Archive for the 'Article' Category

Noel Leeming fined $200,000 for misleading consumers

Article – BusinessDesk

Noel Leeming fined $200,000 for misleading consumers
By Jenny Ruth

Dec. 14 (BusinessDesk) – Noel Leeming has been fined $200,000 for misleading consumers about their rights under the Consumer Guarantees Act following a Commerce Commission prosecution. Read more »

Housing market continued cooling in November

Article – BusinessDesk

Housing market continued cooling in November
By Jenny Ruth

Dec. 14 (BusinessDesk) – House price inflation abated further in November, although sales volumes increased slightly, and the Auckland market cooled a little more. Read more »

Buying off the plans driving down KiwiBuild cost to govt

Article – BusinessDesk

Buying off the plans driving down KiwiBuild cost to govt: HYEFU
By Pattrick Smellie

Dec. 13 (BusinessDesk) – Government capital spending on the KiwiBuild programme will be lower than anticipated as more of the affordable homes are expected to be provided through buying and selling privately developed houses. Read more »

Motor vehicle lending helps UDC lift annual profit 6%

Article – BusinessDesk

Motor vehicle lending helps UDC lift annual profit 6%
By Jenny Ruth

Dec. 12 (BusinessDesk) – The ANZ Bank-owned UDC Finance says an 18 percent increase in lending on motor vehicles helped it lift annual net profit 6 percent. Read more »

Sydney house price downturn could dampen Auckland prices

Article – BusinessDesk

By Jenny Ruth

Dec. 12 (BusinessDesk) – The sharp fall in house prices in Sydney this year, down almost 10 percent from their peak in 2017, could have a dampening effect on Auckland’s property market, although the shortage of local houses, lower mortgage rates and still elevated net migration will counter any impact. Read more »

RBNZ denies central bank exerted influence over CBLI

Article – BusinessDesk

Reserve Bank governor Adrian Orr batted away accusations that the central bank had exerted influence over CBL Insurance’s creditors to support them in its bid for liquidation. Read more »

Cleantech start-up Mint Innovation raises $5.2M

Article – BusinessDesk

Cleantech start-up Mint Innovation raises $5.2M to prepare for commercial deployment
By Paul McBeth

Dec. 11 (BusinessDesk) – Cleantech start-up Mint Innovation has raised almost $5.2 million from mostly Kiwi investors as it starts preparing for commercial deployment. Read more »

Cap proposed for transmission pricing changes

Article – BusinessDesk

The Electricity Authority plans to set a cap on any increases in customer costs resulting from proposed changes to the way almost $1 billion of annual transmission costs are shared around the country. Read more »

Ryman Healthcare: service provider or property play?

Article – BusinessDesk

By Jenny Ruth

Dec. 11 (BusinessDesk) – Ever since Ryman Healthcare listed on NZX in 1999, analysts have been divided on whether the company is a property play or the provider of an essential service delivered through property management and development. Read more »

Ryman Healthcare: service provider or property play?

Article – BusinessDesk

By Jenny Ruth

Dec. 11 (BusinessDesk) – Ever since Ryman Healthcare listed on NZX in 1999, analysts have been divided on whether the company is a property play or the provider of an essential service delivered through property management and development. Read more »

Call for law society resignations after members veto sale

Article – BusinessDesk

Disgruntled Auckland District Law Society members want heads to roll at the top of the organisation after they defeated a divisive plan to sell the society’s heritage building. Read more »

Is this the calm before a storm of credit card thrashing?

Article – BusinessDesk

By Jenny Ruth

Dec. 10 (BusinessDesk) – Retail spending using electronic cards was only 1.2 percent higher nationwide in the first seven days of December than in the same week last year, according to Paymark, which processes more than 75 percent of New Zealand card transactions. Read more »

Shareholders’ Association wants Finzsoft to come clean

Article – BusinessDesk

The New Zealand Shareholders’ Association is hoping that financial institution software provider Finzsoft will come clean at the annual shareholders’ meeting about squabbles both at board level and between the owners of its largest shareholder. Read more »

Law society building stoush: voting system full of holes

Article – BusinessDesk

Law society building stoush: voting system full of holes
By Nikki Mandow

Dec. 7 (BusinessDesk) – The battle over the sale of the Auckland District Law Society building has taken a bizarre twist, with the opponents saying the way the online voting is structured means it is vulnerable to being tampered with – from either side. Read more »

Trout, Blakeley named for fuel pipeline inquiry

Article – BusinessDesk

Trout, Blakeley named for fuel pipeline inquiry

By Gavin Evans

Dec. 7 (BusinessDesk) – Elena Trout and Rodger Blakeley have been appointed by the government to examine last year’s fuel pipeline shutdown in Northland and identify any lessons it has for the resilience of the country’s fuel supplies. Read more »

Graeme Hart gives Otago University $10M for dental school

Press Release – BusinessDesk

By Jenny Ruth

Dec. 7 (BusinessDesk) – Otago University says New Zealand’s richest man, Graeme Hart, and his wife Robyn are giving it $10 million, the most significant donation in the university’s near-150 year history. Read more »

Supreme Court to hear part of Robt Jones Holdings stoush

Article – BusinessDesk

Supreme Court to hear part of Robt Jones Holdings’ Blue Chip stoush

By Paul McBeth

Dec. 6 (BusinessDesk) – The Supreme Court will hear a dispute over whether Bob Jones’s real estate firm Robt Jones Holdings jumped the queue in the liquidation of failed Blue Chip company, Northern Crest Investments. Read more »

Z Energy says EV take-up will drive charger installs

Article – BusinessDesk

Z Energy says EV take-up will drive charger installs

By Gavin Evans

Dec. 6 (BusinessDesk) – Z Energy says it is ready for the rapid expansion of electric vehicles but has no idea when that tipping point will be reached. Read more »

Just Water adds home ventilation business

Article – BusinessDesk

Just Water adds home ventilation business to its Hometech play
By Pattrick Smellie

Dec. 6 (BusinessDesk) – Auckland-based Just Water is continuing its expansion into healthy home ventilation and natural lighting with an agreement in principle to acquire ductless ventilation system vendor Unovent, for an undisclosed sum. Read more »

Vector wins claim on Penrose fire compensation

Article – BusinessDesk

Vector wins claim on Penrose fire compensation

By Gavin Evans

Dec. 5 (BusinessDesk) – Vector is to be repaid more than $300,000 after the High Court ruled the country’s electricity industry disputes body was wrong to find the company’s negligence had caused the Penrose substation fire in 2014 and that it had breached a duty of care to its commercial customers. Read more »

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