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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 1310]
PGG Wrightson returns to profit, auditor tags goodwill
Wednesday, 22 August 2012, 9:38 am | BusinessDesk
Aug. 22 (BusinessDesk) - PGG Wrightson, the country's biggest rural technology and services provider, returned to profit in the 2012 financial year off a 40 percent gain in earnings from its services unit, though its auditor queried the board's assumptions ... More >>
NZ dollar falls to month-low vs euro on ECB optimism
Wednesday, 22 August 2012, 8:36 am | BusinessDesk
NZ dollar falls to month-low vs euro on optimism ECB will buy troubled govt bonds More >>
From The Farm: NZX goes rural
Wednesday, 22 August 2012, 8:22 am | BusinessDesk
What’s the hottest thing on the New Zealand stock exchange these days? Stock trading? Nope. Initial public offerings? Definitely not. More >>
While you were sleeping: Apple takes a break
Wednesday, 22 August 2012, 7:33 am | BusinessDesk
August 22 (BusinessDesk) – Wall Street gave up early gains as a decline in Apple shares weighed on the overall market and the Standard & Poor's 500 Index took a breather from a four-year high. More >>
MARKET CLOSE NZ shares rise, paced by Fletcher, Telecom
Tuesday, 21 August 2012, 5:40 pm | BusinessDesk
Aug. 21 (BusinessDesk) - New Zealand shares rose to a 4 ½-year high, with Fletcher Building, Telecom and Skellerup Holdings gained ahead of results investors are betting will show local companies are resilient in a tepid economy. More >>
NZ dollar ekes out gain after RBA minutes
Tuesday, 21 August 2012, 5:19 pm | BusinessDesk
Aug. 21 (BusinessDesk) - The New Zealand dollar rose in local trading after the minutes from last week's Reserve Bank of Australia meeting stoked demand for the trans-Tasman currencies by talking up the resilience of its domestic economy. More >>
Hannah on SMEs: employees - your secret marketing weapon
Tuesday, 21 August 2012, 5:12 pm | BusinessDesk
Aug. 21 (BusinessDesk) - Employee aren't just workers. They are your best (and cheapest) form of advertising. Whether you're a small and medium sized business or a multinational company, your brand as an employer is a powerful business tool. More >>
Zespri keeping tabs on Psa infection of gold varieties
Tuesday, 21 August 2012, 4:51 pm | BusinessDesk
Aug. 21 (BusinessDesk) – Zespri International, which controls exports of the nation's kiwifruit, is keeping tabs on the spread of vine bacteria disease Psa-V which is showing signs of infection in new gold varieties. More >>
NZ firms pare 2-year-ahead inflation expectations: RBNZ
Tuesday, 21 August 2012, 4:01 pm | BusinessDesk
Aug. 21 (BusinessDesk) - New Zealand firms have pared back their expectations for rising consumer prices over the next two years after inflation dribbled to its slowest pace in 13 years in the second quarter. More >>
Ebos lifts profit by 19%, targets growth in animal health
Tuesday, 21 August 2012, 3:35 pm | BusinessDesk
Aug. 21 (BusinessDesk) - Ebos Group, the medical equipment and consumables distributor that expanded into pet products last year, is targeting growth in its animal health business after the acquisition of the Masterpet business helped lift annual profit ... More >>
Long-running battle over power line prices coming to a head
Tuesday, 21 August 2012, 1:00 pm | BusinessDesk
Aug 21 (BusinessDesk) - A battle over the prices monopolies can charge is coming to a head, with the Commerce Commission reissuing a draft decision that would see Auckland network owner Vector cut its electricity lines charges by 8 percent ahead ... More >>
MIDDAY UPDATE: Kiwis keep leaving for Oz
Tuesday, 21 August 2012, 12:11 pm | BusinessDesk
Aug. 21 (BusinessDesk) - The number of New Zealanders packing their bags and heading to Australia held at a record annual level in July. More >>
NZ maintains record net outflow of migrants to Australia
Tuesday, 21 August 2012, 11:58 am | BusinessDesk
Aug. 21 (BusinessDesk) - The number of New Zealanders packing their bags and heading to Australia held at a record annual level in July. More >>
Summerset's Barlow sees retirement sector outpacing economy
Tuesday, 21 August 2012, 11:20 am | BusinessDesk
Aug. 21 (BusinessDesk) - Summerset Group chief executive Norah Barlow is upbeat about the prospects for her industry as New Zealand's population gets older, though she's less optimistic on the fortunes of the wider economy. More >>
NZ government to move on stalled patents reform
Tuesday, 21 August 2012, 10:24 am | BusinessDesk
Aug 21 (BusinessDesk) - Patent law reforms that have been stalled in Parliament since their introduction by the last Labour government are finally back on the agenda, with passage into law expected by the end of the year. More >>
Former Sanford engineer faces up to 26 years jail
Tuesday, 21 August 2012, 9:39 am | BusinessDesk
Aug. 21 (BusinessDesk) - James Pogue, former chief engineer on Sanford’s tuna vessel San Nikunau, faces up to 26 years in jail for obstruction of justice and knowingly failing to maintain an accurate oil record book, the US Department of Justice says. More >>
Summerset 1H profit beats estimates on development margins
Tuesday, 21 August 2012, 9:24 am | BusinessDesk
Aug. 21 (BusinessDesk) - Summerset Group, the retirement village operator and developer beat first-half profit estimates as it squeezed a fatter margin from its developments, which have largely been brought in-house. More >>
Sumitomo, Prima to buy Yarrow's Australian unit, Nikkei says
Tuesday, 21 August 2012, 8:52 am | BusinessDesk
Sumitomo, Prima JV to buy Yarrow's Australian business for 4 billion yen, Reuters reports More >>
NZ dollar little changed as central bank views
Tuesday, 21 August 2012, 8:50 am | BusinessDesk
Aug. 21 (BusinessDesk) - The New Zealand dollar was little changed after what traders called “summer doldrums” in Northern Hemisphere markets ahead of central bank reports downunder today and the minutes of the Federal Reserve’s last policy meeting ... More >>
While you were sleeping: Lowe's disappoints, Apple flies
Tuesday, 21 August 2012, 7:40 am | BusinessDesk
August 21 (BusinessDesk) – Wall Street edged lower as Lowe's cut its profit forecast and investors reassessed the latest clues from Europe. Still, the overall decline was limited as shares of Apple hit yet another record high. More >>
