BusinessDesk - Latest News [Page 2]

Restaurant Brands staff to go on first strike in a decade

Friday, 21 April 2017, 3:19 pm | BusinessDesk

April 21 (BusinessDesk) - Half of Restaurant Brands New Zealand's 4,000-strong workforce is set to walk off the job tomorrow after negotiations for a new collective agreement broke down. More >>

NZ Super Fund writes off investment in Ogin

Friday, 21 April 2017, 2:44 pm | BusinessDesk

April 21 (BusinessDesk) - The New Zealand Superannuation Fund has completely written off the value of its investment in US wind turbine company Ogin which is in the process of being wound down. More >>

Farmers hold back wool from auction

Friday, 21 April 2017, 1:24 pm | BusinessDesk

April 21 (BusinessDesk) - Less wool than forecast was offered at New Zealand's weekly auction as farmers held back bales from sale in anticipation prices may lift in the future. More >>

TPP minus US starting to gain ground

Friday, 21 April 2017, 12:27 pm | BusinessDesk

April 21 (BusinessDesk) - The Japanese government is picking up the pace on reviving the Trans-Pacific Partnership trade and investment deal, with talks scheduled next month among the 11 countries left in the pact after the withdrawal by the US after ... More >>

NZ dollar unwinds inflation jump

Friday, 21 April 2017, 11:46 am | BusinessDesk

April 21 (BusinessDesk) - The New Zealand dollar unwound most of yesterday's gain from faster-than-expected inflation as Dallas Federal Reserve president Robert Kaplan affirmed his view that the world's biggest central bank will lift rates another two ... More >>

While you were sleeping: American Express rallies

Friday, 21 April 2017, 10:14 am | BusinessDesk

April 21 (BusinessDesk) - Wall Street climbed, bolstered by better-than-expected corporate earnings such as from American Express. More >>

NZ bond yields push higher after inflation

Friday, 21 April 2017, 8:49 am | BusinessDesk

April 20 (BusinessDesk) - The spread between New Zealand's longer-dated bonds and their US equivalent increased as higher-than-expected domestic inflation helped solidify market expectations the central bank will be lifting rates sooner that it's forecasting. More >>

NZ dollar gets lift from higher-than-expected inflation

Friday, 21 April 2017, 8:48 am | BusinessDesk

April 20 (BusinessDesk) - The New Zealand dollar gained after consumer prices rose at their fastest annual pace in five-and-a-half years in the first quarter of 2017, marking the first time inflation has hit the mid-point of the central bank's 1 percent-to-3 ... More >>

NZ shares slip with heightened US volatility

Friday, 21 April 2017, 8:46 am | BusinessDesk

April 20 (BusinessDesk) - New Zealand stocks declined as heightened volatility in US equity markets increases the influence of overseas investors on the local bourse. A2 Milk Co, a favourite stock among foreign investors, fell. More >>

UPDATE: Abano in spat with biggest shareholde

Friday, 21 April 2017, 8:44 am | BusinessDesk

April 20 (BusinessDesk) - Abano Healthcare Group's spat with its biggest shareholder Healthcare Partners Holdings degenerated into public accusations of lying as the parties prepare to face each other in the court room over a $566,000 bill. More >>

Cooks Global Food on track to extend coffee house network

Thursday, 20 April 2017, 3:45 pm | BusinessDesk

April 20 (BusinessDesk) - Cooks Global Food, which owns the master franchise rights for the Esquires Coffee chain outside New Zealand and Australia, says it's on track to boost its coffee house network by more than 40 percent by the end of the 2018 ... More >>

Annual NZ consumer prices rise 2.2% in 1Q

Thursday, 20 April 2017, 2:14 pm | BusinessDesk

April 20 (BusinessDesk) - New Zealand consumer prices rose at their fastest annual pace in five-and-a-half years in the first quarter of 2017 as rising fuel prices, a tax on cigarettes and tobacco and the hot housing market stoked inflation. More >>

Abano to sue biggest shareholder for takeover costs

Thursday, 20 April 2017, 2:10 pm | BusinessDesk

April 20 (BusinessDesk) - Abano Healthcare Group will sue its biggest shareholder Healthcare Partners Holdings for unpaid costs stemming from the investor's latest attempt to wrest control of the medical services investor. More >>

$30 mln kiwifruit orchard investment

Thursday, 20 April 2017, 2:09 pm | BusinessDesk

April 20 (BusinessDesk) - Maori trustee Te Tumu Paeroa and Bay of Plenty Regional Council investment arm Quayside Holdings plan to spend $30 million to build 10 kiwifruit orchards on Maori land in the next year and a half. More >>

Confident TAG Oil commits C$27.4M to capex in 2017/18

Thursday, 20 April 2017, 12:54 pm | BusinessDesk

April 20 (BusinessDesk) - Vancouver-based onshore Taranaki oil and gas explorer and producer TAG Oil is forging ahead with capital expenditure of C$27.4 million of exploration, production and work-over projects, with another C$8.4 million available if farm-in ... More >>

Restaurant Brands annual profit rise 7.8%

Thursday, 20 April 2017, 12:53 pm | BusinessDesk

April 20 (BusinessDesk) - Restaurant Brands New Zealand, the fast food operator, lifted annual profit 7.8 percent as its local KFC business generated record sales, bolstered by the recently acquired Australian KFC business, allowing directors to ... More >>

Mercury nudges up earnings guidance

Thursday, 20 April 2017, 12:06 pm | BusinessDesk

April 20 (BusinessDesk) - Mercury Energy, the electricity generator-retailer formerly known as MightyRiverPower, increased annual earnings guidance 2 percent as unseasonably strong inflows in the Waikato catchment lifted the power company's hydro generation. More >>

NZ dollar falls as weaker commodity prices weigh

Thursday, 20 April 2017, 11:42 am | BusinessDesk

April 20 (BusinessDesk) - The New Zealand dollar fell as weaker commodity prices sapped demand for currencies linked to primary production and ahead of local figures expected to show consumer prices rose at their fastest annual pace in more than five ... More >>

While you were sleeping: IBM disappoints

Thursday, 20 April 2017, 9:33 am | BusinessDesk

April 20 (BusinessDesk) - Wall Street was mixed, reflecting better-than-expected corporate earnings including from Morgan Stanley as well as disappointing results from IBM. More >>

Gregg's on the block

Thursday, 20 April 2017, 8:47 am | BusinessDesk

April 19 (BusinessDesk) - Ownership of two of New Zealand's oldest food brands, Gregg's and Raro, is up for grabs as the Japanese owner of the Cerebos businesses in New Zealand and Australia puts them up for sale. More >>



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