Archive for the 'Article' Category

UPDATE: Tainui’s Mike Pohio resigns

Article – BusinessDesk

UPDATE: Tainui’s Mike Pohio resigns; tribe reconsiders inland port development

(Adds further comment from van der Heyden) Read more »

Tanui CEO Pohio resigns after building $840M asset base

Article – BusinessDesk

Tanui Group Holdings CEO Mike Pohio resigns after building $840M asset base

By Fiona Rotherham

Jan. 23 (BusinessDesk) – Tainui Group Holdings chief executive Mike Pohio has resigned after eight years at the helm to pursue governance opportunities. Read more »

MightyRiverPower to keep energy price on hold

Article – BusinessDesk

MightyRiverPower to keep energy price on hold, other prices could change

By Paul McBeth

Jan. Read more »

GeoOp user growth accelerates in December quarter

Article – BusinessDesk

GeoOp user growth accelerates in December quarter

By Paul McBeth

Jan. 22 (BusinessDesk) – GeoOp, whose software allows mobile businesses such as builders to manage their workforce, reported accelerating growth in user numbers through the final three months of 2014. Read more »

RMA adds $30B to housing costs, stopped 40k houses: Smith

Article – BusinessDesk

RMA adds $30 bln to housing costs and stopped 40,000 new houses: Smith

By Pattrick Smellie

Jan. Read more »

NZ dollar falls on deflation, fading case for rate hikes

Article – BusinessDesk

NZ dollar falls on deflation, fading case for rate hikes

By Paul McBeth

Jan. 21 (BusinessDesk) – The New Zealand dollar fell after a slower-than-expected pace of annual inflation stoked speculation the country’s Reserve Bank will refrain from raising interest rates as quickly as it had previously indicated, with some economic commentary suggesting a bias towards a rate cut could yet emerge. Read more »

NZ skilled job vacancies rise in Dec as Chch spurs hiring

Article – BusinessDesk

NZ skilled job vacancies rise in December as Canterbury rebuild spurs hiring

By Suze Metherell

Jan. Read more »

StretchSense wins world recognition in wearable tech space

Article – BusinessDesk

Start-up StretchSense wins world recognition in wearable technology space

By Fiona Rotherham

Jan. 21 (BusinessDesk) – StretchSense, a start-up which develops and manufactures wearable sensors, has been selected by an international jury as one of the world’s most innovative wearable technology companies. Read more »

NZ consumer prices fall 0.2% in December quarter

Article – BusinessDesk

NZ consumer prices fall 0.2% in December quarter on cheaper petrol

By Paul McBeth

Jan. 21 (BusinessDesk) – New Zealand consumer prices fell in the final three months of 2014 as plunging oil prices prompted cheaper deals at the petrol pump and led to the first quarter of deflation since December 2012. The New Zealand dollar dropped. Read more »

T&G annual pre-tax profit to rise as much as 20%

Article – BusinessDesk

Turners & Growers annual pre-tax profit to rise as much as 20%

By Tina Morrison

Jan. 21 (BusinessDesk) – Turners & Growers, the fruit marketer majority owned by Germany’s BayWa, expects its pre-tax annual profit to rise as much as 20 percent. Read more »

Mega reverse listing target TRS pushes out deadline again

Article – BusinessDesk

Mega reverse listing target TRS pushes out deadline again

By Paul McBeth

Jan. 20 (BusinessDesk) – TRS Investments has again pushed out its deadline to complete a reverse listing of file storage and encryption firm Mega, this time by another two months. Read more »

UPDATE: HSBC economist Bloxham sees OCR at 4.5% in 2016

Article – BusinessDesk

UPDATE: HSBC economist Paul Bloxham sees OCR at 4.5% by end of 2016

(Recasts with comment)

By Fiona Rotherham

Jan. 20 (BusinessDesk) – HBSC chief economist Paul Bloxham is picking the Reserve Bank will lift the official cash rate by 25 basis points to 3.75 percent in the last quarter of the year due to inflationary pressures and by 100 basis points to 4.5 percent by the end of 2016. Read more »

NZ business confidence strong, profitability weak: QSBO

Article – BusinessDesk

NZ business confidence strong, profitability weak: QSBO

By Pattrick Smellie

Jan. 20 (BusinessDesk) – New Zealand business confidence remains at historically high levels, but profitability remains weak as firms lack confidence to push up prices in spite of comparative economic buoyancy, according to the latest quarterly survey of business opinion from the New Zealand Institute of Economic Research. Read more »

HSBC’s Bloxham predicts another strong NZ performance

Article – BusinessDesk

HSBC economist Bloxham predicts another strong NZ performance this year

By Fiona Rotherham

Jan. 20 (BusinessDesk) – Paul Bloxham, the HSBC economist who coined the phrase ‘rock star economy’ for New Zealand’s economic growth last year, is forecasting the country will remain one of the strongest performing developed economies in 2015. Read more »

NZF reverse listing documents up to three weeks away

Article – BusinessDesk

NZF and Inventory Technologies restructure plans up to three weeks away

By Suze Metherell

Jan. 20 (BusinessDesk) – NZF Group says plans for Inventory Technologies to use the listed financial services shell for a reverse listing on the NZX are up to three weeks away as it finalises documentation and applications to regulators. Read more »

NZ dollar edges up

Article – BusinessDesk

NZ dollar edges up ahead of local business confidence, inflation

By Paul McBeth

Jan. 19 (BusinessDesk) – The New Zealand dollar edged up ahead of business confidence and inflation figures in coming days, as investors gauge the strength of local economy in the lead-up to Thursday’s European Central Bank meeting, which is likely to unveil a major money printing programme. Read more »

UPDATE: Hallenstein shares rise to year high

Article – BusinessDesk

UPDATE: Hallenstein shares rise to year high after strong Christmas trading update

(Adds share price, comment throughout) Read more »

RMA reforms to be outlined Wednesday: Nick Smith

Article – BusinessDesk

RMA reforms to be outlined Wednesday: Nick Smith

By Pattrick Smellie

Jan. 19 (BusinessDesk) – Environment Minister Nick Smith will this week outline the approach and timing for a further attempt to reform the Resource Management Act after minor parties blocked a bill from progressing in the last Parliament because of its proposals to strengthen economic development priorities. Read more »

NZ employment confidence dims in December quarter

Article – BusinessDesk

NZ employment confidence dims in December quarter amid falling commodity prices

By Paul McBeth

Jan. 19 (BusinessDesk) – New Zealanders were more downcast about their job and earnings prospects in the December quarter as falling commodity prices weighed on rural economies and seeped into the cities, according to the Westpac McDermott Miller employment confidence survey. Read more »

Hallenstein 1H earnings may rise by a third on robust Xmas

Article – BusinessDesk

Hallenstein 1H earnings may rise by a third on robust Christmas trading

By Tina Morrison

Jan. 19 (BusinessDesk) – Hallenstein Glasson, which operates the Hallensteins, Glassons and Storm clothing chains in New Zealand and Australia, expects first-half earnings to rise by about a third after robust Christmas trading with positive growth continuing through January. Read more »

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