BusinessDesk - Latest News [Page 2]

Kearns reaped fees, returns from 18 related investments

Friday, 24 March 2017, 7:26 am | BusinessDesk

March 23 (BusinessDesk) - The Motueka-based founder of the Forestlands investment companies set up a group that generated fees and other returns for his family trust and other entities including a share of subscribed capital raised and guaranteed ... More >>

TVNZ flags job cuts to arrest profit decline

Friday, 24 March 2017, 7:24 am | BusinessDesk

March 23 (BusinessDesk) - Television New Zealand has announced plans to streamline its businesses, cutting jobs to stem a decline in earnings in the face of falling advertising revenue. More >>

Vodafone selected for GCSB's Cortex malware disruption pilot

Friday, 24 March 2017, 7:19 am | BusinessDesk

March 23 (BusinessDesk) - Vodafone New Zealand, the country's second largest internet service provider, is trialling a pilot programme for the Government Communications Security Bureau, using top-of-the-line technology to mitigate an increasing number ... More >>

NZ dollar little changed after RBNZ stands pat

Friday, 24 March 2017, 7:18 am | BusinessDesk

March 23 (BusinessDesk) - The New Zealand dollar was little changed, retreating from an earlier gain after the central bank reiterated rates will be on hold for the foreseeable future and as markets await the outcome of a US vote to repeal Affordable ... More >>

MARKET CLOSE: NZ shares rise, Metro Glass and A2 gain

Friday, 24 March 2017, 7:16 am | BusinessDesk

March 23 (BusinessDesk) - New Zealand shares rose, led by Metro Performance Glass and A2 Milk Co, while Fletcher Building began falling again after giving up dividend rights. More >>

RBNZ's geopolitical concerns now 'extensive'

Thursday, 23 March 2017, 5:20 pm | BusinessDesk

March 23 (BusinessDesk) - The Reserve Bank's concerns about geopolitical uncertainties have been upgraded to "extensive" at a time when US President Donald Trump is facing a tougher battle in winning over legislators to enact his regulatory and ... More >>

UPDATE: Spark says TeamTalk valuation 'lacks credibility'

Thursday, 23 March 2017, 3:20 pm | BusinessDesk

March 23 (BusinessDesk) - Spark New Zealand says an independent valuation range for its takeover target, TeamTalk, lacks credibility and the top end of the range amounts to an "absurd premium". TeamTalk shares surged after the report was released and ... More >>

BNZ to bring in nuclear free, tobacco free investment policy

Thursday, 23 March 2017, 2:52 pm | BusinessDesk

March 23 (BusinessDesk) - Bank of New Zealand has developed a responsible investment policy which excludes companies involved in the production of cluster munitions, anti-personnel mines, nuclear weapons and tobacco or tobacco products from its international ... More >>

Pumpkin Patch brand, IP sold to Catch Group

Thursday, 23 March 2017, 12:46 pm | BusinessDesk

March 23 (BusinessDesk) - The receivers of failed children's clothing retailer Pumpkin Patch have confirmed that the company's brand and intellectual property have been sold to Australian online retailer Catch Group. More >>

TeamTalk advises shareholders to reject takeover offer

Thursday, 23 March 2017, 12:30 pm | BusinessDesk

March 23 (BusinessDesk) - TeamTalk has advised its shareholders to reject a "hostile and opportunistic" takeover offer by Spark New Zealand, saying the price is below an independent valuation and seeks to take advantage of a low point in its shares. More >>

Fletcher names Kernahan new CEO of troubled unit

Thursday, 23 March 2017, 12:28 pm | BusinessDesk

March 23 (BusinessDesk) - Fletcher Building has named Michele Kernahan as chief executive of its troubled construction division, effective immediately, and said current boss Graham Darlow will retire at the end of the financial year. More >>

RBNZ's Wheeler keeps OCR at 1.75%

Thursday, 23 March 2017, 12:17 pm | BusinessDesk

RBNZ's Wheeler keeps OCR at 1.75%, doesn't anticipate moving any time soon More >>

NZ dollar rises ahead of RBNZ review

Thursday, 23 March 2017, 11:35 am | BusinessDesk

March 23 (BusinessDesk) - The New Zealand dollar gained ahead of the Reserve Bank's six-weekly review of monetary policy, which is expected to see the benchmark interest rate kept unchanged at a record low. More >>

While you were sleeping: Nike stock drops

Thursday, 23 March 2017, 10:12 am | BusinessDesk

March 23 (BusinessDesk) - Wall Street was mixed as a decline in Nike shares offset a gain in stocks of Microsoft and Apple. More >>

Former F&P Healthcare employee pleads guilty to corruption

Thursday, 23 March 2017, 6:34 am | BusinessDesk

March 22 (BusinessDesk) - A former employee of Fisher & Paykel Healthcare pleaded guilty to a series of corruption-related charges in the Auckland District Court, the Serious Fraud Office said. More >>

Failure of Aussie trader blamed for demise of business

Thursday, 23 March 2017, 6:33 am | BusinessDesk

March 22 (BusinessDesk) - Alan Mitchell, a veteran of the goat breeding and goat meat industry, blames a failed Australian trading company for the demise of his export business, according to a liquidators' report. More >>

NZSA slams Heartland Bank's capital raising as unfair

Thursday, 23 March 2017, 6:31 am | BusinessDesk

March 22 (BusinessDesk) - The New Zealand Shareholders Association has criticised Heartland Bank over a $40 million of capital completed this month after its discounted share purchase plan closed more than three times oversubscribed. More >>

FMA halts Forestlands plan to distribute $18M after sales

Thursday, 23 March 2017, 6:27 am | BusinessDesk

March 22 (BusinessDesk) - The Financial Markets Authority is talking to Forestlands over $18 million the forest owner planned to distribute to investors after selling its assets. More >>

NZ dollar extends gain against Aussie

Thursday, 23 March 2017, 6:25 am | BusinessDesk

March 22 (BusinessDesk) - The New Zealand dollar gained against the Australian dollar as the interest rate differential between the countries looks set to persist and as investors were unnerved by the US White House's inability to deliver on its plans. More >>

Affco seeks judicial review of meatworkers ruling

Thursday, 23 March 2017, 6:23 am | BusinessDesk

March 22 (BusinessDesk) - Affco New Zealand is making another attempt to throw out a ruling that it unlawfully locked out meat workers when collective bargaining was taking place, this time asking the Court of Appeal for a judicial review of the Employment ... More >>

   

 

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