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 1570]
Parussini to be ANZ National's head of corporate affairs
Monday, 2 May 2011, 4:43 pm | BusinessDesk
May 2 (BusinessDesk) - Peter Parussini, head of corporate affairs at Television New Zealand, has been tapped for the same role at ANZ National Bank, the nation’s biggest lender. More >>
NZ Dollar Outlook: Kiwi may rise on commodities, weak dollar
Monday, 2 May 2011, 2:49 pm | BusinessDesk
May 2 (BusinessDesk) - The New Zealand dollar may extend gains from a three-year high this week, on the back of continued U.S. dollar weakness following the Federal Reserve's dovish outlook on the U.S. economy last week, and strong demand for commodities. More >>
NZ commodity prices extend gains as apple season kicks off
Monday, 2 May 2011, 1:30 pm | BusinessDesk
May 2 (BusinessDesk) – Prices for locally-produced raw materials extended their gains to another record last month as New Zealand apples made their way overseas, according to the ANZ Commodity Price Index. More >>
Solid Energy 3rd-qtr coal sales rise 18%
Monday, 2 May 2011, 1:19 pm | BusinessDesk
May 2 (BusinessDesk) – State-owned coal miner Solid Energy Ltd. reports it had a strong third quarter, with coal sales for the year to date up 18% on the previous year at this point. More >>
Bathurst, in trading halt, says no interest in Pike River
Monday, 2 May 2011, 11:42 am | BusinessDesk
May 2 (BusinessDesk) – Buller coal project sponsor Bathurst Resources Ltd. is in trading halt on the New Zealand and Australian exchanges, pending what managing director Hamish Bohannan says will be a “positive” announcement as early as tomorrow morning. More >>
Orion Minerals ends plan to invest in China's Taiford
Monday, 2 May 2011, 11:31 am | BusinessDesk
May 2 (BusinessDesk) – Orion Minerals Group has back away from another potential business, with the decision not to invest in a Chinese company with interests in home fittings and interior design. More >>
Stocks to watch: DIL, FRE, KRK, NZO, TEL, WHS
Monday, 2 May 2011, 9:33 am | BusinessDesk
May 2 (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 >>
WEEKLY SPORTS DIGEST: Pedrosa shrugs off pain in MotoGP
Monday, 2 May 2011, 8:37 am | BusinessDesk
02/05/11 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 >>
NZ dollar rises to new 3-year high as greenback slides
Monday, 2 May 2011, 8:30 am | BusinessDesk
May 2 (BusinessDesk) - The New Zealand dollar rose to a fresh three year high after the U.S. Federal Reserve's decision to keep rates on hold and the US$600 billion bond purchase programme in place saw investors continue to bet against the U.S. currency. More >>
World Week Ahead: Cashing in and out
Monday, 2 May 2011, 8:16 am | BusinessDesk
May 2 (BusinessDesk) – It has been a tough start to the year for the greenback and it isn't going to get any better anytime soon. More >>
MARKET CLOSE: NZ stocks rise; Pyne Gould leads gainers
Friday, 29 April 2011, 5:48 pm | BusinessDesk
April 29 (BusinessDesk) - New Zealand stocks rose to fresh near-three year high, sidestepping declines on Asia Pacific markets with Pyne Gould Corp. leading gainers on the exchange. Westpac Banking Corp fell. More >>
Quake strengthening almost halves Kirkcaldie's 1H profit
Friday, 29 April 2011, 3:27 pm | BusinessDesk
April 29 (BusinessDesk) – Wellington department store Kirkcaldie & Stains Ltd. said first-half profit almost halved, reflecting the disruption caused the earthquake strengthening of its Harbour City Centre building. More >>
Rising costs take edge off peak prices for OceanaGold
Friday, 29 April 2011, 12:47 pm | BusinessDesk
April 29 (BusinessDesk) – Rising mining and processing costs took the edge off first-quarter earnings for OceanaGold Corp., with after tax profit of US$14.8 million recorded in the three months to March 31, down from US$20.7 million in the previous ... More >>
NZ shipments of dairy products drive record exports in March
Friday, 29 April 2011, 11:12 am | BusinessDesk
April 29 (BusinessDesk) – New Zealand recorded record exports by value in March, driven by shipments of dairy products to China and contributing to a larger-than-expected monthly trade surplus. More >>
No surprises here: it’s the Heartland “bank
Friday, 29 April 2011, 10:23 am | BusinessDesk
April 29 (BusinessDesk) – The owners of the would-be bank formed from MARAC and two building societies have surprised no one by deciding to call the new financial services group “Heartland”. More >>
Insured Group teams up with rewards company Priority One
Friday, 29 April 2011, 10:20 am | BusinessDesk
April 29 (BusinessDesk) - Insured Group Ltd., the insurer which listed on the NZX using the shell of the failed Lombard Group, formed a venture with Priority One Rewards Ltd. to sell insurance products to the reward scheme company's members. More >>
Compressor failure hits Kupe production and NZOG revenues
Friday, 29 April 2011, 10:07 am | BusinessDesk
by Pattrick Smellie April 29 (BusinessDesk) – Reduced output from the Kupe oil and gas will cost New Zealand Oil & Gas Ltd. between $5 million and $6 million in the current financial year, the company says in its latest quarterly report, for ... More >>
Stocks to watch: CCC, DIL, GFF, INS, OGC, SAM
Friday, 29 April 2011, 9:31 am | BusinessDesk
April 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 falls after RBNZ paints picture of slow recovery
Friday, 29 April 2011, 8:42 am | BusinessDesk
April 29 (BusinessDesk) - The New Zealand dollar fell against most major currencies as the Reserve Bank’s assessment yesterday of an economy that is still fragile continued to weigh on the kiwi. More >>
MARKET CLOSE: NZ stocks rise; Goodman Fielder off the pace
Thursday, 28 April 2011, 6:07 pm | BusinessDesk
April 28 (BusinessDesk) - New Zealand stocks rose to a near three year high, as investor appetite for higher yielding, riskier assets was spurred by the Reserve Bank's decision to leave interest rate on hold. Telecom Corp. led gainers, while Goodman Fielder ... More >>
