Greenlane Biogas sold to UK investor for $25mln

Article – BusinessDesk

Sept. 19 (BusinessDesk) – New Zealand exporter of biogas technology Greenlane Biogas has been sold to a listed UK company for $25 million. Read more »

NZ dollar advances ahead of election; greenback sags on data

Article – BusinessDesk

Sept. 19 (BusinessDesk) – The New Zealand dollar advanced as investors bet on stability ahead of the general election tomorrow and as weaker US data weighed on the greenback. Read more »

While you were sleeping: Wall Street hits records

Article – BusinessDesk

Sept. 19 (BusinessDesk) – Wall Street rose, pushing the Dow and S&P 500 to record highs, after a larger-than-expected drop in US jobless claims and the Federal Reserves fresh promise to keep interest rates low. Read more »

MARKET CLOSE: NZ shares bounce from month-low; Spark gains

Article – BusinessDesk

Sept. 18 (BusinessDesk) – New Zealand shares rose from a month-low as the prospect of low US interest rates lured overseas investors seeking high-yield assets. Meridian Energy and Spark New Zealand paced the gain. Read more »

NZ dollar falls after Fed signals rates hikes are coming

Article – BusinessDesk

Sept. 18 (BusinessDesk) – The New Zealand dollar fell after the Federal Reserve signalled rates hikes were on the cards in the coming year, fuelling demand for the greenback, and as the looming Scottish independence referendum and the local general election … Read more »

Crown extends clean-up promise to Solid Energy

Article – BusinessDesk

Sept. 18 (BusinessDesk) – Commercially troubled state coal miner Solid Energy requires an extension of a government guarantee to meet the $103 million future cost of returning mined land to its pre-mined condition in order to maintain positive equity in its … Read more »

UPDATE: OPI receiver lashes Crowe Horwath over OPI release

Article – BusinessDesk

Sept. 18 (BusinessDesk) – Accounting firm PwC has taken the rare step of chastising another member of its own industry, ASX-listed Crowe Horwath, for understating by half the value of a settlement reached over the auditing of OPI Finance in the failed … Read more »

Tauranga ‘game-changer’ to boost Timaru port’s 2015 profit

Article – BusinessDesk

Sept. 18 (BusinessDesk) – PrimePort Timaru, the South Island hub which has aligned itself with Port of Tauranga, expects a turnaround in its fortunes as it benefits from its tie up with the country’s busiest export port. Read more »

Trilogy flags return to profit in first half

Article – BusinessDesk

Sept. 18 (BusinessDesk) – Trilogy International, the skincare and scented candle company, expects to return to profit in the first half of its financial year as Australian sales pick up. Read more »

Power companies gain as investors bet on National Party win

Article – BusinessDesk

Sept. 18 (BusinessDesk) – Investors in listed power companies appear to be betting the National Party will retain the government benches at Saturday’s general election, leaving the sector’s existing regulatory structure intact. Read more »

NZF flags reverse listing with unidentified business

Article – BusinessDesk

Sept. 18 (BusinessDesk) – NZF Group, the financial services company, has entered into a non-binding agreement with an unidentified business for a possible reverse listing, and expects to acquire it by the end of the month. Read more »

NZ economy grows 0.7% in 2Q, led by services sector

Article – BusinessDesk

NZ economy grows 0.7% in 2Q as surging services make up for weak primary sector Read more »

NZ dollar falls to 7-month low as Fed raises 2015 rate view

Article – BusinessDesk

Sept. 18 (BusinessDesk) – The New Zealand dollar dropped to a seven-month low after the Federal Reserve raised its expectation for the level of interest rates by the end of next year, boosting the lure of the greenback. Read more »

Ex-OPI Finance auditor cuts $6.25 mln deal with receiver

Article – BusinessDesk

Sept. 18 (BusinessDesk) – The auditor of failed lender OPI Pacific Finance has cut a $6.25 million deal with the firm’s receiver after losing a bid to strike out parts of the case earlier this year. Read more »

While you were sleeping: Stocks, greenback rise on Fed

Article – BusinessDesk

Sept. 18 (BusinessDesk) – Wall Street advanced, as did the US dollar, after Federal Reserve policy makers kept their pledge to maintain interest rates near zero for a considerable time after the end of its monthly bond-buying program. Read more »

MARKET CLOSE: NZ shares fall as Spark drops ahead of Fed

Article – BusinessDesk

Sept. 17 (BusinessDesk) – New Zealand shares fell, paced by Spark New Zealand, as offshore investors sold yield stocks on the prospect the US Federal Reserve may start hiking rates sooner than anticipated, and increasing the returns on offer in the … Read more »

NZ dollar pares gain in lead up to Fed review

Article – BusinessDesk

NZ dollar pares gain in lead up to Fed review, annual current account deficit narrows Read more »

Tait Communications buys Brazilian partner

Article – BusinessDesk

Sept. 17 (BusinessDesk) – Tait Communications, the Christchurch-based radio communications firm, has bought its long-time Brazilian partner SGM Telecomunicacoes for an undisclosed sum as it looks to beef up its presence in the rapidly growing Latin American economy. Read more »

Poll shows Nats extending lead, Labour/Greens fading

Article – BusinessDesk

Sept. 17 (BusinessDesk) – The last Roy Morgan opinion poll before the general election on Saturday shows the National Party gaining ground in the first fortnight of September, up 1.5 percentage points to 46.5 percent, while both the Labour and Green parties … Read more »

Duco Promotions taps Martin Snedden for new top job

Article – BusinessDesk

Sept. 17 (BusinessDesk) – Duco Promotions has appointed former head of New Zealand’s Rugby World Cup 2011 Martin Snedden as head of the sporting events company as it chases global growth. Read more »