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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 1635]
Hart closes sales gap on Fonterra with Pactiv deal
Monday, 22 November 2010, 4:50 pm | BusinessDesk
Hart’s Reynolds gains on Fonterra for sales after winning US$6.5B Pactiv deal More >>
Heartland bank’ merger crosses first hurdle
Monday, 22 November 2010, 4:30 pm | BusinessDesk
Nov. 22 (BusinessDesk) – The proposed Pyne Gould Corp.-led merger for a South Island-based bank has crossed its first hurdle with shareholders in Southern Cross Building Society giving the nod to the deal. More >>
Charlie's expects 43% jump in first-half profit
Monday, 22 November 2010, 1:26 pm | BusinessDesk
Nov. 22 (BusinessDesk) - Juice and soft-drink company Charlie's Group expects first-half net profit will rise 43% as sales climb by about a quarter, it told shareholders at their annual meeting. The shares jumped 9.4% More >>
NZ Dollar Outlook: Kiwi to tread water amid Euro debt woes
Monday, 22 November 2010, 1:15 pm | BusinessDesk
NZ Dollar Outlook: Kiwi to take a breather as Irish go cap-in-hand to IMF, EU More >>
October migration slows as kiwis hop the Tasman
Monday, 22 November 2010, 12:07 pm | BusinessDesk
Nov. 22 (BusinessDesk) - New Zealand's population in October grew at a slower rate than the previous month as more kiwis chose to seek their fortunes in Australia. More >>
Pike River answers clearer by tonight?
Monday, 22 November 2010, 11:26 am | BusinessDesk
by Jason Krupp Nov. 22 (BusinessDesk) – Fresh efforts to drill an inspection bore hole into the Pike River coalmine and to send a New Zealand Army bomb disposal robot into the main mineshaft mean there may be answers by the end of the day about the ... More >>
WEEKLY SPORTS DIGEST: Ferns back to top, Black Caps falter
Monday, 22 November 2010, 10:18 am | BusinessDesk
15/11/10 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 >>
Stocks to watch: AMP, NZO, PRC, PPL, RAK, TEL, WEN
Monday, 22 November 2010, 9:32 am | BusinessDesk
Nov. 22 (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 >>
Irish bail-out and China’s braking drive currency sentiment
Monday, 22 November 2010, 9:15 am | BusinessDesk
Nov. 22 (BusinessDesk) –International currency markets are focusing on growing Irish acceptance of a European Union bail-out and a technical monetary policy tightening in China. More >>
Muir steps down from Pumpkin Patch chair as Hanover flares
Friday, 19 November 2010, 7:06 pm | BusinessDesk
Nov. 19 (BusinessDesk) – Greg Muir will step down as chairman of Pumpkin Patch saying his presence has become a distraction. Muir’s previous stewardship of Hanover Finance has led to questions over his fitness to chair the children’s clothing ... More >>
Disaster at Pike River Coal: 35-plus miners unaccounted for
Friday, 19 November 2010, 6:54 pm | BusinessDesk
Nov. 19 (BusinessDesk) – Tragedy has struck at the Pike River Coal Ltd. mine, inland from Greymouth, with more than 35 miners and management staff unaccounted for in the mine after an explosion at about 5 p.m. More >>
Criminal charges decision on Hanover by Xmas
Friday, 19 November 2010, 6:21 pm | BusinessDesk
Regulator to decide on criminal charges against Hanover directors by Christmas by Jonathan Underhill Nov. 19 (BusinessDesk) – The Securities Commission says it will decide by Christmas whether to lay criminal charges after a major investigation into ... More >>
MARKET CLOSE: NZ stocks fall as investors regroup
Friday, 19 November 2010, 6:08 pm | BusinessDesk
Nov. 19 (BusinessDesk) - New Zealand stocks fell for a fourth session, as investors regrouped after a volatile week in which European sovereign debt concerns stalked the market. Pike River Coal Ltd. paced decliners on the day, while Telstra Corp. ... More >>
Commercial property returns move into 'upswing' phase
Friday, 19 November 2010, 4:21 pm | BusinessDesk
Nov. 19 (BusinessDesk) - A gradual slowing of the decline of commercial property capital values market is helping deliver improved investment returns, according to the Investment Property Databank. More >>
Telstra reaffirms guidance; will maintain dividend
Friday, 19 November 2010, 1:34 pm | BusinessDesk
Nov. 19 (BusinessDesk) – Telstra Corp., Australia’s biggest phone company, has reaffirmed that it expects “a high single-digit percentage decline” in earnings before interest, tax, depreciation and amortisation (EBITDA) on "flattish" ... More >>
Strategic Finance receivers failed to find credible offer
Friday, 19 November 2010, 1:18 pm | BusinessDesk
Nov. 19 (BusinessDesk) – Receivers of finance group Strategic Finance couldn’t tempt any potential buyers of the loan book to make a credible offer and will continue with recoveries on behalf of 10,000 debenture holders owed $368 million. More >>
Spotless Group completes US$160 million note placement
Friday, 19 November 2010, 12:07 pm | BusinessDesk
Nov. 19 (BusinessDesk) - Spotless Group, the Australian dry cleaning and laundry chain, has secured the issue of US$160 million of guaranteed senior notes in the U.S. Private Placement debt market, with the proceeds being put towards paying off ... More >>
Reserve Bank’s revamped disclosure regime for banks looms
Friday, 19 November 2010, 11:42 am | BusinessDesk
Nov. 19 (BusinessDesk) – Registered banks will be required to comply with the Reserve Bank of New Zealand’s revamped bank disclosure regime from the first quarter of next year. More >>
NZ faces long, slow recovery, says Bollard
Friday, 19 November 2010, 10:28 am | BusinessDesk
Nov. 19 (BusinessDesk) – New Zealand’s economic recovery is progressing “very slowly” and “could yet be a prolonged process,” says the Governor of the Reserve Bank of New Zealand, Alan Bollard. More >>
Stocks to watch: ALF, MFT, NZO, TEL, THL
Friday, 19 November 2010, 9:46 am | BusinessDesk
Nov. 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 >>
