Business Scoop

A2, Synlait shares climb as takeover bid revives optimism

Article – BusinessDesk

Sept. 16 (BusinessDesk) – A2 Milk and Synlait Milk shares jumped in early trading as a A$1.5 billion takeover bid for Bellamy’s Australia revived optimism that Chinese demand for dairy products remains strong. Read more »

Primary sector export revenue seen down 0.5% in FY2020

Article – BusinessDesk

Sept. 16 (BusinessDesk) – Primary sector export revenue in the year ended June lifted 8.7 percent to $46.4 billion but is tipped to ease 0.5 percent as lower export volumes are forecast for most sectors, according to the latest Situation and Outlook for … Read more »

Z Energy demands ComCom fix ‘material inaccuracies’

Article – BusinessDesk

Sept. 16 (BusinessDesk) – Z Energy has released analysis that questions the Commerce Commission’s basic arithmetic, use of economic concepts and choice of the formula it used to conclude the New Zealand transport fuel sector is uncompetitive. Read more »

Bubbly services sector seen keeping growth afloat in June

Article – BusinessDesk

Sept. 16 (BusinessDesk) – Service sector output may have kept the economy ticking over in the June quarter, but economists say the sluggish backdrop points to at least one more interest rate cut before December. Read more »

Service sector activity eases in August but still expanding

Press Release – BusinessDesk

Sept. 16 (BusinessDesk) – Activity in the services sector eased marginally in August but continues to expand. Read more »

ANALYSIS: Wealth management now wags the stock-broking dog

Article – BusinessDesk Read more »

NZ dollar weakens as greenback gains on improving data

Article – BusinessDesk

Sept. 16 (BusinessDesk) – The kiwi is weaker after the greenback got a lift from improving US retail data and as markets keep a close eye on Saudi Arabia after weekend attacks on major oil plants. Read more »

All eyes in financial markets on the Fed on Thursday

Article – BusinessDesk

Sept. 16 (BusinessDesk) – Financial markets this week will be dominated by expectations about, not so much what the Federal Reserve will do, but what it will say. Read more »

Out with SME, in with MSB?

Article – BusinessDesk

Sept. 16 (BusinessDesk) – Too many of New Zealand’s job-rich, medium-sized businesses fail to move beyond the habits learnt when they were small businesses, limiting their productivity and earning potential, says a report published this morning from accounting … Read more »

MARKET CLOSE: NZ shares fall for 5th day; Z Energy sold off

Article – BusinessDesk

Sept. 13 (BusinessDesk) – New Zealand shares fell for a fifth session, with Z Energy coming in for another heavy day of selling after downgrading its earnings outlook yesterday. Blue-chip stocks were generally weaker. Read more »

NZ dollar slides to 5-month low against Aussie

Article – BusinessDesk

Sept. 13 (BusinessDesk) – The New Zealand dollar reached a five-month low against the Australian currency as the latter benefited more on news that United States President Donald Trump is willing to make an interim trade deal with China. Read more »

Booster tests waters with NZX listing of property trust

Article – BusinessDesk

Sept. 13 (BusinessDesk) – KiwiSaver and financial services provider Booster is eyeing further listings to give investors exposure to privately held businesses and assets through public markets. Read more »