Archive for the 'Article' Category

MARKET CLOSE: NZ shares up, Mercury and Genesis gain

Article – BusinessDesk

MARKET CLOSE: NZ shares up, Mercury and Genesis gain while Xero flat on Drury selling Read more »

NZ dollar headed for 1% weekly fall

Article – BusinessDesk

Nov. 17 (BusinessDesk) – The New Zealand dollar was heading for a 1 percent weekly decline in the face of weaker commodity prices. Read more »

NZ households rein in house-price expectations

Article – BusinessDesk

Nov. 17 (BusinessDesk) – New Zealand households have dialled back their expectations on whether property prices will rise, although they still anticipate higher consumer prices, according to the Reserve Bank’s latest survey. Read more »

Sharesies to look at robo-advice once regulator rules

Article – BusinessDesk

Nov. 17 (BusinessDesk) – Start-up fund distribution platform Sharesies will develop a plan to provide personalised, automated financial advice, known as robo-advice, once there is more clarity about regulatory exemptions. Read more »

Precinct raises $100 mln in oversubscribed bond

Article – BusinessDesk

Nov. 17 (BusinessDesk) – Precinct Properties New Zealand has raised $100 million in an oversubscribed seven-year bond, paying annual interest at the bottom end of its indicative margin. Read more »

Speirs Group turns to annual loss

Article – BusinessDesk

Nov. 17 (BusinessDesk) – Speirs Group, the Palmerston North-based food processing business founded by the Speirs family, posted its first annual loss in four years after its salad business was hit by higher costs and weaker revenue as competition … Read more »

Electricity and dairy prices drive rise in 3Q

Article – BusinessDesk

Nov. 17 (BusinessDesk) – Higher electricity and farm-gate milk prices contributed to rises in both producer output and input prices in the September quarter. Read more »

Manufacturing activity dips in October

Article – BusinessDesk

Nov. 17 (BusinessDesk) – New Zealand’s manufacturing activity dipped in October, although economists say it’s too soon to tell whether the new Labour-led government has had an impact. Read more »

Wellington Drive Downgrades 2017 Guidance on Weaker Q3

Press Release – BusinessDesk

Nov. 17 (BusinessDesk) – Wellington Drive Technologies, which makes energy efficient motors for commercial refrigerators, widened its loss in the third quarter and downgraded its 2017 earnings guidance on slower customer demand, though it’s still forecasting … Read more »

Fletcher’s Building Products Head Matt Crockett Resigns

Press Release – BusinessDesk

Nov. 17 (BusinessDesk) – Fletcher Building said its building products division chief executive Matt Crockett has resigned to take up a role with a global consulting firm. Read more »

Xero Chief Boosts Stock Liquidity with $94.5M Share Sale

Press Release – BusinessDesk

Xero Chief Drury Boosts Stock Liquidity with $94.5M Share Sale as Exchange Switch Beckons Read more »

NZ dollar little changed as risk sentiment improves

Article – BusinessDesk

Nov. 17 (BusinessDesk) – The New Zealand dollar was little changed, having fallen to a two-week low overnight, as a measure of risk appetite improved but commodity prices fell, leaving the kiwi struggling against a mixed global backdrop. Read more »

While you were sleeping: Wal-Mart, Cisco rallies boosts mood

Article – BusinessDesk

Nov. 17 (BusinessDesk) – Wall Street gained as shares of Wal-Mart and those of Cisco rallied after posting earnings that beat expectations. Read more »

MARKET CLOSE: NZ shares up, Kathmandu and A2 lead gains

Article – BusinessDesk

MARKET CLOSE: NZ shares up, Kathmandu and A2 lead gains while Pushpay, Rakon rally on earnings Read more »

NZ dollar falls against Aussie

Article – BusinessDesk

Nov. 16 (BusinessDesk) – The New Zealand dollar fell against the Aussie dollar and the greenback after figures showed Australia’s jobless rate dropped to its lowest level in more than four years. Read more »

Chch City Holdings to sell up to $150 mln of 5-year bonds

Article – BusinessDesk

Christchurch City Holdings to sell up to $150 mln of 5-year bonds to pay dividends Read more »

Soul Machines partners with Autodesk

Article – BusinessDesk

Soul Machines partners with Autodesk to create digital employee, 8 other projects on the go Read more »

NZX goes back to basics in ‘fundamental reset’

Article – BusinessDesk

Nov. 16 (BusinessDesk) – NZX is renewing its focus on its core market platform in what the stock market operator calls a “fundamental reset” of the business to drive shareholder value and reinvigorate New Zealand’s capital markets. Read more »

UPDATE: Pushpay plans for US listing, capital raising

Article – BusinessDesk

(Updates withdetail ofUS stock exchange plans in paras 1 and 4, updates share price) Read more »

Genoapay plans Australian expansion, mulls US push

Article – BusinessDesk

Nov. 16 (BusinessDesk) – Genoapay, whose payment platform is available in 210 merchant stores around the country and upwards of 60 independent automotive, dental, veterinary, and hair and beauty stores, is planning to expand into Australia early next year … Read more »

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