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 1543]
GPG flags week-long trading halt for capital return
Wednesday, 22 June 2011, 9:24 am | BusinessDesk
GPG flags week-long trading halt for capital return June 22 (BusinessDesk) – Guinness Peat Group, the investment company formerly led by Ron Brierley, will halt trading in its shares next week to make its capital return to shareholders of some $158 million. More >>
Bathurst Resources secures coal train link to Lyttelton
Wednesday, 22 June 2011, 9:23 am | BusinessDesk
June 22 (BusinessDesk) – West Coast coking coal mine developer Bathurst Resources Ltd. will send up to 25% of its production through the Lyttelton Port Co., under a wide-ranging collaborative agreement announced today with state-owned coal miner ... More >>
NZ dollar slips ahead of current account, Greek vote
Wednesday, 22 June 2011, 8:33 am | BusinessDesk
June 22 (BusinessDesk) - The New Zealand dollar fell ahead of current account data for the first quarter and as Greek Prime Minister George Papandreou seeks to survive a confidence vote that may be the key to a financial rescue for the European Union ... More >>
While you were sleeping: Optimism on Greece lifts mood
Wednesday, 22 June 2011, 7:40 am | BusinessDesk
(BusinessDesk) June 22 - Optimism that Greek Prime Minister George Papandreou would draw support at a confidence vote that could help the country avoid defaulting on its debt set the tone for stock markets on both sides of the Atlantic. More >>
MARKET CLOSE: NZ stocks fall; Contact leads fall, Methven up
Tuesday, 21 June 2011, 5:48 pm | BusinessDesk
MARKET CLOSE: NZ stocks fall; Contact leads decliners, Methven rises June 21 (BusinessDesk) - New Zealand stocks fell for a fourth session, with Contact Energy Ltd. leading decliners after warning that softer wholesale prices and weak demand will weigh on ... More >>
Irongate bond offer to help prevent 'fire sale': Southside
Tuesday, 21 June 2011, 5:10 pm | BusinessDesk
June 21 (BusinessDesk) - Southside Group says its offer for 10% of Irongate Property Trust's defaulted May 2011 bonds is an attempt to extract greater value from the failed company's assets than a receivership sale would generate. More >>
Test article for BusinessDesk Yahoo feed
Tuesday, 21 June 2011, 4:22 pm | BusinessDesk for Yahoo
Test Testing Test Testing Test Testing Test Testing Test Testing Test Testing ENDS More >>
UPDATED: Irongate receiver urges bond holders to wait
Tuesday, 21 June 2011, 3:56 pm | BusinessDesk
June 21 (BusinessDesk) – Irongate Property Trust’s receivers and trustee say the failed property investor’s bond holders should wait for their report before deciding whether to accept a discounted and opportunistic offer for the securities ... More >>
Banks challenged to reveal credit card payback times
Tuesday, 21 June 2011, 3:11 pm | BusinessDesk
June 21 (BusinessDesk) – Retirement Commissioner Diana Crossan wants banks to tell their customers how long it will take them to repay credit card debt at the minimum amount in their monthly statements. More >>
Irongate receiver urges bond holders to wait for report
Tuesday, 21 June 2011, 1:34 pm | BusinessDesk
June 21 (BusinessDesk) – The receiver of Irongate Property Trust says the failed property investor’s bond holders should wait for their report before deciding whether to accept a discounted offer for the securities from development firm Southside Group. More >>
New Zealand visitor numbers dip in May
Tuesday, 21 June 2011, 11:21 am | BusinessDesk
June 21 (BusinessDesk) - New Zealand's short-term visitor numbers fell in May, driven by a drop in arrivals from Japan and Korea, reversing strong gains seen in the previous month. More >>
Natural Dairy, blocked on Crafar farms, still gets kiwi milk
Tuesday, 21 June 2011, 10:58 am | BusinessDesk
Jun 21 (BusinessDesk) – Natural Dairy NZ Holdings, the Hong Kong company blocked from buying the Crafar farms last year, has started selling New Zealand-made dairy products in China after UBNZ Funds Management was granted approval to export. More >>
Contact warns of weak second-half earnings; stock drops
Tuesday, 21 June 2011, 10:53 am | BusinessDesk
June 21 (BusinessDesk) – Contact Energy Ltd.'s second-half results will probably miss analyst estimates because abundant water in the country’s hydro storage lakes and weak electricity demand caused by the Christchurch earthquakes are keeping wholesale ... More >>
Stocks to watch: NZX, OGC, PAZ, PLU, SKL, TEL
Tuesday, 21 June 2011, 9:42 am | BusinessDesk
June 21 (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 >>
NZX’s MacKenzie off to the Cullen Fund in September
Tuesday, 21 June 2011, 9:27 am | BusinessDesk
June 21 (BusinessDesk) – NZX Ltd.’s head of strategy, Fiona MacKenzie, will leave the stock exchange to lead the New Zealand Superannuation Fund’s investment team in September. More >>
NZ dollar gains on prospect of Greek deal
Tuesday, 21 June 2011, 8:26 am | BusinessDesk
June 21 (BusinessDesk) - The New Zealand dollar rose against the greenback, after euro zone officials looked closer to reaching agreement on a second bailout pack for Greece, helping lift investors’ risk appetite and demand for growth-linked ... More >>
While you were sleeping: Wall Street moves higher
Tuesday, 21 June 2011, 7:15 am | BusinessDesk
(BusinessDesk) June 21 - Stocks on Wall Street advanced as investors on this side of the Atlantic were hopeful that Greece’s debt crisis would be resolved soon. More >>
Buller Electricity to assume control of Pulse Utilities
Monday, 20 June 2011, 6:01 pm | BusinessDesk
June 20 (BusinessDesk) – West Coast lines company Buller Energy Ltd. will take a controlling stake of at least 65% in the struggling NZAX-listed electricity retailer Pulse Utilities New Zealand Ltd., which said today it is suffering a “cash crisis”. More >>
MARKET CLOSE: NZ stocks mixed; Pyne Gould rises, NZX falls
Monday, 20 June 2011, 5:53 pm | BusinessDesk
June 20 (BusinessDesk) - New Zealand stocks were mixed, with the exchange paring gains seen at the start of trading. Pyne Gould Corp. led gainers, while NZX Ltd. fell. More >>
Fonterra renminbi bond six times oversubscribed
Monday, 20 June 2011, 5:28 pm | BusinessDesk
June 20 (BusinessDesk) – Fonterra Cooperative Group, the world’s biggest dairy exporter, said its 300 million yuan sale of three-year bonds in Hong Kong was six times over-subscribed, helping drive down the coupon. More >>
