MARKET CLOSE: NZ shares fall as oil prices weigh on NZOG

Article – BusinessDesk

Nov. 28 (BusinessDesk) – New Zealand shares fell paced by New Zealand Oil & Gas as oil prices sank overnight while Air New Zealand gained on the prospect of continuing cheap jet fuel. Pacific Edge gained on its first-half earnings. Read more »

CORRECT:Lambskin prices slump

Article – BusinessDesk

CORRECT:China’s crackdown on polluting tanneries, Russia sanctions drive record slump in lambskin prices Read more »

Mowbray widens 1H loss, considers future as listed company

Article – BusinessDesk

Nov. 28 (BusinessDesk) – Mowbray Collectables, the listed stamp and collectables dealer and auction house, widened its first-half loss as it records “the worst six months in the company’s history” and weighs its future as a listed company. … Read more »

NZ dollar heads for 0.7% monthly gain in November

Article – BusinessDesk

NZ dollar heads for 0.7% monthly gain in November, bouncing back from mid-year slide Read more »

High NZ rates will keep luring investors into kiwi

Article – BusinessDesk

Nov. 28 (BusinessDesk) – New Zealand’s relatively high interest rates will continue to lure global investors to the kiwi, creating headaches for local policy makers who, like the rest of the world, want a weaker currency to drive export growth, according … Read more »

Precinct to raise up to $75M in bond offer to repay banks

Article – BusinessDesk

Nov. 28 (BusinessDesk) – Precinct Properties New Zealand, which this week sold its SAP building in Auckland to property mogul Bob Jones for $97 million, plans to raise up to $75 million in a bond offer, which it will use to repay bank debt. Read more »

NZ business confidence extends post-election gains

Article – BusinessDesk

Nov. 28 (BusinessDesk) – New Zealand business confidence rose for a second month in November, extending post-election gains from a two-year low as firms took a more rosy outlook about their conditions. Read more »

FMA boss Everett sees changing landscape under new law

Article – BusinessDesk

Nov. 28 (BusinessDesk) – Financial Markets Authority chief executive Rob Everett expects sweeping changes to securities law will change the landscape for the sector by putting more emphasis on the investing public. Read more »

China’s tannery crackdown, Russian sanctions dent lambskin

Article – BusinessDesk

Nov. 28 (BusinessDesk) – Global lambskin prices have collapsed from the first quarter’s record highs, as a Chinese crackdown on polluting tanneries and Russian trade sanctions sapped demand. Read more »

NZ house building consents bounce back in October

Article – BusinessDesk

NZ house building consents bounce back in October, rise at fastest pace in two years Read more »

Regulator trims 2015 national electricity line prices 1.1%

Article – BusinessDesk

NZ regulator ruling set to trim national electricity line prices by 1.1% in 2015 Read more »

Pacific Edge says it’s on track after posting 1H loss

Article – BusinessDesk

Nov. 28 (BusinessDesk) – Pacific Edge, which makes and markets bladder cancer tests, said its first half loss was unchanged from the year earlier period as increased revenues were channelled into development and marketing of its products, in line … Read more »

VMob widens 1H loss as it chases international growtth

Article – BusinessDesk

Nov. 28 (BusinessDesk) – VMob Group, the NZAX-listed mobile voucher developer, widened its first half loss as it chased international scale and growth. Read more »

NZ dollar rises to record vs. ruble as OPEC maintains output

Article – BusinessDesk

NZ dollar rises to record vs. ruble after OPEC decides not to cut oil production Read more »

While you were sleeping: Oil sinks as OPEC holds

Article – BusinessDesk

Nov. 28 (BusinessDesk) – Oil slumped, and so did energy stocks, after OPEC ministers decided to maintain the groups production targets, instead of curbing supply to help a slide in prices. Read more »

MARKET CLOSE: NZ shares fall paced by Warehouse

Article – BusinessDesk

MARKET CLOSE: NZ shares fall paced by Warehouse; Air NZ gains on tumbling oil prices Read more »

NZ dollar gains, benefiting from weaker euro, yen, pound

Article – BusinessDesk

Nov. 27 (BusinessDesk) – The New Zealand dollar rose as investors look to exit currencies where central banks may continue with low interest rates and money printing programmes. Read more »

NZ dollar gains, benefiting from weaker euro, yen, pound

Article – BusinessDesk

Nov. 27 (BusinessDesk) – The New Zealand dollar rose as investors look to exit currencies where central banks may continue with low interest rates and money printing programmes. Read more »

Opus trims executive structure in ‘competitive market’

Article – BusinessDesk

Nov. 27 (BusinessDesk) – Opus International Consultants, the listed engineering firm, has trimmed its executive team as it restructures its business “in an increasingly competitive market”. Read more »

Mowbray struggles to stay afloat as $1.28M write-down weighs

Article – BusinessDesk

Nov. 27 (BusinessDesk) – Mowbray Collectables, the listed stamp and collectables dealer and auction house, has flagged a first-half loss and is in discussion with bankers to stay solvent after a $1.28 million write down on its goodwill. Read more »