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Tilt slashes carrying value of Australian assets

Article – BusinessDesk

Oct. 19 (BusinessDesk) – Tilt Renewables has slashed the carrying value of its Australian generation assets citing expected lower prices for renewable generation credits and electricity there. Read more »

MARKET CLOSE: NZ shares fall most across Asia

Article – BusinessDesk

Oct. 19 (BusinessDesk) – New Zealand shares fell the most across Asia as Z Energy led the market lower for another day amid rising oil prices, growing competition and the threat of increased regulation. Read more »

NZX holds first Investment in NZ seminar

Article – BusinessDesk

Oct. 19 (BusinessDesk) – The NZX is looking to market its market as part of a refresh that kicked off just under a year ago. Read more »

NZ dollar gains may be short-lived as investor nerves tested

Article – BusinessDesk

Oct. 19 (BusinessDesk) – The 0.8 percent weekly gain the New Zealand dollar is heading for may be short-lived as geopolitical tensions and rising US interest rates heighten market volatility. Read more »

Restaurant Brands takeover offer ‘compelling’, First NZ says

Article – BusinessDesk

Oct. 19 (BusinessDesk) – Finaccess Capital’s $881.5 million offer for three-quarters of Restaurant Brands New Zealand is a compelling price, says First NZ Capital. Read more »

Global Dairy Trade looks to boost liquidity, add new markets

Article – BusinessDesk

Oct. 19 (BusinessDesk) – The Global Dairy Trade platform is looking to boost liquidity, GDT director Eric Hansen told the NZX Global Dairy Seminar in Singapore. Read more »

NZ First urged to block exploration ban

Article – BusinessDesk

Oct. 19 (BusinessDesk) – New Zealand First needs to halt the governments planned ban on new offshore exploration before it can harm the countrys energy security and manufacturing sector, Greymouth Gas says. Read more »

Growing number of migrants pack their bags

Article – BusinessDesk

Oct. 19 (BusinessDesk) – New Zealand’s annual net migration continued to fall from record levels last year as a growing number of migrants pack their bags and leave. Read more »

Ebos tightens grip on Australian chain

Article – BusinessDesk

Oct. 19 (BusinessDesk) – Ebos Group will pay A$50 million to tighten its grip on its Australian retail pharmacy network. Read more »

NZ dollar falls vs yen

Article – BusinessDesk

Oct. 19 (BusinessDesk) – The New Zealand dollar fell against a stronger yen as weaker equity markets and expectations of further US interest rate rises pushed investors toward ‘safe haven’ assets. Read more »

English upbeat about NZ economy, points to headwinds

Article – BusinessDesk

Oct. 19 (BusinessDesk) – Former Prime Minister Bill English remains upbeat about the New Zealand economy despite some headwinds both at home and abroad. Read more »

MARKET CLOSE: NZ shares mixed; Restaurant Brands soars

Article – BusinessDesk

Oct. 18 (BusinessDesk) – New Zealand shares were mixed as a dip by blue-chips Spark New Zealand, A2 Milk and Contact Energy took the sheen off Restaurant Brands New Zealand’s double-digit spike on a takeover bid. Read more »