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 »

Press Release – IG Markets

In US trade, markets extended their losses after having traded in positive territory early in the session. Another round of positive economic data gave US markets an early lift, but Europe continued to unsettle investors. US housing starts and industrial … Read more »

Article – BusinessDesk

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

Article – BusinessDesk

May 17 (BusinessDesk) – Briscoe Group, the homeware and sporting goods retailer, will pay a special dividend of 10 cents a share, generating a windfall of about $16.7 million for managing director and controlling shareholder Rod Duke. Read more »

Article – BusinessDesk

May 17 (BusinessDesk) – Goodman Property Trust, which owns the Highbrook Business Park in Auckland, reported lower distributable earnings as it faced a bigger tax bill after the government changed the treatment of depreciation in 2010. Read more »

Press Release – CMC Markets

An uncertain Euro economic outcome continues to hammer the Kiwi dollar into hiding. Investors are spooked, greenback bulls are returning in their droves and we’re fully witnessing risk off the table. Read more »

Article – BusinessDesk

May 17 (BusinessDesk) – Ryman Healthcare, New Zealand’s largest retirement village operator, posted a 17 percent increase in underlying profit to a record, beating guidance, after it sped up its building programme to meet demand for units. Read more »

Press Release – IG Markets

Across Asia, markets have extended their losses as risk aversion escalates after Greece failed to form a government, putting fresh elections and a potential euro exit on the cards. In US trade, markets extended their losses after having traded … Read more »

Article – BusinessDesk

May 16 (BusinessDesk) – New Zealand shares fell, led by the News Corp-controlled Sky Network Television after the regulator said it will investigate the pay-TV company’s content deals with internet service providers. Fisher & Paykel Healthcare led … Read more »

Article – BusinessDesk

May 16 (BusinessDesk) – AWF Group, the contract labour company, reported a 23 percent fall in net profit as it wrote down the value of its goodwill, even as it lifted sales by 19 percent. Read more »

Article – BusinessDesk

May 16 (BusinessDesk) – Wellington Drive Technologies is forecasting a profit in 2013, the first since listing on the NZX in 2001, as its turnaround cost cutting drive starts to widen the margin on sales of its energy efficient refrigeration motors. Read more »

Article – BusinessDesk

May 16 (BusinessDesk) – A tie-up between pay-TV operator Sky Network Television and state-owned Television New Zealand will hamper competition in the pay-TV market and undermine free-to-air broadcasters, according to private equity-owned rival MediaWorks. Read more »

Article – BusinessDesk

Quickflix welcomes probe of Sky TV content deals it says freeze out rivals By Paul McBeth Read more »

Article – BusinessDesk

May 16 (BusinessDesk) – Kiwi Income Property Trust’s manager said the property investor turned to an $89.2 million annual net profit from a $26.4 million loss, reflecting the insurance payout on its PricewaterhouseCoopers building in Christchurch offset … Read more »

Article – BusinessDesk

May 16 (BusinessDesk) – Australia and New Zealand Banking Group, Australia’s third-largest lender, plans to invest A$300 million to expand its branch network and increase lending in China, the world’s second-biggest economy. Read more »

Article – BusinessDesk

NZ regulator launches probe into Sky TV content contracts, gives thumbs up to Igloo JV Read more »

Press Release – IG Markets

Across Asia, markets have reversed the gains they posted yesterday as they caught up to the losses posted in European and US markets. Although we didn’t have many fresh leads from European and US trade, investors were in a risk off mood, as Europe’s … Read more »

Article – BusinessDesk

May 15 (BusinessDesk) – New Zealand shares fell, led by OceanaGold, which fell to the lowest level in more than two years as the price of gold weakened. Port of Tauranga and Ryman Healthcare paced the decline. Read more »

Article – BusinessDesk

May 8 (BusinessDesk) – Harley-Davidson, the US motorcycle company founded in 1903, has doubled sales to kiwi women in the past three years even as the nation’s overall market for big bikes has shrunk. Read more »

Article – BusinessDesk

May 8 (BusinessDesk) – Harley-Davidson, the US motorcycle company founded in 1903, has doubled sales to kiwi women in the past three years even as the nation’s overall market for big bikes has shrunk. Read more »