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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 1494]
NZ Farming Systems to tap shareholders for US$120M
Friday, 23 September 2011, 5:58 pm | BusinessDesk
NZ Farming Systems to tap shareholders for US$120M in issue that may lift Olam's stake More >>
MONEY TALKS: Lessons from Terry
Friday, 23 September 2011, 5:55 pm | BusinessDesk
MONEY TALKS: You don’t need to be an Apprentice to learn a lesson or two from Terry More >>
NZ dollar holds near six-month low
Friday, 23 September 2011, 5:30 pm | BusinessDesk
NZ dollar holds near six-month low amid equity slide, talk of credit rating cut More >>
Serepisos irked by Phoenix takeover tactics
Friday, 23 September 2011, 2:22 pm | BusinessDesk
Sept. 23 (BusinessDesk) – Embattled property developer Terry Serepisos says he decided to relinquish control of the Wellington Phoenix A-league soccer team, though the handover could have been handled differently. More >>
Serepisos loses control of Phoenix to Wellington businessmen
Friday, 23 September 2011, 1:04 pm | BusinessDesk
Sept. 23 (BusinessDesk) – Embattled property developer Terry Serepisos has lost control of the Wellington Phoenix A-league soccer club to a group of Wellington businessmen after failing to reach agreement with Football Federation Australia. More >>
Midday update: NZ shares tumble; Serepisos loses Phoenix
Friday, 23 September 2011, 12:21 pm | BusinessDesk
Sept. 23 (BusinessDesk) – Shares of the top 50 companies listed on the New Zealand stock exchange fell across the board in trading this morning, with 46 stocks down and only one gainer, as the NZX50 Index fell 1.67% to 3256.85. The largest decliner ... More >>
(UPDATED) GPG sells 19.4% stake in Turners Auctions
Friday, 23 September 2011, 11:50 am | BusinessDesk
Sept. 23 (BusinessDesk) – Guinness Peat Group, the investment company winding up its portfolio, sold its 19.4% stake in Turners Auctions Ltd. in an off-market transaction to investors including Milford Asset Management. More >>
Windflow signs first U.K. turbine deal
Friday, 23 September 2011, 11:45 am | BusinessDesk
Windflow signs first U.K. turbine deal Sept. 23 (BusinessDesk) - Windflow Technology Ltd. has signed a deal with U.K.-based North Fish which could see the ailing company secure its first sale of a twin-blade turbine since the completion of the Te Rere ... More >>
GPG sells stake in Turners Auction in deal with Milford
Friday, 23 September 2011, 11:01 am | BusinessDesk
Sept. 23 (BusinessDesk) – Guinness Peat Group, the investment company winding up its portfolio, sold its 19.4% stake in Turners Auctions Ltd. in an off-market transaction with Milford Asset Management. More >>
Employment outlook remains tough, if brightening slowly
Friday, 23 September 2011, 10:51 am | BusinessDesk
Sept. 23 (BusinessDesk) – New Zealanders remain pessimistic about short term employment prospects, and have pegged back their expectations of improving conditions over the year ahead, according to the Westpac-McDermott Miller Employment Confidence Index ... More >>
ANZ Bank aims to quash Vital internalisation with 9% stake
Friday, 23 September 2011, 10:24 am | BusinessDesk
Sept. 23 (BusinessDesk) – Australia & New Zealand Banking Group wants to shut down a bid to bring Vital Healthcare Property Trust’s management in-house, having boosted its stake in the healthcare property investor yesterday. More >>
NZ shares drop 1.8%, joining global rout
Friday, 23 September 2011, 10:15 am | BusinessDesk
New Zealand shares fell 1.8%, joining a global slide in equities, commodities and growth-linked currencies, as evidence mounted that worldwide economic growth is faltering. More >>
Stocks to watch: BTU, CVT, FPH, HNZ, OGC, VHP
Friday, 23 September 2011, 9:44 am | BusinessDesk
Sept. 23 (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 drops to near 6-mth low on global recession fears
Friday, 23 September 2011, 8:36 am | BusinessDesk
Sept. 23 (BusinessDesk) - The New Zealand dollar plummeted to near a six-month low against the greenback amid fears the economic crises in Europe and the U.S. are snowballing beyond the control of policymakers. More >>
Comvita settles British patent dispute
Thursday, 22 September 2011, 6:34 pm | BusinessDesk
Sept. 22 (BusinessDesk) – Comvita Ltd., the manuka honey wound care manufacturer, has settled the British patent dispute that plunged it into the red last year, and won’t have to make a 226,000 pound payment. More >>
Boffins hit Wellington for mega-telescope bid talks
Thursday, 22 September 2011, 6:30 pm | BusinessDesk
Sept. 22 (BusinessDesk) – One of the most important networking events in New Zealand’s recent scientific history is occurring in Wellington today and tomorrow. More >>
NZ dollar sinks to four-month low on weak GDP, Fed plans
Thursday, 22 September 2011, 6:05 pm | BusinessDesk
Sept. 22 (BusinessDesk) – The New Zealand dollar fell to a four-month low after surprisingly weak economic growth data and disappointment over the Federal Reserve's measures to beef up the world’s biggest economy. More >>
MARKET CLOSE: NZ stocks rise on weaker kiwi, Fonterra payout
Thursday, 22 September 2011, 5:57 pm | BusinessDesk
MARKET CLOSE: NZ stocks rise on weaker kiwi, Fonterra payout; FPH leads gainers, RBD falls More >>
Councils back Bathurst against consent appeals
Thursday, 22 September 2011, 4:42 pm | BusinessDesk
Councils to join Bathurst in defending consents Sept. 22 (BusinessDesk) – Coal-miner Bathurst Resources Ltd. will have the backing of the West Coast Regional Council and Buller District Council as it tries to head off asppeals to the Environment Court ... More >>
ANZ takes 9% stake in Vital, affirms support for manager
Thursday, 22 September 2011, 2:17 pm | BusinessDesk
Sept. 22 (BusinessDesk) – Australia & New Zealand Banking Group has taken a 9% stake in Vital Healthcare Property Trust as the property investor’s ANZ-owned manager finds itself at odds with the independent directors to internalise the contract. ... More >>
