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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 1624]
Telecom gets regulatory relief on resales
Friday, 17 December 2010, 10:00 am | BusinessDesk
Dec. 17 (BusinessDesk) – Telecom Corp., which is looking likely to win a chunk of the government’s $1.35 billion fund to roll-out high speed internet, has gained a reprieve from the Commerce Commission on regulation of resales. More >>
Stocks to watch: AFP, AIR, CEN, FPA, LME, PGC, WHS
Friday, 17 December 2010, 9:49 am | BusinessDesk
Dec. 17 (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 >>
F&P Appliances cuts full-year guidance on appliances trading
Friday, 17 December 2010, 9:44 am | BusinessDesk
Dec. 17 (BusinessDesk) – Fisher & Paykel Appliances Holdings Ltd. cut its earnings guidance, citing deteriorating retail trading conditions and weaker third-party sales of components and technology. More >>
NZ dollar holds below 74 US cts amid strong US data
Friday, 17 December 2010, 9:19 am | BusinessDesk
Dec. 17 (BusinessDesk) – The New Zealand dollar held below 74 U.S. cents as strong manufacturing data in the U.S. stoked support for the greenback, and pushed the kiwi down to a two-and-a-half month low. More >>
MARKET CLOSE: Warehouse, Hallenstein lead fall on weak mood
Thursday, 16 December 2010, 6:12 pm | BusinessDesk
Dec. 16 (BusinessDesk) - New Zealand stocks fell, led lower by Warehouse Group and Hallenstein Glasson Holdings after weakening consumer confidence figures cast a pall on the key Christmas retail period. More >>
Wool Services in play as receivers move on Hubbard vehicles
Thursday, 16 December 2010, 5:39 pm | BusinessDesk
Two-thirds of Wool Services in play as receivers move on two more Hubbard vehicles More >>
Act now on savings before it’s too late, says working group
Thursday, 16 December 2010, 5:32 pm | BusinessDesk
Dec. 16 (BusinessDesk) – New Zealand’s poor savings record requires urgent action because “the window for changing policy settings is closing” as rising health and pension costs start weighing on government and private finances, says the government-appointed ... More >>
NZ business confidence slips as firms ‘wait and see’
Thursday, 16 December 2010, 4:24 pm | BusinessDesk
NZ business confidence slips as firms ‘wait and see’ Dec. 16 (BusinessDesk) – New Zealand business confidence slipped this month as the stalling economic recovery makes businesses cautious committing to new activity. More >>
Hanover serves papers against Allied Farmers on unpaid $5mln
Thursday, 16 December 2010, 4:10 pm | BusinessDesk
Dec. 16 (BusinessDesk) – Hanover Finance Ltd., the failed lender owned by Eric Watson and Mark Hotchin, has served papers against Allied Farmers Ltd. over its refusal to pay $5 million as part of the companies’ debt-for-equity swap. More >>
Court signs off on Marac-led merger
Thursday, 16 December 2010, 2:37 pm | BusinessDesk
Dec. 16 (BusinessDesk) – The $2.2 billion Marac Finance merger with two South Island building societies has moved a step closer, gaining court approval. More >>
Air NZ, Virgin Blue alliance wins Australian antitrust ok
Thursday, 16 December 2010, 12:48 pm | BusinessDesk
Dec. 16 (BusinessDesk) – Air New Zealand and Virgin Blue have convinced Australia’s antitrust regulator to reverse its preliminary view and approve their alliance on trans-Tasman routes. Shares of both airlines rose on the news. More >>
PMP cleared to buy APN's Manukau printing assets
Thursday, 16 December 2010, 11:45 am | BusinessDesk
Dec. 16 (BusinessDesk) - The Commerce Commission has cleared Australian-listed PMP to buy “certain heat set printing assets” of dual Australian and New Zealand-listed APN News & Media. More >>
NZ manufacturing expands in November after a 3-month lull
Thursday, 16 December 2010, 11:41 am | BusinessDesk
Dec. 16 (BusinessDesk) - New Zealand manufacturing shrugged off its three month lull in November, with all five indices moving into expansion. More >>
Contact Energy gets nod for underground storage operation
Thursday, 16 December 2010, 11:14 am | BusinessDesk
Dec. 16 (BusinessDesk) – Contact Energy Ltd. and its Australian parent Origin Energy Ltd. have won the thumbs-up from government to store gas underground in Taranaki. More >>
NZ farm sales pick up in November, prices fall
Thursday, 16 December 2010, 10:46 am | BusinessDesk
Dec. 16 (BusinessDesk) – New Zealand farm sales picked up from a slump in October, though prices continued to decline. More >>
LandCorp, Rissington Breedline to merge genetics divisions
Thursday, 16 December 2010, 10:41 am | BusinessDesk
Dec. 16 (BusinessDesk) - State owner famer Landcorp Farming Ltd. and breeding stock improvement company Rissington Breedline Ltd. have agreed to merge their genetics divisions, creating the largest single sheep and cattle genetics database in the ... More >>
NZ consumer confidence falls to 18-month low
Thursday, 16 December 2010, 10:36 am | BusinessDesk
Dec. 16 (BusinessDesk) – New Zealand consumer confidence sank to an 18-month low in the December quarter suggesting retailers have little reason to expect Christmas cheer to be reflected in sales. More >>
Stocks to watch: AIA, FBU, NZO, NZX, SKL, THL
Thursday, 16 December 2010, 9:40 am | BusinessDesk
Dec. 15 (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 falls to 2-month low as US data beats estimates
Thursday, 16 December 2010, 9:37 am | BusinessDesk
Dec. 16 (BusinessDesk) – The New Zealand dollar fell below 74 U.S. cents for the first time in two months as U.S. data beat expectations while Europe’s sovereign debt concerns kept investors’ appetite for risk on the backburner. More >>
Skellerup shares hit three-year high on new profit guidance
Wednesday, 15 December 2010, 5:01 pm | BusinessDesk
Dec. 15 (BusinessDesk) – Skellerup Holdings, the rubber goods and milking equipment manufacturer, is tipping its 2011 profit will be $2.5 million more than previous expectations, pushing its shares to the highest level since June 2007. More >>
