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 1532]
Morrison & Co. pays $27.8M to lift stake in Infratil to 12%
Tuesday, 12 July 2011, 4:00 pm | BusinessDesk
Morrison & Co. pays $27.8M to lift stake in Infratil to 12% as Utilico sells down More >>
Diligent shares jump ahead of 2Q sales report
Tuesday, 12 July 2011, 3:56 pm | BusinessDesk
July 12 (BusinessDesk) – Start-up software company Diligent Board Member Services' shares jumped 4.2% ahead of it reporting second quarter sales tomorrow. More >>
Rakon opens Chengdu factory on time
Tuesday, 12 July 2011, 3:26 pm | BusinessDesk
July 12 (BusinessDesk) – Rakon Ltd., the crystal timing devices manufacturer, has opened its US$35 million factory in Chengdu in western China on time. More >>
Reckoning looms for racing as $3mln prize subsidy ends
Tuesday, 12 July 2011, 3:14 pm | BusinessDesk
by Jonathan Underhill July 12 (BusinessDesk) – Chronic problems in horse and dog racing will deepen unless the government renews a $3 million prize pot subsidy which is due to run out at the end of this year, officials have advised the incoming Racing ... More >>
Genesis overtakes Contact as largest electricity retailer
Tuesday, 12 July 2011, 1:10 pm | BusinessDesk
July 12 (BusinessDesk) – Customer losses at the country’s largest NZX-listed energy company, Contact Energy Ltd., appear to be accelerating as a customer switching campaign by the Electricity Authority prompts thousands of people to change their ... More >>
NZ log exports rise on Asian demand, but prices hurt locals
Tuesday, 12 July 2011, 12:55 pm | BusinessDesk
July 12 (BusinessDesk) - The value of New Zealand forestry exports continued to climb on the back of strong demand from Asia over the past year, but higher prices are putting local wood processors under pressure to match those gains. More >>
Midday update: Pike lawyers accuse Elder of self-interest
Tuesday, 12 July 2011, 12:02 pm | BusinessDesk
July 12 (BusinessDesk) – Sparks flew at the Pike River disaster commission of inquiry this morning, with legal counsel for the Pike River Coal Ltd. directors questioning the motivation of rival miner Solid Energy Ltd.’s chief executive Don Elder in ... More >>
Pike lawyer says Solid Energy boss talking down mine price
Tuesday, 12 July 2011, 11:41 am | BusinessDesk
July 12 (BusinessDesk) – The gloves have come off for the first time in the Pike River coal mine disaster commission of inquiry, with Solid Energy Ltd. chief executive Don Elder taking “great offence” at suggestions his evidence was designed to ... More >>
Stocks to watch: ATM, AIR, CAV, FBU, OGC, TLS
Tuesday, 12 July 2011, 9:42 am | BusinessDesk
July 12 (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 European debt fears shift to Italy
Tuesday, 12 July 2011, 8:21 am | BusinessDesk
July 12 (BusinessDesk) - The New Zealand dollar fell against the greenback as investors fled their growth positions in favour of safe haven assets amid speculation Italy could be the next European country to sink into a debt crisis. More >>
While you were sleeping: Italy catches cold
Tuesday, 12 July 2011, 7:31 am | BusinessDesk
(BusinessDesk) July 12 - Fear that the debt crisis in Europe is spreading has sent investors running for the exits, hammering both global equities and the euro. More >>
MARKET CLOSE: NZ stocks fall on global growth fears
Monday, 11 July 2011, 5:54 pm | BusinessDesk
July 11 (BusinessDesk) - New Zealand stocks fell to their lowest level this month, pacing declines in equity markets across Asia, after a weak U.S. jobs report stoked concern that the global economic recovery is stalling. Skellerup Holdings led decliners, ... More >>
ACC to cut employer, worker levies on claim cost clamp-down
Monday, 11 July 2011, 5:39 pm | BusinessDesk
July 11 (BusinessDesk) – The government will cut Accident Compensation Corp. levies by $587 million a year after its clamp-down on claims over the past three years pushed its books back into the black. More >>
Vital Healthcare signs A$13.35m development deals
Monday, 11 July 2011, 3:51 pm | BusinessDesk
July 11 (BusinessDesk) - Vital Healthcare Property Trust's manager has signed development deals totalling A$13.35 million at three of its Australian properties which are leased to Healthe Care. More >>
Macquarie writes down Brook Asset Management by $16.3 mln
Monday, 11 July 2011, 2:36 pm | BusinessDesk
July 11 (BusinessDesk) –Macquarie Group, the Australian investment bank, has taken a $16.3 million charge to write down the value of its Brook Asset Management unit after the fund manager’s fees dried up last year. More >>
NZ Dollar Outlook: Kiwi may break above 84 US cents
Monday, 11 July 2011, 2:16 pm | BusinessDesk
NZ Dollar Outlook: Kiwi may break above 84 US cents on relatively sturdy economic recovery More >>
NZ missed out on global land grab, NZIER says
Monday, 11 July 2011, 1:27 pm | BusinessDesk
July 11 (BusinessDesk) – New Zealand’s relative isolation and high-priced property means the nation has missed out on a global grab for land, especially farms, despite rising public disquiet about such sales, the New Zealand Institute of Economic Research ... More >>
Auckland property market pushes up national values, QV says
Monday, 11 July 2011, 12:38 pm | BusinessDesk
July 11 (BusinessDesk) – New Zealand property values crept up last month as a resurgent Auckland market bumped up nationwide figures which were otherwise flat or negative. More >>
Midday update: PM pledges payment on uninsured public assets
Monday, 11 July 2011, 12:12 pm | BusinessDesk
July 11 (BusinessDesk) – Prime Minister John Key has moved to reassure nervous local governments that the government will stand behind the costs of repairing uninsured basic infrastructure. Opening the Local Government New Zealand conference in Wellington, ... More >>
WEEKLY SPORTS DIGEST: Alonso wins one for Ferrari
Monday, 11 July 2011, 12:01 pm | BusinessDesk
11/07/11 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 >>
