Archive for the 'Article' Category

Reserve Bank says migration impact on housing ‘muted’ so far

Article – BusinessDesk

Reserve Bank says migration impact on housing ‘muted’ so far

By Suze Metherell

Sept. 11 (BusinessDesk) – The Reserve Bank is keenly watching the impact New Zealand’s decade-high net migration inflow is having on the housing market, which it says hasn’t pushed up property prices as aggressively as in the past. Read more »

Higher interest rates, loan curbs rein in house prices: RBNZ

Article – BusinessDesk

Higher interest rates, loan restrictions rein in house prices, RBNZ says

By Paul McBeth

Sept. 11 (BusinessDesk) – The Reserve Bank’s moves to hike interest rates and impose restrictions on low-equity home loans has helped slow the pace of house price increases, the central bank says. Read more »

NZ dollar little changed as RBNZ rate review looms

Article – BusinessDesk

NZ dollar little changed as RBNZ rate review looms

By Paul McBeth

Sept. 10 (BusinessDesk) – The New Zealand dollar was little changed near a six-month low ahead of tomorrow’s Reserve Bank policy review, where governor Graeme Wheeler is expected to keep the key rate on hold as he assesses the impact of his tightening this year. Read more »

Ports of Auckland firms up supply chain with logistics jv

Article – BusinessDesk

Ports of Auckland firms up supply chain with logistics joint venture

By Paul McBeth

Sept. 10 (BusinessDesk) – Ports of Auckland, the ocean hub of the country’s biggest city, is extending its control over the national supply chain in a joint venture with privately held transport and logistics firm Netlogix. Read more »

NZ SMEs report broader revenue growth, see more jobs: MYOB

Article – BusinessDesk

NZ SMEs report broader revenue growth, see more jobs, higher wages: MYOB

By Paul McBeth

Sept. 10 (BusinessDesk) – New Zealand small- and medium-sized businesses reported revenue growth in the past year, and a growing number expect to take on more staff and increase wages, according to an MYOB survey. Read more »

Philanthropist Gardiner’s NZ Refining stake split eight ways

Article – BusinessDesk

Canadian philanthropist Gardiner’s NZ Refining stake split eight ways

By Suze Metherell

Sept. 10 (BusinessDesk) – The estate of late Canadian philanthropist George Ryerson Gardiner has divided up its stake in New Zealand Refining Co as an inheritance. Read more »

Productivity Commission to look at housing land supply

Article – BusinessDesk

Productivity Commission to look at housing land supply

By Paul McBeth

Sept. 10 (BusinessDesk) – The Productivity Commission is to expand on its housing affordability report with an investigation into improving land supply and development capacity, particularly in areas with strong population growth. Read more »

NZ dollar drops to six-month low as greenback soars

Article – BusinessDesk

NZ dollar drops to six-month low as greenback soars on Fed expectations

By Paul McBeth

Sept. 9 (BusinessDesk) – The New Zealand dollar fell to the lowest in more than six months after the greenback soared on expectations the Federal Reserve will start hiking interest rates earlier and faster than previously anticipated. Read more »

Smartpay turns to Australian taxi market for margin growth

Article – BusinessDesk

Smartpay turns to Australian taxi market for margin growth

By Fiona Rotherham

Sept. 9 (BusinessDesk) – Smartpay, the listed payments terminal supplier, said it will sell into the taxi market in Australia before the end of the year to counteract a forecast 8 percent revenue drop that will follow the loss of an Australian contract in December. Read more »

Dorchester raises 2015 profit expectations on better trading

Article – BusinessDesk

Dorchester raises 2015 profit expectations on better trading

By Suze Metherell

Sept. 9 (BusinessDesk) – Dorchester Pacific, the finance company which plans this month to make a takeover bid for vehicle auction company Turners Group, raised its forecast for annual profit on better-than-expected trading across its insurance and credit businesses. Read more »

Acurity lifts stake in Auckland endoscopy, laparoscopy firm

Article – BusinessDesk

Acurity Healthcare lifts stake in Auckland endoscopy, laparoscopy investments

By Paul McBeth

Sept. 9 (BusinessDesk) – Acurity Healthcare Group, whose major shareholders are seeking to take the company private, has lifted its stake in Endoscopy Auckland and Laparoscopy Auckland after exercising options for an undisclosed sum. Read more »

NZ dollar declines as US dollar advances on optimism

Article – BusinessDesk

NZ dollar declines as US dollar advances on optimism

By Paul McBeth

Sept. 9 (BusinessDesk) – Veritas Investments, which owns the Mad Butcher franchise business, has bought upmarket grocery chain Nosh Food Market for $1.77 million. Read more »

APN NZ fleshes out senior team as carve-out looms

Article – BusinessDesk

APN NZ fleshes out senior team as carve-out looms

By Paul McBeth

Sept. 8 (BusinessDesk) – APN New Zealand, the local unit of the Australasian publisher of the New Zealand Herald newspaper, has beefed up its senior executive team as parent APN News & Media mulls carving out the New Zealand arm for a listing on the NZX. Read more »

Heartland takes 10% stake in HarMoney for undisclosed sum

Article – BusinessDesk

Heartland takes 10% stake in HarMoney, offers funding line through platform

By Suze Metherell

Sept. 8 (BusinessDesk) – Heartland New Zealand has taken a 10 percent stake in peer-to-peer lender HarMoney for an undisclosed sum and will provide funding through New Zealand’s only licensed platform as it continues to diversify its finance options. Read more »

Gentrack disclosure is warning to other listed companies

Article – BusinessDesk

Gentrack disclosure is warning to other listed companies, FMA’s Everett says

By Suze Metherell

Sept. 8 (BusinessDesk) – Rob Everett, head of the Financial Markets Authority, is warning listed-companies not to skirt continuous disclosure rules in light of recent complaints about Gentrack Group and Lyttelton Port Co, and has urged investors to manage risk as the stock market trades at record highs. Read more »

Sky TV loses rights to PGA golf series

Article – BusinessDesk

Sky TV loses rights to PGA golf series

By Tina Morrison

Sept. 8 (BusinessDesk) – Sky Network Television, New Zealand’s dominant pay-TV company, failed to renew the broadcast rights to US PGA Golf, European PGA Golf and the PGA Asian Tour Golf, which have previously represented 1.1 percent of total viewership on its channels. Read more »

Blue Chip’s Bryers loses bid to dodge hearing in person

Article – BusinessDesk

Blue Chip’s Bryers loses bid for video-link in bankruptcy hearing

By Paul McBeth

Sep. 5 (BusinessDesk) – Former Blue Chip principal Mark Bryers has lost a bid to avoid appearing in person at a High Court hearing to discharge his bankruptcy, with the judge turning down his request to be examined via a video-link from Australia, where he now lives. Read more »

NZ dollar heads for 1.3% weekly fall as greenback firms

Article – BusinessDesk

NZ dollar heads for 1.3% weekly fall as greenback firms, US jobs data looms

By Paul McBeth

Sept. 5 (BusinessDesk) – The New Zealand dollar is heading for a 1.3 percent weekly decline against the greenback as a string of US economic data firms up support for the world’s reserve currency on expectations the Federal Reserve will start hiking interest rates early, and as US employment figures loom. Read more »

Start-up CoachSeek raises more than $450k for development

Article – BusinessDesk

Start-up CoachSeek raises more than $450k to plough into development

By Paul McBeth

Sep. 5 (BusinessDesk) – Software start-up CoachSeek raised more than $450,000 after going through the Lighting Lab accelerator programme, and plans to knuckle down and develop its product before ramping up marketing efforts. Read more »

DNZ Property targets minimum 2.5% annual dividend growth

Article – BusinessDesk

DNZ Property targets minimum 2.5% annual dividend growth

By Paul McBeth

Sept. 5 (BusinessDesk) – DNZ Property Fund, the country’s sixth-biggest listed property investor by market value, wants to lift its dividends by at least 2.5 percent a year after the board evaluated the current market and make-up of the firm’s property portfolio. Read more »

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