IkeGPS targets European sign market with Spike distribution

Article – BusinessDesk

Jan. 23 (BusinessDesk) – IkeGPS is targeting Europe’s sign market in a new distribution deal spanning 12 countries which the laser measurement toolmaker expects will accelerate sales of its Spike product. Read more »

Election date announcement on the cards for Tuesday

Article – BusinessDesk

Jan. 23 (BusinessDesk) – Prime Minister Bill English is declining to say whether the date for this years general election will be announced on Tuesday this week after the first Cabinet meeting of the year. Read more »

Suncorp’s outstanding Canterbury quake claims costs rise

Article – BusinessDesk

Jan. 23 (BusinessDesk) – Suncorp Group, which owns general insurer Vero in New Zealand, has increased its outstanding claims provision for the 2010 and 2011 Canterbury earthquakes after getting new claims from the Earthquake Commission. Separately the insurer released … Read more »

Christchurch bucks trend in housing affordability survey

Article – BusinessDesk

Jan. 23 (BusinessDesk) – Christchurch housing became more affordable in 2016, bucking the trend across New Zealand’s housing markets tracked by the Demographia International Housing Affordability Survey. Read more »

New Zealand markets in holding pattern

Article – BusinessDesk

Jan 23 (BusinessDesk) – Both the New Zealand dollar and the stock exchange are a tad weaker but relatively steady today in the wake of US President Donald Trump’s inauguration and analysts expect the situation to continue as markets take a wait-and-see … Read more »

Comvita warns annual earnings to slump on weak honey harvest

Article – BusinessDesk

Jan. 23 (BusinessDesk) – Comvita shares sank 14 percent after the manuka honey products maker warned annual earnings will tumble by about two-thirds as the nation’s unseasonably wet and windy weather saps the honey harvest and slow sales via China’s informal … Read more »

Abano uses Healthcare Partners’ dividend

Article – BusinessDesk

Jan. 23 (BusinessDesk) – Abano Healthcare has used Healthcare Partners Holdings’ interim dividend to offset the cost of a partial takeover mounted by the medical investor’s biggest shareholder. Read more »

NZ dollar little changed as investors await more detail

Article – BusinessDesk

Jan. 23 (BusinessDesk) – The New Zealand dollar was little changed as investors await more detail on US President Donald Trump’s plans to accelerate growth in the world’s largest economy. Read more »

World Week Ahead: President Trump takes office

Article – BusinessDesk

Jan. 23 (BusinessDesk) – US President Donald Trump will be closely watched for details on his plans to accelerate economic growth, principally by easing taxes and regulation. Read more »

MARKET CLOSE: NZ shares edge lower on thin volumes

Article – BusinessDesk

MARKET CLOSE: NZ shares edge lower on thin volumes Trump inauguration awaited; NZ Refining falls Read more »

New Zealand dollar continues to make headway vs greenback

Article – BusinessDesk

Jan. 20 (BusinessDesk) – The New Zealand dollar continued to gain against the US dollar today as the greenback slipped ahead of US president-elect Donald Trump’s inauguration. Read more »

Judge allows change of trustees in Low family case

Article – BusinessDesk

Judge allows change of trustees in Low family case, US$265 mln in assets now in contention Read more »

S&P affirms New Zealand’s ‘AA’ credit rating

Article – BusinessDesk

S&P affirms New Zealand’s ‘AA’ credit rating on solid economy, fiscal prudence; kiwi gains Read more »

Willie Jackson, Norm Dewes, Willie Te Aho to fisheries trust

Press Release – BusinessDesk

Jan. 20 (BusinessDesk) – Te Ohu Kaimoana, which oversees Mori fisheries assets, has namedWillie Jackson, Norm Dewes and Willie Te Aho to the board of a $20 million trust for unaffiliated Mori after a successful challenge to the appointment of … Read more »

Judge to rule in favour of replacing trustees

Article – BusinessDesk

Jan. 20 (BusinessDesk) – The judge in the High Court hearing involving family members of Malaysian businessman Jho Low has indicated he will rule in favour of the plaintiffs, allowing the family members to have trustees replaced so they can fight attempts … Read more »

NZ inflation probably back in RBNZ band

Article – BusinessDesk

Jan. 20 (BusinessDesk) – Higher fuel prices probably pushed New Zealands annual inflation back above 1 percent for the first time in more than two years in the December quarter. Read more »

Pumpkin Patch stores to close by mid-February

Article – BusinessDesk

Jan. 20 (BusinessDesk) – The receivers of Pumpkin Patch will have all stores closed by mid-February after they couldn’t entice a buyer for the failed children’s wear chain, which traded through the traditionally busy holiday period. Read more »

US$265m trust hearing fraud case delayed

Article – BusinessDesk

Jan. 20 (BusinessDesk) – A defended hearing in Aucklands High Court involving family members of Malaysian businessman Jho Low has been delayed nearly two hours this morning. Read more »

NZ employees most upbeat about labour market in eight years

Article – BusinessDesk

Jan. 20 (BusinessDesk) – New Zealand employment confidence rose to its highest level in eight years as Kiwis grew more upbeat about the prospect of wage increases and less pessimistic about job opportunities in what’s seen as a robust labour market. Read more »

$87.3B investment focused on transformational projects

Article – BusinessDesk

Jan. 20 (BusinessDesk) – The New Zealand government has focused its $87.3 billion investment programme into projects that will fundamentally change the way it operates in the ongoing drive to get more with less from the public service, according to … Read more »