Archive for the 'Article' Category

NZ terms of trade fall 1.8% in third quarter

Article – BusinessDesk

Dec. 1 (BusinessDesk) – New Zealand’s terms of trade fell in the third quarter, reflecting a decline in the value, price and volume of exports. Dairy, meat and forestry shipments led the drop. Read more »

Spark buys remaining stake in UFB installer Connect 8

Article – BusinessDesk

Dec. 1 (BusinessDesk) – Spark New Zealand, the country’s biggest telecommunications company, agreed to buy the remaining half share of fibre construction business Connect 8 from its joint venture partner Vocus Communications for an undisclosed sum. Read more »

NZOG board recommends sale of Kupe stake

Article – BusinessDesk

Dec. 1 (BusinessDesk) – New Zealand Oil & Gas has recommended shareholders support the proposed sale of the energy explorer and producer’s stake in the Kupe oil and gas field, after an independent appraisal report deemed the offer was fair. Read more »

NZ dollar falls as economic data, Opec cuts stoke greenback

Article – BusinessDesk

Dec. 1 (BusinessDesk) – The New Zealand dollar fell below 71 US cents after stronger-than-expected private payrolls and consumer spending data in the US and a surge in the price of crude oil added to expectations US inflation will accelerate, driving up interest … Read more »

Former F&P Healthcare boss wins Beacon leadership award

Article – BusinessDesk

Nov. 30 (BusinessDesk) – Michael Daniell, the former boss and current director of Fisher & Paykel Healthcare, has won the New Zealand Shareholders Associations 2016 Beacon Award for guiding the company from a tiny startup with a handful of staff … Read more »

Institutional investors now dominate media company ownership

Article – BusinessDesk

Dec. 1 (BusinessDesk) – Institutional investors now dominate the ownership and governance of New Zealand media companies, according to the sixth annual update on local media ownership from the Auckland University of Technology’s Journalism, Media and Democracy … Read more »

Leader Products bought by Pacific Equity Partners’ Patties

Article – BusinessDesk

Nov. 30 (BusinessDesk) – Leader Products, the New Zealand frozen convenience food manufacturer has been bought by Australian food maker Patties. No price has been disclosed. Read more »

Big guns blindside start-up news business

Article – BusinessDesk

Nov. 30 (BusinessDesk) – The country’s two largest news publishers blindsided a start-up competitor involving two of the country’s most experienced journalists, publishing a marketing pitch for a revamped Newsroom service as part of their submissions supporting … Read more »

Puhoi to Warkworth road consortium gets OIO approval

Article – BusinessDesk

Nov. 30 (BusinessDesk) – The Overseas Investment Office has approved the sale of 1,700 hectares of land to the consortium which is to build and maintain the Puhoi to Warkworth road, connecting Auckland to Northland. Read more »

Mike Petersen convinced “something will come out of TPP”

Article – BusinessDesk

Nov. 30 (BusinessDesk) – New Zealand’s special agricultural trade envoy, Mike Petersen, remains convinced that something will come out of the Trans-Pacific Partnership trade and investment agreement. Read more »

Wheeler sees role for debt-to-income restrictions

Article – BusinessDesk

Nov. 30 (BusinessDesk) – Reserve Bank governor Graeme Wheeler says the central bank would look to introduce debt-to-income (DTI) lending restrictions if it saw house price inflation driven by credit, adding a lever to its macro-prudential toolkit … Read more »

NZ dollar rises as greenback’s rally takes a pause

Article – BusinessDesk

Nov. 30 (BusinessDesk) – The New Zealand dollar rose as the US dollar index extended its slide from a 16-year high, with the greenback’s direction said to be driven by month-end grooming by fund managers and a market preparing for US payrolls data on … Read more »

Airlines expected to rake in US$67.4 billion globally

Article – BusinessDesk

Nov. 30 (BusinessDesk) – The amount airlines make from charging travellers for extras such as in-flight food and drink or selecting a seat with more leg room, is forecast to rise by 13.8 percent this year to US$67.4 billion. Read more »

NZ shares down, Orion fall continues while Spark, A2 gain

Article – BusinessDesk

Nov. 30 (BusinessDesk) – New Zealand shares dipped with Orion Health Group extending its losses from Monday, while Spark New Zealand and A2 Milk Co gained. Read more »

While you were sleeping: Oil surges on OPEC deal

Article – BusinessDesk

Dec. 1 (BusinessDesk) – Oil rallied, as did energy stocks, after OPEC agreed on details to cut output for the first time in eight years as it aims to stem a global glut. Read more »

NZ business confidence slips as credit availability tightens

Article – BusinessDesk

Nov. 30 (BusinessDesk) – New Zealand business confidence fell in November as pessimistic manufacturers offset upbeat farmers, construction firms and service companies. Read more »

Godfrey Hirst loses bid to halt Cavalier’s domination

Article – BusinessDesk

Nov. 30 (BusinessDesk) – Australian-owned carpet maker Godfrey Hirst has lost a bid to overturn plans backed by rival Cavalier Corp to create a monopoly in New Zealand wool scouring. Read more »

Update: New licensing regime for insolvency practitioners

Article – BusinessDesk

Commerce and Consumer Affairs Minister Paul Goldsmith, who is introducing a new licensing regime for insolvency practitioners, said between 10 and 20 percent of them fall short of reasonable expectations. Read more »

Insolvency practitioners to be licensed under new regime

Article – BusinessDesk

Nov. 30 (BusinessDesk) – The government is introducing a long-awaited licensing regime for insolvency practitioners after finding the current system too loose and enabling dishonesty and incompetence. Read more »

Cavalier shares halted pending Appeal Court judgment

Article – BusinessDesk

Nov. 30 (BusinessDesk) – Cavalier Corp shares were halted from trading as the New Zealand carpet maker awaits the outcome of an appeal against a High Court ruling which gave the green light to the merger of its wool scouring operations. Read more »

« Previous PageNext Page »