Archive for the 'Article' Category

Commonwealth Bank declares 5% stake in ERoad

Article – BusinessDesk

Commonwealth Bank declares 5% stake in ERoad

By Suze Metherell

Oct. 15 (BusinessDesk) – The Commonwealth Bank of Australia has taken a substantial shareholding in ERoad, two months after the logistics and fleet management company floated on the NZX. Read more »

RMA needs reform to ease urban development: Smith

Article – BusinessDesk

RMA needs reform to ease urban development: Smith

By Pattrick Smellie

Oct. 15 (BusinessDesk) – Newly appointed Environment Minister Nick Smith has announced Resource Management Act reform to foster urban development, where high land prices and expensive resource consents are blocking efforts to provide affordable housing. Read more »

NZF makes second attempt at luring a reverse lister to shell

Article – BusinessDesk

NZF makes second attempt at luring a reverse lister to its shell

By Suze Metherell

Oct. 15 (BusinessDesk) – NZF, the listed financial services shell company blocked from liquidating by its major noteholder this year, has begun talks with a second party about a possible reverse listing after abandoning initial talks with an undisclosed group. Read more »

Argosy lifts value of property portfolio by 2.1% in 1st half

Article – BusinessDesk

Argosy lifts value of property portfolio by 2.1% in first half

By Suze Metherell

Oct. 15 (BusinessDesk) – Argosy Property, New Zealand’s fourth-largest listed property investor by market capitalisation, said the value of its portfolio rose by 2.1 percent in the first half. Read more »

Argosy lifts value of property portfolio by 2.1% in 1st half

Article – BusinessDesk

Argosy lifts value of property portfolio by 2.1% in first half

By Suze Metherell

Oct. 15 (BusinessDesk) – Argosy Property, New Zealand’s fourth-largest listed property investor by market capitalisation, said the value of its portfolio rose by 2.1 percent in the first half. Read more »

Housing affordability worsens, says Massey index

Article – BusinessDesk

Housing affordability worsens, says Massey index

By Suze Metherell

Oct. 14 (BusinessDesk) – New Zealand housing is becoming less affordable as rising wages are not enough to offset climbing house prices and interest rates, says Massey University’s latest quarterly Home Affordability Report. Read more »

No evidence of a culture of concealment at South Canterbury

Article – BusinessDesk

No evidence of a culture of concealment at South Canterbury Finance, judge said

By Fiona Rotherham

Oct. Read more »

Kiwis confused about risk on growth investments, survey says

Article – BusinessDesk

Kiwis confused about risk on growth investments, survey shows

By Fiona Rotherham

Oct. 14 (BusinessDesk) – Kiwis are clued up about straight-forward low-risk investments but are far less confident on riskier choices, a Financial Markets Authority survey shows. Read more »

Tributes flow to Auckland businessman Mark Ford

Article – BusinessDesk

Tributes flow to Auckland businessman Mark Ford who died today

By Fiona Rotherham

Oct. 13 (BusinessDesk) – Watercare chairman David Clarke has paid tribute to the company’s former chief executive, Mark Ford, who died earlier today after serious illness. Read more »

Kiwi Income Property reshuffles executive positions

Article – BusinessDesk

Kiwi Income Property reshuffles executive positions

By Suze Metherell

Oct. 13 (BusinessDesk) – Kiwi Income Property Trust, the country’s second largest property trust by market capitalisation, has appointed Gavin Parker as chief operating officer, while Stuart Tabuteau will become chief financial officer. Read more »

NZ house sales fall for 11th month in September

Article – BusinessDesk

NZ house sales fall for 11th month in September

By Tina Morrison

Oct. 13 (BusinessDesk) – New Zealand house sales fell for the 11th month in September as fewer properties were put up for sale in the lead-up to the general election and mortgage loan restrictions reduced activity at the lower end of the market. Read more »

Sri Lanka lifts temporary ban on some Fonterra products

Article – BusinessDesk

Sri Lanka lifts temporary ban on some Fonterra products

By Suze Metherell

Oct. 13 (BusinessDesk) – Fonterra Cooperative Group says Sri Lankan health officials have lifted a temporary ban on some of it Anchor milk products, after testing showed the powder was safe. Read more »

Angel investors seek out new investment

Article – BusinessDesk

Angel investors seek out new investment rather than follow-on money

By Fiona Rotherham

Oct. 9 (BusinessDesk) – Angel investors are still investing in New Zealand start-ups, pouring $23.1 million into new companies in the first half of the year and showing more appetite for new rather than follow on funds, as measured by the New Zealand Venture Investment Fund’s Young Company Finance Index. Read more »

NZ dollar heads for 1.3% weekly gain vs. greenback

Article – BusinessDesk

NZ dollar heads for 1.3% weekly gain vs. greenback after Fed warning

By Paul McBeth

Oct. 10 (BusinessDesk) – The New Zealand dollar is heading for a 1.3 percent weekly gain against the greenback after the Federal Reserve warned a stronger US currency poses a risk to its economic recovery. Read more »

Shariah-compliant KiwiSaver scheme makes good returns

Article – BusinessDesk

Shariah-compliant KiwiSaver scheme makes good returns for ethical investors

By Fiona Rotherham

Oct. 10 (BusinessDesk) – The fledgling Amanah KiwiSaver which is based on Islamic Shari’ah investment principles has made a 13.3 percent return for the three months ending Sept. 30. Read more »

Fresh Appeal eyes the skies for fruity snacks

Article – BusinessDesk

Fresh Appeal says sky the limit as it targets airlines for fruity snacks

By Fiona Rotherham

Oct. 10 (BusinessDesk) – Fresh Appeal, a privately owned company which is commercialising technology to preserve cut fruit, is expanding into airline catering in the expectation it will provide a substantial new source of revenue. Read more »

Tower CFO Michael Boggs to step down in 2015

Article – BusinessDesk

Tower CFO Michael Boggs to step down in 2015

By Tina Morrison

Oct. 10 (BusinessDesk) – Tower, which sold its health, life and investment units to focus on general insurance, said chief financial officer Michael Boggs will leave in the first quarter of 2015. Read more »

Green Cross expands with Peak Primary acquisition

Article – BusinessDesk

Green Cross expands with Peak Primary medical centres acquisition

By Suze Metherell

Oct. 10 (BusinessDesk) – Green Cross Health, formerly Pharmacybrands, has bought medical centre operator Peak Primary, which was in breach of its banking covenants in 2013, for an undisclosed sum as it continues its expansion across the primary health sector. Read more »

CORRECT: Xero appoints heavy-hitter, Andy Lark, for US push

Article – BusinessDesk

CORRECT: Xero appoints heavy-hitter, Andy Lark, to push US sales

(CORRECTS and updates Andy Lark’s current employment in sixth par) Read more »

Xero appoints heavy-hitter, Andy Lark, to push US sales

Article – BusinessDesk

Xero appoints heavy-hitter, Andy Lark, to push US sales

By Pattrick Smellie

Oct. 9 (BusinessDesk) – Cloud accounting software firm Xero has snared Andy Lark, an expatriate New Zealander with a heavy-hitting global career, to be its new chief marketing officer as it moves to strengthen its push into the vital US market and confirms it expects a net loss for the six months to Sept. Read more »

« Previous PageNext Page »