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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 1637]
Jetpack IPO will go offshore unless Kiwis invest
Tuesday, 16 November 2010, 1:38 pm | BusinessDesk
by Peter Kerr Nov. 16 (BusinessDesk) – The company behind the Martin Jetpack will be forced to look offshore for development and expansion capital if a planned initial public offer doesn’t spark the interest of New Zealand investors. The Jetpack, ... More >>
Nikko AM agrees to buy Tyndall from Suncorp
Tuesday, 16 November 2010, 1:23 pm | BusinessDesk
Nov. 16 (BusinessDesk) – Nikko Asset Management, the Tokyo-based investment firm, has agreed to acquire Tyndall Investments from Suncorp-Metway Ltd., adding about A$25 billion of managed assets in Australia and New Zealand. More >>
OceanaGold appoints new chief executive
Tuesday, 16 November 2010, 12:01 pm | BusinessDesk
OceanaGold appoints new chief executive Nov. 16 (BusinessDesk) – OceanaGold Corp., the owner of the Macraes and Reefton open pit gold mines, has appointed a new chief executive to take over from Paul Bibby, who left the company in early Sept. More >>
Infratil returns to profit on IEA, Greenstone
Tuesday, 16 November 2010, 10:38 am | BusinessDesk
Nov. 16 (BusinessDesk) – Infratil Ltd.'s bottom-line result turned to a $16.1million profit for the six months ended Sept. 30 from a $31.4 million loss a year earlier. More >>
OceanaGold argues for investor re-rating
Tuesday, 16 November 2010, 10:27 am | BusinessDesk
Nov. 16 (BusinessDesk) – OceanaGold Corp. argues investors are undervaluing its portfolio of New Zealand and Filipino gold-mining operations, and is predicting gold production from South Island mines of between 270,000 and 290,000 ounces in the current ... More >>
Stocks to watch: AMP, GPG, IFT, OGC, PRC, PGC
Tuesday, 16 November 2010, 9:44 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 >>
NZ dollar rises as commodities, equities revive
Tuesday, 16 November 2010, 9:27 am | BusinessDesk
Nov. 16 (BusinessDesk) – The New Zealand dollar rose as commodity prices advanced and a solid performance on global equity markets helped support demand for commodity-linked currencies. More >>
Pike River forecasts to be more cautious: new CEO
Monday, 15 November 2010, 4:47 pm | BusinessDesk
Nov. 15 (BusinessDesk) – Pike River Coal Ltd. will abandon its practice of giving best case scenario forecasts for coal production, opting instead for a “range of achievable possibilities,” newly appointed chief executive Peter Whittall told ... More >>
L&M Energy moves to single MD
Monday, 15 November 2010, 3:12 pm | BusinessDesk
L&M Energy moves to single MD Nov. 15 (BusinessDesk) – L&M Energy Ltd. is doing away with its dual managing director structure as it builds its focus on on coal seam gas exploration and production, the company said in a statement to the ... More >>
AMP teams with AXA SA in A$13.3B offer for AXA AP
Monday, 15 November 2010, 2:23 pm | BusinessDesk
Nov. 15 (BusinessDesk) – AMP Ltd., the Australian wealth manager, has teamed up with AXA SA of France for a renewed takeover proposal for Australia’s AXA Asia Pacific Ltd., valuing the target at A$13.3 billion. More >>
NZ Dollar Outlook: Kiwi view mixed
Monday, 15 November 2010, 1:08 pm | BusinessDesk
Nov. 15 (BusinessDesk) - The New Zealand dollar faces a mixed outlook for the week as the market awaits further news on Ireland’s sovereign debt payments, a raft of U.S. economic data and signs of more policy tightening in China. More >>
NZ services grow at slower pace
Monday, 15 November 2010, 12:46 pm | BusinessDesk
Nov. 15 (BusinessDesk) – New Zealand’s service sector has weathered some tough economic news and stressful climatic and environmental impacts during October to continue to remain in expansionary territory. More >>
Pyne Gould plans to distribute its bank shares
Monday, 15 November 2010, 12:20 pm | BusinessDesk
Nov. 15 (BusinessDesk) - Pyne Gould Corp. plans to distribute most of its stake in the proposed South Island bank if the merger proceeds. More >>
WEEKLY SPORTS DIGEST: Black Caps comeback
Monday, 15 November 2010, 11:21 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 >>
GPG's Coats demand improves in second-half
Monday, 15 November 2010, 11:14 am | BusinessDesk
Nov. 15 (BusinessDesk) - Coats' industrial thread demand since June has improved at a lower rate than in the first six months of the year, although it’s significantly better than in 2009, says Ron Brierley's Guinness Peat Group. More >>
ANZ invests A$126 million in Bank of Tianjin
Monday, 15 November 2010, 11:04 am | BusinessDesk
Nov. 15 (BusinessDesk) - Australia and New Zealand Banking Group, which owns the ANZ and National bank brands in New Zealand, says it will invest a further A$126 million (NZ$161 million) in China-based Bank of Tianjin. More >>
AMP stock halted pending statement
Monday, 15 November 2010, 10:23 am | BusinessDesk
Nov. 15 (BusinessDesk) – AMP Ltd., the Australian wealth manager that has resumed takeover talks with AXA Asia Pacific, had its stock halted from trading in New Zealand pending a statement. More >>
Stocks to watch: ALF, DGL, KIP OBV, PPL, SAN, TEL
Monday, 15 November 2010, 9:44 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 >>
NZ dollar falls on Europe, China tightening woes
Monday, 15 November 2010, 9:30 am | BusinessDesk
Nov. 15 (BusinessDesk) - The New Zealand dollar fell as global investors shunned risk on European sovereign debt concerns and the prospect of further policy tightening in China. More >>
World Week Ahead: Data on the radar
Monday, 15 November 2010, 9:02 am | BusinessDesk
World Week Ahead: Data on the radar Nov. 15 (BusinessDesk) - There’s been so much talk lately that it will be a relief for the focus to turn back to data, and this week won’t disappoint. In the U.S., there will be producer price and consumer price ... More >>
