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 1616]
No Christmas cheer in NZ card spending: Stats NZ
Thursday, 13 January 2011, 11:36 am | BusinessDesk
Jan. 13 (BusinessDesk) – New Zealanders kept the credit and debit cards firmly in their wallets over Christmas as people spent less and made fewer purchases. More >>
Xero adds automatic feeds to North American offering
Thursday, 13 January 2011, 10:22 am | BusinessDesk
Jan. 13 (BusinessDesk) - Xero Ltd., the cloud-based accounting platform provider, today announced that it has expanded its automated bank feed functionality to include feeds from more than 2,000 banks and financial institutions across the U.S. and Canada. More >>
Michael Hill boosts earnings outlook
Thursday, 13 January 2011, 10:00 am | BusinessDesk
by Paul McBeth Jan. 13 (BusinessDesk) – Michael Hill International Ltd., the jewellery chain facing a partial takeover bid by the Hill family, has lifted its earnings outlook after posting stronger first-half sales. More >>
Stocks to watch: AIA, AIR, FBU, IFT, MHI, XRO
Thursday, 13 January 2011, 9:54 am | BusinessDesk
Jan. 13 (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 >>
Global risk currency rally misses NZ dollar
Thursday, 13 January 2011, 9:24 am | BusinessDesk
by Paul McBeth Jan. 13 (BusinessDesk) – The New Zealand dollar was little changed despite a global rally in investors’ appetite for riskier, higher-yielding assets after Portugal managed to sell government bonds. More >>
MARKET CLOSE: NZ stocks rise; AIA bullish on new China link
Wednesday, 12 January 2011, 6:10 pm | BusinessDesk
Jan 12. (BusinessDesk) - New Zealand stocks rose for a third session, with PGG Wrightson Ltd. pacing gainers on the exchange, with the NZX 50 Index rising 4.82 points, or 0.14%, to 3334.58. Within the index 13 stocks rose, 17 fell and 20 were unchanged. ... More >>
PayPal founder pumps in $5.5 mln into Pacific Fibre
Wednesday, 12 January 2011, 4:11 pm | BusinessDesk
Jan. 12 (BusinessDesk) – PayPal founder and Facebook board member Peter Thiel has pumped in $5.5 million into Pacific Fibre Ltd.’s bid to build a new trans-Pacific fibre optic cable. More >>
UK bus-maker targets NZ manufacturing base
Wednesday, 12 January 2011, 2:34 pm | BusinessDesk
by Paul McBeth Jan. 12 (BusinessDesk) – Infratil Ltd.’s NZ Bus has awarded its Auckland supply contract to British manufacturer Alexander Dennis Ltd., which says it will use the contract as a springboard into local manufacturing. “Our aim is ... More >>
Super fund earnings soften in November
Wednesday, 12 January 2011, 11:15 am | BusinessDesk
Jan. 12 (BusinessDesk) - The New Zealand Superannuation Fund's reported a fall in investment earnings in November, after a significant decline in global fixed income markets sapped returns. More >>
Hong Kong investor seeks Northland forests
Wednesday, 12 January 2011, 11:04 am | BusinessDesk
Jan. 12 (BusinessDesk) –Greenheart Group, a forestry investment company, plans to issue new shares in Hong Kong a part of a US$77 million buy-up of Mangakahia forestry assets in New Zealand’s Northland region. More >>
China Southern Airlines to start direct flights to Auckland
Wednesday, 12 January 2011, 10:53 am | BusinessDesk
Jan. 12 (BusinessDesk) – China Southern Airlines Co., China’s biggest carrier, will bypass Melbourne in favour of a direct Guangzhou-Auckland route, bolstering the projected economic benefit of the new service by half. More >>
Stocks to watch: CEN, FBU, NZO, NZS, PGC, WDT
Wednesday, 12 January 2011, 9:46 am | BusinessDesk
Jan. 12 (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 flat as traders weigh Queensland flood costs
Wednesday, 12 January 2011, 9:23 am | BusinessDesk
Jan. 12 (BusinessDesk) – The New Zealand dollar was little changed as the rising cost of flooding in Queensland weighed on commodity-linked currencies, amid a more positive tone for higher-yielding, riskier assets. More >>
MARKET CLOSE: NZ shares rise as business confidence grows
Tuesday, 11 January 2011, 6:07 pm | BusinessDesk
MARKET CLOSE: NZ shares rise amid improving business confidence Jan. 11 (BusinessDesk) - New Zealand stocks rose for a second session, with moderately upbeat business confidence numbers for the December quarter helping boost investor appetite. Telstra Corp. paced ... More >>
Baldwin leaving Contact Energy for Origin role
Tuesday, 11 January 2011, 6:05 pm | BusinessDesk
Jan. 11 (BusinessDesk) – New Zealand’s largest listed energy company, Contact Energy Ltd., will be led by a long-standing Origin Energy senior manager, Dennis Barnes, who will replace current managing director David Baldwin in a transition ... More >>
Crane Group board rejects revised Fletcher Building bid
Tuesday, 11 January 2011, 3:00 pm | BusinessDesk
Crane Group board rejects revised Fletcher Building bid Jan. 11 (BusinessDesk) – Directors of ASX-listed building and industrial products company Crane Group have rejected a revised takeover offer from New Zealand’s Fletcher Building Ltd., and ... More >>
Big November bounce in non-residential building permits
Tuesday, 11 January 2011, 12:54 pm | BusinessDesk
Jan. 11 (BusinessDesk) – The value of all building consents issued in November wzas $993 million, up 7.2% compared to November 2009, with weak housing consents more than offset by non-residential construction permits accounting for almost half ... More >>
NZ businesses bouncing back, oh so slowly: NZIER
Tuesday, 11 January 2011, 10:12 am | BusinessDesk
Jan. 11 (BusinessDesk) – New Zealand’s businesses are recovering ever-so-slowly after dodging a ‘double-dip’ recession, led by larger firms, according to the New Zealand Institute of Economic Research. More >>
Stocks to Watch: ANZ, FBU, NZR, RBD, WHS, WDTRG
Tuesday, 11 January 2011, 9:24 am | BusinessDesk
Stocks to Watch: ANZ, FBU, NZR, RBD, WHS, WDTRG Jan. 11 (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 >>
Kiwi gains ahead of QSBO
Tuesday, 11 January 2011, 9:19 am | BusinessDesk
by Jason Krupp Jan. 11 (BusinessDesk) - The New Zealand dollar rose against all major currencies as European debt woes, softer global equities, and stronger commodity prices help the currency, while traders await local business confidence data. More >>
