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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 1272]
Economists ponder Wheeler’s attitude; markets bet on cut
Tuesday, 23 October 2012, 10:06 am | BusinessDesk
Oct. 23 (BusinessDesk) – Economists and the market differ in their guesses on how new Reserve Bank governor Graeme Wheeler will approach monetary policy, though on the face of it there’s little reason to change interest rates at his debut review ... More >>
L&M Energy chairman Loudon makes takeover bid
Tuesday, 23 October 2012, 10:03 am | BusinessDesk
Oct. 23 (BusinessDesk) - L&M Energy chairman Geoff Loudon has made a full takeover bid for the Wellington-based oil and gas explorer at a 45 percent premium to its last trading price. More >>
NZ dollar falls vs. greenback as stocks slide, gains vs. yen
Tuesday, 23 October 2012, 8:56 am | BusinessDesk
NZ dollar falls vs. greenback as stocks slide, gains vs. yen on BOJ easing talk More >>
While you were sleeping: Revenue in the hurt locker
Tuesday, 23 October 2012, 7:44 am | BusinessDesk
Oct 23 (BusinessDesk) – Wall Street began the week on the same note it ended the previous one as Caterpillar became the latest company to throw cold water on the outlook for corporate profits. More >>
Hannah on SMEs: We are family
Tuesday, 23 October 2012, 5:44 am | BusinessDesk
Nov. 2 (BusinessDesk) - What do Fletcher Building, Wal-Mart, Samsung and Ford have in common? They're all originally family-owned and operated. Even international companies have humble beings at Grandma's kitchen table. More >>
World Week Ahead: Eyes on Apple, US GDP
Monday, 22 October 2012, 10:29 am | BusinessDesk
Oct. 22 (BusinessDesk) – Investors are hoping that a slew of US corporate quarterly results this week including from Apple will help snap the market out of the funk that hammered Wall Street on Friday. More >>
Farming Systems delays long-term strategy by 2 years
Friday, 19 October 2012, 6:17 pm | BusinessDesk
Oct. 19 (BusinessDesk) - NZ Farming Systems Uruguay Limited says its longer-term farm development strategy will be delayed by two years to 2016 after a challenging year left milk production 10 percent below forecast. More >>
MARKET CLOSE: NZ shares fall, paced by Westpac, ANZ; FPH up
Friday, 19 October 2012, 5:58 pm | BusinessDesk
Oct. 19 (BusinessDesk) - New Zealand shares fell, paced by dual-listed trans-Tasman banks Australian & New Zealand Banking Group and Westpac Banking Corp. Fisher & Paykel Healthcare led gainers. More >>
NZ dollar heads for biggest weekly drop vs. Aussie since Ma
Friday, 19 October 2012, 5:36 pm | BusinessDesk
NZ dollar heads for biggest weekly decline vs. Aussie since May on interest rate outlook More >>
Tourism Holdings shareholders give $69.5M merger the nod
Friday, 19 October 2012, 4:19 pm | BusinessDesk
Oct 19 (BusinessDesk) - Shareholders in rental campervan operator Tourism Holdings threw their weight behind a $69.5 million merger with rivals United Campervans and KEA Campers at a special meeting in Auckland today. More >>
MONEY TALKS: Looking for your Alan Bond moment
Friday, 19 October 2012, 3:01 pm | BusinessDesk
The late Aussie media mogul Kerry Packer had his Alan Bond moment a quarter of a century ago when he sold Nine Network to the Perth-based businessman before buying it back at a steep discount a few years later. More >>
Vuletic emerges as accomplice of Marcus Friedlander in fraud
Friday, 19 October 2012, 2:01 pm | BusinessDesk
Oct. 19 (BusinessDesk) - Ralph Vuletic has emerged as the accomplice of convicted fraudster Marcus Friedlander after pleading guilty to faking a debt meant to convince creditors to take a bath. More >>
TeamTalk accused of taking value from subsidiary Araneo
Friday, 19 October 2012, 1:01 pm | BusinessDesk
Oct. 19 (BusinessDesk) - TeamTalk, the owner of the CityLink fibre-optic broadband service, faces a courtroom showdown with a jilted minority shareholder who claims the Wellington company has sought to take value from its subsidiary, Araneo. More >>
B'On financial planner Bradley gets 7 years, 5 months jail
Friday, 19 October 2012, 12:56 pm | BusinessDesk
Oct. 19 (BusinessDesk) - B'On Financial Services’ Jacqueline Bradley has been sentenced to seven years and five months in jail after she gipped her clients out of some $14.4 million. More >>
MIDDAY UPDATE: NZ short term arrivals fall in September
Friday, 19 October 2012, 12:15 pm | BusinessDesk
MIDDAY UPDATE: NZ short term arrivals fall in September; Air NZ's Luxon drops GM short-haul from exec team More >>
CORRECT: Air NZ's Luxon drops GM short-haul from exec team
Friday, 19 October 2012, 11:42 am | BusinessDesk
Oct. 19 (BusinessDesk) - Air New Zealand's rejig of its executive structure for incoming chief executive Christopher Luxon hasn't found room for general manager of short-haul Bruce Parton in his new inner circle. More >>
NZ short term arrivals fall in September
Friday, 19 October 2012, 11:35 am | BusinessDesk
Oct 19 (BusinessDesk) - New Zealand short term visitor numbers fell in September compared to a year earlier which were bolstered by the Rugby World Cup. China overtook the US as the country's third largest visitor source. More >>
SkyCity expects FY profit in `$140 millions’, matching 2012
Friday, 19 October 2012, 10:48 am | BusinessDesk
Oct. 19 (BusinessDesk) – SkyCity Entertainment Group, the casino and hotel operator, said full-year profit is expected to be “in the $140 millions”, in line with the 2012 result, with Darwin seen as a standout in otherwise flat trading conditions. More >>
Independent News names Connolly, O'Brien nominee, to APN
Friday, 19 October 2012, 10:05 am | BusinessDesk
Oct. 19 (BusinessDesk) - Irish media group Independent News & Media has appointed Paul Connolly to the board of Australasian print and radio group APN News & Media. More >>
Maori Council opts to challenge MRP sale through courts
Friday, 19 October 2012, 8:54 am | BusinessDesk
Oct. 19 (BusinessDesk) - The Maori Council will today file papers in the High Court seeking a judicial review of the government’s plan to sell down Mighty River Power. More >>
