Archive for the 'Article' Category

Veritas shares jump 16%

Article – BusinessDesk

Veritas shares jump 16% as it affirms annual earnings guidance, says business is improving

By Paul McBeth Read more »

KiwiRail seeks 4 years’ funding under ‘value of rail’ accord

Article – BusinessDesk

KiwiRail seeks four years’ funding under ‘value of rail’ accord

By Pattrick Smellie

April 26 (BusinessDesk) – KiwiRail is starting negotiations for a new funding package it hopes will run from 2017 to 2020 and is looking for a small number of rail upgrade projects that will demonstrate that there is a “value of rail” to New Zealand beyond purely commercial returns. Read more »

Treasury examines asset ‘buy-back’ scheme for Council

Article – BusinessDesk

Tuesday 26 April 2016 03:20 PM

Treasury examines asset ‘buy-back’ scheme and taxing powers for Auckland Council

By Pattrick Smellie Read more »

Jury still out on impact of foreign property investors

Article – BusinessDesk

Tuesday 26 April 2016 12:38 PM

Jury still out on impact of foreign property investors as Key floats land tax idea

By Jonathan Underhill Read more »

Kiwi startup Dotterel wins innovation award

Article – BusinessDesk

Friday 22 April 2016 02:43 PM

Kiwi startup Dotterel wins innovation award for noise reduction drone technology

By Fiona Rotherham Read more »

English scotches speculation

Article – BusinessDesk

Friday 22 April 2016 02:31 PM

English scotches speculation Reserve Bank letter shows concern over performance

By Tina Morrison Read more »

Traders split on RBNZ’s April rate cut decision

Article – BusinessDesk

Traders split on RBNZ’s April rate cut decision as kiwi flies high

By Paul McBeth

April 22 (BusinessDesk) – Traders are evenly split on whether Reserve Bank governor Graeme Wheeler will deliver another interest rate cut next week, with the kiwi dollar flying above the central bank’s projections, making imported products cheaper and keeping a lid on inflation. Read more »

FEI faces ratings downgrade after loan restructure

Article – BusinessDesk

Finance company FEI faces ratings downgrade after loan restructure to Tomizone

By Fiona Rotherham

April 22 (BusinessDesk) – NZ finance company FE Investments (FEI) had its ‘B’ long-term and short-term credit ratings placed on CreditWatch Negative by Standard & Poor’s following the restructuring of its $1.7 million loan to loss-making wi-fi company Tomizone. Read more »

Uber and taxis to be covered by same regulations

Article – BusinessDesk

Thursday 21 April 2016 06:42 PM

Uber and taxis to be covered by same regulations under Transport overhaul

By Edwin Mitson Read more »

NZ posts new annual migration record in March year

Article – BusinessDesk

Thursday 21 April 2016 12:09 PM

NZ posts new annual migration record in March year

By Tina Morrison

April 21 (BusinessDesk) – New Zealand set a new annual migration record for a 20th month in March, as more people moved across the Tasman from Australia. Read more »

Metlifecare sells Wairarapa retirement village

Article – BusinessDesk

Thursday 21 April 2016 09:27 AM

Metlifecare sells Wairarapa retirement village, focuses on upper North Island for growth Read more »

Steel & Tube appeals rental debt ruling

Article – BusinessDesk

Wednesday 20 April 2016 03:11 PM

Steel & Tube appeals ruling to avoid defunct subsidiary’s unpaid rental debt

By Sophie Boot Read more »

Mobil’s challenge to Auckland clean-up reaches Supreme Court

Article – BusinessDesk

Wednesday 20 April 2016 12:59 PM

Mobil’s challenge to $10 mln Auckland contamination clean-up reaches Supreme Court Read more »

Tegel priced at $1.55 a share, near bottom of the range

Article – BusinessDesk

Wednesday 20 April 2016 08:54 AM

Tegel priced at $1.55 a share, near bottom of the range

By Paul McBeth

April 20 (BusinessDesk) – Tegel Group Holdings, the poultry group controlled by private equity firm Affinity Equity Partners, will sell shares at $1.55 apiece in the year’s first initial public offering, near the bottom of its indicative price range. Read more »

Regulator says Baby City sold cots with ‘structural defects’

Article – BusinessDesk

Tuesday 19 April 2016 05:00 PM

Regulator says Baby City sold cots with ‘structural defects’

By Edwin Mitson

April 19 (BusinessDesk) – Baby products retailer Baby City is to face nine charges over two types of cots sold between October 2014 and October 2015. Read more »

A2 Milk’s push into China bolstered

Article – BusinessDesk

A2 Milk’s push into China bolstered by results of human clinical trial in that country

By Fiona Rotherham Read more »

Potential buyers line up for ANZ Bank’s UDC finance business

Article – BusinessDesk

Potential buyers line up for ANZ Bank’s UDC finance business

By Pattrick Smellie

April 19 (BusinessDesk) – Private equity buyers would have an advantage over banks in bidding for ANZ Bank New Zealand’s UDC Finance business because they would not be bound by capital adequacy ratio requirements, says First NZ Capital in analysis that suggests Heartland Bank is nonetheless a potential buyer. Read more »

Stride Property to reap $31.8M from Penrose property

Article – BusinessDesk

Tuesday 19 April 2016 11:24 AM

Stride Property to reap $31.8M from Penrose property, provided it can ensure leases

By Jonathan Underhill Read more »

NZ shares tread water, Air NZ falls

Article – BusinessDesk

MARKET CLOSE: NZ shares tread water, Air NZ falls as Qantas signals weak demand

18 April

By Sophie Boot Read more »

AsureQuality partners with France’s Bureau Veritas

Article – BusinessDesk

AsureQuality partners with France’s Bureau Veritas to buy Dairy Technical Services

By Paul McBeth

April 18 (BusinessDesk) – AsureQuality, the state-owned food safety and biosecurity services firm, has teamed up with French testing and inspection group Bureau Veritas to buy out its partners in Australia’s Dairy Technical Services for an undisclosed sum. Read more »

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