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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 1388]
NZX Australian agri head quits for grain trader role
Wednesday, 4 April 2012, 8:47 am | BusinessDesk
April 3 (BusinessDesk) – NZX’s Australian agri-business general manager Pat O’Shannassy has resigned to take up a new role as a grain trader. More >>
While you were sleeping: Easy money hopes fade
Wednesday, 4 April 2012, 7:17 am | BusinessDesk
April 4 (BusinessDesk) - Minutes from last month's US Federal Reserve meeting quashed hopes for a fresh liquidity boost from monetary policy makers, lowering the appeal of equities and bonds alike. More >>
Roundtable and NZ Institute morph into NZ Initiative
Tuesday, 3 April 2012, 6:00 pm | BusinessDesk
April 3 (BusinessDesk) – The country’s newest libertarian think tank, the New Zealand Initiative, has been launched this evening in Wellington, merging the New Zealand Business Roundtable and the New Zealand Institute into a new body to lobby ... More >>
MARKET CLOSE: NZ shares fall a second day; Fletcher drops
Tuesday, 3 April 2012, 5:54 pm | BusinessDesk
April 3 (BusinessDesk) - New Zealand shares fell for a second day, retreating from the first quarter's 6.7 percent gain as investors sold some of the best-performing companies. Fletcher Building fell and Restaurant Brands rose. More >>
RBA keeps cash rate at 4.25%, wants longer to test inflation
Tuesday, 3 April 2012, 5:20 pm | BusinessDesk
Australia's central bank keeps cash rate at 4.25%, wants longer to assess inflation More >>
NZ dollar climbs vs. Australian dollar after RBA holds rates
Tuesday, 3 April 2012, 5:17 pm | BusinessDesk
April 3 (BusinessDesk) – The New Zealand dollar gained against its Australian counterpart after the Reserve Bank of Australia held the target cash rate at 4.25 percent and said it’s waiting on inflation figures before it will act on slowing economic growth. More >>
T&G appoints new senior management team, directors
Tuesday, 3 April 2012, 4:03 pm | BusinessDesk
April 3 (BusinessDesk) - Turners & Growers, the local fruit marketer, has announced new senior management and directors from new majority parent BayWa Aktiengesellschaft, and tapped local boardroom heavyweight John Anderson as an independent director. More >>
UPDATED: Xero doubles annual sales, grabs more customers
Tuesday, 3 April 2012, 2:21 pm | BusinessDesk
April 3 (BusinessDesk) – Xero, the cloud-based accounting platform provider, has doubled its annual sales and accelerated growth in customer numbers. More >>
Policy work on law enabling class actions to happen in 2012
Tuesday, 3 April 2012, 1:24 pm | BusinessDesk
April 3 (BusinessDesk) – Policy work on legislation to enable faster, better and cheaper class action suits should occur this year, the government said in response to a select committee report. More >>
CORRECTION: MRP banks $40.5mn in sell-down to Maori partner
Tuesday, 3 April 2012, 1:07 pm | BusinessDesk
April 3 (BusinessDesk) – MightyRiverPower has banked $40.5 million in return for the sale of a further 10 percent stake in its two geothermal joint ventures with the Tauhara North No 2 Trust, in the central North Island. More >>
SMELLIE ON SMEs: End of financial year blues
Tuesday, 3 April 2012, 1:01 pm | BusinessDesk
April 3 (BusinessDesk) – So, another tax year just finished and all across the land, small business owners are scurrying to finalise accounts, work out both forward and backward-looking tax provisioning, and wondering if perhaps there might be a ... More >>
MIDDAY UPDATE: MightyRiver banks $40.5M
Tuesday, 3 April 2012, 11:57 am | BusinessDesk
April 3 (BusinessDesk) – MightyRiverPower has banked $40.5 million in return for the sale of a further 10 percent stake in its joint venture with the Tauhara North No 2 Trust, involving three geothermal power stations in the central North Island. More >>
Christchurch high-tech businesses get $1.8m cash injection
Tuesday, 3 April 2012, 11:54 am | BusinessDesk
April 3 (BusinessDesk) –The government is to invest $1.8 million in Christchurch over the next three years to support the development of a high-tech business hub, the Minister for Economic Development, Steven Joyce, has announced. More >>
New equities research service targets NZ small caps
Tuesday, 3 April 2012, 11:45 am | BusinessDesk
April 3 (BusinessDesk) – The double whammy for small listed companies of no broker research and tough new rules on retail investment advice is behind the launch of a new research service in New Zealand by global research house Edison International ... More >>
Aust ombudsman sues Jetstar for mistreating NZ trainees
Tuesday, 3 April 2012, 11:09 am | BusinessDesk
April 3 (BusinessDesk) - Australia's Fair Work Ombudsman (FWO) is suing Jetstar alleging it contravened Australian workplace laws when it hired trainee pilots who were New Zealanders. More >>
Restaurant Brands annual earnings fall 27% on Chch quakes
Tuesday, 3 April 2012, 10:50 am | BusinessDesk
April 3 (BusinessDesk) - Restaurant Brands, which operates the local Pizza Hut, KFC and Starbucks brands, reported a 27 percent fall in annual profit due to the Christchurch earthquakes and fewer Pizza Hut stores as it offloaded unprofitable outlets. More >>
Summerset targets Auckland elderly with Hobsonville village
Tuesday, 3 April 2012, 9:43 am | BusinessDesk
April 3 (BusinessDesk) – Summerset Group, the retirement village operator and developer that listed in November, is looking to target Auckland’s ageing population and has bought property on the city’s northern fringe for a new village. More >>
Mangakahia Forest may be sold as Sino-Forest restructures
Tuesday, 3 April 2012, 9:29 am | BusinessDesk
April 3 (BusinessDesk) – About 11,000 hectares of Northland forestry may be end up on the block as Sino-Forest, which owns the block through a Hong Kong investment vehicle, seeks a buyer for its assets after filing for bankruptcy protection last ... More >>
Xero doubles annual sales, grabs more customers
Tuesday, 3 April 2012, 9:28 am | BusinessDesk
April 3 (BusinessDesk) – Xero, the cloud-based accounting platform provider, has doubled its annual sales and accelerated growth in customer numbers. More >>
IMF backs government path to surplus as ‘ambitious’
Tuesday, 3 April 2012, 9:15 am | BusinessDesk
April 3 (BusinessDesk) – The International Monetary Fund is backing the government’s plan to return the budget to surplus by 2014/15 in what it calls an “ambitious” plan, but one that’s not overly “dramatic”. More >>
