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BusinessDesk - Latest News [Page 167]

Xero eyes acquisitions with US$300M convertible note offer

Thursday, 27 September 2018, 2:09 pm | BusinessDesk

Sept. 27 (BusinessDesk) - Xero is on the hunt for new acquisitions and plans to raise US$300 million through an issue of convertible notes it will list in Singapore. More >>

Cavalier to sell scouring interest, focus on carpets

Thursday, 27 September 2018, 12:47 pm | BusinessDesk

Sept. 27 (BusinessDesk) - Cavalier Corp is close to selling its stake in New Zealand’s only wool scourer as part of a plan to reduce debt and free up capital to invest in carpet manufacturing. More >>

RBNZ's Orr keeps OCR at 1.75%

Thursday, 27 September 2018, 12:27 pm | BusinessDesk

Sept. 27 (BusinessDesk) - Reserve Bank governor Adrian Orr left the official cash rate at a record low 1.75 percent and while he kept a future cut on the table, he was more upbeat about the economy. More >>

NZ dollar falls ahead of RBNZ review; Fed hikes key rate

Thursday, 27 September 2018, 11:37 am | BusinessDesk

Sept. 27 (BusinessDesk) - The New Zealand dollar fell ahead of the Reserve Bank's policy review which is expected to keep the door open for a rate cut despite strong economic growth and recovering business confidence. More >>

MARKET CLOSE: NZ shares edge up

Wednesday, 26 September 2018, 8:55 pm | BusinessDesk

Sept. 26 (BusinessDesk) - New Zealand shares edged higher as improved confidence lifted building and tourism stocks. Rising oil prices kept investors nervous about higher energy costs for companies, and was identified as a headwind for Air New Zealand ... More >>

Callaghan funds Larry Ellison/Russell Coutts yacht building

Wednesday, 26 September 2018, 8:40 pm | BusinessDesk

Sept. 26 (BusinessDesk) - A New Zealand company owned by multi-billionaire America’s Cup arch-rival Larry Ellison, and which has Rich Lister yachtsman Russell Coutts on the board, is getting more taxpayer funding. More >>

NZ dollar rises on improved business confidence

Wednesday, 26 September 2018, 8:12 pm | BusinessDesk

NZ dollar rises on improved business confidence; FOMC and RBNZ in focus By Rebecca Howard More >>

Media merger: public benefit not limited to economic reasons

Wednesday, 26 September 2018, 8:08 pm | BusinessDesk

Sept. 26 (BusinessDesk) - The Commerce Commission has never been limited to balancing strictly economic considerations when gauging whether a merger passes a public benefit test, the Court of Appeal says. More >>

Te Rere Hau sale among options in NZ Windfarms review

Wednesday, 26 September 2018, 7:58 pm | BusinessDesk

Sept. 26 (BusinessDesk) - NZ Windfarms says it will look at any strategic options, including sale of its Te Rere Hau project, in order to deliver the best value to its shareholders. More >>

Westland Milk's payout at low end of guidance

Wednesday, 26 September 2018, 7:57 pm | BusinessDesk

Sept. 26 (BusinessDesk) - Westland Milk Products has cut its forecast for the 2019 season due to weak global butter prices and announced a farmgate return near the bottom end of guidance. More >>

Rising fuel costs pressure Air NZ earnings

Wednesday, 26 September 2018, 7:56 pm | BusinessDesk

Sept. 26 (BusinessDesk) - Jet fuel prices have risen above the assumed average for the current financial year of US$85 a barrel in recent weeks, Air New Zealand's chairman, Tony Carter, warned shareholders today. More >>

MacPherson aims to unleash the power of data at Stats NZ

Wednesday, 26 September 2018, 5:17 pm | BusinessDesk

Sept. 26 (BusinessDesk) - The head of New Zealand’s statistics agency is determined to realise the agency’s vision to unleash the power of data to change lives as she embarks on her second term at the helm. More >>

NZ dollar gains as firms start spring in less gloomy mood

Wednesday, 26 September 2018, 4:51 pm | BusinessDesk

Sept. 26 (BusinessDesk) - New Zealand business confidence recovered this month after spending winter in the doldrums. Investment intentions, however, continued to deteriorate despite signs the government's charm offensive may be gaining traction. More >>

Turners share price undervalued, chair says

Wednesday, 26 September 2018, 4:14 pm | BusinessDesk

Sept. 26 (BusinessDesk) - Turners Automotive Group's shares are under-valued as investors struggle with the complexity of the business and amid mounting concerns over the credit cycle, chair Grant Baker says. More >>

Grant Thornton questions more than 50c of Tilt valuation

Wednesday, 26 September 2018, 3:26 pm | BusinessDesk

Sept. 26 (BusinessDesk) - Above-market assumptions for Tilt Renewables’ cost of capital, the value of its Dundonnell project and the operating life of its other assets may overstate the value of the firm’s shares by more than 50 cents, according ... More >>