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BusinessDesk - Latest News [Page 298]

NZX trading activity lifts while new listings fail to emerge

Friday, 5 January 2018, 2:01 pm | BusinessDesk

Jan. 5 (BusinessDesk) - New Zealand share trading continue to surge in December but new equity capital raisings were still missing in action as the NZX struggles to attract new companies to the market. More >>

TIL Logistics owner completes voluntary acquisition

Friday, 5 January 2018, 1:57 pm | BusinessDesk

Jan. 5 (BusinessDesk) - TIL Logistics Group, the New Plymouth-based freight and logistics company, has retained some of the former shareholders of Bethunes Investments after completing a reverse listing transaction. More >>

Australian Ethical Investment lifts stake in Trilogy

Friday, 5 January 2018, 1:56 pm | BusinessDesk

Jan. 5 (BusinessDesk) - Trilogy International has attracted the interest of Australia's largest ethical investment fund which has lifted its stake in the scented candle and natural beauty products maker above 10 percent. More >>

NZ dollar gains as risk sentiment improves

Friday, 5 January 2018, 12:07 pm | BusinessDesk

Jan. 5 (BusinessDesk) - The New Zealand dollar rose to its highest levels in more than two months as improving risk sentiment and rallying stock markets stoked demand for growth-linked currencies. More >>

While you were sleeping: Dow vaults over 25,000

Friday, 5 January 2018, 10:27 am | BusinessDesk

Jan. 5 (BusinessDesk) - Wall Street rose, lifting the Dow above 25,000 points for the first time, as stronger-than-expected US jobs data bolstered sentiment about the pace of growth for the economy and corporate profits. More >>

MARKET CLOSE: NZ shares up, Ryman and Stride gain

Thursday, 4 January 2018, 8:31 pm | BusinessDesk

MARKET CLOSE: NZ shares up, Ryman and Stride gain while Plexure drops on NZX price enquiry More >>

NZ dollar hold below 71 US cents after making small gains

Thursday, 4 January 2018, 8:15 pm | BusinessDesk

Jan. 4 (BusinessDesk) - The New Zealand dollar was slightly higher in Asia after minutes from the latest Federal Reserve policy meeting showed the central bank remained on track to raise interest rates several times this year but uncertainties remain. More >>

Pernod Ricard's Millstream unit turns to loss

Thursday, 4 January 2018, 1:37 pm | BusinessDesk

Jan. 4 (BusinessDesk) - Pernod Ricard’s New Zealand unit turned to a loss in 2017 after it booked a $150 million goodwill impairment. More >>

Fonterra's likelihood of reaching forecast milk payout lifts

Thursday, 4 January 2018, 1:36 pm | BusinessDesk

Jan. 4 (BusinessDesk) - Fonterra Cooperative Group's chances of reaching its forecast farmgate milk price for this season have lifted after whole milk powder prices improved at the latest Global Dairy Trade auction this week, AgriHQ said. More >>

NZ dollar dips after Fed minutes, US data lift greenback

Thursday, 4 January 2018, 12:10 pm | BusinessDesk

Jan. 4 (BusinessDesk) - The New Zealand dollar dipped after minutes of the last Federal Reserve meeting showed policymakers see future rate rises being tied to inflation and fiscal stimulus including tax cuts. More >>

While you were sleeping: Wall St climbs to records

Thursday, 4 January 2018, 10:46 am | BusinessDesk

Jan. 4 (BusinessDesk) - Wall Street ascended to record highs as the latest US manufacturing data underpinned optimism about the economic outlook, while oil prices advanced to the highest level in more than two years. More >>

MARKET CLOSE: NZ shares rise on first trading day of 2018

Wednesday, 3 January 2018, 8:34 pm | BusinessDesk

MARKET CLOSE: NZ shares rise on first trading day of 2018, led by Pushpay, Fletcher More >>

NZ dollar slips in subdued trading after Trump's tweets

Wednesday, 3 January 2018, 8:22 pm | BusinessDesk

Jan. 3 (BusinessDesk) - The New Zealand dollar eased slightly in Asian trading in holiday-thin markets after US President Donald Trump tweeted threats to North Korea. More >>

Auckland Airport considers selling stake in North Queensland

Wednesday, 3 January 2018, 6:37 pm | BusinessDesk

Jan. 3 (BusinessDesk) - Auckland International Airport is still considering its options for its 24.55 percent stake in North Queensland Airport and expects to give an update by next month. More >>

CORRECT: Fonterra lowers NZ milk collection forecast

Wednesday, 3 January 2018, 6:08 pm | BusinessDesk

Jan. 3 (BusinessDesk) - Fonterra Cooperative Group expects to collect 3 percent less milk from its New Zealand suppliers this season than it did in the prior season as dry weather stunts grass growth and lowers milk production. More >>

Methven names Jannine Mountford, ex-AWF and NZRU, as new CFO

Wednesday, 3 January 2018, 12:35 pm | BusinessDesk

Jan. 3 (BusinessDesk) - Tapware designer Methven named Jannine Mountford as chief financial officer and company secretary, saying it was confident the former NZ Rugby and Fletcher Building executive would help drive long-term profitable growth. More >>