Archive for the 'Article' Category

MARKET CLOSE: NZ shares rise in light trading

Article – BusinessDesk

MARKET CLOSE: NZ shares rise in light trading; A2, Z Energy, SkyCity gain while Sky TV drops Read more »

NZ dollar falls as markets await new government

Article – BusinessDesk

Sept. 25 (BusinessDesk) – The New Zealand dollar fell after there was no clear winner in Saturday’s election with both the National Party and Labour-Green bloc vying to form a government with New Zealand First. Read more »

Mainzeal hearing set down for September next year

Article – BusinessDesk

Sept. 25 (BusinessDesk) – The liquidators of the failed Mainzeal group of companies will face off in court with the building firm’s directors next year in what’s scheduled to be a six-week hearing. Read more »

Reserve Bank seen on hold this week

Press Release – BusinessDesk

Sept. 25 (BusinessDesk) – The Reserve Bank of New Zealand is tipped to keep rates on hold Thursday and acting governor Grant Spencer is widely expected to signal no change on the immediate horizon in his first rate decision. Read more »

NZ stocks, dollar tread water after election

Article – BusinessDesk

Sept. 25 (BusinessDesk) – New Zealand markets are treading water as coalition talks get underway after Saturday’s general election although sentiment is also being weighed on by offshore events. Read more »

Abano buys three dental practices in first quarter

Article – BusinessDesk

Sept. 25 (BusinessDesk) – Abano Healthcare bought three new dental practices in the first three months of its financial year, in a period when same-store sales were mixed. Read more »

NZ structural log prices advance to 23-year high

Article – BusinessDesk

Sept. 25 (BusinessDesk) – New Zealand structural log prices edged up to the highest level in more than two decades as mills compete with the export market to secure supply for the local construction market. Read more »

UPDATE: Fonterra FY gross margin shrinks

Article – BusinessDesk

Sept. 25 (BusinessDesk) – Fonterra Cooperative Group’s full-year gross margin dropped about 4 percentage points as the dairy company paid more for milk, while rising prices offset a decline in volumes. The changing mix didn’t alter Fonterra’s forecast payout. Read more »

Synlait to invest in research and development centre

Article – BusinessDesk

Sept. 25 (BusinessDesk) – Synlait Milk, the South Island-based milk processor, will establish a research and development centre in Palmerston North to drive new product development, process technology and packaging. Read more »

Jet fuel to be pumped to Auckland Airport today

Press Release – BusinessDesk

Jet fuel to be pumped to Auckland Airport today, Z Energy sees no impact on earnings Read more »

Zespri chooses head of sales Dan Mathieson as new CEO

Press Release – BusinessDesk

Sept. 25 (BusinessDesk) – Zespri, New Zealand’s statutory kiwifruit exporter, has chosen its global president of sales and marketing Dan Mathieson as its new chief executive. Read more »

Fonterra FY profit falls 11% on smaller margins

Press Release – BusinessDesk

Sept. 25 (BusinessDesk) – Fonterra Cooperative Group posted an 11 percent decline in full-year profit as margins fell across its ingredients and consumer and food service divisions, and it took an impairment on Beingmate Baby & Child Food. Read more »

Fletcher confirms KPMG hired

Press Release – BusinessDesk

Sept. 25 (BusinessDesk) – Fletcher Building has confirmed it’s hired audit firm KPMG to review four major projects to bolster governance in its construction division. Read more »

NZ dollar holds above 73 US cts

Article – BusinessDesk

Sept. 25 (BusinessDesk) – The New Zealand dollar held above 73 US cents after Saturday’s general election saw the incumbent National Party win the most votes, putting it in the box seat to negotiate the formation of a new government. Read more »

World Week Ahead: Tonnes of Fed speak ahead

Article – BusinessDesk

Sept. 25 (BusinessDesk) – A slew of speeches by US Federal Reserve officials including chair Janet Yellen in the coming days will be closely monitored following last weeks more-hawkish-than-expected outlook from the central bank. Read more »

Kiwi may get brief boost after National wins most votes

Article – BusinessDesk

NZ shares, kiwi may get brief boost after National wins most votes, uncertainty to cap gains By Rebecca Howard Read more »

MARKET CLOSE: NZ shares up, trading quiet ahead of election

Article – BusinessDesk

MARKET CLOSE: NZ shares up, trading quiet ahead of election; Fletcher, TradeMe gain, A2 falls Read more »

NZ dollar falls on eve of election

Article – BusinessDesk

Sept. 22 (BusinessDesk) – The New Zealand dollar fell heading into Saturday’s general election on the back of ongoing sabre-rattling between the US and North Korea. Read more »

Jet fuel allocations at Auckland Airport increased

Article – BusinessDesk

Sept. 22 (BusinessDesk) – Airlines’ jet fuel allocations at Auckland International Airport have been increased today, with fewer cancelled flights and Wynyard Wharf set to receive drop-offs this weekend, says Energy Minister Judith Collins. Read more »

TruScreen director Tim Preston withdraws nomination

Article – BusinessDesk

Sept. 22 (BusinessDesk) – TruScreen director Tim Preston withdrew his nomination for re-election on the eve of yesterday’s annual meeting, where the NZAX-listed cervical cancer test developer was upbeat about its prospects of securing Chinese regulatory … Read more »

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