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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 1520]
Air NZ says Blenheim man died in accident at Safe Air unit
Monday, 8 August 2011, 11:51 am | BusinessDesk
Aug. 8 (BusinessDesk) – Air New Zealand Ltd. says an engineer at its Safe Air maintenance unit died in an accident. More >>
WEEKLY SPORTS DIGEST: Adam Scott wins golf’s WGC-Bridgestone
Monday, 8 August 2011, 11:28 am | BusinessDesk
08/08/11 Executive sport summary – An overview of the major sporting events – Results, key moments and talking points – Everything you need to know to foot it at the water cooler this week. More >>
Rural Equities returns to profit, buys back investor's stock
Monday, 8 August 2011, 11:19 am | BusinessDesk
Aug. 8 (BusinessDesk) - Rural Equities Ltd., the farming group controlled by Selwyn Cushing’s H&G Ltd., returned to profit in its latest year, ending a run of losses. More >>
NZ shares fall, first market to open after US rating cut
Monday, 8 August 2011, 10:38 am | BusinessDesk
Aug. 8 (BusinessDesk) – New Zealand shares fell, pushing the NZX 50 Index to an 11-month low, and may extend their slide as equity markets open across Asia following America’s first-ever credit rating downgrade. Fletcher Building, Contact Energy ... More >>
Yarrows bakery attracts ‘considerable interest': receiver
Monday, 8 August 2011, 10:08 am | BusinessDesk
Aug. 8 (BusinessDesk) – Yarrows (The Bakers) Ltd., which called in the receivers in May, has attracted “considerable interest” and the receiver is negotiating with prospective buyers, according to its first report. More >>
Stocks to watch: BGR, DNZ, FPH, GFF, HNZ, SKT
Monday, 8 August 2011, 9:38 am | BusinessDesk
Aug. 8 (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 rises after U.S. credit rating downgrade
Monday, 8 August 2011, 8:26 am | BusinessDesk
Aug. 8 (BusinessDesk) - The New Zealand dollar rose against the greenback, with the U.S. dollar sliding in the wake of Standard & Poor's decision to strip the world's largest economy of its triple-A credit rating. More >>
World Week Ahead: Disconnected and disenchanted
Monday, 8 August 2011, 6:54 am | BusinessDesk
Aug. 8 (BusinessDesk) - This past weekend provided a welcome - at least temporary - respite from the turmoil which culminated in the U.S. losing its top-notch credit rating at Standard & Poor’s after one of the worst week for equities in two ... More >>
MARKET CLOSE: NZ stocks join global rout, led by AMP
Friday, 5 August 2011, 5:47 pm | BusinessDesk
Aug. 5 (BusinessDesk) - New Zealand stocks fell for a third session this week, joining Asia Pacific bourses in a mass selloff amid renewed concerns about the U.S. growth outlook and fears Italy may be the next country to become entangled in the European ... More >>
Company Registrar mulls Hubbard statutory management review
Friday, 5 August 2011, 4:02 pm | BusinessDesk
Aug. 5 (BusinessDesk) – The Registrar of Companies, Neville Harris, is still mulling the results of a high-level review of progress in the statutory management of Allan Hubbard, his wife and related companies. More >>
MONEY TALKS: Parking your money in a global minefield
Friday, 5 August 2011, 3:03 pm | BusinessDesk
MONEY TALKS: In a global minefield, finding a home for your cash is the million-dollar question More >>
Briscoe first half profit to rise by 10% on Q2 sales
Friday, 5 August 2011, 11:53 am | BusinessDesk
Aug. 5 (BusinessDesk) - Briscoe Group, the homeware and sporting goods retailer, says first-half net profit will come about 10% higher than last year on the back of improved second quarter sales. More >>
Midday update: Kiwi dollar still tumbling following global s
Friday, 5 August 2011, 11:48 am | BusinessDesk
Aug 5 (BusinessDesk) – The New Zealand dollar continued to fall throughout this morning, going below US83 cents, its lowest since July 13, when the kiwi was on its recent run-up to above 88 cents. The local currency was trading at 82.87 cents shortly ... More >>
Global markets crash exposes Kiwi dollar ‘safe haven’ myth
Friday, 5 August 2011, 10:52 am | BusinessDesk
Aug 5 (BusinessDesk) – The rapid fall in the New Zealand dollar proves recent talk of the kiwi becoming a ‘safe haven’ currency was hot air, say economists scrambling this morning to interpret the dramatic retreat in developed world currency and stock ... More >>
Stocks fall, sending NZX 50 down 2.5%, following global rout
Friday, 5 August 2011, 10:44 am | BusinessDesk
Aug. 5 (BusinessDesk) - New Zealand stocks joined a global selloff in equity markets and government bonds rallied amid concern more European nations will be dragged into the sovereign debt crisis, nudging the world back toward recession. More >>
Stocks to watch: CHA, FPH, NZO, PGC, TWR, WFD
Friday, 5 August 2011, 9:41 am | BusinessDesk
Aug. 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 drops below 84 cents, stocks to join global rout
Friday, 5 August 2011, 8:43 am | BusinessDesk
Aug. 5 (BusinessDesk) - The New Zealand dollar plummeted below 84 U.S. cents and stocks are likely to follow a slump on Wall Street and in Europe amid speculation the European sovereign debt crisis may spread to core euro zone countries, forcing ... More >>
Baker Street becomes largest holder of Pyne Gould
Thursday, 4 August 2011, 6:07 pm | BusinessDesk
Aug. 4 (BusinessDesk) - Baker Street Capital, a Californian hedge fund manager, has increased its stake in New Zealand finance company Pyne Gould Corp. to 19.78% as the Accident Compensation Corp. and Harrogate Trustee Ltd. sell down their shares. More >>
MARKET CLOSE: NZ stocks rise on bargain hunting; GFF rises
Thursday, 4 August 2011, 5:48 pm | BusinessDesk
Aug. 4 (BusinessDesk) - New Zealand stocks rose for the first time in three sessions, with a spate of bargain hunting helping keep fears about the sustainability of the global economy at bay for the time being. Goodman Fielder led gainers, while AMP ... More >>
EQC’s $100k pay-out to Chch households a once a year 'deal'
Thursday, 4 August 2011, 5:43 pm | BusinessDesk
EQC’s $100k pay-out to Chch households a once a year 'deal', lawyers argue More >>
