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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 1525]
Jasons expects annual operating earnings to fall 10%
Wednesday, 27 July 2011, 4:48 pm | BusinessDesk
July 27 (BusinessDesk) - Jasons Travel Media said it expects annual operating earnings to fall about 10% reflecting softening accommodation print revenues amid challenging trading conditions. More >>
Business confidence rises for fourth straight month
Wednesday, 27 July 2011, 2:22 pm | BusinessDesk
July 27 (BusinessDesk) – Business confidence rose for the fourth month in a row this month, despite a host of factors that might otherwise be expected to damp expectations for the period ahead, according to the latest National Bank Business Outlook survey. More >>
Midday update: US jitters keep Kiwi at record levels
Wednesday, 27 July 2011, 12:01 pm | BusinessDesk
July 27 (BusinessDesk) – Political turmoil ahead of the looming Aug. 2 deadline for the U.S. to agree on a new debt ceiling continues to collapse global confidence in the greenback, underpinning strength in commodity currencies, including the New ... More >>
Livestock Improvement profit soars 11% on record semen sales
Wednesday, 27 July 2011, 11:45 am | BusinessDesk
July 27 (BusinessDesk) – Livestock Improvement Corp., the farmer-owned animal genetics and semen cooperative, posted a 11% jump in annual profit after record sales of semen for dairy herds, allowing it to pay the highest-ever dividend. More >>
Floods, earthquakes leave Abano short of profit forecasts
Wednesday, 27 July 2011, 11:07 am | BusinessDesk
July 27 (BusinessDesk) - Abano Healthcare Group's annual results fell slightly short of its own forecasts because the Queensland floods and Christchurch earthquakes cost it more than expected. More >>
National Finance’s Ludlow guilty of theft, false accounting
Wednesday, 27 July 2011, 11:04 am | BusinessDesk
July 27 (BusinessDesk) – Trevor Ludlow, the former director of failed lender National Finance 2000 Ltd., has been convicted of theft and false accounting charges brought by the Serious Fraud Office. More >>
From The Farm: Kiwi comes second in popularity contest
Wednesday, 27 July 2011, 10:58 am | BusinessDesk
Question: what has soared 75% in the past five years? Not the kiwi dollar - that rose only 40% against the greenback. More >>
Stocks to watch: ABA, ALF, CEN, JWI, NZO, OGC, VHP
Wednesday, 27 July 2011, 9:35 am | BusinessDesk
July 27 (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 >>
Pacific Fibre signs Australia’s iiNet as second customer
Wednesday, 27 July 2011, 9:21 am | BusinessDesk
July 27 (BusinessDesk) – Pacific Fibre Ltd., the local start-up looking to build a second internet cable linking New Zealand to the world, has signed up ASX-listed internet service provider iiNet Ltd. in a long-term international capacity deal. More >>
NZ dollar holds above 87 US cts as US debt talks drag
Wednesday, 27 July 2011, 8:49 am | BusinessDesk
July 27 (BusinessDesk) – The New Zealand dollar held above 87 U.S. cents as the stalled negotiations to lift America’s debt ceiling kept the greenback under selling pressure. More >>
MARKET CLOSE: NZ shares slide, led by NZ Oil & Gas, Contact
Tuesday, 26 July 2011, 6:09 pm | BusinessDesk
July 26 (BusinessDesk) - New Zealand shares fell for a second day, led by NZ Oil & Gas, as investors adjusted their valuations to take account of smaller Tui reserves. Contact Energy declined on signs intense rivalry for customers is prompting ... More >>
Lion Man’s Zion Wildlife Gardens sent to receiver
Tuesday, 26 July 2011, 5:22 pm | BusinessDesk
July 26 (BusinessDesk) – Zion Wildlife Gardens Ltd. has been sent to the receivers, signalling the failure of the reserve that came to international fame through the television show ‘The Lion Man’. More >>
IRD chasing McCarten’s Unite Support Services over taxes
Tuesday, 26 July 2011, 4:58 pm | BusinessDesk
July 26 (BusinessDesk) – Inland Revenue is chasing unionist Matt McCarten’s Unite Support Services Ltd. for $150,750 in unpaid taxes after the department forced the company into liquidation last month. More >>
EPMU fails in bid to boost Pike workers’ prioritised pay
Tuesday, 26 July 2011, 3:40 pm | BusinessDesk
July 26 (BusinessDesk) – The NZ Amalgamated Engineering, Printing & Manufacturing Union Inc. has lost its bid to boost the value of payments for workers made redundant by Pike River Coal Ltd. The Employment Relations Authority in Christchurch last week ... More >>
Kiwi soars to new high after Obama, Boehner speeches
Tuesday, 26 July 2011, 3:30 pm | BusinessDesk
NZ dollar soars to new post-float high as US assets sell-off after debt speeches More >>
Vital contract buyout would be ‘reasonable’ at $5.5M: NZSA
Tuesday, 26 July 2011, 3:06 pm | BusinessDesk
July 26 (BusinessDesk) – The cost to buy out the management contract for Vital Healthcare Property Trust would be ‘reasonable’ at $5.5 million – well below the costs flagged in competing proposals to wrest the contract from its ANZ Bank-owned ... More >>
July 26 midday business update from BusinessDesk
Tuesday, 26 July 2011, 12:09 pm | BusinessDesk
Reserve Bank Governor Alan Bollard won’t have any qualms about keeping the official cash rate at a record-low 2.5% on Thursday as the slowing growth in exports will keep the economy from running away from him. More >>
NZ trade surplus falls short of expectations; kiwi falls
Tuesday, 26 July 2011, 11:22 am | BusinessDesk
July 26 (BusinessDesk) – New Zealand’s trade surplus was $230 million in June, missing forecasts and pushing the kiwi dollar down by almost a third of a cent. More >>
Telecom to keep a chunk of fibre in asset carve-up
Tuesday, 26 July 2011, 10:02 am | BusinessDesk
July 26 (BusinessDesk) – Telecom Corp.’s retail arm will keep a chunk of the fibre assets when it splits into two companies, maintaining control of its own national network. More >>
Stocks to watch: CHA, FPH, NZO, PPP, OGC, SCY, TEL
Tuesday, 26 July 2011, 9:36 am | BusinessDesk
July 22 (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 >>
