Archive for the 'Article' Category

MARKET CLOSE: NZ shares fall on Greek worries; A2, Xero drop

Article – BusinessDesk

July 3 (BusinessDesk) – New Zealand shares fell as uncertainty over Greece’s debt default sapped risk appetite and demand for equities. A2 Milk Co, Xero and Fletcher Building declined. Pumpkin Patch sank to a record low. Read more »

NZ dollar heads for 1.8% weekly drop; Greek referendum looms

Article – BusinessDesk

July 3 (BusinessDesk) – The New Zealand dollar is heading for a 1.8 percent weekly decline as financial markets remain volatile ahead of Greece’s referendum on whether to accept a bailout package from its European creditors, and as the wheels start … Read more »

UPDATE: Beingmate slides further in Shenzhen tumble

Article – BusinessDesk

July 3 (BusinessDesk) – Beingmate Baby & Child Food Co shares have more than halved in value on the Shenzhen stock exchange over the past three weeks, pushing their price 21 percent below what Fonterra Cooperative Group paid for its 18.8 percent … Read more »

BAT NZ sucks up excise tax hike as annual earnings slip 3.9%

Article – BusinessDesk

July 3 (BusinessDesk) – British American Tobacco Holdings (New Zealand), the nation’s largest cigarette company, reported a 3.9 percent decline in annual profit as it absorbed the government’s latest hike in excise tax. Read more »

Murray Radford resigns as chairman of Mowbray

Article – BusinessDesk

July 3 (BusinessDesk) – Murray Radford will retire as chairman of Mowbray Collectibles as the auction house prepares to rename as Bethunes after selling units and repaying debt. Read more »

RESEND: Alliance shareholders confident of forcing meeting

Article – BusinessDesk

July 3 (BusinessDesk) – Disgruntled Alliance Group shareholders say they hope to have the support from 5 percent of their number within the next 10 days that’s required to force a special meeting to discuss the potential benefits and risks of a merger … Read more »

Alliance shareholders confident of forcing meeting on merger

Article – BusinessDesk

July 3 (BusinessDesk) – Disgruntled Alliance Group shareholders say they hope to have the support from 5 percent of their number within the next 10 days required to force a special meeting to discuss the potential benefits and risks of a merger … Read more »

Beingmate joins Shenzhen selloff

Article – BusinessDesk

Beingmate joins Shenzhen selloff to trade 12% below price Fonterra paid for 18.8% stake Read more »

Pumpkin Patch sees drop in 2016 earnings; shares tumble

Article – BusinessDesk

July 3 (BusinessDesk) – Pumpkin Patch, the ailing children’s clothing retailer, expects earnings next year will be “significantly below” this year amid increasingly challenging international wholesale markets and adverse forecast currency impacts. Read more »

Auckland house sales reach 11-year high for June month

Article – BusinessDesk

Auckland house sales reach 11-year high for June month as winter starts to bite Read more »

GE Finance NZ 2014 profit falls by 10%

Article – BusinessDesk

July 2 (BusinessDesk) – GE Finance and Insurance, part of General Electric’s finance arm which is selling down most of its assets worldwide, recorded a 10 percent fall in profit last year, reflecting a decline in finance income and rising costs. Read more »

NZX trading activity, value of turnover increase in June

Article – BusinessDesk

July 3 (BusinessDesk) – The volume and value of trading on New Zealand’s stock exchange increased last month, led by a gain in smaller-value trades. Read more »

MRP’s Metrix cans Trustpower contract before it begins

Article – BusinessDesk

July 3 (BusinessDesk) – MightyRiverPower’s Metrix metering business has walked away from a deal with Infratil-controlled Trustpower that would have supplied the power company’s 242,000 electricity customers with smart meters. Read more »

NZ dollar rebounds from fresh five-year low on US jobs

Article – BusinessDesk

NZ dollar rebounds from fresh five-year low as greenback falls on US job data Read more »

While you were sleeping: September hike in question

Article – BusinessDesk

July 3 (BusinessDesk) – Stocks on both sides of the Atlantic moved lower ahead of a Greek referendum this Sunday, while a US jobs report threw doubt over expectations the Federal Reserve will hike rates in September. Read more »

MARKET CLOSE: NZ shares rise; F&P Healthcare at record

Article – BusinessDesk

July 2 (BusinessDesk) – New Zealand shares rose as a weak kiwi dollar boosted sentiment for exporters such as Fisher & Paykel Healthcare. Chorus and Spark New Zealand advanced after the Commerce Commission issued its ruling on wholesale telecommunications … Read more »

NZ dollar drops below 67 US cts as dairy declines

Article – BusinessDesk

NZ dollar drops below 67 US cts as plunging milk price stokes rate cut calls Read more »

South Port says annual profit beats guidance on cargo flows

Article – BusinessDesk

July 2 (BusinessDesk) – South Port New Zealand said annual profit beat the top end of its guidance by about 7.1 percent after the Bluff port operator reported stronger cargo flows in the final quarter of the financial year. Read more »

TPP too big to fail, says visiting US trade deal specialist

Article – BusinessDesk

July 2 (BusinessDesk) – Too much political capital has been invested in the Trans-Pacific Partnership trade deal for it to fail at the final hurdle, says Peter Petri, a professor of international finance at Brandeis University and co-author of a study on the economic … Read more »

SeaDragon to raise $5M via discounted rights, placement

Article – BusinessDesk

SeaDragon to raise $5 mln via discounted rights issue, placement to fund transition to Nelson factory Read more »

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