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 1498]
Midday update: Red Shed earnings slip, new strategy in place
Friday, 16 September 2011, 12:17 pm | BusinessDesk
Sept. 16 (BusinessDesk) – Warehouse Group Ltd. has outlined a refreshed corporate strategy as it unveiled an 8.9% slide in earings for the year to July 31 and warned profits could be down again this financial year as well as margins continue to be ... More >>
Wakefield taps investors for $15M to fund acquisitions
Friday, 16 September 2011, 11:36 am | BusinessDesk
Sept. 16 (BusinessDesk) – Wakefield Health Ltd., the private hospital operator, will tap investors for up to $15 million to help pay for recent acquisitions in Tauranga and Auckland. More >>
Stocks to watch: BTU, MGL, NZX, OGC, TEL, WHS
Friday, 16 September 2011, 9:43 am | BusinessDesk
Sept. 16 (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 >>
Warehouse posts 8.9% drop in FY profit before items
Friday, 16 September 2011, 9:10 am | BusinessDesk
Sept. 16 (BusinessDesk) – Warehouse Group Ltd., the biggest retailer on the NZX 50 Index, posted an 8.9% decline in full-year earnings before items and said profit may decline again in 2012, reflecting an uncertain retail sector and costs of sprucing ... More >>
NZ dollar follows global equities higher
Friday, 16 September 2011, 8:25 am | BusinessDesk
Sept. 16 (BusinessDesk) - The New Zealand dollar rose against the greenback, with solid performance by global equity markets helping the currency shrug off some of yesterday the weakness in the wake of the Reserve Bank's dovish monetary policy statement. More >>
MARKET CLOSE: NZ stocks rise as investors hunt yields
Thursday, 15 September 2011, 5:41 pm | BusinessDesk
MARKET CLOSE: NZ stocks rise as investors hunt yields; AMP leads gainers, Steel & Tube falls More >>
NZ dollar falls after Bollard flags slow pace of rate hikes
Thursday, 15 September 2011, 5:19 pm | BusinessDesk
Sept. 15 (BusinessDesk) – The New Zealand dollar fell after Reserve Bank Governor Alan Bollard held the official cash rate at 2.5%, as expected, blaming ongoing global turmoil for staying his hand. More >>
NZ's deferred census to be held on March 5, 2013
Thursday, 15 September 2011, 4:28 pm | BusinessDesk
Sept. 15 (BusinessDesk) - After a postponement caused by the Feb. 22 earthquake in Christchurch, Statistics New Zealand has announced March 5, 2013, as the revised census date. More >>
Mercer gains breach waiver from Westpac, shareholder funding
Thursday, 15 September 2011, 3:47 pm | BusinessDesk
Sept. 15 (BusinessDesk) – Mercer Group, the unprofitable stainless steel fabricator, has gained a waiver from Westpac Banking Corp. for a breach of a banking covenant and announced a $1.3 million ‘shareholder funding facility’ with second-ranking ... More >>
Bathurst Resources FY loss widens on Buller project costs
Thursday, 15 September 2011, 2:39 pm | BusinessDesk
Bathurst Resources FY loss widens on Buller project costs Sept. 15 (BusinessDesk) - Bathurst Resources Ltd. posted a wider full-year loss as the dual-listed coal miner acquired reserves and pursued resource consents and infrastructure for its Buller ... More >>
ETS review backs slower track to full carbon charging
Thursday, 15 September 2011, 1:28 pm | BusinessDesk
by Pattrick Smellie Sept. 15 (BusinessDesk) – A government-appointed review of the Emissions Trading Scheme recommends slower implementation of the parts already in place, but still believes agriculture can be introduced into the scheme from 2015. More >>
Midday update: NZ interest rates to stay lower for longer
Thursday, 15 September 2011, 12:01 pm | BusinessDesk
Sept. 15 (BusinessDesk) – New Zealand interest rates will stay lower for longer and peak at a lower level than previously expected because of the pressure on the world economy created by financial instability emanating from Europe, the Reserve ... More >>
NZ manufacturing growth slows for a third month
Thursday, 15 September 2011, 11:23 am | BusinessDesk
Sept. 15 (BusinessDesk) – New Zealand manufacturing growth slowed for a third month in August as global economic growth faltered, the U.S. had its credit rating cut and Europe’s sovereign debt crisis grabbed headlines again. More >>
NZ dollar falls as Bollard backs away from early rate hikes
Thursday, 15 September 2011, 10:44 am | BusinessDesk
Sept. 15 (BusinessDesk) – The New Zealand dollar dropped half a U.S. cent after Reserve Bank Governor Alan Bollard backed away from hiking interest rates in the immediate future, leaving the official cash rate at 2.5%. More >>
Stocks to watch: CVT, KIP, RNS, SPY, TEL, WSI
Thursday, 15 September 2011, 9:54 am | BusinessDesk
Sept. 15 (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 >>
Wool Equities leads counter-bid for wool scour assets
Thursday, 15 September 2011, 9:52 am | BusinessDesk
Sept. 15 (BusinessDesk) – Wool Equities Ltd. principals and investors are seeking $40 million to acquire New Zealand Wool Services International Ltd. in a challenge to a Cavalier Corp. group trying to create a monopoly in scouring services. More >>
Bollard defends interest rate hikes in 2010
Thursday, 15 September 2011, 9:14 am | BusinessDesk
Sept. 15 (BusinessDesk) – Reserve Bank Governor Alan Bollard defended his decision to hike the official cash rate twice last year after a string of weak data at the tail-end of 2010 drew criticism. More >>
Euro debt crisis to push NZ bank funding costs higher
Thursday, 15 September 2011, 9:12 am | BusinessDesk
Sept. 15 (BusinessDesk) – New Zealand’s banks will be forced to raise interest rates even without a monetary policy tightening if global financial market turmoil continues to push up funding costs, says Reserve Bank Governor Alan Bollard. More >>
Bollard keeps OCR at 2.5%, any increases 'over year or so'
Thursday, 15 September 2011, 9:10 am | BusinessDesk
Bollard keeps OCR at 2.5%, says any increase to be ‘over year or so’ as global turmoil weighed More >>
NZ dollar holds around 82 U.S. cents ahead of OCR review
Thursday, 15 September 2011, 8:36 am | BusinessDesk
Sept. 15 (BusinessDesk) - The New Zealand dollar was little changed against the U.S. currency ahead of the Reserve Bank's review of monetary policy, which is expected to hold interest rates at a record low in the face of global economic turmoil. More >>
