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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 1655]
Telecom could ‘co-exist’ with rival UFB network
Thursday, 30 September 2010, 12:31 pm | BusinessDesk
Sept. 30 (BusinessDesk) – Telecom Corp. is prepared to “co-exist” with a state-funded fibre network after its plans to partner with the government took a knock earlier this month. More >>
Tumbling NZ building consents highlight weak spot
Thursday, 30 September 2010, 11:50 am | BusinessDesk
Sept. 30 (BusinessDesk) - New Zealand’s building consents tumbled last month, adding to evidence that the household sector remains in a funk and ensuring the central bank won’t rush to hike interest rates. More >>
Dryden Spring retires from Fletcher Building board
Thursday, 30 September 2010, 11:06 am | BusinessDesk
Sept. 30 (BusinessDesk) – Noted New Zealand dairy and corporate veteran Dryden Spring retires today as a non-executive director at Fletcher Building Ltd., the country’s biggest construction company. More >>
NZ's Aaa credit rating supported by low govt debt
Thursday, 30 September 2010, 10:41 am | BusinessDesk
Sept. 30 (BusinessDesk) - New Zealand’s Aaa credit rating is underpinned by the nation’s relatively low level of public debt and likelihood that a government of any hue will maintain fiscal and monetary discipline, says Moody’s Investors Service. More >>
Onshore Taranaki oil discovery for Tag
Thursday, 30 September 2010, 9:59 am | BusinessDesk
Sept. 30 (BusinessDesk) – Tag Oil Ltd., a listed Canadian exploration company, has found commercial quantities of oil exceeding expectations in its 100%-owned onshore Broadside exploration permit, PEP 38748, in the Mt Messenger region north of New ... More >>
NZ dollar heads for first quarterly gain in year
Thursday, 30 September 2010, 9:53 am | BusinessDesk
Sept. 30 (BusinessDesk) – The New Zealand dollar is heading for a gain of almost 8% for the third quarter, as the friendless greenback sinks amid speculation the Federal Reserve plans more quantitative easing. More >>
Stocks to watch: AIA, ALF, NAP, PPG, PLU, SAN, SCY
Thursday, 30 September 2010, 9:42 am | BusinessDesk
Sept. 27 (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 >>
National Property trims dividend forecast
Wednesday, 29 September 2010, 5:04 pm | BusinessDesk
Sept. 29 (BusinessDesk) - National Property Trust, which plans to dump its manager and become a regular company, said a challenging leasing market means its dividend payment will be lower than forecast. More >>
UBNZ gets in deeper with Genesis Research
Wednesday, 29 September 2010, 3:50 pm | BusinessDesk
Sept. 29 (BusinessDesk) – Would-be Crafar farms buyer, UBNZ Funds Management Ltd., is pushing towards 25% control of troubled bio-tech company Genesis Research & Development Corp., according to the company’s half year report to June 30, released ... More >>
Allied Farmers sells loan, repays Westpac
Wednesday, 29 September 2010, 12:10 pm | BusinessDesk
Sept. 29 (BusinessDesk) – Allied Farmers Ltd. has sold a former Hanover Finance loan to an undisclosed party, allowing the company to complete repayment of its facility with Westpac Banking Corp. More >>
NZ trade deficit shrinks on milk powder exports
Wednesday, 29 September 2010, 11:38 am | BusinessDesk
Sept. 29 (BusinessDesk) – New Zealand’s trade deficit shrank last month as a 38% surge in offshore dairy sales led gains in the nation’s exports. More >>
Abano flags capital return on sale of NHC
Wednesday, 29 September 2010, 9:44 am | BusinessDesk
Sept. 29 (BusinessDesk) – Abano Healthcare, the specialist health clinic investor, is mulling options to return capital to shareholders after making a profit on the sale of its stake in Australia’s National Hearing Care. More >>
Stocks to watch: ABA, APT, NEW, NZS, NZR, NWF, PPL
Wednesday, 29 September 2010, 9:39 am | BusinessDesk
Sept. 29 (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 gains against “no mates” greenback
Wednesday, 29 September 2010, 9:27 am | BusinessDesk
by Paul McBeth Sept. 29 (BusinessDesk) – The New Zealand dollar gained amid speculation the U.S. Federal Reserve will embark on its second round of buying Treasuries and mortgage-backed securities in November, sapping investors’ appetite for the greenback. More >>
Yellow Pages sale falters
Tuesday, 28 September 2010, 4:12 pm | BusinessDesk
Sept. 28 (BusinessDesk) – Yellow Pages Group, which was sold by Telecom Corp. three years ago for some $2.24 billion, has been taken off the market. The company decided against pursuing the sale, saying the current economic climate wasn’t suited to ... More >>
Serepisos pays ACC levies after legal threat
Tuesday, 28 September 2010, 2:52 pm | BusinessDesk
Sept. 28 (BusinessDesk) – Terry Serepisos, the backer of the Wellington Phoenix football team, forked out $261,000 in unpaid levies to the Accident Compensation Corp. after the government insurance scheme threatened to call in the liquidators. More >>
Contact CEO’s bonus up despite performance fall
Tuesday, 28 September 2010, 2:10 pm | BusinessDesk
Sept. 28 (BusinessDesk) – Contact Energy Ltd.’s managing director, David Baldwin, saw his cash bonus bounce back to the second highest since his appointment in 2006, despite the NZX-listed electricity generator-retailer showing the second-lowest return ... More >>
AMP Office manager still gets big fee, report says
Tuesday, 28 September 2010, 1:28 pm | BusinessDesk
Sept. 28 (BusinessDesk) - AMP NZ Office Trust, the listed property investor looking to restructure itself into a company, won chequered approval for its transformation from independent adviser KordaMentha, which flagged the manager’s fee as still ... More >>
Regulator to focus on price for mobile termination
Tuesday, 28 September 2010, 10:57 am | BusinessDesk
Sept. 28 (BusinessDesk) – The Commerce Commission wants to stick to price regulation over mobile termination rates as it prepares to hold a workshop on the issue next week. More >>
Stocks to watch: AIR, ECO, HGL, KMD, NZS, TUR
Tuesday, 28 September 2010, 9:37 am | BusinessDesk
Sept. 28 (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 >>
