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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 1418]
NZ Dollar Outlook: Kiwi to trade near top of recent range
Monday, 13 February 2012, 1:22 pm | BusinessDesk
NZ Dollar Outlook: Kiwi to trade near top of recent range as Greece nears finish line More >>
JB Hi-Fi's New Zealand stores shine in lacklustre first-half
Monday, 13 February 2012, 12:49 pm | BusinessDesk
Feb. 13 (BusinessDesk) - JB Hi-Fi's New Zealand operations shone in the Australia-based electronic goods retailer's otherwise lacklustre first-half results. More >>
Kerr’s Torchlight debt threats sent to Australian regulator
Monday, 13 February 2012, 12:37 pm | BusinessDesk
Feb. 13 (BusinessDesk) – George Kerr’s Torchlight Investment Group, a subsidiary of Pyne Gould Corp which specialises in squeezing value from underperforming assets, will come under scrutiny from the Australian Takeovers Panel after issuing ASX-listed ... More >>
MIDDAY UPDATE: NZ dollar rises as Greeks say yes
Monday, 13 February 2012, 12:11 pm | BusinessDesk
Feb. 13 (BusinessDesk) – The New Zealand dollar rose against the greenback as Greek politicians approved a deal on austerity measures needed to win a second international bailout package. More >>
Feltex liquidators issue proceedings against Ernst & Young
Monday, 13 February 2012, 11:44 am | BusinessDesk
Feb. 13 (BusinessDesk) – The liquidators for Feltex have issued proceedings against auditor Ernst & Young (EY), according to their latest report on the failed carpet maker. More >>
Transfield signs NZ grid contract worth up to $498 mln
Monday, 13 February 2012, 11:20 am | BusinessDesk
Feb. 13 (BusinessDesk) – Australian infrastructure specialist Transfield Services has extended its 15-year relationship with the New Zealand national grid operator Transpower for another six years, in a contract worth potentially half a billion ... More >>
Tax relief for some former Hanover investors, IRD says
Monday, 13 February 2012, 11:11 am | BusinessDesk
Feb. 13 (BusinessDesk) – Investors in the failed Hanover and United finance companies who accepted shares of Allied Farmers in a debt-for-equity swap may be entitled to deduct any losses incurred when they sold their holdings, Inland Revenue says. More >>
SCF accused name suppression lapses, Timaru Herald reports
Monday, 13 February 2012, 10:50 am | BusinessDesk
Feb. 13 (BusinessDesk) – Name suppression for the last two people accused of committing a $1.7 billion fraud though failed lender South Canterbury Finance lapsed today. More >>
Freightways first-half profit jumps 20%, lifts dividend
Monday, 13 February 2012, 10:49 am | BusinessDesk
Feb. 13 (BusinessDesk) – Freightways posted a 20 percent jump in first-half profit on revenue gains across all is businesses, giving the courier and information management company room to pay a higher-than-expected interim dividend. More >>
Over—paying just as risky as underpaying,, says Hudson
Monday, 13 February 2012, 10:13 am | BusinessDesk
Feb. 13 (BusinessDesk) – Overpaying employees is just as risky as underpaying them, according to recruitment firm Hudson’s latest report, as no organisation wants to be represented by someone driven by price. More >>
NZ earnings season to show firms chasing sales; profits dip
Monday, 13 February 2012, 9:34 am | BusinessDesk
Feb. 13 (BusinessDesk) – New Zealand listed companies will show revenue growth in the latest earnings season, though that won’t translate into fatter profits, according to broker Forsyth Barr. More >>
UPDATED: NZ dollar little changed as Greek deal looms
Monday, 13 February 2012, 8:53 am | BusinessDesk
Feb. 13 (BusinessDesk) – The New Zealand dollar was little changed from Friday’s close against the greenback and the euro ahead of a vote by Greek politicians on austerity measures needed to win a second international bailout package. More >>
NZ dollar falls vs. greenback, euro as Greek deal looms
Monday, 13 February 2012, 8:42 am | BusinessDesk
Feb. 13 (BusinessDesk) – The New Zealand dollar declined against the greenback and the euro ahead of a vote by Greek politicians on austerity measures needed to win a second international bailout package. More >>
MARKET CLOSE: NZ shares rise, Fletcher reaches 4-month high
Friday, 10 February 2012, 5:52 pm | BusinessDesk
Feb. 10 (BusinessDesk) – New Zealand shares rose as Fletcher Building climbed to a four-month high on speculation its earnings will recover from their current slump as the rebuild of Christchurch drives construction activity. More >>
Trade Me taps Methven out of the NZX50
Friday, 10 February 2012, 5:46 pm | BusinessDesk
Feb. 10 (BusinessDesk) – Online auction site Trade Me will oust tapmaker Methven in the NZX 50 Index from Feb. 20, the stock exchange operator said today. More >>
Wet summer doesn’t deter classic kiwi Christmas
Friday, 10 February 2012, 5:22 pm | BusinessDesk
Feb. 10 (BusinessDesk) – A wetter than usual December didn’t dent the classic kiwi Christmas getaway, as holiday park guest nights rose 4.7 percent in the month More >>
MONEY TALKS: What if the Feltex class action takes wings?
Friday, 10 February 2012, 5:21 pm | BusinessDesk
From the moment something looks like a good thing, we just have to jump on board. More >>
NZ dollar falls from 5-mth high; Greek deal optimism abates
Friday, 10 February 2012, 5:20 pm | BusinessDesk
Feb. 10 (BusinessDesk) – The New Zealand dollar slipped from near a five-month high, having been driven up as Greek policymakers finally reached accord with their private bondholders. More >>
Bayleys re-integrates franchises to family arm
Friday, 10 February 2012, 5:13 pm | BusinessDesk
Feb. 10 (BusinessDesk) – Bayleys, the family-owned real estate company, has re-integrated three of its North Shore franchisee-owned residential sales offices into its parent company operations. More >>
Open Country posts FY loss on high milk prices, NZ dollar
Friday, 10 February 2012, 4:38 pm | BusinessDesk
Feb. 10 (BusinessDesk) - Open Country Dairy, the milk processor controlled by the Talley family, tripled its full-year loss on the soaring price of raw milk and a strong kiwi dollar, and said it was forced to seek a waiver from its bank. More >>
