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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 1580]
NZX equity activity surges in March, debt figures weaken
Tuesday, 5 April 2011, 10:15 am | BusinessDesk
April 5 (BusinessDesk) - Trading on the NZX Ltd.'s equity markets surged in March as the steady pace of the global economic recovery overshadowed the Japanese crisis. Trading on its debt market continued to decline. More >>
NZ business confidence drops on Christchurch quake: NZIER
Tuesday, 5 April 2011, 10:09 am | BusinessDesk
April 5 (BusinessDesk) – New Zealand businesses are more pessimistic about the future after the 6.3 magnitude Christchurch earthquake sapped an already stalling economic recovery, according to the New Zealand Institute of Economic Research. More >>
Charlie’s gains access to Woolworths stores, adding to Coles
Tuesday, 5 April 2011, 9:53 am | BusinessDesk
April 5 (BusinessDesk) - Charlie’s Group, which posted a 56% jump in first-half profit after winning distribution through Coles supermarkets in Australia, has now done a deal to sell its juices and soft-drinks through larger rival Woolworths Ltd. More >>
Stocks to watch: NZO, NZX, POT, SKL, SKC, STU
Tuesday, 5 April 2011, 9:30 am | BusinessDesk
April 5 (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 business confidence data
Tuesday, 5 April 2011, 8:28 am | BusinessDesk
April 5 (BusinessDesk) - The New Zealand dollar fell after stronger local commodity prices were unable to sustain upward momentum ahead of today's first-quarter business confidence data. More >>
Western Pacific Insurance appoints liquidators
Monday, 4 April 2011, 10:17 pm | BusinessDesk
April 4 (BusinessDesk) - Western Pacific Insurance Ltd., a Queenstown-based insurance company exposed to claims from the Christchurch earthquakes, has appointed liquidators amid concern the firm may be insolvent. More >>
MARKET CLOSE: NZ stocks rise, led by NZ Oil & Gas; RAK falls
Monday, 4 April 2011, 5:42 pm | BusinessDesk
April 4 (BusinessDesk) - New Zealand stocks rose to their highest level since mid-2008, extending their rally for a 14th day, with New Zealand Oil & Gas Ltd. leading gainers after a spike in global oil prices, while Rakon Ltd. fell More >>
NZ's output per person keeps falling, Treasury says
Monday, 4 April 2011, 4:58 pm | BusinessDesk
April 4 (BusinessDesk) – Economic output per New Zealander has fallen for 15 out of the last 21 quarters, mirroring but not as deep as the long recession of the late 1980’s and early 1990’s, the Treasury says in its latest monthly economic indicators ... More >>
NZ commodity prices extend gains to new record: ANZ
Monday, 4 April 2011, 3:46 pm | BusinessDesk
April 4 (BusinessDesk) – Prices for New Zealand-produced commodities extended gains for a second month to reach a record high in both kiwi dollar and overseas currency terms, according to the ANZ Commodity Price Index. More >>
NZ dollar outlook: Kiwi may rise with global risk appetite
Monday, 4 April 2011, 2:26 pm | BusinessDesk
April 4 (BusinessDesk) - The New Zealand dollar may rise this week on the back of a recovery in global risk appetite and rising prices of commodities, helping make up for what is expected to be a plunge in local business confidence in the first ... More >>
AMP Capital in talks with takeover watchdog after Axa merger
Monday, 4 April 2011, 12:43 pm | BusinessDesk
April 4 (BusinessDesk) - AMP Capital Investors is in talks with the Takeovers Panel after the merger of parent with Axa Asia Pacific Holdings left it with a bonanza of stock holdings including a ‘takeover-inducing’ 20.3% of Skellerup Holdings. More >>
Deposit Guarantee cost lifted to $1.2B on SCF-related loans
Monday, 4 April 2011, 11:39 am | BusinessDesk
April 4 (BusinessDesk) – The net impact on the government of the Retail Deposit Guarantee Scheme has been raised to $1.2 billion from an earlier estimate of about $900 million, mainly due to lower-than-expected recoveries from related party loans ... More >>
WEEKLY SPORTS DIGEST: Sevens take crown, Djokovic supreme
Monday, 4 April 2011, 10:06 am | BusinessDesk
04/04/11 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 >>
Stocks to watch: ALF, MFT, MVN, NZS, PGW, SKC
Monday, 4 April 2011, 9:38 am | BusinessDesk
April 1 (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 >>
World Week Ahead: Actions vs Words
Monday, 4 April 2011, 8:31 am | BusinessDesk
April 4 (BusinessDesk) - It’s a hard call to make as the week begins: are actions louder than words, or vice versa? More >>
NZ dollar rises after US payrolls data lifts growth optimism
Monday, 4 April 2011, 8:26 am | BusinessDesk
April 4 (BusinessDesk) - The New Zealand dollar rose to its highest level against the greenback since Feb. 9 after better-than-expected payrolls data in the U.S. saw increased demand for growth-linked currencies. More >>
MARKET CLOSE: NZ stocks rise for 13th day, FPA leads
Friday, 1 April 2011, 5:46 pm | BusinessDesk
MARKET CLOSE: NZ stocks rise for 13th session; F&P Appliances leads gainers, Rakon falls More >>
Gapes to appeal Allied Farmers judgement, angering Alloway
Friday, 1 April 2011, 3:56 pm | BusinessDesk
April 1 (BusinessDesk) – Allied Farmers Ltd. says property developer Tony Gapes is to appeal a summary judgement over a $764,000 defaulted loan on a property in Newmarket, Auckland. More >>
ASB calls a bottom to housing market
Friday, 1 April 2011, 1:51 pm | BusinessDesk
April 1 (BusinessDesk) - New Zealand property prices may have bottomed out in March, and could recover some ground this year, said Chris Tennent-Brown, economist at ASB Institutional More >>
No one asked us for a hedge contract, says Contact Energy
Friday, 1 April 2011, 11:14 am | BusinessDesk
April 1 (BusinessDesk) – Contact Energy Ltd. says it would have offered hedge contracts to cover last Saturday’s massive wholesale electricity spot market price spike, but it got no approaches from generators now complaining at a massive surge in prices ... More >>
