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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 1404]
Kiwis renew interest in home lending, Veda says
Tuesday, 6 March 2012, 2:37 pm | BusinessDesk
March 6 (BusinessDesk) – New Zealanders are testing the waters to ramp up their mortgage debt, with a 23 percent jump in mortgage inquiries over the past three months, according to credit bureau Veda. More >>
Trustees Executors profit surges
Tuesday, 6 March 2012, 12:44 pm | BusinessDesk
March 6 (BusinessDesk) – Trustees Executors, the trustee company chaired by former Prime Minister Jim Bolger, boosted annual profit by more than 10 times after shedding a liability from a failed mortgage fund. More >>
Lincoln University heads West for new leadership
Tuesday, 6 March 2012, 12:07 pm | BusinessDesk
March 6 (BusinessDesk) – Lincoln University has appointed Andy West to be its new head from mid-April. More >>
MIDDAY UPDATE: NZ company tax take falls; Kiwi dollar drops
Tuesday, 6 March 2012, 11:59 am | BusinessDesk
March 6 (BusinessDesk) – The government’s corporate tax may miss forecasts for the rest of the financial year, leaving the Crown vulnerable to a bigger-than-expected annual deficit, the New Zealand Treasury says. More >>
IRG advising second company on potential NZ listing
Tuesday, 6 March 2012, 11:20 am | BusinessDesk
March 6 (BusinessDesk) – Investment Research Group says it has signed a contract to advise another company that may list on the NZX, following the listing of Malaysian internet service provider Mykris in January. More >>
Pumpkin Patch enters Mexico, expands in Middle East
Tuesday, 6 March 2012, 11:01 am | BusinessDesk
March 5 (BusinessDesk) – Pumpkin Patch, the children’s clothing retailer, will now sell clothes in 21 countries after signing an agreement with Mexico’s leading department store, Liverpool. The company also announced plans to ramp up distribution ... More >>
NZ corporate tax take to dwindle in 2012, Treasury says
Tuesday, 6 March 2012, 10:47 am | BusinessDesk
March 6 (BusinessDesk) – New Zealand’s Treasury says the government’s corporate tax take may miss forecasts for the rest of the financial year, leaving the Crown vulnerable to a bigger-than-expected annual deficit. More >>
Electricity investment not worthwhile at current prices: CEO
Tuesday, 6 March 2012, 10:46 am | BusinessDesk
March 6 (BusinessDesk) – Electricity consumers are paying less than the cost of secure supplies, making the industry unattractive to investors, says the chief executive of Contact Energy, Dennis Barnes. More >>
NZ dollar falls as China cuts growth target
Tuesday, 6 March 2012, 8:34 am | BusinessDesk
March 6. (BusinessDesk) – The New Zealand dollar fell against the greenback as China, the fastest-growing major economy, cut its growth target to the lowest level since 2005, sapping demand for growth-linked assets including the kiwi. More >>
While you were sleeping: China eases growth outlook
Tuesday, 6 March 2012, 6:47 am | BusinessDesk
March 6 (BusinessDesk) - Equities on Wall Street and in Europe fell amid signs from China and Europe that the economic outlook is dimming. More >>
MARKET CLOSE: NZ shares rise; F&P Healthcare, Fletcher up
Monday, 5 March 2012, 6:04 pm | BusinessDesk
March 5 (BusinessDesk) - New Zealand shares rose as Fisher & Paykel Healthcare benefitted from a weakening kiwi dollar and Fletcher Building was seen as a good bet on a recovery in the property market and home building. More >>
Insured Group slapped with $50k fine over late annual report
Monday, 5 March 2012, 5:51 pm | BusinessDesk
March 5 (BusinessDesk) – Insured Group, the Australian insurer who used Lombard Group for a backdoor listing on the NZX, has been slapped with a $50,000 fine by the stock exchange supervisor after failing to lodge its annual report in time. More >>
NZ dollar may extend decline as central bank meetings loom
Monday, 5 March 2012, 5:27 pm | BusinessDesk
March 5 (BusinessDesk) – The New Zealand dollar is poised to extend its decline as investors shy away from riskier, or higher-yielding, assets as central bank meetings take centre stage from the sovereign indebtedness of Europe. More >>
Angel investments falling on hard times
Monday, 5 March 2012, 3:52 pm | BusinessDesk
March 5 (BusinessDesk) – Angel investment slowed to a trickle in the latter half of last year, with the lowest total of new equity raised since the New Zealand Venture Investment Fund began running its Young Company Finance Index in 2006. More >>
Govt tables privatisation bill; mulls Air NZ options
Monday, 5 March 2012, 3:37 pm | BusinessDesk
March 5 (BusinessDesk) – Draft legislation to allow the partial privatisation of four state-owned energy companies has been tabled today, with its First Reading in Parliament due on Thursday. More >>
Talley’s, Olam commit $40.3 mln in Open Country rights issue
Monday, 5 March 2012, 2:13 pm | BusinessDesk
Talley’s, Olam commit $40.3 mln in Open Country rights issue as loan repayment looms More >>
NZ govt debt sales dip below run rate needed for $13B target
Monday, 5 March 2012, 1:32 pm | BusinessDesk
March 5 (BusinessDesk) - The government's debt sales have fallen below the $1.1 billion a month needed to meet this year's bond tender programme, which may force the Debt Management Office to offer higher yields to make up the shortfall. More >>
NZ Dollar Outlook: Kiwi may fall; RBNZ to keep rates low
Monday, 5 March 2012, 12:08 pm | BusinessDesk
March 1 (BusinessDesk) – The New Zealand dollar may fall this week amid speculation the Reserve Bank will keep its benchmark interest rate at a record low in the face of tepid economic growth and tame inflation. More >>
MIDDAY UPDATE: Exodus to Oz continues
Monday, 5 March 2012, 11:54 am | BusinessDesk
March 5 (BusinessDesk) – After a record outflow of migrants to Australia last year, official figures show that number has been beaten in the 12 months ended Jan. 31, with a marked increase in departures from Canterbury. More >>
NZ exodus to Australia continues in January
Monday, 5 March 2012, 10:54 am | BusinessDesk
March 5 (BusinessDesk) – New Zealand recorded its biggest loss of migrants in a 12-month period since August 2001, as kiwis continued to jump the ditch seeking a better standard of life and higher-paying jobs in Australia. More >>
