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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 1263]
NZ dollar little changed as US election, RBA loom
Tuesday, 6 November 2012, 9:02 am | BusinessDesk
Nov. 6 (BusinessDesk) – The New Zealand dollar was little changed ahead of the US presidential elections and a review of interest rates from the Reserve Bank of Australia that may narrow the gap with New Zealand rates. More >>
While you were sleeping: Politics in focus
Tuesday, 6 November 2012, 7:30 am | BusinessDesk
Nov 6 (BusinessDesk) – Wall Street slipped amid concern about the potential consequences of political outcomes in the US and China as well as Greece which remains a key hurdle to fixing the European Union's solvency crisis. More >>
NZ economy showing more good news than bad: Westpac's Clare
Monday, 5 November 2012, 6:52 pm | BusinessDesk
Nov. 5 (BusinessDesk) - Westpac New Zealand chief executive Peter Clare is more upbeat about the local economic recovery, which is showing more positives than negatives as it gathers pace with the looming Canterbury rebuild. More >>
MARKET CLOSE: NZ shares fall, led by Cavalier, Heartland
Monday, 5 November 2012, 5:51 pm | BusinessDesk
Nov. 5 (BusinessDesk) - New Zealand shares fell as equity markets were generally weaker across Asia after a selloff on Wall Street on Friday. Cavalier and Heartland NZ led the decline. More >>
NZ dollar rises as Australian retail sales beat expectations
Monday, 5 November 2012, 5:50 pm | BusinessDesk
Nov. 5 (BusinessDesk) - The New Zealand dollar followed its Australian counterpart higher in local trading after retail figures across the Tasman beat expectations, fuelling demand for the commodity-linked currencies ahead of tomorrow's Reserve Bank ... More >>
Race for coal production exposed Pike River workers to risks
Monday, 5 November 2012, 5:35 pm | BusinessDesk
Nov. 5 (BusinessDesk) – Workers at Pike River Coal’s mine, closed after deadly explosions claimed 29 lives, were exposed to “unacceptable risks” as a result of the financially strapped company’s race to start producing and selling coal, ... More >>
NZ Dollar Outlook: Kiwi may fall in week of event risks
Monday, 5 November 2012, 12:09 pm | BusinessDesk
NZ Dollar Outlook: NZ dollar may fall in week of event risks - US elections, RBA, NZ jobs More >>
MIDDAY UPDATE: Acurity earnings fall
Monday, 5 November 2012, 11:51 am | BusinessDesk
Nov. 5 (BusinessDesk) -Acurity Health, the private hospital operator formerly known as Wakefield Health, reported a 25 percent drop in first-half earnings as the cost of upgrading its Bowen Hospital site weighed on the bottom line. It expects annual ... More >>
Westpac NZ boosts annual earnings 22% on bigger market share
Monday, 5 November 2012, 11:28 am | BusinessDesk
Nov. 5 (BusinessDesk) - Westpac Banking Corp's New Zealand unit lifted annual earnings 22 percent as it grabbed more market share and squeezed more from its interest margins, marking it as the fastest-growing unit of the Australian lender. More >>
ity Health 1H profit fall 25 percent on Bowen upgrade costs
Monday, 5 November 2012, 10:36 am | BusinessDesk
Acurity Health 1H earnings fall 25 percent as Bowen upgrade costs weigh; warns on annual profit More >>
NZX trading growth accelerates in October
Monday, 5 November 2012, 10:03 am | BusinessDesk
Nov. 5 (BusinessDesk) - Growth in the value of trading on the NZX accelerated last month as the benchmark NZX 50 Index reached near five-year highs. More >>
NZX rings more changes as PR chief Macrae exits
Monday, 5 November 2012, 9:38 am | BusinessDesk
Nov. 5 (BusinessDesk) - NZX, which operates the stock exchange, has rung more changes with the exit of head of corporate affairs Rowan Macrae leaving after eight years with the company. More >>
Auckland Airport taps Littlewood as new CEO
Monday, 5 November 2012, 9:34 am | BusinessDesk
Nov. 5 (BusinessDesk) - Auckland International Airport, the country's main international gateway, has promoted its general manager retail and commercial Adrian Littlewood as its new boss. More >>
Asciano to buy Port of Tauranga’s 50% stake in C3 for $70M
Monday, 5 November 2012, 9:17 am | BusinessDesk
Nov. 5 (BusinessDesk) - Asciano, Australia’s largest national rail freight and ports operator, has exercised its right to acquire the 50 percent of the C3 marshalling and stevedoring business in New Zealand for $70 million from Port of Tauranga. More >>
Warehouse 1Q sales rise 1.9% as stationery leads growth
Monday, 5 November 2012, 8:58 am | BusinessDesk
Nov. 5 (BusinessDesk) - Warehouse Group, the country's biggest listed retailer, boosted first-quarter sales 1.9 percent with its Blue Shed stationery stores leading growth as its Red Sheds reported a flat result. More >>
NZ dollar holds gains after US jobs data
Monday, 5 November 2012, 8:53 am | BusinessDesk
Nov. 5 (BusinessDesk) - The New Zealand dollar held onto some of its gains following US non-farm payrolls, which showed employment in the world’s biggest economy is stronger than expected heading into the presidential election. More >>
World Week Ahead: US elections
Monday, 5 November 2012, 6:16 am | BusinessDesk
Nov. 5 (BusinessDesk) – All eyes are on the US presidential elections on Tuesday and investors may prove hesitant to make fresh bets until the results are in. More >>
Moa IPO hits 'moment of manhood' after reaching $16M limit
Friday, 2 November 2012, 6:02 pm | BusinessDesk
Nov. 2 (BusinessDesk) - Moa Group, the boutique beer maker in the first initial public offer of the year, has closed its public pool early after reaching its $16 million capital raising target, effectively thumbing its nose at naysayers who sneered at ... More >>
Fonterra gets A$103M of warranty claims over Brownes
Friday, 2 November 2012, 5:48 pm | BusinessDesk
Nov. 2 (BusinessDesk) - Dairy exporter Fonterra Cooperative Group has had to make a late amendment to its offer document for its controversial shareholders' fund after the buyer of its Western Australian business lodged A$103 million of warranty claims ... More >>
MARKET CLOSE: NZ shares fall as Sky TV farewells shareholder
Friday, 2 November 2012, 5:37 pm | BusinessDesk
Nov 2 (BusinessDesk) – New Zealand shares fell, led by Sky Network Television after one of its oldest supporters exited its 11 percent stake. Infratil fell after the Commerce Commission questioned the profit made by Wellington International Airport ... More >>
