Archive for the 'Article' Category

Annual NZ consumer prices rise 2.2% in 1Q

Article – BusinessDesk

April 20 (BusinessDesk) – New Zealand consumer prices rose at their fastest annual pace in five-and-a-half years in the first quarter of 2017 as rising fuel prices, a tax on cigarettes and tobacco and the hot housing market stoked inflation. Read more »

Abano to sue biggest shareholder for takeover costs

Article – BusinessDesk

April 20 (BusinessDesk) – Abano Healthcare Group will sue its biggest shareholder Healthcare Partners Holdings for unpaid costs stemming from the investor’s latest attempt to wrest control of the medical services investor. Read more »

$30 mln kiwifruit orchard investment

Article – BusinessDesk

April 20 (BusinessDesk) – Maori trustee Te Tumu Paeroa and Bay of Plenty Regional Council investment arm Quayside Holdings plan to spend $30 million to build 10 kiwifruit orchards on Maori land in the next year and a half. Read more »

Confident TAG Oil commits C$27.4M to capex in 2017/18

Article – BusinessDesk

April 20 (BusinessDesk) – Vancouver-based onshore Taranaki oil and gas explorer and producer TAG Oil is forging ahead with capital expenditure of C$27.4 million of exploration, production and work-over projects, with another C$8.4 million available if farm-in … Read more »

Restaurant Brands annual profit rise 7.8%

Article – BusinessDesk

April 20 (BusinessDesk) – Restaurant Brands New Zealand, the fast food operator, lifted annual profit 7.8 percent as its local KFC business generated record sales, bolstered by the recently acquired Australian KFC business, allowing directors to … Read more »

Mercury nudges up earnings guidance

Article – BusinessDesk

April 20 (BusinessDesk) – Mercury Energy, the electricity generator-retailer formerly known as MightyRiverPower, increased annual earnings guidance 2 percent as unseasonably strong inflows in the Waikato catchment lifted the power company’s hydro generation. Read more »

NZ dollar falls as weaker commodity prices weigh

Article – BusinessDesk

April 20 (BusinessDesk) – The New Zealand dollar fell as weaker commodity prices sapped demand for currencies linked to primary production and ahead of local figures expected to show consumer prices rose at their fastest annual pace in more than five … Read more »

While you were sleeping: IBM disappoints

Article – BusinessDesk

April 20 (BusinessDesk) – Wall Street was mixed, reflecting better-than-expected corporate earnings including from Morgan Stanley as well as disappointing results from IBM. Read more »

Gregg’s on the block

Article – BusinessDesk

April 19 (BusinessDesk) – Ownership of two of New Zealand’s oldest food brands, Gregg’s and Raro, is up for grabs as the Japanese owner of the Cerebos businesses in New Zealand and Australia puts them up for sale. Read more »

NZ dollar bounces from 7 1/2-month low

Article – BusinessDesk

April 19 (BusinessDesk) – The New Zealand dollar bounced from a seven-and-a-half month low against the British pound after UK Prime Minister Theresa May called a snap election in an effort to seize a stronger mandate to negotiate her nation’s … Read more »

NZ shares fall as Fletcher Building speculation weighs

Article – BusinessDesk

April 19 (BusinessDesk) – New Zealand stocks fell as Fletcher Building dropped near a year-low with speculation the firm is vulnerable to a corporate raid and as global equity markets were subdued with the protracted stand-off between the US and North … Read more »

Woodhouse unveils ‘Kiwis first’ immigration policy

Article – BusinessDesk

April 19 (BusinessDesk) – The government is committed to a “Kiwis first” immigration policy, making it harder for firms to hire overseas with new restrictions on temporary work visas for anyone earning less than the median wage, Immigration Minister Michael … Read more »

Syft Technologies moves back to Unlisted market

Article – BusinessDesk

April 19 (BusinessDesk) – Syft Technologies, which makes high-tech chemical sniffer devices to test air quality, moved its share trading platform back to the Unlisted market to improve liquidity and raise its profile as it eyes a future capital raising. Read more »

NZ services sector expands in March

Article – BusinessDesk

April 19 (BusinessDesk) – Activity in New Zealand’s services sector, which accounts for about two-thirds of the economy, expanded in March as the new orders/business sub-index pushed higher as record migration and tourism have underpinned recent gains … Read more »

NXT-listed Marlborough Wine Estates more than halves sales

Article – BusinessDesk

April 19 (BusinessDesk) – NXT-listed winemaker Marlborough Wine Estates has more than halved its expected sales to a related party that’s a major distribution channel in Asia. Read more »

NZ dollar dives vs Sterling as UK faces snap election

Article – BusinessDesk

April 19 (BusinessDesk) – The New Zealand dollar fell to a seven-and-a-half-month low against the British pound after UK Prime Minister Theresa May called a snap election to seek a stronger mandate to negotiate her country’s exit from the European Union. Read more »

Dairy product prices advance for a third consecutive auction

Article – BusinessDesk

April 19 (BusinessDesk) – Dairy product prices rose at the Global Dairy Trade auction, rising for the third time in a row and offering a boost to sentiment. Read more »

While you were sleeping: Goldman Sachs, J&J disappoint

Article – BusinessDesk

April 19 (BusinessDesk) – Wall Street slid amid disappointing results including from Goldman Sachs and Johnson & Johnson. Read more »

MARKET CLOSE: NZ stocks inch higher

Article – BusinessDesk

April 18 (BusinessDesk) – New Zealand stocks edged higher as interest in high-yielding stocks including Trustpower and several property companies was offset by some portfolio reshuffling after the Oceania Healthcare initial public offering weighed on stocks … Read more »

Immigration tweaks Wednesday, Cabinet reshuffle next week

Article – BusinessDesk

April 18 (BusinessDesk) – Immigration Minister Michael Woodhouse will announce tweaks to the immigration system, Prime Minister Bill English told his post-Cabinet media conference. Read more »

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