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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 1281]
Chorus carve-out stokes competition in copper line backhaul
Friday, 5 October 2012, 10:30 am | BusinessDesk
Oct. 5 (BusinessDesk) - Telecom's spin-off of network operator Chorus into a separately-listed entity last year has stoked competition in backhaul services on the country's main copper-lines infrastructure and dimmed the need for regulatory oversight, according ... More >>
NZX-listed firms lag behind ASX on ratio of women on boards
Friday, 5 October 2012, 10:12 am | BusinessDesk
Oct 4 (BusinessDesk) – NZX-listed companies lag behind their counterparts on the ASX when it comes to women's representation on boards, even as the market operator pushes for publicly traded companies to disclose gender diversity as part of their ... More >>
Michael Hill lifts 1Q sales 14% on North American gains
Friday, 5 October 2012, 9:18 am | BusinessDesk
Oct. 5 (BusinessDesk) - Michael Hill International, the listed jewellery chain, lifted first-quarter revenue rose 14 percent in New Zealand dollar terms, boosted by an improvement in its North American and Australian markets More >>
NZ dollar falls vs. euro after Draghi bond-buying comments
Friday, 5 October 2012, 8:28 am | BusinessDesk
Oct. 5 (BusinessDesk) - The New Zealand dollar fell against the euro after European Central Bank president Mario Draghi said the bank was ready to buy bonds of euro zone members, leaving the door open to bail out Spain. More >>
MARKET CLOSE NZ shares fall, paced by Fletcher; FPA gains
Thursday, 4 October 2012, 5:34 pm | BusinessDesk
Oct. 4 (BusinessDesk) - New Zealand shares fell, paced by some of the biggest companies on the bourse Fletcher Building, Vector, Telecom and Ryman Healthcare. Fisher and Paykel Appliances rose after its independent directors urged shareholders to reject ... More >>
NZ dollar may extend rally against Australian counterpart
Thursday, 4 October 2012, 5:20 pm | BusinessDesk
Oct. 4 (BusinessDesk) - The New Zealand dollar may extend gains against its trans-Tasman counterpart after tepid consumer spending and building approvals erode confidence in the strength of the so-called lucky country's economy. More >>
NZ new vehicle sales rise 14 percent in September, MTA says
Thursday, 4 October 2012, 3:32 pm | BusinessDesk
Oct. 4 (BusinessDesk) – New Zealand new vehicle sales rose 14 percent in September, providing a bright light in the current gloomy economic environment, says the Motor Trade Association. More >>
Solid Energy names preferred bidder for agri-business
Thursday, 4 October 2012, 1:03 pm | BusinessDesk
Oct 4 (BusinessDesk) - Solid Energy, the state-owned coal company, has named a group led by onion and potato exporters Southern Packers as the preferred bidder for the agribusiness division of its Biodiesel New Zealand unit. More >>
CORRECT: PGG Wrightson gets government backing in seeds
Thursday, 4 October 2012, 12:45 pm | BusinessDesk
Oct. 4 (BusinessDesk) - PGG Wrightson, the New Zealand rural services group controlled by China’s Agria, has won government backing for a $14.6 million research programme that aims to improve seed quality and plant species. More >>
PGG Wrightson gets government backing in $14.6M seeds study
Thursday, 4 October 2012, 12:26 pm | BusinessDesk
Oct. 4 (BusinessDesk) - PGG Wrightson, the New Zealand rural services group controlled by China’s Agria, has won government backing for a $14.6 million research programme that aims to improve seed quality and plant species. More >>
MediaWorks repays ‘Joyce loan’ advanced for radio spectrum
Thursday, 4 October 2012, 12:22 pm | BusinessDesk
Oct. 4 (BusinessDesk) - MediaWorks’ subsidiary RadioWorks has repaid the $32.28 million outstanding on a ‘loan’ signed off by former Communications Minister Steven Joyce that allowed the media group to defer payments to the Crown for radio ... More >>
MIDDAY UPDATE: Haier's F&P offer deemed ‘not compelling’
Thursday, 4 October 2012, 12:13 pm | BusinessDesk
Oct. 4 (BusinessDesk) – Fisher & Paykel Appliances’ independent directors have urged shareholders to reject Haier’s takeover offer, which is below an independent valuation of the business. More >>
Kiwis over 65 lead jump in income from self-employment
Thursday, 4 October 2012, 12:04 pm | BusinessDesk
Oct. 4 (BusinessDesk) – Older kiwis may be less inclined to put their feet up, based on the latest quarterly income survey, which shows a jump in income for the self-employed aged 65 and above. The median weekly income from self-employment for ... More >>
F&P Appliances climbs to just above Haier offer on valuation
Thursday, 4 October 2012, 11:08 am | BusinessDesk
F&P Appliances climbs to just above Haier offer after valuer pooh-poohs Chinese proposal More >>
F&P Appliances worth $1.28-$1.57; Haier offer not compelling
Thursday, 4 October 2012, 9:54 am | BusinessDesk
Oct. 4 (BusinessDesk) – Fisher & Paykel Appliances’ independent directors have urged shareholders to reject Haier’s takeover offer, which is below an independent valuation of the business. More >>
NZ dollar falls before ECB, BoE meetings, US jobs data
Thursday, 4 October 2012, 9:02 am | BusinessDesk
Oct. 4 (BusinessDesk) – The New Zealand dollar fell ahead of meetings by the European Central Bank and the Bank of England tonight and US payrolls data tomorrow that will provide more clues to the central bank response in Europe and the strength of the ... More >>
While you were sleeping: Data bolsters US stocks
Thursday, 4 October 2012, 7:42 am | BusinessDesk
Oct 4 (BusinessDesk) – Wall Street advanced as reports on employment and services bettered expectations, leaving investors relieved that the world's largest economy is still expanding. More >>
MARKET CLOSE: NZ shares rise to 4 ½-year high, led by Nuplex
Wednesday, 3 October 2012, 5:47 pm | BusinessDesk
Oct 3 (BusinessDesk) - New Zealand shares rose to a fresh 4 ½-year high as the prospect of continued low interest rates spurred investors to look to equities for better returns. Nuplex Industries, Fletcher Building and Warehouse Group rose while Auckland ... More >>
NZ dollar falls on widening Australian trade deficit
Wednesday, 3 October 2012, 5:16 pm | BusinessDesk
Oct. 3 (BusinessDesk) - The New Zealand dollar followed its Australian counterpart lower as a widening trade deficit across the Tasman added to growing pessimism about the prospects for Australasia. More >>
Origin prices 500 million euros of medium-term notes
Wednesday, 3 October 2012, 1:47 pm | BusinessDesk
Oct. 3 (BusinessDesk) - Origin Energy, the ASX-listed operator of the Kupe oil and gas field, will sell 500 million euros of seven year medium term notes at an interest rate of 2.87 percent. More >>
