Article – BusinessDesk

May 17 (BusinessDesk) New Zealand shares fell, with Nuplex Industries cutting its full-year earnings guidance a second time and Summerset Group modestly weaker after its biggest shareholder reduced its stake in a discounted sale. Read more »

Article – BusinessDesk

May 17 (BusinessDesk) – New Zealand’s Reserve Bank will clearly explain concerns it has about risks to financial stability before using any of its new tools to cool asset bubbles, in the hope that may prevent their use. Read more »

Article – Businesswire

May 17 (BusinessDesk) – Summerset Group shareholder Quadrant Private Equity sold down its stake in the retirement village operator at $2.90 a share, raising some $89 million, and taking advantage of the stocks 34 percent advance this year. Read more »

Article – Businesswire

May 17 (BusinessDesk) Nuplex Industries cut the range for its full-year earnings guidance by about $11 million, saying Australias manufacturing slump has dented demand for its resins, specialty chemicals and plastic additive products. The shares … Read more »

Article – BusinessDesk

May 17 (BusinessDesk) – New Zealand consumers continued to get more optimistic this month as rising house prices and an improving labour market underpinned the rosier outlook. Read more »

Article – Businesswire

May 17 (BusinessDesk) – Summerset Group shareholder Quadrant Private Equity is selling down its 37.2 percent stake in the retirement village operator, taking advantage of the stocks 34 percent advance this year. Read more »

Article – Businesswire

CORRECT: Heartland among eight local banks put on notice over rising housing risk by S&P Read more »

Article – BusinessDesk

Vodafone NZs general counsel Kreider wins bid to keep $541,000 a year job Read more »

Article – Businesswire

May 17 (BusinessDesk) – New Zealand producers input and output prices posted the biggest gains in almost two years in the first quarter, driven by a rebound in electricity prices and higher prices for dairy manufacturers. Read more »

Article – Businesswire

May 17 (BusinessDesk) – The New Zealand dollar slumped to its lowest this year on expectations an improving US economy may prompt its central bank to end its quantitative easing policy this year. Read more »

Article – BusinessDesk

Heartland among eight smaller NZ banks put on notice over rising housing risk by S&P Read more »

Article – BusinessDesk

May 16 (BusinessDesk) The latest reports on the US economy pointed to weakness, or at the least slower forward momentum, leading investors to press the brakes on Wall Street’s record run. Read more »

Article – Businesswire

May 16 (BusinessDesk) New Zealand shares fell after Telecom said competition in fixed-line sales meant full-year earnings would be at the bottom end of guidance, while Ryman Healthcare rose after chalking up another year of plus-15 percent earnings … Read more »

Article – Businesswire

May 16 (BusinessDesk) Wellington International Airport, which the Commerce Commission deems is extracting excessive profits, says a 20 percent increase in revenue from its airline customers reflects a new noise levy and the absence of an international … Read more »

Article – BusinessDesk

May 16 (BusinessDesk) – The New Zealand dollar came off its recent lows as Finance Minister Bill Englishs budget kept the operating surplus target for 2014/15 intact, and as support for the greenback stumbled after US manufacturing data missed expectations … Read more »

Article – BusinessDesk

May 16 (BusinessDesk) – The major international rating agencies have given Finance Minister Bill English the all-clear in todays budget, which sticks to reaching an operational surplus in the 2014/15 year. Read more »

Article – BusinessDesk

May 16 (BusinessDesk) – Telecoms Gen-i has agreed to sell its Davanti Consulting business in a management buy-out the latest step to trim down IT services unit. Read more »

Article – BusinessDesk

May 16 (BusinessDesk) – Compared to the last four budgets, this year’s reflects an economy moving out of recession and into calmer waters. Read more »

Article – BusinessDesk

May 16 (BusinessDesk) – The country’s most valuable electricity company, Meridian Energy, will be partially privatised in the second of this year, assuming market conditions make it a good time to sell, Finance Minister Bill English announced in … Read more »

Article – BusinessDesk

May 16 (BusinessDesk) – Accident Compensation Corp levies are projected to be cut progressively to give businesses savings of $1 billion a year by 2015/16, roughly cancelling out the impact of fiscal drag on the government’s accounts. Read more »