Archive for the 'Article' Category

NZ credit ratings unaffected by government’s 2015 budget

Article – BusinessDesk

May 21 (BusinessDesk) – New Zealand’s credit ratings were unaffected by the government’s 2015 budget, Standard & Poor’s and Moody’s Investors Service say. Read more »

New $16 per head arrival fee to hit travellers

Article – BusinessDesk

May 21 (BusinessDesk) – Tourists and travellers arriving in New Zealand will face a $16 per head new border clearance levy from Jan. 1 next year to deal with fast-growing demands on customs and quarantine services. Read more »

Govt warns KiwiRail annual support won’t last

Article – BusinessDesk

May 21 (BusinessDesk) – State-owned rail operator KiwiRail takes the lion share of $249 million additional transport funding over the next four years, with an extra $209.8 million available for the year ahead and $190 million in the 2016/17 fiscal … Read more »

$4M extra for EPA to administer new resources regime

Article – BusinessDesk

May 21 (BusinessDesk) – The Environmental Protection Authoritys plea for additional funding to support administration of the new regime governing the Exclusive Economic Zone, with a $4 million boost to funding. Read more »

Carrot and stick budget measures for low income families

Article – BusinessDesk

May 21 (BusinessDesk) – The budget targets an additional $240 million a year to low income families on benefits and in work, but makes new demands of sole parents, including that they be work-ready by the time their youngest child turns three, rather than … Read more »

NZDMO adds $1 bln to bond programme in 2015/16 year

Article – BusinessDesk

May 21 (BusinessDesk) – The New Zealand Debt Management Office will increase borrowing by an extra $1 billion in the 2016 financial year, a period where the Treasury anticipates a bigger cash deficit as capital spending is expected to exceed cash flows. Read more »

Low inflation, ACC changes slash $3.2B from Crown balance

Article – BusinessDesk

Low inflation, ACC changes slash $3.2B from Crown balance, as KiwiSaver perk axed to help kids Read more »

NZ economic growth seen slowing amid low commodity prices

Article – BusinessDesk

May 21 (BusinessDesk) – New Zealand’s economic growth is expected to slow from previous forecasts as low global commodity prices weigh on the nation’s exports of primary products, which account for about 15 percent of the country’s overseas sales. Read more »

Chinese tourists to NZ rise to an annual record in April

Article – BusinessDesk

May 21 (BusinessDesk) – Chinese tourists visiting New Zealand rose to an annual record in April, helping push total visitor arrivals to a new high. Read more »

Chinese tourists to NZ rise to an annual record in April

Article – BusinessDesk

May 21 (BusinessDesk) – Chinese tourists visiting New Zealand rose to an annual record in April, helping push total visitor arrivals to a new high. Read more »

NZ migration rises to new annual record in April

Article – BusinessDesk

May 21 (BusinessDesk) – New Zealand migration rose to a new annual record in April, as more students arrived from India and China and fewer locals left for Australia. Read more »

Heartland flags profit at top end of guidance

Article – BusinessDesk

May 21 (BusinessDesk) – Heartland New Zealand, the bank formed through the merger of Canterbury and Southern Cross building societies with Marac Finance, says it expects full year profit to be at the upper end of its guidance range. Read more »

Rakon returns to annual profitability

Article – BusinessDesk

May 21 (BusinessDesk) – Rakon, the high-tech components manufacturer, has returned to profitability while doubling its debt and turning to a negative cash outflow, after an overhaul of operations which saw it closes its UK plant and shift production … Read more »

DNZ posts 66% gain in annual profit

Article – BusinessDesk

May 21 (BusinessDesk) – DNZ Property Fund, the sixth-biggest property stock on the NZX 50 Index by market capitalisation, posted a 66 percent gain in annual profit as it benefited from its property divestment plan, selling five properties and boosting … Read more »

CORRECT: Intueri sees FYearnings at bottom end of guidance

Article – BusinessDesk

May 21 (BusinessDesk) – Intueri Education Group, New Zealand’s largest private training college, expects annual earnings will be at the bottom end of guidance based on current trading performance, having missed prospectus targets in calendar 2014. Read more »

Augusta Capital increases FY earnings by 5%

Article – BusinessDesk

May 21 (BusinessDesk) – Augusta Capital, the listed property investor and fund manager, increased annual earnings by 5 percent as gains from its funds management business offset a decline in rental income. Read more »

Intueri sees annual earnings at bottom end of guidance

Article – BusinessDesk

May 21 (BusinessDesk) – Intueri Education Group, New Zealand’s largest private training college, expects annual earnings will be at the bottom end of guidance based on current trading performance, having missed prospectus targets in calendar 2014. Read more »

Zespri doubles FY profit on deferred revenues, sales jump

Article – BusinessDesk

May 21 (BusinessDesk) – Zespri International, which controls exports of New Zealand kiwifruit, more than doubled annual profit after it recognised deferred revenue from prior seasons, while lifting sales 16 percent on productivity gains and a shortage … Read more »

NZ dollar drops to 2-month low on outlook for rate cuts

Article – BusinessDesk

May 21 (BusinessDesk) – The New Zealand dollar fell to a two-month low as expectations of interest rate cuts weighed on the currency. Read more »

Jade Software narrows FY loss on Master Terminal unit growth

Article – BusinessDesk

May 20 (BusinessDesk) – Jade Software, the Christchurch-based software developer, narrowed its annual loss as revenue at its Master Terminal port management software grew at a faster pace than expected. Read more »

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