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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 1384]
Manufacturing expanded in March but fell from February
Thursday, 12 April 2012, 11:26 am | BusinessDesk
April 12 (BusinessDesk) - Manufacturing activity remained in positive territory in March, even though it shed some of February's very strong gains, according to the BNZ-BusinessNZ performance of manufacturing index (PMI). More >>
Blue Chip sales rep sentenced on fraud charges
Thursday, 12 April 2012, 10:35 am | BusinessDesk
April 12 (BusinessDesk) – Former Blue Chip Southland sales person Rachel Jarvis has been sentenced to home detention and will make financial reparations in relation to $1.47 million of mortgage fraud. More >>
Flat nine months for Michael Hill on sluggish Aussie market
Thursday, 12 April 2012, 9:26 am | BusinessDesk
April 12 (BusinessDesk) - Michael Hill International Ltd., the listed jewellery chain, posted flat same store sales as New Zealand, Canada and the US markets made up for shrinking sales in Australia, its largest market. More >>
Chorus makes first draw-down on govt UFB fund
Thursday, 12 April 2012, 9:19 am | BusinessDesk
April 12 (BusinessDesk) – Chorus, the fibre network company spun out of Telecom, has made its first draw-down on the government’s ultra-fast broadband programme funding to build high-speed internet links in Auckland’s Albany and Rosebank areas. More >>
NZ dollar rises on speculation ECB will help Spain; Fed
Thursday, 12 April 2012, 8:27 am | BusinessDesk
April 12 (BusinessDesk) – The New Zealand dollar rose after the European Central Bank indicated it may buy Spanish government debt to reduce the nation’s borrowing costs and the Federal Reserve said the US economy maintained growth in all 12 of ... More >>
NZ must choose between Europe and the rest on climate change
Thursday, 12 April 2012, 8:17 am | BusinessDesk
April 12 (BusinessDesk) – New Zealand’s biggest choice in the emerging global deal to combat climate change is whether to side with Europe and Australia, which have emissions trading schemes, or with the rest of the world in whatever binding ... More >>
While you were sleeping: Alcoa, Fed bolster mood
Thursday, 12 April 2012, 7:31 am | BusinessDesk
April 12 (BusinessDesk) - An unexpected profit by Alcoa and a positive view of the world's biggest economy from the Federal Reserve have helped global equities rebound. More >>
UPDATED: Heritage Gold splits to focus on Talisman mine
Wednesday, 11 April 2012, 6:38 pm | BusinessDesk
April 11 (BusinessDesk) – Heritage Gold NZ said it plans to split into two entities to allow it to focus exclusively on developing its Talisman gold mine project near Waihi in New Zealand. More >>
Heritage Gold splits to focus on Talisman's development
Wednesday, 11 April 2012, 5:54 pm | BusinessDesk
April 11 (BusinessDesk) - Heritage Gold NZ said it plans to split into two entities to allow it to focus exclusively on developing its Talisman gold mine project near Waihi in New Zealand. More >>
MARKET CLOSE: NZ shares fall as regional equities falter
Wednesday, 11 April 2012, 5:47 pm | BusinessDesk
MARKET CLOSE: NZ shares fall as Asia-Pacific equities falter, led by F&P Healthcare More >>
NZ dollar rises on improving local business confidence
Wednesday, 11 April 2012, 5:17 pm | BusinessDesk
April 11 (BusinessDesk) – The New Zealand dollar rebounded in local trading after a survey showed local business confidence improved in the first quarter, shrugging off concerns the European debt crisis is worsening. More >>
Govt to cap purchase of offshore carbon credits under ETS
Wednesday, 11 April 2012, 4:43 pm | BusinessDesk
April 11 (BusinessDesk) – The government is signalling a move against the widespread purchase by major carbon emitters to buy cheap international carbon credits rather than using New Zealand-based units derived from activity that either offsets or reduces ... More >>
Council plans undermine housing affordability
Wednesday, 11 April 2012, 3:42 pm | BusinessDesk
April 11 (BusinessDesk) – City councils which try to contain the size of cities through strictly applied urban limits are undermining housing affordability at a time when an increasing number of people cannot afford to buy homes, and rents are ... More >>
Affco dobs in union to SFO as dispute gets nastier
Wednesday, 11 April 2012, 3:02 pm | BusinessDesk
April 11 (BusinessDesk) – Affco New Zealand, the meat processor locked in an industrial dispute with staff, is accusing the NZ Meat Workers & Related Trades Union of not disclosing all of its member fees in its financial accounts and has laid a complaint ... More >>
Electricity Authority targets SMEs in power saving campaign
Wednesday, 11 April 2012, 1:41 pm | BusinessDesk
April 11 (BusinessDesk) – Small and medium-sized businesses will be able to put their annual electricity consumption out to tender for the best price under the next phase of the Electricity Authority’s award-winning “What’s My Number?” campaign ... More >>
SMELLIE ON SMEs: Good customer service, it’s simple
Wednesday, 11 April 2012, 1:30 pm | BusinessDesk
April 11 (BusinessDesk) – Not so long ago, as a result of general incompetence, my laptop got a virus. It needed fixing, it was almost certainly because of malware picked up on the internet. Not wanting to stuff around and just needing my machine ... More >>
Postie Plus to sell Babycity chain for between $4M and $5M
Wednesday, 11 April 2012, 1:30 pm | BusinessDesk
April 11 (BusinessDesk) - Clothing retailer Postie Plus Group said it will sell its Babycity chain of stores to a private equity-funded company led by former LV Martin chief executive Trevor Douthett. More >>
Herbert Insurance probe indicates law broken
Wednesday, 11 April 2012, 12:27 pm | BusinessDesk
April 11 (BusinessDesk) – The liquidators for Herbert Insurance Group, the boutique insurer under scrutiny by the Serious Fraud Office, have found the firm may have breached legislation, but it’s waiting on the white-collar crime investigator before ... More >>
MIDDAY UPDATE: Urban limits keeping house prices high
Wednesday, 11 April 2012, 12:01 pm | BusinessDesk
April 11 (BusinessDesk) – Urban limits imposed by local governments are keeping house prices much higher than they need to be because they make land inside the city limit costlier than outside the limit, says the Productivity Commission in its final ... More >>
Pie Funds, Milford take 3.6% of Ecoya in new share issue
Wednesday, 11 April 2012, 11:31 am | BusinessDesk
April 11 (BusinessDesk) – Institutional investors Pie Funds and Milford Asset Management are putting up $2 million for a stake in scented candle and beauty products maker Ecoya. More >>
