NZ farmers least pessimistic in 2 years

Article – BusinessDesk

July 27 (BusinessDesk) – New Zealand farmer confidence improved to a two-year high heading into the new season, though sentiment remains negative. Read more »

Allied Farmers shares jump 16% on earnings upgrade

Article – BusinessDesk

July 27 (BusinessDesk) – Allied Farmers shares jumped 16 percent after the rural services firm gave a rosier view on annual earnings due to a better than expected performance from its livestock division. Read more »

Ryman flags new $200 mln village for Auckland’s Hobsonville

Article – BusinessDesk

July 27 (BusinessDesk) – Ryman Healthcare, the country’s biggest retirement village operator, has bought a 4 hectare site in Auckland’s Hobsonville for a $200 million development, marking its 10th village in New Zealand’s largest city. Read more »

AWF Madison sets modest goals for 2017

Article – BusinessDesk

July 27 (BusinessDesk) – AWF Madison Group, the country’s largest contract labour firm, is looking to bounce back from last year’s dip in earnings as it sets “modest goals” for 2017 with a view to reaping greater productivity by investing in new technology. Read more »

Auckland leisure centres axe unhealthy drinks

Article – BusinessDesk

July 27 (BusinessDesk) – Auckland Council is to stop selling drinks that are sweetened by sugar from vending machines at its leisure centres in a bid to try to reduce obesity and type 2 diabetes. Read more »

Supreme Court knocks back Trustpower’s appeal

Article – BusinessDesk

July 27 (BusinessDesk) – The Supreme Court has turned down Trustpower’s appeal to claim tax deductions on $17.7 million of project costs in a case closely watched by large-scale infrastructure developers. Read more »

G3 delays planned capital raise

Article – BusinessDesk

July 27 (BusinessDesk) – G3 Group, the NXT-listed mail operations and document manager, has delayed a planned equity raising that would have been done through the Snowball Effect crowdfunding platform and says first-quarter margins are tracking below target … Read more »

Abano turns to 2016 annual profit after selling stake

Article – BusinessDesk

July 27 (BusinessDesk) – Abano Healthcare, the Australasian radiology and dental centre operator, turned to an annual profit after selling its half stake in audiology investor Bay International and expanding its dental chain. Read more »

Trustpower in trading halt as it awaits Supreme Court ruling

Article – BusinessDesk

July 27 (BusinessDesk) – Trustpower is in a trading halt as it awaits a Supreme Court ruling on its dispute with the Commissioner of Inland Revenue, due to be released today. Read more »

NZ dollar little changed as central bank meetings awaited

Article – BusinessDesk

July 27 (BusinessDesk) – The New Zealand dollar was little changed as investors await central bank meetings in the US and Japan this week, and ahead of Australian inflation data today which is seen as a key factor in whether rates will go lower across the … Read more »

Former Kiwi startup builds customers from Singapore

Article – BusinessDesk

July 27 (BusinessDesk) – TradeGecko, the Kiwi start-up that moved to Singapore in 2012 in search of capital, markets and nurturing, says it is taking in “millions in revenue” from tens of thousands of customers but is yet to turn a profit as it … Read more »

Responsible investing in NZ rises 28%

Article – BusinessDesk

July 27 (BusinessDesk) – The amount of New Zealands capital being invested responsibly has grown 28 percent in the past year to $78.7 billion with take-up now ranging more broadly from the largest institutions to boutique managers and KiwiSaver providers … Read more »

NZ banks’ loan book hits fresh high of $228 bln

Article – BusinessDesk

July 25 (BusinessDesk) – The size of the mortgage books of New Zealand’s banks hit a new high of $227.7 billion in the three months ended March 31, an increase of $8.4 billion or 3.9 percent on the previous quarter. Read more »

MARKET CLOSE: NZ shares fall for first time since Brexit

Article – BusinessDesk

July 26 (BusinessDesk) – New Zealand shares fell from a record high, led by Trade Me Group and Orion Health Group, as investors await earnings season for evidence that high valuations are being driven by anything more than the absence of attractive … Read more »

While you were sleeping: McDonald’s disappoints

Article – BusinessDesk

July 27 (BusinessDesk) – Wall Street was mixed amid disappointing results from McDonalds while Federal Reserve policy makers began their two-day policy meeting. Read more »

NZD gains before Fed, Bank of Japan statements

Article – BusinessDesk

The New Zealand dollar gained late in the day, although there were no obvious drivers other than demand for yield as traders await the outcome of policy reviews by the Federal Reserve and the Bank of Japan. Read more »

Trust beneficiaries treated equally, Court of Appeal told

Press Release – BusinessDesk

July 26 (BusinessDesk) – Lawyers for Maryanne Green, the daughter of late NBR rich lister Hugh Green, told the Court of Appeal today that her status as trustee of Green’s $400 million business empire did not hamper the operation of the trust and every … Read more »

Long, Auckland-driven construction boom ahead: BRANZ report

Article – BusinessDesk

The pipeline of new Auckland housing will underpin a longer construction boom for the country, making up for an overestimation in the amount of commercial work in the pipeline, says the 2016 National Construction Pipeline Report. Read more »

Updated biosecurity threats

Article – BusinessDesk

July 26 (BusinessDesk) – The government’s proposal to update the nation’s 2003 biosecurity strategy identifies the reliance of the primary sector on a small number of monocultures and large-scale changes in land use such as dairy conversions among 12 strategic … Read more »

Airport staffer pleads guilty to three fraud charges

Article – BusinessDesk

July 26 (BusinessDesk) – Former Auckland International Airport employee Teremoana Kimiangatau has pleaded guilty to charges of defrauding the airport out of about $1.8 million. Read more »