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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 1608]
Natural Dairy still keen on kiwi farms
Thursday, 3 February 2011, 5:12 pm | BusinessDesk
by Paul McBeth Feb. 3 (BusinessDesk) – Hong Kong-listed investment company Natural Dairy (NZ) Holdings is still keen on buying dairy assets in New Zealand, though it’s still waiting on the first delivery of dairy products from one of May Wang’s UBNZ ... More >>
Wellington Drive gets its $8.4mln
Thursday, 3 February 2011, 3:41 pm | BusinessDesk
Feb. 3 (BusinessDesk) – Troubled energy efficient refrigeration and ventilation motor innovator Wellington Drive Technologies Ltd. has raised $8.4 million in fresh capital, with assistance from over-subscription by key shareholders. More >>
WSI lashes out at Cavalier approach to buy scouring assets
Thursday, 3 February 2011, 3:08 pm | BusinessDesk
Feb. 3 (BusinessDesk) – New Zealand Wool Services International Ltd., the wool exporter and scourer, has lashed out an approach from carpet-maker Cavalier Corp. to buy its souring assets. More >>
Auckland property prices inch up but market remains weak
Thursday, 3 February 2011, 12:29 pm | BusinessDesk
Feb. 3 (BusinessDesk) - The price of property in New Zealand's biggest city inched upwards in January, but turnover and new listing remained weak, according the latest numbers from real estate agency Barfoot & Thompson. More >>
NZ unemployment rate unexpectedly widens to 6.8%, NZ$ falls
Thursday, 3 February 2011, 11:11 am | BusinessDesk
Feb. 3 (BusinessDesk) - New Zealand’s jobless rate unexpectedly widened in the fourth quarter, sparking a sell-off in the kiwi dollar which dropped as much as half a cent on the release as the country’s economic recovery struggles to take hold. More >>
NZ jobless rate unexpectedly widens in 4Q, fewer in work
Thursday, 3 February 2011, 10:47 am | BusinessDesk
Feb. 3 (BusinessDesk) – New Zealand’s jobless rate unexpectedly widened in the fourth quarter and the participation rate hit a two-year low, adding to signs the economic recovery is struggling to gain traction after the nation narrowly avoided ... More >>
Briscoe reports flat annual sales
Thursday, 3 February 2011, 10:39 am | BusinessDesk
Feb. 3 (BusinessDesk) - Briscoe Group, the homeware and sporting goods retailer, reported marginal sales growth for the year, with stronger performance over the Christmas period helping the company to sidestep general malaise in the wider retail sector. More >>
Quiet start to the year for NZX
Thursday, 3 February 2011, 10:28 am | BusinessDesk
Feb. 3 (BusinessDesk) – Trading on NZX Ltd.’s markets was muted last month as the value and volume of trades fell from the January 2010, though total market capitalisation increased. More >>
Stocks to watch: AIA, FBU, HLG, NZO, TEL, TWR
Thursday, 3 February 2011, 9:51 am | BusinessDesk
by Jason Krupp Feb. 3 (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 slips before jobs data; US labour market strong
Thursday, 3 February 2011, 9:13 am | BusinessDesk
Feb. 3 (BusinessDesk) – The New Zealand dollar fell ahead of today’s employment data, amid speculation the jobless rate crept up in the December quarter, while American private payrolls gained for a second month. More >>
Fletcher trading volumes rise on talk of ASX 200 inclusion
Wednesday, 2 February 2011, 6:41 pm | BusinessDesk
Feb. 2 (BusinessDesk) - Shares in Fletcher Building Ltd. rose to an 8-week high on speculation that New Zealand biggest construction firm could be included in Australia's benchmark S&P/ASX 200 Index. More than 7 million shares changed hands. More >>
MARKET CLOSE: NZ stocks rise; Fletcher gains on ASX talk
Wednesday, 2 February 2011, 6:05 pm | BusinessDesk
Feb. 2 (BusinessDesk) - New Zealand shares rose for the second time in three sessions, with Fletcher Building Ltd. pacing gainers on speculation the stock will soon be included in the Standard & Poor's ASX 200 Index, spurring demand from index-weighted ... More >>
NZF in talks with potential partner, defends bond roll-over
Wednesday, 2 February 2011, 5:58 pm | BusinessDesk
Feb. 2 (BusinessDesk) – NZF Group, the listed financial services company, is doing due diligence on a deal to bring in a new business partner, and has suspended all new lending until that’s completed. More >>
COMMENT: Election timing is about trust and confidence
Wednesday, 2 February 2011, 2:31 pm | BusinessDesk
Feb. 2 (BusinessDesk) – Conventional political wisdom says Prime Minister John Key has lost his marbles telling the world – and his political opponents – that the general election will be on Saturday, November 26. More >>
Key sets Nov. 26 date for general election
Wednesday, 2 February 2011, 1:06 pm | BusinessDesk
Feb. 2 (BusinessDesk) – Prime Minister John Key has announced the election will be held on Nov. 26, by which time the nation will hopefully be basking in glory of a successful Rugby World Cup. More >>
NZ’s 90-day trial period boosted labour market, NZIER says
Wednesday, 2 February 2011, 11:56 am | BusinessDesk
Feb. 2 (BusinessDesk) – The government's 90-day employment trial period for new workers has improved labour market flexibility, increased hiring activity and lifted total job numbers, according to preliminary research by the New Zealand Institute ... More >>
NZ Super fund makes first foray into farming
Wednesday, 2 February 2011, 11:26 am | BusinessDesk
Feb 2. (BusinessDesk) – The New Zealand Superannuation Fund has joined the dairy boom with the purchase of a property in Otago, and has appointed South Island consultancy FarmRight Ltd. to manage it. More >>
Tower may return capital to shareholders
Wednesday, 2 February 2011, 11:15 am | BusinessDesk
Feb. 2 (BusinessDesk) – Tower Ltd., the insurer controlled by Guinness Peat Group, may return capital to shareholders, chairman Tony Gibbs told the annual meeting. More >>
Stocks to watch: AIR, NZO, OGC, PBD, PPL, SAN
Wednesday, 2 February 2011, 9:40 am | BusinessDesk
Feb. 2 (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 hits month-high on support for commodities
Wednesday, 2 February 2011, 9:05 am | BusinessDesk
Feb. 2 (BusinessDesk) – The New Zealand dollar climbed to a month-high as investors rallied behind commodity-linked currencies amid the global food shortage and milk powder climbed to the highest level in two-and-a-half years in Fonterra Cooperative ... More >>
