Article – BusinessDesk
By Paul McBeth
Dec. 9 (BusinessDesk) – The New Zealand dollar held gains in local trading after figures on the weekend showed China lifted exports by more than expected last month, and after strong US jobs growth on Friday undershot optimistic forecasts by some traders. Read more »
Article – BusinessDesk
By Tina Morrison
Dec. 9 (BusinessDesk) – New Zealand property values rose at a 9.2 percent annual pace in November, and continue to be driven by a shortage of houses in Auckland and Christchurch, although there appears to be some slowdown in buyer interest, according to state valuer Quotable Value. Read more »
Article – BusinessDesk
By Tina Morrison
Dec. 9 (BusinessDesk) – The New Zealand dollar may rise this week as sentiment turns against the US dollar even as data shows the world’s largest economy is improving. Read more »
Article – BusinessDesk
By Paul McBeth
Dec. 9 (BusinessDesk) – Freightways, New Zealand’s largest listed courier and data management company, has bought two document shredding firms, one on either side of the Tasman, for an aggregate $13 million. Read more »
Article – BusinessDesk
By Paul McBeth
Dec. 6 (BusinessDesk) – The New Zealand dollar is heading for a 1.4 percent weekly gain against its Australian counterpart as the divergence between the neighbouring economies becomes clearer, ahead of next week’s Reserve Bank of New Zealand policy review. Read more »
Article – BusinessDesk
By Paul McBeth
Dec. 6 (BusinessDesk) – The Reserve Bank’s inflation target is crucial if it wants the private sector to believe its projected interest rate path, and means the monetary authority needs consistent communications, deputy governor Geoff Bascand says. Read more »
Article – BusinessDesk
By Paul McBeth
Dec. 5 (BusinessDesk) – The New Zealand dollar held near a five-year high against its trans-Tasman counterpart as the likely divergent interest rate paths of the two economies continued to fuel demand for the kiwi. Read more »
Article – BusinessDesk
By Paul McBeth
Dec. 5 (BusinessDesk) – Delegat’s Group, the winemaker which this year bought Australia’s Barossa Valley Estate brand, expects operating profit to rise by about 10 percent in 2014, though it warns a high kiwi dollar may hurt earnings. Read more »
Article – BusinessDesk
By Tina Morrison
Dec. 5 (BusinessDesk) – SkyCity Entertainment Group, New Zealand’s only listed casino operator, faces a “benign earnings outlook” until the benefits show through from the redevelopment of its Adelaide casino complex in the 2017 financial year, according to Deutsche Bank/Craigs Investment Partners. Read more »
Article – BusinessDesk
By Jonathan Underhill Read more »
Article – BusinessDesk
By Tina Morrison Read more »
Article – BusinessDesk
By Paul McBeth
Dec. 4 (BusinessDesk) – Richina Pacific, the parent of failed construction firm Mainzeal Property & Construction, is in provisional liquidation since quitting the NZX five years ago, and has handed over its financial statements to the Companies Registrar for the financial years leading up to its demise. Read more »
Article – BusinessDesk
By Jonathan Underhill
Dec. 4 (BusinessDesk) – Godfrey Hirst, which acquired failed carpet maker Feltex in 2006, has pulled a $50 million dividend from its New Zealand business while reporting annual sales growth and one-time gains from asset sales and purchases. Read more »
Article – BusinessDesk
Barfoot
Dec. 4 (BusinessDesk) – Fewer Auckland houses are selling at auction, total sales were down 7.1 percent in November against October, and homes worth less than $500,000 are selling more slowly, says Auckland real estate agent Barfoot & Thompson. Read more »
Article – BusinessDesk
By Pattrick Smellie
Dec 4 (BusinessDesk) – NZX-listed high value timber products exporter Tenon is to explore ways of enticing US investors to back the stock as the American housing market starts to lift the company’s earnings after a seven year slog through the sub-prime mortgage and global financial crises. Read more »
Article – BusinessDesk
By Pattrick Smellie
Dec. 3 (BusinessDesk) – Fears the big power companies will stifle small competitors is prompting the Electricity Authority to mount an investigation into the practice of customer “saves” and “win-backs” to prevent customers switching provider. Read more »
Article – BusinessDesk
By Tina Morrison Read more »
Article – BusinessDesk
By Tina Morrison Read more »
Article – BusinessDesk
By Paul McBeth
Dec. 2 (BusinessDesk) – The New Zealand dollar gain as local figures showed the country’s terms of trade at a 40-year high in September and after better-than-expected Chinese manufacturing data provided some optimism for the trans-Tasman nations selling into the world’s most populous country. Read more »
Article – BusinessDesk
By Jonathan Underhill Read more »
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