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 1299]
NZ 2Q building activity rises 0.8% on Canterbury work
Wednesday, 5 September 2012, 11:24 am | BusinessDesk
Sept. 5 (BusinessDesk) - Residential building in Canterbury helped lift New Zealand's national building activity in the June quarter, according to Statistics New Zealand. More >>
Barfoot reports highest August listings for 4 years
Wednesday, 5 September 2012, 10:59 am | BusinessDesk
Sept. 5 (BusinessDesk) – Auckland realtor Barfoot & Thompson reported its highest listings for the month of August in four years while the average price held near record levels. More >>
Wool Services FY profit falls 66% on drop in wool prices
Wednesday, 5 September 2012, 10:45 am | BusinessDesk
Sept. 5 (BusinessDesk) - New Zealand Wool Services International, the wool scouring and exporting business whose majority shareholding is up for grabs, posted a 66 percent drop in full-year profit as wool prices tumbled. More >>
Bluff smelter to accelerate job cuts plan
Wednesday, 5 September 2012, 10:23 am | BusinessDesk
Sept. 5 (BusinessDesk) - New Zealand Aluminium Smelters is accelerating plans to axe 100 jobs from its Bluff smelter as depressed global metal prices continue to challenge the aluminium sector worldwide. More >>
Hannah on SMEs: Make every penny count
Wednesday, 5 September 2012, 10:22 am | BusinessDesk
Sept. 4 (BusinessDesk) - It's Money Week - a New Zealand first. Initiated by the Commission for Financial Literacy and Retirement Income, Money Week encourages kiwis to spring clean their finances and manage their money a little better. More >>
NZX cash market trading volume falls in August, value rises
Wednesday, 5 September 2012, 10:17 am | BusinessDesk
Sept. 5 (BusinessDesk) - NZX cash market trading fell in volume last month while the value of trades increased in both equity and debt securities, according to the market operator’s monthly shareholder metrics. More >>
From the Farm: Where have we heard this before?
Wednesday, 5 September 2012, 8:52 am | BusinessDesk
There’s a farming concern that’s failed. A Chinese-led group has emerged as a potential bidder and the receivers like the sound of their money. The Crafars, right? More >>
NZ dollar falls as US manufacutring shrinks, ECB looms
Wednesday, 5 September 2012, 8:43 am | BusinessDesk
Sept. 5 (BusinessDesk) - The New Zealand dollar fell after US manufacturing activity shrank, stoking concerns global growth has stalled and amid fears the European Central Bank isn't doing enough to contain the region’s debt crisis. More >>
While you were sleeping: Apple helps shift focus
Wednesday, 5 September 2012, 7:37 am | BusinessDesk
Sept 5 (BusinessDesk) – Apple helped turn the mood on Wall Street at least temporarily away from economic pessimism amid expectations it's about to reveal its latest iPhone. More >>
Dairy prices rise 6% in GDT auction to highest since April
Wednesday, 5 September 2012, 7:12 am | BusinessDesk
Sept. 5 (BusinessDesk) - Dairy prices rose to the highest level since early April in the latest GlobalDairyTrade sale, the third straight gain, with increases for all eight products on offer. More >>
MARKET CLOSE: NZ shares rise; Warehouse, KMD gain, TWR falls
Tuesday, 4 September 2012, 5:46 pm | BusinessDesk
Sept. 4 (BusinessDesk) - New Zealand shares rose, paced by retailers Warehouse Group and Kathmandu. Guinness Peat Group gained after announcing it will kick off its share buyback this week and Tower dropped after reducing its guidance. More >>
RBA’s Stevens less gloomy on resources even after price drop
Tuesday, 4 September 2012, 5:34 pm | BusinessDesk
Sept. 4 (BusinessDesk) - Reserve Bank of Australia Governor Glenn Stevens said the economy is growing “close to trend” while spending in the resources sector has increased, suggesting raw materials will help underpin the economy a while longer. More >>
NZ dollar dips vs. Australian dollar after RBA statement
Tuesday, 4 September 2012, 5:09 pm | BusinessDesk
Sept 4 (BusinessDesk) - The New Zealand dollar dipped against its Australian counterpart after the Reserve Bank of Australia kept interest rates on hold, and said capital spending in the resources sector is keeping the economy growing. More >>
Fresh Greenpeace charity application 'cleanest' option
Tuesday, 4 September 2012, 4:39 pm | BusinessDesk
Sept. 4 (BusinessDesk) - The "cleanest and clearest" way for Greenpeace of New Zealand to settle its disputed charitable status is for it to lodge a fresh application, the Court of Appeal heard today. More >>
Actions of a few shouldn't cost Greenpeace NZ charity status
Tuesday, 4 September 2012, 1:58 pm | BusinessDesk
Sept. 4 (BusinessDesk) - Greenpeace of New Zealand, the environmental lobby group, is too big to miss out on charitable status just because the actions of a few members may be deemed illegal, the Court of Appeal heard today. More >>
NZ commodity prices snap 7-month slide, rise 0.5% in August
Tuesday, 4 September 2012, 1:19 pm | BusinessDesk
NZ commodity prices snap 7-month slide, rise 0.5% in August, led by dairy More >>
MIDDAY UPDATE: NZ dollar weakens vs. euro on ECB talk
Tuesday, 4 September 2012, 12:04 pm | BusinessDesk
Sept. 4 (BusinessDesk) - The New Zealand dollar fell to its lowest against the euro since late June after European Central Bank chief Mario Draghi gave more details of his bond-buying plans, stoking expectations the ECB will take action this week. More >>
Aussies offer first NZ-Antarctic scenic flights since Erebus
Tuesday, 4 September 2012, 11:19 am | BusinessDesk
Sept 4 (BusinessDesk) - The first sightseeing flights to Antarctica from New Zealand since the Mt Erebus disaster 33 years ago are on offer from an Australian airline, which says it’s responding to demand from kiwis for a service it has run from Melbourne ... More >>
IRG sells Auckland advisory business to Forsyth Barr
Tuesday, 4 September 2012, 11:04 am | BusinessDesk
Sept. 4 (BusinessDesk) - Investment Research Group, the financial services company that is shedding assets to become a listed shell company, has sold most of its IRG Equity Investment Advisors unit to brokerage Forsyth Barr. More >>
A2 more than doubles FY profit as Australian sales surge
Tuesday, 4 September 2012, 10:44 am | BusinessDesk
A2 more than doubles FY profit as Australian sales surge, targets China, UK for more growth More >>
