Article – BusinessDesk

May 18 (BusinessDesk) – Postie Plus, which sold its Babycity chain of stores for some $4.1 million, wants to double in size through buying rivals and will progressively shift its base to Auckland as part of the new strategy. Read more »

Article – BusinessDesk

May 18 (BusinessDesk) – Local communities will have much greater involvement in how lakes, rivers and streams are used and regulated under proposals served up to the government in the second report of the Land and Water Forum. Read more »

Article – BusinessDesk

May 18 (BusinessDesk) – Bridgecorp’s former executive director Rob Roest has been jailed for six-and-a-half years, matching the sentence handed down to Rod Petricevic, for his role in misleading investors and knowingly making false statements. Read more »

Article – BusinessDesk

May 18 (BusinessDesk) – Transpower New Zealand, the state-owned operator of the national power grid, has run $30 million over budget on its North Island grid upgrade, which is now forecast to cost $894 million. Read more »

Article – BusinessDesk

May 18 (BusinessDesk) – Methven, the tapware and bathroom fittings manufacturer that dropped out of the NZX 50 this year, met full-year profit guidance even as its Australian and New Zealand sales weakened. Net profit rose to $6.5 million, or 9.7 cents per … Read more »

Article – BusinessDesk

May 18 (BusinessDesk) – Guinness Peat Group, the diversified investor winding up its portfolio to return funds to shareholders, has sold about a third of its assets since embarking on a divestment programme last year. Read more »

Article – BusinessDesk

May 18 (BusinessDesk) – Transpower New Zealand, the state-owned operator of the national power grid, has run $30 million over budget on its North Island grid upgrade, which is now forecast to cost $894 million. Read more »

Article – BusinessDesk

May 18 (BusinessDesk) – The New Zealand dollar fell amid concerns about the strength of Spain’s banking system amid rumours of a run on cash at the recently nationalised Bankia SA, heightening speculation that the region’s debt crisis is spreading. Read more »

Article – BusinessDesk

May 18 (BusinessDesk) – Investors are running for the hills by opting for the relative safety of the fixed-income securities deemed safest as the turmoil in Europe continues, fanning the fire of concern over the risk of a euro break-up. Read more »

Article – BusinessDesk

May 17 (BusinessDesk) – New Zealand shares rose, led by Ryman Healthcare, after the retirement village operator posted record earnings. Briscoe Group rose after the retailer said it will pay a special dividend while Rakon fell after posting a … Read more »

Article – BusinessDesk

May 17 (BusinessDesk) – The New Zealand dollar pared losses in local trading as tremors over Greece’s potential exit from the euro-zone settled down, and the minutes from the latest US Federal Reserve meeting showed policymakers may be prepared to further … Read more »

Article – BusinessDesk

May 17 (BusinessDesk) – Pyne Gould Corp subsidiary Torchlight Securities sold down its stake in lender Heartland New Zealand for $4.9 million in an on-market sale yesterday. Read more »

Article – BusinessDesk

May 17 (BusinessDesk) – The Commerce Commission’s tools are too blunt to deal with the growing convergence between telecommunications companies and broadcasters, and an independent regulator would be a better option for the sector, according to ASX-listed … Read more »

Article – BusinessDesk

May 17 (BusinessDesk) – Ryman Healthcare, the rest-home operator whose shares reached a record high today, may seek a listing on the ASX as it looks across the Tasman to extend a decade of profit growth. Read more »

Article – BusinessDesk

May 17 (BusinessDesk) – New Zealand consumer confidence was unchanged in May from a month earlier, as households remain cautious about spending money. Read more »

Article – BusinessDesk

May 16 (BusinessDesk) – Australia’s tourism lobby groups are getting in behind a challenge to that nation’s 17 percent hike in departure tax, which may squeeze New Zealand’s biggest source of visitors. Read more »

Article – BusinessDesk

May 17 (BusinessDesk) – Insurance Australia Group said it has begun a strategic review of its British operations which may result in them being put up for sale. Read more »

Article – BusinessDesk

May 17 (BusinessDesk) – Rakon shares tumbled 13 percent after the manufacturer of crystal oscillators used in mobile phones and navigation systems said a high kiwi dollar and weaker demand from the telecommunications industry weighed on full-year … Read more »

Article – BusinessDesk

May 17 (BusinessDesk) – New Zealand producers were squeezed in the first quarter, receiving lower prices for their products as global commodity prices fell and the kiwi dollar remained strong, while their input prices rose. The Producers Price Index’s … Read more »

Article – BusinessDesk

Ryman shares reach record high as rest-home operator rounds out decade of profit growth Read more »