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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 1439]
Malaysian ISP MyKris is heading for NZAX listing, IRG says
Friday, 6 January 2012, 2:58 pm | BusinessDesk
Jan. 6 (BusinessDesk) – Investment Research Group, a financial services company, has sponsored an application for internet services provider MyKris Ltd to list on the NZAX. More >>
Solid Energy earnings growth depends pricing, supply
Friday, 6 January 2012, 2:34 pm | BusinessDesk
Jan. 6 (BusinessDesk) – Solid Energy, the state-owned coal miner that’s on the government’s list to be sold, may lift profit by about 96 percent over the next five years, according to an assessment by brokerage Forsyth Barr. More >>
MIDDAY UPDATE: NZ dollar rises vs euro, SOE sales valued
Friday, 6 January 2012, 12:16 pm | BusinessDesk
Jan. 6 (BusinessDesk) - The New Zealand dollar rose to a fresh five-month high against the euro on speculation European banks may struggle to strengthen their balance sheets enough to meet criteria for financial aid. More >>
Sell-down of state energy firms would gross $6.8 bln
Friday, 6 January 2012, 12:09 pm | BusinessDesk
Sell-down of NZ state energy companies would gross $6.8 bln, latest valuations show More >>
It’s hot, wet in north, dry in the south this summer: Niwa
Friday, 6 January 2012, 11:02 am | BusinessDesk
It’s hot and wet in north and dry in the south this summer, Niwa says More >>
NZX share trading surges 48% in December
Friday, 6 January 2012, 10:30 am | BusinessDesk
Jan. 6 (BusinessDesk) – The volume of share trading on the NZX surged 48 percent last month as investor interest was piqued by the new listing of online auction site Trade Me and the demerging of Telecom and Chorus into separate listed entities. More >>
NZ dollar rises against euro on European bank weakness
Friday, 6 January 2012, 9:13 am | BusinessDesk
Jan.6 (BusinessDesk) – The New Zealand dollar rose to a new five-month high against the euro on speculation European banks may struggle to strengthen their balance sheets enough to meet criteria for financial aid. More >>
While you were sleeping: US profits, EU woes weigh
Friday, 6 January 2012, 7:50 am | BusinessDesk
Jan. 6 (BusinessDesk) - A slew of disappointing corporate results in the US and more red flags on Europe's debt crisis offset data showing American companies added more workers to their payrolls than economists had forecast. More >>
MARKET CLOSE: NZ shares fall, led by Tower
Thursday, 5 January 2012, 5:38 pm | BusinessDesk
Jan. 5 (BusinessDesk) – New Zealand shares fell in subdued holiday season trading, tracking Australian stocks lower. Tower, the insurance company that missed out on acquiring rival AMI, led decliners while Port of Tauranga rose to a new record close. More >>
NZ dollar holds near 5-mth high vs euro on Europe’s woes
Thursday, 5 January 2012, 5:35 pm | BusinessDesk
NZ dollar holds near 5-month high vs euro as Europe’s woes return, volatile local trading expected More >>
Transpacific founder sues, upset share sale excluded bid
Thursday, 5 January 2012, 5:26 pm | BusinessDesk
Jan. 5 (BusinessDesk) – Transpacific Industries founder Terry Peabody has sued the company for A$4.6 million claiming it should have allowed a higher bid for shares that came at the close of its institutional capital raising last year. More >>
Waiheke airfield sale to foreigner may speed up new resort
Thursday, 5 January 2012, 4:21 pm | BusinessDesk
Jan. 5 (BusinessDesk) – Waiheke Island’s only airfield has been sold to British interests for $2.6 million, a move that may hasten the controversial development of a resort on the site including accommodation, a cafe, hangars and sealed runway. More >>
NZ govt bonds may struggle to extend rally through 2012
Thursday, 5 January 2012, 1:14 pm | BusinessDesk
Jan. 5 (BusinessDesk) – New Zealand government bonds may struggle to extend their rally this year after the nation’s remoteness from Europe’s debt woes helped drive yields to record lows in 2011. More >>
Sealord secures new bank facility of $190 million
Thursday, 5 January 2012, 1:00 pm | BusinessDesk
Jan. 5 (BusinessDesk) – Sealord, which was forced to tap shareholders for funds to repay debt in 2010, has secured a new $190 million bank facility with longer terms, giving it greater leeway to meet future repayments. More >>
MIDDAY UPDATE: NZ dollar gains to 5-mth high vs euro
Thursday, 5 January 2012, 11:57 am | BusinessDesk
Jan. 5 (BusinessDesk) – The New Zealand dollar rose to a five-month high against the euro after European inflation slowed and amid speculation Spain needs help in meeting its interest payments. More >>
December rains set dairy farmers up for a strong season
Thursday, 5 January 2012, 11:35 am | BusinessDesk
Jan. 5 (BusinessDesk) – Above average rainfall for December is helping kick start a strong season for New Zealand dairy farmers, with milk production up about 10 percent in the month from a year earlier. More >>
Woolworths recoups $27.7M from insurers in 2011 for quakes
Thursday, 5 January 2012, 10:41 am | BusinessDesk
Jan. 5 (BusinessDesk) – Insurers for Woolworths’ New Zealand supermarkets copped a bill of $27.7 million from the September 2010 and February earthquakes in Christchurch, according to its local financial statements. More >>
NZ dollar gains vs euro as Europe's debt back in focus
Thursday, 5 January 2012, 9:10 am | BusinessDesk
NZ dollar gains to 5-mth high vs euro as Europe’s debt back in focus More >>
While you were sleeping: Mixed messages
Thursday, 5 January 2012, 7:47 am | BusinessDesk
Jan. 5 (BusinessDesk) - Equities failed to find direction as concern about Europe's ability to solve its debt crisis resurfaced and tensions heightened after the European Union threatened to ban Iranian exports. More >>
MARKET CLOSE: NZ shares rise; Port of Tauranga gains
Wednesday, 4 January 2012, 5:36 pm | BusinessDesk
Jan. 4 (BusinessDesk) - New Zealand shares gained in the first trading day for 2012, with Port of Tauranga rising to a record close after rival Ports of Auckland said it has lost business from Fonterra in the face of strikes. More >>
