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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 1612]
Hallenstein cuts profit outlook by as much as 18%
Wednesday, 26 January 2011, 9:14 am | BusinessDesk
Jan. 26 (BusinessDesk) - Hallenstein Glasson Holdings, the clothing retailer, has downgraded its profit outlook as weaker sales at its Glassons outlets sapped stronger performances from the company's Hallenstein and Storm brands. More >>
MARKET CLOSE: NZ shares rise; Kathmandu gains, RBD falls
Tuesday, 25 January 2011, 6:18 pm | BusinessDesk
Jan. 25 (BusinessDesk) - New Zealand shares rose for the second time in three sessions, as positive offshore leads help stoke investors' appetite for local stocks. Kathmandu Holdings paced gainers on the exchange while Restaurant Brands NZ Ltd. fell. More >>
NZ businesses slower to pay bills in fourth quarter: D&B
Tuesday, 25 January 2011, 3:12 pm | BusinessDesk
Jan. 25 (BusinessDesk) - Businesses are taking longer to pay their bills to each other, and company cash flows are expected to remain under pressure during 2011, according to Dun & Bradstreet. More >>
SmartPay MD Bailey to lead drive into Australia
Tuesday, 25 January 2011, 1:58 pm | BusinessDesk
Jan. 25 (BusinessDesk) – SmartPay Ltd.’s managing director Ian Bailey is focusing his attention across the ditch as the EFTPOS services company that bought distressed Provenco-Cadmus assets prepares to list in Australia. More >>
Charlie’s beats revenue forecast with 1H sales at $21.9M
Tuesday, 25 January 2011, 1:37 pm | BusinessDesk
Jan. 25 (BusinessDesk) – Charlie’s Group, the juice maker that extended its footprint in Australia’s Cole supermarkets, beat sales forecasts by $900,000 in the second half of last year. More >>
Virgin Blue shares drop on impact of Queensland floods
Tuesday, 25 January 2011, 1:17 pm | BusinessDesk
Jan. 25 (BusinessDesk) – Shares of Virgin Blue Holdings dropped after Australia’s second-biggest airline said disruptions from Queensland’s floods could slice A$40 million off sales, denting profit. More >>
PSI shows glimmer of hope for retailers
Tuesday, 25 January 2011, 11:58 am | BusinessDesk
Jan. 25 (BusinessDesk) - New Zealand's services sector, which makes up about 70% of New Zealand's economy, rose marginally in December, though it there were portents of positivity, particularly among struggling retailers. More >>
Pyne Gould rewards execs with bonus shares for Marac merger
Tuesday, 25 January 2011, 10:13 am | BusinessDesk
Jan. 25 (BusinessDesk) – Pyne Gould Corp. executives have been rewarded with 4.4 million new shares in the company as a thank-you for the merger of the firm’s Marac unit with Southern Cross and Canterbury building societies. More >>
Stocks to watch: AIR, AIA, GFF, HGL, WHS, WTL
Tuesday, 25 January 2011, 9:43 am | BusinessDesk
Jan. 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 >>
NZ dollar rises above 76 US cts as M&A activity lifts stocks
Tuesday, 25 January 2011, 9:17 am | BusinessDesk
Jan. 25 (BusinessDesk) – The New Zealand dollar rose above 76 U.S. cents as increased merger and acquisition activity bolstered stocks on Wall Street, and strong European data whetted investors’ appetite for bigger returns. More >>
MARKET CLOSE: NZ stocks mixed; Restaurant Brands falls
Monday, 24 January 2011, 6:12 pm | BusinessDesk
Jan. 24 (BusinessDesk) - New Zealand stocks were mixed ahead of the Reserve Bank's interest rate announcement later this week. Restaurant Brands NZ Ltd. paced decliners on the exchange while NZX Ltd. rose. More >>
Qantas unlikely to ignore Air NZ stake in Virgin: Moody's
Monday, 24 January 2011, 4:56 pm | BusinessDesk
Jan. 24 (BusinessDesk) – Qantas Airways Ltd., Australia’s national carrier, is unlikely to take Air New Zealand Ltd.’s investment in rival Virgin Blue Holdings sitting down, having successfully fended off local competition. More >>
Downer trading halt ahead of Waratah announcement
Monday, 24 January 2011, 4:03 pm | BusinessDesk
Jan. 24 (BusinessDesk) - Trading in the shares of engineering company Downer EDI Ltd. has been halted pending an announcement about its Waratah train contract. More >>
WEEKLY SPORTS DIGEST: Nadal-Federer final still a chance
Monday, 24 January 2011, 1:59 pm | BusinessDesk
24/01/11 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 >>
NZ Dollar Outlook: Kiwi bound in range ahead of OCR review
Monday, 24 January 2011, 1:42 pm | BusinessDesk
Jan. 24 (BusinessDesk) – The New Zealand dollar will probably stay within its recent range this week as investors prepare for the Reserve Bank’s monetary policy statement, which is expected to see interest rates kept on hold. More >>
APN sees ‘minimal’ impact from Queensland floods
Monday, 24 January 2011, 12:35 pm | BusinessDesk
Jan. 24 (BusinessDesk) - APN News & Media Ltd., which publishes the New Zealand Herald and operates the Radio Network, says the Queensland floods will probably have minimal impact on its bottom line. More >>
Stocks to watch: AIR, FBU, KMD, VCT, WHS, WBC
Monday, 24 January 2011, 9:48 am | BusinessDesk
Stocks to watch: AIR, FBU, KMD, VCT, WHS, WBC Jan. 24 (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 as German business confidence surges
Monday, 24 January 2011, 9:11 am | BusinessDesk
Jan. 24 (BusinessDesk) – The New Zealand dollar gained as investors’ appetite for higher-yielding, or riskier, assets was whetted by record-high business confidence in Germany, allaying fears of a European debt meltdown. More >>
Bollard to confirm long wait for OCR hike in weak economy
Monday, 24 January 2011, 7:27 am | BusinessDesk
Jan. 23 (BusinessDesk) - Reserve Bank Governor Alan Bollard will likely keep interest rates unchanged this week and signal he's in no hurry to move the rate higher in an economy that narrowly avoided a double-dip recession last year. More >>
World Week Ahead: Reality check approaching
Monday, 24 January 2011, 7:20 am | BusinessDesk
(BusinessDesk) January 24 - The first test of the New Year appears to be fast approaching for equity investors. More >>
