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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 1282]
Cautious consumers will be like Scrooge this Christmas: D&B
Wednesday, 3 October 2012, 1:42 pm | BusinessDesk
Oct 3 (BusinessDesk) - Kiwis look set to tighten their purse strings this Christmas with more than two-thirds of people less likely to spend on non-essentials compared to the same time last year. More >>
Nothing to see here, says APN
Wednesday, 3 October 2012, 1:32 pm | BusinessDesk
Oct 3 (BusinessDesk) - APN News & Media has responded to media speculation regarding the strategic review of the company’s New Zealand assets, saying it has "nothing to announce at this stage." More >>
Productivity Commission spurs shipping, air rules rethink
Wednesday, 3 October 2012, 12:28 pm | BusinessDesk
Oct. 3 (BusinessDesk) - Commerce Minister Craig Foss has asked a parliamentary select committee to look at bringing shipping lines and civil aviation under the nation's competition legislation on the recommendation of a Productivity Commission report ... More >>
MIDDAY UPDATE: Auckland house prices fall in September
Wednesday, 3 October 2012, 12:05 pm | BusinessDesk
Oct. 3 (BusinessDesk) – Auckland realtor Barfoot & Thompson reported a fall in house prices in September, snapping four months of gains as the number of new listings continues to fall. Barfoot & Thompson, which sells about one in three ... More >>
From The Farm: GM milk opportunities
Wednesday, 3 October 2012, 10:53 am | BusinessDesk
A genetically modified cow that produces milk low in beta-lactoglobulin, a whey protein that causes allergic reactions in some babies! That opens a whole world of possibilities for the sale of specialist products to the 3 percent of babies prone to such allergies. More >>
Auckland house prices fall in September: Barfoot
Wednesday, 3 October 2012, 10:52 am | BusinessDesk
Oct. 3 (BusinessDesk) - Auckland realtor Barfoot & Thompson reported a fall in house prices in September, snapping four months of gains as the number of new listings continues to fall. More >>
Hannah on SMEs: choppin' down them tall poppies
Wednesday, 3 October 2012, 10:12 am | BusinessDesk
Oct. 3 (BusinessDesk) - Generally speaking, New Zealanders are pretty tough on themselves. We've got a bad case of tall poppy syndrome - as kiwis rise up we love to chop them down. Charming, isn't it? More >>
NZX trading value rises in September, snapping 7 declines
Wednesday, 3 October 2012, 9:26 am | BusinessDesk
Oct. 3 (BusinessDesk) - The value of trading in NZX debt and equity markets rose 15 percent in September from a year earlier, snapping seven months of declines. More >>
Olam makes new offer for 100% of NZX Farming Systems
Wednesday, 3 October 2012, 9:01 am | BusinessDesk
Olam renews bid to wrest full ownership of NZ Farming Systems in slightly sweeter offer More >>
Crowdfunding scrutinised in securities law overhaul
Wednesday, 3 October 2012, 8:43 am | BusinessDesk
Oct. 2 (BusinessDesk) - The revamp of New Zealand's 34-year-old securities law looks set to capture a relatively new way of raising small amounts of money from hordes of people if it strays into the territory of offering returns. More >>
While you were sleeping: Spain spoils the party, again
Wednesday, 3 October 2012, 8:36 am | BusinessDesk
Oct 3 (BusinessDesk) – Equities pulled back on both sides of the Atlantic after Spanish Prime Minister Mariano Rajoy quashed hopes today that a request for European aid was imminent. More >>
Dairy prices fall 0.9 percent, snapping four straight gains
Wednesday, 3 October 2012, 8:36 am | BusinessDesk
Oct. 3 (BusinessDesk) - Dairy prices fell 0.9 percent, snapping a run of four gains, in the latest GlobalDairyTrade auction, led by declines in high-value rennet casein, cheddar and anhydrous milk fat. More >>
NZ dollar falls after Spain's PM says bailout not imminent
Wednesday, 3 October 2012, 8:30 am | BusinessDesk
Oct. 3 (BusinessDesk) - The New Zealand dollar fell along with equity markets after Spanish Prime Minister Mariano Rajoy said he has no immediate plans to request a bailout, quelling speculation that a request was near. More >>
RBA cuts key rate a quarter point to 3.25%; currency falls
Tuesday, 2 October 2012, 6:13 pm | BusinessDesk
RBA cuts key rate a quarter point to 3.25%; kiwi jumps vs. Australian dollar More >>
MARKET CLOSE NZ shares rise led by Xero as 1H sales double
Tuesday, 2 October 2012, 5:43 pm | BusinessDesk
Oct 2 (BusinessDesk) - New Zealand shares rose, led by Xero after it more than doubled first half sales and said it expects to list across the Tasman next year. The gainers were paced by Nuplex Industries, Air New Zealand, Fletcher Building and Telecom. More >>
UPDATE: Tower lifts premiums for house cover by average 30%
Tuesday, 2 October 2012, 5:42 pm | BusinessDesk
(Updates story that first ran on Oct. 1 to reflect company clarification of which premiums rose and fell) Oct. 2 (BusinessDesk) - Tower has raised its premiums for house cover by an average 30 percent to reflect an increase in charges from reinsurers ... More >>
NZ dollar little changed before RBA, commodity prices gain
Tuesday, 2 October 2012, 5:18 pm | BusinessDesk
Oct. 2 (BusinessDesk) - The New Zealand dollar was little changed against its trans-Tasman counterpart in the lead-up to the Reserve Bank of Australia’s monetary policy review, with markets undecided on whether the central bank will cut rates. More >>
Lyttelton Port sees $700k cut to earnings from Solid Energy
Tuesday, 2 October 2012, 5:12 pm | BusinessDesk
Oct. 2 (BusinessDesk) - Lyttelton Port Co, the South Island’s biggest port operator, said state-owned Solid Energy’s decision to wind down some coal activity will erode annual earnings by $700,000. More >>
Facebook NZ's one man band posts $81k loss
Tuesday, 2 October 2012, 5:04 pm | BusinessDesk
Oct. 2 (BusinessDesk) - Facebook New Zealand, the local unit of the global social media website, reported a small loss in its first full year of operation, while granting shares to one employee, based on the numbers it reported to the local regulator. More >>
NZ commodity prices rise 3.5% in September
Tuesday, 2 October 2012, 1:48 pm | BusinessDesk
Oct. 2 (BusinessDesk) - New Zealand commodity prices rose for a second month in September, in the strongest monthly gain in a year-and-a-half, led by skim milk powder and aluminium. More >>
