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BusinessDesk - Latest News [Page 177]

Sistema millionaire Brendan Lindsay lifts stake in Methven

Wednesday, 5 September 2018, 5:15 pm | BusinessDesk

Sept. 5 (BusinessDesk) - Kapiti lad made good Brendan Lindsay, who sold his plastics container business Sistema for $660 million in 2016, has lifted his stake in listed tapware maker company Methven to just shy of 20 percent. More >>

Falling kiwi insulates exporters in August

Wednesday, 5 September 2018, 4:33 pm | BusinessDesk

Falling kiwi insulates exporters in August, pushing up local currency commodity prices By Paul McBeth More >>

Zespri forecasts jump in annual profit

Wednesday, 5 September 2018, 4:13 pm | BusinessDesk

Sept. 5 (BusinessDesk) - Zespri Group, the country's kiwifruit export marketing body, expects profit to surge higher in the coming year as it grows volumes and seeks to maintain values in "challenging" markets with higher volumes of low-priced fruit. More >>

New Smiths City chair pulls no punches at AGM

Wednesday, 5 September 2018, 4:11 pm | BusinessDesk

Sept. 5 (BusinessDesk) - Chronic underinvestment, a lack of understanding of what customers want, and seriously deficient IT systems were just some of the criticisms laid by incoming Smiths City chair Alastair Kerr on his predecessors at the company’s ... More >>

Govt's wellbeing focus a work in progress, says Robertson

Wednesday, 5 September 2018, 3:34 pm | BusinessDesk

Sept. 5 (BusinessDesk) - The future of work, climate change and inequality are the "defining economic and social issues" for the Labour-led government, Finance Minister Grant Robertson told a three-day international conference on wellbeing economics, ... More >>

Building activity falls short of expectations

Wednesday, 5 September 2018, 3:16 pm | BusinessDesk

Sept. 5 (BusinessDesk) - The volume of total building work in the June quarter fell short of expectations and a series of constraints hitting the construction sector may mean future increases are gradual. More >>

Local earnings defy gloomy businesses

Wednesday, 5 September 2018, 2:41 pm | BusinessDesk

Sept. 5 (BusinessDesk) - The latest round of New Zealand corporate earnings largely delivered as expected, with most companies reporting sales and profits within analysts' predictions. More >>

RESEND: Steel & Tube raises $42.3M

Wednesday, 5 September 2018, 1:52 pm | BusinessDesk

Sept. 5 (BusinessDesk) - Steel & Tube Holdings says 71 percent of its deeply discounted 1-for-1.9 pro rata rights offer was taken up by shareholders and the stock has been halted for a shortfall bookbuild to raise another $17.8 million. More >>

Steel & Tube raises $42.3M in discounted retail rights offer

Wednesday, 5 September 2018, 1:49 pm | BusinessDesk

Sept. 5 (BusinessDesk) - Steel & Tube Holdings says 71 percent of its deeply discounted 1-for-1.9 pro rata rights offer was taken up by shareholders and the stock has been halt for a shortfall bookbuild to raise another $17.8 million. More >>

Auckland housing market rears its head

Wednesday, 5 September 2018, 1:47 pm | BusinessDesk

Auckland housing market rears its head as sale prices, new listings pick up in August More >>

Oceania Healthcare shareholder selling 15.6% stake

Wednesday, 5 September 2018, 12:37 pm | BusinessDesk

Sept. 5 (BusinessDesk) - Oceania Healthcare's cornerstone shareholder Macquarie Group is selling down some of its shares for $102.6 million after restrictions on their sale were lifted in July. More >>

NZX shifts more trading on-market in August in busier market

Wednesday, 5 September 2018, 12:35 pm | BusinessDesk

Sept. 5 (BusinessDesk) - NZX continued to shift more trading through official channels, known as on-market transactions, in an increasing number of smaller value deals in August. More >>

Natural gas key to low-carbon transition

Wednesday, 5 September 2018, 12:30 pm | BusinessDesk

Sept. 5 (BusinessDesk) - New Zealand has plenty of natural gas and will need to use it to keep its transition to a lower-carbon economy affordable for homes and industry, First Gas chief executive Paul Goodeve says. More >>

Z Energy investment in Flick Electric 'unconvincing'

Wednesday, 5 September 2018, 11:53 am | BusinessDesk

Sept. 5 (BusinessDesk) - Z Energy appears to have paid a full price for its 70.1 percent stake in start-up power retailer Flick Electric without a clear path to making "a return on its (substantial) investment that will be material to its business," ... More >>