UPDATE: Asking prices for NZ properties plateau nationwide

Article – BusinessDesk

(Recasts with added Jeffries comment from 3rd graph, fixes West Coast movement in 5th graph) Read more »

Finzsoft shares soar to record

Article – BusinessDesk

Oct. 2 (BusinessDesk) – Shares of Finzsoft Solutions soared to a record a day after the financial software developer said annual earnings would likely grow fourfold after the firm signed up Australia’s St George Bank as a customer. Read more »

Asking prices for properties plateau nationwide, survey says

Article – BusinessDesk

Oct. 2 (BusinessDesk) – There’s good news for house buyers in the new Trade Me Property Price Index launched today with the prices asked for properties nationwide remaining lacklustre for the fifth month in a row in September. Read more »

Goodman Fielder flags early redemption for $250 mln of NZ bo

Article – BusinessDesk

Oct. 2 (BusinessDesk) – Goodman Fielder, the food ingredients manufacturer facing a takeover from Wilmar International and First Pacific Co, will redeem $250 million of New Zealand-listed bonds early after negotiating a new banking facility with its … Read more »

Vista Group International signs major Chinese supply deal

Article – BusinessDesk

Oct. 2 (BusinessDesk) – Vista Group International, the cinema software and analytics company, has signed a supply agreement with an unidentified cinema chain in China, which will see its software installed across more than 200 sites in the world’s most … Read more »

While you were sleeping: Stocks sink, US Treasuries rise

Article – BusinessDesk

Oct. 2 (BusinessDesk) – Stocks on both sides of the Atlantic dropped, while US Treasuries climbed after a disappointing report on US manufacturing and further signs of economic malaise in the euro zone. Read more »

Boskalis defends track record at Chatham Rock hearings

Article – BusinessDesk

Oct. 2 (BusinessDesk) – Royal Boskalis, one of the world’s biggest dredging companies, defended its track record in making the case for a proposed phosphate mining project on the Chatham Rise, and is confident the measures it would take to protect the environment … Read more »

NZ dollar pares gain after dairy prices fall to 5-year low

Article – BusinessDesk

NZ dollar pares gain after prices fall to 5-year low in Fonterra’s dairy auction Read more »

Dairy product prices drop to lowest since August 2009

Article – BusinessDesk

Oct. 2 (BusinessDesk) – Dairy product prices fell to the lowest level in more than five years in the latest GlobalDairyTrade auction, led by declines in butter milk powder and whole milk powder. Read more »

SLI co founder Geoff Brash resigns after reducing his stake

Article – BusinessDesk

SLI co founder Geoff Brash resigns after reducing his stake at end of escrow period Read more »

MARKET CLOSE: NZ shares rise as investors chase yield

Article – BusinessDesk

Oct. 1 (BusinessDesk) – New Zealand stocks rose, paced by Spark New Zealand as investors were lured to the local bourse’s relatively high yields. Infratil rose as it sealed the sale of its Australian energy assets and signalled a capital return. Genesis … Read more »

NZ dollar drops after weak Australian retail sales

Article – BusinessDesk

Oct. 1 (BusinessDesk) – The New Zealand dollar fell against the greenback as weak retail data in Australia sapped investors’ appetite for the trans-Tasman currencies, and as improving US data stokes demand for the world’s reserve currency. Read more »

NZX 50 outperforms Dow, Australian, European indices in Q3

Article – BusinessDesk

Oct. 1 (BusinessDesk) – The NZX 50 Index outperformed its Australian, European and UK counterparts in the past quarter, s pushed higher by confidence after August’s reporting season and a rally in listed electricity generator-retailers based on political … Read more »

KiwiSaver providers warned over sharp sales practises

Article – BusinessDesk

The Financial Markets Authority has warned KiwiSaver providers over sharp sales practices following a doubling of the amount of money switched by customers into other schemes in the past year. Read more »

Farmers are divided over Fonterra’s guaranteed milk price

Article – BusinessDesk

Oct. 1 (BusinessDesk) – Fonterra Co-operative Group’s guaranteed milk price scheme has stirred a mixed reaction from farmers. Some view it as just another risk management tool while others are against it, arguing a co-operative should have the same milk … Read more »

NZX offers milk forecasting services to dairy industry

Article – BusinessDesk

Oct. 1 (BusinessDesk) – NZX, which operates the New Zealand stock exchange and the dairy futures market, is offering a new service for the dairy industry to forecast local milk production and calculate milk prices. Read more »

Infratil downgrades guidance after Australian energy assets

Article – BusinessDesk

Oct. 1 (BusinessDesk) – Infratil, the infrastructure investor, has lowered earnings guidance for the coming year by as much as $40 million, reflecting the sale of its Australian energy assets. Read more »

PGC misses deadline to publish audited accounts

Article – BusinessDesk

Oct. 1 (BusinessDesk) – Pyne Gould Corp, the Guernsey-based asset management firm controlled by George Kerr, said it missed yesterday’s deadline to submit its final audited accounts for the 2014 year to the stock exchange because of a delay in auditing … Read more »

NZ dollar gains vs. euro as weak inflation keeps ECB nervous

Article – BusinessDesk

Oct. 1 (BusinessDesk) – The New Zealand dollar rose against the euro as slowing European inflation prompted speculation of further stimulus from the European Central Bank. Read more »

While you were sleeping: US consumer confidence drops

Article – BusinessDesk

Oct. 1 (BusinessDesk) – Wall Street slid after a report showed a surprise decline in US consumer confidence, while other data showed disappointing home prices and business conditions in the Midwest. Read more »