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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 1344]
CORRECTION: Allied Nationwide extends loan to parent
Monday, 25 June 2012, 5:51 pm | BusinessDesk
June 25 (BusinessDesk) - Allied Nationwide Finance, in receivership has agreed to extend a $13.4 million loan to its parent Allied Farmers for a year. More >>
MARKET CLOSE: NZ shares rise as Fonterra farmers approve TAF
Monday, 25 June 2012, 5:36 pm | BusinessDesk
June 25 (BusinessDesk) - New Zealand shares rose led by Heartland and the NZX, after Fonterra Cooperative Group’s farmers confirmed the creation of tradable securities linked to dairy co-operative. More >>
NZ dollar falls as EU agree to spur growth
Monday, 25 June 2012, 5:19 pm | BusinessDesk
June 25 (BusinessDesk) - The New Zealand dollar fell amid concern the debt crisis is spreading as European leaders continue to increase the region's borrowing costs, agreeing to a 130 billion euro growth plan. More >>
NZ Post ends courier joint-venture with DHL after 8 years
Monday, 25 June 2012, 4:59 pm | BusinessDesk
June 25 (BusinessDesk) - New Zealand Post said it is ending its joint-venture courier arrangements with DHL after eight years, by buying its partner out. More >>
UPDATED: Fonterra says it has ‘clear mandate’ for TAF
Monday, 25 June 2012, 4:50 pm | BusinessDesk
UPDATED: Fonterra says it has ‘clear mandate’ for TAF after gaining 66.45% support from farmers More >>
Huntly East coal mine back in full production
Monday, 25 June 2012, 4:44 pm | BusinessDesk
June 25 (BusinessDesk) - Solid Energy's Huntly East underground coal mine has resumed full operations after almost five days of partial closures and inspections following the discovery of elevated methane levels in a newly worked part of the mine. More >>
FMA to consult on KiwiSaver sales and distribution
Monday, 25 June 2012, 4:37 pm | BusinessDesk
June 25 (BusinessDesk) - The Financial Markets Authority will consult on the draft guidance for the sale and distribution of KiwiSaver products. More >>
Fonterra farmers split vote, approve TAF but not protections
Monday, 25 June 2012, 4:24 pm | BusinessDesk
June 25 (BusinessDesk) - Fonterra Cooperative Group’s farmers have split their vote, saying yes to the Trading Among Shareholders scheme, with 66.45 percent approval, but missing the 75 percent approval required for constitutional changes that were ... More >>
Quandary for Fonterra as farmers' contradictory TAF vote
Monday, 25 June 2012, 4:11 pm | BusinessDesk
June 25 (BusinessDesk) - Fonterra directors face a quandary after two-thirds of farmer shareholders voted to support the controversial Trading Among Farmers scheme, but failed to support constitutional changes which were intended to give them protections ... More >>
Auckland Airport flags 44% increase in Chinese arrivals
Monday, 25 June 2012, 3:38 pm | BusinessDesk
June 25 (BusinessDesk) - Auckland International Airport, which is targeting Asian arrivals to stoke growth over the next decade, flagged a 44.4 percent increase in Chinese arrivals in May even as international passenger numbers fell. More >>
Canterbury confidence rallies as rest of NZ falls in 2Q
Monday, 25 June 2012, 3:02 pm | BusinessDesk
June 25 (BusinessDesk) - New Zealand regional economic confidence fell in the second quarter, except in Canterbury, where optimism rallied to pre-earthquake levels. More >>
Chinese arrivals rocket at Auckland airport, total pax fall
Monday, 25 June 2012, 3:00 pm | BusinessDesk
June 25 (BusinessDesk) - Auckland International Airport, which is targeting Asian arrivals to stoke growth over the next decade, saw a 44.4 percent increase in Chinese arrivals in May over the same month last year, even as international passenger numbers ... More >>
Fiji's Air Pacific back in the black after two year turnaround
Monday, 25 June 2012, 2:56 pm | BusinessDesk
June 25 (BusinessDesk) - Fiji's national airline, Air Pacific, has returned its first operating profit since plunging to a F$91.8 million loss two years ago, declaring a group surplus before tax of F$13.4 million for the year to March 31, compared with an operating loss of F$3.7 million a year earlier. More >>
Pay offers climbing fastest in Canterbury, says jobs site
Monday, 25 June 2012, 2:50 pm | BusinessDesk
June 25 (BusinessDesk) - Salaries in Canterbury climbed an average 3.6 percent in the first six months of 2012, bucking the national trend, says online job advertiser Seek. More >>
TAF vote update: Fonterra outsiders get a voice, not a vote
Monday, 25 June 2012, 2:34 pm | BusinessDesk
June 25 (BusinessDesk) - Outside investors who get a share of Fonterra Cooperative Group’s profits by owning units in its proposed shareholders’ fund will have a voice in the running of New Zealand’s biggest company, but not a vote, chairman ... More >>
Allied Farmers wears more post-Hanover cost and delay
Monday, 25 June 2012, 2:32 pm | BusinessDesk
Allied Farmers wears more post-Hanover cost and delay June 25 (BusinessDesk) - Allied Farmers has agreed to extend a $13.4 million loan to its failed finance arm for a year, and expects to write off a further $1.8 million on the value of property inherited ... More >>
Fears new law will kill financial advice marketing
Monday, 25 June 2012, 1:24 pm | BusinessDesk
June 25 (BusinessDesk) - Financial advisers fear the Financial Markets Conduct Bill will kill their ability to market directly to prospective customers by banning unsolicited meetings. More >>
Mighty River gains consents for Puketoi wind farm
Monday, 25 June 2012, 1:07 pm | BusinessDesk
June 25 (BusinessDesk) - State-owned MightyRiverPower has been granted resource consents for a prosed 53 turbine wind farm on the Puketoi Range, but weak electricity demand means the site is unlikely to be developed for some time. More >>
MIDDAY UPDATE: Rebuild boosts confidence, pay rates in Chch
Monday, 25 June 2012, 12:14 pm | BusinessDesk
June 25 (BusinessDesk) - New Zealand regional economic confidence fell in the second quarter, except in Canterbury, where optimism rallied to pre-earthquake levels as the Christchurch rebuild starts to take hold. More >>
Canterbury confidence rallies as rest of NZ falls in 2Q
Monday, 25 June 2012, 12:05 pm | BusinessDesk
June 25 (BusinessDesk) - New Zealand regional economic confidence fell in the second quarter, except in Canterbury, where optimism rallied to pre-earthquake levels. More >>
