Complectus continues buying spree with Foundation Corporate

Article – BusinessDesk

Aug. 4 (BusinessDesk) – Complectus, which owns trustee firm Perpetual Guardian, has continued its buying spree with the purchase of Foundation Corporate Trust, which it plans to integrate into its recently acquired Covenant Trustee Services. Read more »

NZ wool exports jump to the highest in more than a decade

Article – BusinessDesk

NZ wool exports jump to the highest in more than a decade in June, helped by low kiwi, Chinese demand Read more »

Affco workers vote to strike

Article – BusinessDesk

Affco workers vote to strike after meat company became first to apply under new bargaining laws Read more »

Payday for Contact senior managers triggered by Origin exit

Article – BusinessDesk

Aug. 4 (BusinessDesk) – Contact Energy’s senior management team is set to benefit to the tune of almost $3.8 million from today’s announcement of the exit by its 53 percent shareholder Origin Energy. Read more »

NZ commodity prices post biggest monthly decline on record

Article – BusinessDesk

Aug. 4 (BusinessDesk) – New Zealand commodity prices fell at their fastest pace on record in July, notching up a fourth straight month of declines to the lowest level in almost six years, led by dairy. Read more »

NZ commodity prices post biggest monthly decline on record

Article – BusinessDesk

Aug. 4 (BusinessDesk) – New Zealand commodity prices fell at their fastest pace on record in July, notching up a fourth straight month of declines to the lowest level in almost six years, led by dairy. Read more »

Suncorp’s NZ business boosts earnings on reduced claims

Article – BusinessDesk

Aug. 4 (BusinessDesk) – Suncorp Group, the ASX-listed general and life insurer whose local brands include Vero, AA Insurance and Asteron Life, lifted annual earnings from its New Zealand businesses as the company benefited from fewer claims in the … Read more »

House prices rise at fastest pace in 8 years, Auckland leads

Article – BusinessDesk

Aug. 4 (BusinessDesk) – New Zealand residential property values rose at the fastest pace in eight years in July, driven by the overheated Auckland housing market, and are now about 27 percent above the previous market peak in late 2007, according to … Read more »

Carbon Conscious falls foul of NZ foreign investor rules

Article – BusinessDesk

Aug. 4 (BusinessDesk) – ASX-listed carbon emissions abatement firm Carbon Conscious has fallen foul of the New Zealand Overseas Investment Office for using a New Zealand company to invest in sensitive rural land to speed up its plans to plant trees on … Read more »

NZ banks strong enough to weather downturn, dairy slump

Article – BusinessDesk

Aug. 4 (BusinessDesk) – New Zealand’s lenders are in a strong enough position to weather slowing economic growth over the next year-and-a-half, while slumping dairy prices aren’t expected to pose as big a threat as they did in 2009, says Moody’s … Read more »

NZ banks strong enough to weather downturn, dairy slump

Article – BusinessDesk

Aug. 4 (BusinessDesk) – New Zealand’s lenders are in a strong enough position to weather slowing economic growth over the next year-and-a-half, while slumping dairy prices aren’t expected to pose as big a threat as they did in 2009, says Moody’s … Read more »

Tourism Holdings to stay listed, seeks acquisitions

Article – BusinessDesk

Aug. 4 (BusinessDesk) – Tourism Holdings, the campervan rental company, will remain listed and says it has the balance sheet strength to take on debt to fund acquisitions. Read more »

ComCom warns of false billing by serial German fraudster

Article – BusinessDesk

Aug. 4 (BusinessDesk) – The Commerce Commission is warning small business owners to avoid a postal invoicing scam by a German company operating the Corporate Portal New Zealand website, which has fooled a number of kiwi companies. Read more »

VMob delays planned ASX listing

Article – BusinessDesk

Aug. 4 (BusinessDesk) – VMob, the NZAX-listed mobile technology company, says it has delayed a planned listing on the ASX because of on-going commercial negotiations and so management can focus on current sales momentum. Read more »

NZ new vehicle sales slowing in line with weaker economy

Article – BusinessDesk

Aug. 4 (BusinessDesk) – New Zealand vehicle sales are slowing, in line with weaker economic growth, as demand for commercial vehicles declines. Read more »

Origin exits Contact for $1.8B, ending foreign control era

Article – BusinessDesk

Aug. 4 (BusinessDesk) – Contact Energy will become an independently governed company for the first time since privatisation in 1999 after cornerstone shareholder Origin Energy agreed to sell its 53.1 percent stake to “a broad range of Australian, … Read more »

Coats sinks into the red in first half on craft writedown

Article – BusinessDesk

Coats sinks into the red in first half on writedown on sale of EMEA crafts business Read more »

Contact Energy in trading halt; Origin exit plan imminent

Article – BusinessDesk

Aug. 4 (BusinessDesk) – Contact Energy shares have been placed in a trading halt on the NZX, pending an announcement about its majority shareholder Origin Energy’s exit from the company. Read more »

NZ dollar declines vs. Aussie ahead of RBA decision

Article – BusinessDesk

Aug. 4 (BusinessDesk) – The New Zealand dollar declined against the Australian dollar ahead of the Reserve Bank of Australia’s decision on interest rates today. Read more »

While you were sleeping: Oil slump hits shares

Article – BusinessDesk

Aug. 4 (BusinessDesk) – Wall Street fell as a slide in oil prices and weak manufacturing data curbed optimism about the outlook for corporate profits. Read more »