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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 1390]
Brightwater may lay off workers over Bathurst mine delays
Friday, 30 March 2012, 6:16 pm | BusinessDesk
March 30 (BusinessDesk) – Brightwater Group, the Nelson-based engineering firm, is looking at sacking workers because of delays to Bathurst Resources’ planned coal mine on the West Coast. More >>
MARKET CLOSE: NZ shares rise, delivering 6.6% 1st-qtr gain
Friday, 30 March 2012, 5:53 pm | BusinessDesk
March 30 (BusinessDesk) – New Zealand shares rose, pushing the NZX 50 Index to a 6.6 percent quarterly gain, as signs of a return of global growth helped underpin demand for equities. Children’s clothing retailer Pumpkin Patch and rural services ... More >>
MONEY TALKS: Getting closure on the finance company debacles
Friday, 30 March 2012, 5:21 pm | BusinessDesk
Call me a softy, but the delight some people took in the conviction and sentencing of Sir Doug Graham was disappointing. More >>
NZ dollar heads for 5.2% quarterly gain
Friday, 30 March 2012, 5:14 pm | BusinessDesk
NZ dollar heads for 5.2% quarterly gain as concerns rise over looming Chinese slowdown More >>
Wairoa freight hub idea may not doom rail link
Friday, 30 March 2012, 5:06 pm | BusinessDesk
Wairoa freight hub may not be enough to save doomed Gisborne-to-Napier rail line More >>
Fonterra earnings grow more by selling ingredients to rivals
Friday, 30 March 2012, 4:26 pm | BusinessDesk
March 30 (BusinessDesk) – Fonterra Cooperative Group found its first-half earnings growth by selling dairy ingredients to rivals rather than competing with them in branded consumer products. More >>
Forestry export earnings fell in December 2011 quarter
Friday, 30 March 2012, 2:17 pm | BusinessDesk
March 30 (BusinessDesk) - New Zealand forestry export earnings fell in the latest quarter because of oversupply of logs in China and currency pressures, according to the Ministry of Agriculture and Forestry. More >>
Ports of Auckland puts contracting on hold, lifts lock-out
Friday, 30 March 2012, 1:50 pm | BusinessDesk
March 30 (BusinessDesk) – Ports of Auckland has lifted its lockout notice, allowing stevedores back to work to alleviate the city’s “severely affected” supply chain after revealing a rift over strategy in its boardroom had resulted in the resignation ... More >>
MIDDAY UPDATE: Campbell quits Ports of Auckland board
Friday, 30 March 2012, 12:00 pm | BusinessDesk
March 30 (BusinessDesk) - Ports of Auckland director Rob Campbell has stepped down from the board after falling out over strategy at the city-owned business, which is making heavy weather of attempting to contract out its unionised wharfies. More >>
Cracks emerge in Ports of Auckland board as Campbell quits
Friday, 30 March 2012, 11:47 am | BusinessDesk
March 30 (BusinessDesk) – Ports of Auckland director Rob Campbell has stepped down from the board after falling out over strategy at the city-owned business, which is making heavy weather of attempting to contract out its unionised wharfies. More >>
NZ building consents remain weak in February
Friday, 30 March 2012, 11:37 am | BusinessDesk
March 30 (BusinessDesk) – New Zealand building consents rose 1.2 percent in February, the second monthly increase, boosted by an increase in retirement village construction plans, but overall the construction sector remains “very weak.” More >>
Contact Energy unhappy with NZX 50 reweight relegation
Friday, 30 March 2012, 11:27 am | BusinessDesk
March 30 (BusinessDesk) – Contact Energy urged the NZX to stagger its move to a ‘free-float’ method of calculating index weightings because of the negative impact on its stock. More >>
Ex-RWC boss Snedden tapped to lead tourism lobby
Friday, 30 March 2012, 11:03 am | BusinessDesk
March 30 (BusinessDesk) – Martin Snedden, who led the company in charge of managing last year’s Rugby World Cup, has been tapped to lead New Zealand’s national tourism lobby group. More >>
NZ dollar holds near 6-mth high vs. Australian dollar
Friday, 30 March 2012, 9:01 am | BusinessDesk
NZ dollar holds near 6-mth high vs. Australian dollar; China, RBA rate cuts loom More >>
While you were sleeping: Greece returns
Friday, 30 March 2012, 7:40 am | BusinessDesk
March 30 (BusinessDesk) - Renewed concerns about the outlook for Greece, combined with mixed corporate and economic news in the US, is taking a bit of the shine off a superb first quarter for global equities. More >>
Warehouse to delist from ASX, cites high costs
Thursday, 29 March 2012, 6:36 pm | BusinessDesk
March 29 (BusinessDesk) – Warehouse Group, the biggest retailer on the NZX 50 Index, will delist from the Australian stock exchange after high costs forced it to review its dual listing. More >>
Lombard Four avoid prison; reputations destroyed
Thursday, 29 March 2012, 6:27 pm | BusinessDesk
March 29 (BusinessDesk) – All four directors of Lombard Finance & Investment have avoided prison sentences as High Court Judge Robert Dobson drew a line in the sand between the failed lender’s conduct and other cases where boards failed in ... More >>
COMMENT: No prison for old men, only for crooks
Thursday, 29 March 2012, 6:27 pm | BusinessDesk
March 29 (BusinessDesk) – The Lombard decision took a long time to read, a lot longer than it took Sir Douglas Graham to walk through the media scrum outside the Wellington High Court, down Lambton Quay and away from what must have been the most ... More >>
NZ dollar rises to 6 mth high vs. Australian dollar
Thursday, 29 March 2012, 6:25 pm | BusinessDesk
NZ dollar rises to 6mth high vs. Australian dollar as rate outlook By Hannah Lynch More >>
MARKET CLOSE: NZ shares rise as Fonterra lifts profit
Thursday, 29 March 2012, 6:06 pm | BusinessDesk
March 29 (BusinessDesk) – New Zealand shares rose after Fonterra Cooperative Group posted a jump in first-half earnings on record production, boding well for the broader economy. Rural services company PGG Wrightson and transport group Mainfreight were ... More >>
