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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 1387]
MARKET CLOSE: NZ shares rise for first day in 3
Wednesday, 4 April 2012, 5:38 pm | BusinessDesk
April 4 (BusinessDesk) - New Zealand shares rose for the first day in three, as Pumpkin Patch gained on plans to sell children's clothing via Amazon, and Fletcher Building fell on concern Australia's home-building market remains weak. More >>
RESEND: NZ dollar hits 6-month vs. Australian dollar
Wednesday, 4 April 2012, 5:17 pm | BusinessDesk
April 4 (BusinessDesk) – The New Zealand dollar hit a fresh six-month high against its trans-Tasman counterpart after Australian government figures showed an unexpected trade deficit in February. More >>
NZ dollar hits 6-month vs. Australian dollar on trade gap
Wednesday, 4 April 2012, 5:12 pm | BusinessDesk
April 4 (BusinessDesk) – The New Zealand dollar hit a fresh six-month high against its trans-Tasman counterpart after Australian government figures showed an unexpected trade deficit in February. More >>
Trans-Tasman push for CER’s 'next big thing' starts
Wednesday, 4 April 2012, 3:49 pm | BusinessDesk
April 4 (BusinessDesk) – The process of trying to identify a ground-breaking extension to New Zealand’s Closer Economic Relations pact with Australia, which turns 30 next year, is under way, with the Productivity Commissions of both countries publishing ... More >>
Ecoya beats revenue guidance by 10%
Wednesday, 4 April 2012, 3:41 pm | BusinessDesk
April 4 (BusinessDesk) – Ecoya, the scented candle and skin-care products maker, has beaten its forecast annual sales by 10 percent. More >>
Strike-hit Ports of Auckland flags weak 2H earnings
Wednesday, 4 April 2012, 2:04 pm | BusinessDesk
April 4 (BusinessDesk) – Ports of Auckland flagged a likely weak result in the second half of the financial year after losing contracts because of its industrial dispute, following on from a flat first-half underlying profit, declared today. More >>
NZ commodity prices fall in March
Wednesday, 4 April 2012, 1:56 pm | BusinessDesk
April 4 (BusinessDesk) – New Zealand commodity prices weakened in March, slipping to its lowest level this year, led by a decline in the price of dairy products and pelts. More >>
"No conflicts" in ex-Housing NZ staffers’ consultancy
Wednesday, 4 April 2012, 1:52 pm | BusinessDesk
April 4 (BusinessDesk) – There were no conflicts of interest in former Housing New Zealand staffers setting up a consultancy that taps the skills of a British software supplier involved in an $80 million departmental transformation project, according ... More >>
Busiest month in five years for Auckland realtor
Wednesday, 4 April 2012, 1:49 pm | BusinessDesk
April 4 (BusinessDesk) – Auckland real estate agents Barfoot & Thompson had their busiest month in five years in March as the average sale price for homes in the country’s largest cit fell, according to realtors Barfoot & Thompson. More >>
Port engineers return to work on Thursday
Wednesday, 4 April 2012, 1:26 pm | BusinessDesk
April 4 (BusinessDesk) – Ports of Auckland engineers will be the first return to work on Thursday after management lifted its lock-out notice last week. More >>
Comvita restructures ahead of expansion
Wednesday, 4 April 2012, 1:12 pm | BusinessDesk
April 4 (BusinessDesk) – Comvita, the listed honey products company, has embarked on a restructuring as it prepares to expand. More >>
German owners of T&G extend olive branch to Zespri
Wednesday, 4 April 2012, 1:08 pm | BusinessDesk
April 4 (BusinessDesk) - BayWa Aktiengesellschaft, the German company that controls Turners & Growers, will extend an olive branch to kiwifruit marketing monopoly Zespri, signalling a change of strategy from the days when former owner Guinness ... More >>
Aorangi statutory managers seek ruling on $60M pledge
Wednesday, 4 April 2012, 12:39 pm | BusinessDesk
April 4 (BusinessDesk) - The statutory managers of Aorangi Securities have sought a court ruling on the status of $60 million of assets pledged to the failed firm by Allan Hubbard and his wife, which will have a major bearing on how much investors ... More >>
MIDDAY UPDATE: Aorangi managers seek ruling on assets
Wednesday, 4 April 2012, 12:16 pm | BusinessDesk
April 4 (BusinessDesk) - The statutory managers of Aorangi Securities have sought a court ruling on the status of $60 million of assets pledged to the failed firm by Allan Hubbard and his wife, which will have a major bearing on how much investors ... More >>
Politicians prepare to dissect DIRA bill at select committee
Wednesday, 4 April 2012, 10:54 am | BusinessDesk
April 4 (BusinessDesk) – Politicians of all hues are signalling plans to unravel some of the thornier issues in legislation that would enable Fonterra Cooperative Group’s farmers can trade their shares now the bill has passed its first reading ... More >>
Lower-than-expected tax take erodes government finances
Wednesday, 4 April 2012, 10:41 am | BusinessDesk
April 4 (BusinessDesk) – The government took in less revenue than expected from income tax, company tax and GST in the eight months ended Feb. 29, widening its operating deficit more than forecast. More >>
TAG adds three more production wells with Urenui find
Wednesday, 4 April 2012, 10:03 am | BusinessDesk
April 4 (BusinessDesk) –TAG Oil, the Canadian oil and gas producer, continues its string of commercial discoveries, announcing three recently drilled wells to explore the onshore Taranaki Urenui Formation will go into production in the next three months. More >>
Pumpkin Patch to sell products via Amazon
Wednesday, 4 April 2012, 9:34 am | BusinessDesk
April 4 (BusinessDesk) - Pumpkin Patch, the children’s clothing retailer, has teamed up with online retailer Amazon to sell its products in the UK, France and Germany. More >>
NZX value of cash market trading falls 1.1% in March
Wednesday, 4 April 2012, 9:27 am | BusinessDesk
April 4 (BusinessDesk) – The value of trading in NZX’s cash markets fell 1.1 percent last month, with declines in the value of both stock and bond trades. More >>
NZ dollar declines as Fed rules out further stimulus
Wednesday, 4 April 2012, 9:07 am | BusinessDesk
April 4 (BusinessDesk) – The New Zealand dollar tumbled after the Federal Reserve ruled out any additional monetary stimulus, removing a threat to the US dollar, which rallied against most major currencies. The New Zealand dollar traded fell as low ... More >>
