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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 1572]
MARKET CLOSE: New Zealand stocks fall; GPG paces decliners
Tuesday, 26 April 2011, 5:48 pm | BusinessDesk
April 26 (BusinessDesk) - New Zealand stocks fell, with Guinness Peat Group pacing decliners after the European Commission set a date to hear an appeal from its Coats unit against a 110.25 million euro fine for price fixing. Vital Healthcare Property ... More >>
NZ dollar outlook: Kiwi range-bound ahead of FOMC, RBNZ
Tuesday, 26 April 2011, 2:20 pm | BusinessDesk
April 26 (BusinessDesk) - The New Zealand dollar is likely to remain largely range bound this week ahead of the U.S. Federal Open Market Committee meeting, which traders will use as a read on where the U.S. dollar is like to go. More >>
Windflow revives remote Scottish wind project
Tuesday, 26 April 2011, 1:34 pm | BusinessDesk
April 26 (BusinessDesk) – Christchurch-based wind turbine manufacturer Windflow Technology Ltd. is taking a development stake in a wind farm development on the remote Scottish island of Harris, in its latest effort to accelerate a stalling U.K. sales ... More >>
Niche insurer reneges on policies, seeks Chch claim funds
Tuesday, 26 April 2011, 11:14 am | BusinessDesk
Niche insurer reneges on policies, seeks Chch claim funds April 26 (BusinessDesk) – Liquidators for Queenstown-based Western Pacific Insurance have cancelled the policies held by some 7,000 New Zealanders, leaving more than 150 claims relating ... More >>
Telcos try last ditch attempt to change UFB Bill
Tuesday, 26 April 2011, 10:28 am | BusinessDesk
April 26 (BusinessDesk) – Opponents of the proposed ‘regulatory holiday’ for ultra-fast broadband providers have put up a late option for involving the competition watchdog, the Commerce Commission, in UFB price monitoring. More >>
Stocks to watch: AIR, GPG, NZS, OGC, PGW, VCT
Tuesday, 26 April 2011, 9:36 am | BusinessDesk
April 26 (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 >>
Olam offers to mop up remaining shares in Farming Systems
Tuesday, 26 April 2011, 9:20 am | BusinessDesk
April 26 (BusinessDesk) – Olam International Ltd. has offered to mop up the minority holdings in NZ Farming Systems Uruguay for about $37.6 million, paying the same price that gave it control of the South American dairy farm developer last year. More >>
EU court sets date for hearing on GPG’s Coats appeal of fine
Tuesday, 26 April 2011, 9:02 am | BusinessDesk
April 26 (BusinessDesk) – The European Union has set a date of May 24 to hear the appeal of Guinness Peat Group’s Coats unit against a 110.25 million euro fine for price fixing in the haberdashery market. More >>
NZ dollar falls from 3-year high as stocks, commodities drop
Tuesday, 26 April 2011, 8:35 am | BusinessDesk
April 26 (BusinessDesk) - The New Zealand dollar slipped from its highest level since March 2008 as a dip in commodities and equities saw demand for growth-linked currencies fall. More >>
NZ's Bollard to keep OCR at 2.5% this week
Tuesday, 26 April 2011, 6:38 am | BusinessDesk
NZ's Bollard to keep OCR at 2.5% this week, bide time before resuming hikes More >>
WEEKLY SPORTS DIGEST: Taipans force NBL finals to 3rd match
Monday, 25 April 2011, 1:22 pm | BusinessDesk
25/04/11 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 >>
Air New Zealand's international passengers drop 8% in March
Thursday, 21 April 2011, 6:00 pm | BusinessDesk
by Peter Kerr April 21 (BusinessDesk) - Air New Zealand's March international passenger numbers fell 8% compared to March 2010 as Asia demand dropped due to the Christchurch and Japanese earthquakes. More >>
MARKET CLOSE: NZ stock rise; Pyne Gould leads gainers
Thursday, 21 April 2011, 5:41 pm | BusinessDesk
April 21 (BusinessDesk) - New Zealand stocks rose, closing the week out at their highest level since June 2008 as investor appetite for higher yielding or riskier assets rose on the back of a spate of profit upgrades on Wall Street. Pyne Gould ... More >>
NZ consumer confidence little changed at two-year low
Thursday, 21 April 2011, 1:44 pm | BusinessDesk
April 21(BusinessDesk) – New Zealand consumer confidence held unchanged at a two-year low this month as kiwis remain cautious about spending while picking modestly better times ahead. More >>
PharmaZen's pretax earnings jump 159%
Thursday, 21 April 2011, 1:24 pm | BusinessDesk
April 21 (BusinessDesk) - PharmaZen, which makes animal and human health products, says full-year pretax earnings surged 159% as its plant investment begins to pay off with improved efficiencies. More >>
AMP NZ Office's nine-month distributable profit falls 2%
Thursday, 21 April 2011, 11:43 am | BusinessDesk
April 21 (BusinessDesk) - AMP NZ Office made a $14.9 million distributable profit for the three months ended March, taking nine-month earnings on that basis to $46 million, down 2% from the same period last year. More >>
Vital says management contract buyout will cost $14 mln
Thursday, 21 April 2011, 10:07 am | BusinessDesk
April 21 (BusinessDesk) - Vital Healthcare Property Trust, one of two listed property trusts managed by a unit of ANZ Bank, says a proposal to internalise its management contract will cost $14 million, which will be funded through existing debt facilities. More >>
Stocks to watch: AIR, EBO, JTM, OGC, PGW, SAN, TEL
Thursday, 21 April 2011, 9:42 am | BusinessDesk
April 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 >>
Restructuring Telecom removes HR from senior management
Thursday, 21 April 2011, 9:33 am | BusinessDesk
Restructuring Telecom removes HR from senior management April 21 (BusinessDesk) – Telecom Corp. will undertake the next two years’ restructuring under its “Vision 2013” with no human resources representation at the company’s senior management ... More >>
NZ dollar gains as stocks rise, Australia dollar climbs
Thursday, 21 April 2011, 8:37 am | BusinessDesk
April 21 (BusinessDesk) - The New Zealand dollar rose against the greenback as global equity markets rallied on optimism, about corporate profits, with Australia's surging currency also helping to add to the kiwi's momentum. More >>
