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BusinessDesk - Latest News [Page 176]

KordaMentha backs Orion Health's $205M carve-up

Friday, 7 September 2018, 3:03 pm | BusinessDesk

Sept. 7 (BusinessDesk) - Orion Health Group's plans to carve up its businesses then return capital through a share buyback is fair to minority shareholders who've seen their investment's value whittled away and probably better than any alternative, ... More >>

Govt announces $153M PGF spend for Gisborne

Friday, 7 September 2018, 3:02 pm | BusinessDesk

Sept. 7 (BusinessDesk) - The government has announced $153 million in Provincial Growth Fund spending in Tairāwhiti, the Māori name used for the Gisborne region, in an attempt to boost the area's tourism and create jobs. More >>

Kiwifruit, apple exporters help drive 2.6% growth in trade

Friday, 7 September 2018, 2:16 pm | BusinessDesk

Sept. 7 (BusinessDesk) - New Zealand's wholesale trade expanded for a 10th straight quarter, with strong sales for fruit exporters underpinning the gain. More >>

Tweak taxes, lift minimum KiwiSaver contributions, FSC urges

Friday, 7 September 2018, 1:58 pm | BusinessDesk

Sept. 7 (BusinessDesk) - The Financial Services Council is urging the government to add sweeteners and raise minimum contributions to KiwiSaver if it's serious about ensuring New Zealanders enjoy a well-funded retirement. More >>

Reserve Bank's Orr laments 'short-termism'; spruiks NZ

Friday, 7 September 2018, 1:54 pm | BusinessDesk

Sept. 7 (BusinessDesk) - Reserve Bank governor Adrian Orr lamented the dominance of short-term thinking in his first public speech since taking over as head of the central bank in March. More >>

NZ dollar falls vs yen as investors seek safe havens

Friday, 7 September 2018, 11:32 am | BusinessDesk

Sept. 7 (BusinessDesk) - The New Zealand dollar fell against the yen as investors flocked to the relative safety of Japan's currency ahead of US President Donald Trump's decision on whether to impose tariffs on another US$200 billion of Chinese imports. More >>

MARKET CLOSE: NZ shares drop as stocks shed dividend rights

Thursday, 6 September 2018, 8:43 pm | BusinessDesk

Sept. 6 (BusinessDesk) - New Zealand shares dropped as many large stocks shed their dividend rights, with Synlait Milk, Heartland Bank and A2 Milk Co leading the index lower. More >>

NZ dollar holds gains on efforts to soothe Brexit pains

Thursday, 6 September 2018, 8:37 pm | BusinessDesk

Sept. 6 (BusinessDesk) - The New Zealand dollar held overnight gains as positive headlines overnight about Brexit negotiations boosted global risk appetite. More >>

Govt sweeteners for KiwiBuild offsite manufacturers

Thursday, 6 September 2018, 8:15 pm | BusinessDesk

Sept. 6 (BusinessDesk) - The government is dangling access to Regional Economic Development Minister Shane Jones's provincial growth fund in an effort to lure firms interested in setting up offsite manufacturing (OSM) factories to back the KiwiBuild construction ... More >>

Allan Gray cuts NZME stake after weak earnings

Thursday, 6 September 2018, 7:18 pm | BusinessDesk

Sept. 6 (BusinessDesk) - Australian investment firm Allan Gray has halved its stake in NZME since the local media group reported underwhelming earnings last month, spurring a 22 percent slide in the share price. More >>

High Court places Forestlands companies into liquidation

Thursday, 6 September 2018, 7:16 pm | BusinessDesk

Sept. 6 (BusinessDesk) - The High Court in Nelson has appointed KordaMentha's Neale Jackson and Grant Graham to liquidate Forestlands companies 2-12 and 14-20. More >>

Vector board rejects Entrust's bid for early special meeting

Thursday, 6 September 2018, 2:23 pm | BusinessDesk

Sept. 6 (BusinessDesk) - Vector's board has decided to put off its annual meeting for a fortnight so it can include a resolution by controlling shareholder Entrust to dump chair Michael Stiassny rather than hold a separate event. More >>

Infratil says Tilt offer 'more than fair'

Thursday, 6 September 2018, 2:21 pm | BusinessDesk

Sept. 6 (BusinessDesk) - Infratil says the $208.5 million takeover offer for Tilt Renewables it's leading is "fair and reasonable" after Tilt's independent directors recommended shareholders reject the deal as being too low. More >>

Steel & Tube raises $17.8M in shortfall bookbuild

Thursday, 6 September 2018, 12:37 pm | BusinessDesk

Sept. 6 (BusinessDesk) - Steel & Tube Holdings sold the leftover shares from a rights issue at a premium to what was a discounted offer, raising another $17.8 million to repay debt. More >>

Macquarie sells 15.6% stake in Oceania Healthcare

Thursday, 6 September 2018, 12:35 pm | BusinessDesk

Sept. 6 (BusinessDesk) - Oceania Healthcare's cornerstone shareholder Macquarie Group sold a 15.6 percent stake in the aged care and retirement village operator for $104.5 million, reducing its holding to 41.7 percent. More >>

News website traffic relies on search engines/social media

Thursday, 6 September 2018, 11:54 am | BusinessDesk

Sept. 6 (BusinessDesk) - New Zealand news organisations depend on search engines and social media - mainly Google and Facebook - for around 53 percent of the total traffic to their websites, according to research by the Auckland University of Technology's ... More >>