Archive for the 'Article' Category

NZX dairy futures point to further decline in WMP

Article – BusinessDesk

NZX dairy futures point to further decline in whole milk powder from six-month low

By Tina Morrison

Feb. 5 (BusinessDesk) – The price for New Zealand’s key dairy product, whole milk powder, looks set to fall further, according to traders who are pricing in declines on the NZX futures market. Read more »

UPDATE2: Hallenstein shares fall on profit, dividend drop

Article – BusinessDesk

UPDATE2: Hallenstein shares tumble as retailer confirms profit impact from weak dollar

(Adds comment on its balance sheet and inventory levels, updates shares.) Read more »

UPDATE: Hallenstein shares tumble on lower profit, dividend

Article – BusinessDesk

UPDATE: Hallenstein shares tumble as retailer confirms profit impact from weak dollar

(Adds share price reaction, broker comment.) Read more »

Hallenstein 1H profit falls 20% on competition, weak kiwi

Article – BusinessDesk

Hallenstein first-half profit falls 20% as competition, lower currency crimp margins

By Tina Morrison

Feb. 5 (BusinessDesk) – Hallenstein Glasson Holdings, the clothing retailer, said profit declined about 20 percent in the first-half as a weaker New Zealand dollar and competition crimped margins. Read more »

Gvt plan for Northland targets transport, web, Maori assets

Article – BusinessDesk

Gvt plan for Northland targets transport, web, Maori assets

By Jonathan Underhill

Feb. 4 (BusinessDesk) – The government has released a 10-year plan to attract investors and lift economic growth in Northland, Read more »

Twelve nations formally sign TPPAin Auckland

Article – BusinessDesk

Twelve nations formally sign Trade Pacific Partnership Agreement in Auckland, ratification will take longer

By Fiona Rotherham Read more »

Auckland house sales volumes jump to 8-year high in January

Article – BusinessDesk

Auckland’s house sales volumes jump to 8-year high in January, Barfoot says

By Tina Morrison

Feb. 4 (BusinessDesk) – Auckland residential property sales volumes jumped to an eight-year high for the month of January, according to the city’s largest realtor. Read more »

Fonterra Darnum JV to ship first product to China in 2H

Article – BusinessDesk

Fonterra’s Darnum JV with Beingmate to ship Chinese product in second half of 2016

By Tina Morrison

Feb. 4 (BusinessDesk) – Fonterra Cooperative Group’s Darnum plant in Australia, which it’s rolling into a joint venture with China’s Beingmate, is expected to start producing infant formula products for the venture’s Chinese customers in the second half of 2016. Read more »

NZ dollar rises to month high after Wheeler speech

Article – BusinessDesk

NZ dollar rises to month high after Wheeler speech, greenback weakness

By Tina Morrison

Feb. 4 (BusinessDesk) – The New Zealand dollar touched a month-high after Reserve Bank governor Graeme Wheeler talked down the chances of another rate cut, while the greenback slipped on growing speculation the Federal Reserve won’t hike rates anytime soon. Read more »

NZ dollar gains vs. Australian dollar after strong jobs data

Article – BusinessDesk

NZ dollar gains vs. Australian dollar after strong jobs data, Wheeler talks down cut

By Paul McBeth

Feb. 3 (BusinessDesk) – The New Zealand dollar gained against its Australian counterpart as data indicated a stronger labour market and after Reserve Bank governor Graeme Wheeler talked down the chances of another interest rate cut. Read more »

Economists question sharp drop in NZ unemployment rate

Article – BusinessDesk

Economists question sharp drop in NZ unemployment rate

By Paul McBeth

Feb. 3 (BusinessDesk) – Economists are taking the sharp drop in New Zealand’s unemployment rate with a grain of salt, even while saying employment data overall highlights a robust labour market where record inbound migration is helping curb wage inflation. Read more »

Harmoney raises $8.8 mln in preference share issue

Article – BusinessDesk

Harmoney raises $8.8 mln in preference share issue, halves threshold to go public

By Paul McBeth

Feb. 3 (BusinessDesk) – Harmoney Corp raised almost $8.8 million in a preference share issue after rejigging features of its constitution, including halving the level of new money it has to raise before going public. Read more »

Labour writes to Talley’s urging resolution of Affco dispute

Article – BusinessDesk

Labour writes to Talley’s urging resolution of five-month Affco meatworkers dispute

By Fiona Rotherham

Feb. 3 (BusinessDesk) – The Labour Party has urged Talley’s Group to resolve the five-month dispute between Affco and Wairoa meatworkers, saying it is causing severe financial hardship for the employees, their families and the local community. Read more »

Wynyard shareholders to vote on lifting share issue cap

Article – BusinessDesk

Wynyard shareholders to vote on lifting share issue cap in two weeks

By Paul McBeth

Feb. 3 (BusinessDesk) – Wynyard Group shareholders will vote on granting the board more freedom to issue shares in two weeks, after a downturn in global markets took the sheen off its existing plans to raise capital. Read more »

NZ dollar falls vs. Australian dollar after RBA statement

Article – BusinessDesk

NZ dollar falls vs. Australian dollar after RBA less pessimistic on global outlook

By Paul McBeth

Feb. 2 (BusinessDesk) – The New Zealand dollar fell against its trans-Tasman counterpart after the Reserve Bank of Australia was less pessimistic about the global outlook than some traders had expected. Read more »

Augusta to buy A$23 mln industrial property in Brisbane

Article – BusinessDesk

Augusta to buy A$23 mln industrial property in Brisbane for syndication

By Paul McBeth

Feb. 2 (BusinessDesk) – Augusta Capital, the listed property investor and fund manager, will buy a A$23 million industrial property in Brisbane, which it plans to put up for syndication. Read more »

Full break-up may be best option for ‘under-valued’ Fletcher

Article – BusinessDesk

Full break-up may be best option for ‘under-valued’ Fletcher Building, given outlook for Australia, ROW

By Jonathan Underhill Read more »

Govt to oppose appeal blocking $1.2B Auckland housing plan

Article – BusinessDesk

Government to oppose appeal blocking $1.2 bln Auckland housing scheme

By Paul McBeth

Feb. 1 (BusinessDesk) – Environment Minister Nick Smith and Housing New Zealand have joined legal proceedings in support of Auckland Council and Fletcher Building opposing a bid by community groups to only allow low-rise housing in a $1.2 billion housing redevelopment on the disused site of the Three Kings quarry. Read more »

NZ Dollar Outlook: Kiwi’s fate this week in hands of RBNZ

Article – BusinessDesk

NZ Dollar Outlook: Kiwi’s fate this week in hands of RBNZ

By Tina Morrison

Feb. 1 (BusinessDesk) – The New Zealand dollar’s direction this week may be dictated by key Reserve Bank officials who will be setting the scene for the year with a series of forward-looking speeches. Read more »

NZ migration at record high in 2015 as fewer depart for Aust

Article – BusinessDesk

NZ migration at record high in 2015 as fewer depart for Australia, foreign students flood in

By Sophie Boot

Feb. 1 (BusinessDesk) – New Zealand had a record net gain in migrants of 64,900 in the December year, with fewer people leaving for Australia and more arrivals from across Asia. Read more »

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