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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.

Contact BusinessDesk

Email - editor@businessdesk.co.nz

BusinessDesk - Latest News [Page 1380]

Christchurch city failed to delegate quake cover property

Thursday, 19 April 2012, 5:11 pm | BusinessDesk

April 19 (BusinessDesk) – Christchurch City Council failed to delegate responsibility appropriately for the city’s earthquake cover after its chief executive, Tony Marryatt, also joined the board of Civic Assurance, a local government-owned infrastructure ... More >>

NZ businessman Henry bids A$24M for ASX-listed Hydromet

Thursday, 19 April 2012, 5:04 pm | BusinessDesk

April 19 (BusinessDesk) – Auckland businessman Simon Henry has made a A$24 million bid for ASX-listed industrial waste recycler Hydromet Corp, saying the target's board has been too stingy with dividends and generous with its own fees. Henry, who is ... More >>

Len Brown backs ‘breakeven’ convention centre

Thursday, 19 April 2012, 3:10 pm | BusinessDesk

April 19 (BusinessDesk) – Auckland mayor Len Brown supports the convention center at the heart of a contentious deal between the National Party and SkyCity Entertainment Group, a facility that the council’s own research shows would be “breakeven” ... More >>

NZ's Sky TV gets reprieve from telecommunications levy

Thursday, 19 April 2012, 2:46 pm | BusinessDesk

April 19 (BusinessDesk) – Sky Network Television, New Zealand’s dominant pay-TV operator, won’t have to contribute to an annual levy that is to fund non-commercial telecommunications, based on the Commerce Commission’s provisional view on which ... More >>

RESEND: Solid Energy lifts coal production by 24%

Thursday, 19 April 2012, 12:20 pm | BusinessDesk

April 19 (BusinessDesk) – Solid Energy, the state-owned coal miner earmarked for partial sale, lifted production by 24 percent to the most in eight quarters in the first three months of the year. More >>

Solid Energy lifts coal production by 24% to most in 8 qtrs

Thursday, 19 April 2012, 12:15 pm | BusinessDesk

MIDDAY UPDATE: 1st-Qtr CPI 0.5%; KiwiRail to sell Hillside

Thursday, 19 April 2012, 12:11 pm | BusinessDesk

April 19 (BusinessDesk) – New Zealand consumer prices rose as expected in the first three months of the year, even as the tradable sector shrank on cheaper international holidays and discounted audio-visual equipment in the face of a strong kiwi dollar. More >>

KiwiRail to sell Dunedin’s Hillside workshop

Thursday, 19 April 2012, 11:52 am | BusinessDesk

April 19 (BusinessDesk) – KiwiRail plans to sell its Hillside workshops in Dunedin after the state-owned railroad awarded contracts for new rolling stock to overseas-based manufacturers rather than use its own engineering facilities. More >>

NZ consumer prices rise 0.5% in 1Q, tradable inflation slows

Thursday, 19 April 2012, 10:54 am | BusinessDesk

NZ consumer prices rise 0.5% in 1Q, tradable inflation slows on cheap holidays, AV equipment More >>

NZ dollar falls before first-quarter inflation figures

Thursday, 19 April 2012, 8:26 am | BusinessDesk

NZ dollar falls before CPI data that may show little need to raise interest rates More >>

While you were sleeping: Intel, IBM fail to deliver

Thursday, 19 April 2012, 7:31 am | BusinessDesk

April 19 (BusinessDesk) - Disappointing earnings reports from Intel and IBM weighed on Wall Street, as did fresh signs from Europe that taming the sovereign debt crisis remains a challenge. More >>

MARKET CLOSE: NZ shares gain, pushing NZX 50 to month-high

Wednesday, 18 April 2012, 5:58 pm | BusinessDesk

MARKET CLOSE: NZ shares gain, pushing NZX 50 to month-high; Sky TV, Contact rise More >>

NZF Group CFO ‘no longer employed’ amid court action

Wednesday, 18 April 2012, 5:27 pm | BusinessDesk

April 18 (BusinessDesk) – NZF Group, the financial services company facing a Serious Fraud Office investigation, has announced its chief financial officer and company secretary is “no longer employed” as five of its current and past directors face ... More >>

NZ dollar follows global rally on upbeat IMF growth forecast

Wednesday, 18 April 2012, 5:20 pm | BusinessDesk

April 18 (BusinessDesk) – The New Zealand dollar held on to its gains in local trading after following a worldwide rally in higher-yielding, or riskier, assets after the International Monetary Fund upgraded its forecast for global growth, and ... More >>

Fonterra contract at heart of dairy monitoring patent stoush

Wednesday, 18 April 2012, 4:21 pm | BusinessDesk

April 18 (BusinessDesk) – The cash flow associated with servicing New Zealand’s biggest company, Fonterra Cooperative Group, is at the heart of a patent dispute worming its way through the courts. More >>

NZ consumer confidence lifts in April as outlook improves

Wednesday, 18 April 2012, 1:51 pm | BusinessDesk

April 18 (BusinessDesk) - New Zealand consumer confidence lifted in April, suggesting a pick-up in the local economy as households feel more optimistic about their financial well-being. More >>

From the Farm: A global lake of milk?

Wednesday, 18 April 2012, 1:27 pm | BusinessDesk

Few sectors are as susceptible to the vagaries of the weather as farming. The La Nina weather pattern that blessed New Zealand farmers with near perfect growing conditions this season is coming to an end, based on the Australian Bureau of Meteorology’s ... More >>