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BusinessDesk - Latest News [Page 198]

Non-kiwis buy 2.8% of homes in 2Q

Friday, 27 July 2018, 2:21 pm | BusinessDesk

July 27 (BusinessDesk) - The number of New Zealand home transfers to foreign buyers eased slightly in the second quarter, based on new data that tracks ownership changes from Statistics New Zealand. More >>

Consumer confidence falls further in July

Friday, 27 July 2018, 1:12 pm | BusinessDesk

July 27 (BusinessDesk) - Consumer confidence dropped further in July, falling back to long-run averages. More >>

Fonterra chair John Wilson replaced by John Monaghan

Friday, 27 July 2018, 12:16 pm | BusinessDesk

July 27 (BusinessDesk) - Fonterra Cooperative chair John Wilson has stood down from the role heading the country's largest dairy processor with immediate effect as he recovers from a "serious health scare". More >>

NZX sells Australian grain data business

Friday, 27 July 2018, 12:14 pm | BusinessDesk

July 27 (BusinessDesk) - NZX has sold its Australian grain data business to Rural Bank for an undisclosed figure, and will close its Melbourne office. More >>

NZ dollar loses ground, weighed by stronger greenback

Friday, 27 July 2018, 12:03 pm | BusinessDesk

July 27 (BusinessDesk) - The New Zealand dollar lost ground against the US dollar, which benefited from euro weakness after the European Central Bank left interest rates unchanged. More >>

MARKET CLOSE: NZ shares dip on Facebook woes

Thursday, 26 July 2018, 8:46 pm | BusinessDesk

July 26 (BusinessDesk) - New Zealand shares edged lower as a weak earnings result from Facebook cast a pall over global equity markets while investors prepare for the local earnings season. Property For Industry and Heartland Bank declined, while ... More >>

NZ dollar gains on improving US-EU trade relations

Thursday, 26 July 2018, 8:17 pm | BusinessDesk

July 26 (BusinessDesk) - The New Zealand dollar held overnight gains against the greenback, buoyed by news the US and European Union agreed to work toward zero tariffs, easing fears of a global trade war. More >>

Oceania Healthcare CEO expects Macquarie to start selling

Thursday, 26 July 2018, 7:00 pm | BusinessDesk

July 26 (BusinessDesk) - Oceania Healthcare chief executive Earl Gasparish expects Macquarie Group to start gradually selling its majority stake now an escrow period is ending. More >>

Morningstar says too early to re-rate Sky shares

Thursday, 26 July 2018, 6:58 pm | BusinessDesk

July 26 (BusinessDesk) - Sky Network Television shares have climbed 27 percent from a trough in March, but it's too early to say they're ready for a re-rating with the threat of cheaper and larger online rivals a clear and present threat, according ... More >>

Rangatira-controlled Hellers buys Australia's Moira Mac

Thursday, 26 July 2018, 6:56 pm | BusinessDesk

July 26 (BusinessDesk) - Sausage-maker Hellers has continued its foray across the Tasman buying Victoria's Moira Mac Poultry for an undisclosed sum and adding A$40 million of revenue to its income stream. More >>

NZ Super Fund unfazed by Bloom Energy's IPO pricing

Thursday, 26 July 2018, 3:13 pm | BusinessDesk

July 26 (BusinessDesk) - The New Zealand Superannuation Fund isn't concerned that US fuel cell maker Bloom Energy is trading below what the Kiwi pension fund paid for its 2.4 percent stake, saying it's a long-term investor. More >>

Trump's trade war weighs on outlook for NZ dairy market

Thursday, 26 July 2018, 3:01 pm | BusinessDesk

July 26 (BusinessDesk) - As New Zealand kicks off a new dairy season, a leading dairy brokerage is feeling bearish about the outlook as concerns mount about the impact of US President Donald Trump’s trade war, resulting in tit-for-tat tariffs that ... More >>

NZ beneficiaries hit hardest by rising rents, petrol prices

Thursday, 26 July 2018, 2:53 pm | BusinessDesk

July 26 (BusinessDesk) - Rising rents, high power bills and more expensive petrol fell most heavily on New Zealand's beneficiaries in the June quarter, with those receiving government support facing the fastest inflation in the period. More >>

Ballance Agri-Nutrients keeps farmer rebate at $45/tonne

Thursday, 26 July 2018, 2:34 pm | BusinessDesk

July 26 (BusinessDesk) - Ballance Agri-Nutrients will pay an unchanged farmer rebate of $45 per tonne after the fertiliser company's annual gross trading result - a measure of profit including operating costs - lifted 25 percent. More >>

Oceania Healthcare annual profit climbs 72%

Thursday, 26 July 2018, 12:58 pm | BusinessDesk

July 26 (BusinessDesk) - Oceania Healthcare'a annual profit climbed 72 percent, largely on property revaluation gains, and the aged care operator plans to accelerate new developments as it benefits from strong resale margins and new retirement village ... More >>

Dollar gains as efforts to cool trade war weigh on greenback

Thursday, 26 July 2018, 11:37 am | BusinessDesk

July 26 (BusinessDesk) - The New Zealand dollar gained as attempts to soothe growing trade between the US and Europe allayed concerns about the spreading trade war, weighing on the greenback and bolstering investors' appetite for riskier assets. More >>