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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 1461]
AMI nears end of capital raising process, kites fly on buyer
Tuesday, 22 November 2011, 11:48 am | BusinessDesk
Nov. 22 (BusinessDesk) – AMI Insurance, the Christchurch-based firm that was forced to seek a government bailout in the wake of the earthquakes, is nearing the end of its capital raising process, amid reports a rival is interested in the assets. More >>
Euro will survive, but only with ECB intervention
Tuesday, 22 November 2011, 11:42 am | BusinessDesk
Nov. 22 (BusinessDesk) – The European common currency, the euro, will survive its current crisis, but it will require direct intervention by the European Central Bank to solve, says the chief investment strategist in Asia-Pacific for Russell Investments, ... More >>
Rugby World Cup visitors flood into NZ as kiwis leave
Tuesday, 22 November 2011, 11:25 am | BusinessDesk
Nov. 22 (BusinessDesk) – A bigger than expected flow of tourists arriving for the Rugby World Cup in October helped mask the first annual net outflow of New Zealanders leaving the country for good in a decade. More >>
Trade Me explosive growth over, ‘predictable’ returns seen
Tuesday, 22 November 2011, 10:44 am | BusinessDesk
Nov. 22 (BusinessDesk) – New Zealand’s dominant online auction site Trade Me is a “mature” business whose period of early, explosive revenue growth is over, but the company will offer attractive dividend yields, says Wellington equities research ... More >>
Ironbridge, Archer sell iNova for up to A$700 mln
Tuesday, 22 November 2011, 10:32 am | BusinessDesk
Nov. 22 (BusinessDesk) - Canada-based Valeant Pharmaceuticals International has agreed to pay up to A$700 million (NZ$922.3 million) for medicines distributor iNova which is owned by private equity firms Ironbridge, Archer Capital and minority management ... More >>
Cerebos takeover bid undervalues Comvita by as much as 38%
Tuesday, 22 November 2011, 9:49 am | BusinessDesk
Nov. 22 (BusinessDesk) – Cerebos New Zealand’s $71.6 million bid to buy Comvita undervalues the local honey products maker by as much as 38 percent, according to the independent adviser’s report. More >>
NZ dollar tumbles to 8-month low as US debt talks stumble
Tuesday, 22 November 2011, 8:59 am | BusinessDesk
NZ dollar tumbles to 8-month low as US debt talks seen failing, stocks slide More >>
While you were sleeping: US budget talks set to fail
Tuesday, 22 November 2011, 7:00 am | BusinessDesk
Nov. 22 (BusinessDesk) - Stocks on both sides of the Atlantic fell amid expectations that lawmakers' talks on cutting the US budget deficit are set to fail, which would trigger automatic spending cuts that might hurt the economic recovery just as it ... More >>
Telecom’s chief spin doctor moves on as demerger completes
Monday, 21 November 2011, 6:03 pm | BusinessDesk
Nov. 21 (BusinessDesk) – Telecom’s most senior communications adviser, Tina Symmans, is to leave the company’s senior management team, having worked at the highest level to achieve the company's demerger. More >>
MARKET CLOSE: NZ shares rise; Chorus debuts on ASX
Monday, 21 November 2011, 5:49 pm | BusinessDesk
Nov. 21 (BusinessDesk) – New Zealand shares rose, with Telecom gaining as its Chorus unit debuted on the ASX and traded within expectations, boding well for its start as a separate company on the NZX this week. Fisher & Paykel Appliances paced ... More >>
Kerr’s sweetened Pyne Gould offer leaves directors unswayed
Monday, 21 November 2011, 5:45 pm | BusinessDesk
Nov. 21 (BusinessDesk) – George Kerr’s Australasian Equity Partners Fund’s improved offer to buy Pyne Gould Corp has won over two more investors in the financial services company, but still isn’t enough for the independent directors to recommend ... More >>
SMELLIE ON SMEs: Shareholder "pre-nups" - a good idea
Monday, 21 November 2011, 5:19 pm | BusinessDesk
Nov. 21 (BusinessDesk) – Two heads are always better than one, and in the sometimes lonely world of running a small business, collaboration with trusted business partners is often the key to solvency, sanity and that clever idea you’d never have thought ... More >>
NZ dollar holds near six-week low on subdued interest rates
Monday, 21 November 2011, 5:10 pm | BusinessDesk
NZ dollar holds near six-week low as US, European woes weigh on local interest rates More >>
NZ credit card spending climbs in October on RWC
Monday, 21 November 2011, 4:27 pm | BusinessDesk
Nov. 21 (BusinessDesk) – Spending on credit cards in New Zealand rose at its fastest monthly pace in almost a year as the Rugby World Cup hit its stride, prompting punters to charge more on the plastic. More >>
Vodafone's "dollar a day" offer cops $82k fine
Monday, 21 November 2011, 4:23 pm | BusinessDesk
Nov. 21 (BusinessDesk) – Vodafone New Zealand was fined $81,900 for breaching the Fair Trading Act by making misleading mobile phone offers, the second of six cases being taken against the phone company by the Commerce Commission. More >>
APN may sell down interest in Outdoor advertising unit
Monday, 21 November 2011, 3:38 pm | BusinessDesk
Nov. 21 (BusinessDesk) – APN News & Media, the publisher of the NZ Herald, is reviewing ownership of its Outdoor advertising business and may sell down its interest or form a joint venture. More >>
NZ Dollar Outlook: Kiwi may fall on US budget, poll looms
Monday, 21 November 2011, 1:37 pm | BusinessDesk
NZ Dollar Outlook: Kiwi may fall as deadline for US spending cuts, NZ election looms> More >>
Midday update: Election, Europe and US debt ceiling dominate
Monday, 21 November 2011, 12:20 pm | BusinessDesk
Nov. 21 (BusinessDesk) – This week’s business agenda looks set to be dominated by three key influences: the progress of the Eurozone crisis, the impending New Zealand election, and the return to the American Congress of the vexed debt ceiling issue. ... More >>
Blue Star names Unitas Capital’s Phillip Bower as CEO
Monday, 21 November 2011, 11:04 am | BusinessDesk
Nov. 21 (BusinessDesk) - Blue Star Group Holdings named former Unitas Capital managing director Phillip Bower as chief executive of the Australasian commercial printing company. More >>
NZ dollar holds at 6-week low as election looms, Europe eyed
Monday, 21 November 2011, 9:40 am | BusinessDesk
Nov. 21 (BusinessDesk) – The New Zealand dollar traded at its lowest level since early October a week out from the election and amid reports the European Central Bank is weighing the risks of becoming lender of last resort for the debt-ridden ... More >>
