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BusinessDesk - Latest News [Page 1482]

NZ service sector expands for 8th month, led by new orders

Monday, 17 October 2011, 11:12 am | BusinessDesk

Oct. 17 (BusinessDesk) – New Zealand’s service industry expanded for an eighth month in September, with the pace slipping from August, with growth led by new orders. More >>

Goodman Fielder names Reidie to run merged NZ units

Monday, 17 October 2011, 10:52 am | BusinessDesk

Oct. 17 (BusinessDesk) – Goodman Fielder is merging its three New Zealand divisions into a single business and tapped one of its executives to the newly created role of country managing director. More >>

Wellington Drive taps North America-based Greg Allen as CEO

Monday, 17 October 2011, 10:00 am | BusinessDesk

Oct. 17 (BusinessDesk) – Wellington Drive Technologies, the maker of energy-efficient refrigeration motors, named Greg Allen as new chief executive and said the ex-pat kiwi will be based in North America to be closer to customers. More >>

New Zealand dollar climbs 1 US ct amid optimism over Europe

Monday, 17 October 2011, 8:38 am | BusinessDesk

Oct. 17 (BusinessDesk) – The New Zealand dollar started the new week one US cent higher from Friday on optimism Europe will make progress while the United States economy shows some signs of life. More >>

World Week Ahead: Bank on more uncertainty

Monday, 17 October 2011, 7:29 am | BusinessDesk

Oct. 17 (BusinessDesk) - Anyone hoping for a weekend fix to the global banking sector will have to wait a little longer - perhaps a lot longer. More >>

MARKET CLOSE: NZX ends week lower after earnings downgrades

Friday, 14 October 2011, 5:36 pm | BusinessDesk

Oct. 14 (BusinessDesk) – New Zealand shares fell, rounding out a weekly slide of 2.5 percent on the NZX 50 Index, after earnings downgrades by companies tied to the building sector. Tapware maker Methven sank to a 2 ½-year low. More >>

Boom-bust cycle adds to low construction sector productivity

Friday, 14 October 2011, 5:28 pm | BusinessDesk

Oct. 14 (BusinessDesk) – The boom-bust cycles that drive the New Zealand construction industry are adding to its low productivity, says accounting firm PwC in a report for the Construction Strategy Group. More >>

Turners Auctions' annual profit to rise by up to a fifth

Friday, 14 October 2011, 5:13 pm | BusinessDesk

Turners Auctions' annual net profit to rise by as much as a fifth, shares gain More >>

NZ dollar holds above 79 US cts

Friday, 14 October 2011, 5:11 pm | BusinessDesk

Oct. 14 (BusinessDesk) – The New Zealand dollar held above 79 US cents as investors gear up for finance chiefs of the Group of 20 Nations to meet, with investors in financial markets waiting for Europe to shore up its banking system. More >>

Brownlee fast-tracks new Christchurch urban limits

Friday, 14 October 2011, 3:07 pm | BusinessDesk

Oct. 14 (BusinessDesk) – The government has cut through a thicket of appeals against plans for more intensive urban land use in Christchurch, using emergency earthquake legislation to deal with regional policy changes that were first proposed more than ... More >>

MONEY TALKS: Training gumbies - the next frontier

Friday, 14 October 2011, 3:07 pm | BusinessDesk

Oct. 14 (BusinessDesk) – If, like me, you’re an avid devotee of parliamentary reports and upcoming draft legislation, it will come as no surprise the government wants to wrap investors in cotton wool and spoon feed them until they get the hang ... More >>

NZ consumer confidence edges lower in October

Friday, 14 October 2011, 2:53 pm | BusinessDesk

Oct. 14 (BusinessDesk) – New Zealand consumer confidence fell slightly this month in the face of growing unease about the global economy, which is keeping kiwis relatively cautious about spending. More >>

Comvita share price spikes on hopes of better Cerebos offer

Friday, 14 October 2011, 2:45 pm | BusinessDesk

Oct. 14 (BusinessDesk) – Shares of Comvita have surged above the takeover offer price from Cerebos Pacific, on speculation it may have to sweeten the proposal to win over shareholders, after Cerebos said it would offer $71.6 million, or $2.50 ... More >>

Midday update: Comvita spikes above hostile takeover price

Friday, 14 October 2011, 12:17 pm | BusinessDesk

Oct. 14 (BusinessDesk) – Shareholders in honey-based wound care manufacturer Comvita have pushed its shares a whopping 21.43 percent to $2.55, 5 cents a share higher than a hostile takeover bid pitched early this morning by Cerebos New Zealand. The ... More >>