Archive for the 'Article' Category

MARKET CLOSE: NZX 50 falls from record; MRP, Spark drop

Article – BusinessDesk

MARKET CLOSE: NZX 50 falls from record as investors shed yield stocks after RBNZ comments Read more »

Fonterra’s reduced milk volume forecast may help lift prices

Article – BusinessDesk

Jan. 29 (BusinessDesk) – Fonterra Cooperative Groups 3.3 percent reduction in its milk volume forecast for the 2014-2015 season may provide a lift for depressed global dairy prices, Westpac Banking Corp economists say. Read more »

NZ dollar drops after RBNZ abandons bias to raise rates

Article – BusinessDesk

Jan. 29 (BusinessDesk) – The New Zealand dollar dropped, touching a four-year low, after the Reserve Bank abandoned its bias for raising interest rates and said a rate cut was a possibility. Read more »

NZ Oil & Gas to return $63.2M of excess cash

Article – BusinessDesk

Jan. 29 (BusinessDesk) – New Zealand Oil & Gas, the listed energy explorer, will return $63.2 million of excess cash to shareholders after gaining final High Court orders allowing it to proceed with the plan. Read more »

Americans the biggest buyers of NZ land since 2010: Linz

Article – BusinessDesk

Jan. 29 (BusinessDesk) – Americans have been the biggest buyers of New Zealand land in the past five years although the Chinese topped the list in 2014 alone. Read more »

Xero names US-based Douglas Jeffries as CFO

Article – BusinessDesk

Jan. 29 (BusinessDesk) – Xero, the cloud-based accounting software firm, named US-based Douglas Jeffries as its new chief financial officer, replacing Ross Jenkins who will take on the new role of chief operating officer responsible for field operations. Read more »

UPDATED: Briscoe considers customer loyalty programme

Article – BusinessDesk

Jan. 29 (BusinessDesk) – Briscoe Group, which operates the Briscoes, Rebel Sports, and Living & Giving stores in New Zealand, may introduce a customer loyalty programme this year to stoke growth in online sales. Read more »

Fonterra drops forecast milk volumes by 3.3 percent

Article – BusinessDesk

Jan. 29 (BusinessDesk) – Fonterra Cooperative Group, the worlds largest dairy exporter, reduced its milk volume forecast for the 2014-2015 season by 3.3 per cent due to the impact of dry weather on production in recent weeks. Read more »

NZ venison, lamb ventures win $41 mln of funding under PGP

Article – BusinessDesk

Jan. 29 (BusinessDesk) – Two projects to develop premium markets for New Zealand venison and lamb have won a total of $41 million in government and industry co-funding under the Primary Growth Partnership. Read more »

NZ posts first trade deficit for December in 4 years

Article – BusinessDesk

Jan. 29 (BusinessDesk) – New Zealand posted its first trade deficit for a December month in four years as aircraft and mobile phones boosted imports while declining milk powder prices pulled down exports. Read more »

Housing affordability drops 14%, driven by Auckland prices

Article – BusinessDesk

Jan. 29 (BusinessDesk) – Housing affordability across New Zealand fell 14 percent in the year ending November 2014, with Aucklands lack of affordability set to reach levels it hit during the height of the global financial crisis, according to … Read more »

NZ dollar drops to 4-year low as RBNZ shifts into neutral

Article – BusinessDesk

NZ dollar drops to 4-year low, swap rates fall after central bank shifts into neutral Read more »

Briscoe lifts fourth quarter sales with aggressive discounts

Article – BusinessDesk

Jan. 29 (BusinessDesk) – Briscoe Group, which operates the Briscoes, Rebel Sports, and Living & Giving chains, said sales rose 2.9 percent to $167.4 million in its fourth quarter despite tough trading conditions that led to aggressive discounting. Read more »

Reserve Bank sees OCR on hold ‘for some time’, could go ‘up

Article – BusinessDesk

Reserve Bank sees OCR on hold for some time, could go up or down based on data Read more »

NZ dollar little changed after Fed as traders await RBNZ

Article – BusinessDesk

Jan. 29 (BusinessDesk) – The New Zealand dollar was little changed after the Federal Reserve reiterated that it would remain “patient” in deciding when to raise interest rates, while noting inflation may decline further. The local currency is … Read more »

While you were sleeping: Apple, Boeing soar

Article – BusinessDesk

Jan. 29 (BusinessDesk) – Wall Street gained, led by Boeing and Apple, as both companies reported earnings that surpassed expectations. Read more »

NZ Super Fund returns 13.89% in 2014, warns that may wane

Article – BusinessDesk

Jan. 28 (BusinessDesk) – The New Zealand Superannuation Fund, the sovereign wealth fund set up to help smooth the cost of universal superannuation between todays taxpayers and future generations, returned 13.89 percent over 2014, ending the year … Read more »

MARKET CLOSE: NZ shares rise; Heartland gains on profit lift

Article – BusinessDesk

Jan. 28 (BusinessDesk) – New Zealand shares rose to a new record, led by Heartland New Zealand after the bank said it expected to post bigger earnings this year as it grows its asset base. Stocks with stable dividends also gained, including Spark … Read more »

NZ dollar drops vs. Australian dollar after inflation data

Article – BusinessDesk

Jan. 28 (BusinessDesk) – The New Zealand dollar dropped against the Australian dollar after unexpectedly strong inflation data across the Tasman prompted traders to wind back bets that nation’s central bank could cut interest rates. Read more »

Spark director Maury Leyland to resign next month

Article – BusinessDesk

Jan. 28 (BusinessDesk) – Spark New Zealand director Maury Leyland will resign from the telecommunications company’s board from the end of next month as she spends more time at her day-job as Fonterra Cooperative Group’s head of people, culture and strategy. Read more »

Next Page »