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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 1420]
Mariner onsells GPG food asset for A$850k, shares surge 20%
Thursday, 9 February 2012, 3:36 pm | BusinessDesk
Feb. 9 (BusinessDesk) – Mariner Corp, the ASX-listed investment company, has immediately on sold one of the Guinness Peat Group food it bought this month. Its shares jumped by a fifth on the ASX More >>
Steel & Tube's first-half profit falls 24%, outlook tepid
Thursday, 9 February 2012, 3:10 pm | BusinessDesk
Feb. 9 (BusinessDesk) - Steel & Tube Holdings, the construction materials supplier, reported a 2.4 percent fall in first-half profit, and isn't expecting much improvement in a hurry. More >>
Kiwis would adopt highspeed broadband to tap video content
Thursday, 9 February 2012, 2:48 pm | BusinessDesk
Feb. 9 (BusinessDesk) – New Zealand consumers would take up ultrafast broadband (UFB) to tap into video content such as blockbuster movies and top-rating television programmes, according to a study commissioned by the antitrust regulator. More >>
LIC lifts 1H net profit 12.3% as dairy farmers test more
Thursday, 9 February 2012, 1:53 pm | BusinessDesk
Feb. 9 (BusinessDesk) - Livestock Improvement Corporation (LIC), the listed dairy farmer cooperative, said first-half net profit rose 12.3 percent on growing use by farmers of its herd testing products. More >>
Ports of Auckland wharfies flag 7-day strike
Thursday, 9 February 2012, 1:04 pm | BusinessDesk
Feb. 9 (BusinessDesk) – The Maritime Union of New Zealand has issued Ports of Auckland with a new seven-day full strike notice. More >>
TelstraClear returns to 1H EBIT profit on cost-cutting
Thursday, 9 February 2012, 12:12 pm | BusinessDesk
Feb. 9 (BusinessDesk) – TelstraClear, the local subsidiary of Australian phone company Telstra, returned to profit on a pretax earnings basis as it recognised benefits from its cost-cutting programme. More >>
MIDDAY UPDATE: NZ jobless rate drops to 6.3%
Thursday, 9 February 2012, 12:06 pm | BusinessDesk
Feb. 9 (BusinessDesk) – New Zealand’s annual jobs growth shows the economy is moving in the right direction, with the unemployment rate falling to a 21-month low on a sharp rise in the number of part-time workers. More >>
NZ annual jobs growth ‘broadly positive’, jobless rate falls
Thursday, 9 February 2012, 11:46 am | BusinessDesk
Feb. 9 (BusinessDesk) – New Zealand’s annual jobs growth shows the economy is moving in the right direction, with the unemployment rate falling to a 21-month low on a sharp rise in the number of part-time workers. More >>
Staff from Office Assignee move to secure Dotcom assets
Thursday, 9 February 2012, 11:43 am | BusinessDesk
Feb. 9 (BusinessDesk) – The Official Assignee Office, responsible for insolvency and trustee services, is working to secure Kim Dotcom’s assets from his $4.3 million family home seized by New Zealand authorities. More >>
NZ unemployment rate drops to 6.3% on jump in part-time work
Thursday, 9 February 2012, 10:57 am | BusinessDesk
Feb. 9 (BusinessDesk) – New Zealand’s unemployment rate fell more than expected in the final three months of last year, reflecting a sharp rise in part-time employment and a decline in the number of people looking for work. More >>
Mercury raises prices 5.8%, blames monopoly charges
Thursday, 9 February 2012, 10:04 am | BusinessDesk
Feb. 9 (BusinessDesk) – Mercury Energy is raising its prices across the country by an average of 5.8 percent, blaming the bulk of the increase on the sharp lift in charges from the national grid company, Transpower, as it invests billions of ... More >>
Tenon to distribute Eastman’s long-life wooden decking in US
Thursday, 9 February 2012, 9:53 am | BusinessDesk
Feb. 9 (BusinessDesk) – Tenon, the NZX-listed company that sells wood mouldings in the US, signed a deal to distribute a long-life wooden decking product made by Eastman Chemicals. More >>
2degrees grabs bigger share of mobile phone market
Thursday, 9 February 2012, 9:31 am | BusinessDesk
Feb. 9 (BusinessDesk) – Two Degrees Mobile, the newest entrant in the mobile phone market, has grabbed more customers from bigger rivals Telecom and Vodafone New Zealand and boosted its market share. More >>
F&P Healthcare extends US distribution deal with CareFusion
Thursday, 9 February 2012, 9:26 am | BusinessDesk
Feb. 9 (BusinessDesk) - Fisher & Paykel Healthcare said it has renewed an exclusive US distribution agreement with global medical technology company CareFusion for a further three years. More >>
NZ dollar falls from 5-mth high on news Italy in recession
Thursday, 9 February 2012, 9:10 am | BusinessDesk
Feb. 9 (BusinessDesk) – The New Zealand dollar retreated from a new five-month high after reports Italy has fallen into recession helped offset optimism that the euro zone is nearing a solution to Greece’s sovereign debt crisis. More >>
From the Farm: Milk wars? Yeah right
Thursday, 9 February 2012, 8:36 am | BusinessDesk
Nosh is a boutique supermarket chain based in Auckland. A sort of mini version of Wellington's Moore Wilson. Lots of yummy things for those who don't need to look for the budget brand sliced loaf. More >>
While you were sleeping: In Greek limbo
Thursday, 9 February 2012, 7:11 am | BusinessDesk
Feb. 9 (BusinessDesk) - Stock markets on both sides of the Atlantic were weaker as investors feared another day might go by without an agreement that will secure Greece the financial rescue it needs to avoid collapse. More >>
MARKET CLOSE: NZ shares rise on Hallenstein earnings, Tower
Wednesday, 8 February 2012, 5:50 pm | BusinessDesk
Feb. 8 (BusinessDesk) - New Zealand shares rose, pushing the NZX 50 Index to a three-month high, after insurer Tower said it was mulling a capital return and retailer Hallenstein Glasson Holdings flagged a jump in profit. More >>
NZ dollar climbs to 3-month vs. yen on current-account fears
Wednesday, 8 February 2012, 5:20 pm | BusinessDesk
Feb. 8 (BusinessDesk) – The New Zealand dollar climbed to a three-month high against the yen amid speculation Japan may be facing its first current account deficit since 1981, sapping investors’ appetite for the safe-haven asset. More >>
NZ Experience slashes 1H profit guidance in half
Wednesday, 8 February 2012, 4:32 pm | BusinessDesk
Feb. 8 (BusinessDesk) - New Zealand Experience expects its first-half net profit to come in about $750,000, well below its previous guidance of between $1.4 million and $1.6 million and below the $1.01 million it reported for its previous first half. More >>
