Archive for the 'Article' Category

Cubic Defence NZ targets corporate, military sales

Article – BusinessDesk

Cubic Defence NZ targets corporate along with military and security customers

By Fiona Rotherham

April 10 (BusinessDesk) – High-tech exporter Cubic Defence NZ is setting its sights on selling military training systems to corporate customers. Read more »

Turners subsidiary buys Greenwich Life Insurance

Article – BusinessDesk

Turners subsidiary buys small insurance company, seeks more to grow scale

By Fiona Rotherham

April 10 (BusinessDesk) – Turners Limited, the listed finance lender taken over by Dorchester Pacific last year, has acquired the first of a number of small insurance companies as it looks to triple the size of its insurance business over the next two years. Read more »

Queens Wharf is a Category 1 Historic Place

Article – Joel Cayford

Queens Wharf is a Category 1 Historic Place

Read more »

FMA found nothing untoward in SkyCity share trading

Article – BusinessDesk

FMA found nothing untoward in SkyCity share trading before casino statement

By Jonathan Underhill

April 9 (BusinessDesk) – The Financial Markets Authority says it found nothing of concern in trading of SkyCity Entertainment Group shares ahead of the government saying it wouldn’t provide extra funding for Auckland’s convention centre. Read more »

NZ still has ‘rock star economy’, says HBSC’s Bloxham

Article – BusinessDesk

NZ still has ‘rock star economy’, says HBSC chief economist Bloxham

By Fiona Rotherham

April 9 (BusinessDesk) – HSBC chief economist Paul Bloxham, who first coined the phrase ‘rock star’ in January last year to describe New Zealand’s economic growth, says it’s still a rock star despite lower dairy prices and slower growth in its major trading partners. Read more »

UPDATE: Fliway falls 2.6% after IPO that raised $34 mln

Article – BusinessDesk

UPDATE: Fliway falls 2.6% after IPO that raised $34 mln

By Suze Metherell

April 8 (BusinessDesk) – Fliway Group shares fell 2.6 percent in early trading on the NZX, after the transport and logistics company’s $34 million initial public offering, marking the first listing on the bourse for 2015. Read more »

Fliway edges up 1.7% in NZX debut

Article – BusinessDesk

Fliway edges up 1.7% in NZX debut

By Suze Metherell

April 8 (BusinessDesk) – Fliway Group shares rose 1.7 percent in their debut on the NZX, after the transport and logistics company’s $34 million initial public offering, marking the first listing on the bourse for 2015. Read more »

Nuplex beefs up investment plans across Asia

Article – BusinessDesk

Nuplex beefs up investment plans across Asia

By Paul McBeth in Shanghai

April 9 (BusinessDesk) – Nuplex Industries, the specialty chemicals manufacturer, is exploring more investment opportunities across Asia, having shifted its businesses away from the firm’s traditional markets in Australia and New Zealand. Read more »

Barfoot breaks records for Auckland home sales in March

Article – BusinessDesk

Barfoot breaks records for Auckland home sales in March

By Jonathan Underhill

April 7 (BusinessDesk) – Auckland house sales volume and average prices rose to a record last month, with buyers undeterred by soaring prices in the face of relatively low borrowing costs, according to Barfoot & Thompson, the city’s largest real estate agency. Read more »

Veritas says failure of 4 Mad Butcher outlets ‘coincidence’

Article – BusinessDesk

Veritas says failure of four Mad Butcher franchisees ‘coincidence of timing’

By Suze Metherell

April 7 (BusinessDesk) – Veritas Investments, the food and beverage investor, has responded to media reports about the financial health of its Mad Butcher brand by saying the liquidation of four of its franchisee-operated budget meat outlets this year is a coincidence. Read more »

Fonterra mulls $250M bond sale

Article – BusinessDesk

Fonterra mulls $250M bond sale, third issue for NZX debt market

April 7 (BusinessDesk) – Fonterra Cooperative Group, the world’s biggest dairy exporter, may sell $250 million of six-year bonds in what would be its third security listed on the NZX debt market. Read more »

NZ Super Fund suspends Milford’s mandate amid FMA probe

Article – BusinessDesk

NZ Super Fund suspends Milford’s mandate as FMA probe continues

By Suze Metherell
April 2 (BusinessDesk) – The Guardians of New Zealand Superannuation, tasked with managing the New Zealand Superannuation Fund, has suspended its investment mandate with Milford Asset Management while Milford is investigated by the Financial Markets Authority. Read more »

F&P Appliances records surge in global sales, loss narrows

Article – BusinessDesk

F&P Appliances records surge in global sales, narrows full-year loss

By Jonathan Underhill

April 2 (BusinessDesk) – Fisher & Paykel Appliances, the Auckland-based manufacturer and consumer credit company owned by China’s Haier Group, narrowed its full-year loss in 2014 after sales growth across all its markets drove a 46 percent gain in revenue. Read more »

Mowbray sells stamp businesses to outgoing chief executive

Article – BusinessDesk

Mowbray sells stamp businesses to outgoing chief executive John Mowbray

By Suze Metherell

April 2 (BusinessDesk) – Mowbray Collectables, the unprofitable listed auction house business, has sold its stamps, coins and bank notes collectables business to outgoing chief executive John Mowbray in a bid to return to profitability. Read more »

NZ dollar recovers on weaker greenback, despite dairy fall

Article – BusinessDesk

NZ dollar recovers on weaker greenback, despite dairy price fall

By Tina Morrison

April 2 (BusinessDesk) – The New Zealand dollar rebounded from overnight weakness as prices fell in the latest GlobalDairyTrade auction, with softer US data weighing on the greenback. Read more »

NZ dollar slips vs. Australian dollar, yen ahead of GDT

Article – BusinessDesk

NZ dollar slips vs. Australian dollar, yen ahead of dairy auction

April 1 (BusinessDesk) – The New Zealand dollar fell against the Australian dollar and the yen ahead of the latest GlobalDairyTrade auction overnight, on speculation prices will fall for a second straight sale amid increased supply of milk powder. Read more »

RESEND: Datacom wins A$242M Australian health contract

Article – BusinessDesk

RESEND: Datacom wins A$242M Australian federal health IT contract

(Resends to show currency is Australian dollars) Read more »

Datacom wins $242M Australian federal health IT contract

Article – BusinessDesk

Datacom wins $242M Australian federal health IT contract

April 1 (BusinessDesk) – Auckland-based IT services firm Datacom has won a $242 million contract to provide infrastructure and support services to the Australian federal Department of Health following what the company says was a “fiercely competitive process.” Read more »

NZ property values rise at fastest pace in 9 months in March

Article – BusinessDesk

NZ property values rise at fastest pace in 9 months in March: QV

By Suze Metherell
April 1 (BusinessDesk) – New Zealand residential property values climbed at the fastest pace in nine months in March, led by strong demand in Auckland. Read more »

NZ building consents fall for a third month in February

Article – BusinessDesk

NZ building consents fall for a third month in February

By Suze Metherell

March 31 (BusinessDesk) – New Zealand residential building consents declined for a third month in February, as the pace of new home building slowed. Read more »

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