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 1254]
MARKET CLOSE: NZ shares gain as Fletcher, Diligent, FPH rise
Thursday, 22 November 2012, 5:26 pm | BusinessDesk
Nov. 22 (BusinessDesk) - New Zealand stocks rose as investors cheered Fletcher Building’s forecast for higher annual profits, Diligent Board Member Services climbed to a new record and Fisher & Paykel Healthcare lifted earnings. More >>
NZ dollar gains as Chinese manufacturing outlook gets rosier
Thursday, 22 November 2012, 5:05 pm | BusinessDesk
Nov. 22 (BusinessDesk) - The New Zealand dollar crept higher after figures showed China's manufacturing sector may expand in November for the first time in 13 months, stoking optimism the world's second-biggest economy is on the mend after a third-quarter ... More >>
Mainfreight’s Braid says ferry strike disrupts peak week
Thursday, 22 November 2012, 4:32 pm | BusinessDesk
Nov. 22 (BusinessDesk) – The fight to save rail is being set back by threatened industrial action on KiwiRail's Cook Strait ferries in the biggest freight week of the year, according to Mainfreight managing director Don Braid. More >>
UPDATED F&P Healthcare 1H profit rises 18%, shares gain
Thursday, 22 November 2012, 4:22 pm | BusinessDesk
UPDATED: F&P Healthcare 1H profit rises 18%, beating guidance, on record sales, wider margins More >>
Dorchester narrows first-half loss, forecasts FY profit
Thursday, 22 November 2012, 3:23 pm | BusinessDesk
Nov. 22 (BusinessDesk) – Dorchester Pacific, which avoided failure in 2010 by convincing investors to accept a debt-for-equity swap, narrowed its first-half loss and reiterated its target for a full-year profit, helped by earnings from recently acquired debt ... More >>
Talks tomorrow ahead of Interislander ferry strike
Thursday, 22 November 2012, 3:09 pm | BusinessDesk
Nov. 22 (BusinessDesk) – KiwiRail’s Interislander ferry business will enter mediation with unions on Friday to try to avert a strike that will halt ferry sailings for a week in December. More >>
From The Farm: Joy vs. Wills
Thursday, 22 November 2012, 1:50 pm | BusinessDesk
Two leading luminaries appeared in the New York Times this month – the top farm lobbyist and an environmental scientist. It was bad publicity for New Zealand, basically saying our clear, green image is a fraud. More >>
'Fudge’ comment comes back to haunt Olam
Thursday, 22 November 2012, 1:00 pm | BusinessDesk
Nov. 22 (BusinessDesk) - An accountant's blunder in the 2009 accounts of New Zealand Farming Systems Uruguay has come back to haunt Singaporean commodities giant Olam International as part of an attack on its performance by an investment firm renowned ... More >>
David Ross, out of hospital, to cooperate with regulators
Thursday, 22 November 2012, 12:25 pm | BusinessDesk
Nov. 22 (BusinessDesk) - Wellington fund manager David Ross, whose businesses have been frozen after missing investor payments, has been released from hospital and will "cooperate fully" with all inquiries into his company and the funds ... More >>
F&P Healthcare stock rallies on record first-half sales
Thursday, 22 November 2012, 12:01 pm | BusinessDesk
Nov. 22 (BusinessDesk) - Fisher & Paykel Healthcare shares rallied after the breathing respirator maker lifted first-half profit 18 percent on record sales. More >>
Chinese visitor rise offsets fall in October vs RWC crowds
Thursday, 22 November 2012, 11:50 am | BusinessDesk
Nov. 22 (BusinessDesk) - A steady increase in the number of Chinese visitors offset a fall in overall tourist arrivals last month, compared with the spike in arrivals last year for the Rugby World Cup. More >>
Dunedin City 'AA' debt rating may be cut by S&P
Thursday, 22 November 2012, 9:54 am | BusinessDesk
Dunedin City 'AA' credit rating under threat as S&P sees financial targets in doubt More >>
F&P Healthcare 1H profit rises 18%, beating guidance
Thursday, 22 November 2012, 9:52 am | BusinessDesk
Nov. 22 (BusinessDesk) – Fisher & Paykel Healthcare beat its guidance with an 18 percent gain in first-half profit, making record sales while keeping a rein on costs and widening its margins. Profit in the full-year would also beat its estimate. More >>
NZ dollar climbs to 7-mth high vs. yen on weak Japan exports
Thursday, 22 November 2012, 9:05 am | BusinessDesk
Nov. 22 (BusinessDesk) - The New Zealand dollar rose to a seven-month high against the yen after Japan’s trade deficit widened, stoking concern the world’s third-biggest economy is heading back into recession. More >>
While you were sleeping: Economic optimism
Thursday, 22 November 2012, 7:45 am | BusinessDesk
Nov 22 (BusinessDesk) – Stocks advanced on both sides of the Atlantic amid positive data on the US economy, and the announcement of a ceasefire between Israel and Hamas. More >>
MARKET CLOSE: NZ shares mixed; Fletcher, Diligent gain
Wednesday, 21 November 2012, 5:39 pm | BusinessDesk
Nov. 21 (BusinessDesk) - New Zealand shares were mixed, with Fletcher Building pacing gainers after giving an upbeat earnings outlook yesterday, while Telecom and Sky Network Television fell. More >>
NZ dollar falls as Euro chiefs defer Greece decision
Wednesday, 21 November 2012, 5:27 pm | BusinessDesk
Nov. 21 (BusinessDesk) - The New Zealand dollar fell after European finance ministers failed to reach agreement on the next cash top-up for heavily indebted Greece, spooking investors who were optimistic an accord would be reached. More >>
NZ credit card spending has first annual drop in 3 years
Wednesday, 21 November 2012, 3:30 pm | BusinessDesk
Nov. 21 (BusinessDesk) - Credit card billings in New Zealand fell in October from the same month a year earlier in the first annual decline in three years. More >>
RESEND: Comvita first-half earnings fall 7.4%
Wednesday, 21 November 2012, 1:56 pm | BusinessDesk
Nov. 21 (BusinessDesk) - Comvita, which sells products based on the health and medical benefits of honey, posted a 7.4 percent decline in first-half profit , saying a shortage of Manuka honey after an inclement 2012 summer constrained sales growth and margins. More >>
Feltex receivership coming to end as liquidator pursues suit
Wednesday, 21 November 2012, 1:03 pm | BusinessDesk
Nov. 21 (BusinessDesk) – The end is in sight for the six-year-long receivership of failed carpet maker Feltex Carpets, with remaining issues likely to be settled in the next two months. More >>
