BusinessDesk - Latest News [Page 1]

MARKET CLOSE: NZ shares eke out gains in thin trade

Monday, 23 January 2017, 8:52 pm | BusinessDesk

Jan. 23 (BusinessDesk) - New Zealand shares eked out gains on the first day of trading after US President Donald Trump's inauguration as a rise in Auckland International Airport and defensive stocks like Kiwi Property Group offset a sharp fall in Comvita. More >>

NZ dollar gains as Trump uncertainty keeps markets uneasy

Monday, 23 January 2017, 8:51 pm | BusinessDesk

Jan. 23 (BusinessDesk) - The New Zealand dollar rose above 72 US cents as investors remain uneasy about what US President Donald Trump will deliver in his much-anticipated infrastructure spending programme. More >>

Bapcor sweeps out Hellaby boardroom after securing control

Monday, 23 January 2017, 8:50 pm | BusinessDesk

Jan. 23 (BusinessDesk) - ASX-listed auto firm Bapcor has installed four new directors at Hellaby Holdings after securing control of the New Zealand firm. More >>

IkeGPS targets European sign market with Spike distribution

Monday, 23 January 2017, 8:49 pm | BusinessDesk

Jan. 23 (BusinessDesk) - IkeGPS is targeting Europe's sign market in a new distribution deal spanning 12 countries which the laser measurement toolmaker expects will accelerate sales of its Spike product. More >>

Election date announcement on the cards for Tuesday

Monday, 23 January 2017, 8:48 pm | BusinessDesk

Jan. 23 (BusinessDesk) - Prime Minister Bill English is declining to say whether the date for this year’s general election will be announced on Tuesday this week after the first Cabinet meeting of the year. More >>

Suncorp's outstanding Canterbury quake claims costs rise

Monday, 23 January 2017, 8:47 pm | BusinessDesk

Jan. 23 (BusinessDesk) - Suncorp Group, which owns general insurer Vero in New Zealand, has increased its outstanding claims provision for the 2010 and 2011 Canterbury earthquakes after getting new claims from the Earthquake Commission. Separately the insurer released ... More >>

Christchurch bucks trend in housing affordability survey

Monday, 23 January 2017, 4:14 pm | BusinessDesk

Jan. 23 (BusinessDesk) - Christchurch housing became more affordable in 2016, bucking the trend across New Zealand's housing markets tracked by the Demographia International Housing Affordability Survey. More >>

New Zealand markets in holding pattern

Monday, 23 January 2017, 4:13 pm | BusinessDesk

Jan 23 (BusinessDesk) - Both the New Zealand dollar and the stock exchange are a tad weaker but relatively steady today in the wake of US President Donald Trump's inauguration and analysts expect the situation to continue as markets take a wait-and-see ... More >>

Comvita warns annual earnings to slump on weak honey harvest

Monday, 23 January 2017, 3:45 pm | BusinessDesk

Jan. 23 (BusinessDesk) - Comvita shares sank 14 percent after the manuka honey products maker warned annual earnings will tumble by about two-thirds as the nation's unseasonably wet and windy weather saps the honey harvest and slow sales via China's informal ... More >>

Abano uses Healthcare Partners' dividend

Monday, 23 January 2017, 3:44 pm | BusinessDesk

Jan. 23 (BusinessDesk) - Abano Healthcare has used Healthcare Partners Holdings' interim dividend to offset the cost of a partial takeover mounted by the medical investor's biggest shareholder. More >>

NZ dollar little changed as investors await more detail

Monday, 23 January 2017, 3:44 pm | BusinessDesk

Jan. 23 (BusinessDesk) - The New Zealand dollar was little changed as investors await more detail on US President Donald Trump's plans to accelerate growth in the world's largest economy. More >>

World Week Ahead: President Trump takes office

Monday, 23 January 2017, 3:43 pm | BusinessDesk

Jan. 23 (BusinessDesk) - US President Donald Trump will be closely watched for details on his plans to accelerate economic growth, principally by easing taxes and regulation. More >>

MARKET CLOSE: NZ shares edge lower on thin volumes

Saturday, 21 January 2017, 11:24 am | BusinessDesk

MARKET CLOSE: NZ shares edge lower on thin volumes Trump inauguration awaited; NZ Refining falls More >>

New Zealand dollar continues to make headway vs greenback

Saturday, 21 January 2017, 11:23 am | BusinessDesk

Jan. 20 (BusinessDesk) - The New Zealand dollar continued to gain against the US dollar today as the greenback slipped ahead of US president-elect Donald Trump's inauguration. More >>

Judge allows change of trustees in Low family case

Saturday, 21 January 2017, 11:22 am | BusinessDesk

Judge allows change of trustees in Low family case, US$265 mln in assets now in contention More >>

S&P affirms New Zealand's 'AA' credit rating

Saturday, 21 January 2017, 11:21 am | BusinessDesk

S&P affirms New Zealand's 'AA' credit rating on solid economy, fiscal prudence; kiwi gains More >>

Willie Jackson, Norm Dewes, Willie Te Aho to fisheries trust

Friday, 20 January 2017, 5:08 pm | BusinessDesk

Jan. 20 (BusinessDesk) - Te Ohu Kaimoana, which oversees Māori fisheries assets, has named Willie Jackson, Norm Dewes and Willie Te Aho to the board of a $20 million trust for unaffiliated Māori after a successful challenge to the appointment of ... More >>

Judge to rule in favour of replacing trustees

Friday, 20 January 2017, 4:00 pm | BusinessDesk

Jan. 20 (BusinessDesk) - The judge in the High Court hearing involving family members of Malaysian businessman Jho Low has indicated he will rule in favour of the plaintiffs, allowing the family members to have trustees replaced so they can fight attempts ... More >>

NZ inflation probably back in RBNZ band

Friday, 20 January 2017, 3:57 pm | BusinessDesk

Jan. 20 (BusinessDesk) - Higher fuel prices probably pushed New Zealand’s annual inflation back above 1 percent for the first time in more than two years in the December quarter. More >>

Pumpkin Patch stores to close by mid-February

Friday, 20 January 2017, 2:53 pm | BusinessDesk

Jan. 20 (BusinessDesk) - The receivers of Pumpkin Patch will have all stores closed by mid-February after they couldn't entice a buyer for the failed children's wear chain, which traded through the traditionally busy holiday period. More >>



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