Archive for the 'Article' Category

F&P Healthcare files patent complaint against rival ResMed

Article – BusinessDesk

Fisher & Paykel Healthcare has filed a complaint against its rival ResMed, alleging some of ResMed’s masks used to treat obstructive sleep apnea infringe its patents. Read more »

Appeal Court rejects Robt Jones Holdings’ bid

Article – BusinessDesk

Appeal Court rejects Robt Jones Holdings’ bid to keep former Blue Chip unit payments

By Paul McBeth

Sept. 10 (BusinessDesk) – The Court of Appeal has rejected Robt Jones Holdings’ bid to retain some $752,000 of payments from former Blue Chip unit Northern Crest Investments. Read more »

Closing the gap: How a capital gains tax could raise $100M

Article – BusinessDesk

Closing the gap: How a capital gains tax could raise $100M a year from property companies

By Nikki Mandow

Sept. 10 (BusinessDesk) – A capital gains tax could see listed investment property companies paying an additional $100 million in tax a year, according to a University of Auckland study. Read more »

Govt direction on transmission may be needed for dairy

Article – BusinessDesk

Govt direction on transmission may be needed for dairy sector electrification

By Gavin Evans

Sept. 10 (BusinessDesk) – Government intervention in transmission will probably be required if the country is serious about electrifying dairy processing to reduce the country’s carbon emissions, Babbage Consultants associate Richard Stretton says. Read more »

KordaMentha backs Orion Health’s $205M carve-up

Article – BusinessDesk

Independent adviser KordaMentha backs Orion Health’s $205M carve-up

By Paul McBeth

Sept. 7 (BusinessDesk) – Orion Health Group’s plans to carve up its businesses then return capital through a share buyback is fair to minority shareholders who’ve seen their investment’s value whittled away and probably better than any alternative, says independent adviser KordaMentha. Read more »

Reserve Bank’s Orr laments ‘short-termism’; spruiks NZ

Article – BusinessDesk

Reserve Bank’s Orr laments ‘short-termism’; spruiks NZ as global leader for change

By Tina Morrison

Sept. 7 (BusinessDesk) – Reserve Bank governor Adrian Orr lamented the dominance of short-term thinking in his first public speech since taking over as head of the central bank in March. Read more »

Allan Gray cuts NZME stake after weak earnings

Article – BusinessDesk

Allan Gray cuts NZME stake after weak earnings trigger 22% slump

By Paul McBeth

Sept. 6 (BusinessDesk) – Australian investment firm Allan Gray has halved its stake in NZME since the local media group reported underwhelming earnings last month, spurring a 22 percent slide in the share price. Read more »

Vector board rejects Entrust’s bid for early special meeting

Article – BusinessDesk

Vector board rejects Entrust’s bid for early special meeting, delays AGM

By Paul McBeth

Sept. 6 (BusinessDesk) – Vector’s board has decided to put off its annual meeting for a fortnight so it can include a resolution by controlling shareholder Entrust to dump chair Michael Stiassny rather than hold a separate event. Read more »

News website traffic relies on search engines/social media

Article – BusinessDesk

More than half of news website traffic comes from search engines/social media: AUT research
tes ago)
to editor
By Pattrick Smellie Read more »

NZ house values drop in August as winter cools appetites

Article – BusinessDesk

By Sophie Boot

Sept. 6 (BusinessDesk) – New Zealand house values shrank in August as the market cooled in winter, according to state-owned valuer Quotable Value. Read more »

Sistema millionaire Brendan Lindsay lifts stake in Methven

Article – BusinessDesk

Sistema millionaire Brendan Lindsay lifts stake in Methven to almost 20%
By Rebecca Howard Read more »

Building activity falls short of expectations

Article – BusinessDesk

Building activity falls short of expectations in June quarter

By Rebecca Howard

Sept. 5 (BusinessDesk) – The volume of total building work in the June quarter fell short of expectations and a series of constraints hitting the construction sector may mean future increases are gradual. Read more »

Auckland housing market rears its head

Article – BusinessDesk

Auckland housing market rears its head as sale prices, new listings pick up in August

By Paul McBeth

Sept. 5 (BusinessDesk) – Auckland’s property market showed signs of waking up from an extended lull in August as sale prices, turnover and new listings all increased, says realtor Barfoot & Thompson. Read more »

Natural gas key to low-carbon transition

Article – BusinessDesk

Natural gas key to low-carbon transition, First Gas CEO Goodeve says

By Gavin Evans

Sept. 5 (BusinessDesk) – New Zealand has plenty of natural gas and will need to use it to keep its transition to a lower-carbon economy affordable for homes and industry, First Gas chief executive Paul Goodeve says. Read more »

Twyford eyes higher health standards for rentals

Article – BusinessDesk

Twyford eyes higher health standards for rentals

By Paul McBeth

Sept. 4 (BusinessDesk) – Housing Minister Phil Twyford may lift the minimum health standards for rental properties, which could force landlords to shell out for adequate heating, insulation and ventilation. Read more »

Methven yet to receive substantial shareholder notice

Article – BusinessDesk

Methven yet to receive substantial shareholder notice as buyer pays premium for 6.4% stake

By Paul McBeth

Sept. 4 (BusinessDesk) – Methven hasn’t received notice from a mystery investor who paid a premium for 6.4 percent of the tapware maker’s shares, but takes it as a ringing endorsement of plans to grow profit. Read more »

Vodafone NZ annual profit falls 16%

Article – BusinessDesk

Vodafone NZ annual profit falls 16% as margins squeezed by rising device costs, wage bill

By Rebecca Howard

Sept. 4 (BusinessDesk) – Vodafone New Zealand reported a 16 percent slide in annual profit as the country’s biggest mobile carrier’s margins were squeezed by more expensive handsets and content costs, and a bigger wage bill. Read more »

F&P Healthcare downgrade creates uncertainty for investors

Article – BusinessDesk

NZX50 falls 0.6% as F&P Healthcare downgrade creates uncertainty for investors

By Paul McBeth

Sept. 3 (BusinessDesk) – The S&P/NZX 50 index fell in early trading as a profit warning by Fisher & Paykel Healthcare introduced new uncertainties for investors. Read more »

NZ dollar heads for 0.7% weekly fall

Article – BusinessDesk

NZ dollar heads for 0.7% weekly fall as global risk appetite wanes

By Rebecca Howard

Aug. 31 (BusinessDesk) – The New Zealand dollar is headed for a 0.7 percent weekly fall against the greenback as global risk appetite wanes and the chances of a domestic rate cut grow. Read more »

Tourism Holdings’ campervan maker cleared to expand

Article – BusinessDesk

Tourism Holdings’ campervan maker cleared to expand

By Gavin Evans

Aug. 31 (BusinessDesk) – Tourism Holdings’ campervan manufacturing business has been cleared to acquire a new site to expand its operations in Hamilton. Read more »

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