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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 1378]
Augusta Capital's portfolio fell $1.38m in year ended March
Tuesday, 24 April 2012, 10:24 am | BusinessDesk
April 24 (BusinessDesk) - Augusta Capital, formerly Kermadec Property Fund, has seen its property portfolio's value fall by 1 percent, or $950,000, since September last year, taking the annual loss to $1.38 million. More >>
Henry plays hardball on Hydromet takeover after securing 25%
Tuesday, 24 April 2012, 9:30 am | BusinessDesk
April 24 (BusinessDesk) – Chempro Logistics director Simon Henry won’t budge on his offer to buy ASX- Hydromet Corp after securing acceptances that take his stake to almost a quarter of the listed industrial waste recycler. More >>
NZ dollar falls as euro-zone data erode risk appetite
Tuesday, 24 April 2012, 8:55 am | BusinessDesk
April 24 (BusinessDesk) – The New Zealand dollar fell after weaker euro-zone manufacturing and services data and a collapse in Dutch budget talks sapped investors’ risk appetite. Stocks fell in Europe and the US. More >>
While you were sleeping: Euro stuff hits the fan
Tuesday, 24 April 2012, 7:24 am | BusinessDesk
April 24 (BusinessDesk) - A slew of worrying news from Europe hammered equities in the euro zone and on Wall Street. The euro suffered too. More >>
Govt hasn't sought the numbers yet for pokies deal: Key
Monday, 23 April 2012, 6:15 pm | BusinessDesk
April 23 (BusinessDesk) – Prime Minister John Key has yet to discuss the contentious Sky City Convention Centre expansion deal with the government’s support parties United Future and Act. More >>
Dollar falling, PM Key calls intervention ‘la la land stuff’
Monday, 23 April 2012, 5:41 pm | BusinessDesk
April 23 (BusinessDesk) – The New Zealand dollar drifted lower today as Prime Minister John Key dismissed calls for intervention to weaken it the stuff of “la la land”. More >>
Dollar falling, PM Key calls intervention ‘la la land stuff’
Monday, 23 April 2012, 5:40 pm | BusinessDesk
April 23 (BusinessDesk) – The New Zealand dollar drifted lower today as Prime Minister John Key dismissed calls for intervention to weaken it the stuff of “la la land”. More >>
MARKET CLOSE: NZ shares fall; Cavalier extends slide, TEL up
Monday, 23 April 2012, 5:39 pm | BusinessDesk
April 23 (BusinessDesk) – New Zealand shares fell, led by Cavalier, which dropped to a three-year low following its profit warning last week. Telecom rose after naming Auckland International Airport boss Simon Moutter as its new chief executive. More >>
John Balmforth vacates AMI top spot as IAG beds in
Monday, 23 April 2012, 4:43 pm | BusinessDesk
April 23 (BusinessDesk) - AMI Insurance, the Christchurch-based firm that was forced to seek a government bailout in the wake of the Canterbury earthquakes, said its chief executive John Balmforth will step down after 17 years at the company’s helm. More >>
Govt to contract for schools maintenance; Wellington first
Monday, 23 April 2012, 4:28 pm | BusinessDesk
April 23 (BusinessDesk) – Wellington will be at the front of the queue for a nationwide undertaking to work out the future cost of maintaining the country’s schools. More >>
Govt to contract for schools maintenance; Wellington first
Monday, 23 April 2012, 4:28 pm | BusinessDesk
April 23 (BusinessDesk) – Wellington will be at the front of the queue for a nationwide undertaking to work out the future cost of maintaining the country’s schools. More >>
Fonterra blames media-savvy minority for extra vote on TAF
Monday, 23 April 2012, 2:43 pm | BusinessDesk
April 23 (BusinessDesk) – Fonterra Cooperative Group will go back to shareholders one last time to get its Trading Among Farmers scheme over the line, after finding disquiet among global customers about apparent farmer opposition to the initiative. More >>
NZ employees on the hunt for new jobs, Kelly survey shows
Monday, 23 April 2012, 2:37 pm | BusinessDesk
April 23 (BusinessDesk) – New Zealand employers may struggle to retain workers over the next 12 months, with 68 percent of employees likely to be looking for a new job, according to the Kelly Global Workforce Index. More >>
Jade Software narrows annual loss on $8.5M Empower sale
Monday, 23 April 2012, 12:24 pm | BusinessDesk
April 23 (BusinessDesk) – Jade Software Corp, the Christchurch-based software developer, narrowed its annual loss after selling off trans-Tasman human resource and payroll business Empower HR for $8.5 million. More >>
MIDDAY UPDATE: NZ dollar may fall in rate review week
Monday, 23 April 2012, 12:00 pm | BusinessDesk
April 23 (BusinessDesk) – The New Zealand dollar may finish the week lower as investors push out expectations on the timing of Reserve Bank interest rate hikes because a high kiwi and modest economic recovery are keeping inflation well within the bank’s ... More >>
NZ Dollar Outlook: Kiwi may fall as rates seen staying low
Monday, 23 April 2012, 11:49 am | BusinessDesk
April 23 (BusinessDesk) – The New Zealand dollar may finish the week lower as investors push out expectations on the timing of Reserve Bank interest rate hikes because a high kiwi and modest economic recovery are keeping inflation well within the bank’s ... More >>
Kiwirail plan to ‘right-size’ balance sheet to take longer
Monday, 23 April 2012, 11:00 am | BusinessDesk
April 23 (BusinessDesk) – KiwiRail probably won’t be in a position to restructure its balance sheet this year, a strategy that the state-owned railroad flagged in October could result in a $6 billion writedown of its commercial assets. More >>
MightyRiverPower benefits in 3Q from high wholesale prices
Monday, 23 April 2012, 10:27 am | BusinessDesk
April 23 (BusinessDesk) – The weather gods treated Auckland-based electricity generator-retailer MightyRiverPower kindly in the third quarter of the current financial year, with higher wholesale prices and increased total generation offsetting falling retail ... More >>
Postie Plus flags $4.1M net gain on Babycity sale
Monday, 23 April 2012, 10:20 am | BusinessDesk
April 23 (BusinessDesk) – Postie Plus Group, the clothing retailer, expects to reap $4.1 million from the sale of its Babycity chain of stores. More >>
Telecom taps Auckland Airport boss Moutter as new CEO
Monday, 23 April 2012, 9:00 am | BusinessDesk
April 23 (BusinessDesk) – Telecom has tapped Auckland International Airport boss Simon Moutter to head up the new-look telecommunications retailer after a five-month search. More >>
