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 1274]
NZ dollar gains after Moody's affirms Spain's rating
Wednesday, 17 October 2012, 5:16 pm | BusinessDesk
Oct. 17 (BusinessDesk) - The New Zealand dollar gained after Moody's Investments Service affirmed an investment grade rating for the heavily-indebted Spain, spurring investors to ditch the greenback and seek higher-yielding, or riskier, assets. More >>
NZX halts trading in mid-cap fund after entry error
Wednesday, 17 October 2012, 5:12 pm | BusinessDesk
Oct. 17 (BusinessDesk) - Trading in the NZX MidCap Index Fund was halted after an entry error caused the share price to spike 79 percent. More >>
No restrictions on foreign-sourced carbon credits confirmed
Wednesday, 17 October 2012, 4:48 pm | BusinessDesk
Oct. 17 (BusinessDesk) - Government Members of Parliament have, as expected, blocked attempts by Labour and Green Party MP's to limit the number of foreign-sourced carbon credits used to offset New Zealand's greenhouse gas emissions under its Kyoto Protocol ... More >>
Hubbard hearing adjourned until May in delay for frail widow
Wednesday, 17 October 2012, 4:38 pm | BusinessDesk
Oct. 17 (BusinessDesk) – A hearing into $60 million of so-called ‘introduced assets’ from the empire of late businessman Allan Hubbard has been adjourned until May next year after the statutory managers of Aorangi Securities argued they needed ... More >>
NZ Super Fund looks to offload North Island forests
Wednesday, 17 October 2012, 3:10 pm | BusinessDesk
Oct. 17 (BusinessDesk) - The New Zealand Superannuation Fund, which was set up to pre-fund baby boomers' pension liabilities, is in talks to sell a group of North Island forests, though negotiations to buy-out Harvard University's endowment fund ... More >>
Govt to offer 65 iwi MOMco shares in forthcoming settlements
Wednesday, 17 October 2012, 2:09 pm | BusinessDesk
Oct. 17 (BusinessDesk) - The government will offer shares in partially privatised power companies as part of outstanding Treaty of Waitangi settlements with 65 iwi yet to cut a deal, Finance Minister Bill English and Treaty Negotiations Minister ... More >>
NZRU appoints Jannine Mountford as finance chief
Wednesday, 17 October 2012, 2:09 pm | BusinessDesk
Oct. 17 (BusinessDesk) - The New Zealand Rugby Union has appointed Jannine Mountford as its new chief financial officer starting from next year. More >>
Maori trusts shot down in 2nd attempt to appeal Crafar Farms
Wednesday, 17 October 2012, 2:04 pm | BusinessDesk
Oct. 17 (BusinessDesk) - The Supreme Court has rejected a second attempt by two Maori trusts to overturn the sale of the Crafar Farms to Chinese buyer Shanghai Pengxin. More >>
Shewan tapped to chair Fonterra Shareholders’ Fund board
Wednesday, 17 October 2012, 12:57 pm | BusinessDesk
Oct. 17 (BusinessDesk) - Former PricewaterhouseCoopers chairman John Shewin has been tapped as independent chairman of the Fonterra Shareholders’ Fund board as the world’s biggest dairy exporter targets a November launch for the units tied to ... More >>
Hannah on SMEs: can you save on your power bill?
Wednesday, 17 October 2012, 12:53 pm | BusinessDesk
Oct. 16 (BusinessDesk) - Electricity and gas costs are usually small but significant costs for small and medium sized businesses. More >>
CORRECT: Pacific Edge US lab complete; shares gain
Wednesday, 17 October 2012, 12:26 pm | BusinessDesk
Oct. 17 (BusinessDesk) - Pacific Edge, the Dunedin-based DNA diagnostic test company, has completed work on its US-based laboratory on-schedule and on-budget and it now seeking regulatory approval for the building. More >>
MIDDAY UPDATE: NZ dollar pares losses
Wednesday, 17 October 2012, 11:48 am | BusinessDesk
Oct. 17 (BusinessDesk) – The New Zealand dollar pared its loss after a strong GlobalDairyTrade auction offset rising investor pessimism amid speculation Spain will seek a bailout to soothe fears the Europe’s debt crisis is spreading. More >>
Contact's King hints at greater returns as cash mounts
Wednesday, 17 October 2012, 11:34 am | BusinessDesk
Oct 17 (BusinessDesk) - Contact Energy chairman Grant King has hinted at the possibility of a capital return or higher dividends to shareholders as the company ends a five-year period of capital investment and looks to a future with large, uncommitted cash flows. More >>
SMEs rate safe environment, lifestyle as benefits in NZ
Wednesday, 17 October 2012, 11:28 am | BusinessDesk
Oct 17 (BusinessDesk) - Small and medium sized business owners rank New Zealand's safe economic environment, lifestyle and good education system as key factors when deciding to set up a business here rather than overseas. More >>
Summerset 3Q sales on cusp of beating annual IPO target
Wednesday, 17 October 2012, 11:03 am | BusinessDesk
Oct. 17 (BusinessDesk) - Summerset Group, the retirement village operator and developer, is on the cusp of beating forecast annual sales of occupation rights after just nine months of the financial year. More >>
Metlifecare sells Nelson village for $29 million
Wednesday, 17 October 2012, 10:32 am | BusinessDesk
Oct 17 (BusinessDesk) - Metlifecare, the retirement village operator, sold its Oakwoods village in Nelson for $29 million to a syndicate of South Island investors. More >>
From The Farm: Ageing brands
Wednesday, 17 October 2012, 10:16 am | BusinessDesk
Pakistan is the world's fourth largest milk and meat producer. India is the biggest producer of milk. China rears the most pigs. More >>
Pegasus Town receiver mulls options to recoup $142.8M
Wednesday, 17 October 2012, 10:01 am | BusinessDesk
Oct. 17 (BusinessDesk) - The receiver for the Pegasus Town development in Canterbury is still weighing up the best way to recoup more than $142.8 million owed to its lenders. More >>
Pacific Edge US lab complete, seeks regulatory approval
Wednesday, 17 October 2012, 9:59 am | BusinessDesk
Oct 17 (BusinessDesk) - Pacific Edge, the Dunedin-based DNA diagnostic test company, has completed work on its US-based laboratory on-schedule and on-budget and it now seeking regulatory approval for the building. More >>
NZ dollar pares loss as rising dairy prices offset gloom
Wednesday, 17 October 2012, 8:32 am | BusinessDesk
Oct. 17 (BusinessDesk) - The New Zealand dollar pared its loss after a strong GlobalDairyTrade auction offset rising investor pessimism amid speculation Spain will seek a bailout to soothe fears the Europe's debt crisis is spreading. More >>
