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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 1284]
Correct: Boutique brewer Moa in $15m pre-Christmas IPO
Monday, 1 October 2012, 11:28 am | BusinessDesk
Oct. 1 (BusinessDesk) - Beer enthusiasts will get a new opportunity to "drink the profits" by subscribing for shares in the Moa Group, which is planning a $15 million NZX float by the end of the month. More >>
Boutique brewer Moa in $15m pre-Christmas IPO
Monday, 1 October 2012, 11:05 am | BusinessDesk
Oct. 1 (BusinessDesk) - Beer enthusiasts will get a new opportunity to "drink the profits" by subscribing for shares in the Moa Group, which is planning a $15 million NZX float by the end of the month. More >>
NZ Post taps Grant Samuel to help raise capital for Localist
Monday, 1 October 2012, 10:57 am | BusinessDesk
Oct. 1 (BusinessDesk) - New Zealand Post Group, which runs the state-owned postal service, has hired Grant Samuel & Associates to advise on finding an investment partner to assist with the expansion of its Localist deals and events website. More >>
Telecom post-merger exodus continues as Gilbertson leaves
Monday, 1 October 2012, 9:58 am | BusinessDesk
Oct. 1 (BusinessDesk) - Telecom’s group general counsel Tristan Gilbertson has become the latest executive at the biggest company on the NZX 50 Index to depart following its demerger with Chorus. More >>
NZ dollar falls on weak US data, talk of Spanish downgrade
Monday, 1 October 2012, 9:29 am | BusinessDesk
Oct. 1 (BusinessDesk) - The New Zealand dollar fell after weak US data and speculation Spain's credit rating may be cut to junk eroded investors' appetite for higher-yielding, or riskier, assets. More >>
Tower lifts premiums for house, contents, motor cover
Monday, 1 October 2012, 9:28 am | BusinessDesk
Oct. 1 (BusinessDesk) - Tower said it has raised its premiums for house, contents and motor insurance to reflect an increase in charges from reinsurers after locking in $525 million of cover for the 2012/2013 year. More >>
World Week Ahead: Spain, central bankers, US jobs
Monday, 1 October 2012, 7:12 am | BusinessDesk
By Margreet Dietz Oct. 1 (BusinessDesk) – Spain will again be at the forefront of investors' minds in the coming days amid hopes the country will finally relent and make a decision to seek financial help, though a formal request to its EU partners ... More >>
MONEY TALKS: Beware bemoaning big bank profits
Saturday, 29 September 2012, 11:40 am | BusinessDesk
I've enjoyed having Alan Bollard as governor of the Reserve Bank. He didn't shy away from facing up to the global financial crisis in the tail-end of 2008, and he usually gives a pretty considered answer when queried about things. More >>
MARKET CLOSE: NZ shares rise, paced by Air NZ on buyback
Friday, 28 September 2012, 5:29 pm | BusinessDesk
Sept. 28 (BusinessDesk) - New Zealand shares rose, paced by Air New Zealand it said the share price doesn’t reflect the airline’s financial performance and it to commence a share buyback scheme. Telecom and Auckland International Airport led declining ... More >>
NZ dollar heads for 4.3 percent gain in September quarter
Friday, 28 September 2012, 5:20 pm | BusinessDesk
NZ dollar heads for 4.3 percent gain in September quarter as Chinese stimulus stokes optimism More >>
Air NZ share jump on share buyback announcement
Friday, 28 September 2012, 4:17 pm | BusinessDesk
Sept. 28 (BusinessDesk) - Air New Zealand says its share price doesn't reflect the strength of the national carrier's financial performance and is to commence a share buyback scheme as a consequence, chairman John Palmer announced at the company's ... More >>
Perpetual sheds corporate trust unit in management buy-out
Friday, 28 September 2012, 1:17 pm | BusinessDesk
Sept. 28 (BusinessDesk) - Pyne Gould Corp-owned Perpetual Group has shed its corporate trust unit in a management buy-out for an undisclosed sum. More >>
Zintel shareholders vote in favour of wind-up; shares jump
Friday, 28 September 2012, 1:06 pm | BusinessDesk
Sept. 28 (BusinessDesk) – Shareholders of Zintel voted in favour of delisting and giving the board the power to call in liquidators after the company sold all of its operating units and resolved a legal dispute. The shares jumped about 7 percent. More >>
NZ building consents rise 1.9% in August in third gain
Friday, 28 September 2012, 11:33 am | BusinessDesk
Sept. 28 (BusinessDesk) - Sept. 28 (BusinessDesk) – New Zealand consents to build new homes rose for a third straight month in August, driven by rebuilding activity in Christchurch. More >>
Dorchester agrees to buy EC Credit for $18.5M
Friday, 28 September 2012, 11:06 am | BusinessDesk
Dorchester agrees to buy EC Credit for $18.5M in cash, stock and earn-outs More >>
Metlifecare seeks 67% bump for directors' fee pool
Friday, 28 September 2012, 11:05 am | BusinessDesk
Sept. 28 (BusinessDesk) - Retirement village operator Metlifecare wants shareholders to sign-off on a 67 percent bump in the pool for directors' fees after expanding its operations in the merger with Vision Senior Living and Private Life Care. More >>
NZX appoints Simon Power, Therese Walsh to its board
Friday, 28 September 2012, 10:45 am | BusinessDesk
Sept. 28 (BusinessDesk) - Stock exchange operator NZX has appointed former commerce minister Simon Power and TVNZ and NZ Cricket director Therese Walsh to its board. More >>
Zintel Reaches Amicable Settlement with VeriFone
Friday, 28 September 2012, 10:21 am | BusinessDesk
Sept. 28 (BusinessDesk) - Zintel Group has reached an amicable settlement with VeriFone that was sparked by the loss of its exclusive deal with the US company. More >>
Tourism Holdings’ $69.5M merger 'compelling', adviser says
Friday, 28 September 2012, 10:21 am | BusinessDesk
Sept. 28 (BusinessDesk) - Tourism Holdings’ $69.5 million merger with rivals United Campervans and KEA Campers offers "compelling" opportunities to cut costs, according to the independent adviser's report. More >>
Big bank profits the price for stability, Bollard says
Friday, 28 September 2012, 9:59 am | BusinessDesk
Sept. 27 (BusinessDesk) - New Zealand's big four Australian-owned banks earn more out of the nation than banks in most other countries, but that's the price that must be paid for a sound financial system, according to former Reserve Bank governor Alan ... More >>
