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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 1636]
NZ dollar rises on prospects of Irish bailout
Friday, 19 November 2010, 9:22 am | BusinessDesk
Nov. 19 (BusinessDesk) – The New Zealand dollar rose on optimism that Ireland will accept a financial rescue package, soothing fears of an escalating debt crisis in Europe and giving investors more confidence to take on risk. More >>
Consumers treading water in November
Thursday, 18 November 2010, 4:19 pm | BusinessDesk
Nov. 18 (BusinessDesk) – Consumer confidence in November is static, matching the previous four months, according to the latest ANZ-Roy Morgan measure. More >>
Allied’s Matarangi Beach put in receivership
Thursday, 18 November 2010, 3:11 pm | BusinessDesk
Nov. 18 (BusinessDesk) – Allied Farmers’ Matarangi Beach Estates has been put in receivership after the finance company turned down the chance to sell the assets back to Hanover Finance principles Mark Hotchin and Eric Watson at a discount. More >>
Peter Huljich, Huljich Wealth face criminal charge
Thursday, 18 November 2010, 1:46 pm | BusinessDesk
Nov. 18 (BusinessDesk) – Peter Huljich and Huljich Wealth Management (New Zealand) Ltd. face criminal charges for allegedly misrepresenting the performance of the finance company’s KiwiSaver scheme. More >>
BNZ makes $1.6bln covered bond issue in Europe
Thursday, 18 November 2010, 12:12 pm | BusinessDesk
Nov. 18 (BusinessDesk) – Bank of New Zealand has stolen another march on the rest of the local banking industry and its Australian owner, National Australia Bank, making a 1 billion euro (NZ$1.6 billion) issue of high-security covered bonds in ... More >>
NZ producer prices rise more than expected
Thursday, 18 November 2010, 12:12 pm | BusinessDesk
Nov. 18 (BusinessDesk) – New Zealand producer input and output prices rose more than expected in the third quarter, suggesting inflationary pressures are beginning to stir in the domestic economy. More >>
Mainfreight first-half profit surges 52%
Thursday, 18 November 2010, 11:31 am | BusinessDesk
Nov. 18 (BusinessDesk) – Mainfreight Ltd., the trucking company whose shares have jumped by a third this year, reported a surge in first-half earnings as it managed to squeeze more profit from a moribund U.S. economy and lifted returns in Asia. More >>
$50mln kiwifruit rescue package announced
Thursday, 18 November 2010, 10:57 am | BusinessDesk
Nov. 18 (BusinessDesk) – The government and the kiwifruit industry will contribute $25 million each to an “aggressive” management plan for the bacterial vine disease, Psa, whose presence has now been confirmed on both the North and South Islands. More >>
Ryman lifts first-half profit 36%
Thursday, 18 November 2010, 9:52 am | BusinessDesk
Nov. 18 (BusinessDesk) - Retirement village builder and operator Ryman Healthcare's first-half net profit jumped 36% $52.3 million, although $16.1 million of that was unrealised gains from revaluing its properties. More >>
Stocks to watch: DPC, FBU, MFT, RYM, TEL, WFT
Thursday, 18 November 2010, 9:46 am | BusinessDesk
Nov. 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 >>
English sees higher short-term deficits
Thursday, 18 November 2010, 9:42 am | BusinessDesk
New Zealand’s economic growth rate won’t hit the 3.2% for the year to next March, predicted by the Treasury in the May Budget, but there will be a “rebound in the year to March 2012,” says Finance Minister Bill English. More >>
NZ dollar rises after tepid US inflation
Thursday, 18 November 2010, 9:19 am | BusinessDesk
Nov. 18 (BusinessDesk) The New Zealand dollar rose after weaker-than-expected inflation figures in the U.S. offset concern about Europe’s sovereign debt crisis and policy tightening in China, driving down the greenback. More >>
Windflow sees fat margins in UK turbine market
Wednesday, 17 November 2010, 4:36 pm | BusinessDesk
by Pattrick Smellie Nov. 17 (BusinessDesk) – Christchurch wind turbine innovator Windflow Technology Ltd. says it sees fat margins both for itself and for the Scottish farmers it is targeting under a British government subsidy scheme to encourage small-scale ... More >>
Fletcher sees pick-up in 2011 profit
Wednesday, 17 November 2010, 11:27 am | BusinessDesk
Nov. 17 (BusinessDesk) – Fletcher Building Ltd says rebuilding Canterbury after the earthquake and the government programme to fix leaky homes will be the impetus for growth in the construction industry. More >>
UFB delay cans Telecom Q1 dividend reinvestment
Wednesday, 17 November 2010, 9:55 am | BusinessDesk
Nov. 17 (BusinessDesk) – Telecom Corp. is to cancel its dividend reinvestment scheme for the first quarter dividend because of share price uncertainty created by the delayed announcement of preferred partners for the government’s ultra-fast broadband ... More >>
Stocks to watch: AMP, FBU, IFT, SAN, TEL
Wednesday, 17 November 2010, 9:46 am | BusinessDesk
Nov. 16 (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 >>
MARKET CLOSE: NZ stocks fall on weak risk appetite
Tuesday, 16 November 2010, 6:04 pm | BusinessDesk
Nov. 16 (BusinessDesk) – New Zealand stocks fell for the third time in three sessions, as a weaker tone overnight on U.S. markets sapped investor appetite for riskier stocks. AMP Ltd. paced decliners, while Fisher & Paykel Appliances Holdings rose. More >>
Fletcher and Leighton make shortlist for Waterview
Tuesday, 16 November 2010, 5:38 pm | BusinessDesk
Fletcher and Leighton make shortlist for Waterview tunnel project Nov. 15 (BusinessDesk) – Two tender consortia remain in the hunt to build Auckland’s Waterview Connection, the biggest and most complex roading project in New Zealand. More >>
Greenstone’s Shell surprises in market share grab
Tuesday, 16 November 2010, 2:22 pm | BusinessDesk
Nov. 16 (BusinessDesk) –Local decision-making, preference for Kiwi ownership, and the damage to the BP brand of the Gulf of Mexico oil spill are the most likely reasons for Shell petrol stations’ strong sales growth in their first six months under ... More >>
Infratil planning five year capital notes issue
Tuesday, 16 November 2010, 2:20 pm | BusinessDesk
Nov. 16 (BusinessDesk) – Infratil Ltd., the NZX-listed infrastructure investor, is considering an issue of capital notes as it approaches a $112 million bond redemption in May 2011. More >>
