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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 1354]
Xero, Diligent shares rise in anticipation of joining NZX 50
Thursday, 7 June 2012, 11:22 am | BusinessDesk
June 7 (BusinessDesk) - Shares in Xero and Diligent Board Member Services rallied today after the locally-listed tech-companies were flagged as the latest entrants to the benchmark NZX 50 index. More >>
Auckland Airport trims 2013 international passenger fees
Thursday, 7 June 2012, 11:02 am | BusinessDesk
June 7 (BusinessDesk) - Auckland International Airport, which is targeting Asian arrivals to stoke growth over the next decade, will trim its international passenger fees in the 2013 financial year, while hiking domestic travellers' charges as part ... More >>
Rangatira profit falls 32% on lower return from asset sales
Thursday, 7 June 2012, 10:54 am | BusinessDesk
June 7 (BusinessDesk) – Rangatira posted a 32 percent decline in net profit reflecting lower returns from asset sales and forecast little earnings growth for the coming year amid a "weak and unstable global outlook." More >>
NZ dollar climbs almost 1 US ct on hopes of Spanish bailout
Thursday, 7 June 2012, 9:01 am | BusinessDesk
NZ dollar climbs almost 1 US cent on hopes of Spanish bank bailout, EU stimulus More >>
Retail funds, capital-raising fees help Craigs double profit
Thursday, 7 June 2012, 8:33 am | BusinessDesk
June 7 (BusinessDesk) – Craigs Investment Partners more than doubled its profit last year as the brokerage half owned by Deutsche Bank benefited from KiwiSaver inflows and reaped fees from equity and debt capital raisings. More >>
While you were sleeping: Focus on Spanish relief
Thursday, 7 June 2012, 7:29 am | BusinessDesk
June 7 (BusinessDesk) - Equities advanced amid expectations that policymakers are gearing up to bail out Spain in an effort to help curtail the impact of Europe's debt crisis on the pace of global growth. More >>
Lepionka to step down as Charlie's CEO
Wednesday, 6 June 2012, 2:05 pm | BusinessDesk
June 6 (BusinessDesk) - Charlie's, the juice and soft drink maker sold to Asahi Group last year, said co-founder Stefan Lepionka will step down as chief executive, effective July 31. More >>
CBL Insurance disappointed with S&P rating cut
Wednesday, 6 June 2012, 12:52 pm | BusinessDesk
June 6 (BusinessDesk) – CBL Insurance, which offers insurance products ranging from builders’ bonds to travel and cargo underwriting, says it is disappointed with the decision by Standard & Poor’s to cut its credit rating following the ... More >>
No-show from oil protest iwi when it had the chance: Crown
Wednesday, 6 June 2012, 12:45 pm | BusinessDesk
June 6 (BusinessDesk) - The East Cape iwi at the centre of an attempt to overturn oil exploration licences granted to Brazilian oil giant Petrobras chose not to engage with government officials when the chance arose to raise concerns over deep-sea exploration, ... More >>
NZ residential building activity falls in March quarter
Wednesday, 6 June 2012, 12:17 pm | BusinessDesk
June 06 (BusinessDesk) - New Zealand's house building activity shrank in the first three months of the year as most new work was largely in non-residential construction. More >>
MIDDAY UPDATE: NZ reaps more tax than forecast
Wednesday, 6 June 2012, 11:58 am | BusinessDesk
June 6 (BusinessDesk) - The New Zealand government took in $772 million more tax than expected in the first 10 months of the fiscal year as Personal Investment Entities grew faster than anticipated. There were fewer refunds of goods and services tax. More >>
Busiest month of May in 7 years for Auckland realtor Barfoot
Wednesday, 6 June 2012, 11:19 am | BusinessDesk
June 6 (BusinessDesk) - The Auckland housing market had its strongest month of May in seven years, with the average sale price hitting a record high. More >>
NZ reaps more tax in first 10 months of year on PIE growth
Wednesday, 6 June 2012, 11:07 am | BusinessDesk
NZ reaps more tax in first 10 months of year on PIE growth, fewer GST refunds More >>
NZX value of cash market trading falls 13.2% in May
Wednesday, 6 June 2012, 10:17 am | BusinessDesk
June 6 (BusinessDesk) - The value of trading in NZX’s cash markets fell 13.2 percent in May from a year earlier, the fifth monthly decline. More >>
NZ dollar falls as G7 leaders give no guidance on Europe
Wednesday, 6 June 2012, 8:47 am | BusinessDesk
June 6 (BusinessDesk) - The New Zealand dollar fell after the leaders of the Group of Seven nations agreed to a coordinated response to Europe’s deteriorating financial crisis, though gave no guidance on how to do so, leaving investors wary of a potential ... More >>
While you were sleeping: US services sector expands
Wednesday, 6 June 2012, 6:58 am | BusinessDesk
June 6 (BusinessDesk) - Wall Street opted to focus on data showing the US services industry unexpectedly grew last month, underpinning hopes that American corporate profits can sustain growth in the face of the European debt crisis. More >>
Hannah on SMEs: Advertising: you can't escape it
Tuesday, 5 June 2012, 6:17 pm | BusinessDesk
June 5 (BusinessDesk) - Advertising: it's everywhere from the back of a bus to your cereal box. You can't escape it. More >>
MARKET CLOSE: NZ shares fall; investors eye Telecom rivals
Tuesday, 5 June 2012, 5:46 pm | BusinessDesk
June 5 (BusinessDesk) - New Zealand shares fell, as the weight of Telecom, the biggest company on the exchange, held back the NZX 50 Index in the face of a region-wide rebound. Telecom rivals Telstra and Vodafone today confirmed they're in talks to ... More >>
NZ dollar falls vs. Aussie dollar after RBA's 25 point cut
Tuesday, 5 June 2012, 5:23 pm | BusinessDesk
June 5 (BusinessDesk) - The New Zealand dollar fell versus the Australian dollar after the Reserve Bank of Australia cut its target cash rate by 25 basis points as deteriorating global sentiment keeps interest rates low. More >>
MYOB sees untapped potential for New Zealand growth
Tuesday, 5 June 2012, 5:04 pm | BusinessDesk
June 5 (BusinessDesk) - MYOB, the payment solutions software firm that competes with Xero, wants to build on its dominant New Zealand market position, and sees prospects for growth from an as-yet untapped market as it shifts its customers to cloud-based ... More >>
