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BusinessDesk - Latest News [Page 105]

US-owned Icebreaker consolidates HQ - in NZ

Wednesday, 20 February 2019, 11:35 am | BusinessDesk

Feb. 19 (BusinessDesk) - Less than a year after New Zealand merino clothing company Icebreaker was bought by US retail giant VF Corporation for $288 million, the company has announced a big shift for some of its head office staff. More >>

NZD lifts as US-China return to negotiating table

Wednesday, 20 February 2019, 11:09 am | BusinessDesk

Feb. 20 (BusinessDesk) - The New Zealand dollar lifted as a new round of talks between the US and China kicked off in Washington and after headlines that the US is pressuring China to keep the yuan stable as part of a potential deal. More >>

Dairy product prices advance less than expected

Wednesday, 20 February 2019, 10:29 am | BusinessDesk

Feb. 20 (BusinessDesk) - Dairy product prices moved higher at the Global Dairy Trade auction, rising for the sixth straight time, though gains were less than expected. More >>

Exploration ban may cut GDP by $38 billion - NZIER

Tuesday, 19 February 2019, 9:33 pm | BusinessDesk

Feb. 19 (BusinessDesk) - The government’s ban on new offshore exploration will reduce the country’s GDP by between $15 billion and $38 billion, raise prices and reduce investment during the next 30 years, the New Zealand Institute of Economic ... More >>

MARKET CLOSE: NZ shares fall: A2 downgraded

Tuesday, 19 February 2019, 9:06 pm | BusinessDesk

Feb. 19 (BusinessDesk) - New Zealand shares fell, with A2 Milk weaker after an analyst dubbed it overvalued and as weak Chinese sales by Australian supplements maker Blackmores weighed on the dairy company. Heartland Group declined on weaker-than-expected earnings. More >>

NZ dollar falls after second fruit fly discovered

Tuesday, 19 February 2019, 8:39 pm | BusinessDesk

Feb. 19 (BusinessDesk) - An already weak New Zealand dollar fell further on the news that a second fruit fly has been found in Auckland. It is of a different species to the adult male Queensland fly caught last week. More >>

UPDATE: Precinct raising $150M

Tuesday, 19 February 2019, 8:38 pm | BusinessDesk

(Updates to add further detail from second par, adds comment from the New Zealand Shareholders' Association from fifth par) More >>

Wrightson warns weak wool demand weighs on earnings

Tuesday, 19 February 2019, 4:41 pm | BusinessDesk

Wrightson warns weak wool demand, slow spring listings weigh on earnings More >>

OMV eyes Asia's growing gas demand

Tuesday, 19 February 2019, 3:31 pm | BusinessDesk

Feb. 19 (BusinessDesk) - Multi-national OMV is reorganising its regional activities to better meet increasing energy demand in South-East Asia, which may spin out an export opportunity for New Zealand. More >>

Heartland's 1H profit dampened by restructuring, accounting

Tuesday, 19 February 2019, 3:12 pm | BusinessDesk

Feb. 19 (BusinessDesk) - Heartland Group lifted first-half profit 6.5 percent with growth from its Australian reverse mortgage unit, business lending and its Open-for-Business digital lending platform particularly strong. More >>

Hallenstein seeks new CEO; shares fall

Tuesday, 19 February 2019, 3:06 pm | BusinessDesk

Feb. 19 (BusinessDesk) - Clothing retailer Hallenstein Glasson Holdings is seeking a group chief executive for the second time in two years. More >>

Tower affirms earnings guidance

Tuesday, 19 February 2019, 1:47 pm | BusinessDesk

Feb. 19 (BusinessDesk) - Tower has affirmed its annual earnings guidance, with gains in gross written premium and a lower claims ratio offset by a bigger bill for an extended and more staggered roll-out of its new digital platform. More >>

NZME targets positive earnings from paywall in 2 years

Tuesday, 19 February 2019, 1:09 pm | BusinessDesk

Feb. 19 (BusinessDesk) - NZME will start charging online audiences for premium content in the June quarter this year, but doesn't expect to start generating earnings for another two years. More >>

Precinct raising $150M from an underwritten placement

Tuesday, 19 February 2019, 12:58 pm | BusinessDesk

Feb. 19 (BusinessDesk) - Precinct Properties New Zealand is raising $150 million with only $20 million available to retail shareholders and has paid for underwriting of both it and the $130 million placement to institutional investors. More >>

NZ dollar dips from 13-day high

Tuesday, 19 February 2019, 11:56 am | BusinessDesk

Feb. 19 (BusinessDesk) - The New Zealand dollar slipped from a 13-day high after failing to break above 69 US cents. Trading is relatively muted with US markets closed for the Presidents' Day holiday. More >>

MARKET CLOSE: NZ shares subdued on China trade tensions

Monday, 18 February 2019, 9:44 pm | BusinessDesk

Feb. 18 (BusinessDesk) - New Zealand shares edged lower in subdued trading as fears over the country's trade relations with China unnerved investors. Property For Industry fell after its earnings missed expectations, while Port of Tauranga hit a new record ... More >>