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 1456]
NZ dollar down 5.4% on November's wild Eurozone ride
Wednesday, 30 November 2011, 6:03 pm | BusinessDesk
Nov. 30 (BusinessDesk) – The New Zealand dollar is poised for a 5.4 percent decline in November as the European debt crisis escalates ahead of next month’s leaders’ summit to address the region’s woes. More >>
Ricketts to replace John Todd at head of Todd Corporation
Wednesday, 30 November 2011, 2:26 pm | BusinessDesk
Nov. 30 (BusinessDesk) – Former Fay Richwhite director Geoff Ricketts is to become chair of Todd Corporation, the holding company for New Zealand’s wealthiest family, following the retirement of incumbent chairman John Todd early next month. More >>
AWF to pay up to $3.5 mln for Tradeforce NZ
Wednesday, 30 November 2011, 2:04 pm | BusinessDesk
Nov. 30 (BusinessDesk) – AWF Group, formerly known as Allied Work Force, will pay up to $3.5 million to buy recruitment agency Tradeforce NZ as it continues to grow by buying its rivals. More >>
Sanford FY profit falls 11% as kiwi strength erodes returns
Wednesday, 30 November 2011, 1:08 pm | BusinessDesk
Sanford full-year profit falls 11% as kiwi’s strength erodes returns in second half More >>
Pacific Edge 1H loss narrows as company eyes US market
Wednesday, 30 November 2011, 11:57 am | BusinessDesk
Nov. 29 (BusinessDesk) – Pacific Edge, the biomedical firm specialising in cancer detection, posted a smaller first-half loss as it pushes on with bringing its Cxbladder product to market in the US. More >>
Midday update: Australia gains credit rating upgrade to AAA
Wednesday, 30 November 2011, 11:51 am | BusinessDesk
Nov. 30 (BusinessDesk) – Fitch Ratings has raised Australia’s credit rating to AAA, making it the only country in the industrialised world to have the top possible rating from all three major rating agencies, Fitch, Moody’s Investors Service, ... More >>
Auckland housing stokes rebound in October building consents
Wednesday, 30 November 2011, 11:31 am | BusinessDesk
Nov. 30 (BusinessDesk) – New Zealand building consents bounced back last month, signalling a flurry of new construction intentions in Auckland’s residential property market. More >>
Chorus secures $1.35 bln bank facility
Wednesday, 30 November 2011, 10:59 am | BusinessDesk
Chorus won’t lean on bridging finance after securing $1.35 bln bank funding line More >>
NZ dollar gains as downunder currencies seenas haven
Wednesday, 30 November 2011, 9:13 am | BusinessDesk
NZ dollar gains above 76 cents as down under currencies seen as haven from Euro woes More >>
While you were sleeping: Italy's debt sale, US confidence
Wednesday, 30 November 2011, 7:39 am | BusinessDesk
Nov. 30 (BusinessDesk) - Italy found buyers for its debt but had to pay a premium, underpinning the sense of urgency for European Union leaders to contain the debt crisis. Italy's debt auction met healthy demand but it came at a price. The country ... More >>
NZ jumps to 4th place worldwide for reported fraud: PwC
Wednesday, 30 November 2011, 6:57 am | BusinessDesk
Nov. 29 (BusinessDesk) – New Zealand has jumped to fourth place worldwide for reported frauds, with cyber fraud emerging as the latest threat to businesses, according to a PricewaterhouseCoopers global economic crime survey. More >>
ANZ National seeks $25.2M from sale of Serepisos’ former HQ
Wednesday, 30 November 2011, 6:28 am | BusinessDesk
Nov. 29 (BusinessDesk) – ANZ National Bank, the country’s biggest lender, is seeking to recover $25.2 million from the sale of bankrupt Wellington property developer Terry Serepisos’ former headquarters. More >>
MARKET CLOSE: NZ stocks rise; Methven gains after earnings
Tuesday, 29 November 2011, 6:12 pm | BusinessDesk
Nov. 29 (BusinessDesk) - New Zealand shares rose, led by Methven after the tapware maker posted a drop in earnings that matched its earlier profit warning. Pumpkin Patch extended its slide on concern the peak Christmas season will be tough on retailers. More >>
ARKET CLOSE: NZ stocks rise; Methven gains on earnings
Tuesday, 29 November 2011, 6:08 pm | BusinessDesk
Nov. 29 (BusinessDesk) - New Zealand shares rose, led by Methven after the tapware maker posted a drop in earnings that matched its earlier profit warning. Pumpkin Patch extended its slide on concern the peak Christmas season will be tough on retailers. More >>
UPDATED: Cerebos may end up as rival if Comvita bid fails
Tuesday, 29 November 2011, 5:40 pm | BusinessDesk
Nov. 29 (BusinessDesk) – Cerebos New Zealand is keen to secure a foothold in the Manuka honey products market and may end up a rival to local manufacturer Comvita if its $71.6 million takeover bid falls through. More >>
NZ dollar holds gains as Australia flags spending cuts
Tuesday, 29 November 2011, 5:35 pm | BusinessDesk
Nov. 29 (BusinessDesk) – The New Zealand dollar pared gains in local trading after investors’ appetite for the trans-Tasman currencies was dimmed by Australian federal government plans to cut spending by A$6.8 billion to keep the budget in the black. More >>
Goff steps down as Labour leading after election drubbing
Tuesday, 29 November 2011, 3:37 pm | BusinessDesk
Nov. 29 (BusinessDesk) –Phil Goff has stepped down as leader of New Zealand’s main opposition Labour Party after its drubbing in last weekend’s election with the loss of nine seats. More >>
Fronde 1H profit falls 55% on costs to expand in Australia
Tuesday, 29 November 2011, 2:09 pm | BusinessDesk
Nov. 29 (BusinessDesk) – Fronde Systems Group, which sells cloud-based computer services using Google applications, posted a 55 percent drop in first-half profit, even as sales rose, as it spent more to expand in Australia. More >>
Selwyn Cushing hands Rural Equities reins to son
Tuesday, 29 November 2011, 1:22 pm | BusinessDesk
Nov. 29 (BusinessDesk) – Rural Equities chairman Selwyn Cushing is handing over the role to his son David, though the move doesn’t signal the corporate veteran is being put out to pasture. More >>
McDouall re-elected to Allied Farmers board with 74% of vote
Tuesday, 29 November 2011, 1:06 pm | BusinessDesk
Nov. 29 (BusinessDesk) - Andrew McDouall, whose advisory firm helped broker Allied Farmers’ acquisition of the Hanover and United loan books, has been re-appointed to Allied’s board with the support of 73.5 percent of shareholders who cast their ... More >>
