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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 1478]
UPDATED: Sky TV shares drop 4.4% after profit downgrade
Friday, 21 October 2011, 6:27 pm | BusinessDesk
UPDATED: Sky TV shares drop 4.4% after pay-TV operator says 2012 profit won’t meet estimates More >>
MARKET CLOSE: NZ shares fall; Sky TV drops on downgrade
Friday, 21 October 2011, 6:10 pm | BusinessDesk
Oct. 21 (BusinessDesk) – New Zealand shares fell after an afternoon profit downgrade from Sky Network Television, which weighed on the NZX 50 Index on the final day of trading before a local three-day sporting holiday weekend. More >>
NZ dollar eases as Europe trumps next week’s local
Friday, 21 October 2011, 5:19 pm | BusinessDesk
Oct. 21 (BusinessDesk) – The New Zealand dollar slipped during local trading as investors prepare to wait a little longer for details of a bail-out package to rescue the Euro-zone, which are expected to overshadow fiscal, inflation, and Reserve Bank ... More >>
Sky TV shares drop 4.4% on 2012 profit warning
Friday, 21 October 2011, 4:50 pm | BusinessDesk
Sky TV shares drop 4.4% after pay-TV operator says 2012 profit won’t meet estimates More >>
Burger Fuel opens new store in Saudi Arabia
Friday, 21 October 2011, 4:18 pm | BusinessDesk
Oct. 21 (BusinessDesk) – Burger Fuel Worldwide, the local fast-food chain targeting growth in the Middle East, has opened its third store at the Amwaj Mall in Dhahran, a city which serves as the administrative hub for the Oil industry. More >>
SkyCity directors join push for bigger fee pool
Friday, 21 October 2011, 4:03 pm | BusinessDesk
Oct. 21 (BusinessDesk) – The directors of casino operator SkyCity Entertainment will ask shareholders for a 37 percent pay-rise at next month’s annual meeting, adding to the queue of NZX 50 company boards asking for fatter fees. More >>
MONEY TALKS: No need to start saving until 2015?
Friday, 21 October 2011, 3:16 pm | BusinessDesk
Oct. 21 (BusinessDesk) – Well no-one can accuse the government of being consistent in its savings message. More >>
Aussie battery hen investor seeks $15mln from Kiwi investors
Friday, 21 October 2011, 2:42 pm | BusinessDesk
Kiwi-funded Australian poultry company ProTen is seeking $15 million from investors to fund the development of 96 chicken sheds across four farms in New South Wales. More >>
Electricity regulator targets futures market liquidity
Friday, 21 October 2011, 2:00 pm | BusinessDesk
Oct. 21 (BusinessDesk) – The Electricity Authority has tweaked key features of the newly reformed electricity market to encourage more liquidity, and is threatening to publish the prices underpinning the so-called “virtual asset swap” contracts ... More >>
Government may hold wider inquiry into Rena disaster
Friday, 21 October 2011, 1:11 pm | BusinessDesk
Oct. 21 (BusinessDesk) - A more wide ranging inquiry into the grounding of the containership Rena off Tauranga's coast is looking increasingly likely. More >>
India strategy must combat NZ business apathy
Friday, 21 October 2011, 12:51 pm | BusinessDesk
Oct. 21 (BusinessDesk) – New Zealand’s fledgling trade relationship with India is the first target of a series of “NZ Inc” strategies to grow exports quickly, especially through free trade deals. More >>
APN names Lotteries Commission chief Todd McLeay as NZ COO
Friday, 21 October 2011, 12:32 pm | BusinessDesk
Oct. 21 (BusinessDesk) - APN News & Media named Lotteries Commission chief executive Todd McLeay to the new role of chief operating officer for New Zealand as it seeks to boost advertising sales and circulation. More >>
Nearly 75,000 visitors in NZ last month for Rugby World Cup
Friday, 21 October 2011, 12:07 pm | BusinessDesk
Oct. 21 (BusinessDesk) – New Zealand visitor numbers climbed by more than a quarter in September as an inflow of people for the Rugby World Cup landed for the six-week-long tournament. More >>
Midday update: Strong year for Fisher Funds
Friday, 21 October 2011, 12:06 pm | BusinessDesk
Oct. 21 (BusinessDesk) – Fisher Funds Management got a bigger performance bonus in the 2011 financial year as its funds beat their benchmark targets. More >>
Fisher Funds reaps fatter fees as funds outperform
Friday, 21 October 2011, 11:26 am | BusinessDesk
Oct. 21 (BusinessDesk) – Fisher Funds Management enjoyed a healthy performance bonus in the 2011 financial year as its bevy of funds beat their benchmarks for the period. More >>
Genesis Research director Chin resigns in wake of UBNZ rift
Friday, 21 October 2011, 11:06 am | BusinessDesk
Oct. 21 (BusinessDesk) - Genesis Research and Development director Graham Chin resigned after the biotech company distanced itself from shareholder UBNZ Asset Holdings in the wake of bribery charges against May Wang and an arrest warrant for associate ... More >>
NZ dollar joins Wall Street rally ahead of weekend summit
Friday, 21 October 2011, 8:25 am | BusinessDesk
Oct. 21 (BusinessDesk) – The New Zealand dollar rose about three-quarters of a US cent in volatile early trading as investors continue to assess if Europe's leaders will come up with a credible solution to the region's financial crisis at a summit ... More >>
(REFILE) NYE revellers can leave cash at home
Thursday, 20 October 2011, 5:38 pm | BusinessDesk
Oct. 20 (BusinessDesk) – Kiwis planning a big night out on New Year’s Eve will be able to leave their cash at home for at least two festivals, with organisers bringing technology to New Zealand for the first time that loads credits onto wristbands. More >>
MARKET CLOSE: NZ shares fall; OceanaGold drops with gold
Thursday, 20 October 2011, 5:29 pm | BusinessDesk
Oct. 20 (BusinessDesk) – New Zealand shares fell, joining a global slide ahead of this weekend’s European summit and amid renewed selling of Fletcher Building in the wake of last week’s profit downgrade. More >>
NZ dollar drops below 79 US cents as euro hopes fade
Thursday, 20 October 2011, 5:23 pm | BusinessDesk
Oct. 20 (BusinessDesk) – The New Zealand dollar fell below 79 US cents as investors’ hopes fade for a grand plan to address Europe’s sovereign debt woes will be unveiled this weekend. More >>
