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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 1346]
MARKET CLOSE: NZ shares fall, paced by Fletcher, Telecom
Thursday, 21 June 2012, 5:57 pm | BusinessDesk
June 21 (BusinessDesk) - New Zealand shares fell, paced by the biggest companies on the bourse – Telecom, Fletcher Building and Auckland International Airport – after the Federal Reserve offered less stimulus in the US than had been hoped. More >>
Comvita rewards loyal beekeepers with bonus share issue
Thursday, 21 June 2012, 5:23 pm | BusinessDesk
June 21 (BusinessDesk) - Comvita, which makes products based on the virtues of honey, will reward shareholding beekeepers with a bonus issue after buying the stock on market. More >>
From the Farm: TAF down to the wire
Thursday, 21 June 2012, 3:41 pm | BusinessDesk
It seems odd to me that Fonterra’s plain-speaking chief executive Theo Spierings is caught up in the argey-bargey about the merits of Trading Among Shareholders in the run up to this crucial vote. More >>
CORRECT: Metlifecare shareholders back amended Vision deal
Thursday, 21 June 2012, 2:15 pm | BusinessDesk
June 21 (BusinessDesk) - Metlifecare shareholders have voted in favour of an amended merger proposal, after the retirement village operator reduced the amount of shares it will use to pay for the deal and abandoned plans to raise new equity capital. More >>
Traders stop bets on rate cut as NZ GDP beats estimates
Thursday, 21 June 2012, 1:35 pm | BusinessDesk
Traders stop betting on rate cut as NZ economy grows at twice the expected pace More >>
Metlifecare shareholders vote in favour of amended merger
Thursday, 21 June 2012, 12:33 pm | BusinessDesk
June 21 (BusinessDesk) - Metlifecare shareholders have voted in favour of an amended merger proposal, after the retirement village operator reduced the amount of shares it will use to pay for the deal and abandoned plans to raise new equity capital. More >>
Solid Energy closes Huntly East mine on methane build-up
Thursday, 21 June 2012, 12:24 pm | BusinessDesk
June 21 (BusinessDesk) - The newly beefed-up mines inspectorate has issued a Prohibition Notice to stop mining at Solid Energy's Huntly East underground coal extraction operation after identifying a methane build-up in a recently mined area. More >>
MIDDAY UPDATE: Kiwi dollar kicks up on strong growth numbers
Thursday, 21 June 2012, 12:11 pm | BusinessDesk
MIDDAY UPDATE: NZ dollar jumps to 80 US cents as GDP expands at twice expected pace More >>
CORRECT: NZ economy grows 1.1% in 1Q, twice expected pace
Thursday, 21 June 2012, 11:26 am | BusinessDesk
CORRECT: NZ economy grows 1.1% in 1Q, twice expected pace; kiwi dollar jumps above 80 cents More >>
NZ dollar jumps to 80 US cents as GDP growth beats estimates
Thursday, 21 June 2012, 11:18 am | BusinessDesk
NZ dollar jumps to 80 US cents as GDP expands at twice expected pace By Hannah Lynch More >>
Chorus local loop backlash: Regulator extends consultations
Thursday, 21 June 2012, 11:10 am | BusinessDesk
June 21 (BusinessDesk) - The Commerce Commission is extending consultations on its draft regulations for the traditional copper telecommunications network after a backlash from the investment community, who fear its initial thinking will stifle the uptake ... More >>
NZ economy grows 1.1% in 1Q, twice expected pace; kiwi jumps
Thursday, 21 June 2012, 10:54 am | BusinessDesk
NZ economy grows 1.1% in 1Q, twice expected pace; kiwi dollar jumps above 80 cents More >>
Renaissance sells IT distribution unit to Exeed
Thursday, 21 June 2012, 10:24 am | BusinessDesk
June 21 (BusinessDesk) - Renaissance Corp, which used to have a monopoly on national distribution of Apple products, will sell its IT distribution division to Exeed Limited, halving the size of its balance sheet. More >>
APN buys 82% of brandsExclusive for A$36M upfront
Thursday, 21 June 2012, 10:07 am | BusinessDesk
APN buys 82% of brandsExclusive for A$36M upfront, plus A$30M tied to earnings target More >>
Metlifecare amends merger deal, halves shares to Vision
Thursday, 21 June 2012, 9:40 am | BusinessDesk
June 21 (BusinessDesk) - Metlifecare has amended the terms of its merger proposal again, halving the shares it will issue to Vision Senior Living and flagging possible property sales as a way to repay debt rather than raising equity from third parties. More >>
Zintel sells service company Cogent for $1 million
Thursday, 21 June 2012, 9:35 am | BusinessDesk
June 21 (BusinessDesk) - Zintel Group, the NZAX-listed telecommunications company, has announced the sale of its subsidiary company, Zintel Cogent, for $1 million effective July 2. More >>
NZ dollar holds near 7-wk high after fed stimulus, GDP looms
Thursday, 21 June 2012, 8:51 am | BusinessDesk
June 21 (BusinessDesk) - The New Zealand dollar held near a seven-week high after the Federal Reserve extended its stimulus measures less than some traders expected and ahead of figures expected to show a modest pickup in the local economy. More >>
While you were sleeping: Fed move disappoints
Thursday, 21 June 2012, 7:30 am | BusinessDesk
June 21 (BusinessDesk) – Wall Street showed disappointment with the Federal Reserve’s limited help to bolster the tepid pace of growth in the world’s largest economy, even as Chairman Ben Bernanke promised policy makers were ready to do whatever needed. More >>
NZ dollar pares gains on wider current account deficit
Wednesday, 20 June 2012, 5:37 pm | BusinessDesk
June 20 (BusinessDesk) - The New Zealand dollar pared gains from a seven-week high after the current account deficit widened more than expected in the first quarter and traders await the Federal Reserve's monetary policy meeting which may unveil ... More >>
NZOG to target $35M annual exploration spend
Wednesday, 20 June 2012, 3:56 pm | BusinessDesk
June 20 (BusinessDesk) - New Zealand Oil & Gas is telling investors it is entering a new phase now that it's in a position to start trying to extract value from the portfolio of oil and gas exploration acreages it's built up over the past two or ... More >>
