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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 1393]
Kirkcaldie & Stains rejects offer for retail business
Tuesday, 27 March 2012, 12:12 pm | BusinessDesk
March 27 (BusinessDesk) – Kirkcaldie & Stains has ended discussions with a potential buyer of its unprofitable retail business, saying the parties have “substantially different” views on the unit’s value. More >>
Nufarm beats own first-half forecast
Tuesday, 27 March 2012, 12:04 pm | BusinessDesk
March 27 (BusinessDesk) – Nufarm, the agricultural chemicals company, said first-half net profit excluding one-off costs rose 5.3%, beating its December forecast. More >>
MIDDAY UPDATE: NZ dollar up; MightyRiverPower pays dividend
Tuesday, 27 March 2012, 11:55 am | BusinessDesk
March 27 (BusinessDesk) – The New Zealand dollar rose after Federal Reserve Chairman Ben Bernanke said an accommodative monetary policy is still needed in the world’s largest economy to stoke a stagnant jobs market, and prompted investors to seek higher ... More >>
Tourism Industry Association, Hotel Council to merge
Tuesday, 27 March 2012, 11:15 am | BusinessDesk
March 27 (BusinessDesk) – New Zealand’s Tourism Industry Association and Hotel Council have agreed to merge on April 1, in a move they say will give the $23 billion sector a stronger voice in lobbying government. More >>
Warehouse names Stephen Small as CFO, replacing Bunt
Tuesday, 27 March 2012, 10:27 am | BusinessDesk
March 27 (BusinessDesk) - Warehouse Group, the biggest retailer on the NZX 50 Index, appointed Stephen Small as chief financial officer starting on April 23. More >>
Postie Plus 1H loss widens to $775k, hopes for strong winter
Tuesday, 27 March 2012, 10:03 am | BusinessDesk
March 27 (BusinessDesk) – Postie Plus, the clothing retailer that counts Jan Cameron as its biggest shareholder, widened its first-half loss on dwindling sales, while saying it is confidence it can claw back to profitability through the winter season. More >>
Pacific Edge signs distribution agreement with Labtests
Tuesday, 27 March 2012, 9:54 am | BusinessDesk
March 27 (BusinessDesk) – Pacific Edge, the biomedical firm specialising in cancer detection, will sell its Cxbladder product to urologists and general practitioners in the Auckland and Northland regions under an agreement with Healthscope’s Labtests ... More >>
MightyRiverPower pays $74.8M interim div, lifts guidance
Tuesday, 27 March 2012, 9:54 am | BusinessDesk
March 27 (BusinessDesk) – MightyRiverPower, the first state-owned energy company slated for partial sale, posted a 14 percent gain in first-half underlying earnings, lifted its interim dividend to $74.8 million, and raised its full-year guidance. More >>
NZ dollar rises as Bernanke says US needs low rates for jobs
Tuesday, 27 March 2012, 8:46 am | BusinessDesk
March 27 (BusinessDesk) – The New Zealand dollar rose after Federal Reserve Chairman Ben Bernanke said an accommodative monetary policy is still needed in the world’s largest economy to stoke a stagnant jobs market, and prompted investors to seek higher ... More >>
While you were sleeping: Bernanke lifts risk bid
Tuesday, 27 March 2012, 7:33 am | BusinessDesk
March 27 (BusinessDesk) - US Federal Reserve chairman Ben Bernanke lifted the mood on Wall Street saying the world's largest economy must accelerate faster to help lower the jobless rate, providing hope that further stimulus might be on the way. More >>
NZF in talks with trustee as bonds repayment trouble looms
Monday, 26 March 2012, 6:02 pm | BusinessDesk
March 26 (BusinessDesk) – NZF Group is in talks with its trustee Perpetual Trust about converting its capital notes into shares in the second such debt for equity swap proposal in the last year. NZF doubts it will generate enough cash over the ... More >>
Sentiment improving on Chinese equities: HSBC
Monday, 26 March 2012, 5:02 pm | BusinessDesk
March 28 (BusinessDesk) – After being one of the worst performing asset classes in 2011, fund managers are a little less bearish on Chinese equities, according to HSBC’s latest Fund Managers’ Survey. More >>
Alias frauds and identity theft keep on rising: Veda
Monday, 26 March 2012, 4:44 pm | BusinessDesk
March 26 (BusinessDesk) - An increasing number of New Zealanders are registering aliases that could be used to execute identity fraud. More >>
NZ Dollar Outlook: kiwi to fall on US growth doubts
Monday, 26 March 2012, 3:19 pm | BusinessDesk
March 26 (BusinessDesk) – The New Zealand dollar may fall as investors search for fresh clues on the pace of the US economy and what that means for global growth. More >>
NZ consortium preferred bidder for first PPP school
Monday, 26 March 2012, 3:11 pm | BusinessDesk
March 26 (BusinessDesk) – Learning Infrastructure Partners, a New Zealand construction and architecture and facilities management consortium, has been named as the preferred bidder in the country’s first school property private public partnership. More >>
Jetstar extends to Hong Kong in China Eastern Airlines deal
Monday, 26 March 2012, 2:34 pm | BusinessDesk
March 26 (BusinessDesk) – Qantas Group, owner of the discount Australian airline brand Jetstar, has announced a joint venture with China Eastern Airlines to create Jetstar Hong Kong. More >>
MIDDAY UPDATE: Port strike warning on February trade figures
Monday, 26 March 2012, 12:19 pm | BusinessDesk
MIDDAY UPDATE: Port strike warning on February trade figures March 26 (BusinessDesk) – New Zealand’s trade balance was back in surplus in February, though the government statistician warned escalating industrial action around the country may have affected ... More >>
MARKET CLOSE: NZ shares fall; Michael Hill, retailers drop
Friday, 23 March 2012, 5:58 pm | BusinessDesk
March 23 (BusinessDesk) – New Zealand shares fell as doubts about the pace of global growth dented investors’ appetite for equities. Michael Hill International and Hallenstein Glasson Holdings led a decline in retailers. More >>
NZ dollar rises from 2-mth low as Chinese fears ebb
Friday, 23 March 2012, 5:16 pm | BusinessDesk
March 23 (BusinessDesk) – The New Zealand dollar bounced back from a two-month low in local trading as fears over the slowdown in China’s economy eased, stoking demand for commodity-linked currencies. More >>
Ryall defends NZ record on infections among poor
Friday, 23 March 2012, 4:59 pm | BusinessDesk
March 23 (BusinessDesk) – New Zealand Health Minister Tony Ryall has defended the country’s record on tackling infectious diseases among poor Maori and Pacific Islander, saying money is being spent on immunisation, rheumatic fever and health checks. More >>
