BusinessDesk

Independent, Trustworthy New Zealand Business News

The Wellington-based BusinessDesk team provides a daily news feed for a serious business audience.

Contact BusinessDesk

Email - editor@businessdesk.co.nz

BusinessDesk - Latest News [Page 1504]

Summerset's Campbell sees capital structure decision in 2011

Monday, 5 September 2011, 11:52 am | BusinessDesk

Sept. 5 (BusinessDesk) – Retirement village operator Summerset Group Holdings’ new chairman Rob Campbell expects a new capital structure will be decided on before the year is out. More >>

NZX monthly trading doubles in volatile August

Monday, 5 September 2011, 10:08 am | BusinessDesk

Sept. 5 (BusinessDesk) – The volume of trading doubled on the NZX Ltd.’s exchange in August, a month when global market volatility was heightened by Standard & Poor’s downgrade to America’s credit rating. More >>

Stocks to watch: BTU, WSI, PEB, TTK, TEL, THL

Monday, 5 September 2011, 9:27 am | BusinessDesk

Sept. 5 (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 data show zero U.S. job growth in August

Monday, 5 September 2011, 8:29 am | BusinessDesk

Sept. 5 (BusinessDesk) - The New Zealand dollar fell two-thirds of a cent against the greenback after the key August non-farm payrolls report showed the U.S. economy added no new jobs in the month, prompting investors to abandon risk-sensitive assets ... More >>

World Week Ahead: Obama’s job plan awaited

Monday, 5 September 2011, 6:47 am | BusinessDesk

Sept. 5 (BusinessDesk) - Everyone is in a funk. Those with jobs, those without them and President Barack Obama has turned the spotlight on himself in a bold effort to retake control of the world’s biggest economy. More >>

EQC faces more big bills in initial High Court ruling

Friday, 2 September 2011, 6:35 pm | BusinessDesk

Sept. 2 (BusinessDesk) – The Earthquake Commission faces a bigger bill from the Canterbury earthquakes just days after the government lifted the value of its likely exposure to the natural disasters to $7.1 billion. More >>

MARKET CLOSE: NZ stocks fall on Telecom, U.S. payrolls

Friday, 2 September 2011, 5:51 pm | BusinessDesk

Sept. 2 (BusinessDesk) - New Zealand stocks fell, snapping two days of gains, with a weaker performance by Telecom weighing on the market on a day marked by heightened nervousness ahead of the key non-farm payrolls report out of the U.S. on Friday. More >>

Allan Hubbard, wife in serious car crash, police say

Friday, 2 September 2011, 5:44 pm | BusinessDesk

Sept. 2 (BusinessDesk) – Allan Hubbard, the man at the centre of the South Canterbury Finance collapse, and his wife have been involved in a serious car accident near Oamaru this afternoon. More >>

Air NZ prices unrated 5-yr bonds at 6.9% as $150M snapped up

Friday, 2 September 2011, 4:42 pm | BusinessDesk

Air NZ prices unrated 5-yr bonds at 6.9%, as $150M snapped up without public sale More >>

MONEY TALKS: The big boys like the SOE floats, should you?

Friday, 2 September 2011, 4:10 pm | BusinessDesk

MONEY TALKS: If the big boys are lining up for the SOE float, shouldn't you? More >>

WSI annual profit surges almost six times on wool prices

Friday, 2 September 2011, 3:45 pm | BusinessDesk

Sept. 2 (BusinessDesk) – New Zealand Wool Services International Ltd., whose wool-scouring businesses are the target of rival Cavalier Wool Holdings, boosted annual profit by a magnitude of six on the back of surging wool prices. More >>

Nathan's Finance directors get jail time, home detention

Friday, 2 September 2011, 2:47 pm | BusinessDesk

Sept. 2 (BusinessDesk) - The Nathan's Finance saga came to a conclusion today after the High Court in Auckland handed down two prison sentences and a home detention to three directors of the failed finance company for making untrue statement on its ... More >>

Wakefield spends $6.8 mln on specialist Auckland clinics

Friday, 2 September 2011, 1:10 pm | BusinessDesk

Sept. 2 (BusinessDesk) - Wakefield Health Ltd., the hospital operator which recently took control of Norfolk Investment Ltd., said it's entered into a deal to buy an interest in Endoscopy Auckland Ltd. and Laparoscopy Auckland Ltd. as part of its ... More >>

Companies registrar sits on Hubbard review as appeal looms

Friday, 2 September 2011, 12:05 pm | BusinessDesk

Sept. 2 (BusinessDesk) - The Registrar of Companies, Neville Harris, is keeping mum on the results of a review of the progress of the statutory management of Allan Hubbard, his wife and related companies ahead of next week’s appeal in the High Court in ... More >>

Tourism Holdings signs ambulance supply deal with St John

Friday, 2 September 2011, 11:57 am | BusinessDesk

Sept. 2 (BusinessDesk) - Tourism Holdings, the campervan rental company hurt by the Christchurch earthquakes and Queensland flooding earlier this year, said it's branching out of its traditional markets further, signing a contract to supply St. John with ... More >>

Midday update: Telecom wholesale broadband to stay regulated

Friday, 2 September 2011, 11:50 am | BusinessDesk

Telecom Corp.’s wholesale broadband offerings will continue to be regulated by the Commerce Commission as that part of the telecommunications sector faces limited competition. More >>

CRP says market re-rating stock on value of prospects

Friday, 2 September 2011, 11:31 am | BusinessDesk

Sept. 2 (BusinessDesk) – Chatham Rock Phosphate Ltd., which has a prospecting permit to assess the potential for mining rock phosphate from the sea floor, says a doubling in its stock price over two weeks is likely to be investors recognising the potential ... More >>