Archive for the 'Article' Category

MPI finds Mycoplasma bovis on four new farms

Article – BusinessDesk

Dec. 12 (BusinessDesk) – The Ministry for Primary Industries says four new properties have tested positive for the bacterial cattle disease Mycoplasma bovis, including the first outbreak in the North Island, and strongly suspects a fifth property may … Read more »

Moana NZ posts little-changed full-year profit

Article – BusinessDesk

Moana NZ posts little-changed full-year profit as returns from lobster, fin fish fall; lifts dividend Read more »

FMA makes final call for Hanover investors to lodge claims

Article – BusinessDesk

Dec. 12 (BusinessDesk) – The Financial Markets Authority is urging the last 582 former Hanover Finance investors to lodge their claim on the $18 million settlement reached with the failed lender’s directors and promoters. Read more »

Rangatira Investments takes 50% stake in Mrs Higgins

Article – BusinessDesk

Dec. 12 (BusinessDesk) – Rangatira Investments has taken a 50 percent stake in specialist cookie retailer Mrs Higgins, and will help bankroll a new manufacturing plant due to open in February as well as further expansion. Read more »

F&P Healthcare extends patent fight vs ResMed

Article – BusinessDesk

Dec. 12 (BusinessDesk) – Fisher and Paykel Healthcare has extended its patent fight with ResMed to Australia, seeking damages and injunctions to halt sales of its rival’s products that it says infringed four patents. Read more »

Kiwi Property bond offer oversubscribed

Article – BusinessDesk

Dec. 12 (BusinessDesk) – Kiwi Property Group has raised $125 million in seven-year bonds, accepting $50 million in oversubscriptions after a bookbuild set the interest rate at the bottom end of the indicative range. Read more »

Mānuka honey testing introduced as UK accepts NZ trademark

Article – BusinessDesk

Dec. 12 (BusinessDesk) – Mnuka honey will be given an official marker under a new testing regime issued by the Ministry for Primary Industries, as the UK recognises New Zealand’s rights to the name. Read more »

GeoOp to raise funds in the new year to get to break even

Article – BusinessDesk

Dec. 12 (BusinessDesk) – GeoOp plans to raise fresh capital in the new year after a scuttled initial public offering across the Tasman to help the management app developer break even. Read more »

Napier Port profit hits record in 2017

Article – BusinessDesk

Dec. 12 (BusinessDesk) – Napier Port lifted net profit to a record this year as the Kaikoura earthquake meant it benefited from atypically high cargo volumes, and it wants to expand so it can handle larger tourism and trade ships Read more »

NZ guest nights rise in October on good weather

Article – BusinessDesk

Dec. 12 (BusinessDesk) – New Zealand national guest nights rose in October from a year earlier as demand was bolstered by good weather, a longer ski season and more school holidays. Read more »

CRP says rejection of EPA costs claim will hurt cashflow

Article – BusinessDesk

Chatham Rock Phosphate will take legal advice on its next steps after the High Court dismissed its application to review costs charged by the Environmental Protection Authority, something it said will hurt its cash flow. Read more »

ERoad plans $18m capital raise as it pushes US expansion

Article – BusinessDesk

Dec. 12 (BusinessDesk) – ERoad is in a trading halt as it looks to raise at least $18 million through a placement and a share purchase plan to fund an upgrade of its back-end systems amid a push into North America. Read more »

Ryman buys Victoria University’s Karori campus

Article – BusinessDesk

Dec. 12 (BusinessDesk) – Ryman Healthcare, New Zealand’s largest retirement village operator, has bought Victoria University of Wellington’s former Karori campus for an undisclosed sum to convert into a retirement village. Read more »

OG Oil & Gas crosses 50% threshold in bid for NZOG

Article – BusinessDesk

Dec. 12 (BusinessDesk) – OG Oil & Gas has crossed the 50 percent threshold needed to win control of NZX-listed New Zealand Oil & Gas in a partial takeover of the local energy explorer and producer, meaning it now just needs regulatory approval to declare … Read more »

NZ dollar climbs to two-week high on Orr appointment

Article – BusinessDesk

Dec. 12 (BusinessDesk) – The New Zealand dollar rose to a two-week high on optimism about the appointment of Adrian Orr as next governor of the Reserve Bank, while globally, markets are awaiting a raft of central bank reviews this week. Read more »

While you were sleeping: Shazam, Wall St rises again

Article – BusinessDesk

Dec. 12 (BusinessDesk) – Wall Street moved higher, while the US dollar and Treasuries fell, as Federal Reserve policy makers are expected to be gearing up to raise interest rates for the third time this year. Read more »

Govt to boost sustainable farming fund for smaller projects

Article – BusinessDesk

Dec. 11 (BusinessDesk) – Agriculture Minister Damien O’Connor will pour more resource into the Ministry for Primary Industries sustainable farming fund to back small projects he says “deliver what people want” Read more »

MARKET CLOSE: NZ shares rise, led by Metro Glass, Heartland

Article – BusinessDesk

Dec. 11 (BusinessDesk) – New Zealand shares rose, led by Metro Performance Glass and Heartland Bank, while dairy-related companies A2 Milk Co and Synlait Milk continued to weaken. Read more »

NZ dollar jumps as Orr named governor

Article – BusinessDesk

Dec. 11 (BusinessDesk) – The New Zealand dollar jumped after NZ Superannuation Fund chief Adrian Orr was named as next governor of the Reserve Bank, installing a seasoned veteran well known by the business community and possibly more hawkish than the incumbent. Read more »

UPDATE: Super Fund boss Adrian Orr appointed next RBNZ gov

Article – BusinessDesk

Dec. 11 (BusinessDesk) – New Zealand Superannuation Fund chief executive Adrian Orr has been named the next Reserve Bank governor, starting in late March 2018. Read more »

« Previous PageNext Page »