Archive for the 'Article' Category

Z shares at record as Caltex deal seen reducing competition

Article – BusinessDesk

Friday 29 April 2016 01:46 PM

UPDATE: Z shares at record as Caltex deal seen reducing competition

By Sophie Boot

April 29 (BusinessDesk) – Z Energy shares jumped to a record after the Commerce Commission approved its bid to buy rival Caltex and Challenge! Read more »

NZ building consents see-saw with 9.8% March fall

Article – BusinessDesk

Friday 29 April 2016 01:29 PM

NZ building consents see-saw with 9.8% March fall
By Jonathan Underhill

April 29 (BusinessDesk) – New Zealand residential building consents fell in March, reversing gains February, led by declines in Otago, Tasman and Bay of Plenty. Read more »

NZ building consents see-saw with 9.8% March fall

Article – BusinessDesk

NZ building consents see-saw with 9.8% March fall

By Jonathan Underhill

April 29 (BusinessDesk) – New Zealand residential building consents fell in March, reversing gains February and led by a drop-off in Auckland Wellington and Otago while Canterbury recorded an increase. Read more »

Tourism Holdings likely to exceed 2016 guidance

Article – BusinessDesk

Tourism Holdings likely to exceed 2016 guidance as margins improve

By Sophie Boot

April 29 (BusinessDesk) – Tourism Holdings will likely exceed its 2016 guidance as margins improve in New Zealand and Australia, giving the campervan rental company confidence to predict growth over 2017 and 2018. Read more »

Skellerup cuts earnings guidance again

Article – BusinessDesk

Skellerup cuts earnings guidance again, blaming weak oil and milk prices

By Paul McBeth

April 29 (BusinessDesk) – Skellerup Holdings cut its annual earnings guidance for a second time, projecting a lower profit than 2015 as weak milk, oil and gas prices around the world weigh on demand from the rubber goods maker’s customers. Read more »

Z cleared to buy Caltex assets, must sell 20 petrol stations

Article – BusinessDesk

Z cleared to buy Caltex assets, must sell 20 petrol stations

By Pattrick Smellie

April 29 (BusinessDesk) – Z Energy is allowed to buy the Caltex and Challenge! petrol station chains but must sell 19 of its retail sites and one truck-stop, the Commerce Commission has ruled in a split decision that acknowledges possible retail price coordination between fuel retailers occurs in some regions. Read more »

Volatile day for kiwi dollar as central banks drive action

Press Release – BusinessDesk

Thursday 28 April 2016 05:29 PM

Volatile day for kiwi dollar as central banks drive the action

By Jonathan Underhill Read more »

Labour claims new Home-Start scheme “vastly underperforming”

Article – BusinessDesk

Labour claims new Home-Start scheme “vastly underperforming”

By Edwin Mitson

April 28 (BusinessDesk) – Labour has warned one of the government’s policies to help first-time buyers is “vastly underperforming” and having little impact in Auckland, New Zealand’s largest city. Read more »

NZ dollar, swap rates jump as RBNZ keeps OCR at 2.25%

Article – BusinessDesk

Thursday 28 April 2016 10:53 AM

NZ dollar, swap rates jump as RBNZ keeps OCR at 2.25%

By Jonathan Underhill

April 28 (BusinessDesk) – The New Zealand dollar jumped 1.3 percent against the greenback after the Reserve Bank kept interest rates unchanged and repeated that easing may be required to get inflation back to its target while also noting a pick-up in house price inflation. Read more »

Rival mail operator G3’s profit margins above target

Article – BusinessDesk

Thursday 28 April 2016 10:06 AM

Rival mail operator G3’s profit margins above target, despite volume fall

By Sophie Boot Read more »

Genesis extends life of coal-fuelled power station to 2022

Article – BusinessDesk

Thursday 28 April 2016 09:37 AM

Genesis extends life of coal-fuelled power station to 2022

By Sophie Boot and Pattrick Smellie Read more »

RBNZ keeps OCR at 2.25%, says inflation likely to pick up

Article – BusinessDesk

Thursday 28 April 2016 09:25 AM

RBNZ keeps OCR at 2.25%, says inflation likely to pick up; kiwi jumps

By Paul McBeth

April 28 (BusinessDesk) – Reserve Bank governor Graeme Wheeler kept the official cash rate at 2.25 percent, Read more »

Moa narrows full-year loss

Article – BusinessDesk

Thursday 28 April 2016 09:11 AM

Moa narrows full-year loss by lifting volumes while cutting costs

By Jonathan Underhill Read more »

Fletcher Distribution spreads NZ ‘learnings’ to Australia

Article – BusinessDesk

Fletcher spreads NZ ‘learnings’ to Australia, spending A$10M on Tradelink expansion

By Fiona Rotherham

April 28 (BusinessDesk) – Fletcher Building’s Distribution division is spending A$10 million to expand its Australian bathroom and plumbing supplies chain Tradelink by 60 branches, based on lessons learnt from the turnaround of its New Zealand-based Mico brand and growth in Placemakers. Read more »

Update: FMA says growing interest in property crowdfunding

Article – BusinessDesk

Update: FMA says there’s growing interest in property crowdfunding under various new models

By Fiona Rotherham Read more »

Ruataniwha irrigation scheme hits farmer uptake targets

Article – BusinessDesk

Ruataniwha irrigation scheme hits farmer uptake targets

By Pattrick Smellie

April 27 (BusinessDesk) – Enough Hawke’s Bay farmers have signed up for water from the proposed Ruataniwha Water Storage Scheme for it to go ahead as long as a cornerstone institutional capital investor can be found to back it, its regional council promoter announced. Read more »

Fraud accused looks to be determined unfit to stand trial

Press Release – BusinessDesk

Fraud accused looks to be determined unfit to stand trial

By Sophie Boot

April 27 (BusinessDesk) – A person facing fraud-related charges is seeking to be determined unfit to stand trial on medical grounds, the High Court in Wellington heard today. Read more »

ICBC (NZ)’s loan book soars

Article – BusinessDesk

ICBC (NZ)’s loan book soars as Chinese-owned bank taps trade ties, mortgage demand

By Jonathan Underhill Read more »

House-sharing aims to get Aucklanders on property ladder

Article – BusinessDesk

House-sharing offer aims to get Aucklanders on property ladder

By Fiona Rotherham

April 27 (BusinessDesk) – Auckland startup The Ownery Ltd is offering a new way to enter the housing market by buying shares in a company that then buys a house. Read more »

Abano offered three times book value

Article – BusinessDesk

Abano offered three times book value for Bay International stake

By Jonathan Underhill

April 27 (BusinessDesk) – Abano Healthcare says it has received an unsolicited approach to buy the listed medical and dental centre investor’s 50 percent stake in audiology company Bay International for almost three times book value. Read more »

Next Page »