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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 1430]
Govt deaf to Fonterra on forced milk sales to competitors
Tuesday, 24 January 2012, 3:58 pm | BusinessDesk
Jan. 24 (BusinessDesk) – Fonterra’s cost of complying with special regulation is “significantly outweighed” by the benefits of its privileged position in the New Zealand dairy market, agriculture ministry officials have concluded. More >>
NZ cleaning company expanding in Asia
Tuesday, 24 January 2012, 1:46 pm | BusinessDesk
Jan. 24 (BusinessDesk) – Crest Commercial Cleaning, a specialist cleaning company, has announced plans to expand its New Zealand and Asia operations creating 150 jobs over the next 18 months, the company says. More >>
Comvita wins British patent fight
Tuesday, 24 January 2012, 1:34 pm | BusinessDesk
Jan. 24 (BusinessDesk) – Comvita, which makes manuka honey based health products, has won its bid to reinstate a British patent for a wound dressing that was declared invalid last year. More >>
Blue Chip directors, auditors face $40mln civil suit
Tuesday, 24 January 2012, 12:21 pm | BusinessDesk
Jan. 24 (BusinessDesk) – The liquidator for the Blue Chip group of companies has filed a $40 million claim against the failed property investment group, which banked investors’ funds straight into its own bank accounts instead of into trust accounts. More >>
MIDDAY UPDATE: $40 mln claim lodged against ex-Blue Chippers
Tuesday, 24 January 2012, 12:07 pm | BusinessDesk
MIDDAY UPDATE: $40 mln claim lodged against Blue Chip directors and auditors Jan. 24 (BusinessDesk) - Blue Chip liquidator Meltzer Mason Heath has lodged a statement of claim in the High Court in Auckland seeking more than $40 million for about 800 ... More >>
Health and education sectors to boost UFB uptake
Tuesday, 24 January 2012, 11:13 am | BusinessDesk
Jan. 24 (BusinessDesk) – The government’s ultra-fast broadband network should enjoy solid demand out of the health and education sectors, according to a Commerce Commission report. More >>
Lanzatech raises US$55.8 million in largest capital-raising
Tuesday, 24 January 2012, 9:38 am | BusinessDesk
Jan. 24 (BusinessDesk) – Bio-fuels pioneer Lanzatech has achieved its largest capital-raising to date, announcing it has secured US$55.8 million in new capital from a combination of leading Malaysian state and private funders, along with existing investors in ... More >>
NZ dollar gains near 3-month high as Europe debt fears ease
Tuesday, 24 January 2012, 9:07 am | BusinessDesk
Jan. 24 (BusinessDesk) – The New Zealand dollar rose near a three-month high as a European Union meeting of finance chiefs quelled investors’ concerns about the region’s sovereign indebtedness amid speculation policymakers will make progress ... More >>
While you were sleeping: Focus on euro meeting
Tuesday, 24 January 2012, 7:00 am | BusinessDesk
Jan. 24 (BusinessDesk) - The euro advanced to its highest in three weeks as European Union officials met for further discussions on a new fiscal pact as well as Greece's negotiations with its private creditors. More >>
SMELLIE ON SME’s: The essence of entrepreneurs’ success
Monday, 23 January 2012, 5:36 pm | BusinessDesk
Jan. 23 (BusinessDesk) - The world’s full of experts on business success. So why pick on Terry Murray, an executive coach, entrepreneur, and author with more than twenty years of experience in strategic planning, business leadership, and organisational ... More >>
NZ dollar creeps higher on improving global sentiment
Monday, 23 January 2012, 5:25 pm | BusinessDesk
Jan. 23 (BusinessDesk) – The New Zealand dollar crept higher against the euro and the greenback as European finance ministers prepare to meet for a fresh round of talks in a bid to lighten Greece’s debt burden and tackle the region’s sovereign ... More >>
MARKET CLOSE: Energy Mad takes a tumble in holiday trading
Monday, 23 January 2012, 5:18 pm | BusinessDesk
Jan. 23 (BusinessDesk) – Trading on the New Zealand sharemarket was even quieter than usual for a Monday, with trading rooms in Wellington closed for the annual anniversary holiday. More >>
Record travel week, says Auckland Airport
Monday, 23 January 2012, 2:31 pm | BusinessDesk
Jan. 23 (BusinessDesk) – Auckland International Airport, the nation’s largest gateway, has experienced record international travel demand for the week ended Jan. 8. More >>
MIDDAY UPDATE: OCR no change expected; Greek debt talks loom
Monday, 23 January 2012, 12:10 pm | BusinessDesk
MIDDAY UPDATE: OCR no change expected; Greek debt talks loom Jan. 23 (BusinessDesk) – Economists see no prospect of the Reserve Bank of New Zealand raising the historically low Official Cash Rate at its review this Thursday, and will only be looking for ... More >>
Kiwi IT firm lists on German stock exchange
Monday, 23 January 2012, 11:47 am | BusinessDesk
Jan. 23 (BusinessDesk) – Optimizer HQ, a New Zealand web design agency, has successfully begun trading on the Frankfurt Stock Exchange. More >>
NZ Dollar Outlook: Kiwi to nudge higher this week
Monday, 23 January 2012, 11:37 am | BusinessDesk
Jan. 23 (BusinessDesk) – The New Zealand dollar’s direction this week is likely to be dominated by talks between Greece and private creditors about a debt swap plan needed to prevent the country from default and the Reserve Bank’s official cash ... More >>
Energy Mad slashes EBITDA forecast by more than two-thirds
Monday, 23 January 2012, 10:15 am | BusinessDesk
Jan. 22 (BusinessDesk) – Newly listed energy efficient lightbulb marketer Energy Mad has slashed current year operating earnings projections in its prospectus from $3.5 million to $1.1 million, blaming production and product accreditation delays, ... More >>
World Week Ahead: Euro talks, US earnings
Monday, 23 January 2012, 9:12 am | BusinessDesk
Jan. 23 (BusinessDesk) - A slew of US earnings and meetings of Federal Reserve policymakers as well as European Union finance ministers will help set the mood in coming days. More >>
NZ dollar rises as Greek debt talks falter
Monday, 23 January 2012, 9:04 am | BusinessDesk
Jan. 23 (BusinessDesk) – The New Zealand dollar rose as investors fled the euro, with Greek and European Union officials meeting to discuss decisions made between private bondholders on how to lower the nation’s borrowing costs. More >>
OCR PREVIEW: Interest rates on hold all year?
Sunday, 22 January 2012, 3:40 pm | BusinessDesk
Jan. 22 (BusinessDesk) – Economists see no prospect of the Reserve Bank of New Zealand raising the historically low Official Cash Rate at its review this Thursday, and will only be looking for signs on timing later in the year or early 2013 from ... More >>
