week
Friday, 30 November 2012, 5:39 pm | BusinessDesk
Nov. 30 (BusinessDesk) - The New Zealand dollar is set to end the month virtually unchanged against the greenback as US politicians try to navigate away from the fiscal cliff and trans-Tasman central banks prepare to review monetary policy next week. More >>
Heartland sees flat profit in 2013, announces special divvy
Friday, 30 November 2012, 4:20 pm | BusinessDesk
Nov. 30 (BusinessDesk) - Heartland New Zealand, which expects to hear back on its banking licence application before Christmas, sees flat profit in the 2013 financial year, and has announced a pre-Christmas special dividend. More >>
CORRECTION US investors pour $82M into Xero
Friday, 30 November 2012, 4:00 pm | BusinessDesk
Nov. 30 (BusinessDesk) - Two American investors have increased their interest in cloud accounting software provider Xero by a total of $82 million, of which $60 million is newly issued capital and $22 million is to purchase of shares from its three largest ... More >>
NZ's only drug giant, Douglas Pharma, to stay locally owned
Friday, 30 November 2012, 3:48 pm | BusinessDesk
Nov. 30 (BusinessDesk) - Douglas Pharmaceuticals, a New Zealand-owned generic drug manufacturer serving local and export markets, is to stay in family ownership after testing the market, following numerous approaches from would-be buyers. More >>
Fonterra units stag 22 percent on debut, farmers less keen
Friday, 30 November 2012, 1:04 pm | BusinessDesk
Nov. 30 (BusinessDesk) - Nov. 30 (BusinessDesk) - Fonterra Shareholders' Fund units soared as much as 22 percent on their NZX debut as investors leapt at the chance to get access to the dairy exporters' earnings stream, though no farmers used the ... More >>
MIDDAY UPDATE: Super-stag Fonterra units up 22% in NZX debut
Friday, 30 November 2012, 1:03 pm | BusinessDesk
Nov. 30 (BusinessDesk) - Units in the Fonterra Shareholders' Fund have given investors a good old-fashioned listing "stag", jumping as much as 22 percent to $6.71 in their debut on the stock exchange as investors leapt at the opportunity to grab ... More >>
US investors pour $82M into Xero; early payday for founders
Friday, 30 November 2012, 1:01 pm | BusinessDesk
Nov. 30 (BusinessDesk) - Two American investors have increased their interest in cloud accounting software provider Xero by a total of $82 million, of which $60 million is newly issued capital and $22 million is to purchase of shares from its three largest ... More >>
MIDDAY UPDATE: Super-stag Fonterra units up 22% in NZX debut
Friday, 30 November 2012, 12:37 pm | BusinessDesk
Nov. 30 (BusinessDesk) - Units in the Fonterra Shareholders' Fund have given investors a good old-fashioned listing "stag", jumping as much as 22 percent to $6.71 in their debut on the stock exchange as investors leapt at the opportunity to grab ... More >>
SNAP Fonterra units rocket up 22 percent in NZX debut
Friday, 30 November 2012, 12:12 pm | BusinessDesk
Nov. 30 (BusinessDesk) - Units in the Fonterra Shareholders' Fund jumped 21 percent on their debut as investors clamoured to get more exposure to the dairy cooperative's earnings after a $525 million initial public offer. More >>
NZ building consents fall 1.5 percent in October
Friday, 30 November 2012, 11:55 am | BusinessDesk
Nov. 30 (BusinessDesk) - New Zealand building consents fell 1.5 percent in October, snapping four monthly gains, with Canterbury and apartments underpinning new permits and issuance up markedly on the previous year. More >>
ComCom takes issue with Vector on regulated rates of return
Friday, 30 November 2012, 10:58 am | BusinessDesk
Nov. 30 (BusinessDesk) - The Commerce Commission says Auckland electricity network monopoly Vector is wrong to claim it is being subjected to regulated costs of capital higher than its Australian counterparts. More >>
NZ dollar falls as Boehner bursts optimism over fiscal cliff
Friday, 30 November 2012, 8:58 am | BusinessDesk
Nov. 30 (BusinessDesk) - The New Zealand dollar fell after US House of Representatives Speaker and senior Republican John Boehner dashed optimism politicians were getting closer to avoiding the fiscal cliff. More >>
From the Farm: Fonterra’s NZX debut
Friday, 30 November 2012, 7:24 am | BusinessDesk
For all the townie gripes about big dairy fouling waterways and making monopoly rents it turns out we love Fonterra. More >>
While you were sleeping: Boehner cites lack of progress
Friday, 30 November 2012, 7:22 am | BusinessDesk
Nov. 30 (BusinessDesk) – Underlining just how much in thrall of Washington global financial markets are right now, US stocks and the euro sold off after U.S. House Speaker John Boehner said there had been “no substantive progress” in talks to ... More >>
