BusinessDesk - Latest News [Page 1]

Augusta pays premium to take 9.3% stake in NPT for $11 mln

Monday, 26 September 2016, 9:41 am | BusinessDesk

Sept. 26 (BusinessDesk) - Augusta Capital paid 14 percent above the market price to take a 9.3 percent stake in listed property investor NPT. More >>

Chinese eye NZ tourism investment

Monday, 26 September 2016, 9:24 am | BusinessDesk

Sept. 25 (BusinessDesk) - The Chinese Chamber of Commerce is hosting a tourism investment summit to help New Zealand businesses better capitalise on burgeoning growth in the Chinese tourism market and encourage Chinese investment in this country’s stretched ... More >>

NZ dollar falls to 4-week low

Monday, 26 September 2016, 9:02 am | BusinessDesk

The New Zealand dollar fell to a four-week low as traders increased bets the Reserve Bank will cut the official cash rate in November after the bank last week cited "sustained" weakness in inflation while flagging the need for further easing. More >>

World Week Ahead: Eyes on OPEC, US debate

Monday, 26 September 2016, 8:35 am | BusinessDesk

Sept. 26 (BusinessDesk) - The Organisation of Petroleum Exporting Countries will meet in Algiers today, with investors watching to see if an agreement on limiting oil output can be reached in an effort to ease the global glut and bolster prices. More >>

Warehouse lifts staff entitlements provision 37%

Friday, 23 September 2016, 9:59 pm | BusinessDesk

Sept. 23 (BusinessDesk) - Warehouse Group lifted its staff entitlements provisioning for 2017 by more than a third with the country's biggest listed retailer one of a number of big businesses trying to work out the impact of years of underpaying holiday ... More >>

MARKET CLOSE: NZ shares drop as Orion suffers on strong kiwi

Friday, 23 September 2016, 9:48 pm | BusinessDesk

Sept. 23 (BusinessDesk) - New Zealand shares fell, led by Orion Health Group as the export-focused software developer contends with a strong kiwi dollar, while Warehouse Group and Hallensteins Glasson Holdings gained on their earnings. More >>

NZD falls vs. greenback, Aussie on likely November OCR cut

Friday, 23 September 2016, 5:30 pm | BusinessDesk

Sept. 23 (BusinessDesk) - The New Zealand dollar fell against the greenback and the Australian dollar after the Reserve Bank's interest rate review left traders with more of a sense that governor Graeme Wheeler is likely to cut the official cash rate ... More >>

Wellington Drive gets $2 mln funding line from SuperLife

Friday, 23 September 2016, 4:50 pm | BusinessDesk

Sept. 23 (BusinessDesk) - Wellington Drive Technologies, the maker of energy efficient motors for commercial refrigerators, has taken a $2 million facility from major shareholder SuperLife, the investment fund owned by NZX. More >>

Affco tried to gag union badmouthing Talleys

Friday, 23 September 2016, 4:46 pm | BusinessDesk

Sept. 23 (BusinessDesk) - Affco Holdings, the meat company owned by Talley's Group, demanded that the Meatworkers Union cease badmouthing members of the Talley family as a precondition of resuming contract negotiations at its Land Meats subsidiary, ... More >>

Comvita board proposes increased fee pool

Friday, 23 September 2016, 4:05 pm | BusinessDesk

Sept. 23 (BusinessDesk) - The board of Comvita, the manuka honey products company, is proposing to increase its pool for directors' fees so it can hire a new director with technology experience. More >>

Christchurch can squeeze capital from investment arm

Friday, 23 September 2016, 2:20 pm | BusinessDesk

Sept. 23 (BusinessDesk) - Christchurch City Council could squeeze capital out of its investment company without having to sell shares but asset sales will still be contemplated, says Mayor Lianne Dalziel. More >>

Warehouse's new strategy big on data; profit rises 12%

Friday, 23 September 2016, 2:08 pm | BusinessDesk

Sept. 23 (BusinessDesk) - Consumers wanting retailers to “show me you know me” is at the heart of a technology push under a new three-year strategy revealed today by Warehouse Group chief executive Nick Grayston, as the country’s largest listed ... More >>

RBNZ pushes for new quarterly disclosure regime

Friday, 23 September 2016, 12:49 pm | BusinessDesk

Sept. 23 (BusinessDesk) - The Reserve Bank is pushing for a new disclosure regime for the way banks make financial information public outside their half-year and annual updates, which would see the central bank draw on data it's already privy to. More >>

UPDATE: Intueri faces possible sanctions

Friday, 23 September 2016, 12:37 pm | BusinessDesk

Sept. 23 (BusinessDesk) - Intueri Education Group is in a trading halt on the NZX and ASX pending an announcement from the company over "possible sanctions" across the Tasman. More >>

Blue Sky Meats names Todd Grave as new chief executive

Friday, 23 September 2016, 12:32 pm | BusinessDesk

Sept. 23 (BusinessDesk) - Blue Sky Meats, the meat processor whose shares trade on the Unlisted platform, named former Fonterra Cooperative Group marketing executive Todd Grave as its new chief executive, replacing general manager Ricky Larsen who ... More >>

NZ wool auction sees varied selection, higher volumes

Friday, 23 September 2016, 11:34 am | BusinessDesk

Sept. 23 (BusinessDesk) - New Zealand wool prices generally advanced at the country's latest weekly auction, which featured the greatest number of bales on offer in the season so far. More >>

King Salmon to sell shares at $1.12 apiece in IPO

Friday, 23 September 2016, 11:13 am | BusinessDesk

King Salmon to sell shares at $1.12 apiece in IPO, raising $77.5 mln More >>

Veritas forecasts revenue drop in 2017

Friday, 23 September 2016, 11:11 am | BusinessDesk

Sept. 23 (BusinessDesk) - Veritas Investments says revenue will drop in 2017 as Mad Butcher sales continue to fall, while its bank has extended its lending facilities beyond next year. More >>

Intueri in trading halt ahead of announcement

Friday, 23 September 2016, 10:21 am | BusinessDesk

Sept. 23 (BusinessDesk) - Intueri Education Group is in a trading halt pending an announcement from the company. More >>

Hallenstein full-year profit drops 21% on Glassons Australia

Friday, 23 September 2016, 9:39 am | BusinessDesk

Sept. 23 (BusinessDesk) - Hallenstein Glasson Holdings posted a 21 percent decline in full-year profit, reflecting a loss from its Glassons unit in Australia and weaker earnings from its flagship menswear chain. More >>



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