MARKET CLOSE: NZ shares join global selloff

Article – BusinessDesk

June 29 (BusinessDesk) – New Zealand shares fell, pushing the benchmark index to a five-month low, as the local bourse joined a global sell-off as talks to resolve the Greek debt crisis failed over the weekend. Pacific Edge, Xero and Air New Zealand … Read more »

Foreign housing providers would be cash-flow positive: Key

Article – BusinessDesk

June 29 (BusinessDesk) – Foreign organisations bidding for the government’s social housing stock would have to stump up a lot of cash upfront, meaning it would be a very long time before they would be able to repatriate any profits back home, Prime … Read more »

NZ dollar edges up from 5-year low, may resume slide

Article – BusinessDesk

NZ dollar edges up from 5-year low, may resume slide as Greek deadline looms Read more »

NZ Dollar Outlook: Kiwi may fall on Greek uncertainty

Article – BusinessDesk

June 29 (BusinessDesk) – The New Zealand dollar may decline this week, sinking as low as 66 US cents, as investors shed riskier assets in favour of safe havens amid uncertainty about Greece’s ability to repay debts. Read more »

Blue Sky FY profit sinks 36%, under-used plant blamed

Article – BusinessDesk

June 29 (BusinessDesk) – Blue Sky Meats, whose shares trade on the Unlisted platform, reported a 36 percent slide in annual profit, which it blamed on the under-utilisation of its processing facilities. Read more »

RESEND: SeaDragon continues with leadership changes

Article – BusinessDesk

June 29 (BusinessDesk) – Leadership changes continue at SeaDragon, the Omega 3 fish oils company, with a number of new directors being appointed to add production and supply chain management experience ahead of its move into commercial production. Read more »

Genesis to retire stored coal unit

Article – BusinessDesk

June 29 (BusinessDesk) – Genesis Energy, the country’s biggest energy retailer, will permanently retire a coal/gas fired unit at the Huntly Power Station which has been in storage as renewable and thermal generation provide more than enough electricity … Read more »

NZ employment confidence dwindles in 2Q as wage outlook dims

Article – BusinessDesk

June 29 (BusinessDesk) – New Zealanders grew more downcast about the state of the labour market in the second quarter, with a softer outlook for wage growth weighing on confidence. Read more »

SeaDragon continues with board overhaul

Article – BusinessDesk

June 29 (BusinessDesk) – Leadership changes continue at SeaDragon, the Omega 3 fish oils company, with a number of new directors being appointed to add production and supply chain management experience ahead of its move into commercial production. Read more »

NZ firms innovate more with R&D grants, report shows

Article – BusinessDesk

NZ firms innovate more with R&D grants but overall innovation commercialisation is down, report shows Read more »

Pushpay gets $960k R&D grant from Callaghan to help scale up

Article – BusinessDesk

Pushpay gets $960,000 R&D grant from Callaghan to help scale up payment platform Read more »

NZ dollar falls to fresh 5-year low on Greek uncertainty

Article – BusinessDesk

NZ dollar falls to fresh 5-year low as investors seek safe haven assets on Greece uncertainty Read more »

World Week Ahead: Grexit looms large

Article – BusinessDesk

June 29 (BusinessDesk) – A surprise call by Greek Prime Minister Alexis Tsipras for a referendum on the latest bailout offer from the nations creditors has sharply increased the risk of default and exit from the euro as well as a surge in market … Read more »

Ngati Whatua files court papers over Crown land in Auckland

Article – BusinessDesk

June 26 (BusinessDesk) – Ngati Whatua, a member of the Tamaki Makaurau Collective, has filed a statement of claim in the High Court at Auckland over the government’s decision not to offer land earmarked for housing development to the iwi first. Read more »

MARKET CLOSE: NZ shares rise; Meridian, MRP gain

Article – BusinessDesk

June 26 (BusinessDesk) – New Zealand shares rose as Meridian Energy and MightyRiverPower rebounded from recent lows. Diligent Corp and Fisher & Paykel Healthcare advanced as the kiwi dollar fell. Read more »

NZ finishes wool season with smallest volume in 7 years

Article – BusinessDesk

NZ finishes 2014/15 wool season with smallest volume sold at auction in at least 7 years Read more »

NZ dollar heads for 0.3% weekly decline

Article – BusinessDesk

NZ dollar heads for 0.3% weekly decline as financial markets hang on Greece debt talks Read more »

Imarda NZ 2013 accounts tagged by auditor

Article – BusinessDesk

June 26 (BusinessDesk) – Imarda NZ’s 2013 accounts, released ahead of a proposed merger between its Australian parent and New Zealand’s International Telematics Holdings, show a wider loss and were tagged by the auditor, who couldn’t sign off on the value … Read more »

ASX-listed National Storage makes NZ foray

Article – BusinessDesk

June 26 (BusinessDesk) – National Storage REIT, one of the largest self-storage providers in Australia, has made its first foray across the Tasman spending $23 million building a storage portfolio in Christchurch. Read more »

UPDATE: Freightways, Airwork launch airfreight joint venture

Article – BusinessDesk

June 26 (BusinessDesk) – Freightways, the courier and information management company, and aviation services firm Airwork Holdings have launched an airfreight network to replace Freightways existing unit, and will count New Zealand Posts Express … Read more »