Archive for the 'Article' Category

Postie Plus brand gets 2nd chance with well-funded Pepkor

Article – BusinessDesk

July 23 (BusinessDesk) – The Postie Plus brand is getting a new lease of life after South Africa’s Pepkor bought the failed retailer’s assets out of administration and said it will use its purchasing power to reduce costs of stock and fatten margins. Read more »

Fonterra to lay off up to 110 staff at Waikato packing plant

Article – BusinessDesk

July 23 (BusinessDesk) – Fonterra Cooperative Group, the world’s biggest dairy exporter, may lay off a third of its workers at the Canpac packing facility in Waikato, which it plans to focus on paediatric nutritional products. Read more »

NZ dollar drops near six week low vs. Aussie

Article – BusinessDesk

NZ dollar drops near six week low vs. Aussie after RBA’s Stevens stays mum on currency Read more »

While you were sleeping: Wall Street hits record

Article – BusinessDesk

July 23 (BusinessDesk) – Wall Street rose, pushing the S&P 500 Index to a record high, as investors opted to focus on better-than-expected earnings from companies including Comcast and Chipotle Mexican Grill as well as solid inflation and housing … Read more »

MARKET CLOSE: NZ stocks mixed; A2 gains on China licence

Article – BusinessDesk

July 22 (BusinessDesk) – New Zealand shares were mixed, with the NZX 50 Index edging higher while more stocks fell. A2 Milk Co rose after securing a licence to export infant formula to China, while other so-called growth companies Pacific Edge and … Read more »

NZ dollar slips before US CPI as OCR review looms

Article – BusinessDesk

July 22 (BusinessDesk) – The New Zealand dollar fell before the release of US consumer prices for June, amid speculation inflation in the world’s biggest economy may have accelerated enough to bring forward the timing of interest rate hikes. Read more »

RBNZ sees review of bank, non-bank regs complete by Sept 15

Article – BusinessDesk

July 22 (BusinessDesk) – The Reserve Bank says it will complete a stock-take of regulations covering banks and non-bank deposit takers by September next year to ensure they’re as streamlined as possible given the layers of complexity added with the Basel III … Read more »

Oceania Living mulls listing in midst of rest home boom

Article – BusinessDesk

July 22 (BusinessDesk) – Oceania Living, the retirement village operator owned by funds associated with Macquarie Group, is mulling a public listing, raising funds in a sector that’s in the midst of a building boom aimed at capitalising on an aging … Read more »

Electricity Authority seeks protection for small retailers

Article – BusinessDesk

July 22 (BusinessDesk) – Power companies face new restrictions on the widespread practice of “saving” and “winning back” customers who’ve decided to switch to another retailer for a more competitive offer, under new rules the Electricity … Read more »

UPDATE: A2 Milk shares rise from 15-mth low on China licence

Article – BusinessDesk

UPDATE: A2 Milk shares bounce from 15-month low on Chinese licence; Synlait still waiting Read more »

Regulator’s draft view trims returns for network monopolies

Article – BusinessDesk

Regulator’s draft view on monopoly networks would be $33M a year win for consumers Read more »

A2 Milk secures Chinese licence, Synlait still waiting

Article – BusinessDesk

July 22 (BusinessDesk) – A2 Milk Co, which markets milk with a protein variant said to have health benefits, has won Chinese regulatory approval to export its a2 Platinum infant formula and says its milk processor Synlait Milk continues to wait for registration. Read more »

Moa boosts first quarter sales, expects higher margins

Article – BusinessDesk

July 22 (BusinessDesk) – Moa Group, the unprofitable boutique beer maker, increased first quarter sales volumes 95 percent after moving to a more direct distribution structure in New Zealand, its largest market. Read more »

Chorus services ‘cynical attempt’ to dodge rules: CallPlus

Article – BusinessDesk

July 22 (BusinessDesk) – The Commerce Commission will investigate a claim Chorus’s plans to deliver broadband services outside the current terms of regulation are still captured by the legislation and breach the Telecommunications Act. Read more »

NZ dollar slips ahead of RBNZ’s OCR review

Article – BusinessDesk

July 22 (BusinessDesk) – The New Zealand dollar slipped as investors weigh the negative signs of a slowing economy against the lure of rising interest rates. Read more »

While you were sleeping: Eyes on Ukraine, Gaza conflicts

Article – BusinessDesk

July 22 (BusinessDesk) – Equities fell on both sides of the Atlantic as concern about the potential impact of intensifying tensions in Ukraine and Gaza overshadowed US second-quarter earnings. Read more »

MARKET CLOSE:NZ shares rise as earnings loom; Air NZ gains

Article – BusinessDesk

July 21 (BusinessDesk) – New Zealand stocks rose as investors gauged the potential for listed companies to deliver earnings growth when results season kicks off next month. Air New Zealand led gainers, having sold off on Friday after a Malaysian passenger … Read more »

NZ dollar gains after Griffin’s deal; rate review looms

Article – BusinessDesk

July 21 (BusinessDesk) – The New Zealand dollar rose as the $700 million sale of Griffin’s Foods to a Philippines-based company stoked expectations of demand for the kiwi and as traders pondered the likely language the Reserve Bank will use if … Read more »

UPDATE: NZ Post to sell Australian Couriers Please unit

Article – BusinessDesk

(Updates to show drop in goodwill offset by increase in brands value in 3rd graph) Read more »

Ryman snags Tropicana in Auckland residential village push

Article – BusinessDesk

July 21 (BusinessDesk) – Ryman Healthcare, the country’s biggest listed retirement village builder and operator, has bought Tropicana, an 8.9 hectare block in Auckland’s south eastern area of Lynfield and Blockhouse Bay to expand its range of units in … Read more »

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