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 1493]
NZ dollar rises as stocks bounce on euro hopes
Tuesday, 27 September 2011, 8:25 am | BusinessDesk
Sept. 27 (BusinessDesk) - The New Zealand dollar rose against the greenback in volatile trade, following equities higher after European officials signaled that they were working on ways to increase the scope of euro zone rescue fund. More >>
While you were sleeping: Stocks rise on Euro hopes
Tuesday, 27 September 2011, 8:03 am | BusinessDesk
Sept. 27 (BusinessDesk) – Stocks rose in Europe and the U.S. and Treasury bonds fell amid hopes Europe will find a way to tackle its sovereign debt crisis, even while leaders in the region are divided. More >>
Michael Fay-led low-ball offer for Crafar farms rejected
Monday, 26 September 2011, 6:03 pm | BusinessDesk
Michael Fay-led low-ball offer for Crafar farms turned down, PM dodges Pengxin questions More >>
MARKET CLOSE: NZ stocks fall on euro zone fears; OGC leads
Monday, 26 September 2011, 5:56 pm | BusinessDesk
MARKET CLOSE: NZ stocks fall on euro zone fears; OceanaGold leads decliners, Pumpkin Patch rises More >>
NZ dollar slides on lack of progress over Euro debt crisis
Monday, 26 September 2011, 5:32 pm | BusinessDesk
Sept. 26 (BusinessDesk) – The New Zealand dollar extended its decline for a sixth day as fears over Europe’s ability to resolve its looming sovereign debt crisis kept investors seeking safe haven assets. More >>
Skellerup looks to hike directors' fees almost 50%
Monday, 26 September 2011, 4:53 pm | BusinessDesk
Sept. 26 (BusinessDesk) - Skellerup Holdings, the rubber goods and milking products manufacturer, will ask shareholders to approve close to a 50% increase in non-executive directors fees, saying the move is necessary to retain talent on its board. More >>
SMELLIE ON SMEs: Succession planning in hard times
Monday, 26 September 2011, 3:51 pm | BusinessDesk
Sept. 26 (BusinessDesk) –A generation of baby boomers is getting set to retire, and a goodly portion are small business owners looking for ways to turn their lifetime of hard graft into a nest-egg of hard cash. The trouble is, when a lot of people ... More >>
NZ Super Fund in takeover bid for Aussie toll road operator
Monday, 26 September 2011, 3:38 pm | BusinessDesk
NZ Super Fund in A$2.17 billion takeover bid for Aussie toll road operator More >>
NZ Dollar Outlook: Kiwi may extend decline on Europe's debt
Monday, 26 September 2011, 2:48 pm | BusinessDesk
Sept. 26 (BusinessDesk) - The New Zealand dollar may extend its decline this week as investors, nervous about the slow progress being made on Europe's escalating sovereign debt crisis, sell growth-linked currencies for the relative safety of the greenback. More >>
Midday update: Serepisos declared bankrupt
Monday, 26 September 2011, 12:02 pm | BusinessDesk
Sept. 26 (BusinessDesk) – Embattled Wellington property developer and former Phoenix football club owner Terry Serepisos ran out of time with his creditors in the Wellington High Court this morning, where he was declared bankrupt. At a press conference last ... More >>
Serepisos bankrupted as 11th hour play for time fails
Monday, 26 September 2011, 11:48 am | BusinessDesk
Sept. 26 (BusinessDesk) – Wellington property developer Terry Serepisos was bankrupted in the High Court in Wellington today after Associate Judge David Gendall knocked back yet another bid to play for more time. More >>
Balance of trade remains favourable in August
Monday, 26 September 2011, 11:18 am | BusinessDesk
Balance of trade remains favourable in August Sept. 26 (BusinessDesk) – New Zealand’s balance of trade continued to show relative strength as high world prices for traditional export commodities held up and imports remained subdued. More >>
Serepisos runs out of time to pay debts, declared bankrupt
Monday, 26 September 2011, 11:10 am | BusinessDesk
Sept. 26 (BusinessDesk) – Wellington property developer Terry Serepisos has been declared bankrupt in the High Court in Wellington after his last-minute bid for more time to pay debts was rejected. More >>
Stocks to watch: GPG, HLG, NZS, OGC, VHP, WTL
Monday, 26 September 2011, 9:36 am | BusinessDesk
Sept. 26 (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 >>
Warm winter takes gloss of Hallensteins earnings
Monday, 26 September 2011, 9:22 am | BusinessDesk
Sept. 26 (BusinessDesk) – Clothing retailer Hallenstein Glasson Holdings reported a 6.6% decline in annual earnings, blaming unseasonal weather for the lack of demand in some of its lines. More >>
NZ dollar falls as global economic doubts linger
Monday, 26 September 2011, 8:33 am | BusinessDesk
Sept. 26 (BusinessDesk) - The New Zealand dollar fell against the greenback as lingering fears the global economy is teetering on the brink of a recession continued to weigh on growth-linked assets such as the kiwi and Australian dollar. More >>
World Week Ahead: Have bond yields reached their lows?
Monday, 26 September 2011, 7:44 am | BusinessDesk
Sept. 26 (BusinessDesk) - US 10-year Treasuries fell on Friday in New York, pushing their yield up from a record low, amid signs the global economy has spat out all its bad news for now. More >>
Accountant cries foul as taxman targets company tax loophole
Sunday, 25 September 2011, 5:02 pm | BusinessDesk
Sept. 25 (BusinessDesk) – A senior tax accountant is crying foul over a tax department guideline that will stop the self-employed exploiting the difference between the 28% company tax rate and the top personal tax rate of 33%. More >>
2degrees shareholders pump in another US$7M
Friday, 23 September 2011, 6:12 pm | BusinessDesk
Sept. 23 (BusinessDesk) – Shareholders in mobile operator Two Degrees Mobile Ltd. have stumped up a further US$7 million this month, and paid more per share. More >>
MARKET CLOSE: NZ stocks fall; OceanaGold leads decliners
Friday, 23 September 2011, 6:04 pm | BusinessDesk
Sept. 23 (BusinessDesk) - New Zealand stocks fell amid a wave of negativity triggered by fears that the global economy is spiraling toward recession. OceanaGold Corp. led decliners and Fisher & Paykel Healthcare Corp. rose. More >>
