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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 1607]
NZ Dollar Outlook: Kiwi may fall on economic wobbles
Monday, 7 February 2011, 1:34 pm | BusinessDesk
Feb. 7 (BusinessDesk) – The New Zealand dollar may fall this week as weak employment data last week puts the knockers on to the local economy, while the U.S. recovery looks more stable after optimistic jobs data on Friday. More >>
WEEKLY SPORTS DIGEST: The sevens crown, Phoenix victory
Monday, 7 February 2011, 12:37 pm | BusinessDesk
07/02/11 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 >>
Wrightson supports Agria offer, posts first-half loss
Monday, 7 February 2011, 12:00 pm | BusinessDesk
Feb. 7 (BusinessDesk) – Agria Corp.’s partial takeover offer for PGG Wrightson falls within the range assessed by an outside valuer and has won backing from the target’s independent directors in the absence of a better offer. More >>
Comvita to appeal UK patent ruling, faces £400,000 costs
Monday, 7 February 2011, 11:16 am | BusinessDesk
Feb. 7 (BusinessDesk) - Comvita Ltd., the medical honey products developer, said it will appeal a decision by a U.K. patents court which ruled against the company in an infringement case and awarded the defendant £400,000 (NZ$835,000) in costs. More >>
Jury out on Telecom-Vodafone RBI, Fed Farmers says
Monday, 7 February 2011, 10:18 am | BusinessDesk
Feb. 7 (BusinessDesk) – National farmers’ lobby, Federated Farmers, is sceptical but suspending judgment on the government’s decision to negotiate only with a joint venture between Telecom Corp. and Vodafone New Zealand Ltd. to deliver fast internet ... More >>
Stocks to watch: CAV, FBU, NZO, PGW, SKT, TEL, WDT
Monday, 7 February 2011, 9:44 am | BusinessDesk
Feb. 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 >>
NZ dollar falls to 2-week low after US jobs data
Monday, 7 February 2011, 9:20 am | BusinessDesk
Feb. 7 (BusinessDesk) – The New Zealand dollar fell to a two-week low against the greenback after figures showed lower-than-expected U.S. unemployment, pushing U.S. Treasury yields to a nine-month high. More >>
World Week Ahead: Shifting to a higher gear
Monday, 7 February 2011, 9:11 am | BusinessDesk
World Week Ahead: Shifting to a higher gear By Timothy Moore Feb. 7 (BusinessDesk) – There’s Egypt and what it means for the Middle East, and the rest of the world. And then there’s the non-committal U.S. jobs market. Yet investors, rationally ... More >>
MARKET CLOSE: NZ stocks rise; Wrightson leads gainers
Friday, 4 February 2011, 5:52 pm | BusinessDesk
Feb. 4 (BusinessDesk) - New Zealand stocks rose, with PGG Wrightson Ltd. leading gainers after a second as yet unnamed party said it was interested in buying the rural services company. APN News & Media fell. More >>
Fletcher’s Crane bid at low end of independent expert range
Friday, 4 February 2011, 3:02 pm | BusinessDesk
Fletcher’s Crane bid at bid at low end of independent expert’s value range More >>
Tourism Holdings stock tumbles as NZ firms eye storm damage
Friday, 4 February 2011, 1:33 pm | BusinessDesk
Feb. 4 (BusinessDesk) - Shares in Tourism Holdings Ltd. shed almost a quarter of their value after the campervan rental company said flooding and storms in Queensland had dented forward bookings during its peak earnings season. More >>
Landmark stays mum on rumoured Wrightson bid
Friday, 4 February 2011, 12:31 pm | BusinessDesk
Feb. 4 (BusinessDesk) – Landmark, the Australian rural services firm owned by Canadian fertilizer producer Agrium Inc. is staying mum on whether it is the party that’s make a takeover approach to PGG Wrightson. More >>
Aussies and Chinese give NZ tourism a bumper December
Friday, 4 February 2011, 11:54 am | BusinessDesk
Feb. 4 (BusinessDesk) – Tourist numbers hit a record high in December, buoyed by an ongoing influx of Australian and Chinese visitors. More >>
Strategic Finance receiver questions transactions
Friday, 4 February 2011, 10:51 am | BusinessDesk
Feb. 4 (BusinessDesk) – The receiver of Strategic Finance Ltd. found a handful of questionable transactions when the failed lender suspended payments to investors, and has passed on its findings for lawyers to mull. More >>
Stocks to watch: BGR, MHI, NZX, PGW, PPL, THL
Friday, 4 February 2011, 9:46 am | BusinessDesk
Feb. 4 (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 lifts after jobs-related drop, before US payrolls
Friday, 4 February 2011, 9:36 am | BusinessDesk
Feb. 4 (BusinessDesk) – The New Zealand dollar pared some of yesterday’s decline in the wake of the unexpected rise in unemployment, ahead of U.S. data that may show more jobs growth in America. More >>
Michael Hill lowers FY guidance by 9.8% on Australian storms
Friday, 4 February 2011, 9:28 am | BusinessDesk
Feb. 4 (BusinessDesk) – Michael Hill International Ltd., the jewellery chain facing a partial takeover bid by the founding Hill family, expects earnings to fall by 9.8% this year as natural disasters in Australia weigh on consumer demand. More >>
Tourism Holdings to miss FY profit target, breach covenants
Friday, 4 February 2011, 9:17 am | BusinessDesk
Feb. 4 (BusinessDesk) - Tourism Holdings Ltd., the camper van rental company, said it won’t meet full-year profit guidance because forward bookings have been hit by the spate of floods and storms in Australia and softening tourism demand in New ... More >>
Wrightson gets new takeover approach
Friday, 4 February 2011, 8:39 am | BusinessDesk
Feb. 4 (BusinessDesk ) - PGG Wrightson Ltd., which is under partial takeover offer from Agria Corp. and New Hope Group of China, has been approached by another group interested in acquiring New Zealand's largest rural services company. More >>
MARKET CLOSE: NZ stocks fall as jobless rise; FRE drops
Thursday, 3 February 2011, 6:00 pm | BusinessDesk
Feb. 3 (BusinessDesk) - New Zealand stocks fell after an unexpected rise in fourth-quarter unemployment underlined the tepid state of the economy. Freightways Ltd. led decliners and PGG Wrightson Ltd. rose. More >>
