Archive for the 'Article' Category

MARKET CLOSE NZ shares up, Genesis debut sparks energy rally

Article – BusinessDesk

MARKET CLOSE NZ shares rise as Genesis debut sparks energy rally; Meridian, MRP, Contact gain Read more »

Supreme Court decision protects ‘outstanding landscapes’

Article – BusinessDesk

April 17 (BusinessDesk) The Supreme Court has upheld resource consents for three salmon farms to be developed in the Marlborough Sounds by the King Salmon company, but in an important win for the protection of outstanding landscapes, it has … Read more »

NZ dollar heads for 0.8% weekly fall before RBNZ rate review

Article – BusinessDesk

April 17 (BusinessDesk) – The New Zealand dollar is heading for a 0.8 percent fall in a shortened week ahead of the Reserve Banks rate review next Thursday. Read more »

Air NZ says claims withdrawn as other airlines settle in Oz

Article – BusinessDesk

Air New Zealand says claims withdrawn as other airlines settle over cargo cartel, seeks costs Read more »

AMP Capital selling kiwi dollar in expectation of decline

Article – BusinessDesk

April 17 (BusinessDesk) – AMP Capital New Zealand, which manages more than $18 billion of assets, anticipates the kiwi dollar will start falling, and has started reducing its holdings in the local currency. Read more »

BNZ’s new CEO Healy expects benefit from expanding economy

Article – BusinessDesk

April 17 (BusinessDesk) – Bank of New Zealands incoming chief executive Anthony Healy expects the lender to benefit from the nations burgeoning economy as he targets investment in higher growth areas such as agri-business. Read more »

Genesis Energy soars on debut, other gen-taliers rise

Article – BusinessDesk

April 17 (BusinessDesk) Shares in the partially privatised Genesis Energy soared 18 percent at their debut listing on the NZX this afternoon, buoying other listed energy companies in the process. Read more »

‘Chipper’ kiwis push up consumer confidence in April

Article – BusinessDesk

April 17 (BusinessDesk) – New Zealand consumer confidence rose in April as kiwis became more confidence about their own financial position, giving them greater enthusiasm for buying major household items. Read more »

Genesis shares stag 17% at listing, first trade at $1.81

Article – BusinessDesk

April 17 (BusinessDesk) Shares in the partially privatised Genesis Energy debuted on the NZX this afternoon, rising 26 cents, or 17 percent, from their $1.55 issue price, to $1.81 in the first minutes of trading. Read more »

Dick Smith slows NZ sales decline in Q3

Article – BusinessDesk

April 17 (BusinessDesk) Dick Smith Holdings, the electronics retailer that went public last December, says it slowed the rate of sales decline at its New Zealand stores after shifting some support functions to Australia and outsourcing deliveries. Read more »

Labour to double depreciation rate in targeted industries

Article – BusinessDesk

April 17 (BusinessDesk) The major new element in the Labour Partys manufacturing policy, announced today, assumes depreciation rates for assets in each affected industry would double, a party spokesman says. Read more »

BNZ names Anthony Healy as new CEO, replacing Thorburn

Article – BusinessDesk

April 17 (BusinessDesk) Bank of New Zealand, the local unit of Australias third-biggest mortgage lender, named the head of its business bank, Anthony Healy, as its new chief executive. Read more »

Depreciation, buy Kiwi-made in Labour manufacturing policy

Article – BusinessDesk

April 17 (BusinessDesk) The Labour Party has unveiled its pitch to the manufacturing sector, adding accelerated depreciation for advanced manufacturing and promising to target more government procurement from local firms. Read more »

NZ dollar drops to 5-wk low vs. pound after upbeat UK jobs

Article – BusinessDesk

April 17 (BusinessDesk) The New Zealand dollar dropped to a five-week low against the British pound after UK unemployment fell more than expected and wage growth accelerated, turning investor attention to the possibility of higher interest rates. Read more »

KiwiSaver tax rates need fixing, world’s ‘most punitive’

Article – BusinessDesk

April 17 (BusinessDesk) New Zealands tax system heavily penalises KiwiSaver while offering massive tax breaks to property investors and needs to change, says savings lobbyist the Financial Services Council. Read more »

While you were sleeping: Yellen shows support

Article – BusinessDesk

April 17 (BusinessDesk) Wall Street rose after US Federal Reserve Chairman Janet Yellen reassured investors that the central bank will continue with its easy money policy to bolster the US economic recovery. Read more »

MARKET CLOSE: NZ shares gain on global rally; Diligent rises

Article – BusinessDesk

April 16 (BusinessDesk) – New Zealand stocks joined a global rally as US company earnings growth lifted sentiment for equity markets. Diligent Board Member Services led the benchmark index higher after reporting first-quarter sales growth. Pacific … Read more »

NZ dollar falls to nine-day low after CPI misses estimates

Article – BusinessDesk

April 16 (BusinessDesk) – The New Zealand dollar dropped to a nine-day low after slower than expected inflation raised questions over the track of rising local interest rates. Read more »

Delegat’s founder Delegat to step back from daily operation

Article – BusinessDesk

April 16 (BusinessDesk) Jim Delegat, founder of Delegats Group, is stepping down from running the winemakers daily operations to focus on the companys strategic direction. Read more »

NZ government scales back larger applications for Genesis

Article – BusinessDesk

April 16 (BusinessDesk) – The government will progressively scale down applications for large shareholdings in Genesis Energy ahead of tomorrows listing after the final partial privatisation in the current programme attracted 68,000 investors. Read more »

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