Scoop has an Ethical Paywall
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 1614]
MARKET CLOSE: NZ stocks rise; Kathmandu gains, PPL falls
Wednesday, 19 January 2011, 5:54 pm | BusinessDesk
Jan. 19 (BusinessDesk) - New Zealand stocks rose for the first time in three sessions after Kathmandu Holdings surged to a five-month high following an upgrade to its half-year profit forecast, while Pumpkin Patch Ltd. fell. More >>
Telecom pushes out time of split of network arm
Wednesday, 19 January 2011, 5:26 pm | BusinessDesk
Jan. 19 (BusinessDesk) – Telecom Corp., which is in the box seat to win the lion’s share of the government’s $1.35 billion roll-out of high-speed broadband, has pushed out the timeline to carve out its network business. More >>
New Zealand retailers face tougher time ahead: Goldman Sachs
Wednesday, 19 January 2011, 1:57 pm | BusinessDesk
Jan. 19 (BusinessDesk) - New Zealand's already battered retailers face an even tougher time this year as households continue to focus on shoring up their personal balance sheets instead splashing out at the shops, according to Goldman Sachs and Partners. More >>
NZ November guest nights rise, led by hotels
Wednesday, 19 January 2011, 11:55 am | BusinessDesk
Jan. 19 (BusinessDesk) - New Zealand guest nights rose in November after two months of declines, with hotels accounting for much of the return to growth. More >>
Two Degrees taps shareholders for extra US$4.5 mln
Wednesday, 19 January 2011, 11:22 am | BusinessDesk
Jan. 19 (BusinessDesk) – Two Degrees Mobile Ltd., which has taken on New Zealand’s two dominant mobile phone companies, has tapped its major shareholders for a further US$4.5 million. More >>
Kathmandu first-half earnings to jump as much as 26%
Wednesday, 19 January 2011, 10:29 am | BusinessDesk
Jan. 19 (BusinessDesk) – Kathmandu Holdings, the outdoor equipment and clothing chain, said first-half profit will rise as much as 26% after strong sales over December and January, and improved margins. More >>
Stocks to watch: AIA, FBU GEL, GFF, PGW, PGC
Wednesday, 19 January 2011, 9:43 am | BusinessDesk
Jan. 19 (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 holds above 77 cts amid lacklustre Fonterra sale
Wednesday, 19 January 2011, 9:13 am | BusinessDesk
Jan. 19 (BusinessDesk) – The New Zealand dollar held above 77 U.S. cents, lagging behind other risk-sensitive currencies, after the latest Fonterra Cooperative Group auction failed to attract as big a price rise in milk powder as expected. More >>
NZ milk powder prices extend gains with 1.2% increase
Wednesday, 19 January 2011, 7:57 am | BusinessDesk
Jan. 19 (BusinessDesk) – New Zealand milk powder prices extended their gains in Fonterra Cooperative Group’s latest online auction, underlining strong global demand for soft commodities. More >>
Diligent shares soar with sales, investor support
Wednesday, 19 January 2011, 7:24 am | BusinessDesk
Jan. 19 (BusinessDesk) – Shares in start-up software company Diligent Board Member Services jumped 19% after it posted record fourth-quarter sales and major investors showed their support for the company. More >>
Inch leaves Combined Building Society role, deputy tapped
Tuesday, 18 January 2011, 6:06 pm | BusinessDesk
Jan. 18 (BusinessDesk) - Bryan Inch resigned as head of retail at Combined Building Society, the company formed from the merger of Pyne Gould Corp.’s Marac unit, CBS Canterbury and Southern Cross Building Society. More >>
MARKET CLOSE: NZX 50 falsl; Goodman Fielder paces decliners
Tuesday, 18 January 2011, 5:55 pm | BusinessDesk
Jan. 18 (BusinessDesk) - New Zealand shares declined for a third session, with Goodman Fielder Ltd. pacing decliners on the exchange after its chief executive announced he would be leaving in April, while Diligent Board Member Services surged. More >>
MusicHype start-up gets $600,000 injection from Rutherford
Tuesday, 18 January 2011, 4:30 pm | BusinessDesk
MusicHype start-up wins $600,000 injection from Rutherford Fund to tap U.S. market More >>
NZ housing market slides in December
Tuesday, 18 January 2011, 10:58 am | BusinessDesk
Jan. 18 (BusinessDesk) - New Zealand's housing market slid back into decline in December after posting a modest recovery in the previous month, with the number and value of house sales falling, according to the Real Estate Institute. More >>
Diligent expects continuing sales momentum after Q4 record
Tuesday, 18 January 2011, 10:14 am | BusinessDesk
Jan. 18 (BusinessDesk) - Start-up software company Diligent Board Member Services says its sales momentum should continue following record annualised recurring sales in its fourth quarter. More >>
Stocks to watch: AMP, DIL, MHI, TEL, WDT, WSI
Tuesday, 18 January 2011, 9:41 am | BusinessDesk
Jan. 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 >>
ANZ National Bank deputy CEO Fyfe to retire next month
Tuesday, 18 January 2011, 9:26 am | BusinessDesk
Jan. 18 (BusinessDesk) – ANZ National Bank Ltd. deputy chief executive Steven Fyfe will retire next month. More >>
NZ dollar climbs above 77 cts on demand for soft commodities
Tuesday, 18 January 2011, 9:15 am | BusinessDesk
Jan. 18 (BusinessDesk) – The New Zealand dollar climbed back above 77 U.S. cents as food inflation fears prompted investors to seek out commodity-linked currencies. More >>
Recovery of Pike miners' bodies 'unlikely,' receivers say
Monday, 17 January 2011, 11:34 pm | BusinessDesk
Jan. 17 (BusinessDesk) – The receivers of Pike River Coal Ltd. say it is very unlikely the bodies of the 29 miners killed in the mine will be recovered. More >>
MARKET CLOSE: NZ stocks extend decline; APN falls
Monday, 17 January 2011, 5:57 pm | BusinessDesk
Jan. 17 (BusinessDesk) - New Zealand shares fell, extending the NZX 50 Index’s decline from a 28-month high for a second session, as investors anticipate a spike in inflation in data this week. APN News & Media Ltd. led decliners and Cavalier ... More >>
