BusinessDesk - Latest News [Page 1]

Livestock Improvement lifts stake in UK's Milk Records

Monday, 26 June 2017, 1:16 pm | BusinessDesk

June 26 (BusinessDesk) - Livestock Improvement Corp, or LIC, is to increase its holding in National Milk Records (NMR) to 17.2 percent from 2.6 percent after agreeing to subscribe for shares to allow the UK farm management recording services to fund its ... More >>

NZ King Salmon lifts annual earnings guidance

Monday, 26 June 2017, 12:22 pm | BusinessDesk

June 26 (BusinessDesk) - New Zealand King Salmon Investments expects annual earning to beat its offer document forecast on strong demand for its products and affirmed its projected profit for the following year. More >>

Sky TV, Vodafone drop $3.44 billion merger plan

Monday, 26 June 2017, 12:21 pm | BusinessDesk

June 26 (BusinessDesk) - Sky Network Television and Vodafone New Zealand have terminated their merger agreement which aimed to create the country's largest telecommunications and media group, and have withdrawn an appeal against the Commerce Commission's rejection ... More >>

Tower in trading halt as Suncorp's Vero lifts takeover tilt

Monday, 26 June 2017, 11:55 am | BusinessDesk

June 26 (BusinessDesk) - Tower shares are in a trading halt as the general insurer's board goes through the detail of an increased takeover bid from ASX-listed Suncorp Group's Vero Insurance New Zealand unit. More >>

NZ dollar edges up

Monday, 26 June 2017, 11:39 am | BusinessDesk

The kiwi was trading at 72.80 US cents as at 8am in Wellington from 72.84 cents in New York on Friday and from 72.67 cents in Asia last week. The trade-weighted index was at 78.49, little changed from last week. More >>

World Week Ahead: Eyes on Yellen

Monday, 26 June 2017, 10:05 am | BusinessDesk

June 26 (BusinessDesk) - Investors will scrutinise Tuesday’s comments by US Federal Reserve Chair Janet Yellen who’s slated to speak in London about global economic issues to gauge the likelihood of a third US interest rate rise this year. More >>

MARKET CLOSE: NZ shares fall

Friday, 23 June 2017, 8:44 pm | BusinessDesk

June 23 (BusinessDesk) - New Zealand shares dipped, with Contact Energy and Trustpower falling, while CBL Corp and Restaurant Brands rose. More >>

First NXT-listing G3 may quit the small-cap exchange

Friday, 23 June 2017, 8:43 pm | BusinessDesk

June 23 (BusinessDesk) - G3 Group is considering a plan to quit the NZX's NXT just two years after joining the market for minnows in a compliance listing. More >>

NZ dollar steady, markets looking ahead to US data

Friday, 23 June 2017, 8:43 pm | BusinessDesk

June 23 (BusinessDesk) - The New Zealand dollar was largely unchanged, holding the gains it made when the central bank held rates steady Thursday and - contrary to expectations - was relatively sanguine about the kiwi's strength. More >>

Restaurant Brands sales to exceed $700 mln in 2018

Friday, 23 June 2017, 8:42 pm | BusinessDesk

Restaurant Brands sales to exceed $700 mln in 2018 as KFC market keeps growing, CEO says More >>

NZ construction sector upbeat on infrastructure work

Friday, 23 June 2017, 8:41 pm | BusinessDesk

June 23 (BusinessDesk) - New Zealand's construction sector is increasingly upbeat about the growing infrastructure market, which will get a boost from the government's planned $32.5 billion investment over the next four years, helping offset a gloomier ... More >>

More than 400 register in Callaghan's C-Prize Challenge

Friday, 23 June 2017, 8:39 pm | BusinessDesk

June 23 (BusinessDesk) - So far more than 400 people have registered interest in entering Callaghan Innovation's biennial C-Prize Challenge, where innovators have been invited to create the next generation of wearable technology. More >>

Vector signs multi-million battery storage deal

Friday, 23 June 2017, 4:15 pm | BusinessDesk

June 23 (BusinessDesk) - Vector beat rivals to supply Australia's Territory Generation with battery storage technology in a multi-million deal for the New Zealand firm. More >>

NZ wool prices fall; crossbred fleece lowest in 7 1/2 years

Friday, 23 June 2017, 1:56 pm | BusinessDesk

June 23 (BusinessDesk) - Prices fell at New Zealand's latest weekly wool auction, with some grades hitting their lowest level in seven and a half years, amid continued lacklustre demand from China, the largest buyer of the fibre. More >>

Restaurant Brands to seek ASX dual-listing

Friday, 23 June 2017, 12:46 pm | BusinessDesk

June 23 (BusinessDesk) - Restaurant Brands, the fast food retailer, plans to dual-list on the Australian Stock Exchange by the end of September. More >>

NZ dollar rises after RBNZ maintains stance

Friday, 23 June 2017, 11:48 am | BusinessDesk

June 23 (BusinessDesk) - The New Zealand dollar rose as the Reserve Bank's latest review of interest rates kept its language intact, reassuring some market participants who saw a risk that it would paint a weaker picture of the outlook More >>

While you were sleeping: Health care stocks rise

Friday, 23 June 2017, 8:28 am | BusinessDesk

June 23 (BusinessDesk) - Wall Street moved higher as oil prices recovered while investors assessed the health-care bill released by Senate Republicans. More >>

MARKET CLOSE: NZ shares rise led by Xero, Contact Energy

Thursday, 22 June 2017, 8:45 pm | BusinessDesk

June 22 (BusinessDesk) - New Zealand shares rose, led by Xero which was spurred on by a rally in tech stocks on Wall Street, while blue chip stocks including power company Contact Energy and dual-listed listed bank Westpac Banking Corp also gained. More >>

Dollar gains as RBNZ's bid to talk down currency falls short

Thursday, 22 June 2017, 8:18 pm | BusinessDesk

NZ dollar gains as RBNZ's bid to talk down currency falls short of expectations More >>

NZME, Fairfax NZ merger appeal to be heard in October

Thursday, 22 June 2017, 7:36 pm | BusinessDesk

June 22 (BusinessDesk) - Dominant New Zealand news publishers NZME and Fairfax New Zealand will have their 10 days in court in October as they seek to overturn the Commerce Commission's rejection of a planned merger they say is needed to create ... More >>



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