Archive for the 'Article' Category

NZ building consents fall for a third month in February

Article – BusinessDesk

March 31 (BusinessDesk) – New Zealand residential building consents declined for a third month in February, as the pace of new home building slowed. Read more »

PAYE for NZ firms proposed in biggest tax shake-up since ’57

Article – BusinessDesk

March 31 (BusinessDesk) – The government is floating the idea of businesses paying their tax on a pay-as-you-go (PAYE) basis, like individual taxpayers, in the biggest proposed shake-up of one of the building blocks of the income tax system since its … Read more »

Fonterra ‘holding its own’ as farmers eye alternatives

Article – BusinessDesk

Fonterra says it’s holding its own in Canterbury as farmer suppliers look to new processors Read more »

Appeal Court rejects MTF Sportzone appeal over credit fee

Article – BusinessDesk

March 31 (BusinessDesk) – The Court of Appeal has dismissed an appeal by Motor Trade Finance and Sportzone Motorcyles over breaches of the Credit Contracts & Consumer Finance Act and the Fair Trading Act. Read more »

Kirkcaldie taps former chief Shewell as acting CEO while hun

Article – BusinessDesk

March 31 (BusinessDesk) – Kirkcaldie & Stains, the upscale Wellington department store, named former managing director Philip Shewell as acting chief executive while it searches for a replacement for John Milford. Read more »

NZ dollar charts record high vs. Australian dollar

Article – BusinessDesk

NZ dollar charts record high vs. Australian dollar on RBA rate cut talk, weak iron ore Read more »

While you were sleeping: Stocks rally amid deals

Article – BusinessDesk

March 31 (BusinessDesk) – Equities rallied amid a flurry of corporate takeovers as well as comments from Chinas central bank governor that the government plans to bolster the economy and stoke inflation. Read more »

NZers see benefits from closer economic ties with Asia

Article – BusinessDesk

March 31 (BusinessDesk) – New Zealanders see positive spin-offs coming from the nations growing economic ties across Asia, although they have become wary of investment from the region, which has been blamed for pushing up house prices in Auckland. Read more »

Mark Powell to depart Warehouse by Feb 2016 after 4 years

Article – BusinessDesk

March 30 (BusinessDesk) – Mark Powell will step down as chief executive of Warehouse Group by February 2016 after 14 years, the last four as chief executive that saw him revamp the retailer’s so-called ‘Red Sheds’ and steer its online strategy. Read more »

NZ dollar slips ahead of dairy auction, US payrolls

Article – BusinessDesk

March 30 (BusinessDesk) – The New Zealand dollar fell ahead of key US manufacturing and employment reports, and before a dairy auction where buyers will have to absorb increased volumes of milk powder on offer. Read more »

REFILE: MARKET CLOSE: NZ shares follow ASX lower

Article – BusinessDesk

March 30 (BusinessDesk) – New Zealand shares fell paced by Xero, Spark New Zealand and other dual listed stocks as investors across the Tasman sold off stocks after a major capital raising. Meridian Energy fell ahead of its instalment receipt coming … Read more »

MARKET CLOSE: NZX follows ASX lower, paced by Spark, Xero

Article – BusinessDesk

March 30 (BusinessDesk) – New Zealand shares fell paced by Xero, Spark New Zealand and other dual listed stocks as investors across the Tasman sold off stocks after a major capital raising. Meridian Energy fell ahead of its instalment receipt coming … Read more »

Update: Synlait falls 12% on first-half loss; lower guidance

Article – BusinessDesk

March 30 (BusinessDesk) – Shares of Synlait Milk, which has taken a cornerstone stake in Sichuan New Hope Nutritional Foods Co to gain direct interest in a Chinese infant formula brand, fell as much as 12 percent after the dairy company turned in a first-half … Read more »

NZ employment confidence rises with optimism about earnings

Article – BusinessDesk

March 30 (BusinessDesk) – New Zealanders have become more confident about the labour market and confident they’ll be able to earn more in a growing economy. Read more »

NZ dollar may sink to 70 cts in 2015: BusinessDesk survey

Article – BusinessDesk

NZ dollar may sink to 70 US cents in 2015 on resurgent greenback: BusinessDesk survey Read more »

Synlait shares fall 12% after posting a first-half loss

Article – BusinessDesk

March 30 (BusinessDesk) – Shares of Synlait Milk, the dairy company which has taken a cornerstone stake in Sichuan New Hope Nutritional Foods Co to gain direct interest in a Chinese infant formula brand, fell 12 percent after it turned to a loss in the … Read more »

NZ puts seven new oil and gas areas put up for tender

Article – BusinessDesk

March 30 (BusinessDesk) – A total of seven new areas will be opened up to oil and gas exploration under its block offer tendering system, as the New Zealand government seeks to concentrate activity in a few strategically chosen areas. Read more »

Zespri says kiwifruit volumes back to pre-Psa volumes

Article – BusinessDesk

March 27 (BusinessDesk) – Zespri, the worlds largest marketing exporter, says this seasons volumes are forecast to be back to the levels they were prior to the Psa virus hitting the $1.3 billion industry four years ago. Read more »

Kiwi dollar falls against pound as BOE signals rate rise

Article – BusinessDesk

NZ dollar falls to one-week low vs British pound after BoE’s Carney says next move is up Read more »

World Week Ahead: All about the economy

Article – BusinessDesk

March 30 (BusinessDesk) – Investors will scrutinise the latest US jobs data this week, with private payrolls, weekly jobless claims and the governments official report at the end of a holiday-shortened week. Read more »

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