CropLogic hires telco exec David de Cuevas as COO

Article – BusinessDesk

Jan. 15 (BusinessDesk) – CropLogic has hired former telecommunications executive David de Cuevas as chief operating officer, who will lead the ASX-listed Kiwi agritech firm’s US expansion. Read more »

MPI aims to wrap up PGP review by end of April

Article – BusinessDesk

Jan. 15 (BusinessDesk) – The government’s review of the Primary Growth Partnership is underway, with the first phase due to be wrapped up by late January and the second by the end of April, with one programme partner providing feedback and ideas to date. Read more »

NZ food prices slip in December as fruit, veges in season

Article – BusinessDesk

Jan. 15 (BusinessDesk) – New Zealand food prices eased on the month in December as fresh produce came into season but were still higher on the year as dairy, fruit and vegetable prices continued to pressure people’s wallets. Read more »

Xero exec Sankar Narayan sells A$883k of shares to meet tax

Press Release – BusinessDesk

Jan. 15 (BusinessDesk) – Xero chief financial and operating officer Sankar Narayan sold A$883,482 of stock to meet a personal tax bill accruing from the share component of his pay packet. Read more »

NZ dollar holds near 72.50 US cts

Article – BusinessDesk

NZ dollar holds near 72.50 US cts as Germany’s Merkel moves closer to forming govt Read more »

World Week Ahead: Goldman, Bank of America results up next

Article – BusinessDesk

Jan 15 (BusinessDesk) – Investors will be looking for the latest US corporate earnings including from Goldman Sachs and Bank of America to confirm the continuing rise in stock valuations and check chatter of the need for a correction. Read more »

MARKET CLOSE: NZ shares down, F&P Health and Pushpay drop

Article – BusinessDesk

Jan. 12 (BusinessDesk) – New Zealand shares dipped, led lower by Fisher & Paykel Healthcare and Pushpay Holdings, albeit in light volume as market participants return slowly. Read more »

NZ dollar heads for 1.2% weekly gain as greenback hit

Article – BusinessDesk

Jan. 12 (BusinessDesk) – The New Zealand dollar is heading for a 1.2 percent weekly, pushing higher against a slumping greenback after minutes from the European Central Bank’s December meeting boosted investor expectations it is planning to end its massive … Read more »

ANZ Bank deal to sell UDC Finance to HNA not proceeding

Article – BusinessDesk

Jan. 12 (BusinessDesk) – ANZ Bank New Zealand said an agreement to sell UDC Finance to Chinese conglomerate HNA Group for $660 million has terminated after the application was declined by the Overseas Investment Office in December. Read more »

SFO looking at Waitangi Trust financial irregularities

Article – BusinessDesk

Jan. 12 (BusinessDesk) – The Serious Fraud Office is investigating the Waitangi National Trust after the discovery of “financial irregularities” at the Waitangi Treaty Grounds administrator. Read more »

Michael Hill lifts 1H sales

Article – BusinessDesk

Jan. 12 (BusinessDesk) – Michael Hill International, the jewellery retailer founded by its namesake, lifted revenue 4.7 percent in the first half, though its US business continued to struggle. Read more »

NZONE owner Experience Co suspends Queenstown operations

Article – BusinessDesk

Jan. 12 (BusinessDesk) – Australian adventure tourism operator Experience Co shares fell 9.4 percent after suspending its Queenstown operations after the Wednesday skydiving incident left a US man missing and presumed drowned. Read more »

Rubicon shareholders give green light for sale of Tenon

Article – BusinessDesk

Jan. 12 (BusinessDesk) – Shareholders have voted in favour of Rubicon’s proposal to sell a 45 percent stake in Tenon Clearwood Partnership, a large clearwood sawmill and manufacturing operation in Taupo. Read more »

Body massages and Uber are in, DVDs are out, says Stats NZ

Article – BusinessDesk

Jan. 12 (BusinessDesk) – Statistics New Zealand has rejigged the consumers price index basket in its latest three-year review, adding body massages, Airbnb and Uber and removing DVD and Blu-Ray players. Read more »

NZ residential building permits jump in November

Article – BusinessDesk

NZ residential building permits jump in November as apartments make up for shrinking house consents Read more »

Mycoplasma bovis testing to be extended nationwide from Feb

Press Release – BusinessDesk

Jan. 12 (BusinessDesk) – The Ministry for Primary Industries (MPI) and its dairy industry partners will extend the Mycoplasma bovis milk testing underway in Canterbury, Otago and Southland into a national milk surveillance programme from February. Read more »

PGG Wrightson’s Independent directors to keep tabs on Agria

Article – BusinessDesk

Jan. 12 (BusinessDesk) – PGG Wrighston’s independent directors have reconvened a committee to monitor the Overseas Investment Office’s review of controlling shareholder Agria Corp’s ‘good character’ status. Read more »

NZ dollar climbs above 72 US cts on ECB minutes

Article – BusinessDesk

NZ dollar climbs above 72 US cts as ECB minutes signal earlier end to stimulus Read more »

While you were sleeping: Highs for Wall St, oil

Article – BusinessDesk

Jan. 12 (BusinessDesk) – Wall Street renewed its ascent to record highs while oil touched the highest price in three years amid optimism about the global economic outlook. Read more »

MARKET CLOSE: NZ shares drop 1.4% on foreign selling

Article – BusinessDesk

MARKET CLOSE: NZ shares drop 1.4% on foreign selling, A2 Milk and Meridian lead losses Read more »