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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 1268]
Govt targets land supply, RMA to make houses affordable
Monday, 29 October 2012, 4:16 pm | BusinessDesk
Oct. 29 (BusinessDesk) - The government has released a raft of targets and new research projects in response to the Productivity Commission's report into the unaffordability of housing in New Zealand. More >>
UPDATE: Kirkcaldie holder reserves judgment on asset sale
Monday, 29 October 2012, 2:32 pm | BusinessDesk
Oct. 29 (BusinessDesk) - Kirkcaldie & Stains' biggest shareholder, H&G, the investment vehicle for the Cushing family, is reserving judgment on a major asset sale by the retailer which drove the share price up 23% to a four-and-a-half year ... More >>
NZ Oil & Gas farms out quarter-stake in Kaheru to Beach
Monday, 29 October 2012, 1:57 pm | BusinessDesk
NZ Oil & Gas farms out quarter-stake in Kaheru prospect to ASX-listed Beach Energy More >>
Rail travel by golf cart proving popular for new business
Monday, 29 October 2012, 1:43 pm | BusinessDesk
Oct. 29 (BusinessDesk) - Bookings are ahead of budget for a small tourism venture which has adapted golf carts to drive on the mothballed Stratford to Okahukura rail line from Taranaki to the King Country. More >>
NZ Aluminium Smelters halts $70M of capital spending
Monday, 29 October 2012, 1:33 pm | BusinessDesk
Oct. 29 (BusinessDesk) - New Zealand Aluminium Smelters, which operates the plant at Bluff, has halted $70 million of planned capital spending, citing “extremely challenging” market conditions that have eroded margins. More >>
AIA regional MD Watson bullish on 'under-insured' NZ
Monday, 29 October 2012, 1:13 pm | BusinessDesk
Oct. 29 (BusinessDesk) - AIA Group regional managing director Gordon Watson is upbeat on the prospects for the insurer's New Zealand business, saying the level of underinsurance means there are plenty of growth opportunities. More >>
Update: Kirk's shareholder Cushing reserves judgment on sale
Monday, 29 October 2012, 1:06 pm | BusinessDesk
Oct. 29 (BusinessDesk) - Kirkcaldie & Stains' biggest shareholder H&G, the investment vehicle for the Cushing family, is reserving judgement on a major asset sale by the retailer which drove the share price up 23 percent to a four-and-a-half ... More >>
MIDDAY UPDATE: Kirk's stock surges as building sale eyed
Monday, 29 October 2012, 12:06 pm | BusinessDesk
Oct. 29 (BusinessDesk) - Shares in iconic Wellington department store operator Kirkcaldie & Stains surged 12 percent to a three-month high after flagging it would sell its most valuable asset on Friday. More >>
Kirkcaldie shares surge on property sale announcement
Monday, 29 October 2012, 11:37 am | BusinessDesk
Oct. 29 (BusinessDesk) - The share price of Kirkcaldie & Stains rocketed 11.5 percent on Monday on news that the department store operator has sold its major property in Wellington. More >>
NZ Dollar Outlook: Kiwi may gain as bond sale settles
Monday, 29 October 2012, 11:24 am | BusinessDesk
Oct. 29 (BusinessDesk) – The New Zealand dollar may gain this week from near a three-week high as the government’s sale of inflation linked bonds settles, offshore investors are drawn to the nation’s relatively attractive yields and manufacturing ... More >>
Shipping lines and customers at odds on industry reform
Monday, 29 October 2012, 11:11 am | BusinessDesk
Oct. 29 (BusinessDesk) - International shipping companies and their major customers are at odds on plans to end special competition arrangements for shipping lines. More >>
Acurity boss Blair to leave after six years as CEO
Monday, 29 October 2012, 9:05 am | BusinessDesk
Oct. 29 (BusinessDesk) - Acurity Health Group chief executive Andrew Blair will step down as the head of the private hospital operator once-known as Wakefield Health after six years in the top job and after the Stewart family and Royston Hospital ... More >>
NZ dollar holds above 82 cts, may gain on attractive yields
Monday, 29 October 2012, 9:05 am | BusinessDesk
Oct. 29 (BusinessDesk) – The New Zealand dollar held above 82 US cents and may gain as the nation’s relatively attractive yields draw demand for the currency. More >>
World Week Ahead: Corporate clouds keep rolling
Monday, 29 October 2012, 8:39 am | BusinessDesk
Oct. 29 (BusinessDesk) – Wall Street is starting the week on edge, wary of what the next wave of corporate results will bring and amid uncertainty about the strength of the world’s largest economy. More >>
MARKET CLOSE NZ shares fall after rallying to 4 ½-year high
Friday, 26 October 2012, 5:38 pm | BusinessDesk
Oct. 26 (BusinessDesk) - New Zealand shares fell, having rallied to the highest level in about 4 ½ years, amid perceptions recent gains mean stocks are now fair value rather than under-valued. Fletcher Building and Fisher & Paykel Healthcare paced ... More >>
Rural pulse a worry in National Bank confidence survey
Friday, 26 October 2012, 5:36 pm | BusinessDesk
Oct. 26 (BusinessDesk) - The agriculture sector is the least confident in the October National Bank Business Outlook which shows overall business confidence flat-lining. More >>
Kirkcaldie & Stains sells profitable Harbour City Centre
Friday, 26 October 2012, 5:28 pm | BusinessDesk
Oct. 26 (BusinessDesk) - Kirkcaldie & Stains, the Wellington department store owner, has sold its profitable Harbour City Centre building in the capital city, as it prepares to announce its annual result next week. More >>
MONEY TALKS: RBNZ's Wheeler dreams a dream about inflation
Friday, 26 October 2012, 5:24 pm | BusinessDesk
Remember the days when the Reserve Bank used to worry incessantly about rising prices? Well it looks like that's back on the agenda. More >>
NZ dollar falls after RBNZ's Wheeler talks down intervention
Friday, 26 October 2012, 5:07 pm | BusinessDesk
Oct. 26 (BusinessDesk) - The New Zealand dollar fell after Reserve Bank governor Graeme Wheeler talked down the prospects of intervening in currency markets and ruled out printing more money to stoke the local economic recovery. More >>
Turners & Growers pulls out kiwifruit vines near Kerikeri
Friday, 26 October 2012, 3:57 pm | BusinessDesk
Oct. 26 (BusinessDesk) - Turners & Growers is removing about 20 hectares of kiwifruit orchards in the Kerikeri area after the bacterial vine disease Psa-V was detected on a single male "baker graft" vine in one of its orchards in the area. More >>
