Archive for the 'Article' Category

UPDATE: Hallenstein shares tumble on lower profit, dividend

Article – BusinessDesk

Feb. 5 (BusinessDesk) – Hallenstein Glasson Holdings shares dropped after the clothing retailer said first-half profit fell about 20 percent, and it will trim its interim dividend, because a weaker New Zealand dollar and competition crimped margins. Read more »

NZ directors more aware of risk, focus on cyber security

Article – BusinessDesk

Feb. 5 (BusinessDesk) – Directors of New Zealand companies are increasingly aware of risk, with more focus on online threats while reputation remains important, according to a survey from the Institute of Directors and risk management firm Marsh. Read more »

Hallenstein 1H profit falls 20% on competition, weak kiwi

Article – BusinessDesk

Feb. 5 (BusinessDesk) – Hallenstein Glasson Holdings, the clothing retailer, said profit declined about 20 percent in the first-half as a weaker New Zealand dollar and competition crimped margins. Read more »

NZ dollar hits fresh monthly high on fed hike doubts

Article – BusinessDesk

Feb. 5 (BusinessDesk) – The New Zealand dollar hit a new month-high as doubts grow as to whether the Federal Reserve will continue hiking interest rates this year, damping demand for the greenback. Read more »

While you were sleeping: US dollar loses lustre

Article – BusinessDesk

Feb. 5 (BusinessDesk) – Wall Street was mixed, as oil prices fluctuated, and the US dollar weakened as investors increasingly bet the Federal Reserve may hold off on raising interest rates. Read more »

MARKET CLOSE: NZ shares rise ahead of earnings season

Article – BusinessDesk

MARKET CLOSE: NZ shares rise ahead of earnings season; Steel & Tube, Westpac gain, Z, Skellerup fall Read more »

NZ dollar holds high on jobs stats, Wheeler guidance

Article – BusinessDesk

Feb. 4 (BusinessDesk) – The New Zealand dollar traded near a month-high as stronger headline labour market data and signals from Reserve Bank governor Graeme Wheeler that he won’t rush to cut interest rates trumped weaker prices at this week’s dairy … Read more »

Gvt plan for Northland targets transport, web, Maori assets

Article – BusinessDesk

Feb. 4 (BusinessDesk) – The government has released a 10-year plan to attract investors and lift economic growth in Northland, a region that perennially underperforms the rest of the country even while being endowed with natural beauty, productive land, … Read more »

NZ Honey’s fight with MPI reaches Court of Appeal

Article – BusinessDesk

Feb. 4 (BusinessDesk) – The stoush between New Zealand Honey International and the Ministry for Primary Industries over labelling has reached the Court of Appeal. Read more »

NZ Honey’s fight with MPI reaches Court of Appeal

Article – BusinessDesk

Feb. 4 (BusinessDesk) – The stoush between New Zealand Honey International and the Ministry for Primary Industries over labelling has reached the Court of Appeal. Read more »

Dick Smith employees in Australia underpaid by A$2 mln

Article – BusinessDesk

Feb. 4 (BusinessDesk) – Current and former New Zealand employees of Dick Smith are not part of the underpayment of staff annual leave, affecting entitlements worth A$2 million uncovered by the retail chains receiver, Ferrier Hodgson. Read more »

Celebrity, ‘your own crowd’ crucial to crowdfunding success

Article – BusinessDesk

Feb. 4 (BusinessDesk) – Kiwi startup DArcy Polychrome is commercialising a unique technology, drikolor, that could disrupt the global decorative paint market. Yet the firm raised only half of its minimum target in a recent equity crowdfunding offer. Read more »

Twelve nations formally sign TPPAin Auckland

Article – BusinessDesk

Feb. 4 (BusinessDesk) – TPP is a big deal, literally, said Prime Minister John Key at the formal signing ceremony in Auckland today involving the 12 Pacific Rim nations party to the controversial Trans Pacific Partnership Agreement which has … Read more »

RBNZ’s McDermott stresses forecasts are ‘conditional’

Article – BusinessDesk

Feb. 4 (BusinessDesk) – New Zealand’s central bank stressed that its forecasts are conditional, and open to change as new information arises. Read more »

Auckland house sales volumes jump to 8-year high in January

Article – BusinessDesk

Feb. 4 (BusinessDesk) – Auckland residential property sales volumes jumped to an eight-year high for the month of January, according to the city’s largest realtor. Read more »

NZX cash market trades rise 45% in January

Article – BusinessDesk

Feb. 4 (BusinessDesk) – Cash market trades on the NZX jumped 45 percent in January from a year earlier, dominated by equity transactions, while the value of stock trading fell 1.1 percent, the stock exchange operator’s monthly metrics show. Read more »

Fonterra Darnum JV to ship first product to China in 2H

Article – BusinessDesk

Fonterra’s Darnum JV with Beingmate to ship Chinese product in second half of 2016 Read more »

NZ dollar rises to month high after Wheeler speech

Article – BusinessDesk

Feb. 4 (BusinessDesk) – The New Zealand dollar touched a month-high after Reserve Bank governor Graeme Wheeler talked down the chances of another rate cut, while the greenback slipped on growing speculation the Federal Reserve won’t hike rates anytime … Read more »

While you were sleeping: US economic red flags

Article – BusinessDesk

Feb. 4 (BusinessDesk) – Equities on both sides of the Atlantic moved lower, even as Wall Street pared some its earlier losses as the price of oil bounced, amid persistent concern about the outlook for global economic growth and corporate profits. Read more »

MARKET CLOSE: NZ shares fall with commodities; A2 drops

Article – BusinessDesk

Feb. 3 (BusinessDesk) – New Zealand shares fell as weaker commodity prices weighed on equities in countries dependent on exports of raw materials. Synlait Milk, A2 Milk, Kathmandu Holdings and Air New Zealand declined, while Precinct Properties … Read more »

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