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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 1325]
NZ Blood activates contingency plan ahead of strikes at CSL
Monday, 30 July 2012, 2:04 pm | BusinessDesk
July 30 (BusinessDesk) - NZ Blood, which is responsible for the national blood transfusion service, has activated a contingency plan over supplies because of strikes affecting Australian blood plasma company CSL, although it doesn’t expect disruptions. More >>
MIDDAY UPDATE: NZ building consents rise for 1st month in 3
Monday, 30 July 2012, 12:04 pm | BusinessDesk
July 30 (BusinessDesk) - New Zealand home building consents rose for the first time in three months in June, helped by an increase in Canterbury amid earthquake rebuilding and a jump in permits for apartments including rest-home units. More >>
NZ building consents rise for first month in three
Monday, 30 July 2012, 11:51 am | BusinessDesk
July 30 (BusinessDesk) - New Zealand home building consents rose for the first time in three months in June, helped by an increase in Canterbury amid earthquake rebuilding and a jump in permits for apartments including rest-home units. More >>
APN appoints Greenhill Caliburn founder Hunt as new chairman
Monday, 30 July 2012, 11:48 am | BusinessDesk
July 30 (BusinessDesk) - APN News & Media, the media group whose stable includes the New Zealand Herald newspaper, has appointed Greenhill Caliburn founder Peter Hunt as its new chairman. More >>
Abano FY profit falls sharply, result at top end of forecast
Monday, 30 July 2012, 11:45 am | BusinessDesk
July 30 (BusinessDesk) - Abano Healthcare Group's annual bottom line fell sharply but its results were near the top end of its forecasts. More >>
Abano FY profit falls sharply, result at top end of forecast
Monday, 30 July 2012, 11:45 am | BusinessDesk
July 30 (BusinessDesk) - Abano Healthcare Group's annual bottom line fell sharply but its results were near the top end of its forecasts. More >>
NZ Dollar Outlook: Kiwi may gain on hopes of Fed, EU support
Monday, 30 July 2012, 11:03 am | BusinessDesk
July 30 (BusinessDesk) - The New Zealand dollars may rise this week on speculation the European Central Bank and the Federal Open Market Committee will announce additional policy measures to shore up the global economy. More >>
NZX shares plunge 11% as softer earnings surprise market
Monday, 30 July 2012, 10:40 am | BusinessDesk
July 30 (BusinessDesk) - Shares in NZX plunged 11 percent after the stock exchange operator flagged a drop in first-half earnings amid tepid trading values and rising costs from its Clear Grain Exchange litigation and to cover the costs of installing ... More >>
NZX flags smaller 1H earnings on Clear litigation, CEO costs
Monday, 30 July 2012, 9:51 am | BusinessDesk
July 30 (BusinessDesk) - NZX, the stock exchange operator, expects smaller first-half earnings than a year earlier as it stumps up as much as $3 million to pay for its Clear Grain Exchange litigation and to cover the costs of installing a new chief ... More >>
NZ dollar climbs as Germany, France pledge support for euro
Monday, 30 July 2012, 8:31 am | BusinessDesk
NZ dollar climbs above 81 US cts as Germany, France pledge to support ECB action More >>
World Week Ahead: Central bankers go for gold
Monday, 30 July 2012, 7:15 am | BusinessDesk
July 30 (BusinessDesk) - All eyes will be on the US Federal Reserve and the European Central Bank in the coming days as investors await further clues on action to bolster economic growth and contain the euro zone crisis. ECB policy makers gather on Aug. ... More >>
MONEY TALKS: Trusting in capital markets, Blue Star-style
Friday, 27 July 2012, 5:56 pm | BusinessDesk
In case you missed it, the nearly 3,000 investors holding bonds in printing group Blue Star are facing a complete write-off of what little value they could ascribe to their notes. More >>
MARKET CLOSE: NZ shares rise amid global rally; Fletcher up
Friday, 27 July 2012, 5:41 pm | BusinessDesk
July 27 (BusinessDesk) - New Zealand shares rose for a third day, following a global rally as investors took heart Europe will take every step possible to address its burgeoning debt crisis. Fletcher Building paced gainers in anticipation of next week's ... More >>
Bridgecorp bondholders get second payment at 4.5 cents
Friday, 27 July 2012, 5:16 pm | BusinessDesk
July 27 (BusinessDesk) - Secured creditors of the failed finance company Bridgecorp are to receive a second payout from the receivers. More >>
NZ dollar holds gains on optimism ECB will act
Friday, 27 July 2012, 5:06 pm | BusinessDesk
July 27 (BusinessDesk) - The New Zealand dollar held its gains after joining a rally in “risk proxies” such as the kiwi on speculation the European Central Bank may act to bolster the common currency. More >>
Emirates, Korean Air join list of carriers to admit cartel
Friday, 27 July 2012, 4:16 pm | BusinessDesk
July 27 (BusinessDesk) - International airlines Emirates and Korean Air Lines have joined the list of carriers admitting liability in a long-running air cargo price fixing cartel, taking the total settlement to $21.4 million so far, leaving five ... More >>
Former Frucor head Mark Cowsill named to Hellaby board
Friday, 27 July 2012, 3:50 pm | BusinessDesk
July 27 (BusinessDesk) - Hellaby Holdings, the diversified investment group, named former Frucor Beverages head Mark Cowsill as an independent director. More >>
High Court irons out Perpetual Trust concerns over observers
Friday, 27 July 2012, 3:47 pm | BusinessDesk
July 27 (BusinessDesk) - The High Court has ironed out any confusion over the role of two court-appointed observers to funds caught up in related-party loans with the Pyne Gould Corp-managed Torchlight fund after Perpetual Trust sought an urgent hearing. More >>
National Finance verdict shows directors can't rely on execs
Friday, 27 July 2012, 1:00 pm | BusinessDesk
July 27 (BusinessDesk) - The guilty verdict against National Finance 2000 director Carol Anne Braithwaite is a warning to company directors not to rely on anyone's judgment but their own, says the Institute of Directors chief executive Ralph Chivers. More >>
NZ opportunities driving growth for Canada's Methanex
Friday, 27 July 2012, 12:44 pm | BusinessDesk
July 27 (BusinessDesk) - Methanex, the world's largest producer of methanol, says projects in New Zealand and Louisiana are driving the company's near-term growth, as it works to reopen its 900,000-tonne-a-year Waitara Valley plant. More >>
