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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 1383]
Fonterra Shareholders Council sticks up for trading scheme
Friday, 13 April 2012, 12:41 pm | BusinessDesk
April 13 (BusinessDesk) – The lobby for Fonterra farmer-shareholders has thrown its full weight behind the contentious Trading Among Farmers proposal after weeks of reports that dairy farmers have been going wobbly on their commitment to the scheme. More >>
MIDDAY UPDATE: Super-frauds set record value for NZ cases
Friday, 13 April 2012, 11:58 am | BusinessDesk
MIDDAY UPDATE: Super-frauds help set record value for NZ cases; Insured Group wants to delist from NZX More >>
Insured Group looks to delists from NZX, wants fresh capital
Friday, 13 April 2012, 10:48 am | BusinessDesk
April 13 (BusinessDesk) – Insured Group, the Australian insurer which used Lombard Group for a backdoor listing on the NZX, is now looking to delist from the New Zealand stock exchange as it seeks to raise capital in Australia. More >>
Super-frauds help set record value for NZ cases, says KPMG
Friday, 13 April 2012, 9:20 am | BusinessDesk
April 13 (BusinessDesk) – Super-frauds committed against financial institutions have resulted in the largest values ever attributed to fraud cases in New Zealand, even as the number of cases declines, according to KPMG’s fraud barometer. More >>
NZ dollar gains as American benefit numbers rise
Friday, 13 April 2012, 8:27 am | BusinessDesk
NZ dollar gains more than half a US cent as American benefit numbers rise; Aust jobs grow More >>
While you were sleeping: Investors bet on China
Friday, 13 April 2012, 7:45 am | BusinessDesk
April 13 (BusinessDesk) - Wall Street advanced, as did equities in Europe, as investors bet that China is set to release better-than-predicted economic growth data. More >>
From the Farm: It’s carbon reduction, stupid
Thursday, 12 April 2012, 6:41 pm | BusinessDesk
April 12 (BusinessDesk) – Coping with ambiguity is something we often do poorly as a species, and news media find it even more difficult than individual human beings. More >>
MARKET CLOSE: NZ shares follow global rally, Heartland leads
Thursday, 12 April 2012, 5:53 pm | BusinessDesk
April 12 (BusinessDesk) – New Zealand shares followed the global rally in stock markets after a surprise first-quarter profit for aluminium producer Alcoa and an upbeat view from the Federal Reserve’s regional breakdown of the US economy stoked ... More >>
Kiwi falls against Aussie on strong employment data
Thursday, 12 April 2012, 5:47 pm | BusinessDesk
April 12 (BusinessDesk) – The New Zealand dollar fell almost half a cent against the Australian dollar after data showed employers added almost seven times more workers than expected in March. More >>
MUNZ rejects “cut and paste” port offer
Thursday, 12 April 2012, 5:12 pm | BusinessDesk
April 12 (BusinessDesk) – The Maritime Union of New Zealand has rejected what it called a “cut and paste” collective agreement offer from the Ports of Auckland after the first day of mediation between the two parties. More >>
Fonterra flags $100M spend on two more Chinese farms
Thursday, 12 April 2012, 4:21 pm | BusinessDesk
April 12 (BusinessDesk) – Fonterra Cooperative Group plans to spend $100 million to build two more farms in China’s Hebei Province as part of a plan to construct farming hubs to service the world’s most populous nation. More >>
SFO tosses out Affco's complaint against union
Thursday, 12 April 2012, 2:05 pm | BusinessDesk
April 12 (BusinessDesk) – The Serious Fraud Office has batted away any suggestion it will probe the New Zealand Meat Workers & Related Trades Union’s books, saying an initial evaluation didn’t find any evidence of fraud. More >>
NZRU's 2011 loss smaller than expected; breakeven in 2012
Thursday, 12 April 2012, 1:57 pm | BusinessDesk
April 12 (BusinessDesk) – The New Zealand Rugby Union reported a slightly smaller operating loss than expected in the latest financial year after keeping a lid on Rugby World Cup costs, and it’s expecting to break even in 2012. More >>
Lombard Four to appeal convictions
Thursday, 12 April 2012, 12:41 pm | BusinessDesk
April 12 (BusinessDesk) – All four directors of Lombard Finance & Investments will appeal their convictions and have lodged papers in the Court of Appeal. More >>
Seeka board tells shareholders not to vote for director
Thursday, 12 April 2012, 12:41 pm | BusinessDesk
April 12 (BusinessDesk) – The board of Seeka Kiwifruit Industries, the grower which aborted a merger with rival Satara Cooperative last year, is recommending shareholders vote against the election of director, Craig Greenlees due to a conflict of interest. More >>
MIDDAY UPDATE: House prices slowing, March manufacturing up
Thursday, 12 April 2012, 12:16 pm | BusinessDesk
April 12 (BusinessDesk) - The pace of gains in New Zealand’s residential property market in the first three months of this year slowed, reflecting easing values in the month of March, according to government valuer Quotable Value. National property ... More >>
Dwindling foreign visitors drag down NZ guest nights in Feb
Thursday, 12 April 2012, 12:04 pm | BusinessDesk
April 12 (BusinessDesk) – New Zealand’s hotels and motels extended their run of falling guest nights after the number of foreign visitors fell in February. More >>
Service more important than price for broadband switching
Thursday, 12 April 2012, 11:58 am | BusinessDesk
April 12 (BusinessDesk) – A Commerce Commission survey on consumer switching behaviour has found the main reason consumers swap internet providers is for better broadband service, while it is cheaper rates that prompt a change in mobile phone provider. More >>
House price gains slowing, QV says
Thursday, 12 April 2012, 11:40 am | BusinessDesk
April 12 (BusinessDesk) – The pace of gains in New Zealand’s residential property market in the first three months of this year slowed down, reflecting easing values in the month of March, according to government valuer Quotable Value. More >>
NZ credit, debit card spending falls in March
Thursday, 12 April 2012, 11:31 am | BusinessDesk
April 12 (BusinessDesk) – New Zealanders spent less on their credit and debit cards last month, led by a decline in spending on non-retail and fuel. More >>
