Archive for the 'Article' Category

MARKET CLOSE: NZX 50 rises to record, led by Sky TV on rugby

Article – BusinessDesk

MARKET CLOSE: NZX 50 rises to record, led by Sky TV on rugby rights; Spark, Ebos gain Read more »

NZ dollar heads for 0.9% weekly drop

Article – BusinessDesk

NZ dollar heads for 0.9% weekly drop as inflation pushes out rate hike timeframe Read more »

Dorchester closes oversubscribed $30M capital raise

Article – BusinessDesk

Oct. 24 (BusinessDesk) – Dorchester Pacific, the finance company midway through a takeover for Turners Group, has closed its $30 million capital raising saying the offer was oversubscribed. Read more »

NZX says it doesn’t know why shares have declined

Article – BusinessDesk

Oct. 24 (BusinessDesk) – NZX, the stock market operator, said it doesn’t know why its share price has declined, in response to a query from its disciplinary arm. Read more »

Sky TV to launch $20/month subscription ondemand service

Article – BusinessDesk

Oct. 24 (BusinessDesk) – Sky Network Television, the country’s dominant pay-TV operator, will launch a new $20 a month subscription video ondemand service, Neon, in December, targeting non-Sky customers as it faces intensifying competition for viewers. Read more »

Cavalier shares drop 10% after profit warning

Article – BusinessDesk

Oct. 24 (BusinessDesk) – Shares of Cavalier Corp dropped 10 percent after the carpet maker warned it will probably miss earnings guidance due to a strong kiwi dollar against its Australian counterpart and a high price of wool. Read more »

Sky TV sees annual profit gain of up to 8.6% in 2015

Article – BusinessDesk

Sky TV sees annual profit gain of up to 8.6% in 2015, flags new ondemand service Read more »

Heartland NZ chief risk officer resigns

Article – BusinessDesk

Oct. 24 (BusinessDesk) – Heartland New Zealand, the bank which formed after the merger of Canterbury and Southern Cross building societies and Marac Finance, has lost its chief risk officer Mark Mountcastle. Read more »

DNZ revalues portfolio by $10.7 million

Article – BusinessDesk

Oct. 24 (BusinessDesk) – DNZ Property Fund, the listed property investor, boosted its portfolio value by $10.7 million in the first half and has leased over three quarters of its new Auckland mall. Read more »

DNZ revalues portfolio up by $10.7 million

Article – BusinessDesk

Oct. 24 (BusinessDesk) – DNZ Property Fund, the listed property investor, boosted its portfolio value by $10.7 million in the first half and has leased over three quarters of its new Auckland mall. Read more »

Sealegs turns first-half profit

Article – BusinessDesk

Oct. 24 (BusinessDesk) – Sealegs Corp, which makes amphibious boats, turned a first-half profit after strong local demand underpinned a pick-up in sales, and as it taps new markets in South America. Read more »

CORRECT: Jade chases growth of 30-50% for Master Terminal

Article – BusinessDesk

Oct. 23 (BusinessDesk) – Jade Software, which took its intelligence software developer Wynyard Group public last year, is chasing annual growth of between 30 and 50 percent from its Master Terminal port management software business, which is latching on … Read more »

NZ trade deficit widens in Sept amid lower log, dairy prices

Article – BusinessDesk

Oct. 24 (BusinessDesk) – New Zealand’s monthly trade deficit widened more than expected in September as falling prices for logs and dairy products weighed on exports while imports were boosted by an incoming aircraft. Read more »

Sky TV signs conditional deal to renew rugby rights

Article – BusinessDesk

Oct. 24 (BusinessDesk) – Sky Network Television, New Zealand’s dominant pay-TV company, has signed a conditional contract to renew its five-year deal with the New Zealand Rugby Union and the SANZAR unions for an undisclosed amount. The shares rose to a … Read more »

Jade Software chases growth of 30-50% for Master Terminal

Article – BusinessDesk

Oct. 23 (BusinessDesk) – Jade Software, which took its intelligence software developer Wynyard Group public last year, is chasing annual growth of between 30 and 50 percent from its Master Terminal port management software business, which is latching on … Read more »

NZ dollar drops to week-low as lower inflation seen weighing

Article – BusinessDesk

Oct. 24 (BusinessDesk) – The New Zealand dollar declined to a week-low after data yesterday showed inflation accelerated at a slower than expected pace in the third quarter, suggesting interest rates may stay at current levels for longer. Read more »

While you were sleeping: 3M, Caterpillar lift mood

Article – BusinessDesk

Oct. 24 (BusinessDesk) – Wall Street climbed, lifted by better-than-expected earnings from 3M and Caterpillar, and renewed optimism that the US economy might sustain its pace of recovery. Read more »

Auckland Airport’s duty free told to drop the hard sell

Article – BusinessDesk

Oct. 23 (BusinessDesk) – Auckland International Airport, the countrys main gateway, said it had talked to its two duty free retailers following what it called over-zealous competition at the airport. Read more »

MARKET CLOSE: NZX 50 climbs to new record, led by RBD

Article – BusinessDesk

Oct. 23 (BusinessDesk) – New Zealand shares rose to a new record close, led by Restaurant Brands New Zealand after the country’s biggest fast-food operator boosted its annual earnings guidance. Spark New Zealand pace gains as investors sought defensive stocks … Read more »

RESEND: NZ dollar falls as benign inflation weighs on kiwi

Article – BusinessDesk

Oct. 23 (BusinessDesk) – The New Zealand dollar fell after figures showed inflation in the third quarter was slower than the Reserve Bank had forecast, giving it less reason to resume raising interest rates after pausing its tightening cycle in July. Read more »

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