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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 1617]
WEEKLY SPORTS DIGEST: Black Caps disappoint – again
Tuesday, 11 January 2011, 8:15 am | BusinessDesk
10/01/11 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 >>
MARKET CLOSE: NZ shares rise, Vector leads gains, AMP falls
Monday, 10 January 2011, 6:05 pm | BusinessDesk
Jan. 10 (BusinessDesk) - New Zealand shares rose with Vector Ltd. pacing gainers on the exchange, while Australian wealth manager AMP Ltd. fell amid volatile trading. More >>
Auckland business leader, Sir Richard Carter, dies
Monday, 10 January 2011, 5:19 pm | BusinessDesk
Jan. 10 (BusinessDesk) – Sir Richard Carter, a member of one of the founding families of the Carter Holt Harvey Ltd. timber empire, has died, in Auckland, aged 75. More >>
Paymark’s Christmas contradicts Warehouse gloom
Monday, 10 January 2011, 4:59 pm | BusinessDesk
Jan. 10 (BusinessDesk) – New Zealanders splashed out in a small way for Christmas, according to figures from the credit card and eftpos transactions processor, Paymark. More >>
Fletcher lifts cash component of Crane bid
Monday, 10 January 2011, 4:33 pm | BusinessDesk
Jan. 10 (BusinessDesk) – Fletcher Building Ltd., New Zealand’s biggest listed company, has lifted the cash component of its takeover bid for Australia’s Crane Group, though the overall price of A$9.35 a share is still the same. More >>
Pacific Blue quit domestic routes over $19.8 mln loss
Monday, 10 January 2011, 1:52 pm | BusinessDesk
Jan. 10 (BusinessDesk) - Pacific Blue Airlines (NZ) Ltd., the local units of Richard Branson's Virgin Airlines, chose to abandon New Zealand's domestic routes after tough competition and tighter market conditions left it with a near-$20 million loss. More >>
NZ Dollar Outlook: Kiwi faces heavy start to 2011 against US
Monday, 10 January 2011, 1:41 pm | BusinessDesk
Jan. 10 (BusinessDesk) – The New Zealand dollar faces downward pressure in its first full week of trading in 2011 as support for the greenback is bolstered by upbeat U.S. data and renewed fears about the state of Europe’s sovereign indebtedness. More >>
Executive sport summary – BlackCaps' agony
Monday, 10 January 2011, 12:22 pm | BusinessDesk
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 >>
2010 a tale of two halves for Auckland real estate: Barfoot
Monday, 10 January 2011, 12:16 pm | BusinessDesk
Jan. 10 (BusinessDesk) – The Auckland real estate market was weak in the second half of 2010 compared to the first half, with new listings and actual sales in the month of December well below December 2009, according to Barfoot & Thompson. More >>
November trade deficit shrinks further
Monday, 10 January 2011, 12:08 pm | BusinessDesk
Jan 10 (BusinessDesk) - New Zealand's trade deficit for November shrank to its lowest level in four months, as higher commodity prices helped support exports and the kiwi dollar’s international purchasing power. More >>
Stocks to watch: FBU. KMD, NZO, NZX, OGC, PGW
Monday, 10 January 2011, 9:52 am | BusinessDesk
Jan. 10 (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 edges up as US employment misses expectations
Monday, 10 January 2011, 9:23 am | BusinessDesk
Jan. 10 (BusinessDesk) – The New Zealand dollar crept higher as American employment data on Friday fell short of expectations, amid growing fears indebted European nations will struggle to fund their spending programmes. More >>
World Week Ahead: Show us the money!
Monday, 10 January 2011, 8:18 am | BusinessDesk
World Week Ahead: Show us the money! Jan. 10 (BusinessDesk) - It’s time now for corporate America to confirm the optimism that has led shares on Wall Street to six weeks of gains. More >>
MARKET CLOSE: NZ stocks fall, Kathmandu paced decliners
Friday, 7 January 2011, 5:53 pm | BusinessDesk
Jan. 7 (BusinessDesk) - New Zealand stocks fell for the first time this year, with Kathmandu Holdings pacing decliners on the exchange in a week marked by muted activity on the local market after the New Year holiday break. More >>
Yellow Pages value slashed leaving it $1.44 bln in the red
Friday, 7 January 2011, 4:42 pm | BusinessDesk
by Pattrick Smellie Jan. 7 (BusinessDesk) – Directory company Yellow Pages has posted an annual loss of $1.44 billion as it slashed the value of the business as part of a proposed restructuring that will hand over control to its lenders. More >>
BSHL flags Jan 31 listing, issues shares
Friday, 7 January 2011, 1:58 pm | BusinessDesk
Jan. 7 (BusinessDesk) – A listing for the $2.2 billion merger of the so-called Heartland financial institution has been flagged for the end of the month after shares in holding company Building Society Holdings Ltd. were allotted today. More >>
Shell heads 4km underground for new Maui gas
Friday, 7 January 2011, 12:10 pm | BusinessDesk
Jan 7. (BusinessDesk) - Shell Todd Oil Services Ltd. is heading four kilometres underground to explore previously untested areas of the 30 year-old Maui oil and gas field. More >>
NZX trading activity continues to recover in December
Friday, 7 January 2011, 11:59 am | BusinessDesk
by Jason Krupp Jan. 7 (BusinessDesk) – New Zealand equities trading volumes and values last month jumped by almost a third over December a year ago, NZX Ltd. reports, with activity continuing to recover as the economy begins emerging from the worst ... More >>
Stocks to watch: ANZ, CUE, KMD, NZO, OGC, PGC, WDT
Friday, 7 January 2011, 10:00 am | BusinessDesk
by Jason Krupp Jan. 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 holds below 76 US cts as Eurozone fears linger
Friday, 7 January 2011, 9:26 am | BusinessDesk
Jan. 7 (BusinessDesk) – The New Zealand dollar held below 76 U.S. cents as Europe’s sovereign debt woes kept investors nervous about seeking bigger returns, ahead of American employment data out on Friday in the U.S. More >>
