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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 989]
Christchurch rebuild fraud not as bad as predicted: Tolley
Wednesday, 4 June 2014, 2:32 pm | BusinessDesk
June 4 (BusinessDesk) - A proliferation of fraud in Christchurch, predicted by the Serious Fraud Office, hasn't eventuated, says Anne Tolley, the minister responsible for the white collar crime investigator. More >>
Green Cross Health shares jump 6.9%, adding to profit gains
Wednesday, 4 June 2014, 1:53 pm | BusinessDesk
June 4 (BusinessDesk) - Green Cross Health, which changed its name from Pharmacy Brands this year to coincide with an expansion into the primary health sector, is the biggest gainer on the NZX All Ordinaries Index today as the company's earnings ... More >>
NZ commodity prices fall for 3rd month, led by dairy
Wednesday, 4 June 2014, 1:24 pm | BusinessDesk
June 4 (BusinessDesk) - New Zealand commodity prices fell for a third month in May, led by dairy products in the wake of a slide in world prices this year. More >>
Environmental watchdog gives fracking final tick
Wednesday, 4 June 2014, 1:02 pm | BusinessDesk
June 4 (BusinessDesk) - The Parliamentary Commissioner for the Environment has given a guarded final clearance for hydraulic fracturing, confirming her 2012 report that there are sufficient environmental safeguards, while calling for a National Policy ... More >>
Fonterra's Muller leaves to contest elections for National
Wednesday, 4 June 2014, 12:00 pm | BusinessDesk
June 4 (BusinessDesk) - Fonterra Cooperative Group director of cooperative affairs Todd Muller will leave the dairy company this week to focus on campaigning for the general election in September after being selected as the National Party candidate ... More >>
NZ house building grows at fastest quarterly pace since 2002
Wednesday, 4 June 2014, 11:53 am | BusinessDesk
June 4 (BusinessDesk) - New Zealand house building activity grew at its fastest pace in almost 12 years in the first quarter as construction ramped up to rebuild the country's second-biggest city and fill a housing shortage in Auckland. More >>
Northland Port to buy neighbouring marina for $6.95 million
Wednesday, 4 June 2014, 9:49 am | BusinessDesk
Jun. 4 (BusinessDesk) - Northland Port Corp, which owns half of the Whangarei port operating company, plans to buy the neighbouring marina and commercial complex for $6.95 million, which it intends to develop in stages. More >>
Steel & Tube censured over 2009 disclosure breach
Wednesday, 4 June 2014, 8:59 am | BusinessDesk
Jun. 4 (BusinessDesk) - Steel & Tube Holdings, which manufacturers steel building products, has been censured by the stock exchange's NZ Markets Disciplinary Tribunal after it failed to vote on the election of a director in 2009. More >>
NZ dollar falls to 3-month low after dairy prices drop
Wednesday, 4 June 2014, 8:51 am | BusinessDesk
Jun. 4 (BusinessDesk) - The New Zealand dollar touched a fresh three-month low following a drop in dairy prices at Fonterra Cooperative Group's latest GlobalDairyTrade auction, making it the worst performing major currency overnight. More >>
While you were sleeping: Krispy Kreme melts
Wednesday, 4 June 2014, 7:22 am | BusinessDesk
June 4 (BusinessDesk) – Wall Street slid from record highs as investors paused before the European Central Bank is expected to announce additional stimulus measures on Thursday and the release of the latest US jobs data on Friday. More >>
Dairy product prices drop, falling 4.2%
Wednesday, 4 June 2014, 7:10 am | BusinessDesk
June 4 (BusinessDesk) - Dairy product prices continued their drop to the lowest level since February 2013 in the latest GlobalDairyTrade auction, paced by rennet casein and whole milk powder. More >>
NZ dollar gains from 3-month low before Australian GDP, MPS
Tuesday, 3 June 2014, 5:51 pm | BusinessDesk
June 3 (BusinessDesk) - The New Zealand dollar gained from a three-month low on speculation the kiwi will benefit along with the Australian dollar from what is expected to be stronger Australian economic growth data tomorrow. More >>
MARKET CLOSE: NZ shares drop; Pacific Edge falls for 7th day
Tuesday, 3 June 2014, 5:45 pm | BusinessDesk
June 3 (BusinessDesk) - New Zealand shares fell as Pacific Edge extended its slide for the seventh day on concern sales growth won't translate to earnings any time soon, while Kathmandu led a decline among retailers after weak Australian data and ... More >>
Reserve Bank of Australia keeps key rate at 2.5%
Tuesday, 3 June 2014, 5:03 pm | BusinessDesk
Reserve Bank of Australia keeps key rate at 2.5%, signs of growth won't stir inflation More >>
Feltex defendants knew of sales shortfall before IPO
Tuesday, 3 June 2014, 3:59 pm | BusinessDesk
Jun. 3 (BusinessDesk) - Defendants in the Feltex Carpets case knew sales were behind prospectus forecasts and should have halted the sale before shares were allotted in the failed company's 2004 initial public offering, the lawyer for plaintiff Eric ... More >>
NZ terms of trade edges closer to all-time high
Tuesday, 3 June 2014, 11:37 am | BusinessDesk
June 3 (BusinessDesk) - New Zealand’s terms of trade edged closer to an all-time high in the first quarter as dairy products led a gain in export prices and petroleum products led import prices lower. More >>
NZOG spuds in at Oi, seeking extended life for Tui
Tuesday, 3 June 2014, 10:09 am | BusinessDesk
June 3 (BusinessDesk) - New Zealand Oil & Gas has started drilling in the Oi prospect in its latest play to extend the life of offshore infrastructure that is servicing the declining Tui oil field. More >>
Scales mulls mid-July NZX debut
Tuesday, 3 June 2014, 9:39 am | BusinessDesk
June 3 (BusinessDesk) - Scales Corp, the fruit and vegetables logistics group controlled by private equity firm Direct Capital, says it is considering listing on the New Zealand stock exchange. More >>
Postie Plus appoints administrator after bank pulls support
Tuesday, 3 June 2014, 8:56 am | BusinessDesk
June 3 (BusinessDesk) - Postie Plus, the worst performing stock on the New Zealand stock market, has appointed administrators after its lenders withdrew support as the company continued to make ongoing losses. More >>
NZ dollar falls to 3-month low as investors trim rate bets
Tuesday, 3 June 2014, 8:55 am | BusinessDesk
NZ dollar falls to 3-month low as investors pull back bets on rate hikes More >>
