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 1434]
Inventory build-up threatens growth in 2012, says NZIER
Tuesday, 17 January 2012, 2:15 pm | BusinessDesk
Jan. 17 (BusinessDesk) – The build-up of inventories through the latter part of 2011 has opened up one in four or five chance of a contraction in the early part of this year as firms unwind massive stockpiling last year. More >>
MIDDAY UPDATE: Confidence down, but no recession, says NZIER
Tuesday, 17 January 2012, 12:15 pm | BusinessDesk
Jan. 17 (BusinessDesk) - The country’s longest-running survey of business confidence confirms that the outlook dimmed at the end of last year, but the New Zealand Institute of Economic Research’s principal economist says a return to recession is unlikely. ... More >>
Diligent shares hit record high on 1st operating profit flag
Tuesday, 17 January 2012, 11:58 am | BusinessDesk
Jan 17 (BusinessDesk) - Shares in governance software firm Diligent Board Member Services climbed 6.4 percent to a new record high in NZX trading this morning, after unveiling another quarter of rapid sales growth and forecast its first operating ... More >>
Retail spending on credit, debit cards shrinks in December
Tuesday, 17 January 2012, 11:41 am | BusinessDesk
Jan. 17 (BusinessDesk) – New Zealanders continued to wind back their spending in the lead-up to Christmas after a short-lived splurge during the Rugby World Cup. More >>
NZ business activity slows, confidence dims: NZIER
Tuesday, 17 January 2012, 10:06 am | BusinessDesk
Jan. 17 (BusinessDesk) – New Zealand local trading activity slowed and business confidence dimmed in the December quarter as the flurry of work in the wake of the Canterbury earthquakes comes back to more normal levels. More >>
NZ dollar holds near high vs euro after EFSF downgrade
Tuesday, 17 January 2012, 8:41 am | BusinessDesk
Jan. 17 (BusinessDesk) – The New Zealand dollar held above 62 euro cents near a record-high after rating agency Standard & Poor’s cut the European Financial Stability Facility’s rating, and France managed to draw solid demand at its first ... More >>
While you were sleeping: French borrowing costs fall
Tuesday, 17 January 2012, 7:15 am | BusinessDesk
Jan. 17 (BusinessDesk) - Stocks and bonds in Europe gained, while the euro continued its slide, following Standard & Poor's downgrade to credit ratings of France and several other euro-zone countries on Friday. More >>
MARKET CLOSE: NZ shares down, Asia shrugs off Euro news
Monday, 16 January 2012, 5:53 pm | BusinessDesk
Jan. 16 (BusinessDesk) – New Zealand shares fell near a four-week low after a mass downgrade of European nations’ credit ratings sapped investors’ appetite for bigger returns. Rubber goods manufacturer Skellerup led the decline. More >>
NZ dollar extends gains on euro as Europe debt auctions loom
Monday, 16 January 2012, 5:29 pm | BusinessDesk
Jan. 16 (BusinessDesk) – The New Zealand dollar extended its gains against the euro through the local trading session ahead of France’s debt auction tonight and an investor stand-off following rating agency Standard & Poor’s downgrade of ... More >>
Cavalier to change CEO, Chung stays on board
Monday, 16 January 2012, 3:54 pm | BusinessDesk
Jan 16 (BusinessDesk) - Cavalier Corporation’s chief executive and managing director, Wayne Chung, is to retire from his executive role and be replaced by operations manager Colin McKenzie. More >>
Oil industry beefs up for political fight ahead
Monday, 16 January 2012, 3:48 pm | BusinessDesk
Jan. 16 (BusinessDesk) – The New Zealand oil and gas industry announced the appointment of a new chief executive and a quadrupled budget today as it prepares to fight harder for the industry in the face of growing opposition to unconventional oil exploration, ... More >>
SMELLIE ON SMEs: Simpler accounts and lower costs on the way
Monday, 16 January 2012, 2:53 pm | BusinessDesk
Jan. 16 (BusinessDesk) – New Zealand’s main accounting industry body is developing new financial reporting standards it hopes will make life a lot easier for small and medium-sized businesses. More >>
Fresh produce prices up, soft drinks down in December
Monday, 16 January 2012, 12:16 pm | BusinessDesk
Jan. 16 (BusinessDesk) - An increase in the price of fruit and vegetables in December was the most significant element in a 0.2 percent rise in the Food Price Index last month, says Statistics New Zealand in a report released today. More >>
MIDDAY UPDATE: NZ dollar sneaks higher on S&P downgrades
Monday, 16 January 2012, 12:11 pm | BusinessDesk
Jan. 16 (BusinessDesk) – The New Zealand dollar continued to rise in trading this morning, adding to gains against the euro as investors flee following rating agency Standard & Poor’s downgrade of nine European nations, including regional powerhouse ... More >>
NZ Dollar Outlook: Kiwi may high record high vs euro
Monday, 16 January 2012, 11:49 am | BusinessDesk
Jan. 16 (BusinessDesk) – The New Zealand dollar may set new record highs against the euro as investors flee the single currency after rating agency Standard & Poor’s downgraded nine European nations and amid speculation Greece may be forced ... More >>
SCF case adjourned until Feb, name suppression continues
Monday, 16 January 2012, 10:40 am | BusinessDesk
Jan. 16 (BusinessDesk) – The South Canterbury Finance has been adjourned until February and the five people charged will keep their name suppression until then. More >>
NZX carbon registry sale completes at US$21.4 mln
Monday, 16 January 2012, 9:59 am | BusinessDesk
Jan. 16 (BusinessDesk) – NZX has completed the sale of its TZ1 carbon registry at US$21.4 million, confirming a final gain of NZ$33.7 million for the local stock exchange operator, some $19.9 million lower than originally announced in 2009. More >>
World Week Ahead: US earnings, downgrade fallout
Monday, 16 January 2012, 9:21 am | BusinessDesk
Jan. 16 (BusinessDesk) - Friday's downgrade by Standard & Poor's to credit ratings of France, Austria and several other euro-zone countries, while not unexpected, fuelled concern about Europe's ability to deal with its fiscal crisis. Case in point was ... More >>
NZ dollar creeps up as S&P downgrades European nations
Monday, 16 January 2012, 9:04 am | BusinessDesk
Jan. 16 (BusinessDesk) – The New Zealand dollar gained as investors fled the euro after rating agency Standard & Poor’s downgraded nine European nations, including regional powerhouse France. More >>
NZ inflation to show 2011 ended with tame consumer prices
Monday, 16 January 2012, 8:14 am | BusinessDesk
Jan. 16 (BusinessDesk) - New Zealand inflation may have stayed relatively benign in the fourth quarter as a strong kiwi dollar provided a check on imported prices, while food prices weakened, giving the central bank little urgency to raise interest ... More >>
