World Week Ahead: US jobs data in focus

Article – BusinessDesk

May 2 (BusinessDesk) – The latest US corporate earnings including from Berkshire Hathaway as well as monthly jobs data will draw the focus after last weeks disappointments on both the corporate and economic front took some of the wind out of the bulls … Read more »

MARKET CLOSE: NZ shares rise as Z Energy purchase approved

Article – BusinessDesk

April 29 (BusinessDesk) – New Zealand shares rose after Z Energy gained regulatory approval to acquire rival petrol chains, increasing its market share, while Skellerup Holdings suffered after a profit downgrade. Read more »

NZX says 1st-qtr sales rise 9.6% as debt listings climb

Article – BusinessDesk

NZX says 1st-qtr sales rise 9.6% as debt listings climb, sees Ralec victory Read more »

NZ dollar gains as BOJ inaction weighs on greenback

Article – BusinessDesk

The New Zealand dollar rose after the Bank of Japan’s decision not to expand its stimulus measures drove up the yen against the greenback and left traders who were long US dollars looking for other currencies to transact with. Read more »

While you were sleeping: Icahn divests Apple

Article – BusinessDesk

April 29 (BusinessDesk) – Wall Street moved lower, giving up earlier gains, with Apple shares leading the turn after billionaire and activist investor Carl Icahn said he has sold his Apple stake. Read more »

MARKET CLOSE: NZ shares rise; Sky TV, Fletcher Building gain

Article – BusinessDesk

MARKET CLOSE: NZ shares rise; Sky TV, Fletcher Building gain, Air NZ drops on oil recovery Read more »

Climate change a threat to prosperity

Press Release – Green Party

The Green Party is calling on the Government to require all public fund managers to disclose their exposure to climate risks following a report by the Parliamentary Commissioner for the Environment (PCE) highlighting the financial risks of climate … Read more »

MARKET CLOSE: NZ shares down ahead of RBNZ rate call

Article – BusinessDesk

April 27 (BusinessDesk) – New Zealand shares fell ahead of an interest rate announcement, with Fisher & Paykel Healthcare Corp, Summerset and Xero moving lower. Read more »

Fletcher Distribution spreads NZ ‘learnings’ to Australia

Article – BusinessDesk

April 28 (BusinessDesk) – Fletcher Buildings Distribution division is spending A$10 million to expand its Australian bathroom and plumbing supplies chain Tradelink by 60 branches, based on lessons learnt from the turnaround of its New Zealand-based … Read more »

ICBC (NZ)’s loan book soars

Article – BusinessDesk

ICBC (NZ)’s loan book soars as Chinese-owned bank taps trade ties, mortgage demand Read more »

Veritas shares jump 16%

Article – BusinessDesk

April 27 (BusinessDesk) – Veritas Investments’ shares jumped 16 percent after the food and beverage company affirmed its annual earnings guidance and said its three divisions are all showing signs of improvement. Read more »

MARKET CLOSE: NZ shares extend gains with global markets

Article – BusinessDesk

April 21 (BusinessDesk) – New Zealand shares rose to a fresh record as Fletcher Building reached a 10-month high on perceptions it has lagged the market’s rally. A2 Milk, dual-listed Australia & New Zealand Banking Group and Westpac Banking Corp also … Read more »

MARKET CLOSE: NZ shares chart record high as TradeMe gains

Article – BusinessDesk

April 20 (BusinessDesk) – New Zealand’s benchmark S&P/NZX 50 Index hit another record , led by Trade Me Group, Contact Energy and Vector while Spark New Zealand fell from a nine-year high. Read more »

Sale of Vector Gas Limited completed

Press Release – Vector Limited

Vector is pleased to advise that the sale of Vector Gas Limited, which owns and operates Vectors gas transmission and non-Auckland gas distribution businesses, to First State Funds, was completed today. Vector acknowledges the effort of all parties involved … Read more »

Tegel priced at $1.55 a share, near bottom of the range

Article – BusinessDesk

April 20 (BusinessDesk) – Tegel Group Holdings, the poultry group controlled by private equity firm Affinity Equity Partners, will sell shares at $1.55 apiece in the year’s first initial public offering, near the bottom of its indicative price range. Read more »

MARKET CLOSE: NZX 50 rises to record; Z Energy, Sky TV gain

Article – BusinessDesk

April 19 (BusinessDesk) – New Zealand shares rose to a record amid speculation Z Energy’s application to buy the Caltex chain will be approved. Sky Network Television and Fletcher Building also rose while SkyCity Entertainment Group dropped. Read more »

NZ Super Fund sells assets

Article – BusinessDesk

April 19 (BusinessDesk) – The New Zealand Superannuation Fund has sold its investments in three offshore private equity funds with the price paid and the name of the buyer kept confidential, though the funds were collectively valued at $101 million in its … Read more »

Potential buyers line up for ANZ Bank’s UDC finance business

Article – BusinessDesk

April 19 (BusinessDesk) – Private equity buyers would have an advantage over banks in bidding for ANZ Bank New Zealand’s UDC Finance business because they would not be bound by capital adequacy ratio requirements, says First NZ Capital in analysis … Read more »

NZ shares tread water, Air NZ falls

Article – BusinessDesk

April 18 (BusinessDesk) – New Zealand shares rose to a fresh high in light trading as the local index outperformed Asian markets. SkyCity Entertainment Group gained while Air New Zealand dropped, following ASX-listed Qantas Airways lower. Read more »

NZ Dollar Outlook: Traders split on outlook

Article – BusinessDesk

April 18 (BusinessDesk) – The New Zealand dollar may be headed for a volatile ride this week as traders weigh the outlook for commodity prices and inflation. Read more »

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