NZD falls vs yen on low Bank of Japan stimulus

Article – BusinessDesk

The New Zealand dollar fell against the yen after the Bank of Japan announced additional monetary stimulus measures that were more modest than some in the market were expecting, driving up its currency. Read more »

Fletcher trims $12 mln from slimmed down Higgins acquisition

Article – BusinessDesk

Fletcher Building paid $12 million below the flagged purchase price to buy rival construction company Higgins Group Holdings after dropping Horokiwi Quarries from its application to reduce its dominance in the aggregates market. Read more »

Moa stresses it has no undisclosed plans

Article – BusinessDesk

July 29 (BusinessDesk) – Shareholders of NZX-listed beer-maker Moa Breweries have been assured again that the company has no “specific plans for corporate activity to talk about”. Read more »

Kingfish’s Fisher warns of lower returns

Article – BusinessDesk

July 29 (BusinessDesk) – Fisher Funds sounded a note of caution to shareholders in the listed Kingfish investment firm it manages, that returns this financial year are likely to be lower than the previous year, particularly if any companies report … Read more »

Investors press NZOG to resume dividends

Article – BusinessDesk

July 29 (BusinessDesk) – Investors in New Zealand Oil & Gas are pressing the company to resume paying dividends now that it is profitable again and generating imputation credits. Read more »

NZ business confidence dips in June

Article – BusinessDesk

July 29 (BusinessDesk) – New Zealand business confidence dropped in July, a movement ANZ New Zealand economists said was largely seasonal, as construction remained positive while residential investment intentions surged. Read more »

Statistics NZ delays June household labour force survey

Article – BusinessDesk

July 29 (BusinessDesk) – Statistics New Zealand will delay publishing the household labour force survey by two weeks to ensure the report meets standards after it modified the series this year. Read more »

Bethunes signals capital raise will come with investment

Article – BusinessDesk

July 29 (BusinessDesk) – Bethunes Investments, formerly known as Mowbray Collectables, will look to raise new capital if it can successfully find an investment opportunity to execute. Read more »

Todd to sell 20% stake in former gold mine land

Article – BusinessDesk

July 29 (BusinessDesk) – Todd Corp has gained approval to sell its 20 percent stake in the Golden Cross joint venture, which ran a gold mine in Waikino until 1997, to Coeur Gold, its former partner in the project. Read more »

NZ wool prices gain at auction

Article – BusinessDesk

July 29 (BusinessDesk) – New Zealand wool prices gained at yesterday’s South Island auction on increased demand and a wide selection of wool on offer. Read more »

NZ residential building consents highest in 10 years

Article – BusinessDesk

July 29 (BusinessDesk) – New Zealand residential building consents reached their highest annual total in more than a decade, driven by activity in Auckland and surrounding regions. Read more »

Mainfreight’s Plested gives recipe for NZ

Article – BusinessDesk

Mainfreight’s Plested gives recipe for NZ including capital gains tax, performance pay for teachers Read more »

Veritas says earnings fell within guidance

Article – BusinessDesk

July 29 (BusinessDesk) – Veritas Investments says annual earnings declined as expected and it will provide more detail of how its three food and beverage businesses are tracking when it formally reports next month. Read more »

Carter Holt loses bid to toss out huge leaky schools suit

Article – BusinessDesk

July 29 (BusinessDesk) – Carter Holt Harvey has lost its final bid to throw out a claim that it’s liable for the cost of fixing about 890 leaky schools, with the Supreme Court siding with the Ministry of Education. Read more »

OceanaGold first-half profit almost triples

Article – BusinessDesk

July 29 (BusinessDesk) – OceanaGold posted a 174 percent gain in first-half profit, reflecting a recovery in the price of gold and increased production that reflected the contribution from the Waihi mine acquired last year. Read more »

NZ dollar dips below 71 US cts

Article – BusinessDesk

NZ dollar dips below 71 US cts as investors eye more Bank of Japan stimulus Read more »

While you were sleeping: Ford Motor drops

Article – BusinessDesk

July 29 (BusinessDesk) – Wall Street was mixed amid disappointing earnings from Ford Motor and better-than-expected results from Facebook. Read more »

Westland Milk names former Danone executive as CEO

Article – BusinessDesk

July 28 (BusinessDesk) – Westland Milk Products, the Hokitika-based dairy cooperative, has appointed Toni Brendish as its new chief executive. Read more »

Hart’s wealth falls but he retains top spot

Article – BusinessDesk

Hart’s wealth falls but he retains top spot in NBR’s 30th anniversary rich list Read more »

Energy Mad hails ‘turning of the corner’ at AGM

Article – BusinessDesk

July 28 (BusinessDesk) – Energy Mad, the energy efficient light-bulb maker, says it made an unaudited operating profit of $348,000 in the first three months of its financial year 2017, hailing a modest “turning of the corner” as it focuses on meeting … Read more »