FMA files against Milford’s Warminger on market manipulation

Article – BusinessDesk

July 31 (BusinessDesk) – The Financial Markets Authority has filed civil proceedings against Milford Asset Management portfolio manager Mark Warminger alleging he manipulated stock prices in breach of the Securities Markets Act. Read more »

HiFX Data Update – NZ Business Confidence

Press Release – HiFX

The ANZ Business Confidence & Own Activity figures for July have just been released. They came in worse than expected overall. The Business Confidence fell sharply compared with the previous quarter: -15.% versus -2.3% in June The Business Own Activity numbers … Read more »

Kirkcaldie shareholders call time on 152-year-old store

Article – BusinessDesk

July 31 (BusinessDesk) – Kirkcaldie & Stains’ shareholders have voted in favour of Australian department store chain David Jones taking over the upscale Wellington store, ending a run of 152 years, and will receive $19.4 million in a distribution. Read more »

OceanaGold buys Canada’s Romarco, gaining access to US mine

Article – BusinessDesk

July 31 (BusinessDesk) – OceanaGold Corp, the Australian gold miner, has acquired Canada’s Romarco Minerals for a 73 percent premium, in a bid to become the world’s cheapest gold miner. Read more »

Australia considering lowering GST import threshold

Press Release – PwC

Australia is proposing changes to its GST import threshold to try to even the playing field for its local retailers. Currently, the threshold on imported goods allows Australians to buy goods online from overseas for up to A$1000 without being charged … Read more »

Harmoney founder and CEO Neil Roberts leaves board

Article – BusinessDesk

July 30 (BusinessDesk) – Neil Roberts, founder and majority owner of Harmoney Corp, has stepped down from the peer-to-peer lender’s board but will remain as chief executive. Read more »

Brierley’s Mercantile wins over Ask Funding board

Article – BusinessDesk

July 30 (BusinessDesk) – Ron Brierley’s Mercantile Investment has won over the board of takeover target Ask Funding after sweetening its offer last week. Read more »

Mortgage statistics need careful interpretation

Press Release – NZ Property Investors Federation

Latest Reserve Bank lending data released this week has shown that, over the last year, the proportion of lending to investors has risen from 29 percent to 33 per cent. This has led some to believe that property investment is rampant and a major … Read more »

Turners buys Southern Finance for $5 million

Article – BusinessDesk

July 30 (BusinessDesk) – Turners, formerly known as Dorchester Pacific, has bought Southern Finance for $5 million, giving the finance company greater exposure in the South Island as it continues to expand its loan book. Read more »

Heartland says 2016 profit may rise as much as 15%

Article – BusinessDesk

July 30 (BusinessDesk) – Heartland New Zealand, the Auckland-based lender, said profit may rise as much as 15 percent in 2016, while affirming its guidance for earnings this year to reach the top of its forecast range. Read more »

HiFX Morning Update – July 30

Press Release – HiFX

The NZDUSD opens at .6672 this morning. The NZD has lost ground overnight after it rallied over .6700 post the RBNZ Governor Wheelers speech yesterday Read more »

NZ dollar falls as upbeat Fed drives greenback higher

Article – BusinessDesk

July 30 (BusinessDesk) – The New Zealand dollar fell after the Federal Reserve noted a strengthening US labour market and improvement in the housing market, factors that may herald a lift in US interest rates from near zero. The greenback was broadly … Read more »

Council approves water scheme consent ‘condition precedent’

Press Release – Hawke’s Bay Regional Investment Company

Hawkes Bay Regional Investment Company Ltd (HBRIC Ltd) today updated Hawkes Bay Regional Council (HBRC) on the progress of the Ruataniwha Water Storage Scheme and the Napier Port revaluation. Read more »

‘Unprecedented’ building activity seen on back of Auckland

Article – BusinessDesk

July 29 (BusinessDesk) – An “unprecedented” level of building work is predicted over the coming six years, due largely to Auckland’s housing boom, a new reports says. Read more »

IkeGPS eyes US market listing, needs cornerstone investor

Article – BusinessDesk

July 29 (BusinessDesk) – Ike GPS, the laser measurement tool developer, is mulling a US listing but is first looking for a cornerstone shareholder from its major market. Read more »

Businesses should follow ANZ

Press Release – UN Women National Committee for Aotearoa

The UN Women National Committee Aotearoa New Zealand (UN Women NCANZ) is calling on all businesses in New Zealand to follow ANZ and continue to top up KiwiSaver for staff while they are on parental leave. Read more »

ANZ to top up KiwiSaver for staff on parental leave

Press Release – ANZ Bank

In a New Zealand first, ANZ today announced that it would top up KiwiSaver contributions for staff on parental leave, and called on other New Zealand employers to do the same. Read more »

State of the nation: NZ women

Press Release – ANZ Bank

New Zealand has one of the narrowest gender pay gaps in the OECD but, on average, kiwi women still earn $608,000 less than men over their entire lifetime, according to a report released by ANZ today. Read more »

Affinity approaches bankers ove possible sale of Tegel Foods

Article – BusinessDesk

July 29 (BusinessDesk) – Affinity Equity Partners, the pan-Asian private equity firm, has approached a number of investment banks as it looks to sell New Zealand’s largest poultry business, Tegel Foods. Read more »

UPDATE: Wheeler reins in exuberant rate-cut forecasters

Article – BusinessDesk

July 29 (BusinessDesk) – Reserve Bank governor Graeme Wheeler has signalled the need for moderate further interest rate cuts in the year ahead, while predicting inflation will accelerate to the level the bank targets in the next nine to 12 months. The … Read more »

« Previous PageNext Page »