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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 1468]
MARKET CLOSE: NZ shares extend gains from month-high
Wednesday, 9 November 2011, 5:47 pm | BusinessDesk
Nov. 9 (BusinessDesk) - New Zealand shares rose, with the NZX 50 Index extending its gains from a month-high, amid optimism Europe is making progress with its debt crisis, giving investors more confidence to hold growth assets such as equities. ... More >>
Smiths City to about double first-half trading profit
Wednesday, 9 November 2011, 5:07 pm | BusinessDesk
Nov. 9 (BusinessDesk) - Smiths City Group said first-half trading profit will be about double last year although the bottom line may be hit by the revaluation of its earthquake-hit Colombo Street store which it owns. More >>
NZ dollar pares gains after Berlusconi’s exit
Wednesday, 9 November 2011, 5:06 pm | BusinessDesk
Nov. 9 (BusinessDesk) – The New Zealand dollar pared its gains in local trading after a spike upwards on the news Italian Prime Minister Silvio Berlusconi will resign stoked investors’ appetite for so-called risk-sensitive currencies. More >>
Wakefield lifts adjusted 1H net profit nearly 33%
Wednesday, 9 November 2011, 3:55 pm | BusinessDesk
Nov. 9 (BusinessDesk) - Wakefield Health said adjusted first-half net profit rose nearly 33 percent, reflecting revenue growth from work for ACC and district health boards (DHBs) and good control of costs in a still relatively subdued market. More >>
From the Farm: Farm emissions may be too hard
Wednesday, 9 November 2011, 3:33 pm | BusinessDesk
It is late in the election process for National to be releasing its environmental strategy. And it goes to the heart of the nation’s deep unease about taxing its most valuable exports. More >>
Pan Pacific Petroleum flags capital return; shares surge
Wednesday, 9 November 2011, 2:55 pm | BusinessDesk
Nov. 9 (BusinessDesk) – Pan Pacific Petroleum, which holds a 10 percent stake in the Tui oil field, plans to return some cash to shareholders because it can’t find suitable new prospects. More >>
NZ property values continue slow climb in October
Wednesday, 9 November 2011, 1:12 pm | BusinessDesk
Nov. 9 (BusinessDesk) – New Zealand property values have continued their slow grind upwards, underpinned by gains in Auckland and in post-earthquake Christchurch. More >>
NZ farms may dodge ETS without new technology, global buy-in
Wednesday, 9 November 2011, 12:49 pm | BusinessDesk
Nov. 9 (BusinessDesk) – A National-led government may exclude agriculture from New Zealand’s emission trading scheme if new practical technologies to cut emissions and buy-in from the nation’s trading partners don’t emerge by 2015. More >>
MIDDAY UPDATE: Vodafone sheds customers, Carter Holt settles
Wednesday, 9 November 2011, 12:15 pm | BusinessDesk
Nov. 9 (BusinessDesk) – Vodafone New Zealand, which has the largest share of the nation’s mobile market, shed customers in the third quarter, with its total falling to the lowest since December 2008 as it battles rivals Telecom and Two Degrees Mobile. More >>
Vodafone customer numbers fall to lowest since December 2008
Wednesday, 9 November 2011, 11:23 am | BusinessDesk
Nov. 9 (BusinessDesk) – Vodafone New Zealand’s customer numbers have dropped to their lowest since December 2008 as the country’s biggest mobile phone operator deals with mounting competition from rival Telecom’s XT network and new entrant ... More >>
CHH pays $1.5m to Christchurch rebuild in ComCom settlement
Wednesday, 9 November 2011, 11:12 am | BusinessDesk
Nov. 9 (BusinessDesk) - Carter Holt Harvey will make a $1.5 million payment to help rebuild Christchurch in a settlement with the Commerce Commission of the weak wood scandal. More >>
NZ electronic card spending climbs in October
Wednesday, 9 November 2011, 11:11 am | BusinessDesk
Nov. 9 (BusinessDesk) – New Zealanders increased spending at retailers on the credit and debit cards last month, suggesting positive benefits from the Rugby World Cup and later-than-usual school holidays. More >>
Olam loan extension to Farming Systems deemed fair
Wednesday, 9 November 2011, 10:37 am | BusinessDesk
Nov. 9 (BusinessDesk) - NZ Farming Systems Uruguay, the largest single producer of milk in Uruguay, will collapse if shareholders voting in New Zealand don’t approve an extension of funding by their company's Singaporean majority shareholder, according ... More >>
National headed for outright win, Fairfax poll suggests
Wednesday, 9 November 2011, 9:48 am | BusinessDesk
Nov. 9 (BusinessDesk) – New Zealand’s ruling National Party is headed for an outright win, the first since the MMP system was introduced, while support for Labour has faded, according to a Fairfax Media poll. More >>
NZ dollar gains on rise and fall of European governments
Wednesday, 9 November 2011, 8:14 am | BusinessDesk
Nov. 9 (BusinessDesk) – The New Zealand dollar was higher in morning trading after Italian Prime Minister Silvio Berlusconi agreed to step down and as investors waited for data from China. More >>
MARKET CLOSE: NZ shares edge up in light trading amid floats
Tuesday, 8 November 2011, 5:57 pm | BusinessDesk
MARKET CLOSE: NZ shares edge up in light trading amid floats, Euro woes; Telecom gains More >>
NZ dollar little changed as markets gear up for Italian vote
Tuesday, 8 November 2011, 5:16 pm | BusinessDesk
Nov. 8 (BusinessDesk) – The New Zealand dollar was little changed in local trading amid a bid to oust Italian Prime Minister Silvio Berlusconi as the Mediterranean nation becomes the new focus for Europe’s debt woes. More >>
Heartland dips into cash reserves to repay Wrightson bond
Tuesday, 8 November 2011, 3:09 pm | BusinessDesk
Nov. 8 (BusinessDesk) – Would-be bank Heartland New Zealand dipped into its surplus cash reserves to retire $92.3 million of PGG Wrightson Finance bonds it took on board when it acquired the rural service company’s loan book earlier this year. More >>
NZ King Salmon fish farming expansion plan gets fast-track
Tuesday, 8 November 2011, 2:41 pm | BusinessDesk
Nov. 8 (BusinessDesk) – New Zealand King Salmon’s proposal to establish 206 hectares of new Marlborough Sounds farming sites has been sent to an independent board of inquiry. More >>
Westfield New Zealand third-quarter sales rise 0.8%
Tuesday, 8 November 2011, 12:37 pm | BusinessDesk
Nov. 8 (BusinessDesk) - Retail store sales in Westfield Retail Trust malls in New Zealand rose 0.8 percent in the three months to Sept. 30 from the same period a year ago. More >>
