Martin Jetpack reviews ASX listing as Chinese investor commi

Article – BusinessDesk

Dec. 19 (BusinessDesk) – New Zealand jetpack maker, Martin Aircraft Co, has secured more than twice the $25 million funding it has been seeking in a proposed initial public offering on the Australian Stock Exchange to commercialise its single person … Read more »

MARKET CLOSE: NZ shares follow global rally, led by Fletcher

Article – BusinessDesk

Dec. 19 (BusinessDesk) – New Zealand shares joined in a global rally which started on Wall Street and continued into Asia, paced by firms with substantial trans-Tasman business including Fletcher Building, TrustPower and Ebos Group. Read more »

NZ dollar at 11-month high vs. Aussie dollar

Article – BusinessDesk

Dec. 19 (BusinessDesk) – The New Zealand dollar rose to an 11-month high against its trans-Tasman counterpart as investors weigh up the competing attempts by the neighbouring central banks try and talk their respective currencies lower in a market … Read more »

Auckland convention centre cost jumps by a fifth

Article – BusinessDesk

Dec. 19 (BusinessDesk) – SkyCity Entertainment Group, the casino and hotel operator, is in talks with the government on how to fund the increased cost of as much as $130 million to build an international convention centre in downtown Auckland, with further … Read more »

Tweaked Connor bid clears Acurity takeover

Article – BusinessDesk

Dec. 19 (BusinessDesk) – The Commerce Commission has signed off a takeover bid for Acurity Health Group by its three biggest shareholders after tweaks to the holding company ownership structure soothed the competition regulator’s concerns the deal … Read more »

Flavell to push law review to drive Maori agribusiness

Article – BusinessDesk

Dec. 19 (BusinessDesk) – Maori Development Minister Te Ururoa Flavell expects to table legislation in the second half of next year to make it easier for Maori land owners to make decisions on land use in an effort to drive agricultural business … Read more »

US start-up accelerator Y Combinator invests in GlassJar

Article – BusinessDesk

Dec. 19 (BusinessDesk) – US start-up accelerator Y Combinator is investing in kiwi software start-up GlassJar which provides people an easy way of managing their flat finances. Read more »

NZ business confidence eases in December, still buoyant

Article – BusinessDesk

Dec. 19 (BusinessDesk) – New Zealand business confidence slipped in December, while staying largely upbeat, as inflation remains tame in spite of a growing economy and exporters see improving times ahead. Read more »

Immigration rises to a fresh annual record

Article – BusinessDesk

Dec. 19 (BusinessDesk) – New Zealand’s annual migration rose to a record for the fourth consecutive month in November, led by fewer kiwis crossing the Tasman, more returning from Australia, and a sharply rising number of student arrivals from India. Read more »

Job ads trending down, says ANZ survey

Article – BusinessDesk

Dec. 19 (BusinessDesk) – Total job advertising has taken an end-of-year dip, falling 0.1 per cent in November after seasonal adjustments, following a 0.3 percent drop the previous month, according to the ANZ Job Ads index. Read more »

Steel & Tube mulls position on Lewis Holdings judgment

Article – BusinessDesk

Dec. 19 (BusinessDesk) – Steel & Tube Holdings is considering its legal position after an interim judgment found in favour of Lewis Holdings’ $1.75 million claim over a disputed lease contract. Read more »

UK pension service Britannia ‘pauses’ TV ads on FMA warning

Article – BusinessDesk

Dec. 19 (BusinessDesk) – Britannia Financial Services, a UK pension transfer agency whose advertisements feature “financial motivator” Brendon Johnson, has tweaked its website and paused television advertising after the Financial Markets … Read more »

Xero’s former chief revenue officer moves to Trade Me

Article – BusinessDesk

Dec. 19 (BusinessDesk) – Stuart McLean will join the executive team at Trade Me Group, the online auction site, after Xero, the cloud-based accounting firm, ditched his former role as chief revenue officer. Read more »

ComCom pushes out final decision on Chorus copper pricing

Article – BusinessDesk

Dec. 19 (BusinessDesk) – The Commerce Commission has pushed out the timeline for a final decision on what price Chorus can charge on its copper line network as it deals with a large amount of complex information, and said its initial view is that … Read more »

NZ dollar edges up as Swiss rates go negative

Article – BusinessDesk

Dec. 19 (BusinessDesk) – The New Zealand dollar edged up after the Swiss National Bank imposed negative deposit rates in a bid to keep a cap on the nation’s currency, leaving Australasian nations as relatively safe places for investors to park their … Read more »

While you were sleeping: Global equities surge

Article – BusinessDesk

Dec. 19 (BusinessDesk) – Equities extended Wednesdays rally on Federal Reserve Chair Janet Yellens promise to be patient with interest rates, bolstered by data showing the US economy continues to accelerate. Read more »

MARKET CLOSE: NZ shares rose on oil relief; Air NZ gains

Article – BusinessDesk

Dec. 18 (BusinessDesk) – New Zealand shares rose, led by OceanaGold Corp and Air New Zealand following a global rally as a rebound in oil prices and positive statements from the US Federal Reserve gave investors hope for the international economy. Arvida … Read more »

Finzsoft shareholder Rubik to consider takeover

Article – BusinessDesk

Dec. 18 (BusinessDesk) – Finzsoft Solutions shareholder Rubik Financial will consider a $3 per share takeover offer by the New Zealand software developer’s chief executive Andrew Holliday and Singaporean tech firm Silverlake Axis, once it has more information. Read more »

NZ dollar dips as GDP growth revised down, Fed eyes rates

Article – BusinessDesk

Dec. 18 (BusinessDesk) – The New Zealand dollar dipped after the country’s pace of economic growth was revised down, though continued to beat expectations, and as the Federal Reserve gets closer to making a call on whether to hike interest rates. Read more »

FMA warns of UK pension scheme transfer scare-mongering

Article – BusinessDesk

Dec. 18 (BusinessDesk) – The Financial Markets Authority is warning against misleading advertising about transferring UK pension scheme entitlements to New Zealand to avoid incoming tax and legislation charges. Read more »