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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 1324]
MIDDAY UPDATE: PRC receivers to enter no plea on charges
Tuesday, 31 July 2012, 12:43 pm | BusinessDesk
July 31 (BusinessDesk) - The receivers for Pike River Coal will enter no plea on 10 charges brought against the company relating to the 2010 explosions that killed 29 miners. More >>
AMP Capital, Macquarie to reap A$93M as Duet internalises
Tuesday, 31 July 2012, 11:59 am | BusinessDesk
July 31 (BusinessDesk) - AMP Capital and Macquarie Capital Group will reap as much as A$93 million after agreeing to allow ASX-listed energy investor Duet Group to internalise its management contract. More >>
Pike River receivers to enter no plea on Labour Dept charges
Tuesday, 31 July 2012, 11:40 am | BusinessDesk
July 31 (BusinessDesk) - The receivers for the Pike River Coal company will enter no pleas on the 10 charges brought against the company, relating to the explosions which killed 29 underground miners in November 2010. More >>
NZ families fret over financial situation, D&B survey shows
Tuesday, 31 July 2012, 11:24 am | BusinessDesk
July 31 (BusinessDesk) - New Zealand families have become more concerned about their financial situation, with at least a third saying they’ll use credit to cover unaffordable expenses in the coming quarter, according to Dun & Bradstreet’s consumer credit ... More >>
Low-ball specialist preempts Dorchester’s note buyback
Tuesday, 31 July 2012, 10:47 am | BusinessDesk
July 31 (BusinessDesk) - Stock & Share Trading Co, a Melbourne-based company that specialises in making low-ball offers for securities, is trying to preempt Dorchester Pacific’s buyback of its 2013 notes at a price that’s 25 percent lower. More >>
Kea Petroleum delays Puka 1 tests; Parkes named NZ boss
Tuesday, 31 July 2012, 9:29 am | BusinessDesk
July 31 (BusinessDesk) - Kea Petroleum, the London-based oil and gas explorer, has delayed testing on its Puka 1 well in Taranaki because of heavy rain over the past month, and has appointed Richard Parkes as managing director of its New Zealand operations. More >>
NZ dollar rises above 66 euro cts for first time
Tuesday, 31 July 2012, 9:00 am | BusinessDesk
July 31 (BusinessDesk) - The New Zealand dollar rose above 66 euro cents for the first time since the currency entered circulation in 2002 after euro-zone economic confidence fell to a three-year low and traders awaited European Central Bank’s ... More >>
While you were sleeping: Wall St edges lower
Tuesday, 31 July 2012, 7:29 am | BusinessDesk
July 31 (BusinessDesk) – Investors have begun the week cautiously, reluctant to place big bets before meetings of policymakers in the US, the euro zone and the UK in the coming days. More >>
NZ newspaper advertising to fall 20% from 2011 to 2016: PwC
Tuesday, 31 July 2012, 6:19 am | BusinessDesk
July 31 (BusinessDesk) - Newspaper advertising in New Zealand is on a downward trend over the next four years and media companies will only partially make up the lost ground from increased digital spending, according to PwC New Zealand’s entertainment ... More >>
NZ investors favour term deposits as confidence slips: ASB
Tuesday, 31 July 2012, 6:06 am | BusinessDesk
July 31 (BusinessDesk) - Investor confidence slipped in the second quarter amid ongoing fears about Europe’s debt crisis, sending more kiwis to the relative safety of term desposits. More >>
Government opts for denser inner city living in Christchurch
Monday, 30 July 2012, 6:00 pm | BusinessDesk
July 30 (BusinessDesk) - The government has heeded warnings Christchurch needs a populated heart and opted for denser inner city living than the draft blueprint for the shattered city delivered last December. More >>
Feeley quits Serious Fraud Office to be Queenstown's CEO
Monday, 30 July 2012, 5:59 pm | BusinessDesk
July 30 (BusinessDesk) - Serious Fraud Office boss Adam Feeley has been appointed chief executive of the Queenstown Lakes District Council, just three years into his five-year term as the white collar crime fighter. More >>
Government huddles as Tribunal urges asset sales delay
Monday, 30 July 2012, 5:37 pm | BusinessDesk
July 30 (BusinessDesk) - Government ministers will take several days to respond to a Waitangi Tribunal report that could push its partial privatisation programme past Christmas. More >>
Pyne Gould looks at UK, Australia listings
Monday, 30 July 2012, 5:35 pm | BusinessDesk
July 30 (BusinessDesk) - Pyne Gould Corp is mulling offers for its Perpetual Trust unit and is looking at listings in Australia and the UK as the final leg of its restructuring under the ownership of George Kerr and Baker Street Capital. More >>
Sanford to defend US charges over vessel
Monday, 30 July 2012, 5:34 pm | BusinessDesk
July 30 (BusinessDesk) - Sanford, the NZX-listed fishing company, said it will “vigorously defend” seven US charges related to discharges from its vessel San Nikunau operating out of American Samoa and for obstruction of justice. More >>
NZ dollar pares gain as investors await central bank support
Monday, 30 July 2012, 5:17 pm | BusinessDesk
July 30 (BusinessDesk) - The New Zealand dollar pared gains in local trading as investors awaited central bank action this week, when the Federal Reserve and European Central Bank are scheduled to review their respective monetary policies. More >>
IRD's 'Muldoonist' tactics slammed
Monday, 30 July 2012, 4:51 pm | BusinessDesk
Law firms, accountants incensed by IRD’s plan to tax lease inducements before law is changed July 30 (BusinessDesk) - Law and accounting firms are upset at an Inland Revenue Department decision to begin taxing 'lease inducement payments' made ... More >>
Lawyers, accountants incensed by bid to tax lease inducement
Monday, 30 July 2012, 4:18 pm | BusinessDesk
Law firms, accountants incensed by IRD’s plan to tax lease inducements before law is changed More >>
Fisher & Paykel Finance taps da Silva as chairman
Monday, 30 July 2012, 3:20 pm | BusinessDesk
July 30 (BusinessDesk) - Fisher & Paykel Finance, the lending unit of Fisher & Paykel Appliances, has appointed Carlos da Silva as its new chairman. More >>
UMR director, former Goff worker, named SkyCity spokesman
Monday, 30 July 2012, 2:42 pm | BusinessDesk
July 30 (BusinessDesk) - Gordon Jon Thompson, a UMR Research director and Phil Goff's ex-chief of staff, has been appointed SkyCity Entertainment's head cheerleader as the casino operator looks to ride out skepticism of its offer to build a $350 million ... More >>
