Archive for the 'Article' Category

NZ sheep farmers enjoying stellar lamb season

Article – BusinessDesk

June 19 (BusinessDesk) – New Zealand sheep farmers, whose fortunes in recent years have been overshadowed by their dairy farmer colleagues, are having a strong season with lamb prices approaching record levels, according to AgriHQ’s Monthly Sheep & … Read more »

Dairy product prices seen steady-to-easing

Article – BusinessDesk

June 19 (BusinessDesk) – Dairy product prices are expected to slip at the Global Dairy Trade auction overnight amid a pick-up in supply, even as global trade tensions appear to benefit demand for New Zealand dairy products. Read more »

NZ Refining hires renewable energy executive Mike Fuge

Article – BusinessDesk

June 19 (BusinessDesk) – New Zealand Refining has named Mike Fuge as its new chief executive, tapping a manager with experience in renewable energy as the company seeks to engage with the government over its policy of reaching net zero carbon emissions … Read more »

Pushpay’s bookbuild for co-founder’s stake underwritten

Article – BusinessDesk

Pushpays bookbuild for co-founders stake sale fully underwritten at $4 a share Read more »

NZ produces record milk volumes late in 2017/18 season

Article – BusinessDesk

NZ produces record milk volumes late in 2017/18 season, helping make up for weaker spring, summer Read more »

NZ dollar rises to 6-week high vs Aussie

Article – BusinessDesk

June 19 (BusinessDesk) – The New Zealand dollar rose to the highest level in more than six weeks against its Australian counterpart on expectations the Australian economy will be harder hit by any slowing in China’s growth. Read more »

Foreign buyer ban gets smoother edges

Article – BusinessDesk

June 18 (BusinessDesk) – Amendments to the governments foreign buyer ban, if introduced, would give overseas investors more leeway to put money into New Zealand housing developments. Read more »

Peters pins $2B-plus ‘losses’ to NZ on Fonterra

Article – BusinessDesk

June 18 (BusinessDesk) – Deputy Prime Minister Winston Peters doubled down on last week’s New Zealand First party attacks on the performance and leadership of Fonterra, saying the country’s largest business was costing the economy more than $2 billion … Read more »

UPDATE: Pushpay in trading halt

Article – BusinessDesk

UPDATE: Pushpay in trading halt as co-founder Eliot Crowther to sell out; ditches US listing plan Read more »

MARKET CLOSE: NZ shares mixed, Mercury and Fletcher gain

Article – BusinessDesk

MARKET CLOSE: NZ shares mixed, Mercury and Fletcher gain while Synlait, A2 drop By Sophie Boot Read more »

No more cash to sweeten nurses’ deal, govt says

Article – BusinessDesk

June 18 (BusinessDesk) – The government is open to a different structure to the proposed wage settlement for public sector nurses but there is no more money to throw at the problem, Deputy Prime Minister Winston Peters and Health Minister David Clark said … Read more »

Pushpay in trading halt pending ‘material transaction’

Article – BusinessDesk

June 18 (BusinessDesk) – Pushpay Holdings, the mobile payments app developer targeting US$100 million of annualised revenue this year, is in a trading halt as it wraps up a “material transaction” it expects to announce tomorrow. Read more »

NZ dollar falls as trade stoush rattles emerging markets

Article – BusinessDesk

June 18 (BusinessDesk) – The New Zealand dollar fell as the US versus China trade stoush weighed on currencies of emerging markets and commodity-exporting nations. The US dollar index is trading near its highest levels in almost 12 months. Read more »

Outlook for NZ economy softens but wages projected to rise

Article – BusinessDesk

June 18 (BusinessDesk) – Economists have shaved a few basis points off their forecasts for New Zealand economic growth in the next two years even while forecasting stronger wage pressures, according to the NZIER Consensus Forecasts. Read more »

Parker’s criticism of ANZ confidence survey based on Bagrie

Article – BusinessDesk

Parker’s criticism of ANZ confidence survey based on comments Bagrie made at Xero function Read more »

Reducing vehicle crime in Waitemata

Press Release – BusinessDesk

Police are launching an operation which will focus on reducing motor vehicle theft in the Waitemata area. Read more »

Services industry growth quickens in May

Article – BusinessDesk

New Zealands services industry growth quickens in May as new orders jump By Margreet Dietz Read more »

Bunnings NZ owes employees $11m for incorrect payments

Article – BusinessDesk

June 18 (BusinessDesk) – Bunnings, the hardware chain owned by Australia’s Wesfarmers, will pay more than $11 million to 12,235 New Zealand past and current employees after identifying mistakes in implementing the Holidays Act 2003. Read more »

Millionaire Chow brothers move ahead with plans

Article – BusinessDesk

June 18 (BusinessDesk) – Millionaire businessmen John and Michael Chow, who have made their fortune from brothels, hotels and property deals, said they are moving forward with their plans to take Chow Group private. Read more »

NZ dollar falls as tit-for-tat tariffs from US

Article – BusinessDesk

NZ dollar falls as tit-for-tat tariffs from US, China unsettle markets, weigh on commodities By Jonathan Underhill Read more »

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