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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 1339]
Rubicon shares jump on fully subscribed rights issue
Thursday, 5 July 2012, 12:10 pm | BusinessDesk
July 5 (BusinessDesk) - Forestry science and wood products investor Rubicon has completed its $21 million one-for-three rights issue, fully subscribed, with all shares taken up by existing shareholders at a slight premium to the issue price. More >>
MIDDAY UPDATE: NZ dollar hits record high vs euro
Thursday, 5 July 2012, 12:09 pm | BusinessDesk
July 5 (BusinessDesk) – The New Zealand dollar hit a record-high versus the euro after a report showed Germany’s service industry unexpectedly shrank last month, fuelling speculation the European Central Bank will cut interest rates. More >>
PMP in trading halt pending statement on TMA takeover bid
Thursday, 5 July 2012, 12:00 pm | BusinessDesk
July 5 (BusinessDesk) – Shares of ASX-listed printer PMP were halted ahead of a statement relating to the "highly conditional" takeover offer made by TMA Group. More >>
DNZ lifts contracted rentals, extends lease term
Thursday, 5 July 2012, 11:30 am | BusinessDesk
July 5 (BusinessDesk) - DNZ Property Fund said leasing transactions in the March quarter have increased its contracted annual rentals by 0.6 percent and lifted its weighted average lease term (WALT) to 5.6 years at June 30 from 5.4 years three months ... More >>
Todd Corp names Bruce Wood as director
Thursday, 5 July 2012, 9:52 am | BusinessDesk
July 5 (BusinessDesk) - Todd Corp, the holding company for New Zealand’s wealthiest family, has announced former AWE managing director Bruce Wood will join its board. Woods headed the Australian-based oil and gas exploration company, AWE from 2007 ... More >>
NZ dollar hits record high vs. euro as central banks meet
Thursday, 5 July 2012, 8:31 am | BusinessDesk
July 5 (BusinessDesk) - The New Zealand dollar hit a record high verse the euro after a report showed Germany's service industry unexpectedly shrank last month, adding to speculation that the European Central Bank will cut interest rates. More >>
While you were sleeping: German bunds rock
Thursday, 5 July 2012, 7:22 am | BusinessDesk
July 5 (BusinessDesk) – Investors were reluctant to commit fresh funds to equities before the European Central Bank announces a decision on interest rates tomorrow. However, appetite for German bunds was strong. More >>
From the Farm: Did MAF, Zespri precipitate Psa?
Thursday, 5 July 2012, 7:15 am | BusinessDesk
A review of New Zealand import requirements and border processes in the wake of the devastating arrival of the virulent Psa-V bacteria on the kiwifruit industry makes sobering reading. Not because it will gather dust on a shelf – the department, ... More >>
MARKET CLOSE: NZ shares rally; Telecom climbs
Wednesday, 4 July 2012, 5:56 pm | BusinessDesk
July 4 (BusinessDesk) - New Zealand shares rose, pushing the NZX 50 Index to a two-month high, with volumes dominated by Telecom after the government named a regulator seen as more benign and a US fund lifted its stake in the biggest company on the exchange. More >>
NZ dollar holds near multi-month highs vs euro, pound
Wednesday, 4 July 2012, 5:24 pm | BusinessDesk
NZ dollar holds near multi-month highs vs euro, pound as central bank meetings loom More >>
ETS changes kill appetite for forestry ‘carbon farming’
Wednesday, 4 July 2012, 3:40 pm | BusinessDesk
July 4 (BusinessDesk) - Changes to the emissions trading scheme will stop investment in one of New Zealand's most important sources of future carbon emissions reduction - forestry "carbon farming", says Carbon Farm chief executive Murray McClintock. More >>
BAT’s tobacco tax payments equal SOE dividends
Wednesday, 4 July 2012, 3:35 pm | BusinessDesk
BAT’s tobacco tax payments worth as much as NZ government returns from all SOEs in 2011 More >>
NZ Laboratory sold to another French owner, Eurofins
Wednesday, 4 July 2012, 1:58 pm | BusinessDesk
July 4 (BusinessDesk) - Eurofins Scientific, the French bio-analytical testing firm, has acquired New Zealand Laboratory Services from another French firm for an undisclosed amount. More >>
TrustPower looks to raise as much as $125M in bond sale
Wednesday, 4 July 2012, 12:35 pm | BusinessDesk
TrustPower looks to raise as much as $125M in bond sale, roll over $75M of debt More >>
MIDDAY UPDATE: NZ dollar holds near 2-mth high
Wednesday, 4 July 2012, 11:59 am | BusinessDesk
July 4 (BusinessDesk) – The New Zealand dollar held near a two-month high after US factory orders beat expectations, helping lift equity markets and risk appetite. More >>
Busiest June in 5 years, says Auckland realtor Barfoot
Wednesday, 4 July 2012, 11:11 am | BusinessDesk
July 4 (BusinessDesk) - The Auckland housing market had its strongest June in five years, with the average sale price hitting a record-high, according to the city's biggest real estate firm. More >>
Stephen Gale named NZ telecommunications regulator
Wednesday, 4 July 2012, 10:49 am | BusinessDesk
July 04 (BusinessDesk) - Communications Minister Amy Adams has passed over incumbent Telecommunications Commissioner Ross Patterson, appointing one of his deputies to the role. More >>
NZX cash market trading falls 11.2%, 6th monthly drop
Wednesday, 4 July 2012, 9:15 am | BusinessDesk
July 4 (BusinessDesk) - The value of trading in NZX’s cash markets fell 11.2 percent in June from a year earlier, the sixth monthly decline. More >>
NZ dollar holds near two-month high after US factory orders
Wednesday, 4 July 2012, 8:43 am | BusinessDesk
July 4 (BusinessDesk) - The New Zealand dollar held near a two-month high after US factory orders beat expectations, helping lift equity markets and risk appetite. More >>
While you were sleeping: US factory orders surprise
Wednesday, 4 July 2012, 7:34 am | BusinessDesk
July 4 (BusinessDesk) – A bigger-than-expected jump in US factory orders helped propel Wall Street in a day of trading shortened before a national holiday, supported by optimism that help from policy makers is at hand. More >>
