Archive for the 'Article' Category

Job Done for winning pitch in Fonterra innovation comp

Article – BusinessDesk

Job Done for winning pitch in Fonterra innovation competition

By Fiona Rotherham

Sept. 1 (BusinessDesk) – It is indeed “job done” for the digital innovation start up of the same name which has secured a business relationship with dairy giant Fonterra Cooperative Group after delivering the winning pitch at an Auckland innovation event the cooperative organised. Read more »

NZ dollar gains ahead of dairy auction

Article – BusinessDesk

NZ dollar gains ahead of dairy auction as Chinese PMI keeps traders nervous

By Paul McBeth

Sept. 1 (BusinessDesk) – The New Zealand dollar recovered some of yesterday’s decline ahead of the latest dairy products auction, which will likely show a lift in prices, while weak Chinese manufacturing data continued to keep traders nervous. Read more »

Pressing need for basics overtakes Chch ‘smart city’ plan

Article – BusinessDesk

Pressing need for basic infrastructure overtakes Christchurch ‘smart city’ plan

By Jonathan Underhill

Sept. Read more »

Just Water posts 17% decline in annual profit

Article – BusinessDesk

Just Water posts 17% decline in annual profit

By Suze Metherell

Sept. 1 (BusinessDesk) – Just Water International, the water cooler and supplies business 79 percent owned by founder Tony Falkenstein, reported a 17 percent drop in annual profit, as restructuring costs weighed on the bottom line. Read more »

Commerce Commission files charges against mobile trader

Article – BusinessDesk

Commerce Commission files charges against truck shop operator

By Joshua Riddiford

Sept. 1 (BusinessDesk) – The Commerce Commission has filed charges against a mobile trader, or truck shop operator, claiming he obtained money from customers by deception and never intended to supply them with the goods they paid for. Read more »

Straker Translations raises $6mln with Kirk’s cornerstone

Article – BusinessDesk

Straker Translations raises $6 million with cornerstone from David Kirk’s Bailador Investments

By Fiona Rotherham Read more »

Snakk founder Derek Handley to leave board, shares fall

Article – BusinessDesk

Snakk founder Derek Handley to leave board, shares fall

By Joshua Riddiford

Sept. 1 (BusinessDesk) – Snakk Media founder Derek Handley will step down as chairman of the mobile advertising technology company by the end of the year in a wider boardroom shuffle. Read more »

NZ house values accelerate at fastest annual pace in 8 years

Article – BusinessDesk

NZ house values accelerate at fastest annual pace in 8 years, pushed by Auckland surge

By Suze Metherell
Sept. 1 (BusinessDesk) – New Zealand residential property values rose at their fastest annual pace in eight years in August, pushed higher by overflowing demand in Auckland, which is showing signs speculators think it has reached its peak, according to Quotable Value. Read more »

Sanford quits Pacific tuna unit, lines up buyers for boats

Article – BusinessDesk

Sanford quits Pacific tuna business, lines up buyers for vessels

By Paul McBeth

Sept. 1 (BusinessDesk) – Sanford, New Zealand’s largest listed fishing group, will quit its underperforming Pacific tuna business and put the unit’s fleet up for sale. Read more »

IRD seeks feedback on withholding tax for foreign buyers

Article – BusinessDesk

(Removes the word ‘resident’ from first paragraph)

CORRECT: Inland Revenue seeks feedback on withholding tax on foreign property buyers

Read more »

Live Nation NZ, MHC cleared by OIO to buy Vector Arena

Article – BusinessDesk

Live Nation NZ, MHC Investments cleared by OIO to buy Auckland’s Vector Arena

By Joshua Riddiford

Aug. 31 (BusinessDesk) – Live Nation NZ and MHC Investments have been cleared by the Overseas Investment Office to acquire Auckland’s 12,000-seat Vector Arena for an undisclosed sum. Read more »

IRD seeks feedback on taxing on foreign property buyers

Article – BusinessDesk

Inland Revenue seeks feedback on withholding tax on foreign property buyers

By Paul McBeth

Aug. 31 (BusinessDesk) – The Inland Revenue Department is proposing to introduce a resident withholding tax on foreign buyers of residential property from July next year as part of the government’s plans to crackdown on speculators. Read more »

NZ Dollar Outlook: Kiwi may decline on US jobs data

Article – BusinessDesk

NZ Dollar Outlook: Kiwi may decline as US jobs data seen boosting case for rate hike

By Tina Morrison

Aug. 31 (BusinessDesk) – The New Zealand dollar may decline this week on the expectation stronger US jobs data will increase the chance of a Federal Reserve interest rate hike next month. Read more »

NZ residential building consents jump 20% in July

Article – BusinessDesk

NZ residential building consents jump 20% in July, driven by Auckland intentions

By Paul McBeth

Aug. 31 (BusinessDesk) – New Zealand residential building consents jumped by a fifth in July, turning around a decline in June, and spurred by increased construction intentions in Auckland. Read more »

Rubicon turns to full-year profit on Tenon improvement

Article – BusinessDesk

Rubicon turns to full-year profit on Tenon improvement, disappointed at ‘moribund’ shares

By Jonathan Underhill Read more »

Jetstar launches regional network with $9 fares, five routes

Article – BusinessDesk

Jetstar launches regional network with $9 fares, five routes, four destinations

By Fiona Rotherham

Aug. 31 (BusinessDesk) – Jetstar, the Qantas Airways budget offshoot, launched its new regional network in New Zealand with special $9 one-way fares and has narrowed down its choices to five routes and four destinations – Nelson, Napier, New Plymouth, and Palmerston North. Read more »

Cavalier posts worst ever annual loss amid restructure

Article – BusinessDesk

Cavalier posts worst ever annual loss amid restructure

By Tina Morrison

Aug. 28 (BusinessDesk) – Cavalier Corp reported the worst loss in its history as the carpet maker foregoes dividends and sells assets in a bid to restructure its business and return to profitability. Read more »

NZ dollar heads for 3.1% weekly slump

Article – BusinessDesk

NZ dollar heads for 3.1% weekly slump after early market meltdown; Jackson Hole looms

By Paul McBeth
Aug. Read more »

Air NZ shares fall, analysts query capital return strategy

Article – BusinessDesk

Air NZ shares fall, analysts query capital return strategy

By Fiona Rotherham

Aug. 28 (BusinessDesk) – Air New Zealand’s share price has dropped 16 percent in the last three months and 5.7 percent since announcing a record $327 million net profit this week and indicating a significant earnings uplift for the 2016 financial year. Read more »

Air NZ shares fall, analysts query capital return strategy

Article – BusinessDesk

Air NZ shares fall, analysts query capital return strategy

By Fiona Rotherham

Aug. 28 (BusinessDesk) – Air New Zealand’s share price has dropped 16 percent in the last three months and 5.7 percent since announcing a record $327 million net profit this week and indicating a significant earnings uplift for the 2016 financial year. Read more »

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