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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 1440]
Woolworths pulls bigger management fee from Dick Smith NZ
Wednesday, 4 January 2012, 4:50 pm | BusinessDesk
Jan. 4 (BusinessDesk) – Woolworths, the Australian supermarket and consumer electronics retailer, pulled a bigger management fee from its New Zealand Dick Smith stores even as earnings halved for the 2011 year. More >>
UPDATED: Ticketek NZ loss widens, flags possible asset sales
Wednesday, 4 January 2012, 3:29 pm | BusinessDesk
Jan. 4 (BusinessDesk) – Ticketek, Australasia’s leading ticketing company, posted a wider full-year loss in New Zealand and said parent Nine Entertainment could be forced to sell assets if it fails to meet the terms of its debt. More >>
From the Farm: Hated by townies?
Wednesday, 4 January 2012, 3:21 pm | BusinessDesk
Farmers get a bad rap. They’re moaners. They’re deeply conservative. They’re environmental dinosaurs. More >>
NZ Treasury doubts new Chch quakes will boost AMI exposure
Wednesday, 4 January 2012, 2:33 pm | BusinessDesk
Jan. 4 (BusinessDesk) – The latest swarm of earthquakes to hit Christchurch is unlikely to cause a material increase in the government’s exposure to AMI, the Treasury says. More >>
UPDATED: Ports of Auckland may lose $100k/wk from Fonterra
Wednesday, 4 January 2012, 2:12 pm | BusinessDesk
Jan. 4 (BusinessDesk) – Ports of Auckland, facing protracted industrial action, stands to miss out on up to $100,000 a week in revenue once Fonterra Cooperative Group quits using the hub. More >>
Fonterra quits Ports of Auckland amid ongoing strikes
Wednesday, 4 January 2012, 12:58 pm | BusinessDesk
Jan. 4 (BusinessDesk) – Fonterra Cooperative Group, the world’s biggest dairy exporter, has quit using Ports of Auckland due to the threat of ongoing strike action. More >>
MIDDAY UPDATE: NZ dollar at 2-month high, dairy prices fall
Wednesday, 4 January 2012, 12:19 pm | BusinessDesk
Jan. 4 (BusinessDesk) – The New Zealand dollar rose to a two-month high as signs of US manufacturing growth and tamer unemployment in Germany gave a risk-on tone to equity markets and riskier, or growth assets. More >>
Ticketek NZ loss widens, flags possible parent asset sales
Wednesday, 4 January 2012, 10:53 am | BusinessDesk
Jan. 4 (BusinessDesk) – Ticketek, Australasia’s leading ticketing company, posted a wider full-year loss in New Zealand and said parent Nine Entertainment could be forced to sell assets if it fails to meet the terms of its debt. More >>
Hotchin cuts deal with IRD over forestry investments
Wednesday, 4 January 2012, 10:28 am | BusinessDesk
Jan. 4 (BusinessDesk) – Former Hanover Finance boss Mark Hotchin cut a deal with the tax department after an audit of one of his forestry investments forced him to wind up the companies involved. More >>
NZ dollar gains to 2-mth high after US manufacturing growth
Wednesday, 4 January 2012, 9:08 am | BusinessDesk
Jan. 4 (BusinessDesk) – The New Zealand dollar rose to a two-month high against the greenback after figures showed US manufacturing growth stoked equities and helped boost investors’ appetite for risk. More >>
Kerr edges closer to control of Pyne Gould
Wednesday, 4 January 2012, 8:56 am | BusinessDesk
Jan. 4 (BusinessDesk) – George Kerr’s Australasian Equity Partners Fund has edged closer to control of Pyne Gould Corp as more investors were won over by his sweetened offer last month. More >>
While you were sleeping: Solid US factory output
Wednesday, 4 January 2012, 7:41 am | BusinessDesk
Jan. 4 (BusinessDesk) - US manufacturing had the best month in December since June, underpinning optimism about the resilience in the world's largest economy and the value of equities on both sides of the Atlantic. More >>
World Week Ahead: Manufacturing, payrolls
Tuesday, 3 January 2012, 2:56 pm | BusinessDesk
World Week Ahead: Manufacturing, payrolls By Margreet Dietz Jan. 3 (BusinessDesk) - It's going to be a tough start to the year, most agree. The latest data confirmed that European economies, including the region's largest, remain firmly in the clutches ... More >>
PGG Wrightson repays Agria notes by boosting bank facilities
Friday, 30 December 2011, 6:02 pm | BusinessDesk
Dec.30 (BusinessDesk) New Zealand’s largest agriculture technology and services provider PGG Wrightson has bought back notes issued to its major shareholder Agria and transferred the loan to its banking facilities, which have been extended to July ... More >>
NZ dollar ends 2011 little changed
Friday, 30 December 2011, 4:37 pm | BusinessDesk
Dec. 30 (BusinessDesk) – The New Zealand dollar rose in local trading, as a lack of liquidity amped up the gains from better US data overnight. The kiwi is set to end the year little changed, belying its surge to a post-float high in August. More >>
MARKET CLOSE: After a wild year, NZX 50 ends where it began
Friday, 30 December 2011, 4:33 pm | BusinessDesk
Dec. 30 (BusinessDesk) – As another year of global financial market ends, the total value of shares listed on the New Zealand share market ended up little changed from where it started at the beginning of the year. More >>
MONEY TALKS: 2011 - The year of the bond
Friday, 30 December 2011, 3:39 pm | BusinessDesk
After such a wild ride in financial markets, the Standard & Poor’s 500 Index is heading into the year-end just 0.7 percent below the level it was at on Jan. 3. New Zealand’s benchmark index, the NZX 50, has also drifted lower. More >>
Midday update: Kiwi dollar back above US77 cents
Friday, 30 December 2011, 12:26 pm | BusinessDesk
Midday update: Kiwi dollar back above US77 cents as 2011 trading draws to a close More >>
Far North’s Ngāti Kuri, awaiting settlement, buys orchards
Friday, 30 December 2011, 12:02 pm | BusinessDesk
Far North’s Ngāti Kuri, awaiting treaty settlement, uses own funds to buy orchards More >>
NZ dollar rises in final day of 2011 on upbeat US data
Friday, 30 December 2011, 9:12 am | BusinessDesk
NZ dollar rises in final day of 2011 as US data helps offset steep Italian bond yield More >>
