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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 1270]
Port of Tauranga vents frustration, predicts more profit
Thursday, 25 October 2012, 3:58 pm | BusinessDesk
Oct. 25 (BusinessDesk) - Port of Tauranga is signalling another record profit and is frustrated at a new Maori court challenge to block plans to deepen its shipping channel to accommodate larger vessels. More >>
Elevation questions Fisher Funds' renewed Marlin contract
Thursday, 25 October 2012, 3:14 pm | BusinessDesk
Oct. 25 (BusinessDesk) - Fund manager Elevation Capital is questioning Marlin Global's decision to renew Fisher Funds' management of the listed investment firm ahead of next week's annual meeting, where Elevation is lobbying to wind up the company. More >>
UPDATED: ANZ Bank lifts FY underlying profit in NZ by 11%
Thursday, 25 October 2012, 12:48 pm | BusinessDesk
UPDATED: ANZ Bank lifts FY underlying profit in NZ by 11% to $957M as margins fatten More >>
OceanaGold's Blackwater drilling results matches history
Thursday, 25 October 2012, 12:42 pm | BusinessDesk
Oct. 25 (BusinessDesk) - OceanaGold is investigating gold mining scenarios at Blackwater, 37 kilometres south of Reefton, after more drilling of the area increased the known extent of mineralisation. More >>
Businesses call for urgency on Cook Strait freight services
Thursday, 25 October 2012, 12:35 pm | BusinessDesk
Oct. 25 (BusinessDesk) - Business leaders want the government to hurry up and decide future transport arrangements for Cook Strait but fear Transport Minister Gerry Brownlee is diverted by the Christchurch rebuild. More >>
MIDDAY UPDATE: RBNZ's Wheeler keeps OCR at 2.5% 'for now'
Thursday, 25 October 2012, 12:13 pm | BusinessDesk
MIDDAY UPDATE: RBNZ's Wheeler keeps OCR at 2.5% 'for now', kiwi dollar climbs More >>
ANZ lifts FY underlying NZ profit by 11% as margins fatten
Thursday, 25 October 2012, 10:49 am | BusinessDesk
ANZ Bank lifts FY underlying profit in NZ by 11% to $957M as margins fatten More >>
RBNZ's Wheeler quashes hopes for a rate cut, sending kiwi up
Thursday, 25 October 2012, 10:04 am | BusinessDesk
Oct. 25 (BusinessDesk) - The New Zealand dollar climbed more than half a US cent after Reserve Bank governor Graeme Wheeler gave no indication he's leaning towards lower interest rates in his debut review of monetary policy. More >>
Vector buys Contact's metering business for $63 million
Thursday, 25 October 2012, 9:26 am | BusinessDesk
Oct. 25 (BusinessDesk) - Vector is buying Contact Energy’s gas metering business for $63 million and is signalling an upgrade of the 128,000 meters acquired. More >>
GPG to rename as Coats once portfolio reduces, lifts buyback
Thursday, 25 October 2012, 9:17 am | BusinessDesk
Oct. 25 (BusinessDesk) - Guinness Peat Group will rename itself as Coats once it has reduced the other assets in its portfolio and has lifted its buyback target to 70 million pounds from 10 million pounds. More >>
RBNZ’s Wheeler keeps OCR at 2.5% 'for now' in debut review
Thursday, 25 October 2012, 9:07 am | BusinessDesk
RBNZ’s Wheeler keeps OCR at 2.5% 'for now' in debut review, watching inflation More >>
NZ dollar gains against greenback ahead of OCR review
Thursday, 25 October 2012, 8:42 am | BusinessDesk
Oct. 25 (BusinessDesk) - The New Zealand dollar gained against the greenback ahead of the first official cash rate review from new Reserve Bank governor Graeme Wheeler and after the Federal Reserve reiterated that the US economy is expanding at a moderate ... More >>
While you were sleeping: US economy's positive signals
Thursday, 25 October 2012, 7:47 am | BusinessDesk
Oct 25 (BusinessDesk) – American real estate showed further evidence of a sustained recovery, and the Fed says the US economy is expanding at a moderate pace, helping offset concern about the impact of slowing global growth on US corporate earnings. More >>
MARKET CLOSE: NZ shares fall as Vector faces price controls
Wednesday, 24 October 2012, 6:10 pm | BusinessDesk
Oct. 24 (BusinessDesk) - New Zealand shares fell, led by Auckland-based pipeline company Vector, after the Commerce Commission recommended price controls on its gas network. Goodman Fielder led gaining stocks. More >>
NZ dollar falls vs. Australian dollar as inflation quickens
Wednesday, 24 October 2012, 5:25 pm | BusinessDesk
Oct. 24 (BusinessDesk) - The New Zealand dollar fell to a month-low against its Australian counterpart as the pace of inflation accelerated more than expected across the Tasman and as Chinese manufacturing figures indicate a milder contraction in the region’s ... More >>
NZDMO gets $4B of bids for $2.5B of inflation-linked bonds
Wednesday, 24 October 2012, 5:17 pm | BusinessDesk
Oct. 24 (BusinessDesk) - The New Zealand Debt Management Office sold $2.5 billion of inflation-indexed bonds in the first auction of the securities since 1999. More >>
Cavalier names Paul Alston as CFO, replacing Tan
Wednesday, 24 October 2012, 4:49 pm | BusinessDesk
Oct. 24 (BusinessDesk) - Cavalier Corp, the carpet maker seeking to expand its wool scouring operations, named Paul Alston as chief financial officer replacing Victor Tan, who is retiring after 28 years with the firm. More >>
New Image shares rise to 12-month high on bullish forecast
Wednesday, 24 October 2012, 1:32 pm | BusinessDesk
Oct. 24 (BusinessDesk) - New Image Group, which makes colostrum-based health tonics, expects annual sales will beat $100 million after its Malaysian business underpinned a strong first quarter result, and helped push the shares to a 12-month high. More >>
From the Farm: Profit in aerial 1080 drops
Wednesday, 24 October 2012, 1:27 pm | BusinessDesk
New Zealand spends about $100 million a year on pest control programmes. The money is spent by the Animal Health Board, regional councils, Department of Conservation, forestry companies private land owners and non-governmental conservation authorities. More >>
MIDDAY UPDATE: ANZ National grabs more market share in Q2
Wednesday, 24 October 2012, 12:08 pm | BusinessDesk
Oct. 24 (BusinessDesk) - ANZ National Bank grabbed more market share in the June quarter, ahead of its announcement that it will ditch the National Bank of New Zealand brand. More >>
