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 1266]
AWF posts jump in sales, earnings, signals Chch rebound
Wednesday, 31 October 2012, 4:05 pm | BusinessDesk
Oct. 31 (BusinessDesk) – AWF Group, the contract labour firm, posted a jump in first-half sales and earnings and said demand for its services in Christchurch are a leading indicator of a recovery in the stricken city’s construction recovery. More >>
NZ Shareholders Assn questions rubber stamp for Marlin
Wednesday, 31 October 2012, 3:43 pm | BusinessDesk
Oct. 31 (BusinessDesk) - The New Zealand Shareholders Association, which advocates for retail investors, is questioning Marlin Global's decision to roll over a management contract with Fisher Funds and will back a resolution to wind-up the investment company ... More >>
CORRECT: Abano forecasts 1H sales growth up to 5%
Wednesday, 31 October 2012, 3:37 pm | BusinessDesk
(Corrects reference to year-earlier profit starting in first paragraph in story that first ran yesterday) More >>
A2 Corp to take control of NZ marketing, enter North America
Wednesday, 31 October 2012, 1:32 pm | BusinessDesk
Oct. 31 (BusinessDesk) - A2 Corp, which markets milk products with a protein variant claimed to have health benefits, wants to directly enter the New Zealand market and is looking to expand into North America and some European nations having wrapped ... More >>
Officials try to verify reported drugs in Fonterra container
Wednesday, 31 October 2012, 1:17 pm | BusinessDesk
Oct. 31 (BusinessDesk) - Fonterra Cooperative Group is trying to verify media reports that 165 kilograms of drugs have been found in one of its containers in Algeria. More >>
From the Farm: Not easy being green
Wednesday, 31 October 2012, 12:32 pm | BusinessDesk
If my vegetable garden was healthy I could keep weed and bug sprays in the shed. I’ve been proud to produce food for the table that’s semi-organic. Only vegetables that thrive get repeat plantings. More >>
NZ government to tweak tax and royalty regimes for miners
Wednesday, 31 October 2012, 12:27 pm | BusinessDesk
Oct. 31 (BusinessDesk) - The government is moving to tweak tax and royalty regimes in a bid to increase the revenue it collects from the resources sector having signalled plans to facilitate mining. More >>
MIDDAY UPDATE: Money is good for BNZ as cash earnings climb
Wednesday, 31 October 2012, 12:03 pm | BusinessDesk
Oct. 31 (BusinessDesk) - Bank of New Zealand, which is urging people to be good with money in its latest advertising campaign, boosted annual cash earnings 21 percent as it squeezed more from customers seeking cheaper variable mortgage rates. More >>
NZ building consents rise 7.8% in September
Wednesday, 31 October 2012, 11:31 am | BusinessDesk
Oct. 31 (BusinessDesk) - New Zealand building consents rose 7.8 percent in September, its fourth straight gain and biggest growth since March, as intentions to build in Auckland and Christchurch gather pace. More >>
Bank of New Zealand FY cash earnings climb 21%
Wednesday, 31 October 2012, 11:02 am | BusinessDesk
Oct. 31 (BusinessDesk) – Bank of New Zealand, the local unit of National Australia Bank, posted a 21 percent gain in cash earnings, saying its net interest margin widened on demand for variable rate mortgages. More >>
Chorus says copper regulation threatens to derail fibre
Wednesday, 31 October 2012, 10:52 am | BusinessDesk
Oct. 31 (BusinessDesk) - Chorus, the telecommunications network operator, says copper lines regulation threatens to derail investment in building a national fibre network by undercutting the new technology. More >>
Haier gets OIO approval for F&P Appliances takeover
Wednesday, 31 October 2012, 10:47 am | BusinessDesk
Oct. 31 (BusinessDesk) - Chinese whiteware maker Haier has declared its bid for local manufacturer Fisher & Paykel Appliances unconditional after getting Overseas Investment Office approval for the takeover. More >>
Affordable housing option unveiled in Christchurch tender
Wednesday, 31 October 2012, 10:10 am | BusinessDesk
Oct. 31 (BusinessDesk) - State-owned Housing New Zealand has unveiled a flagship project for medium-density inner city developments in its $15 billion housing portfolio it says could become a new mixed tenure housing model for New Zealand. More >>
OceanaGold dips into red in 3Q as margins squeezed
Wednesday, 31 October 2012, 9:38 am | BusinessDesk
Oct. 31 (BusinessDesk) - OceanaGold, which operates the Macraes gold mine near Dunedin, dipped into the red in the third quarter as its margins were squeezed, and expects to produce less gold at a higher cost. More >>
NZ dollar weakens vs. yen after Bank of Japan underwhelms
Wednesday, 31 October 2012, 9:05 am | BusinessDesk
Oct. 31 (BusinessDesk) - The New Zealand dollar fell against the yen after the Bank of Japan added to its monetary easing though not enough to weaken its currency appreciably while markets remain subdued in the wake of Sandy and ahead of US presidential elections. More >>
While you were sleeping: Dealing with Sandy
Wednesday, 31 October 2012, 7:42 am | BusinessDesk
Oct 31 (BusinessDesk) – European's benchmark equity index posted a gain for the day as corporate earnings including from UBS and Deutsche Bank exceeded expectations, providing some relief from concern about the impact of Hurricane Sandy and the global ... More >>
Kirkcaldie shares plunge 9.2 percent as annual loss widens
Tuesday, 30 October 2012, 5:55 pm | BusinessDesk
Oct. 30 (BusinessDesk) - Kirkcaldie & Stains' shares sank 9.2 percent after the Wellington department store operator made a bigger annual loss on a deteriorating performance from its unprofitable retail unit. More >>
MARKET CLOSE: NZ stocks fall, led by Trade Me after AGM
Tuesday, 30 October 2012, 5:51 pm | BusinessDesk
Oct. 30 (BusinessDesk) - New Zealand shares fell, led by Trade Me, after the auction site told shareholders dividends and earnings would meet its prospectus targets, disappointing some traders who’d hoped for an upgrade at the annual meeting. Jeweller ... More >>
NZ dollar edges lower as Sandy keeps investors on sidelines
Tuesday, 30 October 2012, 5:17 pm | BusinessDesk
Oct. 30 (BusinessDesk) - The New Zealand dollar edged lower as Hurricane Sandy hit New York City and left traders stranded on the sidelines, eroding bets on riskier, or higher-yielding, assets. More >>
Trade Me to meet prospectus dividend target for FY
Tuesday, 30 October 2012, 5:14 pm | BusinessDesk
Oct. 30 (BusinessDesk) - Trade me, the auction site part owned by Fairfax Media, said it will meet its prospectus forecast for dividends in the second half of the year though a hoped-for economic upturn hasn’t materialised. The shares fell after ... More >>
