Archive for the 'Article' Category

NZ banks’ loan book hits fresh high of $228 bln

Article – BusinessDesk

Wednesday 27 July 2016 07:38 AM

NZ banks’ loan book hits fresh high of $228 bln, but margins squeezed

By Edwin Mitson

July 25 (BusinessDesk) – The size of the mortgage books of New Zealand’s banks hit a new high of $227.7 billion in the three months ended March 31, an increase of $8.4 billion or 3.9 percent on the previous quarter. Read more »

Long, Auckland-driven construction boom ahead: BRANZ report

Article – BusinessDesk

Tuesday 26 July 2016 04:12 PM

Long, Auckland-driven construction boom ahead: BRANZ report

By Paul McBeth Read more »

Airport staffer pleads guilty to three fraud charges

Article – BusinessDesk

Tuesday 26 July 2016 01:13 PM

Auckland Airport staffer pleads guilty to three fraud charges

By Paul McBeth

July 26 (BusinessDesk) – Former Auckland International Airport employee Teremoana Kimiangatau has pleaded guilty to charges of defrauding the airport out of about $1.8 million. Read more »

Australian medical research investment fund signs up Kiwis

Article – BusinessDesk

Australian medical research investment fund signs up Kiwi members

By Fiona Rotherham

July 26 (BusinessDesk) – Three New Zealand research organisations have signed up to become members of the Medical Research Commercialisation Fund, Australia’s largest life science venture fund. Read more »

Augusta shareholders back Finance Centre sale

Press Release – BusinessDesk

Monday 25 July 2016 04:45 PM

Augusta shareholders back Finance Centre sale

By Edwin Mitson

July 25 (BusinessDesk) – Augusta Capital’s shareholders have overwhelmingly backed the sale of its Finance Centre properties in central Auckland for $96 million at a special meeting to consider the deal. Read more »

Buckley Systems doubles factory space

Article – BusinessDesk

Electromagnet manufacturer Buckley Systems doubles factory space

By Fiona Rotherham

July 25 (BusinessDesk) – Auckland-based manufacturer Buckley Systems has almost doubled its factory space to meet demand for its precision electromagnets. Read more »

House prices to peak next year on new supply

Article – BusinessDesk

Monday 25 July 2016 02:13 PM

House prices to peak next year on new supply, lower migration: Infometrics

By Paul McBeth

July 25 (BusinessDesk) – New Zealand house prices will rise another 17 percent before peaking late next year as accelerating building activity takes time to meet the imbalance between a lack of housing stock and growing demand, says economic consultancy Infometrics. Read more »

Hugh Green’s children ask court to overrule High Court

Article – BusinessDesk

Monday 25 July 2016 02:11 PM

Two of Hugh Green’s children ask court to overrule High Court, remove their sister from family trust Read more »

Stephen Copulos becomes 2nd largest shareholder in ARB

Article – BusinessDesk

Friday 22 July 2016 02:53 PM

Australian Restaurant Brands director Stephen Copulos becomes 2nd largest shareholder

By Fiona Rotherham Read more »

Godfrey Hirst granted leave for narrow appeal

Article – BusinessDesk

Friday 22 July 2016 02:02 PM

Godfrey Hirst granted leave for narrow appeal on wool scouring merger

By Paul McBeth

July 22 (BusinessDesk) – Australian-owned carpet maker Godfrey Hirst has been given a small window to appeal a High Court ruling as it continues efforts to stop New Zealand’s largest wool scouring operations from merging. Read more »

Dip in June milk collection not as big as previously thought

Article – BusinessDesk

Friday 22 July 2016 10:45 AM

Fonterra’s dip in June milk collection not as big as previously thought

By Paul McBeth

July 22 (BusinessDesk) – Fonterra Cooperative Group says the decline in milk collection last month wasn’t as big as previously thought because the extra day of a leap year mucked up its modelling. Read more »

NZ staff turnover rising as balance tips

Article – BusinessDesk

Friday 22 July 2016 10:51 AM

NZ staff turnover is rising as balance tips in favour of job seekers

By Fiona Rotherham

July 22 (BusinessDesk) – Staff turnover is rising with more workers in New Zealand willing to risk taking on a new job in the current economic climate. Read more »

All five leading retail banks require 40% property deposit

Article – BusinessDesk

Thursday 21 July 2016 04:55 PM

UDATE: All five leading retail banks require 40% deposit from property lenders Read more »

Serco keeps million dollar interpreter contract

Article – BusinessDesk

Thursday 21 July 2016 03:27 PM

Serco keeps million dollar Language Line interpreter contract

By Paul McBeth

July 21 (BusinessDesk) – Serco Australia’s citizen services division has kept its $1 million contract to provide interpretation services for a growing number of non-English speaking New Zealanders. Read more »

Auckland Council raising $200 mln in bond offer

Article – BusinessDesk

Thursday 21 July 2016 01:41 PM

Auckland Council raising $200 mln in bond offer at higher rate than last issue

By Sophie Boot Read more »

NZ migration, tourism boom continues in June

Article – BusinessDesk

Thursday 21 July 2016 11:42 AM

NZ migration, tourism boom continues in June

By Sophie Boot

July 21 (BusinessDesk) – New Zealand’s booming migration extended its run of posting new records in June, though economists say it may have peaked, while tourism numbers also continued their strong growth. Read more »

Three major bank lenders introduce lending restrictions

Article – BusinessDesk

Thursday 21 July 2016 11:45 AM

UPDATE: Three major bank lenders introduce property investor lending restrictions early

(Adds ASB move) Read more »

ANZ joins Westpac in restricting loans early

Article – BusinessDesk

Thursday 21 July 2016 11:07 AM

ANZ joins Westpac in restricting loans to property investors early

By Fiona Rotherham

July 21 (BusinessDesk) – ANZ Bank New Zealand is the second bank to announce it will not take any new loan applications from property investors who do not have a 40 percent deposit, some six weeks earlier than required by the Reserve Bank. Read more »

Tougher admission rules to hit NZ companies with ASX listing

Article – BusinessDesk

Thursday 21 July 2016 10:40 AM

Tougher admission rules to hit NZ companies with ASX listing plans

By Fiona Rotherham

July 20 (BusinessDesk) – New admissions rules by the Australian Stock Exchange represent a new hurdle for the accelerating number of New Zealand companies listing across the Tasman. Read more »

ANZ boss warns on property market

Article – BusinessDesk

Wednesday 20 July 2016 05:10 PM

ANZ boss warns on property market, calls for further investor restrictions Read more »

« Previous PageNext Page »