iPredict Ltd 2014 Election Update #15

Column – iPredict

iPredicts 7000 registered traders continue to believe Winston Peters NZ First party will hold the balance of power after the election and allow National to govern. There has been a small gain to Act and the Conservatives over the last week and a … Read more »

CORRECT: Chorus faces up to $10 mln earnings hit in 2014

Article – BusinessDesk

CORRECT: Chorus faces up to $10 mln earnings hit in 2014 from latest regulator pricing decision Read more »

Chorus faces up to $10 mln earnings hit in 2014

Article – BusinessDesk

Chorus faces up to $10 mln earnings hit in 2014 from latest regulator pricing decision Read more »

Abano mulls rebel shareholder request for meeting

Article – BusinessDesk

April 24 (BusinessDesk) Abano Healthcare Group is mulling the extraordinary general meeting request from rebel shareholders Peter Hutson and James Reeves who want to dump Trevor Janes as chairman and refresh the board. Read more »

Hutson, Reeves seek SGM to vote on Janes ousting from Abano

Article – BusinessDesk

April 23 (BusinessDesk) – Abano Healthcare shareholders Peter Hutson and James Reeves invoked their rights under the Companies Act to call for an extraordinary general meeting next Monday to consider a resolution to dump Trevor Janes as chairman and … Read more »

MARKET CLOSE: NZ shares rise on election speculation

Article – BusinessDesk

MARKET CLOSE: NZ shares rally on election speculation, MRP, Contact, Vector rise; Xero leads gainers Read more »

Millennium & Copthorne mulls capital return

Article – BusinessDesk

Apr. 23 (BusinessDesk) – Millennium & Copthorne Hotels New Zealand, which operates 22 hotels across the country, is mulling a capital return if the float of Chinese investment First Sponsor Group goes ahead. Read more »

MARKET CLOSE: NZ shares rise on Genesis sentiment

Article – BusinessDesk

April 22 (BusinessDesk) New Zealand stocks rose as Genesis Energy held its gains on the second day of trading, lifting sentiment for fellow government-controlled energy companies, MightyRiverPower and Meridian Energy. Xero led gainers. Read more »

Warehouse shares jump to 6-wk high after Craigs’ buy rating

Article – BusinessDesk

April 22 (BusinessDesk) Shares in Warehouse Group, New Zealands largest publicly listed retailer, rose to a six-week high after the stock was upgraded to buy at brokerage Craigs Investment Partners. Read more »

Air NZ, Singapore Airlines codeshare gets Singapore tick

Article – BusinessDesk

May 22 (BusinessDesk) The proposed codeshare between Air New Zealand and Singapore Airlines has been given the all clear from Competition Commission Singapore, meaning the accord is now subject only to sign-off from New Zealands transport minister. Read more »

World Week Ahead: Eyes on US earnings

Article – BusinessDesk

April 22 (BusinessDesk) Wall Street has begun this week by extending their gains ahead of the Easter break with investors increasingly positive on the outlook for corporate earnings and the worlds biggest economy. Read more »

Air NZ says claims withdrawn as other airlines settle in Oz

Article – BusinessDesk

Air New Zealand says claims withdrawn as other airlines settle over cargo cartel, seeks costs Read more »

Taxpayers robbed of $130m in Genesis sale

Press Release – New Zealand Labour Party

Kiwi taxpayers have been robbed of $130 million by the Government in its final failed asset sale, says Labours SOEs spokesperson Clayton Cosgrove. Read more »

AMP Capital selling kiwi dollar in expectation of decline

Article – BusinessDesk

April 17 (BusinessDesk) – AMP Capital New Zealand, which manages more than $18 billion of assets, anticipates the kiwi dollar will start falling, and has started reducing its holdings in the local currency. Read more »

BNZ’s new CEO Healy expects benefit from expanding economy

Article – BusinessDesk

April 17 (BusinessDesk) – Bank of New Zealands incoming chief executive Anthony Healy expects the lender to benefit from the nations burgeoning economy as he targets investment in higher growth areas such as agri-business. Read more »

National gives away a further $130 million on Genesis sale

Press Release – Green Party

National have sold New Zealanders short by significantly under-pricing Genesis Energy, Green Party Co-leader Dr Russel Norman said today. Genesis Energy shares immediately went up $0.26 (or 17 percent) on listing today, showing the market valued the company … Read more »

Genesis shares stag 17% at listing, first trade at $1.81

Article – BusinessDesk

April 17 (BusinessDesk) Shares in the partially privatised Genesis Energy debuted on the NZX this afternoon, rising 26 cents, or 17 percent, from their $1.55 issue price, to $1.81 in the first minutes of trading. Read more »

Dick Smith slows NZ sales decline in Q3

Article – BusinessDesk

April 17 (BusinessDesk) Dick Smith Holdings, the electronics retailer that went public last December, says it slowed the rate of sales decline at its New Zealand stores after shifting some support functions to Australia and outsourcing deliveries. Read more »

BNZ names Anthony Healy as new CEO, replacing Thorburn

Article – BusinessDesk

April 17 (BusinessDesk) Bank of New Zealand, the local unit of Australias third-biggest mortgage lender, named the head of its business bank, Anthony Healy, as its new chief executive. Read more »

MARKET CLOSE: NZ shares gain on global rally; Diligent rises

Article – BusinessDesk

April 16 (BusinessDesk) – New Zealand stocks joined a global rally as US company earnings growth lifted sentiment for equity markets. Diligent Board Member Services led the benchmark index higher after reporting first-quarter sales growth. Pacific … Read more »

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