Archive for the 'Article' Category

Founder exits vital to $34 billion value created by unicorns

Article – BusinessDesk

Founder exits vital to $34 billion value created by NZ ‘unicorns’, says Callaghan
By Pattrick Smellie

April 8 (BusinessDesk) – Company founders’ willingness to sell to a new owner or welcome new shareholders has been vital to New Zealand businesses that have created around $34 billion of value in the last 15 years, says a new report from Callaghan Innovation. Read more »

To Rod Duke: Give us back our beach

Article – BusinessDesk

To Rod Duke: Give us back our beach
By Nikki Mandow

April 4 (BusinessDesk) – Neighbours of Briscoes multi-millionaire Rod Duke say he should be forced to pull down his reconstructed boat shed following a High Court decision quashing all resource consents to turn it into a helicopter pad. Read more »

Summerset Groups 1Q sales dip 4.2% on year

Article – BusinessDesk

By Rebecca Howard

April 5 (BusinessDesk) – Summerset Group’s first quarter sales dipped 4.2 percent and the Wellington-based retirement village operator and developer says it is beginning to see some impact from a slowing property market in Auckland and Christchurch. Read more »

Lyttelton Port slapped with compliance order

Article – BusinessDesk

Lyttelton Port told off over reluctance to deal with banned chemical
By Paul McBeth

April 4 (BusinessDesk) – The Environmental Protection Agency slapped a compliance order on Lyttelton Port Co for its slow response to the discovery of a banned chemical on one of its tugboats. Read more »

SkyCity to sell Auckland car park concession for $220m

Article – BusinessDesk

SkyCity to sell Auckland car park concession for $220 million

By Rebecca Howard

April 4 (BusinessDesk) – SkyCity Entertainment Group has agreed to sell a long-term concession over its Auckland car parks to Macquarie Principal Finance Group for $220 million as part of a strategy to get out of non-core assets. Read more »

Moutter exit prompts ‘sell’ recommendation from Fat Prophets

Article – BusinessDesk

By Rebecca Howard

April 3 (BusinessDesk) – Stocks research house Fat Prophets changed its buy recommendation on Spark New Zealand to sell after news that chief executive Simon Moutter is stepping down. Read more »

Barfoot sees regained momentum in Auckland sales

Article – BusinessDesk

Barfoot sees regained momentum in Auckland sales amid flat prices

By Jenny Ruth

April 3 (BusinessDesk) – Barfoot & Thompson says the Auckland market regained some momentum in March when its sales numbers almost doubled from February. Read more »

Tough retailing conditions and retail property values

Article – BusinessDesk

Tough retailing conditions translate into falling Kiwi retail property values
By Jenny Ruth

April 3 (BusinessDesk) – Tough times for retailers, including disruption from online retailing, is translating into falling retail property values. Read more »

Spark customer chief Hodson to replace Moutter

Article – BusinessDesk

By Paul McBeth

April 3 (BusinessDesk) – Spark New Zealand’s managing director Simon Moutter will leave the country’s biggest telecommunications company in July, handing over the reins to customer director Jolie Hodson. Read more »

Annual national house price growth continues to slow

Article – BusinessDesk

By Jenny Ruth

April 3 (BusinessDesk) – House prices in many parts of New Zealand are still rising at double-digit annual rates but they are falling in the Auckland region and the odd smaller centre. Read more »

Bankers beware: Fintechs aim at chunk of SME lending

Article – BusinessDesk

Bankers beware: Fintechs aim at chunk of SME lending

By Nikki Mandow

April 2 (BusinessDesk) – It’s been a long time coming, but New Zealand SMEs looking for business loans are at last starting to see options that don’t involve filling out a 20-page bank form, waiting weeks and putting their home on the line. Read more »

CORRECT: NZ residential building consents boosted

Article – BusinessDesk

CORRECT: NZ residential building consents boosted by planned apartments in Feb
(Fixes size of percentage increase in 3rd paragraph) Read more »

NZ residential building consents boosted in Feb

Article – BusinessDesk

NZ residential building consents boosted by planned apartments in Feb
By Paul McBeth

March 29 (BusinessDesk) – New Zealand residential building consents were boosted by a glut of planned Auckland apartments last month, hitting a record for a February month. Read more »

Consumers say, ‘I’m alright, Jack’, despite business gloom

Article – BusinessDesk

By Jenny Ruth

March 29 (BusinessDesk) – Even as businesses grow ever more gloomy, consumers are feeling not too bad.

The latest ANZ-Roy Morgan survey of consumers rose a point to 121.8 in March, well above the neutral 100 point level and about average. Read more »

SkyCity’s A$188M sale of Darwin casino goes unconditional

Article – BusinessDesk

By Paul McBeth

March 29 (BusinessDesk) – SkyCity Entertainment Group has wrapped up the A$188 million sale of its Darwin casino to US hospitality company Delaware North. Read more »

Businesses sink further into a mire of despond

Article – BusinessDesk

By Jenny Ruth

March 28 (BusinessDesk) – Businesses are getting ever gloomier with investment and employment intentions now barely positive and cost pressures rising. Export intentions have fallen to near record lows – below levels at any time during the Asian and global financial crises. Read more »

Employers worry about rising wages

Article – BusinessDesk

Employers worry about rising wages; workers don’t expect higher pay
By Jenny Ruth

March 28 (BusinessDesk) – Employment confidence ebbed in the March quarter as workers became gloomier about pay rises in the coming year. Read more »

The conundrum of Metlifecare’s discount

Article – BusinessDesk

The conundrum of Metlifecare’s discount while peers trade at a premium

By Jenny Ruth

March 27 (BusinessDesk) – Why do Metlifecare shares trade at less than 70 cents in the dollar compared with its net tangible asset backing and yet shares in competitors such as Ryman Healthcare and Summerset Group trade at huge premiums to NTA? Read more »

QEX adds Open Country, Swisse to China client base

Article – BusinessDesk

By Gavin Evans

March 26 (BusinessDesk) – QEX Logistics has added Open Country Dairy and Hong Kong-listed Swisse Wellness to its product distribution network in China. Read more »

Moa Group posts ‘positive ebitda’ for summer quarter

Article – BusinessDesk

Moa Group posts ‘positive ebitda’ for summer quarter

By Margreet Dietz

March 26 (BusinessDesk) – Moa Group, a brewer which has reported losses since listing in 2012, said it posted positive earnings over the summer quarter and is on track to achieve “near break-even profitability” for the six months ending March 31. Read more »

« Previous PageNext Page »