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 1288]
MIDDAY UPDATE: Nufarm profit rises
Monday, 24 September 2012, 12:10 pm | BusinessDesk
Sept. 24 (BusinessDesk) - Agricultural chemicals company Nufarm's underlying annual net profit rose 18 percent to the top end of guidance as its business got back on track after several poor years, assisted by a strong performance by its seeds operations. More >>
Nufarm's underlying profit up 18%, near top end of guidance
Monday, 24 September 2012, 12:01 pm | BusinessDesk
Sept. 24 (BusinessDesk) - Agricultural chemicals company Nufarm's underlying annual net profit rose 18 percent to the top end of guidance as its business got back on track after several poor years, assisted by a strong performance by its seeds operations. More >>
Auckland Airport passenger traffic bolstered by Asians
Monday, 24 September 2012, 12:01 pm | BusinessDesk
Sept. 24 (BusinessDesk) - Auckland International Airport, which is targeting Asian tourists to stoke growth in the next decade, reported a 14.4 percent gain in arrivals from the region last month as Indonesia made the top ten for the first time, even ... More >>
NZ Dollar Outlook: Kiwi may fall on Spanish, Greek bailouts
Monday, 24 September 2012, 11:50 am | BusinessDesk
Sept. 24 (BusinessDesk) - The New Zealand dollar may fall this week amid speculation Spain will ask for a full bailout, while debt-stricken Greece is still to reach an agreement with its regional lenders to get its next tranche of funds. More >>
No bid yet for 'interesting' Stansted airport: Morrison & Co
Monday, 24 September 2012, 11:44 am | BusinessDesk
Sept. 24 (BusinessDesk) – London’s Stansted airport is in an “interesting” market and has spare capacity though it is too soon to say a group led by Morrison & Co will bid for the business, the Wellington-based investment bank’s head ... More >>
UPDATED: Nuplex plant closures, writedowns to cut '13 profit
Monday, 24 September 2012, 11:30 am | BusinessDesk
Sept. 24 (BusinessDesk) – Nuplex Industries will close four factories in Australia and New Zealand in the next two years as the trading outlook dims, eliminating jobs in a restructuring effort that will slice $17 million from forecast 2013 profit. ... More >>
Super Fund, Morrison & Co bid for Stansted, Telegraph says
Monday, 24 September 2012, 10:55 am | BusinessDesk
Sept. 24 (BusinessDesk) - The $19.7 billion New Zealand Superannuation Fund and Wellington-based asset manager Morrison & Co have teamed up to bid for London’s Stansted airport, the UK’s third-largest, the Telegraph newspaper reported on its website. More >>
Nuplex restructuring in Australia, NZ to cut 2013 profit
Monday, 24 September 2012, 9:49 am | BusinessDesk
Sept. 24 (BusinessDesk) – Nuplex Industries will close four factories in Australia and New Zealand in the next two years as the trading outlook dims, eliminating jobs in a restructuring effort that will slice $17 million from forecast 2013 profit. More >>
Nufarm Aust to offer US$300M of notes in US for refinancing
Monday, 24 September 2012, 9:14 am | BusinessDesk
Sept. 24 (BusinessDesk) - Nufarm Australia plans to raise US$300 million by selling senior unsecured notes to US institutions, using the funds to reduce indebtedness under an Australian revolving bank facility. More >>
NZ dollar may fall amid speculation Spain will seek bailout
Monday, 24 September 2012, 8:40 am | BusinessDesk
Sept. 24 (BusinessDesk) - The New Zealand dollar may fall amid speculation Spain will ask for a full bailout this week, while debt-stricken Greece is still to reach an agreement with its regional lenders to get its next tranche of funds. More >>
World Week Ahead: US data, Spain top agenda
Monday, 24 September 2012, 7:20 am | BusinessDesk
Sept. 24 (BusinessDesk) - Investors will be eyeing a slew of US economic indicators and a potential Spanish bailout in the coming days to see whether the recent run in equities can regain upward momentum. More >>
MONEY TALKS: Bringing your cash back home
Friday, 21 September 2012, 6:05 pm | BusinessDesk
Have you spent time in Oz and remember a chunk of your gross wages getting set aside for your golden years? Well very soon you'll be able to pull that back to kiwi-land and add it to your KiwiSaver. More >>
Kiwi over 83 US cents, plenty to go says Westpac's Speizer
Friday, 21 September 2012, 5:27 pm | BusinessDesk
Sept. 21 (BusinessDesk) - The New Zealand dollar rose above 83 US cents as stock markets across Asia rallied with the debut of Apple Inc's latest iPhone model stoking demand for tech stocks, bolstering investors' appetite for higher-yielding, riskier ... More >>
Pacific Edge shares at 13-year high, NZX halts trading
Friday, 21 September 2012, 3:00 pm | BusinessDesk
Sept. 21 (BusinessDesk) - Pacific Edge, the Dunedin-based DNA diagnostic test company, had its shares halted by NZX Market Supervision after they jumped to a 13-year high. More >>
Adviser misled family over collapsed Yarrow bakery, son says
Friday, 21 September 2012, 3:00 pm | BusinessDesk
Sept. 21 (BusinessDesk) - An adviser for more than 30 years to the bread-making Yarrows family failed to disclose the company was insolvent, despite inquiries from both shareholder Paul Yarrow and Westpac Bank, Yarrow alleges in High Court action progressing ... More >>
AMP NZ Office to buy Westfield Downtown for $90M
Friday, 21 September 2012, 1:07 pm | BusinessDesk
Sept. 21 (BusinessDesk) - AMP NZ Office, which is changing its name to Precinct Properties New Zealand, agreed to buy Auckland’s Westfield Downtown Shopping Centre from Westfield Group and Westfield Retail Trust for $90 million. More >>
Methanex planning to move plant to gas supplies in future
Friday, 21 September 2012, 12:49 pm | BusinessDesk
Sept. 21 (BusinessDesk) – Methanex, the world’s largest methanol producer, is increasingly willing to move its plants from one country to another to take advantage of natural gas supplies, and could one day choose to move its plant from New Zealand, ... More >>
MIDDAY UPDATE: NZ tourist arrivals rise in August
Friday, 21 September 2012, 12:07 pm | BusinessDesk
Sept. 21 (BusinessDesk) - New Zealand's short-term arrivals rose last month from a year earlier, as more Australians and Chinese visitors trumped last year's pick-up from the Rugby World Cup. More >>
Current monetary policy framework is sound: Treasury chief
Friday, 21 September 2012, 11:40 am | BusinessDesk
Sept. 21 (BusinessDesk) - The government's chief economic adviser, Treasury Secretary Gabriel Makhlouf, has waded into the debate on monetary policy and its contribution to the export-sapping strength of the New Zealand dollar, saying the current framework ... More >>
NZ tourist arrivals rise in Aug; more Australians, Chinese
Friday, 21 September 2012, 11:36 am | BusinessDesk
Sept. 21 (BusinessDesk) - New Zealand's short-term arrivals rose last month from a year earlier as more Australians and Chinese visitors trumped last year's pick-up from the Rugby World Cup. More >>
