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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 1403]
Energy Mad needs to smarten its act, IPO organiser says
Wednesday, 7 March 2012, 2:25 pm | BusinessDesk
March 7 (BusinessDesk) – Energy efficient lightbulb maker and wholesaler Energy Mad needs to smarten up its operational disciplines and will tend to suffer lumpy earnings, but is still a long term growth story despite “badly missing” its profit ... More >>
UPDATED: CERA says 26k Chch sections coming to market
Wednesday, 7 March 2012, 1:46 pm | BusinessDesk
March 7 (BusinessDesk) – The Canterbury Earthquake Recovery Authority says 26,000 sections should be coming to market for development in the devastated city of Christchurch next year. More >>
TAG Oil banks another 1,100 barrels of oil daily
Wednesday, 7 March 2012, 12:32 pm | BusinessDesk
March 7 (BusinessDesk) – Canadian listed oil and gas company TAG Oil is producing 4,000 barrels of oil a day from its onshore Taranaki fields after adding a further 1,100 barrels a day from its Cheal-B7 well, and has another 3,500 barrels daily ready ... More >>
Restaurant Brands' Q4 sales fell 5.5%, annual sales down 5%
Wednesday, 7 March 2012, 12:28 pm | BusinessDesk
March 7 (BusinessDesk) - Fast food company Restaurant Brands' fourth quarter sales fell 5.5 percent to $69.8 million with most of the decline reflecting the closure of earthquake-affected stores in Christchurch and the continuing sell-off of its ... More >>
CERA says 6,000 Christchurch sections coming to market
Wednesday, 7 March 2012, 12:27 pm | BusinessDesk
March 7 (BusinessDesk) – The Canterbury Earthquake Recovery Authority says 6,000 sections should be coming to market for development in the devastated city of Christchurch next year. More >>
CERA says 6,000 Christchurch sections coming to market
Wednesday, 7 March 2012, 12:23 pm | BusinessDesk
March 7 (BusinessDesk) – The Canterbury Earthquake Recovery Authority says 6,000 sections should be coming to market for development in the devastated city of Christchurch next year. More >>
MIDDAY UPDATE: Postie Plus, Restaurant Brands’ sales fall
Wednesday, 7 March 2012, 12:16 pm | BusinessDesk
March 7 (BusinessDesk) – Shares of Postie Plus Group fell 4 percent after the clothing retailer said its first-half loss widened after a 4.6 percent decline in sales. More >>
CORRECT: Postie Plus flags wider 1H loss on weak sales
Wednesday, 7 March 2012, 11:55 am | BusinessDesk
March 7 (BusinessDesk) – Postie Plus Group, the clothing retailer, said its first-half loss widened after a 4.6 percent decline in sales. More >>
NZ wholesale trade rises 2.5% in 4Q
Wednesday, 7 March 2012, 11:34 am | BusinessDesk
March 7 (BusinessDesk) – New Zealand wholesale trade rose in the final three months of 2011, led by an increase in machinery and equipment, after two little-changed quarters. More >>
Ports of Auckland sacks striking wharfies, outsources work
Wednesday, 7 March 2012, 10:48 am | BusinessDesk
March 7 (BusinessDesk) – Ports of Auckland, New Zealand’s largest container port, will make 292 workers redundant and outsource its stevedoring services, saying existing labour contracts have eroded its competitiveness and caused it to lose business. More >>
Postie Plus flags wider first-half loss on weak sales
Wednesday, 7 March 2012, 10:18 am | BusinessDesk
March 7 (BusinessDesk) – Postie Plus Group, the clothing retailer, said its first-half loss widened after a 4.6 percent decline in sales. More >>
BayWa gets OIO approval to buy Turners & Growers
Wednesday, 7 March 2012, 8:58 am | BusinessDesk
March 7 (BusinessDesk) – Germany’s BayWa Atiengesellschaft has secured Overseas Investment Office approval for its takeover of local fruit marketer Turners & Growers, and has declared its offer unconditional. More >>
NZ dollar falls to 6-week low; RBNZ, Greek deal loom
Wednesday, 7 March 2012, 8:47 am | BusinessDesk
NZ dollar falls to 6-week low ahead of RBNZ review; Greek debt-swap looms More >>
While you were sleeping: Euro worries resurface
Wednesday, 7 March 2012, 7:40 am | BusinessDesk
March 7 (BusinessDesk) - Renewed concern about the impact of the Greek debt crisis on Europe's limping economy exacerbated fears about the slowing pace of global growth, sending stock markets on both sides of the Atlantic sharply lower. More >>
MARKET CLOSE: NZ shares rise; Guinness Peat, Tower gain
Tuesday, 6 March 2012, 5:59 pm | BusinessDesk
March 6 (BusinessDesk) - New Zealand shares rose, led by Guinness Peat Group as investors speculated on when the investment group will divest its stake in insurance group Tower. Pumpkin Patch rose after the children's clothing retailer announce global ... More >>
NZ dollar drops to month-low on China outlook; RBA on hold
Tuesday, 6 March 2012, 5:19 pm | BusinessDesk
NZ dollar drops to month-low as investors spurn riskier assets, RBA keeps easing bias More >>
RBA holds interest rates steady, growth 'close to trend'
Tuesday, 6 March 2012, 5:10 pm | BusinessDesk
March 6 (BusinessDesk) - The Reserve Bank of Australia has held interest rates steady because its expects growth will be close to trend and inflation close to its target two to three percent range. More >>
Windflow Technology scores American licensing deal
Tuesday, 6 March 2012, 3:35 pm | BusinessDesk
March 6 (BusinessDesk) – Windflow Technologies, the Christchurch-based wind turbine designer and manufacturer, has signed a deal with Texas-based General Dynamics Satcom Technologies to supply the Americas. More >>
Keep interest rates low or lower, NZIER ‘shadow board’ says
Tuesday, 6 March 2012, 3:13 pm | BusinessDesk
March 6 (BusinessDesk) – The Reserve Bank should keep the official cash rate at a record low 2.5 percent, or even cut the rate, according to the NZIER’s ‘shadow board’, which gives its views ahead of the central bank’s Monetary Policy Statement. More >>
Auckland Airport passengers bolstered by Chinese visitors
Tuesday, 6 March 2012, 2:42 pm | BusinessDesk
March 6 (BusinessDesk) – Auckland International Airport, the country’s major gateway, boosted international passenger movements in January on a surge in Chinese arrivals. More >>
