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 1583]
Ecoya flags smaller full-year loss, predicts profit in 2012
Tuesday, 29 March 2011, 9:31 am | BusinessDesk
March 29 (BusinessDesk) – Ecoya Ltd., the scented candle-maker controlled by Geoff Ross’s Business Bakery, expects a smaller loss this year after sales beat forecasts by almost three-quarters and is picking a profit in the 2012 financial year. More >>
NZ dollar gains on weaker Texas manufacturing report
Tuesday, 29 March 2011, 8:32 am | BusinessDesk
March 29 (BusinessDesk) - The New Zealand dollar rose against the greenback after a weaker-than-expected Texas manufacturing outlook survey sapped upward momentum from strong U.S. consumer data and took the wind out of recent gains in America’s ... More >>
MARKET CLOSE: New Zealand stocks rise; Fletcher gains
Monday, 28 March 2011, 5:59 pm | BusinessDesk
March 28 (BusinessDesk) - New Zealand stocks rose, with Fletcher Building Ltd. reaching a three-year high as the biggest company on the exchange closes in on takeover target Crane Group. Pyne Gould Corp. fell. More >>
Chch business assistance to wind down into winter
Monday, 28 March 2011, 5:32 pm | BusinessDesk
March 28 (BusinessDesk) – The government is extending the assistance package for employers and workers affected by the Feb. 22 Christchurch earthquake for another two weeks, but the schemes will go into a six-week wind-down from April 18. More >>
Politicians, officials duck for cover over quake czar job
Monday, 28 March 2011, 5:16 pm | BusinessDesk
by Pattrick Smellie Mystery surrounds the process for appointing for the head of the new central government agency to oversee the Christchurch earthquake recovery. More >>
SmartPay plans to raise $6 mln selling preference shares
Monday, 28 March 2011, 4:40 pm | BusinessDesk
March 28 (BusinessDesk) – SmartPay Ltd. plans to raise up to $6million by selling redeemable preference shares to refinance existing debt that costs as much as 18% in annual interest More >>
NZ dollar outlook: Kiwi may fall as U.S. economy stirs
Monday, 28 March 2011, 2:13 pm | BusinessDesk
March 28 (BusinessDesk) - The New Zealand dollar may fall this week, after Federal Reserve board members hinted that the U.S. economy is recovering enough to end extraordinary support measures, with figures this week expected to show America is stacking on ... More >>
Record angel investment hides lack of venture capital funds
Monday, 28 March 2011, 11:33 am | BusinessDesk
March 28 (BusinessDesk) - A record $54 million of investments by New Zealand angel investors in 103 deals last year disguises a lack of follow-on capital investment options, says the Angel Association. More >>
Tenon says earnings growth may stall in second half
Monday, 28 March 2011, 10:37 am | BusinessDesk
March 28 (BusinessDesk) – Tenon Ltd., whose wood mouldings are sold through U.S. home improvement chains Lowe’s Cos. and Home Depot Inc., said earnings growth may stall in the second half after America’s severe winter storms sapped demand. More >>
WEEKLY SPORTS DIGEST: Black Caps make the cricket semis
Monday, 28 March 2011, 10:09 am | BusinessDesk
28/03/11 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: AIR, ALF, BSH, GFF, OGC, PPG, SCT
Monday, 28 March 2011, 9:47 am | BusinessDesk
March 28 (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 rises on global equity rally, reinsurance flows
Monday, 28 March 2011, 8:29 am | BusinessDesk
March 28 (BusinessDesk) - The New Zealand dollar rose against the greenback, lifted by a post-Japan crisis rally on global equity markets and reinsurance flows into New Zealand after the Christchurch earthquake on Feb. 22. More >>
World Week Ahead: Negatives as positives
Monday, 28 March 2011, 8:22 am | BusinessDesk
March 28 (BusinessDesk) - While Japanese workers struggle to regain control of the crippled Fukushima Dai-ichi nuclear plant and rebels regroup in Libya with the help of NATO air strikes, the U.S. economy has pushed itself back on the radar in a big ... More >>
MARKET CLOSE: New Zealand stocks follow Aussie higher
Friday, 25 March 2011, 5:46 pm | BusinessDesk
March 25 (BusinessDesk) - New Zealand stocks rose for an eighth day, with the market taking its leading from Australia where investors are returning cautiously, amid signs the recent volatility is subsiding. Goodman Fielder Ltd. led gains, while APN ... More >>
Allied Farmers flags another write-down on Hanover book
Friday, 25 March 2011, 5:16 pm | BusinessDesk
March 25 (BusinessDesk) – Allied Farmers Ltd., which needs to raise new capital to keep itself afloat, is facing another write-down to the value of the Hanover Finance loan-book. More >>
Scott Technology lifts 1H profit 61%, flags expansion
Friday, 25 March 2011, 3:03 pm | BusinessDesk
March 25 (BusinessDesk) – Scott Technology Ltd., which secured government funding for meat and food industry process development, lifted first-half profit 61%, while saying it is looking at ways to expand. More >>
Postie Plus narrows 1H loss as sales rise; shares gain
Friday, 25 March 2011, 2:21 pm | BusinessDesk
March 25 (BusinessDesk) – Postie Plus Group, the clothing retailer whose chief financial officer departed last month, narrowed its first-half loss after increasing sales. The shares gained 3.7%. More >>
NZ to monitor Japanese food imports after nuclear crisis
Friday, 25 March 2011, 12:49 pm | BusinessDesk
March 25 (BusinessDesk) – New Zealand’s Ministry of Agriculture and Forestry says it is closely monitoring the safety of food imports from Japan but will not at this stage put restrictions in place following the nuclear crisis in Fukushima. More >>
Bollard mulls options to damp excessive credit growth
Friday, 25 March 2011, 12:18 pm | BusinessDesk
March 25 (BusinessDesk) – Reserve Bank Governor Alan Bollard has flagged a handful of tools he may use to help damp future asset and credit bubbles and maintain the stability of New Zealand’s financial system. More >>
Stocks to watch: DNZ, FBU, HLG, MFT, NZX, STH
Friday, 25 March 2011, 9:44 am | BusinessDesk
March 25 (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 >>
