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 1414]
MARKET CLOSE: NZ shares rise; Michael Hill, OceanaGold climb
Friday, 17 February 2012, 6:09 pm | BusinessDesk
Feb. 17 (BusinessDesk) – New Zealand shares rose, paced by companies that didn’t disappoint on earnings, including jeweller Michael Hill International and gold miner OceanaGold. Heartland New Zealand weakened after its results. More >>
NZ dollar extends gains as Bollard says economy understated
Friday, 17 February 2012, 5:26 pm | BusinessDesk
Feb. 17 (BusinessDesk) – The New Zealand dollar extended gains through the local trading session after Reserve Bank Governor Alan Bollard said the nation’s economic performance is probably understated by official data, amid upbeat investor sentiment ... More >>
Cavalier 1H earnings sink in ‘difficult, challenging' market
Friday, 17 February 2012, 5:17 pm | BusinessDesk
Feb. 17 (BusinessDesk) - Cavalier Corp, New Zealand’s only listed carpet maker, confirmed a 58 percent slump in first-half earnings, saying the slump largely reflects “very difficult and challenging” conditions in Australia and New Zealand. More >>
Cookie maker claims NZ version of Apple’s China brand stoush
Friday, 17 February 2012, 4:16 pm | BusinessDesk
Feb. 17 (BusinessDesk) – Cookie Time is challenging a Chinese company's attempt to register its brand in what it says is a New Zealand version of Apple’s battle to protect its iPad in the world’s second-biggest economy. More >>
Spotless first-half profit fell 5.2% on PEP costs
Friday, 17 February 2012, 3:49 pm | BusinessDesk
Feb. 17 (BusinessDesk) - Cleaning and other services provider Spotless said first-half net profit fell 5.2 percent, reflecting the costs of dealing with private equity firm Pacific Equity Partners which wants to take over Spotless. More >>
MONEY TALKS: Are you willing to sell your house yet?
Friday, 17 February 2012, 3:22 pm | BusinessDesk
Another month goes by and more property data comes in telling us that things are, slowly but surely, getting back to normal. More >>
Kiwis urged to use motels, spend at home
Friday, 17 February 2012, 1:44 pm | BusinessDesk
Feb. 17 (BusinessDesk) – New Zealanders are being urged to spend more on travel within the country as Europe’s sovereign debt crisis saps demand from overseas travelers, according to the Motel Association. More >>
Fay-led group won’t budge on Crafar offer, touts $18M spend
Friday, 17 February 2012, 1:30 pm | BusinessDesk
Fay-led group doesn’t budge on offer for Crafar farms, promises to invest $18M More >>
Wool Services stake likely to be sold by June, receiver says
Friday, 17 February 2012, 12:54 pm | BusinessDesk
Feb. 17 (BusinessDesk) – The 64 percent stake in New Zealand Wool Service International up for grabs should be settled by June, according to the receiver of Allan Hubbard-related companies Plum Duff and Woolpak Holdings. More >>
Kiwis not so badly off vs. Australians as thought: Bollard
Friday, 17 February 2012, 12:49 pm | BusinessDesk
Feb. 17 (BusinessDesk) – New Zealanders may not be as badly off as thought versus Australians because of difference in the way the two nations measure their economies, says Reserve Bank of New Zealand Governor Alan Bollard. More >>
Pacific Brands posts A$362.4m first-half loss on writedown
Friday, 17 February 2012, 12:22 pm | BusinessDesk
Feb. 17 (BusinessDesk) - Struggling clothing, footwear and homeware company Pacific Brands' first-half loss widened after it wrote off goodwill in its underwear business and sales fell 20 percent. More >>
TAG Oil’s earnings leap as wells come on-stream
Friday, 17 February 2012, 11:59 am | BusinessDesk
Feb. 17 (BusinessDesk) – Canadian oil and gas producer TAG Oil, which operates onshore Taranaki and is exploring “unconventional” shale field prospect in the eastern North Island, has effectively quadrupled production revenues in the first ... More >>
MIDDAY UPDATE: SKY TV profits rise; ANZ lending falls
Friday, 17 February 2012, 11:57 am | BusinessDesk
MIDDAY UPDATE: SKY TV profits rise; ANZ lending falls, deposits grow Feb. 17 (BusinessDesk) – Sky Network Television, New Zealand’s major pay-TV company, posted a 3.8 percent gain in first-half profit, reflecting a jump in subscribers to its My Sky set-top ... More >>
Sky TV 1H profit rises 3.8% as My Sky subscribers surge
Friday, 17 February 2012, 10:51 am | BusinessDesk
Feb. 17 (BusinessDesk) – Sky Network Television, New Zealand’s major pay-TV company, posted a 3.8 percent gain in first-half profit, reflecting a jump in subscribers to its My Sky set-top box and higher revenue per user on the back of new channels ... More >>
ANZ National lending falls in 1Q, deposits grow
Friday, 17 February 2012, 10:49 am | BusinessDesk
Feb. 17 (BusinessDesk) – ANZ National Bank, New Zealand’s biggest lender, reported a fall in lending volumes in the final three months of 2011, even as it grew its deposit book. More >>
APN and Quadrant discuss outdoor advertising deal
Friday, 17 February 2012, 10:44 am | BusinessDesk
Feb. 17 (BusinessDesk) - APN News & Media, which owns the New Zealand Herald newspaper and a stake in The Radio Network, said it has entered “a period of exclusivity with Quadrant Private Equity in relation to a partnership opportunity across its ... More >>
OceanaGold reports strong FY profit on high gold prices
Friday, 17 February 2012, 10:32 am | BusinessDesk
Feb. 17 (BusinessDesk) - OceanaGold Corp., operator of the Macraes gold field who joined the NZX 50 in September, reported record annual sales as the company benefitted from peaking world gold prices during the year. More >>
Long-serving Warehouse CFO Luke Bunt steps down
Friday, 17 February 2012, 9:49 am | BusinessDesk
Feb. 17 (BusinessDesk) – Long-serving Warehouse Group chief financial officer Luke Bunt has resigned, extending an overhaul of the retailer executives. More >>
Metlifecare 1H underlying profit drops 38%
Friday, 17 February 2012, 9:23 am | BusinessDesk
Feb. 17 (BusinessDesk) – Metlifecare, the retirement village operator that raised $45.5 million last year, reported a 38 percent fall in underlying profit as a rising insurance bill pushed up the company’s costs. More >>
NZ dollar gains after better-than-expected US data
Friday, 17 February 2012, 8:48 am | BusinessDesk
Feb. 17 (BusinessDesk) – The New Zealand dollar rose after better-than-expected US manufacturing, housing and employment data pushed up stocks on Wall Street and boosted investors’ appetite for risk. The New Zealand rose to 83.24 US cents just ... More >>
