FMA eyes VMob disclosures on share placement, global deal

Article – BusinessDesk

Jan. 28 (BusinessDesk) – The Financial Markets Authority is looking into disclosures this week by NZAX-listed VMob Group relating to a $2.17 million private share placement announced shortly after a global deal with fast food chain McDonalds. Read more »

Labour’s Little promises to back NZ small business

Article – BusinessDesk

Jan. 28 (BusinessDesk) – Labour Party leader Andrew Little is targeting small business owners as a key plank in dragging down New Zealand’s unemployment rate to the lowest in the developed world in his first major speech as the leader of the Opposition. Read more »

Heartland raises 2015 profit forecast on asset growth

Article – BusinessDesk

Jan. 28 (BusinessDesk) – Heartland New Zealand, the bank formed from the merger of Marac Finance with Southern Cross and Canterbury building societies, raised its 2015 profit forecast on better-than-expected asset growth. Read more »

NZ dollar rises after weak US data ahead of Fed

Article – BusinessDesk

Jan. 28 (BusinessDesk) – The New Zealand dollar rose after weaker US data raised concerns the Federal Reserve may push out plans to raise interest rates this year. Read more »

While you were sleeping: Microsoft, Caterpillar slump

Article – BusinessDesk

Jan. 28 (BusinessDesk) – Equities on both sides of the Atlantic slumped as disappointing corporate results including from Microsoft, Caterpillar and Siemens stoked concern about equity valuations and the impact of slow global economic growth. Read more »

TPP talks could be wrapped up in first-half 2015, Key says

Article – BusinessDesk

Jan. 27 (BusinessDesk) – Prime Minister John Key says the Trans-Pacific Partnership negotiations could be wrapped up in the next six months and put in front of the various parliaments of the 12 nations spanning the Asia Pacific. Read more »

Key to outline social housing strategy in first 2015 speech

Article – BusinessDesk

Jan. 27 (BusinessDesk) – New Zealand Prime Minister John Key will tomorrow outline his government’s plans to overhaul social housing, including the sale of government-owned stock and bringing in community and iwi organisations to expand the number of homes … Read more »

MARKET CLOSE: NZX 50 rises to record again

Article – BusinessDesk

Jan. 27 (BusinessDesk) – New Zealand shares rose, pushing the NZX 50 Index to a record, as low interest rates spurred investors to seek out companies paying reliable dividends such as Meridian Energy. Fisher & Paykel Healthcare gained after the kiwi dollar … Read more »

NZ dollar retreats from 3-year low as FOMC, RBNZ awaited

Article – BusinessDesk

Jan. 27 (BusinessDesk) – The New Zealand dollar rose from a three-year low as traders look ahead to the US Federal Reserve’s policy meeting and a statement from the Reserve Bank to determine support for one of the world’s highest yielding major currencies. Read more »

A2 Milk Co changes requirements for NZ directors

Article – BusinessDesk

Jan. 27 (BusinessDesk) – Shareholders of The A2 Milk Company, the milk marketing company, have approved a new constitution which allows a reduction in the minimum number of New Zealand-resident directors ahead of a planned dual listing on the ASX … Read more »

F&P Appliances subsidiary fined A$200k over warranty claims

Article – BusinessDesk

Jan. 27 (BusinessDesk) – Fisher & Paykel Appliances, the New Zealand whiteware manufacturer owned by China’s Haier, has been fined A$200,000 in relation to marketing of extended warranties in Australia. Read more »

Anzco’s Harrison to fund new Lincoln University chair

Article – BusinessDesk

Jan. 27 (BusinessDesk) – Graeme Harrison, chairman of meat company Anzco Foods, is to fund a new professorial chair in global value chains and trade at Lincoln University, initially for a term of five years. Read more »

NZ lamb wool price rises to 3-year high on increased demand

Article – BusinessDesk

Jan. 27 (BusinessDesk) – New Zealand lamb wool prices rose to a three-year high last week on increased demand for the fibre from clothing manufacturers in China. Read more »

NZ export log prices rise to 9-month high in January

Article – BusinessDesk

NZ export log prices rise to 9-month high in January as Chinese inventories fall Read more »

Spark’s long-term executive Chris Quin to leave in June

Article – BusinessDesk

Jan. 27 (BusinessDesk) – Spark New Zealand head of home, mobile and business Chris Quin, a 20-year veteran of the company and one-time contender for the top job, will leave the telecommunications company at the end of June this year. Read more »

NZ dollar touches fresh 3-year low, dips below 74 US cts

Article – BusinessDesk

NZ dollar touches fresh 3-year low, dips below 74 US cts, ahead of RBNZ meeting Read more »

While you were sleeping: Europe extends ECB advance

Article – BusinessDesk

Jan. 27 (BusinessDesk) – Euro-zone markets rose as investors opted to focus on the improved outlook with the European Central Banks new asset purchase plan rather than Greek voters handing power to the anti-bailout Syriza party. Read more »

MARKET CLOSE: NZX 50 charts new record high, led by Spark

Article – BusinessDesk

Jan. 26 (BusinessDesk) – New Zealand shares rose to a new record close as holidays in Auckland and Australia kept trading volumes light. The gains were led by companies offering relatively high dividend yields, such as Spark New Zealand. Read more »

NZ dollar trades near 3-year low, fails to break below US74c

Article – BusinessDesk

NZ dollar trades near 3-year low after failing to break below 74 US cents Read more »

VMob raises $2.17 mln, signs McDonald’s deal, shares soar

Article – BusinessDesk

Jan. 26 (BusinessDesk) – VMob, the NZAX-listed mobile voucher developer formerly known as VoucherMob, raised $2.17 million to help fund its global growth aspirations, and separately signed a worldwide deal with McDonald’s rolling out its platform immediately … Read more »