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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 1381]
NZ companies improve bill payments by 1 day, D&B says
Wednesday, 18 April 2012, 10:52 am | BusinessDesk
NZ companies improve bill payments by 1 day in first quarter, still lag standard term, D&B says More >>
Auckland's ability to boost operating surpluses ‘critical'
Wednesday, 18 April 2012, 10:43 am | BusinessDesk
April 18 (BusinessDesk) – Auckland Council’s ability to lift operating surpluses as planned, by hiking rates and cutting costs over the next five years, will be critical to super city as it prepares for a decade of ramp up debt to fund transport and water ... More >>
AMP NZ Office to spend $50.4M on capital building buy-up
Wednesday, 18 April 2012, 10:17 am | BusinessDesk
April 18 (BusinessDesk) – AMP NZ Office, which sold its Chews Lane building in Wellington last year, plans to spend $50.4 million on two buildings near the capital city’s Beehive and Parliament. More >>
Allied Nationwide receivers flag imminent handover to govt
Wednesday, 18 April 2012, 9:28 am | BusinessDesk
April 18 (BusinessDesk) – Receivers for Allied Nationwide Finance are waiting on a formal offer to hand over the failed lender’s assets to the government as part of the wind-down of finance companies that collapsed and were covered by the retail ... More >>
A2 seeks strategic review to accelerate growth
Wednesday, 18 April 2012, 9:07 am | BusinessDesk
April 18 (BusinessDesk) – A2 Corp has tapped Sydney-based corporate advisers Greenhill Caliburn to undertake a strategic review of the business as major players in the dairy sector start to take notice of the NZAX-listed alternative milk company. More >>
While you were sleeping: IMF, Spain lift market
Wednesday, 18 April 2012, 7:30 am | BusinessDesk
April 18 (BusinessDesk) - The International Monetary Fund's more upbeat outlook for both the global and the US economy, as well as solid demand for Spanish debt helped bolster equities on Wall Street and in Europe. More >>
SMELLIE ON SMEs: Working marriages and other minefields
Tuesday, 17 April 2012, 6:20 pm | BusinessDesk
April 17 (BusinessDesk) – The world is full of family businesses. They can be the most powerfully resilient corporate entities because family members are bound to the firm by love and affection as well as the need for a job, and they’re fantastic ... More >>
Guardian Trust boosts ASX-listed Trust Co’s annual earnings
Tuesday, 17 April 2012, 6:03 pm | BusinessDesk
April 17 (BusinessDesk) – Trust Co, the ASX-listed trustee, boosted net profit 12 percent after its NZ$42 million acquisition of New Zealand Guardian Trust paid dividends in its first year. More >>
MARKET CLOSE: NZ shares gain as yields appeal; Cavalier up
Tuesday, 17 April 2012, 5:59 pm | BusinessDesk
(BusinessDesk) - New Zealand shares rose as investors were lured to companies offering relatively appealing dividend yields and the local bourse took heart from gains on Wall Street. Cavalier and Property for Industry were among gainers. More >>
NZ dollar falls below 82 US cts as RBA signals rate cut
Tuesday, 17 April 2012, 5:09 pm | BusinessDesk
NZ dollar falls below 82 US cts as RBA signals rate cut; inflation data looms More >>
Kiwibank mulls expansion in NZ’s $30 bln-a-month FX market
Tuesday, 17 April 2012, 3:22 pm | BusinessDesk
April 17 (BusinessDesk) – State-owned Kiwibank is considering expanding into New Zealand’s $30 billion-a-month foreign exchange market, extending its rivalry with the nation’s big four Australian-owned banks. More >>
CORRECTION: Heritage Gold seeks up to $1.9M for Talisman
Tuesday, 17 April 2012, 2:59 pm | BusinessDesk
(Corrects sum sought through Share Purchase Plan in story that first ran on April 16) More >>
Trans-Tasman regulator info-sharing stalled by NZ workload
Tuesday, 17 April 2012, 12:57 pm | BusinessDesk
April 17 (BusinessDesk) – Legislation enabling antitrust regulators on both sides of the Tasman to share information has been held up due to the New Zealand government’s heavy programme, slowing progress on a key step toward a single economic market. More >>
MIDDAY UPDATE: Bridgecorp’s Urwin jailed for 2 years
Tuesday, 17 April 2012, 11:46 am | BusinessDesk
April 17 (BusinessDesk) – Bridgecorp director Gary Urwin has been jailed for two years after pleading guilty to 10 breaches of the Securities Act for misleading investors, the second of the failed finance company’s board members to be sentenced. More >>
Bridgecorp’s Urwin jailed for 2 years
Tuesday, 17 April 2012, 11:31 am | BusinessDesk
April 17 (BusinessDesk) – Bridgecorp director Gary Urwin has been jailed for two years after pleading guilty to 10 breaches of the Securities Act for misleading investors, the second of the failed finance company’s board members to be sentenced. More >>
NZ government to slash $69M from annual recruitment spend
Tuesday, 17 April 2012, 10:43 am | BusinessDesk
April 17 (BusinessDesk) – The government is eyeing savings of at least $69 million a year from what it spends on recruitment agencies by cracking down on the number of firms its uses. More >>
Chorus gets $14.4 mln to extend rural broadband
Tuesday, 17 April 2012, 10:13 am | BusinessDesk
April 17 (BusinessDesk) - Chorus, New Zealand’s largest telecommunications network, will receive about $14.4 million from the government to provide faster broadband to rural schools, hospitals and libraries. More >>
Diligent has record 1Q sales, 3rd straight operating profit
Tuesday, 17 April 2012, 10:05 am | BusinessDesk
April 17 (BusinessDesk) - Diligent Board Member Services, which provides software for company directors, continued its exponential sales growth, chalking up a new record in the March quarter and recording its third successive operating profit. ... More >>
Fonterra plans to invest in new Indonesian plant
Tuesday, 17 April 2012, 9:52 am | BusinessDesk
April 17 (BusinessDesk) – Fonterra Cooperative Group, the world’s biggest dairy exporter, plans to invest in a new blending and packing plant in Indonesia as it seeks to tap growing Asian demand for high-protein food products. More >>
Guinness Peat exits disastrous stake in UK’s Ashley House
Tuesday, 17 April 2012, 9:51 am | BusinessDesk
April 17 (BusinessDesk) – Guinness Peat Group, the investment company winding down its portfolio, has exited its remaining holding in Ashley House, a UK-based health and social care property company whose shares have shed 93 percent of their value ... More >>
