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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 1277]
Raunchy Moa prospectus's paid ads a 'world first', says Ross
Friday, 12 October 2012, 11:36 am | BusinessDesk
Oct. 12 (BusinessDesk) - The inclusion in a prospectus of paid advertising for luxury cars, shotguns, scented candles and Gin Wigmore's fashion label is thought to be a "world first" by Moa director and brand guru Geoff Ross. More >>
Fisher Funds gets lower performance fees and faces refunds
Friday, 12 October 2012, 11:30 am | BusinessDesk
Oct. 12 (BusinessDesk) – Fisher Funds Management reaped a lower performance fees and faces a refund for one client with another in prospect, according to its latest financial statements. More >>
Low take-up of leaky homes package boosts government books
Friday, 12 October 2012, 11:09 am | BusinessDesk
Oct. 12 (BusinessDesk) – The government’s helping hand to owners of leaky homes is being shunned which helped improve the government’s accounts to the tune of $408 million in the latest financial year. More >>
Agria executive flight no threat to PGG Wrightson investment
Friday, 12 October 2012, 10:53 am | BusinessDesk
Oct. 12 (BusinessDesk) - The exit of Chinese agriculture firm Agria Corp's top two executives isn't expected to impact on its majority stake in New Zealand rural services firm PGG Wrightson. More >>
NZ dollar falls vs. euro on Spanish bailout speculation
Friday, 12 October 2012, 8:32 am | BusinessDesk
Oct. 12 (BusinessDesk) - The New Zealand dollar fell against the euro on speculation Spain will seek a bailout after its credit rating was downgraded and increased demand at an Italian bond sale spurred bets the region's debt crisis is easing. More >>
While you were sleeping: Surprise drop in jobless claims
Friday, 12 October 2012, 7:35 am | BusinessDesk
Oct 12 (BusinessDesk) – Stocks received a boost from data showing that US jobless claims unexpectedly fell to the lowest level since February 2008, bolstering hopes the struggling labour market may finally show some signs of improvement. More >>
Auckland Council delays bond sale on leaky buildings ruling
Thursday, 11 October 2012, 7:58 pm | BusinessDesk
Oct. 11 (BusinessDesk) - Auckland Council, the local body for the country's biggest city, has delayed a $175 million bond offer to retail investors after a Supreme Court ruling opened up the way for commercial property owners to sue councils for leaky ... More >>
NZ dollar falls vs. Aussie after upbeat jobs data
Thursday, 11 October 2012, 5:30 pm | BusinessDesk
Oct. 11 (BusinessDesk) - The New Zealand fell against the Australian dollar in local trading after data showed more people found work across the Tasman than expected in September. More >>
Oz shipping lines criticise NZ Productivity Commission
Thursday, 11 October 2012, 4:11 pm | BusinessDesk
Oct. 11 (BusinessDesk) – Shipping Australia is accusing the New Zealand Productivity Commission of poor number crunching when it concluded something needs to be done to stop shipping companies fixing prices. More >>
Scott Technology boosts FY profit 22%, shares rise
Thursday, 11 October 2012, 3:55 pm | BusinessDesk
Scott Technology boosts FY profit 22% as mining equipment sales climb, shares rise to 7-year high More >>
PGG Wrightson parent Agria's top executives depart
Thursday, 11 October 2012, 3:01 pm | BusinessDesk
Oct. 11 (BusinessDesk) - The top two executives of PGG Wrightson's New York Stock Exchange-listed parent Agria Corp have given a day's notice of departure to "pursue other opportunities." More >>
NZ consumer confidence slips in October as kiwis save more
Thursday, 11 October 2012, 1:38 pm | BusinessDesk
Oct. 11 (BusinessDesk) - New Zealand's consumer confidence fell in October from a month earlier as kiwis remain cautious about spending money and put more aside for a rainy day. More >>
Sex used to sell Moa float, forecasts losses and no dividend
Thursday, 11 October 2012, 1:33 pm | BusinessDesk
Oct. 11 (BusinessDesk) –Moa Group will pay $1.6 million for the boutique brewer to raise $15 million and list on NZX. More >>
MIDDAY UPDATE: Food fall rise in Sept; manufacturing shrinks
Thursday, 11 October 2012, 12:05 pm | BusinessDesk
Oct. 11 (BusinessDesk) - New Zealand food prices fell in September, snapping four months of gains, reflecting lower prices for groceries and fruit and vegetables. More >>
CSR and Brickworks cleared to merge NZ businesses
Thursday, 11 October 2012, 11:59 am | BusinessDesk
Oct. 11 (BusinessDesk) – CSR and Brickworks are being allowed to merge their New Zealand brick businesses because the Commerce Commission took the view that competition exists from the threat of new entrants and other forms of cladding. More >>
NZ food prices fall in September, led by groceries, produce
Thursday, 11 October 2012, 11:38 am | BusinessDesk
Oct. 11 (BusinessDesk) - New Zealand food prices fell in September, snapping four months of gains, reflecting lower prices for groceries and fruit and vegetables. More >>
NZ manufacturing shrinks at slower pace in September
Thursday, 11 October 2012, 11:17 am | BusinessDesk
Oct. 11 (BusinessDesk) - New Zealand's manufacturing activity shrank for a fourth month in September, as new orders fell to the lowest level since May 2009. More >>
Employees are working harder for longer, survey finds
Thursday, 11 October 2012, 10:36 am | BusinessDesk
Oct. 11 (BusinessDesk) – More than a third of employees are working more than 51 hours a week, putting them at risk of burnout and reflecting a project-driven work environment, employment consultant Hudson says. More >>
NZOG buys into deepwater Taranaki permi
Thursday, 11 October 2012, 10:25 am | BusinessDesk
Oct. 11 (BusinessDesk) - New Zealand Oil & Gas has bought into a deepewater exploration permit in the Taranaki basis, building its relationship with Texan explorer Anadarko. More >>
Maori director of Mighty River Power resigns
Thursday, 11 October 2012, 10:00 am | BusinessDesk
Oct. 11 (BusinessDesk) – MightyRiverPower has lost one of two Maori directors in what appears to be fall-out from opposition led by the Waikato-Tainui iwi to the government's plans to partially privatise state-owned power companies. More >>
