Article – Businesswire

Feb. 14 (BusinessDesk) – Pyne Gould Corp, which has effectively been taken over by major shareholders George Kerr and Baker Street Capital, has negotiated an $8.9 million exit from the management of Equity Partners Infrastructure Company No 1 (EPIC). Read more »

Article – Businesswire

Feb. 14 (BusinessDesk) – New Zealand home sales climbed by more than a quarter in January from the same month last year as the market gradually recovers momentum after an extended lull. Read more »

Article – Businesswire

Feb. 14 (BusinessDesk) – New Zealand shares fell, led by Mainfreight after the transport group posted quarterly earnings that missed some estimates. Air New Zealand and Freightways also declined. Read more »

Article – Businesswire

NZ dollar falls below 83 US cts as global optimism fades with Moody’s downgrades

Read more »

Article – BusinessDesk

Feb. 14 (BusinessDesk) – AMP Capital Investors (New Zealand), which manages $12 billion worth of assets, has increased bets on global growth, saying share valuations look attractive even in the face of Europe’s debt crisis. Read more »

Article – BusinessDesk

Feb. 14 (BusinessDesk) – Mainfreight, whose chief executive Don Braid was named Management magazine Executive of the Year in 2011, saw it shares punished today after the transport group posted earnings that missed estimates. Read more »

Article – BusinessDesk

Feb. 14 (BusinessDesk) – Fonterra Cooperative Group, the world’s biggest dairy exporter, is seeking to block buyers of its regulated raw milk supply from outsourcing the first stage of processing, the Supreme Court heard today. Read more »

Article – BusinessDesk

Feb. 14 (BusinessDesk) – George Kerr’s Australasian Equity Partners No. 1 LP has extended its takeover offer again, pushing the closing date out two weeks as his interest in the company tops 65 percent. Read more »

Article – BusinessDesk

Feb. 14 (BusinessDesk) – Auckland’s property market continues to underpin a nationwide improvement in values, which are 2.7 percent ahead of the same time a year ago, according to government valuer Quotable Value. Read more »

Article – BusinessDesk

Feb. 14 (BusinessDesk) – Opus Group, the NZX-listed engineering consultancy, posted an 11.5 percent gain in first-half profit, though half of the improvement was from a one-off tax credit for short-lived research and development tax credits. Read more »

Article – BusinessDesk

Feb. 14 (BusinessDesk) – An increase in the price of fruit and vegetables was the most significant element of the New Zealand food prices index that showed no overall change in January, after consecutive rises in November and December. Read more »

Article – BusinessDesk

Feb. 14 (BusinessDesk) – Mainfreight, the transport and logistics company, reported a weaker-than-expected third quarter, with no growth in volumes and a December performance that lagged the firm’s estimates. It still managed a record profit for the nine-month … Read more »

Article – BusinessDesk

Feb. 14 (BusinessDesk) – The New Zealand dollar rose after the Greek Parliament approved a series of budget cuts, increasing investor optimism and boosting their demand for risk-sensitive assets. Read more »

Article – BusinessDesk

Feb. 14 (BusinessDesk) – Investors breathed a sigh of relief when Greek lawmakers approved austerity measures that might finally gain the credit-crunched country approval from officials at the European Union, International Monetary Fund and the European … Read more »

Article – BusinessDesk

Feb. 13 (BusinessDesk) – West Coast coking coal miner Bathurst Resources expects it will be September at the earliest that the Environment Court will hear the appeal by environmental groups opposing resource consents granted for its Escarpment open … Read more »

Article – BusinessDesk

Feb. 13 (BusinessDesk) – New Zealand shares fell, led by Steel & Tube Holdings, which posted a profit drop last week and is one of the first companies to report in earnings season. Freightways ended the day lower after posting earnings that met … Read more »

Article – BusinessDesk

Feb. 13 (BusinessDesk) – The government is talking seriously to the global search engine giant Google about providing software services to cut the cost and improve the efficiency of public services, Prime Minister John Key says. Read more »

Article – BusinessDesk

Feb. 13 (BusinessDesk) – The New Zealand dollar clawed back losses after Greece’s Parliament approved a series of budget cuts that will let the Mediterranean nation tap regional funding and stave off a default on debt repayments. Read more »

Article – BusinessDesk

Feb. 13 (BusinessDesk) – For every under-performing employee who fortuitously leaves there’s probably another 10 clinging to their jobs like limpets. Read more »

Article – BusinessDesk

Feb. 13 (BusinessDesk) – A 40-year-old man has been charged in relation to the car crash that killed Timaru businessman Allan Hubbard last year. Read more »