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BusinessDesk - Latest News [Page 295]

MPI aims to wrap up PGP review by end of April

Monday, 15 January 2018, 3:15 pm | BusinessDesk

Jan. 15 (BusinessDesk) - The government's review of the Primary Growth Partnership is underway, with the first phase due to be wrapped up by late January and the second by the end of April, with one programme partner providing feedback and ideas to date. More >>

NZ food prices slip in December as fruit, veges in season

Monday, 15 January 2018, 3:05 pm | BusinessDesk

Jan. 15 (BusinessDesk) - New Zealand food prices eased on the month in December as fresh produce came into season but were still higher on the year as dairy, fruit and vegetable prices continued to pressure people's wallets. More >>

Xero exec Sankar Narayan sells A$883k of shares to meet tax

Monday, 15 January 2018, 3:02 pm | BusinessDesk

Jan. 15 (BusinessDesk) - Xero chief financial and operating officer Sankar Narayan sold A$883,482 of stock to meet a personal tax bill accruing from the share component of his pay packet. More >>

NZ dollar holds near 72.50 US cts

Monday, 15 January 2018, 11:29 am | BusinessDesk

NZ dollar holds near 72.50 US cts as Germany's Merkel moves closer to forming govt More >>

World Week Ahead: Goldman, Bank of America results up next

Monday, 15 January 2018, 11:06 am | BusinessDesk

Jan 15 (BusinessDesk) - Investors will be looking for the latest US corporate earnings including from Goldman Sachs and Bank of America to confirm the continuing rise in stock valuations and check chatter of the need for a correction. More >>

MARKET CLOSE: NZ shares down, F&P Health and Pushpay drop

Friday, 12 January 2018, 8:36 pm | BusinessDesk

Jan. 12 (BusinessDesk) - New Zealand shares dipped, led lower by Fisher & Paykel Healthcare and Pushpay Holdings, albeit in light volume as market participants return slowly. More >>

NZ dollar heads for 1.2% weekly gain as greenback hit

Friday, 12 January 2018, 8:26 pm | BusinessDesk

Jan. 12 (BusinessDesk) - The New Zealand dollar is heading for a 1.2 percent weekly, pushing higher against a slumping greenback after minutes from the European Central Bank's December meeting boosted investor expectations it is planning to end its massive ... More >>

ANZ Bank deal to sell UDC Finance to HNA not proceeding

Friday, 12 January 2018, 6:21 pm | BusinessDesk

Jan. 12 (BusinessDesk) - ANZ Bank New Zealand said an agreement to sell UDC Finance to Chinese conglomerate HNA Group for $660 million has terminated after the application was declined by the Overseas Investment Office in December. More >>

SFO looking at Waitangi Trust financial irregularities

Friday, 12 January 2018, 6:19 pm | BusinessDesk

Jan. 12 (BusinessDesk) - The Serious Fraud Office is investigating the Waitangi National Trust after the discovery of "financial irregularities" at the Waitangi Treaty Grounds administrator. More >>

Michael Hill lifts 1H sales

Friday, 12 January 2018, 4:31 pm | BusinessDesk

Jan. 12 (BusinessDesk) - Michael Hill International, the jewellery retailer founded by its namesake, lifted revenue 4.7 percent in the first half, though its US business continued to struggle. More >>

NZONE owner Experience Co suspends Queenstown operations

Friday, 12 January 2018, 4:28 pm | BusinessDesk

Jan. 12 (BusinessDesk) - Australian adventure tourism operator Experience Co shares fell 9.4 percent after suspending its Queenstown operations after the Wednesday skydiving incident left a US man missing and presumed drowned. More >>

Rubicon shareholders give green light for sale of Tenon

Friday, 12 January 2018, 4:26 pm | BusinessDesk

Jan. 12 (BusinessDesk) - Shareholders have voted in favour of Rubicon's proposal to sell a 45 percent stake in Tenon Clearwood Partnership, a large clearwood sawmill and manufacturing operation in Taupo. More >>

Body massages and Uber are in, DVDs are out, says Stats NZ

Friday, 12 January 2018, 3:24 pm | BusinessDesk

Jan. 12 (BusinessDesk) - Statistics New Zealand has rejigged the consumers price index basket in its latest three-year review, adding body massages, Airbnb and Uber and removing DVD and Blu-Ray players. More >>

NZ residential building permits jump in November

Friday, 12 January 2018, 2:42 pm | BusinessDesk

NZ residential building permits jump in November as apartments make up for shrinking house consents More >>

Mycoplasma bovis testing to be extended nationwide from Feb

Friday, 12 January 2018, 2:35 pm | BusinessDesk

Jan. 12 (BusinessDesk) - The Ministry for Primary Industries (MPI) and its dairy industry partners will extend the Mycoplasma bovis milk testing underway in Canterbury, Otago and Southland into a national milk surveillance programme from February. More >>