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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 1592]
Hellaby encourages small shareholder consolidation
Monday, 7 March 2011, 3:45 pm | BusinessDesk
March 7 (BusinessDesk) – Hellaby Holdings, the diversified investment company, will help aggregate small shareholder parcels that make up 4.1% of its ownership. More >>
NZ Dollar Outlook: Kiwi may fall as OCR review looms
Monday, 7 March 2011, 1:31 pm | BusinessDesk
March 7 (BusinessDesk) - The New Zealand dollar may extend its losses this week, with the market betting the Reserve Bank will cut interest rates in a bid to stimulate the economy after the devastating Christchurch earthquake dented the outlook for ... More >>
WEEKLY SPORTS DIGEST: Highlanders on a high
Monday, 7 March 2011, 1:19 pm | BusinessDesk
07/03/11 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 >>
Auckland Airport international passengers rise 4.8% in Jan.
Monday, 7 March 2011, 12:32 pm | BusinessDesk
March 7 (BusinessDesk) – Auckland International Airport Ltd., the country’s major gateway, lifted the number of international passengers by 4.8% in January, making up for a decline in domestic travellers that month. More >>
NZ building consents hit nine-year low led by home building
Monday, 7 March 2011, 11:33 am | BusinessDesk
March 7 (BusinessDesk) – New Zealand building consents sank to a nine-year low in January as construction of new homes slumps. More >>
Air NZ among carriers rapped by ACCC for online fare adverts
Monday, 7 March 2011, 10:27 am | BusinessDesk
March 7 (BusinessDesk) – Air New Zealand Ltd., the national carrier, has been named as one of eight airlines that didn’t advertise their airfares appropriately online. More >>
Stocks to watch: CEN, FBU, MFT, NZX, OGC, TEL
Monday, 7 March 2011, 9:47 am | BusinessDesk
March 7 (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 >>
Mainfreight breaks into Europe with debt-funded acquisition
Monday, 7 March 2011, 9:36 am | BusinessDesk
by Paul McBeth March 7 (BusinessDesk) – Mainfreight Ltd. is hitting up its bankers for as much as 120 million euros to buy Netherlands-based Wim Bosman Group. More >>
NZ dollar falls before OCR review amid Middle East tensions
Monday, 7 March 2011, 8:31 am | BusinessDesk
March 7 (BusinessDesk) - The New Zealand dollar fell as increased fighting in Libya sapped investors’ risk appetite ahead of the Reserve Bank’s review of monetary policy, which is expected to result in a cut to the official cash rate. More >>
World Week Ahead: Unrest fuels a rethink
Monday, 7 March 2011, 8:07 am | BusinessDesk
(BusinessDesk) February 7 - The initial euphoria, or panic depending where one stands, about the political unrest sweeping North Africa and the Middle East has subsided. That’s not good news. More >>
NZ Treasury costs quakes at $15-to-$20 billion dollars
Sunday, 6 March 2011, 7:03 pm | BusinessDesk
March 6 (BusinessDesk) – The first official Treasury estimate of the total cost of both Canterbury earthquakes is $15 billion, figure the government’s economic agency says is “best described as a working assumption, rounded to the nearest ... More >>
MARKET CLOSE: NZ stocks rise; Fletcher gains, RAK falls
Friday, 4 March 2011, 6:07 pm | BusinessDesk
March 1 (BusinessDesk) - New Zealand stocks rose, pushing the benchmark index to its highest level since June 2008, led by Fletcher Building Ltd. as its inclusion in key ASX indexes stoked Australia demand even after the company cut its earnings ... More >>
Moves to smooth trans-Tasman legal spats
Friday, 4 March 2011, 5:00 pm | BusinessDesk
March 4 (BusinessDesk) –Suing your trans-Tasman business partner will be significantly easier under arrangements being pursued by New Zealand Justice Minister Simon Power and the Australian federal Attorney-General, Robert McClelland. More >>
Fletcher Building extends Crane offer by a fortnight
Friday, 4 March 2011, 4:03 pm | BusinessDesk
March 4 (BusinessDesk) – Fletcher Building Ltd., which cut its full-year profit guidance because of Christchurch’s deadly earthquake, has extended its bid for Australian pipe manufacturer Crane Group. More >>
SFO reviewing Aorangi transactions after Hubbard submission
Friday, 4 March 2011, 3:24 pm | BusinessDesk
March 4 (BusinessDesk) – The Serious Fraud Office is going back through some of the Aorangi Securities Ltd. transactions and won’t have a clear view on whether to proceed with a prosecution for another three or four weeks. More >>
NZX CFO departs after less than a year
Friday, 4 March 2011, 2:07 pm | BusinessDesk
March 4 (BusinessDesk) – NZX Ltd.’s chief financial officer Justin Bgoni has left after less than a year with the stock exchange operator. More >>
RBNZ may cut OCR to 2.5% as quake dents GDP, 2012 rebound
Friday, 4 March 2011, 1:15 pm | BusinessDesk
RBNZ may cut OCR to 2.5% as quake dents GDP, 2012 rebound seen stronger More >>
Disaster back-up planning top of mind for ChCh publisher
Friday, 4 March 2011, 12:37 pm | BusinessDesk
March 4 (BusinessDesk) – Finding more secure and accessible locations for vital equipment and company records will be high on the agenda for the Christchurch publisher one of the country’s oldest political newsletters, after continuing to publish ... More >>
Guilty plea gives Securities Commission a Hotchin scalp
Friday, 4 March 2011, 12:15 pm | BusinessDesk
March 4 (BusinessDesk) – John Hotchin, a former director at failed lender Nathans Finance Ltd., dodged a custodial sentence after he pleaded guilty to three charges of breaching securities law and agreed to testify against his former colleagues. More >>
Fletcher will miss full-year guidance after quake
Friday, 4 March 2011, 10:54 am | BusinessDesk
March 4 (BusinessDesk) - Fletcher Building Ltd., New Zealand's biggest construction company, will miss its guidance for full-year profit as a result of the Christchurch earthquake, which will disrupt existing repair work as the city assesses the damage. More >>
