Archive for the 'Article' Category

Americans the biggest buyers of NZ land since 2010: Linz

Article – BusinessDesk

Americans the biggest buyers of New Zealand land since 2010, Linz data shows

By Fiona Rotherham

Jan. 29 (BusinessDesk) – Americans have been the biggest buyers of New Zealand land in the past five years although the Chinese topped the list in 2014 alone. Read more »

Fonterra drops forecast milk volumes by 3.3 percent

Article – BusinessDesk

Fonterra drops forecast milk volumes by 3.3 percent, reduces sales

By Fiona Rotherham

Jan. 29 (BusinessDesk) – Fonterra Cooperative Group, the world’s largest dairy exporter, reduced its milk volume forecast for the 2014-2015 season by 3.3 per cent due to the impact of dry weather on production in recent weeks. Read more »

Housing affordability drops 14%, driven by Auckland prices

Article – BusinessDesk

Housing affordability drops 14%, driven by Auckland house price rises

By Fiona Rotherham

Jan. 29 (BusinessDesk) – Housing affordability across New Zealand fell 14 percent in the year ending November 2014, with Auckland’s lack of affordability set to reach levels it hit during the height of the global financial crisis, according to the latest Massey University Home Affordability Report. Read more »

NZ dollar drops to 4-year low as RBNZ shifts into neutral

Article – BusinessDesk

NZ dollar drops to 4-year low, swap rates fall after central bank shifts into neutral

By Jonathan Underhill

Jan. 29 (BusinessDesk) – The New Zealand dollar tumbled to the lowest in almost four years and swap rates fell after the Reserve Bank dropped its tightening bias, saying it could raise or cut interest rates depending on the flow of economic data. Read more »

Reserve Bank sees OCR on hold ‘for some time’, could go ‘up

Article – BusinessDesk

Reserve Bank sees OCR on hold ‘for some time’, could go ‘up or down’ based on data

By Jonathan Underhill Read more »

Spark director Maury Leyland to resign next month

Article – BusinessDesk

Spark director Maury Leyland to resign next month as Fonterra duties mount

By Paul McBeth

Jan. 28 (BusinessDesk) – Spark New Zealand director Maury Leyland will resign from the telecommunications company’s board from the end of next month as she spends more time at her day-job as Fonterra Cooperative Group’s head of people, culture and strategy. Read more »

NZ govt to spend $650M on school upgrades, repairs in 2015

Article – BusinessDesk

NZ govt to spend $650M on school building upgrades, repairs in 2015

By Paul McBeth

Jan. 28 (BusinessDesk) – The New Zealand government expects to spend $650 million this year upgrading and maintaining its $8.32 billion school property portfolio, and anticipates repair costs for leaky buildings largely damaged by faulty cladding will be about $90 million. Read more »

Auckland Council hires PwC’s Suzanne Tindal as CFO

Article – BusinessDesk

Auckland Council hires PwC’s Suzanne Tindal as CFO

Jan. 28 (BusinessDesk) – Auckland Council, which has assets of almost $40 billion and annual revenue of $3.3 billion, named Suzanne Tindal as chief financial officer following the departure to Fletcher Building last year of Andrew McKenzie. Read more »

Labour’s Little promises to back NZ small business

Article – BusinessDesk

Labour’s Little promises to back NZ small business in drive to lower unemployment

By Paul McBeth

Jan. 28 (BusinessDesk) – Labour Party leader Andrew Little is targeting small business owners as a key plank in dragging down New Zealand’s unemployment rate to the lowest in the developed world in his first major speech as the leader of the Opposition. Read more »

Key to outline social housing strategy in first 2015 speech

Article – BusinessDesk

NZ PM Key to outline social housing programme in first major speech of 2015

By Paul McBeth

Jan. 27 (BusinessDesk) – New Zealand Prime Minister John Key will tomorrow outline his government’s plans to overhaul social housing, including the sale of government-owned stock and bringing in community and iwi organisations to expand the number of homes open to needy households. Read more »

A2 Milk Co changes requirements for NZ directors

Article – BusinessDesk

A2 Milk Co changes requirements for NZ directors ahead of ASX listing

By Fiona Rotherham

Jan. 27 (BusinessDesk) – Shareholders of The A2 Milk Company, the milk marketing company, have approved a new constitution which allows a reduction in the minimum number of New Zealand-resident directors ahead of a planned dual listing on the ASX this quarter. Read more »

F&P Appliances subsidiary fined A$200k over warranty claims

Article – BusinessDesk

F&P Appliances subsidiary fined A$200k over misleading warranty claims

By Paul McBeth

Jan. 27 (BusinessDesk) – Fisher & Paykel Appliances, the New Zealand whiteware manufacturer owned by China’s Haier, has been fined A$200,000 in relation to marketing of extended warranties in Australia. Read more »

NZ dollar trades near 3-year low, fails to break below US74c

Article – BusinessDesk

NZ dollar trades near 3-year low after failing to break below 74 US cents

By Jonathan Underhill

Jan. 26 (BusinessDesk) – Jan. 26 (BusinessDesk) – The New Zealand dollar traded near a three-year low after failing to push below 74 US cents, a level it hasn’t breached since late 2011. Read more »

VMob raises $2.17 mln, signs McDonald’s deal, shares soar

Article – BusinessDesk

VMob raises $2.17 mln, signs global deal with McDonald’s, shares soar

By Paul McBeth

Jan. 26 (BusinessDesk) – VMob, the NZAX-listed mobile voucher developer formerly known as VoucherMob, raised $2.17 million to help fund its global growth aspirations, and separately signed a worldwide deal with McDonald’s rolling out its platform immediately in the US. The shares more than doubled. Read more »

New NXT market unlikely to launch until at least March

Article – BusinessDesk

New NXT market unlikely to launch until at least March

By Fiona Rotherham

Jan. 26 (BusinessDesk) – The New Zealand stock exchange’s NXT growth market probably won’t have listings in place for a launch until at least March, six months after it gained Financial Market Authority approval for listing rules and market registration. Read more »

NZ dollar falls to 3-year low as investors favour greenback

Article – BusinessDesk

NZ dollar falls to 3-year low as investors favour greenback, shed euro

By Tina Morrison

Jan. 26 (BusinessDesk) – The New Zealand dollar fell to its lowest in more than three years as investors sold euro and bought US dollars, weakening other currencies against the greenback. Read more »

NZ dollar heads for 3.5% weekly drop as US economy shines

Article – BusinessDesk

NZ dollar heads for 3.5% weekly drop as US economy shines

By Paul McBeth

Jan. 23 (BusinessDesk) – The New Zealand dollar is heading for a 3.5 percent weekly decline against the greenback as the strength of the US economy was reinforced by Europe’s central bank rolling out a bigger than expected quantitative easing package to reinvigorate the moribund Eurozone. Read more »

UPDATE: Tainui’s Mike Pohio resigns

Article – BusinessDesk

UPDATE: Tainui’s Mike Pohio resigns; tribe reconsiders inland port development

(Adds further comment from van der Heyden) Read more »

Tanui CEO Pohio resigns after building $840M asset base

Article – BusinessDesk

Tanui Group Holdings CEO Mike Pohio resigns after building $840M asset base

By Fiona Rotherham

Jan. 23 (BusinessDesk) – Tainui Group Holdings chief executive Mike Pohio has resigned after eight years at the helm to pursue governance opportunities. Read more »

MightyRiverPower to keep energy price on hold

Article – BusinessDesk

MightyRiverPower to keep energy price on hold, other prices could change

By Paul McBeth

Jan. Read more »

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