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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 1397]
MARKET CLOSE: NZ shares fall a second day; CEN, Air NZ drop
Monday, 19 March 2012, 6:00 pm | BusinessDesk
March 19 (BusinessDesk) - New Zealand shares fell for a second day, having reached a nine-month high last week, as investors pondered whether this week's gross domestic product figures will show an economy growing fast enough to justify gains in equities. ... More >>
NZ dollar gains as consumer confidence improves
Monday, 19 March 2012, 5:22 pm | BusinessDesk
March 19 (BusinessDesk) – The New Zealand dollar gained in local trading as improving consumer confidence and a pick-up in the service sector stoked optimism about the pace of the nation’s economic recovery. More >>
Kiwifruit exports to fall in 2012 after record season
Monday, 19 March 2012, 2:56 pm | BusinessDesk
March 19 (BusinessDesk) – Zespri International, the kiwifruit marketer, said its 2012’s exports will fall back to ‘normal’ levels after a record 2011 season, as Pseudomona Syringae pv actinidiae bacteria continues to ravage orchards. More >>
NZ Dollar Outlook: Kiwi may rise on GDP, local data
Monday, 19 March 2012, 12:58 pm | BusinessDesk
March 19 (BusinessDesk) – The New Zealand dollar may finish the week at the top of its recent trading range amid speculation figures will show the local economy has continued to expand while the current account deficit shrank. More >>
MIDDAY UPDATE: NZ consumer confidence rises
Monday, 19 March 2012, 12:06 pm | BusinessDesk
March 19 (BusinessDesk) - New Zealand consumer confidence rose in the first three months of 2012, though kiwis remain less optimistic about the outlook for the next five years. More >>
Shallower economic recovery tipped in NZIER survey
Monday, 19 March 2012, 12:01 pm | BusinessDesk
March 19 (BusinessDesk) – Economists have cut their growth expectations over the coming two years, forecasting a slower and shallower recovery as the Canterbury rebuild suffers delays. More >>
NZ service sector has highest level of February activity
Monday, 19 March 2012, 11:28 am | BusinessDesk
March 19 (BusinessDesk) - New Zealand’s services sector expanded last month, recording its highest February result since the BNZ-BusinessNZ Performance of Services Index survey began in 2007. More >>
NZ farm prices rise in February
Monday, 19 March 2012, 10:57 am | BusinessDesk
March 19 (BusinessDesk) – New Zealand farm prices extended their gains in the latest rolling three month period ending in February as higher production offset a softening in the prices achieved for locally produced raw materials. More >>
Christchurch facing accommodation ‘crisis’: REINZ
Monday, 19 March 2012, 10:50 am | BusinessDesk
March 19 (BusinessDesk) – Christchurch is facing an accommodation “crisis” with virtually no rental properties available, putting the reconstruction effort in jeopardy, according to the Real Estate Institute. More >>
NZ consumer confidence gains in 1st-qtr after 4Q slump
Monday, 19 March 2012, 10:40 am | BusinessDesk
March 19 (BusinessDesk) – New Zealand consumer confidence rose in the first three months of the year, edging up after a fourth-quarter slump, though kiwis have become less optimistic about the outlook for the next five years. More >>
AWF buys South Island nursing home help service
Monday, 19 March 2012, 9:53 am | BusinessDesk
March 19 (BusinessDesk) – AWF Group, formerly known as Allied Work Force, will pay an undisclosed sum to buy South Island-based healthcare provider Nursing Home Help Service. More >>
NZ dollar falls as investors prepare for slower local growth
Monday, 19 March 2012, 8:52 am | BusinessDesk
March 19 (BusinessDesk) – The New Zealand dollar fell as investors gear up for a heavy week of local data which will probably show economic growth slowed in the last three months of 2011. More >>
NZ dollar extends gains as China intervenes to raise yuan
Friday, 16 March 2012, 5:35 pm | BusinessDesk
March 16 (BusinessDesk) – The New Zealand dollar extended gains in local trading as the People’s Bank of China strengthened the yuan, stoking demand for so-called commodity-linked currencies. More >>
MARKET CLOSE: NZX 50 snaps 12-day rally; Fletcher, TEL fall
Friday, 16 March 2012, 5:32 pm | BusinessDesk
March 16 (BusinessDesk) – New Zealand shares snapped a 12-day rally as some investors locked in a 6.4 percent gain. Fletcher Building, Trade Me and Telecom – some of the biggest gainers this month, paced today’s decline. More >>
MONEY TALKS: Following the money in a campervan?
Friday, 16 March 2012, 5:15 pm | BusinessDesk
The first piece of advice you get in business reporting is to follow the money. More >>
GDP Preview: Lacklustre manufacturing weighed on Q4
Friday, 16 March 2012, 5:02 pm | BusinessDesk
March 16 (BusinessDesk) – The New Zealand economy probably slowed in the final three months of 2011 as a drop in manufacturing offset strong farming outputs and improving retail trade and construction sectors. More >>
Todd crystallises control of King Country Energy
Friday, 16 March 2012, 4:32 pm | BusinessDesk
March 16 (BusinessDesk) – Todd Energy has sold its half-interest in the 38 Megawatt hydro-electric power station on the Mangahao River to its other shareholder, King Country Energy, in a cash and shares deal that makes Todd the 54.1 percent owner ... More >>
BT Funds likes GPG under 50 cents; shares up this week
Friday, 16 March 2012, 3:22 pm | BusinessDesk
March 16 (BusinessDesk) – Shares in GPG recovered from bargain basement levels this week, rising from 45 cents to 52 cents as investors reassessed the likely break-up value of the group. More >>
ArborGen faces faster route to commercialisation in US
Friday, 16 March 2012, 2:08 pm | BusinessDesk
March 16 (BusinessDesk) – Forestry biotech company ArborGen, which counts NZX-listed Rubicon as a major shareholder, may be on a quicker route to taking one of its products to market after US officials trimmed the timeline in the approval process of biotechnology ... More >>
Glass Earth Gold buys out Dunstan Mining partner for $4M
Friday, 16 March 2012, 12:29 pm | BusinessDesk
March 16 (BusinessDesk) - Glass Earth Gold, the miner whose shares trade on the NZAX and Canada’s TSX Venture Exchange, has bought out joint venture partner in Otago for $4 million. More >>
