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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 1586]
Fletcher extends Crane offer to March 31
Monday, 21 March 2011, 2:36 pm | BusinessDesk
March 21 (BusinessDesk) - Fletcher Building Ltd., New Zealand’s biggest listed company, has extended its takeover offer for pipemaker Crane Group, saying it expects to pick up shares from some institutional investors, bringing its total holding to ... More >>
NZ dollar outlook: Kiwi may fall ahead of 4Q GDP
Monday, 21 March 2011, 2:13 pm | BusinessDesk
March 21 (BusinessDesk) - The New Zealand dollar may fall this week, with the unfolding nuclear crisis in Japan and ongoing unrest in the Middle East putting pressure on the kiwi ahead of the release this week of economic growth figures for the fourth ... More >>
NZ economic outlook grim until 2013: NZIER consensus
Monday, 21 March 2011, 12:00 pm | BusinessDesk
March 21 (BusinessDesk) – The outlook for New Zealand’s economy will be grim until 2013 after Canterbury’s twin earthquakes devastated the region and undermined an already struggling national recovery. More >>
WEEKLY SPORTS DIGEST: Pakistan hits Australia for six
Monday, 21 March 2011, 11:53 am | BusinessDesk
21/03/11 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 >>
F&P Appliances signs agreement to supply parts to Haier
Monday, 21 March 2011, 9:45 am | BusinessDesk
March 21 (BusinessDesk) – Fisher & Paykel Appliances Holdings, the struggling whiteware manufacturer, has signed an agreement to supply parts to cornerstone shareholder Haier of China. More >>
Stocks to watch: AIR, APN, BTU, FBU, FPA, MVN, TEL
Monday, 21 March 2011, 9:37 am | BusinessDesk
March 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 >>
NZ dollar falls against yen amid G-7 selling, Libya strikes
Monday, 21 March 2011, 8:28 am | BusinessDesk
NZ dollar falls against yen, steady vs greenback on G-7 yen intervention, Libya strikes More >>
World Week Ahead: Spring’s uncertain promise
Monday, 21 March 2011, 8:18 am | BusinessDesk
March 21 (BusinessDesk) - As spring begins in the northern hemisphere, something is amiss. Or is it? More >>
NZ may have skirted recession in 2010, quake dents outlook
Monday, 21 March 2011, 8:03 am | BusinessDesk
March 21 (BusinessDesk) – New Zealand may have skirted recession in 2010, with economists predicting positive growth in the final three months, though last month’s earthquake in Christchurch could see GDP turn negative again in early 2011. More >>
MARKET CLOSE: NZ stocks rise, led by Kathmandu
Friday, 18 March 2011, 5:59 pm | BusinessDesk
MARKET CLOSE: NZ stocks rise as G-7 commits to intervene on yen; Kathmandu gains, APN falls More >>
Securities Commission moves against misleading Whimp offers
Friday, 18 March 2011, 5:24 pm | BusinessDesk
March 18 (BusinessDesk) – The Securities Commission is moving against Christchurch businessman Bernard Whimp latest low-ball offers, saying they are misleading. More >>
S&P keeps Telecom NZ 'A' debt rating on CreditWatch negative
Friday, 18 March 2011, 5:09 pm | BusinessDesk
March 18 (BusinessDesk) – Telecom Corp.’s A credit rating was kept on CreditWatch negative by Standard & Poor’s, which said its earnings were still under threat from regulatory intervention in its markets. More >>
Geneva Finance rating cut deeper into junk on debt swap plan
Friday, 18 March 2011, 4:02 pm | BusinessDesk
March 16 (BusinessDesk) – Geneva Finance Ltd. had its credit rating cut deeper into junk by Standard & Poor’s, which has a dim view of the latest debt-for-equity swap to keep the troubled lender afloat. More >>
Qantas agrees to $6.5M fine in cartel case, Air NZ fights on
Friday, 18 March 2011, 1:36 pm | BusinessDesk
March 18 (BusinessDesk) – Qantas Airways Ltd., Australia’s national carrier, has agreed to pay a $6.5 million fine for its role in fixing air cargo prices, leaving Air New Zealand Ltd. among a dwindling group of airlines still fighting the Commerce ... More >>
Signs not positive for govt marketing drive to Australians
Friday, 18 March 2011, 12:28 pm | BusinessDesk
March 17 (BusinessDesk) – Early signs aren’t positive for the government-funded marketing drive to attract Australians across the Tasman and into New Zealand’s regional destinations, according to a government study. More >>
Methven cuts earnings guidance, predicts drop in profit
Friday, 18 March 2011, 11:59 am | BusinessDesk
March 18 (BusinessDesk) - Methven Ltd., the tapware manufacturer that joins the NZX 50 Index next week, has cut its full-year earnings forecast and says debt will rise as weak trading in Australia and New Zealand is compounded by the Christchurch earthquake. More >>
Stocks to watch: FBU, KMD, NZO, OMG, TLS, WHS
Friday, 18 March 2011, 9:49 am | BusinessDesk
March 18 (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 to six-month low on Japan, Middle East fears
Friday, 18 March 2011, 8:50 am | BusinessDesk
March 18 (BusinessDesk) - The New Zealand dollar fell to a six-month low against the greenback as the nuclear crisis in the Japan and continued political unrest in the Middle East saw investors shun so-called risk sensitive currencies. More >>
UFB legislation a ‘farce’, says TelstraClear
Thursday, 17 March 2011, 10:29 pm | BusinessDesk
March 17 (BusinessDesk) – TelstraClear Ltd., the local unit of Australia’s Telstra Corp., said legislation governing the rules of New Zealand's $1.35 billion fund to build an ultra-fast broadband network is a “farce” because it amounts to a subsidy ... More >>
MARKET CLOSE: NZ stocks rise as recent slide lifts value
Thursday, 17 March 2011, 5:47 pm | BusinessDesk
MARKET CLOSE: NZ stocks rise as recent slide lifts value, Kathmandu leads gains, Tower falls More >>
