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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 1267]
Telecom senior manager exodus continues with HR boss O'Neill
Tuesday, 30 October 2012, 5:13 pm | BusinessDesk
Oct. 30 (BusinessDesk) - Telecom's senior manager exodus continued today with group human resources director Jan O'Neill joining the exit queue after the country's biggest phone company split itself in two last year. More >>
NZ Post, Kiwibank credit ratings cut by S&P
Tuesday, 30 October 2012, 3:40 pm | BusinessDesk
NZ Post, Kiwibank credit ratings cut by S&P on reliance on banking, dwindling postal revenue More >>
SMEs get exclusion from 'vulnerable worker' provision
Tuesday, 30 October 2012, 3:34 pm | BusinessDesk
Oct 30 (BusinessDesk) - Labour Minister Kate Wilkinson has granted an exemption to small and medium-sized cleaning, catering, orderly and laundry businesses from having to keep to ‘vulnerable worker’ provisions. More >>
Fletcher carves up steel unit in tough trading environment
Tuesday, 30 October 2012, 2:18 pm | BusinessDesk
Oct. 30 (BusinessDesk) - Fletcher Building, New Zealand's biggest listed company, has carved up its steel unit, which has struggled in a tough trading environment, to better reflect the industry's changing market demands. More >>
Virgin Australia welcomes Singapore Airlines as investor
Tuesday, 30 October 2012, 1:08 pm | BusinessDesk
Oct. 30 (BusinessDesk) - Virgin Australia, which competes with Qantas Airways in the Australian aviation market, will place 10 percent of its shares with Singapore Airlines for A$105 million, using most of the funds to buy a 60 percent stake in ... More >>
MIDDAY UPDATE: Vodafone gets green light to buy TelstraClear
Tuesday, 30 October 2012, 12:09 pm | BusinessDesk
Oct. 30 (BusinessDesk) - Vodafone New Zealand, the country's biggest mobile phone carrier, has been given the green light to go ahead with an $840 million deal to buy TelstraClear, the struggling local unit of Australian telco Telstra. More >>
Lempriere won't sell WSI scouring assets after takeover
Tuesday, 30 October 2012, 10:45 am | BusinessDesk
Australia's Lempriere pours cold water on selling WSI scouring assets in formal takeover bid More >>
Abano forecasts 1H sales growth, profit range close to 2011
Tuesday, 30 October 2012, 10:40 am | BusinessDesk
Oct. 30 (BusinessDesk) - Abano Healthcare, which invests in specialist health clinics, says first-half sales rose as much as 5 percent though profit may be similar to the same period last year amid little growth in New Zealand and a downturn in Australia. More >>
NZ Oil & Gas has $162 million to add oil and gas reserves
Tuesday, 30 October 2012, 10:09 am | BusinessDesk
Oct. 30 (BusinessDesk) – New Zealand Oil & Gas, the nation’s largest listed oil explorer, says it has about $162 million in cash available to acquire more oil and gas reserves. More >>
Agria gets extension of time to repay $10 mln LIC loan
Tuesday, 30 October 2012, 9:32 am | BusinessDesk
Oct. 30 (BusinessDesk) - Livestock Improvement Corp has granted an extension to Agria on the Chinese company’s $10 million loan it used to help it take control of PGG Wrightson. More >>
Antitrust regulator clears Vodafone takeover of TelstraClear
Tuesday, 30 October 2012, 9:10 am | BusinessDesk
Oct. 30 (BusinessDesk) - The Commerce Commission has given the green light to Vodafone New Zealand's $840 million takeover of TelstraClear, saying there isn't any significant business overlap between the two telecommunications carriers. More >>
Morrison & Co-led group puts bid in for Stansted airport
Tuesday, 30 October 2012, 9:07 am | BusinessDesk
Oct. 30 (BusinessDesk) - A group led by Wellington-based investment bank Morrison & Co and including Infratil and the New Zealand Superannuation Fund has put in a bid for Stansted airport in Britain, according toReuters. More >>
NZ dollar dips as Sandy nears New York, Bank of Japan looms
Tuesday, 30 October 2012, 9:03 am | BusinessDesk
Oct. 30 (BusinessDesk) – The New Zealand dollar fell as Hurricane Sandy nears New York, shuttering the New York Stock Exchange and eroding risk appetite, and as the Bank of Japan’s review of monetary policy looms. More >>
While you were sleeping: Hurricane Sandy hits
Tuesday, 30 October 2012, 7:03 am | BusinessDesk
Oct 30 (BusinessDesk) – Europe's benchmark equity index fell amid renewed concern about the outlook for Spain and Greece, and weak corporate profits. More >>
Hannah on SMEs: SME's cite NZ safety, lifestyle as tops
Tuesday, 30 October 2012, 12:42 am | BusinessDesk
BusinessDesk (Oct. 23) - Kiwis' pride themselves on New Zealand's "100% Pure" clean, green image. So it's not surprising that small and medium sized business owners rank safety and lifestyle as the main advantages of being based in New Zealand. More >>
REPEAT: MARKET CLOSE: NZ shares fall as yield story wanes
Monday, 29 October 2012, 6:17 pm | BusinessDesk
REPEAT: MARKET CLOSE NZ shares fall as yield story runs out of puff; Telecom drops More >>
Fletcher Building in sweep of supply inquiry, English says
Monday, 29 October 2012, 6:01 pm | BusinessDesk
Oct. 29 (BusinessDesk) - Fletcher Building, the country's biggest listed company, will come under officials' gaze as the government embarks on a study of the construction sector as part of its wide-ranging response to making housing more affordable. More >>
No quick fix to solve housing affordability, English says
Monday, 29 October 2012, 5:58 pm | BusinessDesk
Oct. 29 (BusinessDesk) – New Zealanders will have to wait as long as another nine months before they will have a better idea how the government plans to make housing more affordable for low and middle income earners. More >>
MARKET CLOSE: NZ shares fall as yield story runs out of puff
Monday, 29 October 2012, 5:53 pm | BusinessDesk
Oct. 29 (BusinessDesk) – New Zealand shares fell, led by Telecom, as investors looked for reasons to drive the market higher after offshore demand for dividend yields drove the NZX 50 Index to a five-year high this month. More >>
NZ dollar holds above 82 US cents, helped by yield demand
Monday, 29 October 2012, 4:41 pm | BusinessDesk
Oct. 29 (BusinessDesk) – The New Zealand dollar held above 82 US cents as the nation’s relatively high yields and economic growth stronger than in Europe or the US helps underpin demand for the currency. More >>
