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 1539]
OnePath may have to lower exit fees for Argosy, Vital
Wednesday, 29 June 2011, 4:08 pm | BusinessDesk
June 29 (BusinessDesk) – OnePath NZ Ltd., the fund manager owned by Australian & New Zealand Banking Group, may have to lower its termination fee to end its management contracts for two listed property trusts. More >>
Z Energy to sell up to $150M of 7-year bonds paying 7.25%
Wednesday, 29 June 2011, 12:39 pm | BusinessDesk
Z Energy to sell up to $150M of 7-year bonds paying 7.25% annual interest More >>
Midday business update from BusinessDesk – June 29
Wednesday, 29 June 2011, 12:08 pm | BusinessDesk
Markets, kiwi dollar climb amid optimism over Greek debt crisis Stocks on the NZX 50 index and the New Zealand dollar gained this morning as markets get more optimistic about the debt crisis in Greece. German bankers have agreed to a French proposal ... More >>
Southern Travel sees $600,000 loss after quakes, floods
Wednesday, 29 June 2011, 11:46 am | BusinessDesk
June 29 (BusinessDesk) - Southern Travel Holdings said the natural disasters in Christchurch, Japan and Queensland in the March quarter mean it expects to report a loss of about $600,000 for the year ending June 30. More >>
Telstra CFO Stanhope to step down after four decades
Wednesday, 29 June 2011, 11:40 am | BusinessDesk
June 29 (BusinessDesk) – Telstra Corp. chief financial officer John Stanhope will retire at the end of the year after more than four decades with Australia’s biggest phone company. More >>
Johnston tapped to head NZX’s disciplinary tribunal
Wednesday, 29 June 2011, 11:34 am | BusinessDesk
June 29 (BusinessDesk) – Russell McVeagh partner Derek Johnston has been tapped to chair the stock exchange’s NZ Markets Disciplinary Tribunal. More >>
Stocks to watch: AMP, KMD, NPX, NZS, PGW, TEL
Wednesday, 29 June 2011, 9:31 am | BusinessDesk
June 29 (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 with equities on optimism for Greek outcome
Wednesday, 29 June 2011, 8:27 am | BusinessDesk
June 29 (BusinessDesk) - The New Zealand dollar rose more than half a U.S. cent as optimism that Greece will pass its austerity package drove global equities higher for a second day. More >>
While you were sleeping: The Greek dance continues
Wednesday, 29 June 2011, 7:41 am | BusinessDesk
(BusinessDesk) June 29 - The tone on Wall Street and Europe’s equity markets remained positive amid optimism the E.U. is making progress in its efforts to avert a Greek default. More >>
MARKET CLOSE: NZ stocks rise, Tower paces gainers on AMI bid
Tuesday, 28 June 2011, 6:05 pm | BusinessDesk
June 28 (BusinessDesk) - New Zealand stocks crept higher with insurer Tower Ltd. pacing gainers amid speculation it’s poised to make a bid for AMI Insurance Ltd. Kathmandu Holdings was the biggest decliner on the day. More >>
NZ Farming Systems sees return to profit as milk prices soar
Tuesday, 28 June 2011, 1:45 pm | BusinessDesk
June 28 (BusinessDesk) – NZ Farming Systems Uruguay Ltd., the South American dairy farm manager, may return to profit earlier than forecast on higher-than-expected milk prices. More >>
Wrightson shareholders sign off on finance unit sale
Tuesday, 28 June 2011, 1:38 pm | BusinessDesk
June 28 (BusinessDesk) – Shareholders in rural services firm PGG Wrightson Ltd. have approved the sale of its finance unit to Heartland New Zealand Ltd. More >>
Midday business update from BusinessDesk - June 28
Tuesday, 28 June 2011, 12:06 pm | BusinessDesk
The independent directors of Vital Healthcare Property Trust are urging shareholders to ignore a rival bid to internalise the property investor’s management contract. More >>
Updated: NZ Wine Company lifts grape harvest 26%
Tuesday, 28 June 2011, 11:59 am | BusinessDesk
June 28 (BusinessDesk) - The New Zealand Wine Company said its 2011 grape harvest is 586 tonnes, or 26%, higher than last year at 2,808 tonnes from both its company-owned vineyards, leased vineyards and contract growers. More >>
Makhlouf tapped to head Treasury
Tuesday, 28 June 2011, 11:32 am | BusinessDesk
June 28 (BusinessDesk) – Acting Treasury secretary Gabriel Makhlouf will take on the role permanently after the departure of John Whitehead, according to a statement from the State Services Commission. More >>
NZ Wine Company lifts grape harvest 26%
Tuesday, 28 June 2011, 10:34 am | BusinessDesk
June 28 (BusinessDesk) - The New Zealand Wine Company said its 2011 grape harvest is 586 tonnes, or 26%, higher than last year at 2,808 tonnes from both its company-owned vineyards, leased vineyards and contract growers. More >>
Vital Healthcare says Maier’s Ascot proposal `opportunistic'
Tuesday, 28 June 2011, 10:29 am | BusinessDesk
June 28 (BusinessDesk) – The independent directors of Vital Healthcare Property Trust’s manager are urging shareholders to ignore a rival bid to internalise the property investor’s management contract. More >>
New Image flags flat sales, lower profit
Tuesday, 28 June 2011, 10:08 am | BusinessDesk
June 28 (BusinessDesk) – New Image Ltd., which develops colostrums-based health tonics, says full-year earnings are likely to be lower than 2010 as it changes the mix of its operations. More >>
Stocks to watch: AIR, FBU, NWC, SCT, TEN, TWR, VHP
Tuesday, 28 June 2011, 9:44 am | BusinessDesk
June 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 >>
NZ dollar rises with equities on lift in risk appetite
Tuesday, 28 June 2011, 8:25 am | BusinessDesk
June 28 (BusinessDesk) - The New Zealand dollar rose against the greenback after a bounce in global equities saw increased demand for high yielding currencies such as the New Zealand dollar. More >>
