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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 1358]
Kiwi credit check firm, Veda, spreads wings in Arabian Gulf
Wednesday, 30 May 2012, 10:47 am | BusinessDesk
May 30 (BusinessDesk) - Auckland-based credit check bureau Veda is chasing opportunities in the Gulf states, with the announcement of a joint venture in Dubai with Saudi Arabian business partners. More >>
Restaurant Brands' Q4 sales fall 2.7% on lack of Double Down
Wednesday, 30 May 2012, 10:16 am | BusinessDesk
May 30 (BusinessDesk) - Restaurant Brands, which operates the local Pizza Hut, KFC and Starbucks brands, reported first-quarter sales fell 2.7 percent, reflecting the success of KFC's Double Down promotion a year earlier. More >>
Mainfreight posts record FY profit on NZ, Australia units
Wednesday, 30 May 2012, 10:09 am | BusinessDesk
May 30 (BusinessDesk) – Mainfreight, the biggest road transport company on the NZX 50 Index, posted record annual sales and profit on growth in New Zealand and Australia, while reporting that the Wim Bosman business missed an earn-out target. More >>
Fonterra mulls Dutch factory investment with A-Ware
Wednesday, 30 May 2012, 9:42 am | BusinessDesk
May 30 (BusinessDesk) - Fonterra Cooperative Group, the world's biggest dairy exporter, is looking at signing a deal with Netherlands-based A-Ware Food Group to set up a new European cheese and dairy ingredients factory. More >>
From the Farm: More changes for TAF?
Wednesday, 30 May 2012, 9:11 am | BusinessDesk
The final version of the Trading Among Farmers scheme is being mailed out to farmers this week, with voting papers and a special resolution to define the thresholds of the Fonterra Shareholders' Fund. They’ll see for the first time what tweaks have ... More >>
NZ dollar gains vs euro amid fears Spain will need a bailout
Wednesday, 30 May 2012, 9:02 am | BusinessDesk
NZ dollar gains vs euro amid fears Spain will seek a regional bailout for its banks More >>
While you were sleeping: Constructive US housing data
Wednesday, 30 May 2012, 7:39 am | BusinessDesk
May 30 (BusinessDesk) - Wall Street rose amid signs of a cautious recovery in the US housing market, keeping alive hopes that the world's largest economy might skirt the impact of Europe's ongoing debt troubles. More >>
Scales raises $25M to refinance T&G stake, mulls Enza merger
Tuesday, 29 May 2012, 3:50 pm | BusinessDesk
Scales raises $25.2 mln to refinance blocking stake in Turners & Growers, mulls Enza merger More >>
NZRU re-signs five All Blacks sponsors in bid to break even
Tuesday, 29 May 2012, 1:24 pm | BusinessDesk
NZRU re-signs five All Blacks sponsors in bid to break even next financial year More >>
Kiwi work-life balance tops global average: Regus
Tuesday, 29 May 2012, 12:56 pm | BusinessDesk
May 29 (BusinessDesk) – New Zealanders’ work-life balance is higher than the global average even as employees work harder and are more productive than two years ago, says flexible workplace provider Regus. More >>
Employers struggle to fill 50% of vacancies: ManpowerGroup
Tuesday, 29 May 2012, 12:25 pm | BusinessDesk
May 29 (BusinessDesk) – New Zealand employers struggled to fill about 50 percent of job vacancies in 2011, with a squeeze on engineers, skilled trade workers and sales representatives, according to ManpowerGroup's latest talent shortage survey. More >>
Munro puts lid on thankless saga to disestablish Wool Board
Tuesday, 29 May 2012, 12:24 pm | BusinessDesk
May 29 (BusinessDesk) – Wool Board Disestablishment Co has made its final report, having met its 2003 target for distributions in a decade-long process that left chairman Bruce Munro vowing never again to be involved in such a thankless, poorly paid task. More >>
MIDDAY UPDATE: Treasury seeks share sale brokers
Tuesday, 29 May 2012, 12:20 pm | BusinessDesk
May 29 (BusinessDesk) – The Treasury wants a list of brokers who will target retail investors in shares of partially privatised energy companies. More >>
Treasury seeks retail brokers for partial privatisations
Tuesday, 29 May 2012, 11:49 am | BusinessDesk
May 29 (BusinessDesk) - The Treasury wants a list of brokers who will target retail investors in shares of partially privatised energy companies. More >>
Strategic Finance investors get another 1.5 cents in dollar
Tuesday, 29 May 2012, 11:40 am | BusinessDesk
May 29 (BusinessDesk) - Investors in Strategic Finance got paid another 1.5 cents in every dollar they had put into the failed lender this month, and are still facing a best-case scenario of clawing back 26 percent of their principal, according to ... More >>
Hannah on SMEs: turn on savings by turning off lights
Tuesday, 29 May 2012, 10:12 am | BusinessDesk
May 28 (BusinessDesk) - I've never been one for the environment. Give me a shopping mall over a farm, stilettos over a pair of gumboots, a convertible over a tractor. I don't exactly epitomise New Zealand's clean, green, outdoor image. I thought I ... More >>
NZ dollar holds above 76 US cts, Greek instability settles
Tuesday, 29 May 2012, 8:29 am | BusinessDesk
NZ dollar holds above 76 US cents on prospects Greece will avoid a euro-exit More >>
While you were sleeping: Greek polls offer hope
Tuesday, 29 May 2012, 7:35 am | BusinessDesk
May 29 (BusinessDesk) - The euro bounced amid polls indicating rising support for Greek parties in favour of the country's international financial rescue, fuelling hope a break-up of the single currency can be avoided. More >>
MARKET CLOSE: NZ shares fall; F&P Healthcare falls
Monday, 28 May 2012, 5:59 pm | BusinessDesk
May 28 (BusinessDesk) – New Zealand shares fell, led by Fisher & Paykel Healthcare, as the company met analysts to discuss its annual results and an outlook that has disappointed some investors. Rakon bounced back from its lowest level this year. More >>
Kiwi above 76 US cts as Greek pro-bailout party leads polls
Monday, 28 May 2012, 5:17 pm | BusinessDesk
May 28 (BusinessDesk) - The New Zealand dollar rose above 76 US cents in local trading for the first time in a week after early Greek opinion polls showed the pro-bailout New Democracy party had the most support ahead of next month's general election. More >>
