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BusinessDesk - Latest News [Page 1051]

NZX minnows NZF, Vetilot fined, censured over late filings

Monday, 20 January 2014, 10:28 am | BusinessDesk

Jan. 20 (BusinessDesk) - NZX minnows Vetilot and NZF Group have been fined and censured by the stock market operator’s disciplinary arm over the late filings of their respective annual reports. More >>

US fund Capital Group buys stake in Infratil, Utilico sells

Monday, 20 January 2014, 10:26 am | BusinessDesk

Jan. 20 (BusinessDesk) – US investment fund Capital Group has taken a 5.4 percent interest in Infratil, buying shares from Utilico Investments, a UK investor managed by Infratil director Duncan Saville’s ICM. More >>

World Week Ahead: Focus on US earnings

Monday, 20 January 2014, 8:58 am | BusinessDesk

Jan. 20 (BusinessDesk) – As the US corporate earnings season gathers steam, investors are keen to see that the latest results justify current valuation levels. More >>

NZ dollar slips as Chinese shadow banking fears re-emerge

Monday, 20 January 2014, 8:56 am | BusinessDesk

Jan. 20 (BusinessDesk) - The New Zealand dollar fell as fears over China’s financial sector re-emerged on reports a troubled trust product won’t be bailed out, ahead of economic data which is expected to show the world’s second-biggest economy is ... More >>

MARKET CLOSE: NZ shares drop; Fletcher, Kathmandu fall

Friday, 17 January 2014, 5:58 pm | BusinessDesk

Jan. 17 (BusinessDesk) – New Zealand shares dropped as the kiwi hit an eight-year high against the Australian dollar, weighing on companies that make sales across the Tasman such as Fletcher Building and Kathmandu Holdings. Apparel retailer Hallenstein ... More >>

NZ dollar heads for 2% weekly gain vs. A$

Friday, 17 January 2014, 5:15 pm | BusinessDesk

Jan. 17 (BusinessDesk) - The New Zealand dollar is heading for a 2 percent weekly gain against its trans-Tasman counterpart after data showed the divergent neighbouring economies which will likely see interest rates move in New Zealand’s favour. More >>

Late raid on GPG shares pushes price to 2 ½-year high

Friday, 17 January 2014, 3:27 pm | BusinessDesk

Jan. 17 (BusinessDesk) – Shares of Guinness Peat Group, the cash rich owner of a thread-making business that’s attracted investors including George Soros, have jumped to a 2 ½-year high after someone scooped up 1 percent of the company. More >>

NZ inflation seen tame enough to stay rate hikes until March

Friday, 17 January 2014, 2:09 pm | BusinessDesk

Jan. 17 (BusinessDesk) – The Reserve Bank and market economists are near agreement that inflation remained tame in the fourth quarter, keeping intact expectations that the official cash rate doesn’t need to rise from a record low until March. More >>

Hallenstein shares drop to 4-year low on rag trade woes

Friday, 17 January 2014, 12:38 pm | BusinessDesk

Jan. 17 (BusinessDesk) - Shares in Hallenstein Glasson sank to a four-year low after the clothing chain slashed its first-half earnings outlook on tepid Christmas sales, in another sign the rag trade is struggling to recover from a protracted downturn. More >>

NZ dollar climbs to new 8-year high vs. Australian dollar

Friday, 17 January 2014, 8:53 am | BusinessDesk

NZ dollar climbs to new 8-year high vs. Australian dollar as jobs data weighs on rate outlook More >>

While you were sleeping: Best Buy, Citigroup falter

Friday, 17 January 2014, 7:49 am | BusinessDesk

Jan 17 (BusinessDesk) – Wall Street slid as US companies including Best Buy and Citigroup reported results that fell short of expectations, fuelling concern some valuations are not justified by the outlook. More >>

MARKET CLOSE NZ shares rise, led by Kathmandu, Chorus

Thursday, 16 January 2014, 5:35 pm | BusinessDesk

Jan. 16 (BusinessDesk) – New Zealand shares rose to a two-month high, paced by Chorus, Kathmandu and Sky Network Television as the prospects of strong economic growth drew retail investors to the equity market. Hallenstein Glasson Holdings tumbled ... More >>

NZ dollar reaches 8-year high vs. Australian dollar

Thursday, 16 January 2014, 5:08 pm | BusinessDesk

Jan. 16 (BusinessDesk) - The New Zealand dollar climbed to a new eight-year high against its trans-Tasman counterpart after disappointing Australian jobs figures underlined the divergence between the neighbouring economies. More >>

Xero says price surge reflects upbeat press, US profile

Thursday, 16 January 2014, 3:20 pm | BusinessDesk

Jan. 16 (BusinessDesk) - Xero, whose shares soared 333 percent in 2013, has put down a rising share price to positive press, a growing brand in the US and high volatility from being closely held after getting a ‘please explain’ notice from the stock ... More >>

NZOG blames declining share price on Mataku well report

Thursday, 16 January 2014, 2:35 pm | BusinessDesk

Jan. 16 (BusinessDesk) - New Zealand Oil & Gas, which has interests in the Tui and Kupe fields, said the recent slide in its share price may reflect its report this week that no significant gas or oil shows were found at its Matuku well near ... More >>