Archive for the 'Article' Category

Fletcher drops Horokiwi Quarries from Higgins purchase

Article – BusinessDesk

June 30 (BusinessDesk) – Fletcher Building has dropped the Horokiwi Quarries from its application to buy rival construction company Higgins Group Holdings, a step that may help win approval from the Commerce Commission which today delayed its ruling … Read more »

O:Tu winemaker Marlborough Wine Estates trades on NXT

Article – BusinessDesk

June 30 (BusinessDesk) – Marlborough Wine Estates Group, the Chinese-owned winemaker, rose 35 percent in its NZX debut after a compliance listing on the NXT market. Read more »

NZ government extends drought classification

Article – BusinessDesk

June 30 (BusinessDesk) – The government has extended a drought classification for the eastern South Island until the end of the year, meaning the area will have officially been in drought for almost two years, the longest period for such a category. Read more »

Kiwi bus maker, director Allott embroiled in US fraud case

Article – BusinessDesk

June 29 (BusinessDesk) – Kiwi bus maker Global Bus Ventures (NZ), which is supplying buses to the winner of public transport contracts in South Auckland, and director Murray Allott are entangled in a wide-ranging US lawsuit that alleges fraud, bribery, … Read more »

Sky TV, Vodafone play down competitive threat

Article – BusinessDesk

June 30 (BusinessDesk) – Sky Network Television and Vodafone New Zealand are playing down the threat to competition posed by a merged telecommunications and pay-TV operator in the markets they currently operate in, which they say has plenty of rivals. Read more »

NZ residential building consents decline 0.9% in May

Article – BusinessDesk

June 30 (BusinessDesk) – New Zealand residential building consents declined 0.9 percent in May with Auckland permits still falling short of demand. Read more »

Pushpay seeks at least US$30 mln through investment bank

Article – BusinessDesk

June 30 (BusinessDesk) – Pushpay Holdings, whose mobile payment app allows churches to raise money from parishioners, wants to raise at least US$30 million from investors in the US where it is targeting growth. Read more »

Kathmandu raises annual profit forecast; shares jump 16%

Article – BusinessDesk

June 30 (BusinessDesk) – Kathmandu Holdings raised its forecast for annual earnings as the outdoor equipment chain boosts margins from new products, better management of promotional activity and cost savings. Its shares jumped 16 percent. Read more »

Fonterra announces lower Australian farmgate milk price

Article – BusinessDesk

June 30 (BusinessDesk) – Fonterra Cooperative Group announced a lower opening price for its Australian farmer suppliers in the upcoming season, and said it expects prices to recover over the year ahead. Read more »

Z Energy affirms savings forecast from Caltex tie-up

Article – BusinessDesk

June 30 (BusinessDesk) – Z Energy still expects to cut annual costs by between $25 million and $30 million from its acquisition of Chevron New Zealand, and has started the process to sell 19 service stations which was a condition of the tie-up. Read more »

Financial advisers have lifted their game

Article – BusinessDesk

June 30 (BusinessDesk) – New Zealand’s financial advisers have lifted their game since a new regime came into effect six years ago, leaving the practice of switching life insurance policies between providers as one of the last holes left for the regulator … Read more »

While you were sleeping: Stocks, oil rally

Article – BusinessDesk

June 30 (BusinessDesk) – Global equites extended their rally amid bets central banks will help ease the impact of the UKs decision to leave the European Union on the global economy and corporate profits. Read more »

NZ dollar pushes above 71 US cents

Article – BusinessDesk

June 30 (BusinessDesk) – The New Zealand dollar popped above 71 US cents overnight as investors regained some confidence after the UK last week voted to leave the European Union. Read more »

Bill English says NZ well placed to deal with Brexit turmoil

Article – BusinessDesk

June 29 (BusinessDesk) – Finance Minister Bill English has insisted New Zealand is better placed than most countries to manage any turmoil generated by the decision of British voters to back leaving the European Union. Read more »

MARKET CLOSE: NZ stocks rise along with global markets

Article – BusinessDesk

June 29 (BusinessDesk) – New Zealand stocks rose on stronger turnover as global markets bounced following days of selling, with Metro Performance Glass, Xero and A2 Milk Co gaining. Read more »

NZ dollar gains as Brexit-induced volatility eases

Article – BusinessDesk

June 29 (BusinessDesk) – The New Zealand dollar gained as the extreme level of volatility in financial markets since last week’s British vote to quit the European Union eased a little, though the prospect of another rate cut could ensure any rally is short-lived. Read more »

Hellaby Holdings jumps 7% on sale of equipment group

Article – BusinessDesk

June 29 (BusinessDesk) – Shares in Hellaby Holdings are the biggest riser on the NZX, jumping 7.3 percent to $2.65 off the back of the sale of its equipment group to a private equity fund for $81 million. Read more »

Christchurch convention centre build to proceed without PCNZ

Article – BusinessDesk

June 29 (BusinessDesk) – After protracted negotiations, the government has ditched the construction consortium it picked to build Christchurch’s replacement convention centre, which it now anticipates delivering at least two years behind the original … Read more »

R&D grants stop companies gaming system to get tax credits

Article – BusinessDesk

June 29 (BusinessDesk) – New Zealand’s research and development grant system administered through Callaghan Innovation stops companies gaming the system by reclassifying spending to qualify for tax credits, Science and Innovation Minister Steven Joyce says. Read more »

FMA puts advisers on notice over replacement life insurance

Article – BusinessDesk

June 29 (BusinessDesk) – The Financial Markets Authority is keeping a close watch on the small group of financial advisers selling large volumes of replacement life insurance, which could be driving up the cost for consumers. Read more »

« Previous PageNext Page »