Archive for the 'Article' Category

NZ consumer confidence nudges up in April

Article – BusinessDesk

April 23 (BusinessDesk) – New Zealand consumer confidence nudged up in April, boding well for future economic growth. Read more »

NZ Reserve Bank ‘not considering’ increase in interest rates

Article – BusinessDesk

April 23 (BusinessDesk) – The Reserve Bank of New Zealand isn’t considering an increase in interest rates at present and is watching for any signs of weakening demand and domestic inflationary pressures that could warrant a rate cut, says assistant governor … Read more »

Tauranga Consumer Trust sells Trustpower shares for $154.8M

Article – BusinessDesk

April 23 (BusinessDesk) – Trustpower shareholder Tauranga Energy Consumer Trust sold 20 million shares in the power company for $154.8 million as it aims to diversify its investments away from a sole holding in the power company. Read more »

Conflict risk remains for financial advisers, says FMA poll

Article – BusinessDesk

April 23 (BusinessDesk) – The Financial Markets Authority’s inaugural survey of authorised financial advisers show there’s still scope for conflicts of interest, with some advisers aligned to a single product provider or getting paid volume bonuses. Read more »

NZ migration hits new annual record in March

Article – BusinessDesk

April 23 (BusinessDesk) – New Zealand migration hit a new annual record in March, as more students arrived from India and China and fewer locals left for Australia. Read more »

Labour below 30% in new Roy Morgan poll, Nats dip to 45.5%

Article – BusinessDesk

April 22 (BusinessDesk) – Support for the governing National Party has fallen from its election night support level of 47 percent to 45.5 percent in the latest New Zealand Roy Morgan political opinion poll, taken after the Northland by-election, … Read more »

RESEND: Pushpay to raise $13.8 million from shareholders

Article – BusinessDesk

April 23 (BusinessDesk) – Pushpay Holdings, the NZAX-listed mobile payment app developer, is looking to raise $13.8 million from its New Zealand-based shareholders via a discounted share offer. Read more »

PushPay to raise $13.8 million from shareholders

Article – BusinessDesk

April 23 (BusinessDesk) – PushPay Holdings, the NZAX-listed mobile payment app developer, is looking to raise $13.8 million from its New Zealand-based shareholders via a discounted share offer. Read more »

Goldman Sachs NZ sales drop in 2014

Article – BusinessDesk

Goldman Sachs NZ sales drop in year of fewer high-profile deals, more offshore work Read more »

RBNZ appoints Conor English, Tony Caughey as advisers

Article – BusinessDesk

April 23 (BusinessDesk) – New Zealand’s Reserve Bank, the independent body which sets the benchmark interest rate, has appointed Conor English, the younger brother of Finance Minister Bill English, as one of its part-time external monetary policy … Read more »

GeoOp doubles annual sales as it chases US customers

Article – BusinessDesk

April 23 (BusinessDesk) – GeoOp, the workforce management app, said annual sales doubled after a strong pick up in customers in the last month of its financial year. Read more »

‘Contentious posturing’ paying off, says UK fund manager

Article – BusinessDesk

April 22 (BusinessDesk) – Hugh Hendry, one of Britains highest profile hedge fund managers, has told New Zealand institutional investors his 2013 conversion from a bearish to bullish outlook is starting to pay off. Read more »

NZ dollar falls against Sterling on improved Europe outlook

Article – BusinessDesk

April 23 (BusinessDesk) – The New Zealand dollar declined against a stronger British pound after upbeat minutes from the Bank of England’s last meeting, stoking expectations the next move in UK interest rates will be higher. Read more »

NZ dollar retreats from Aussie, may wait for RBA cut

Article – BusinessDesk

NZ dollar retreats from Aussie, may have to wait for RBA in May for another tilt Read more »

MARKET CLOSE: NZ shares fall; Meridian drops

Article – BusinessDesk

April 22 (BusinessDesk) – New Zealand share fell, paced by Meridian Energy as its upcoming installment payment weighed on the market. Spark New Zealand fell to a near eight-month low. Read more »

Tūwharetoa buys 8,500ha of central North Island Crown land

Article – BusinessDesk

April 22 (BusinessDesk) – The Twharetoa Settlement Trust and associated entities has paid about $20 million for 8,500 hectares of Crown-owned land in the central North Island, adding to the vast swathe of forestry land vested in the region’s iwi … Read more »

Opus says earnings hurt by oil, resources downturn

Article – BusinessDesk

April 22 (BusinessDesk) – Opus International Consultants, the listed engineering firm, says the 2015 year is mixed so far, with earnings in Canada and Australia hurt by weak oil prices and a downturn in the resources sector respectively, while a buoyant … Read more »

Debbie Power named deputy State Services Commissioner

Article – BusinessDesk

April 22 (BusinessDesk) – Debbie Power, a senior executive in the Ministry of Social Development , has been named deputy State Services Commissioner Read more »

Many NZ SMEs say technology has no impact on their business

Article – BusinessDesk

April 22 (BusinessDesk) – Nearly one third of New Zealand small and medium-sized enterprises say digital technology has had no impact on their business over the past five years and 27 percent dont expect it to in the next five years. Read more »

Vital leases Gold Coast hospital for $2.4M a year

Article – BusinessDesk

April 22 (BusinessDesk) – Vital Healthcare Property Trust has leased its Gold Coast hospital to Ramsay Health Care, an international hospital provider, for the next 21 years. Read more »

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