BusinessDesk - Latest News [Page 2]

ComCom indicates concerns with Ingenico, Paymark merger

Thursday, 12 July 2018, 1:23 pm | BusinessDesk

July 12 (BusinessDesk) - The Commerce Commission has indicated it has concerns with French payments systems provider Ingenico's planned acquisition of Paymark, as it might substantially lessen competition. More >>

A2 annual sales climb 68%

Thursday, 12 July 2018, 12:08 pm | BusinessDesk

July 12 (BusinessDesk) - A2 Milk Co lifted annual sales 68 percent, just beating the guidance given in May, and said it expects to maintain an earnings margin of about 30 percent in the coming year even with increased spending. More >>

NZ dollar falls below 68 US cts

Thursday, 12 July 2018, 11:58 am | BusinessDesk

NZ dollar falls below 68 US cts as markets respond to US-China trade standoff More >>

MARKET CLOSE: NZ shares drop, Synlait and Infratil fall

Wednesday, 11 July 2018, 10:27 pm | BusinessDesk

MARKET CLOSE: NZ shares drop, Synlait and Infratil fall while Gentrack, Ryman rally By Sophie Boot More >>

NZ dollar sinks, may fall below 68 US cents

Wednesday, 11 July 2018, 10:26 pm | BusinessDesk

NZ dollar sinks, may fall below 68 US cents, on Trump's latest tariffs, possible China response More >>

Skellerup spends US$1.1M for minority stake in US company

Wednesday, 11 July 2018, 4:15 pm | BusinessDesk

July 11 (BusinessDesk) - Skellerup Holdings has bought a 35 percent stake in Wisconsin-based liquid silicone rubber maker Sim Lim Technic for US$1.1 million. More >>

Smartpay raises A$7.5M selling convertible notes

Wednesday, 11 July 2018, 3:51 pm | BusinessDesk

July 11 (BusinessDesk) - Smartpay Holdings raised A$7.5 million selling sophisticated and professional investors convertible notes, which the listed payment terminal supplier will use to fuel expansion plans across the Tasman. More >>

Fonterra fund dropped from Craigs NZ portfolio

Wednesday, 11 July 2018, 3:17 pm | BusinessDesk

July 11 (BusinessDesk) - Craigs Investment Partners, one of New Zealand's largest investment advisory firms, has dropped the Fonterra Shareholders' Fund from its New Zealand equities portfolio, saying its performance has been "lacklustre at best". More >>

NZ dollar falls as Trump unveils tariffs on Chinese imports

Wednesday, 11 July 2018, 3:15 pm | BusinessDesk

July 11 (BusinessDesk) - The New Zealand dollar fell after US President Donald Trump's administration continued to ratchet up its trade war with China, unveiling a list of US$200 billion of imports facing a new 10 percent tariff. More >>

NZ guest nights rise to a record for May

Wednesday, 11 July 2018, 2:34 pm | BusinessDesk

July 11 (BusinessDesk) - New Zealand guest nights rose in May to a reach a record level for the month, driven by higher local stays across the country and more international tourists in the South Island. More >>

Pyne Gould takes control of Torchlight Fund

Wednesday, 11 July 2018, 1:52 pm | BusinessDesk

July 11 (BusinessDesk) - Pyne Gould Corp will take control of its Torchlight Fund as part of a deal with unhappy investors, including Accident Compensation Corp and Crown Asset Management, who had pursued the distressed asset investor through the ... More >>

Councils to borrow $196M from govt housing fund for water

Wednesday, 11 July 2018, 12:23 pm | BusinessDesk

July 11 (BusinessDesk) - Tauranga City and Waikato District councils will tap the central government's housing infrastructure fund to help upgrade local water infrastructure, which Housing Minister Phil Twyford says will speed up residential property developments ... More >>

NZ dollar holds near 2-week high

Wednesday, 11 July 2018, 11:59 am | BusinessDesk

NZ dollar holds near 2-week high, helped by record short positions, better risk sentiment More >>

MARKET CLOSE: NZ shares drop

Tuesday, 10 July 2018, 8:32 pm | BusinessDesk

MARKET CLOSE: NZ shares drop, Trustpower and NZ Refining fell, Sky TV, A2 gain By Sophie Boot More >>

NZ dollar extends gains vs pound in Brexit stoush

Tuesday, 10 July 2018, 8:18 pm | BusinessDesk

NZ dollar extends gains vs pound in Brexit stoush, may gain vs USD on growing 'short' positions More >>

Blue Sky Meats may adopt small-is-beautiful branding

Tuesday, 10 July 2018, 6:12 pm | BusinessDesk

Blue Sky Meats may adopt small-is-beautiful branding as point of difference to big-budgeted rivals, CEO says More >>

PGG Wrightson "no comment" on reported possible $600M buyout

Tuesday, 10 July 2018, 5:26 pm | BusinessDesk

July 10 (BusinessDesk) - PGG Wrightson says it has no comment on Australian media reporting that ASX-listed agribusiness company Elders is looking to buy it for $600 million. More >>

UPDATE: Govt, DHBs say no more funding available

Tuesday, 10 July 2018, 3:10 pm | BusinessDesk

July 10 (BusinessDesk) - Acting Prime Minister Winston Peters says the pay offer to nurses won't be increased after the nurses' union rejected another pay offer from the district health boards this morning. More >>

Xero names Godfrey-Billy as CFO

Tuesday, 10 July 2018, 2:45 pm | BusinessDesk

July 10 (BusinessDesk) - Xero said it's appointed Kirsty Godfrey-Billy as its new chief financial officer, replacing Sankar Narayan who is set to leave amid the latest executive reshuffle for the Wellington-based accounting software developer. More >>

NZ electronic card spending lifts across all industries

Tuesday, 10 July 2018, 2:23 pm | BusinessDesk

July 10 (BusinessDesk) - New Zealand retail spending on electronic cards rose across all industries for the first time in seven months in June. More >>



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