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BusinessDesk
Independent, Trustworthy New Zealand Business News
The Wellington-based BusinessDesk team provides a daily news feed for a serious business audience.
BusinessDesk - Latest News [Page 1090]
MIDDAY UPDATE: Infratil runs ruler over investment options
Monday, 21 October 2013, 12:14 pm | BusinessDesk
Morrison & Co-managed infrastructure investor Infratil has shelved plans to buy back shares as it runs the ruler over potential opportunities. More >>
Retirement Villages to sell $270 mln stake in Metlifecare
Monday, 21 October 2013, 11:51 am | BusinessDesk
Oct. 21 (BusinessDesk) – Australia’s Retirement Villages Group, the biggest shareholder of Metlifecare, has hired Goldman Sachs to sell its 37.7 percent stake, completing an exit that began when the New Zealand company merged with two rivals last year. More >>
NZ net migration climbs to decade-high in September
Monday, 21 October 2013, 11:50 am | BusinessDesk
Oct. 21 (BusinessDesk) - New Zealand’s inbound net migration rose to a decade-high in September as new migrants continued to arrive and the exodus across the Tasman kept dwindling. More >>
NZ Dollar Outlook: Kiwi may gain on delays to Fed tapering
Monday, 21 October 2013, 11:30 am | BusinessDesk
NZ Dollar Outlook: Kiwi may advance as investors bet Fed will delay tapering after US shutdown More >>
Rex Bionics seeks back-door listing on London’s AIM exchange
Monday, 21 October 2013, 11:03 am | BusinessDesk
Rex Bionics seeks back-door listing on London’s AIM exchange in 9.5M pound MedTech deal More >>
Methven taps Tersano executive David Banfield as CEO
Monday, 21 October 2013, 11:01 am | BusinessDesk
Oct. 21 (BusinessDesk) - Methven, the tapware maker, has named David Banfield, a manager at Canadian ozone cleaning products company Tersano and previously a long-time executive at a water filter manufacturer, as its new boss to replace Rick Fala. More >>
NZ dollar little changed as carry trade stokes Aussie demand
Monday, 21 October 2013, 8:30 am | BusinessDesk
Oct. 21 (BusinessDesk) – The New Zealand dollar was little changed as investors seeking to benefit from the carry trade favoured the Australian dollar over its New Zealand counterpart, amid expectations US monetary stimulus will last longer than ... More >>
World Week Ahead: Eyes on US jobs data, Apple
Monday, 21 October 2013, 8:08 am | BusinessDesk
Oct. 21 (BusinessDesk) – In a week during which a slew of major corporate results will be released, eyes will be firmly on the US government's September jobs report and how much longer the Federal Reserve will likely keep its current stimulus program ... More >>
MARKET CLOSE: NZ shares falls amid Summerset, Meridian sales
Friday, 18 October 2013, 6:12 pm | BusinessDesk
Oct. 18 (BusinessDesk) - New Zealand shares declined as investors sold up some of their holdings to participate in a private equity sale of shares in Summerset Group Holdings and as they prepare for next Wednesday’s bookbuild for the initial public ... More >>
Infratil delays buyback as it eyes ‘potential transactions'
Friday, 18 October 2013, 6:08 pm | BusinessDesk
Oct. 18 (BusinessDesk) - Infratil, the listed infrastructure investor, has delayed a planned $65 million share buyback as it runs the ruler over “potential transactions.” More >>
NZ dollar heads for 1.7% weekly gain as US stalemate ends
Friday, 18 October 2013, 5:05 pm | BusinessDesk
NZ dollar heads for 1.7 percent weekly gain as US stalemate ends, shut-down to delay Fed tapering More >>
Telco law review reignites content debate
Friday, 18 October 2013, 4:00 pm | BusinessDesk
Oct. 18 (BusinessDesk) - Communications Minister Amy Adams’ review of law governing the telecommunications sector has reignited the debate as to whether content will be a major driver for consumers to jump on to fibre services. More >>
Summerset shares gain 2.6% after Quadrant finishes exit
Friday, 18 October 2013, 3:47 pm | BusinessDesk
Oct. 18 (BusinessDesk) – Shares in Summerset Group Holdings climbed 2.6 percent after Australia’s Quadrant Private Equity sold down its remaining stake in the New Zealand retirement operator and developer for $155 million. More >>
Pengxin, Synlait founders offer $85.7M for Synlait Farms
Friday, 18 October 2013, 2:24 pm | BusinessDesk
Oct. 18 (BusinessDesk) - Shanghai Pengxin, which bought the Crafar family farms in a controversial deal last year, and the Synlait founders are offering $85.7 million to buy South Island dairy farmer Synlait Farms. More >>
Quadrant exits remaining stake in Summerset for $155M
Friday, 18 October 2013, 12:48 pm | BusinessDesk
Quadrant exits remaining stake in Summerset for $155M, reaping a total of $424M from sell down More >>
MIDDAY UPDATE: Quadrant reaps $424.4M from Summerset
Friday, 18 October 2013, 12:29 pm | BusinessDesk
Oct. 18 (BusinessDesk) – Australia’s Quadrant Private Equity has reaped about $424.4 million from a staged exit of its holding in local retirement operator and developer Summerset Holdings, selling its remaining stake today. More >>
SkyCity revenue down 2.8% in YTD as kiwi crimps Oz returns
Friday, 18 October 2013, 11:21 am | BusinessDesk
Oct. 18 (BusinessDesk) – SkyCity Entertainment Group, New Zealand’s only listed casino operator, said revenue before one-time items dropped 2.8 percent so far this financial year as a higher New Zealand dollar crimps returns from its Australian ... More >>
Shares in Summerset halted as Quadrant sells stake
Friday, 18 October 2013, 10:03 am | BusinessDesk
Oct 18 (BusinessDesk) – Summerset Group, New Zealand’s third-largest listed retirement village operator, had its stock halted as its major shareholder Quadrant Private Equity sells its holding. More >>
Warehouse boardroom shake-up sees Ted van Arkel as chair
Friday, 18 October 2013, 8:49 am | BusinessDesk
Oct. 18 (BusinessDesk) - Warehouse Group, the country’s biggest listed retailer, will undergo a boardroom shuffle with two retirements at this year’s annual meeting, which will see veteran director Ted van Arkel take up the reins as chairman. More >>
NZ dollar soars as Fed tipped to keep stimulus going
Friday, 18 October 2013, 8:46 am | BusinessDesk
NZ dollar soars above 85 US cts as Fed expected to hold monetary stimulus for longer More >>
