Kiwifruit growers facing record pre-hectare returns: Zespri

Article – BusinessDesk

Dec. 17 (BusinessDesk) – Zespri International, the grower-owned kiwifruit marketing company, said it expects record per-hectare returns for green and green organic kiwifruit this season following supply constraints, favourable market conditions and strong … Read more »

Scales affirms 2015 earnings guidance for $20.8 mln profit

Article – BusinessDesk

Dec. 17 (BusinessDesk) – Scales Corp, the fruit and vegetables logistics company, affirmed its earnings guidance for 2015 with growth tipped across all of its units. Read more »

Intueri buys out 50% stake in Online Courses Australia

Article – BusinessDesk

Dec. 17 (BusinessDesk) – Intueri Education Group, New Zealand’s largest private training college, will buy the remaining half of Online Courses Australia Group that it doesn’t own for an initial payment of $14 million and the remainder based on next year’s … Read more »

Postie to launch new brands, taps new owner’s supply chain

Article – BusinessDesk

Dec. 17 (BusinessDesk) – Postie, the retail chain bought out of administration by South African retailer Pepkor, is betting on its new owner’s economies of scale to boost sales in a “challenging” retail environment. Read more »

NZ dollar gains in ‘volatile night’ on global forex markets

Article – BusinessDesk

Dec. 17 (BusinessDesk) – The New Zealand dollar gained in volatile markets after Russian policymakers hiked interest rates to shore up a tumbling ruble and European data beat expectations, sapping demand for the US dollar ahead of the Christmas and … Read more »

While you were sleeping: Energy rebound, ruble slide

Article – BusinessDesk

Dec. 17 (BusinessDesk) – Equities on Wall Street and in Europe rose as investors found value in beaten-down stocks including energy shares such as Chevron and Nabors Industries. Read more »

Dairy product prices rise from five-year low

Article – BusinessDesk

Dec. 17 (BusinessDesk) – Dairy product prices rose in the latest GlobalDairyTrade auction, propelled by a jump in the anhydrous milk fat and butter. Read more »

MARKET CLOSE: NZ shares fall, paced by OceanaGold, Fletcher

Article – BusinessDesk

Dec. 16 (BusinessDesk) – New Zealand shares joined in a global sell off, led by OceanaGold Corp and Fletcher Building, as investors were spooked by a falling oil price. Air New Zealand, Mainfreight and Z Energy gained on the prospect of cheaper fuel costs. Read more »

NZ dollar little changed ahead of Fonterra milk auction

Article – BusinessDesk

Dec. 16 (BusinessDesk) – The New Zealand dollar was little changed ahead of the next GlobalDairyTrade auction, the first since dairy exporter Fonterra Cooperative Group slashed its forecast payout for the current season in the face of falling milk prices. Read more »

Buller loses bid to claw back interest from Brightwater

Article – BusinessDesk

Buller loses bid to claw back interest on $4 mln from Brightwater over escarpment plans Read more »

Economy can grow faster than thought before inflation bites

Article – BusinessDesk

Dec. 16 (BusinessDesk) – Economic growth is expected to average a historically high annual rate of 2.8 percent over the next five years, although growth will peak in the year to March 2015 at a slightly lower level than was forecast in the budget … Read more »

NZ govt shunts out return to surplus to 2016

Article – BusinessDesk

Dec. 16 (BusinessDesk) – The New Zealand government has pushed out its targeted return to surplus for a year as falling dairy prices and a low inflation environment has kept a lid on its rising tax take, but is still dangling a possible tax cut in 2017, … Read more »

NZ dairy herd rises to record 6.7M as sheep flock falls

Article – BusinessDesk

NZ dairy herd rises to record 6.7M as sheep flock falls to 29.6M Read more »

Comvita shareholders exercise 5.6M of 6.9M rights on offer

Article – BusinessDesk

Dec. 16 (BusinessDesk) – Comvita said shareholders exercised 5.6 million of the 6.9 million of rights under its 1 for 5 offer, and the remainder will now be offered to other investors under a shortfall bookbuild. Read more »

Vodafone NZ appoints expat Mark Aue as new CFO

Article – BusinessDesk

Vodafone NZ appoints expat Mark Aue as new CFO after de la Feunte returns to Spain Read more »

Goodman sells Enterprise Park in Wiri for $53.2 million

Article – BusinessDesk

Dec. 16 (BusinessDesk) – Goodman Property Trust, New Zealand’s largest listed property investor by market value, has sold Enterprise Park in Wiri for $53.2 million to an undisclosed buyer. Read more »

MRP to quit Chilean, German geothermal investments

Article – BusinessDesk

Dec. 16 (BusinessDesk) – MightyRiverPower, the first of the state-owned power companies to be partially privatised last year, will quit its geothermal investments in Chile and Germany, while sticking with its interests in the US. Read more »

NZ dollar falls vs. yen in face of oil’s decline

Article – BusinessDesk

NZ dollar falls vs. yen as investors seek haven in face of oil’s decline Read more »

Tower talks down impact of Supreme Court valuation ruling

Article – BusinessDesk

Dec. 16 (BusinessDesk) – Tower, the insurer which sold its health, life, and investment units to focus on general insurance, has talked down yesterday’s Supreme Court ruling on how to value the replacement costs of a house, saying it doesn’t expect a material … Read more »

While you were sleeping: Oil slick spreads

Article – BusinessDesk

Dec. 16 (BusinessDesk) – Wall Street swung from gains to losses as investors took positions as US Federal Reserve policy makers prepared to start a two-day meeting on Tuesday, and as oil prices continued their free-fall. Read more »