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 1540]
While you were sleeping: Banks breathe sigh of relief
Tuesday, 28 June 2011, 7:38 am | BusinessDesk
(BusinessDesk) June 28 - Investors applauded new rules by global banking regulators that were less stringent than expected, lifting financial stocks on Wall Street including Bank of America Corp. More >>
MARKET CLOSE: NZ stocks fall on Greek jitters; Methven leads
Monday, 27 June 2011, 5:57 pm | BusinessDesk
June 27 (BusinessDesk) - New Zealand stocks fell to their lowest level in four months, as concerns ahead of a key austerity vote in Greece spilled into regional markets. Methven Ltd. led decliners, while Warehouse Group rose. More >>
Smellie on SME’s: Keeping it in the Family
Monday, 27 June 2011, 5:07 pm | BusinessDesk
One of the joys of creating wealth through your own business is that it can also benefit those you hold dearest. More >>
Earthquakes hit Air NZ long-haul passenger numbers in May
Monday, 27 June 2011, 4:17 pm | BusinessDesk
June 27 (BusinessDesk) - Air New Zealand said the impact of the Christchurch and Japan earthquakes significantly hit its long-haul passenger numbers in May. More >>
NZ Dollar Outlook: Kiwi may fall as Greeks vote on austerity
Monday, 27 June 2011, 3:49 pm | BusinessDesk
June 27 (BusinessDesk) - The New Zealand dollar may fall below 80 U.S. cents this week as investors shun higher yielding or riskier assets ahead of a key vote in Greece, when parliamentarians will decide whether to approve a package of spending cuts and ... More >>
2degrees posts $76.8M FY loss, spends cash to chase rivals
Monday, 27 June 2011, 2:16 pm | BusinessDesk
June 27 (BusinessDesk) – Two Degrees Mobile Ltd., the country’s newest mobile phone operator, made a loss of $76.8 million last year as it continued to invest funds in building a network to rival incumbents Telecom Corp. and Vodafone New Zealand ... More >>
FPA's finance unit stops offering securities under guarantee
Monday, 27 June 2011, 1:43 pm | BusinessDesk
June 27 (BusinessDesk) - Fisher & Paykel Appliances Holdings Ltd.’s finance unit will stop offering securities guaranteed under the Crown’s Retail Deposit Guarantee Scheme, effective immediately. More >>
Midday business update: Kiwi drops on weaker trade balance
Monday, 27 June 2011, 12:12 pm | BusinessDesk
June 27 (BusinessDesk) – A drop in dairy exports and $200 million worth of aircraft parts gave New Zealand a smaller than expected trade surplus of $604 million in the month of May, prompting a drop of almost 30 basis points in the New Zealand dollar ... More >>
NZ trade surplus misses expectations, kiwi dollar drops
Monday, 27 June 2011, 11:32 am | BusinessDesk
June 27 (BusinessDesk) – New Zealand’s trade balance was $605 million in surplus last month, falling short of expectations by $375 million and dragging the kiwi dollar lower. More >>
Vital Healthcare to be repaid $4.9m early, Aust tenant sold
Monday, 27 June 2011, 10:44 am | BusinessDesk
June 27 (BusinessDesk) - Vital Healthcare Property Trust's key Australian tenant has been sold in a deal which will see it repaid A$3.8 million early, its manager said. More >>
WEEKLY SPORTS DIGEST: Baby Blacks unbeaten, Vettel on top
Monday, 27 June 2011, 10:37 am | BusinessDesk
27/06/11 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 >>
Scott Technology to raise $9.5M in discounted rights issue
Monday, 27 June 2011, 10:27 am | BusinessDesk
June 27 (BusinessDesk) – Scott Technology Ltd., the Dunedin-based manufacturer, wants to raise $9.5 million in a discounted 1-for-4 rights issue. More >>
Tenon signs up to US$70 mln facility to repay existing debt
Monday, 27 June 2011, 9:59 am | BusinessDesk
Tenon signs up to US$70 mln facility to repay debt, plan for the future More >>
Stocks to watch: DNZ, ECO, NPX, NZO, NZS, PGW, VHP, WHS
Monday, 27 June 2011, 9:39 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 falls ahead of Greek vote
Monday, 27 June 2011, 8:25 am | BusinessDesk
June 27 (BusinessDesk) - The New Zealand dollar slipped lower against the greenback as investors sold higher yielding or riskier assets in favour of safe-haven holdings ahead of a Greek vote on a new austerity package. More >>
World Week Ahead: When in Athens, hold on
Monday, 27 June 2011, 7:12 am | BusinessDesk
June 27 (BusinessDesk) - When push comes to shove this week, there may actually be a few fists flying too. More >>
MARKET CLOSE: NZ stocks fall; Telstra leads decliners
Friday, 24 June 2011, 5:52 pm | BusinessDesk
June 24 (BusinessDesk) - New Zealand stock fell with the exchange chalking up a second weekly decline. Telstra Corp. fell, while Kathmandu Holdings rose. More >>
Heartland's Wrightson Finance offer fails to value goodwill
Friday, 24 June 2011, 5:35 pm | BusinessDesk
June 24 (BusinessDesk) – Heartland New Zealand Ltd.’s proposed $100 million acquisition of PGG Wrightson Ltd.’s finance unit under-values the transfer of a loan book of $491million, says John Hawkins, chairman of the NZ Shareholders’ Association. More >>
DNZ teams with Argosy investors seeking governance meeting
Friday, 24 June 2011, 5:15 pm | BusinessDesk
June 24 (BusinessDesk) – DNZ Property Fund has teamed with other unit-holders in Argosy Property Trust to represent an 11% holding, enough to force a special meeting on the future of its management contract. More >>
SFO closes investigation into two Henderson companies
Friday, 24 June 2011, 3:11 pm | BusinessDesk
June 24 (BusinessDesk) - The Serious Fraud Office has closed its investigation into two of the now bankrupt Christchurch property developer David Henderson's companies saying it finds no basis for further investigation. More >>
