- MARKET CLOSE: NZ shares fall; Sky TV down on regulator probe BusinessDesk - 14 hours ago
May 16 (BusinessDesk) - New Zealand shares fell, led by the News Corp-controlled Sky Network Television after the regulator said it will investigate the pay-TV company's content deals with internet service ...
- AWF FY profit falls 23% on goodwill writedown, sales gain BusinessDesk - 14 hours ago
May 16 (BusinessDesk) - AWF Group, the contract labour company, reported a 23 percent fall in net profit as it wrote down the value of its goodwill, even as it lifted sales by 19 percent.
- Wellington Drive sees profit in 2013, first since listing BusinessDesk - 14 hours ago
May 16 (BusinessDesk) - Wellington Drive Technologies is forecasting a profit in 2013, the first since listing on the NZX in 2001, as its turnaround cost cutting drive starts to widen the margin on sales ...
- NZ dollar falls to 4 1/2 mth low on talk of Greek euro exit BusinessDesk - 15 hours ago
NZ dollar falls to 4 1/2 mth low amid concerns Greece will give up the euro
- MediaWorks joins queue of Igloo critics BusinessDesk - 16 hours ago
May 16 (BusinessDesk) - A tie-up between pay-TV operator Sky Network Television and state-owned Television New Zealand will hamper competition in the pay-TV market and undermine free-to-air broadcasters, ...
- Oyang 77 captain, manager charged in NZ over fish dumping BusinessDesk - 18 hours ago
May 16 (BusinessDesk) - The skipper and factory manager of the Oyang 77, a fishing vessel part-owned by South Korea’s biggest fishing company, will face 13 charges of misreporting and illegal dumping of ...
- Quickflix welcomes probe of Sky TV content deals BusinessDesk - 19 hours ago
Quickflix welcomes probe of Sky TV content deals it says freeze out rivals By Paul McBeth
- Kiwi Income has $89.2M profit, distributable income up 4.2% BusinessDesk - 20 hours ago
May 16 (BusinessDesk) - Kiwi Income Property Trust's manager said the property investor turned to an $89.2 million annual net profit from a $26.4 million loss, reflecting the insurance payout on its PricewaterhouseCoopers ...
- MIDDAY UPDATE: Regulator probes Sky TV content deals BusinessDesk - 20 hours ago
May 16 (BusinessDesk) – The Commerce Commission has launched a probe into Sky Network Television’s content contracts with internet service providers that may be hindering competition in New Zealand’s pay-TV ...
- Smokes, booze and property tax breaks prime Budget targets BusinessDesk - 21 hours ago
May 15 (BusinessDesk) – Finance Minister Bill English may hike the excise on tobacco and alcohol and further tighten rules on property investment to help bridge the $640 million shortfall in his pledge ...
- Hannah on SMEs: It's lonely at the top BusinessDesk - 22 hours ago
May 15 (BusinessDesk) - Small business owners know all about being lonely. It’s an isolating position to be in once the excitement of being your own boss wears off. Yes, you pick your own hours, bringing ...
- ANZ Bank to invest A$300 mln in China to expand network BusinessDesk - 22 hours ago
May 16 (BusinessDesk) - Australia and New Zealand Banking Group, Australia's third-largest lender, plans to invest A$300 million to expand its branch network and increase lending in China, the world's ...
- Dairy product prices drop to new 3-year low in Fonterra’s GDT auction BusinessDesk - 22 hours ago
May 16 (BusinessDesk) — Prices of dairy products fell for the third straight sale in Fonterra Cooperative Group's GlobalDairyTrade auction, reaching a new three-year low as China's slowdown and euro-zone ...
- Regulator probes Sky TV content contracts, approves Igloo JV BusinessDesk - 23 hours ago
NZ regulator launches probe into Sky TV content contracts, gives thumbs up to Igloo JV
- NZ dollar drops as Greece calls new poll, dairy prices fall BusinessDesk - 23 hours ago
May 16 (BusinessDesk) - The New Zealand dollar fell 1 US cent after Greek politicians called for new elections after crisis talks failed and dairy product prices declined for the third straight sale in ...
- While you were sleeping: Worries on euro risk BusinessDesk - Wed, May 16, 2012 6:42 AM NZST
May 16 (BusinessDesk) - Wall Street struggled after Greece called for a new election following politicians' failure to form a government, even as American data provided good news on the US economy. The ...
- MARKET CLOSE: NZ shares fall; OceanaGold drops with gold BusinessDesk - Tue, May 15, 2012 4:59 PM NZST
May 15 (BusinessDesk) - New Zealand shares fell, led by OceanaGold, which fell to the lowest level in more than two years as the price of gold weakened. Port of Tauranga and Ryman Healthcare paced the ...
- Rebstock to head panel assessing actuarial value of welfare BusinessDesk - Tue, May 15, 2012 4:35 PM NZST
May 15 (BusinessDesk) - Former Commerce Commission chair Paula Rebstock will head a new panel tasked with overseeing the actuarial valuation of New Zealand's long-term welfare liabilities.
- NZ dollar may rise as Facebook euphoria stokes risk appetite BusinessDesk - Tue, May 15, 2012 4:29 PM NZST
May 15 (BusinessDesk) - The New Zealand dollar may rise over the next couple of days as reports that Facebook 's initial public offering closed before its official Friday launch stokes investor appetite ...
- NZ farm sales set to fall as stellar season ends, REINZ says BusinessDesk - Tue, May 15, 2012 3:40 PM NZST
NZ farm sales set to fall as stellar season comes to an end, REINZ says
- NZ electioneering puts TVNZ at 'commercial disadvantage' BusinessDesk - Tue, May 15, 2012 1:06 PM NZST
May 15 (BusinessDesk) - State-owned broadcaster Television New Zealand wants to ditch its legislated obligation to provide an advertising platform in the lead-up to a general election, saying the low-rating ...
- Harley woos kiwi women even as NZ sales of big bikes fall BusinessDesk - Tue, May 15, 2012 1:04 PM NZST
May 8 (BusinessDesk) - Harley-Davidson, the US motorcycle company founded in 1903, has doubled sales to kiwi women in the past three years even as the nation’s overall market for big bikes has shrunk.
- MIDDAY UPDATE: Pacific Brands ends takeover talks BusinessDesk - Tue, May 15, 2012 11:00 AM NZST
May 15 (BusinessDesk) - Pacific Brands, which wrote down its ailing underwear business by A$388.7 million in February, has ended takeover talks with at least two prospective suitors.
- Pacific Brands ends takeover talks, affirms guidance BusinessDesk - Tue, May 15, 2012 10:48 AM NZST
May 15 (BusinessDesk) - Pacific Brands, which wrote down its ailing underwear business by A$388.7 million in February, has backed away from a takeover bid after holding early talks with at least two prospective ...
- PwC pair turned down as Wire By Design liquidators BusinessDesk - Tue, May 15, 2012 10:07 AM NZST
May 15 (BusinessDesk) – Colin McCloy and Craig Sanson of accounting firm PwC have been turned down as liquidators of Auckland engineering company Wire By Design because of their role in winding up a related ...
- Infratil boosts dividend as full-year earnings beat forecast BusinessDesk - Tue, May 15, 2012 9:48 AM NZST
May 15 (BusinessDesk) - Infratil, the infrastructure investment firm whose founder Lloyd Morrison died this year, lifted its full-year dividend after earnings beat expectations.
- Elliott leaving Contact for Origin role BusinessDesk - Tue, May 15, 2012 9:38 AM NZST
May 15 (BusinessDesk) - Contact Energy, the biggest power company on the NZX 50, said chief financial officer Mark Elliott has resigned to take up a job with Australian parent Origin Energy.
- NZ dollar falls to 5-month low in face of Greek impasse BusinessDesk - Tue, May 15, 2012 9:33 AM NZST
May 15 (BusinessDesk) - The New Zealand dollar fell to a five-month low as Greek politicians struggled to form a new government, heightening speculation the nation may leave the euro region and sapping ...
- NZ house price expectations jump in face of low rates, supply: ASB BusinessDesk - Tue, May 15, 2012 8:46 AM NZST
May 14 (BusinessDesk) — New Zealand house price expectations have jumped in the face low borrowing costs and a supply shortage, according to an ASB survey. A net 45 percent of respondents expect house ...
- RESEND: NZ tourism sector asks Key to challenge Aussie tax BusinessDesk - Tue, May 15, 2012 8:27 AM NZST
May 15 (BusinessDesk) – New Zealand’s tourism industry lobby has called on Prime Minister John Key to challenge a 17 percent hike in departure taxes in Australia, the nation’s biggest source of overseas ...
- NZ tourism sector asks Key to challenge Aussie departure tax BusinessDesk - Tue, May 15, 2012 8:23 AM NZST
May 10 (BusinessDesk) – New Zealand’s tourism industry lobby has called on Prime Minister John Key to challenge a 17 percent hike in departure taxes in Australia, the nation’s biggest source of overseas ...
- While you were sleeping: Greek crisis frays nerves BusinessDesk - Tue, May 15, 2012 6:38 AM NZST
May 15 (BusinessDesk) - The stalemate in Greece continued, with political parties still unable to reach agreement on forming a new government, keeping alive concern that the debt-laden country might fracture ...
- MARKET CLOSE: NZ stocks rise, Fletcher leads as Aust$ falls BusinessDesk - Mon, May 14, 2012 5:19 PM NZST
May 14 (BusinessDesk) – New Zealand shares rose, led by Fletcher Building on optimism a falling Australian dollar will stir demand in the company's second-largest market. Telecom and NZX paced the advance....
- NZ dollar falls, Australian currency dips below USD parity BusinessDesk - Mon, May 14, 2012 4:45 PM NZST
May 14 (BusinessDesk) - The New Zealand dollar fell in local trading and the Australian dollar briefly dipped below parity with the greenback for the first time since December amid growing concerns Greece ...
- Dimension Data paid $64M for Integral, doubling sales BusinessDesk - Mon, May 14, 2012 1:22 PM NZST
May 14 (BusinessDesk) – The New Zealand unit of UK IT services company Dimension Data spent $64 million acquiring Integral Technology Group, allowing it to double sales last year, its accounts show.