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 1491]
NZ dollar under pressure ahead of German vote
Thursday, 29 September 2011, 5:47 pm | BusinessDesk
Sept. 29 (BusinessDesk) – The New Zealand dollar fell in local trading ahead of the German Bundestag’s vote on whether to extend Europe’s bail-out fund and after Reserve Bank Governor Alan Bollard said he was happy with the official cash rate ... More >>
Auckland Airport to sell $100M of 6-year retail bonds
Thursday, 29 September 2011, 5:37 pm | BusinessDesk
Sept. 29 (BusinessDesk) - Auckland International Airport Ltd., New Zealand's busiest, plans to sell $100 million of six-year bonds to retail investors. More >>
High Court rejects Chow bros bid to throw out adjudication
Thursday, 29 September 2011, 2:47 pm | BusinessDesk
Sept. 29 (BusinessDesk) – Wellington property developers and brothel owners Chow Group failed in its bid to throw out a building-dispute adjudication over an unpaid $837,000 bill. More >>
Australia driving Fulton Hogan revenue growth
Thursday, 29 September 2011, 12:47 pm | BusinessDesk
Sept. 29 (BusinessDesk) – Fulton Hogan, which lifted its share of annual revenue from Australia to 59% with the acquisition of Victoria-based Pioneer Road Services, says its business across the Tasman will become an increasingly large source of sales. More >>
Midday update: AMI chair defends CEO’s million dollar pay
Thursday, 29 September 2011, 12:17 pm | BusinessDesk
Sept. 29 (BusinessDesk) – The board of troubled general insurer AMI Insurance says it benchmarks its chief executive, John Balmforth’s, pay to prevailing salaries in the market rather than the company’s actual performance. In a statement issued ... More >>
Trevor Janes to take over as Abano chairman
Thursday, 29 September 2011, 12:02 pm | BusinessDesk
Sept. 29 (BusinessDesk) - Abano Healthcare Group chairman Alison Paterson will be replaced by deputy Trevor Janes after the annual shareholders' meeting on Nov. 7. More >>
Receiver looking for buyers for Zion Wildlife Garden
Thursday, 29 September 2011, 11:26 am | BusinessDesk
Sept. 29 (BusinessDesk) – The receiver for Zion Wildlife Gardens Ltd., Northland’s big cat reserve, is in talks with interested parties looking to buy the land and animals, though there probably won’t be enough money to pay unsecured creditors. More >>
Energy Mad misses target for IPO, extends deadline
Thursday, 29 September 2011, 10:36 am | BusinessDesk
Sept. 29 (BusinessDesk) – Energy Mad Ltd. extended the closing date of its initial public offering until Oct. 12 after failing to reach its $5 million minimum sought by the closing date last week. More >>
Telecom Wholesale signs CallPlus for mobile services
Thursday, 29 September 2011, 10:35 am | BusinessDesk
Sept. 29 (BusinessDesk) – Telecom Corp.’s wholesale unit has signed up retail rival CallPlus Group for its third-generation mobile services. More >>
Fulton Hogan lifts sales by 14%, earnings by 13%
Thursday, 29 September 2011, 10:04 am | BusinessDesk
Sept. 29 (BusinessDesk) – Fulton Hogan said annual sales rose 14% in a year marked by the costs of buying back Shell New Zealand’s stake in the closely held construction firm and acquiring the remainder of Australia’s Pioneer Road Services. More >>
Stocks to watch: AIR, APN, EWC, FBU, PPG, SPY
Thursday, 29 September 2011, 9:44 am | BusinessDesk
Sept. 28 (BusinessDesk) – The following stocks may be active on the New Zealand exchange after developments since the close of trading. All prices are in New Zealand dollars unless specified. More >>
NZ dollar falls as markets await Euro deal
Thursday, 29 September 2011, 8:33 am | BusinessDesk
Sept. 29 (BusinessDesk) - The New Zealand dollar fell against the greenback, following equity markets lower as lack of news out of Europe sapped some of the some of the optimism seen earlier this week when investors thought policymakers would expand ... More >>
While you were sleeping: Barroso backs EU transactions tax
Thursday, 29 September 2011, 8:02 am | BusinessDesk
Sept. 29 (BusinessDesk) – European and American financial markets watchers continued to press for action on the crisis in the Eurozone, with signs the German Parliament is poised to support creation of a European Monetary Fund, and high level support ... More >>
MARKET CLOSE: NZX50 gains amid hopes for European deal
Wednesday, 28 September 2011, 5:52 pm | BusinessDesk
MARKET CLOSE: NZ stocks rise as investors wait for euro headlines; OceanaGold gains, Heartland falls More >>
NZ dollar falls as investors await European bail-out
Wednesday, 28 September 2011, 5:28 pm | BusinessDesk
Sept. 28 (BusinessDesk) – The New Zealand dollar fell in the local trading session as investors await signs that European leaders will agree to a bigger bail-out fund for the region’s indebted nations. More >>
Quadrant seeks up to $136 mln in partial float of Summerset
Wednesday, 28 September 2011, 4:02 pm | BusinessDesk
Sept. 28 (BusinessDesk) – Quadrant Private Equity is looking to repeat its success with the Kathmandu Holdings float, seeking up to $136 million in a partial sell-down of its stake in retirement village owner Summerset Group when it lists on the NZX. More >>
Postie Plus shares jump on profit boost
Wednesday, 28 September 2011, 3:42 pm | BusinessDesk
Sept. 28 (BusinessDesk) – Clothing chain Postie Plus Group boosted net profit 58% as it grabbed more market share despite weak demand from households. The stock rose 8.1%. More >>
From the Farm: Meet Fonterra’s new head bloke
Wednesday, 28 September 2011, 3:10 pm | BusinessDesk
Theo Spierings says his family calls him “the milk man” reflecting 25 years in the dairy industry. Twelve jobs on five continents, with family in tow. More >>
New Fonterra CEO vows "fresh look" at high local milk prices
Wednesday, 28 September 2011, 1:54 pm | BusinessDesk
Sept. 28 (BusinessDesk) – Fonterra Cooperative Group’s new chief executive Theo Spierings says the world’s biggest dairy exporter is ‘bothered’ by perceptions that fresh milk is too expensive in New Zealand and is taking the issue “back to ... More >>
Air NZ slams Commerce Commission for “capricious” cargo case
Wednesday, 28 September 2011, 1:39 pm | BusinessDesk
Sept. 28 (BusinessDesk) – The Commerce Commission’s pursuit of airlines and freight forwarders is “capricious”, and the regulator should be focusing on airports to limit over-pricing in freight services, according to Air New Zealand Ltd. More >>
