Scoop has an Ethical Paywall
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 1409]
While you were sleeping: Boost from US home sales
Tuesday, 28 February 2012, 7:39 am | BusinessDesk
Feb. 28 (BusinessDesk) - Data showing a stronger-than-expected advance in pending US home sales last month has underpinned Wall Street at the start of the week, and an at least easing of the price of oil also helped. More >>
Non-govt providers take key role in youth welfare reforms
Monday, 27 February 2012, 6:24 pm | BusinessDesk
Feb. 27 (BusinessDesk) – Non-government service providers will take the lead role in helping at-risk youths in the first leg of the government’s welfare reforms, says Welfare Minister Paula Bennett. More >>
Government in a "terrible position’ over Crafar: Key
Monday, 27 February 2012, 5:57 pm | BusinessDesk
Feb. 27 (BusinessDesk) – The government is seeking advice on seeking a declaratory ruling on the meaning of Justice Forrest Miller’s ruling knocking back approval of the sale of the so-called Crafar farms to the the Shanghai Pengxin group. More >>
MARKET CLOSE: NZ shares fall to month-low
Monday, 27 February 2012, 5:43 pm | BusinessDesk
Feb. 27 (BusinessDesk) – New Zealand shares fell, pushing the NZX 50 Index to a month-low, as investors pondered where companies will find their earnings growth in an economy that’s set for only a gradual improvement this year. Sky City Entertainment ... More >>
Court backs Electricity Authority over massive price spike
Monday, 27 February 2012, 5:25 pm | BusinessDesk
Feb. 27 (BusinessDesk) – The Electricity Authority’s decision to strike down sky-high power prices that occurred on March 26 last year has been vindicated by a High Court decision throwing out appeals by generators Contact and Genesis. More >>
Kiwi falls on trade deficit, all eyes on ECB lending
Monday, 27 February 2012, 5:19 pm | BusinessDesk
Feb. 27 (BusinessDesk) – The New Zealand dollar fell through the local trading session after an unexpected trade deficit for the month of January, ahead of the European Central Bank’s second round of loans to financial institutions. More >>
Auckland port and union to resume talks on Thursday
Monday, 27 February 2012, 4:33 pm | BusinessDesk
Feb. 27 (BusinessDesk) – The Maritime Union of New Zealand will resume mediation talks with the Ports of Auckland later this week, although the port remains closed for a three week strike that started last Friday. More >>
Hellaby lifts 1H profit 42% as equipment division rebounds
Monday, 27 February 2012, 3:48 pm | BusinessDesk
Feb. 27 (BusinessDesk) - Investment company Hellaby Holdings lifted first-half profit 42 percent as interest costs fell sharply and the profitability of its equipment division recovered strongly. More >>
Seeka sinks into the red on orchard, goodwill write-downs
Monday, 27 February 2012, 3:38 pm | BusinessDesk
Feb. 27 (BusinessDesk) – Seeka Kiwifruit Industries, the grower which aborted a merger with rival Satara Cooperative last year, has sunk into the red after writing down the value of its orchards and goodwill as an Italian vine bacteria outbreak ... More >>
REPEAT: Brierley reconvenes old gang in Mercantile placement
Monday, 27 February 2012, 2:06 pm | BusinessDesk
Feb. 27 (BusinessDesk) – Corporate raider Ron Brierley has reconvened some of his old gang via an A$2 million placement for his latest enterprise, ASX-listed Mercantile Investment Co. More >>
Brierley reconvenes some of the old gang in A$2M placement
Monday, 27 February 2012, 1:23 pm | BusinessDesk
Feb. 27 (BusinessDesk) – Corporate raider Ron Brierley has reconvened some of his old gang via an A$2 million placement for his latest enterprise, ASX-listed Mercantile Investment Co. More >>
NZ Dollar Outlook: Kiwi may gain on global growth, ECB loans
Monday, 27 February 2012, 12:16 pm | BusinessDesk
Feb. 27 (BusinessDesk) – The New Zealand dollar may gain this week on speculation economic figures out of the US and China will show global growth remains intact, while European lenders are expected to gorge on the European Central Bank’s second ... More >>
MIDDAY UPDATE: NZ trade balance in deficit on aircraft
Monday, 27 February 2012, 12:05 pm | BusinessDesk
Feb. 27 (BusinessDesk) – New Zealand’s merchandise trade balance turned to a deficit of $199 million in January, from a revised surplus of $306 million a month earlier, reflecting the impact of an imported aircraft. More >>
Turners & Growers posts FY loss on orchard write-downs
Monday, 27 February 2012, 11:26 am | BusinessDesk
Turners & Growers posts FY loss of $18.9 mln on orchard write-downs, takeover costs More >>
NZ trade balance slips into deficit in January on aircraft
Monday, 27 February 2012, 10:54 am | BusinessDesk
Feb. 27 (BusinessDesk) – New Zealand reported a trade deficit in January as a one-off aircraft purchase skewed the import balance, erasing what would have been a small surplus. More >>
Energy Mad sees FY EBITDA loss as order talks drag
Monday, 27 February 2012, 9:22 am | BusinessDesk
Feb. 27 (BusinessDesk) – Energy Mad, the energy efficient light-bulb maker that went public in November, expects to post a full-year loss - the second time in a month it has cut earnings guidance - after failing to close a $1.8 million deal with ... More >>
NZ dollar little changed, may gain on US data, EBC lending
Monday, 27 February 2012, 9:04 am | BusinessDesk
Feb. 27 (BusinessDesk) – The New Zealand was little changed within its recent range and may gain against the greenback and the euro ahead of US manufacturing data and the second round of European Central Bank lending. More >>
NZ dollar rises as euro-fears ebb
Friday, 24 February 2012, 5:57 pm | BusinessDesk
Feb. 24 (BusinessDesk) – The New Zealand dollar rose within its recent trading range against the greenback and euro as German business confidence added to relief in the wake of Greece’s bailout deal. More >>
MARKET CLOSE: NZ shares fall; Air NZ, Guinness Peat lead
Friday, 24 February 2012, 5:48 pm | BusinessDesk
Feb. 24 (BusinessDesk) – New Zealand shares fell. Air New Zealand sank after earnings tumbled, reflecting high fuel costs and fewer long-haul passengers and Guinness Peat Group fell to a three-year low after posting an earnings slump to reflect its wind ... More >>
BREAKING: Former NZ Justice Minister Bill Jeffries to appeal
Friday, 24 February 2012, 5:05 pm | BusinessDesk
Feb. 24 (BusinessDesk) – Former New Zealand Justice Minister Bill Jeffries plans to appeal a High Court judgment that found him guilty of making untrue statements as a director of Lombard Finance. More >>
