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 1549]
2degrees shareholders tapped for further cash
Thursday, 9 June 2011, 4:11 pm | BusinessDesk
June 9 (BusinessDesk) – Shareholders in Two Degrees Mobile Ltd. have stumped up more funds for the country’s newest mobile phone operator. More >>
Public sectors didn’t understand their own depts: English
Thursday, 9 June 2011, 2:42 pm | BusinessDesk
June 9 (BusinessDesk) – Senior managers of government departments had little understanding of how their organisations ran when the government took office in 2008, says Finance Minister Bill English. More >>
FMA warning on dodgy KiwiSaver sales practices
Thursday, 9 June 2011, 1:07 pm | BusinessDesk
June 9 (BusinessDesk) –A KiwiSaver salesman who solicited for customers outside the offices of Work and Income New Zealand has been potted by the Financial Markets Authority as it warns against accepting investment advice gained from such tactics. More >>
Methven expects to recover $460k from Britain's Focus
Thursday, 9 June 2011, 11:13 am | BusinessDesk
June 9 (BusinessDesk) - Shower and tapware manufacturer Methven says it expects to recover a net $460,000 by the end of June from its former largest British customer, Focus DIY which collapsed in May. More >>
Timing of rate hikes in focus as Bollard upbeat on economy
Thursday, 9 June 2011, 11:07 am | BusinessDesk
Timing of rate hikes back in focus as Bollard gives upbeat take on NZ economy More >>
Stocks to watch: ARG, CEN, GPG, HNZ, TEL, TUR
Thursday, 9 June 2011, 9:34 am | BusinessDesk
June 9 (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 >>
Kiwi jumps on MPS, despite Bollard's jawboning
Thursday, 9 June 2011, 9:09 am | BusinessDesk
June 9 (BusinessDesk) –The kiwi dollar is “constraining rebalancing of the New Zealand economy,” says Reserve Bank governor Alan Bollard. More >>
RBNZ keeps OCR at 2.5%, points to signs of life in economy
Thursday, 9 June 2011, 9:09 am | BusinessDesk
June 9 (BusinessDesk) – Reserve Bank Governor Alan Bollard held the official cash rate at 2.5%, as expected, saying the economy’s outlook has improved and the impact of the Feb. 22 earthquake hasn’t dented the nation’s fortunes as much as feared. More >>
NZ dollar rises on TWI basis ahead of RBNZ announcement
Thursday, 9 June 2011, 8:30 am | BusinessDesk
June 9 (BusinessDesk) - The New Zealand dollar rose on a trade weighted basis ahead of the Reserve Bank's official cash rate review and monetary policy statement today, with the strength of the currency likely to be in the spotlight. More >>
While you were sleeping: Oil interrupted
Thursday, 9 June 2011, 4:45 am | BusinessDesk
(BusinessDesk) June 9 - Saudi Arabia isn’t what it used to be, but what is. The kingdom has failed, at least for the moment, to convince other members of OPEC to agree to increase output. More >>
MARKET CLOSE: NZ stocks rise; ANZ's Argosy fee bid attacked
Wednesday, 8 June 2011, 6:00 pm | BusinessDesk
by Jason Krupp June 8 (BusinessDesk) - New Zealand stocks rose, with Contact Energy Ltd. leading gainers after it completed its shortfall bookbuild, while Restaurant Brands NX Ltd. fell. More >>
Brierley there in body if not in spirit for GPG’s AGM
Wednesday, 8 June 2011, 5:59 pm | BusinessDesk
Brierley there in body if not in spirit for GPG’s first and last NZ AGM More >>
Heartland to replace Pyne Gould in NZX 50
Wednesday, 8 June 2011, 5:47 pm | BusinessDesk
June 8 (BusinessDesk) - Heartland New Zealand Ltd., the finance company with ambitions to win a banking licence, will replace Pyne Gould Corp. in the NZX 50 Index as at June 20, the NZX said. More >>
ACC, Westpac, Guardians seek ouster of Argosy manager
Wednesday, 8 June 2011, 5:29 pm | BusinessDesk
June 8 (BusinessDesk) - The Accident Compensation Corp., Westpac Banking Corp. and Guardians of New Zealand Superannuation have teamed up to try to dump the manager of Argosy Property Trust without paying a proposed $32.5 million exit fee. More >>
Contact Energy completes $351 mln capital raising
Wednesday, 8 June 2011, 3:10 pm | BusinessDesk
June 8 (BusinessDesk) - Contact Energy Ltd., the biggest utility on the NZX 50 Index, completed its $351 million capital raising as institutions snapped up a shortfall of shares in its 1-for-9 offer that closed this month. More >>
QV: First home buyers showing interest again
Wednesday, 8 June 2011, 2:22 pm | BusinessDesk
June 8 (BusinessDesk) - New Zealand house prices remained essentially flat in the month of May, with government valuer Quotable Value Ltd. reporting signs of first home buyer interest picking up as interest rates remain low and banks relax lending ... More >>
Auckland broker shuts up shop during ownership switch
Wednesday, 8 June 2011, 12:13 pm | BusinessDesk
Auckland broker shuts up shop during ownership switch June 8 (BusinessDesk) – Auckland-based Global Brokers NZ Ltd. has shut up shop while it waits for a new owner to come on board. More >>
Weak domestic economy shows in building stats
Wednesday, 8 June 2011, 11:49 am | BusinessDesk
June 8 (BusinessDesk) - New Zealand building activity fell sharply in the first three months of this year, with the weakness extending beyond impact of the Christchurch earthquake as stagnant economic growth weighed on the construction sector. More >>
Deepwater Horizon partner seeks to drill in NZ by Christmas
Wednesday, 8 June 2011, 10:34 am | BusinessDesk
June 7 (BusinessDesk) - Deep-sea drilling for oil and gas off the Canterbury coast is a prospect by Christmas, as Anadarko Petroleum Corp., a 25% shareholder in the permit drilled by the Deepwater Horizon rig in the Gulf of Mexico, prepares to make ... More >>
Stocks to watch: BTU, GPG, KMD, NZS, SKC, TWR
Wednesday, 8 June 2011, 9:44 am | BusinessDesk
June 8 (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 >>
