Archive for the 'Article' Category

NZ dollar falls ahead of Yellen speech, local inflation data

Article – BusinessDesk

April 15 (BusinessDesk) – The New Zealand dollar fell ahead of a speech by Federal Reserve chair Janet Yellen as investors look for insight into the US central banks view on interest rates and await tomorrows release of local inflation figures. Read more »

Ruataniwha consents approved in draft decision

Article – BusinessDesk

April 15 (BusinessDesk) The Tukituki Catchment Proposal Board of Inquiry has granted 17 resource consents relating to the $265 million Ruataniwha Water Storage Scheme in a draft decision that would open more of the Hawkes Bay to irrigation. Read more »

Tech stocks snap two-day decline on Wall Street relief rally

Article – BusinessDesk

Tech stocks snap two-day decline on Wall Street relief rally; Xero, Pacific Edge gain Read more »

Accounting standards chair Hoogervorst dark on Ebitda

Article – BusinessDesk

April 15 (BusinessDesk) The head of the global body responsible for setting accounting standards says he scratches his head over companies using an Ebitda measure of earnings but he understands why some prefer not to focus on net profit as a performance measure. Read more »

Telecom trims and extends banking facility

Article – BusinessDesk

April 15 (BusinessDesk) – Telecom Corp, the countrys biggest telecommunications company, has trimmed the size of a banking facility, while pushing out its maturity date until 2017. Read more »

Budget to show rise in full-time income to 2018: English

Article – BusinessDesk

Budget to show $10,500 rise in average full-time income over six years to 2018: English Read more »

Abano shareholder lobbied directors in bid to oust chairman

Article – BusinessDesk

April 15 (BusinessDesk) – Abano Healthcares biggest shareholder and former director Peter Hutson lobbied directors as early as last August to support the removal of chairman Trevor Janes and change strategy at the health clinic investor, according … Read more »

NZ Refining shutdown to trim FY revenue by up to US$15M

Article – BusinessDesk

NZ Refining 2014 processing revenue may be crimped by as much as US$15M on extended shutdown Read more »

Nufarm to close Auckland plant, shift local production to Oz

Article – BusinessDesk

April 15 (BusinessDesk) – Nufarm, the agricultural chemicals manufacturer, will close its New Zealand manufacturing plant in Auckland and shift regional production to a plant at Laverton, in the Australian state of Victoria. Read more »

Bathurst Resources needs extra day for capital raising

Article – BusinessDesk

April 14 (BusinessDesk) – Bathurst Resources says it needs an extra day to complete a discounted share placement raising funds to develop its controversial Escarpment open-cut coal mine on the Denniston Plateau near Westport. Read more »

Local body tax idea ‘a bit rich’, says Key

Article – BusinessDesk

April 15 (BusinessDesk) Prime Minister John Key made it clear he is no fan of a push by the local government lobby to be allowed to raise local taxes other than through property rates, saying the proposal is a bit rich. Read more »

NZ dollar drops to 2-mth low vs. A$ ahead of RBA minutes

Article – BusinessDesk

April 15 (BusinessDesk) The New Zealand dollar dropped to a two-month low against the Australian currency ahead of todays release of the Reserve Bank of Australias minutes of its meeting this month which is expected to confirm positive sentiment … Read more »

While you were sleeping: US consumers, Citigroup

Article – BusinessDesk

April 15 (BusinessDesk) Wall Street rose as solid US retail sales data and better-than-expected results from Citigroup calmed frayed nerves and reassured some investors about the outlook for the worlds largest economy and corporate profits. Read more »

MARKET CLOSE: NZ stocks fall with global tech rout

Article – BusinessDesk

April 14 (BusinessDesk) New Zealand shares followed Wall Street lower as investors question whether tech and high-growth companies can deliver the earnings growth implied by their valuations. Pacific Edge led the NZX 50 Index lower, while Xero and Diligent … Read more »

NZ dollar holds gains ahead of Yellen appearances

Article – BusinessDesk

April 14 (BusinessDesk) The New Zealand dollar held its gains of last week against the greenback before public statements by Federal Reserve chair Janet Yellen amid speculation she may clarify the central banks view on the start of any interest … Read more »

UPDATE – No deal, say Abano rebel shareholders to buyout bid

Article – BusinessDesk

April 14 (BusinessDesk) The brinksmanship between Abano Healthcare Group and two shareholders owning 19 percent of the company continues, with 15 percent shareholder Peter Hutson rejecting a bid from Abano for the 50 percent of Bay International that … Read more »

Hellaby adds $20M in annual sales buying NZ Trucks, Dasko

Article – BusinessDesk

April 14 (BusinessDesk) Hellaby Holdings, whose interests range from footwear to oil and gas services, expects to add $20 million to annual revenue after buying New Zealand Trucks South Island and Dasko Marketing NZ. Read more »

Abano calls dissident shareholders’ bluff with cash offer

Article – BusinessDesk

April 14 (BusinessDesk) Abano Healthcare is challenging a dissident shareholders’ view of the groups value by offering a price for 50 percent-owned Bay International well above the valuation given last week in a report for investors Peter Hutson and … Read more »

NZ Dollar Outlook: Kiwi at whim of US gyrations this week

Article – BusinessDesk

NZ Dollar Outlook: Kiwi at the whim of US gyrations this week as investors weigh interest rate track Read more »

Goodman Property builds three new developments for $44.4 mln

Article – BusinessDesk

April 14 (BusinessDesk) Goodman, the manager of Goodman Property Trust, said it plans to spend $44.4 million developing three new industrial properties. Read more »

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