Scoop has an Ethical Paywall
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 1359]
CORRECT: NZ unit of troubled Hastie Group to keep trading
Monday, 28 May 2012, 3:34 pm | BusinessDesk
May 28 (BusinessDesk) - Hastie Group's New Zealand commercial heating and ventilation businesses will operate as normal after its Australian-listed parent called in administrators, following losses which are being investigated by the Australian Securities and Investments ... More >>
NZ unit of troubled Hastie Group to keep trading
Monday, 28 May 2012, 2:05 pm | BusinessDesk
May 28 (BusinessDesk) - Hastie Group's New Zealand commercial heating and ventilation businesses will operate as normal after its Australian-listed parent called in administrators, following losses which are being investigated by the Australian Securities and Investments ... More >>
NZ Dollar Outlook: Kiwi may gain as Spain taps ECB funding
Monday, 28 May 2012, 12:47 pm | BusinessDesk
May 28 (BusinessDesk) - The New Zealand dollar may rise this week on speculation Spain will tap European Central Bank funding to bail out its banks and on signs that Greeks will accept EU-impose austerity measures as they head back to the polls. More >>
MIDDAY UPDATE: Xero offers payroll to Aussie customers
Monday, 28 May 2012, 12:19 pm | BusinessDesk
May 28 (BusinessDesk) – Xero has launched a payroll service for customers in Australia, 10 months after acquiring the Paycycle business across the Tasman for A$1.5 million in stock and cash. More >>
Goldman-Brookfield JV may profit on ex-Serepisos asset sales
Monday, 28 May 2012, 12:12 pm | BusinessDesk
May 28 (BusinessDesk) - A Goldman Sachs-Brookfield Asset Management joint venture stands to gain from the sale of properties once owned by Wellington developer Terry Serepisos after the JV bought a billion-dollar loan portfolio from Bank of Scotland ... More >>
Xero offers payroll service to Aust after Paycycle purchase
Monday, 28 May 2012, 12:11 pm | BusinessDesk
May 28 (BusinessDesk) – Xero has launched a payroll service for customers in Australia, 10 months after acquiring the Paycycle business across the Tasman for A$1.5 million in stock and cash. More >>
Energy Mad posts $1.1M loss, thanks investors for patience
Monday, 28 May 2012, 10:15 am | BusinessDesk
May 28 (BusinessDesk) - Energy Mad, the energy efficient light-bulb maker that went public in November, posted an annual loss of $1.1 million dollar compared to its initial public offering forecast for a $2.1 million profit, while thanking investors ... More >>
AWF to buy back shares in preparation for incentive scheme
Monday, 28 May 2012, 10:00 am | BusinessDesk
May 28 (BusinessDesk) – AWF Group, the contract labour company whose shares have soared 47 percent in the past year, will buy back 1.9 percent of its stock over the next 10 months so that it has a source of equity available to offer an executive ... More >>
NZ dollar rises as Spain eyes ECB finance for Bankia bailout
Monday, 28 May 2012, 8:57 am | BusinessDesk
May 28 (BusinessDesk) - The New Zealand dollar rose on speculation Spain may tap European Central Bank funding to bailout the recently nationalised lender, Bankia SA, to prevent a national banking sector collapse. More >>
MARKET CLOSE: NZ shares fall; F&P Healthcare down on outlook
Friday, 25 May 2012, 6:04 pm | BusinessDesk
May 25 (BusinessDesk) – New Zealand shares fell, led by Fisher & Paykel Healthcare, after the maker of breathing masks and respirators reported shrinking margins and the impact of a strong kiwi dollar on export sales. Other exporters, including Rakon ... More >>
NZOG pays US$3M to boost stake in offshore Taranaki permit
Friday, 25 May 2012, 5:50 pm | BusinessDesk
May 25 (BusinessDesk) - New Zealand Oil & Gas, the exploration company, will pay AGL Upstream Gas US$3 million to boost its stake and takeover as operator at Taranaki permit, Kaheru. More >>
NZ dollar holds gains as Fitch, Moody's give nod to budget
Friday, 25 May 2012, 5:21 pm | BusinessDesk
NZ dollar holds gains as Fitch, Moody's give budget the thumbs up, Euro woes settle More >>
MONEY TALKS: No silver lining in ballooning pension bill
Friday, 25 May 2012, 5:14 pm | BusinessDesk
It's not like we were expecting anything in the Budget that would make the country's scariest future liability a little less fearsome. I refer, of course, to tomorrow's pension bill. More >>
Addiction makes smokers easy game for tax hike: Treasury
Friday, 25 May 2012, 5:10 pm | BusinessDesk
May 25 (BusinessDesk) – Smokers’ "addictive nature" makes them easy game for a tax hike, according to the Treasury's regulatory impact statement on the pros and cons of raising the excise on tobacco that was announced in this week’s ... More >>
Zespri triples FY profit on record crop, falling Psa costs
Friday, 25 May 2012, 12:12 pm | BusinessDesk
May 25 (BusinessDesk) - Zespri International, which controls exports of New Zealand kiwifruit, almost tripled annual profit reflecting a record crop and costs in the year-earlier period to help the industry recover from the Psa vine bacteria. More >>
MIDDAY UPDATE: F&P Healthcare posts record FY sales
Friday, 25 May 2012, 11:59 am | BusinessDesk
May 25 (BusinessDesk) - Fisher & Paykel Healthcare, which makes respirators and sleep apnea products, reported record annual sales while profit growth, excluding a year-earlier tax charge, stalled as margins contracted. More >>
Tower appoints Sealord boss, accountant to board
Friday, 25 May 2012, 10:57 am | BusinessDesk
May 25 (BusinessDesk) - Tower, the insurance company controlled by Guinness Peat Group, appointed Sealord boss Graham Sturt and accountant Stephen Smith to its board. More >>
F&P Healthcare posts record FY sales, profit growth stalls
Friday, 25 May 2012, 10:50 am | BusinessDesk
May 25 (BusinessDesk) - Fisher & Paykel Healthcare, which makes respirators and sleep apnea products, reported record annual sales while profit growth, excluding a year-earlier tax charge, stalled as margins contracted. More >>
Tower 1H profit rises 83% as quake, liability costs fall
Friday, 25 May 2012, 9:57 am | BusinessDesk
May 25 (BusinessDesk) - Tower, the insurance firm controlled by Guinness Peat Group, boosted first-half profit 83 percent after the costs associated with the Canterbury earthquakes and policy contract liabilities fell, letting the company lift its dividend. More >>
NZ dollar rises after Monti says Greece likely to keep euro
Friday, 25 May 2012, 8:59 am | BusinessDesk
NZ dollar rises after Italy's Monti says Greece likely to keep euro, Wall Street gains More >>
