Archive for the 'Article' Category

Port Nicholson votes down Shelly Bay sale, citing SFO probe

Article – BusinessDesk

Feb. 12 (BusinessDesk) – The Wellington Maori tribal investment vehicle, the Port Nicholson Block Settlement Trust, will not back a proposal to sell the old Shelley Bay defence base to local property developer Ian Cassells, following the failure … Read more »

MARKET CLOSE: NZ shares fall as global mood sours further

Article – BusinessDesk

MARKET CLOSE: NZ shares fall as global mood sours further, Air NZ, Sky TV and Xero drop Read more »

NZ dollar heads for 0.9% weekly gain

Article – BusinessDesk

NZ dollar heads for 0.9% weekly gain as global fears see investors dump greenback Read more »

Harmoney has $30 mln on hand as it steps up Australia launch

Article – BusinessDesk

Harmoney has $30 mln on hand as it steps up Australia launch By Paul McBeth Read more »

CORRECT: Innate Immunotherapeutics co-founder sues company

Article – BusinessDesk

Feb. 12 (BusinessDesk) – The co-founder of ASX-listed Innate Immunotherapeutics is suing the New Zealand and Australian-based medical biotech company for royalties he claims are owed to him through the sale of patented products. Read more »

RESEND: Vero faces bigger bill for Canterbury quakes

Article – BusinessDesk

RESEND: Vero faces bigger bill for Canterbury quakes because of new over-cap EQC claims Read more »

Vero faces bigger bill for Canterbury quakes

Article – BusinessDesk

Feb. 12 (BusinessDesk) – Vero New Zealand, the general insurer owned by Australia’s Suncorp Group, has increased its assessment of the likely cost from the series of Canterbury earthquakes by $123 million, largely because of new claims that exceed … Read more »

Spark’s Revera wins IRD’s data centre contract

Article – BusinessDesk

Feb. 12 (BusinessDesk) – Spark New Zealand’s Revera unit has been picked to supply the Inland Revenue Department’s data centre services for the new tax system being developed under its business transformation programme. Read more »

NZ wool prices hold firm even with China absent

Article – BusinessDesk

Feb. 12 (BusinessDesk) – New Zealand wool prices held firm at auction even though buyers from China, the country’s largest export market, were absent due to the Chinese Lunar New Year holiday this week. Read more »

Union victory over Affco, court orders return to day shifts

Article – BusinessDesk

Feb. 12 (BusinessDesk) – The Employment Court has ruled Affco must allow 200 Wairoa freezing workers to return to their jobs on the day shifts they would have had if the Talley’s-owned meat processor hadn’t illegally locked them out. Read more »

Bluescope halves net value of NZ steel assets

Article – BusinessDesk

Feb. 12 (BusinessDesk) – Australian steel maker Bluescope is to make a A$350 million write down on the value of its New Zealand Steel and Pacific Steel businesses, more than halving the net value of its kiwi assets as part of a A$570 million write down … Read more »

NZ food prices edge up in January

Article – BusinessDesk

Feb. 12 (BusinessDesk) – New Zealand food prices rose in January, snapping five months of falling prices, with fruit, vegetables, meat and milk all more expensive. Read more »

Michael Hill posts 5.1% gain in 1H profit as Aust picks up

Article – BusinessDesk

Feb. 12 (BusinessDesk) – Michael Hill International, the listed jewellery retailer, increased first-half profit 5.1 percent as it improved its performance in its key Australian market and boosted margins in New Zealand and Canada. Read more »

Godfreys hoovers up The Service Company for $2.7 mln

Article – BusinessDesk

Feb. 12 (BusinessDesk) – Australian vacuum cleaner firm Godfreys Group has bought New Zealand commercial cleaning firm The Service Company (TSC) for $2.7 million as it seeks to build up the business in a highly fragmented market. Read more »

NZ dollar advances as higher yields lure investors

Article – BusinessDesk

Feb. 12 (BusinessDesk) – The New Zealand dollar advanced even amid fears of a global slowdown, as the country’s higher relative interest rates lured investors. Read more »

While you were sleeping: Stocks, Boeing sink

Article – BusinessDesk

Feb. 12 (BusinessDesk) – Equity markets slid amid renewed fears about global economic growth, bolstering the appeal of perceived safe-haven assets like US Treasuries and gold. Read more »

South Port NZ 1H profit jumps, unexpected lift in tonnage

Article – BusinessDesk

Feb. 11 (BusinessDesk) – New Zealand’s southern-most deep water port, South Port New Zealand, saw profits increase by 54 percent in the six months to the end of December 2015 to $5.06 million, despite worries about the global economy. Read more »

MARKET CLOSE: NZ shares fall on SkyCity outlook

Article – BusinessDesk

Feb. 11 (BusinessDesk) – New Zealand shares fell after SkyCity Entertainment Group, the first to post results this earnings season, reported a gain in first-half profit but left some investors underwhelmed with its outlook. Xero and Mighty River Power … Read more »

NZ dollar gains on greenback weakness driven by US rates

Article – BusinessDesk

Feb. 11 (BusinessDesk) – The New Zealand dollar gained against a broadly weaker greenback on concerns the US economy may not be growing as fast as expected and the track for Federal Reserve interest rate hikes will be slower and lower. Read more »

Solid Energy in better shape than $1 Aussie coal miner: CEO

Article – BusinessDesk

Solid Energy in better position than sold-for-a-dollar Aussie coal mine, CEO Clifford says Read more »

Next Page »