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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 1365]
Rakon shares fall 13% as full-year earnings decline
Thursday, 17 May 2012, 11:49 am | BusinessDesk
May 17 (BusinessDesk) – Rakon shares tumbled 13 percent after the manufacturer of crystal oscillators used in mobile phones and navigation systems said a high kiwi dollar and weaker demand from the telecommunications industry weighed on full-year ... More >>
NZ producers receive lower prices in 1Q
Thursday, 17 May 2012, 11:37 am | BusinessDesk
May 17 (BusinessDesk) - New Zealand producers were squeezed in the first quarter, receiving lower prices for their products as global commodity prices fell and the kiwi dollar remained strong, while their input prices rose. The Producers Price Index's ... More >>
Ryman shares reach record high as profits rise
Thursday, 17 May 2012, 10:54 am | BusinessDesk
Ryman shares reach record high as rest-home operator rounds out decade of profit growth More >>
Briscoe Group to pay special dividend, Duke to reap $16.7M
Thursday, 17 May 2012, 10:42 am | BusinessDesk
May 17 (BusinessDesk) – Briscoe Group, the homeware and sporting goods retailer, will pay a special dividend of 10 cents a share, generating a windfall of about $16.7 million for managing director and controlling shareholder Rod Duke. More >>
Goodman Property earnings fall 4.1% as tax bill rises
Thursday, 17 May 2012, 10:40 am | BusinessDesk
May 17 (BusinessDesk) - Goodman Property Trust, which owns the Highbrook Business Park in Auckland, reported lower distributable earnings as it faced a bigger tax bill after the government changed the treatment of depreciation in 2010. More >>
Ryman posts record FY profit, beats guidance
Thursday, 17 May 2012, 9:28 am | BusinessDesk
May 17 (BusinessDesk) - Ryman Healthcare, New Zealand’s largest retirement village operator, posted a 17 percent increase in underlying profit to a record, beating guidance, after it sped up its building programme to meet demand for units. More >>
From The Farm: Single Male in Auckland
Thursday, 17 May 2012, 8:44 am | BusinessDesk
What a lonely life the single male Queensland fruit fly led before being caught in a routine fortnightly check in a trap in Avondale. No others have been found in any of Biosecurity New Zealand’s 7,500 traps nationwide. More >>
NZ dollar falls as ECB halts loans to Greek banks
Thursday, 17 May 2012, 8:43 am | BusinessDesk
May 17 (BusinessDesk) - The New Zealand dollar fell to a five-month low after the European Central Bank said it will temporarily stop lending to Greece's banks, damping investors' appetite for risk-sensitive assets. More >>
While you were sleeping: Greek troubles weigh
Thursday, 17 May 2012, 7:29 am | BusinessDesk
May 17 (BusinessDesk) - Shares on Wall Street were mixed as the European sovereign debt crisis weighed on more optimistic indicators about the outlook closer to home. More >>
MARKET CLOSE: NZ shares fall; Sky TV down on regulator probe
Wednesday, 16 May 2012, 6:03 pm | BusinessDesk
May 16 (BusinessDesk) - New Zealand shares fell, led by the News Corp-controlled Sky Network Television after the regulator said it will investigate the pay-TV company's content deals with internet service providers. Fisher & Paykel Healthcare led ... More >>
AWF FY profit falls 23% on goodwill writedown, sales gain
Wednesday, 16 May 2012, 6:00 pm | BusinessDesk
May 16 (BusinessDesk) - AWF Group, the contract labour company, reported a 23 percent fall in net profit as it wrote down the value of its goodwill, even as it lifted sales by 19 percent. More >>
Wellington Drive sees profit in 2013, first since listing
Wednesday, 16 May 2012, 5:37 pm | BusinessDesk
May 16 (BusinessDesk) - Wellington Drive Technologies is forecasting a profit in 2013, the first since listing on the NZX in 2001, as its turnaround cost cutting drive starts to widen the margin on sales of its energy efficient refrigeration motors. More >>
NZ dollar falls to 4 1/2 mth low on talk of Greek euro exit
Wednesday, 16 May 2012, 5:22 pm | BusinessDesk
NZ dollar falls to 4 1/2 mth low amid concerns Greece will give up the euro More >>
MediaWorks joins queue of Igloo critics
Wednesday, 16 May 2012, 4:07 pm | BusinessDesk
May 16 (BusinessDesk) - A tie-up between pay-TV operator Sky Network Television and state-owned Television New Zealand will hamper competition in the pay-TV market and undermine free-to-air broadcasters, according to private equity-owned rival MediaWorks. More >>
Oyang 77 captain, manager charged in NZ over fish dumping
Wednesday, 16 May 2012, 1:26 pm | BusinessDesk
May 16 (BusinessDesk) - The skipper and factory manager of the Oyang 77, a fishing vessel part-owned by South Korea’s biggest fishing company, will face 13 charges of misreporting and illegal dumping of fish, the Ministry of Primary Industries says. More >>
Quickflix welcomes probe of Sky TV content deals
Wednesday, 16 May 2012, 12:56 pm | BusinessDesk
Quickflix welcomes probe of Sky TV content deals it says freeze out rivals By Paul McBeth More >>
Kiwi Income has $89.2M profit, distributable income up 4.2%
Wednesday, 16 May 2012, 12:14 pm | BusinessDesk
May 16 (BusinessDesk) - Kiwi Income Property Trust's manager said the property investor turned to an $89.2 million annual net profit from a $26.4 million loss, reflecting the insurance payout on its PricewaterhouseCoopers building in Christchurch offset ... More >>
MIDDAY UPDATE: Regulator probes Sky TV content deals
Wednesday, 16 May 2012, 12:04 pm | BusinessDesk
May 16 (BusinessDesk) – The Commerce Commission has launched a probe into Sky Network Television’s content contracts with internet service providers that may be hindering competition in New Zealand’s pay-TV market. More >>
Smokes, booze and property tax breaks prime Budget targets
Wednesday, 16 May 2012, 10:35 am | BusinessDesk
May 15 (BusinessDesk) – Finance Minister Bill English may hike the excise on tobacco and alcohol and further tighten rules on property investment to help bridge the $640 million shortfall in his pledge to return to budget surplus in 2015. More >>
Hannah on SMEs: It's lonely at the top
Wednesday, 16 May 2012, 10:21 am | BusinessDesk
May 15 (BusinessDesk) - Small business owners know all about being lonely. It’s an isolating position to be in once the excitement of being your own boss wears off. Yes, you pick your own hours, bringing freedom, independence and flexibility but ... More >>
