Archive for the 'Article' Category

Ryman gets approval for second Melbourne village

Article – BusinessDesk

March 29 (BusinessDesk) – Ryman Healthcare has been given the go-ahead to proceed with a second retirement village in Australia’s second largest city, with the first residents at the new Melbourne site expected to move in next year. Read more »

Māori rights at stake from Kermadec ocean sanctuary

Article – BusinessDesk

March 29 (BusinessDesk) – Jamie Tuuta, Te Ohu Kaimoana’s chairman, says iwi and Mori have “taken our eye off the ball” and the Kermadec Ocean Sanctuary Bill had made it abundantly clear that Mori rights are at stake. Read more »

NZ companies lift spending on R&D

Article – BusinessDesk

March 29 (BusinessDesk) – Increased spending by businesses helped boost New Zealand’s total research and development expenditure 20 percent since 2014, but the country still lags behind the average for the Organisation for Economic Cooperation and Development Read more »

Rejecting merger on plurality grounds ‘illogical & incomplete’

Article – BusinessDesk

March 29 (BusinessDesk) – The Commerce Commission’s concerns that a merger of dominant news publishers NZME and Fairfax New Zealand would stifle the number of voices in the media is a backward-looking assessment that would be “illogical and incomplete”, … Read more »

Gentrack agrees to buy UK’s Junifer Systems for about $79M

Article – BusinessDesk

Gentrack agrees to buy UK’s Junifer Systems for about $79M, extending utility software reach Read more »

Synlait posts 3.8% gain in 1H profit

Article – BusinessDesk

March 29 (BusinessDesk) – Synlait Milk, the NZX-listed dairy company, posted a 3.8 percent lift in first-half profit as higher sales offset increased investment in people and business development. Read more »

Malaysia makes order for 23 amphibious craft

Article – BusinessDesk

March 29 (BusinessDesk) – Future Mobility Solutions says it has received an order for 23 amphibious craft from the Malaysian Civil Defence Force, a deal worth more than $3 million and scheduled for delivery in the next 12 months. Read more »

Infratil sees flat earnings in 2018

Article – BusinessDesk

March 29 (BusinessDesk) – Infratil is anticipating flat earnings in the 2018 financial year but is confident it can keep boosting returns to shareholders, and is still on the prowl for new acquisitions. Read more »

NZ dollar falls after jump in US consumer confidence

Article – BusinessDesk

March 29 (BusinessDesk) – The New Zealand dollar fell after a measure of US consumer confidence jumped to its highest level in almost two decades, signalling a pickup in the world’s biggest economy. Read more »

While you were sleeping: Wall St regroups

Article – BusinessDesk

March 29 (BusinessDesk) – Wall Street rose, stemming an eight-day drop in the Dow, as US consumer confidence climbed to the highest level in 16 years, while oil also gained Read more »

Momentum grows to replace the RMA

Article – BusinessDesk

March 29 (BusinessDesk) – A major new report from the Productivity Commission lays the foundation for action on the growing political consensus that the Resource Management Act and associated laws are failing both cities and the natural environment and need … Read more »

Policymakers need to start planning for 5G infrastructure

Article – BusinessDesk

March 28 (BusinessDesk) – New Zealand policymakers in the process of making it easier for fibre firms to access certain properties in the roll-out of the ultrafast broadband network need to start thinking about how to remove roadblocks from the looming build … Read more »

FMA seeks tighter disclosure of non-GAAP measures

Article – BusinessDesk

March 28 (BusinessDesk) – The Financial Markets Authority has proposed an update to its guidance for companies who use financial information that doesn’t follow generally accepted international rules after a survey found three-quarters of them emphasised … Read more »

NZ dollar sticking to tight range but may see more upside

Article – BusinessDesk

March 28 (BusinessDesk) – The New Zealand dollar stuck to a tight range today but may see more upside as markets continue to flounder after US President Donald Trump’s failure to enact healthcare reform. Read more »

Rabobank NZ annual profit falls 14%

Article – BusinessDesk

March 28 (BusinessDesk) – Rabobank New Zealand posted a 14 percent decline in annual profit last year as the rural lending specialist boosted its provisioning for bad debts in the face of the dairy slowdown. Read more »

MARKET CLOSE: NZ shares edge up

Article – BusinessDesk

March 28 (BusinessDesk) – New Zealand shares rose, although the market was mixed, with Air New Zealand gaining after strong operating metrics and A2 Milk Co falling from a record high. Read more »

Turners sees annual earnings growth of up to 12%

Article – BusinessDesk

March 28 (BusinessDesk) – Turners expects annual earnings to rise 12 percent as it reaps the benefit of buying motor insurer Autosure and setting up a securitisation funding model to cut costs. Read more »

Fulton Hogan lifts first-half pre-tax profit 13%

Article – BusinessDesk

March 28 (BusinessDesk) – Fulton Hogan, the privately-held civil construction firm, lifted first-half pre-tax earnings 13 percent as its New Zealand and Fiji operations tracked ahead of expectations, and beefed up its forward order book with some big … Read more »

TeamTalk shareholders to vote on Farmside sale next month

Article – BusinessDesk

March 28 (BusinessDesk) – TeamTalk shareholders will vote on a plan to sell a controlling stake in its Farmside internet services provider to Vodafone New Zealand next month, in a deal which is expected to substantially reduce the telecommunication minnow’s … Read more »

Weaker commodities limit benefit of falling greenback

Article – BusinessDesk

March 28 (BusinessDesk) – The New Zealand dollar was little changed, having reached the highest in almost a week overnight, as a decline in commodity prices and equities offset the effects of waning sentiment for the US dollar. Read more »

Next Page »