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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 1630]
WEEKLY SPORTS DIGEST: Phoenix grab last-minute win
Monday, 6 December 2010, 3:19 pm | BusinessDesk
06/12/10 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: Central bank decisions weigh on Kiwi
Monday, 6 December 2010, 2:01 pm | BusinessDesk
by Paul McBeth Dec. 6 (BusinessDesk) – A thicket of international and local market decision points this week is weighing on sentiment towards the kiwi dollar as the week opens. More >>
Jason's profit slips as advertising falls
Monday, 6 December 2010, 1:34 pm | BusinessDesk
Dec. 6 (BusinessDesk) - Jasons Travel Media Ltd., the travel and accommodation guide publisher, first-half profit slipped as advertising revenue fell. More >>
SmartPay to seek ASX listing; chairman Seton steps down
Monday, 6 December 2010, 11:47 am | BusinessDesk
Dec. 6 (BusinessDesk) – SmartPay Ltd., the EFTPOS services company that bought the distressed Provenco-Cadmus assets, will seek an ASX listing as part of its Australian growth strategy and chairman John Seton will step down. More >>
Stocks to watch: AMP, ARG, NZO, SFF, SKT, THL, VHP
Monday, 6 December 2010, 9:50 am | BusinessDesk
Dec. 6 (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 surges 1.3% as US unemployment unexpectedly climbs
Monday, 6 December 2010, 9:26 am | BusinessDesk
Dec. 6 (BusinessDesk) – The New Zealand dollar jumped 1.3% against the greenback after U.S. unemployment unexpectedly grew to 9.8% last month, stoking fears the world’s biggest economy may need more stimulus to revive its sagging recovery. More >>
Securities Commission defends its record
Friday, 3 December 2010, 7:50 pm | BusinessDesk
by Pattrick Smellie and Paul McBeth Dec. 3 (BusinessDesk) – The Securities Commission says it has initiated 50 separate investigations, prosecutions, or referrals to other authorities in relation to the recent spate of finance company collapses. More >>
MARKET CLOSE: NZX 50 fall led by Argosy; Xero hits new high
Friday, 3 December 2010, 6:02 pm | BusinessDesk
Dec. 3 (BusinessDesk) - New Zealand stocks fell, led lower by Argosy Property Trust after it took control of a joint venture in Palmerston North, while Xero Ltd. hit a new record-high. More >>
TransPacific unit pays $400k and dodges price-fixing case
Friday, 3 December 2010, 4:22 pm | BusinessDesk
by Paul McBeth Dec. 3 (BusinessDesk) – Cleaning equipment company ERS New Zealand Ltd., a unit of TransPacific Industries Group, paid $400,000 to dodge a price-fixing prosecution, official documents show. More >>
Tourism Holdings enters RV market in US, buys Road Bear
Friday, 3 December 2010, 4:11 pm | BusinessDesk
Dec. 3 (BusinessDesk) – Tourism Holdings has reached into the U.S. market by agreeing to acquire JJ Motorcars Inc., the recreational vehicle rental company that trades as Road Bear, for $17 million. More >>
Argosy buys out distressed JV partner
Friday, 3 December 2010, 2:54 pm | BusinessDesk
Dec. 3 (BusinessDesk) - Argosy Property Trust has bought out its distressed joint venture partner in the Manawatu Business Park in Palmerston North. More >>
Sanford shielded from mystery oyster deaths
Friday, 3 December 2010, 12:51 pm | BusinessDesk
Dec. 3 (BusinessDesk) - Sanford Ltd., the fisheries group which recently acquired the Greenshell mussel and Pacific oyster business from Pacifica Seafoods for $85 million, said the unexplained deaths sweeping through upper North Island oyster beds ... More >>
NZ sharemarket at risk of extinction, says JB Were's Doyle
Friday, 3 December 2010, 12:30 pm | BusinessDesk
Dec. 3 (BusinessDesk) - The New Zealand equity market is at risk of extinction, says Bernard Doyle at JB Were Investment Strategy Group in a submission to the Savings Working Group. More >>
Blow for Mum’n’Dad investors in Blue Chip ruling
Friday, 3 December 2010, 12:17 pm | BusinessDesk
Dec. 3 (BusinessDesk) – The Supreme Court has ruled finance company GE Custodians wasn’t to blame for a Whangarei couple’s decision to invest in the failed Blue Chip property investment group. More >>
Simcro wins award for vaccine gun that avoids pricks
Friday, 3 December 2010, 12:10 pm | BusinessDesk
Dec. 3 (BusinessDesk) – Hamilton-based agritech company Simcro has won the design equivalent of an Olympic gold medal for its animal vaccine safety injector, Sekurus. More >>
Shame and $474.12 – the price to remain an MP
Friday, 3 December 2010, 12:06 pm | BusinessDesk
Dec. 3 (BusinessDesk) – Disgraced former Cabinet Minister Pansy Wong will refund a total of $474.12 to the taxpayer for money spent on a side-trip from official business in China in which Wong’s husband, Sammy, engaged in private commercial activity. More >>
Lyttelton Port has no ‘clear view’ on earthquake claim bill
Friday, 3 December 2010, 10:51 am | BusinessDesk
Dec. 3 (BusinessDesk) – Lyttelton Port Co., South Island’s biggest port, has no clear view on the value of its claim for damages from September’s 7.1 magnitude earthquake. More >>
Auckland house prices climb on high-end sales
Friday, 3 December 2010, 10:43 am | BusinessDesk
Dec. 3 (BusinessDesk) – Auckland house prices rose 5.7% last month as a quarter of home sales in the country’s biggest city were valued at more than $750,000. More >>
NZX’s main board drives growth in volume, value of trading
Friday, 3 December 2010, 10:42 am | BusinessDesk
Dec. 3 (BusinessDesk) – The value and volume of trading rose on NZX Ltd.’s main board last month, driving the first overall increases since March, as America’s second round of quantitative easing helped equity markets to rally. More >>
Stocks to watch: AIR, CEN, DGL, HGD, KIP, KMD, TEL, XRO
Friday, 3 December 2010, 9:41 am | BusinessDesk
Dec. 3 (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 >>
