BusinessDesk - Latest News [Page 3]

Summerset's 3Q sales up 11.5% on the year

Tuesday, 8 October 2019, 12:07 pm | BusinessDesk

Summerset Group’s third-quarter sales were up 11.5 percent from a year earlier as resales lifted and new sales remained firm. More >>

Should Australian banks list their NZ subsidiaries on NZX?

Tuesday, 8 October 2019, 11:13 am | BusinessDesk

The Australian expert the Reserve Bank engaged to critique its bank capital proposals has suggested that the big four banks could list on NZX as a means of dealing with the regulator's desire to force them to hold more capital. More >>

NZ dollar dips below 63 US cents on US-China trade worries

Tuesday, 8 October 2019, 11:11 am | BusinessDesk

The New Zealand dollar slipped below 63 US cents as investors remained jittery about the outcome of the US-China trade talks this week. More >>

MARKET CLOSE: NZ shares rise in quiet trading

Monday, 7 October 2019, 9:11 pm | BusinessDesk

New Zealand shares rose in quiet trading, led by Fonterra Shareholders' Fund units which hit a four-month high as investors and suppliers take some confidence in the dairy processor's new strategy. More >>

CORRECT: Fletcher sued for $7.5m over Christchurch project

Monday, 7 October 2019, 8:30 pm | BusinessDesk

Fletcher Building is being sued for $7.5 million by utilities contractor Electrix, one of the subcontractors on the Christchurch Justice and Emergency Services Precinct. More >>

NZ dollar above 63 US cents after recovering

Monday, 7 October 2019, 8:13 pm | BusinessDesk

The New Zealand dollar was little changed after a brief plunge earlier today on the news that China wants to limit the scope of trade talks with the United States set to resume later this week. More >>

Fonterra units, shares up 24% since new strategy unveiled

Monday, 7 October 2019, 6:47 pm | BusinessDesk

Farmer-owned Fonterra Cooperative Group shares and units in the Fonterra Shareholders Fund have gained about 24 percent since the beleaguered cooperative unveiled its new strategy at the end of September. More >>

NZSA to oppose NZOG take-out

Monday, 7 October 2019, 6:46 pm | BusinessDesk

Ofer Global Group’s planned buy-out of the minority holders in New Zealand Oil & Gas is “opportunistic” and will be opposed by the New Zealand Shareholders’ Association. More >>

Fletcher sued for $7.5m over Christchurch justice precinct

Monday, 7 October 2019, 4:46 pm | BusinessDesk

Fletcher Building is being sued for $7.5 million by utilities contractor Electrix, one of the subcontractors on the Christchurch Justice and Emergency Services Precinct. More >>

NZSA to oppose $310k Ebos directors' fee increase

Monday, 7 October 2019, 1:24 pm | BusinessDesk

The New Zealand Shareholders' Association is opposing Ebos Group's proposal to increase directors' fees by 28 percent because the company has refused to release advice it received from external consultants on the matter. More >>

NZ dollar holds above 63 US cents after US jobs data

Monday, 7 October 2019, 11:05 am | BusinessDesk

The New Zealand dollar held above 63 US cents after US employment data weighed on the greenback overnight Friday. More >>

MARKET CLOSE: NZ shares rebound; Kathmandu rises

Friday, 4 October 2019, 11:24 pm | BusinessDesk

New Zealand shares rose after two days of decline, amid a volatile international market. Outdoor retailer Kathmandu helped move the market higher. More >>

NZ dollar rises amid poor US economic data

Friday, 4 October 2019, 11:23 pm | BusinessDesk

The New Zealand dollar rose after poor US economic data suggested growth in the world's largest economy is slowing and as traders covered earlier short positions. More >>

Fonterra looking to lift China's importance in new strategy

Friday, 4 October 2019, 3:56 pm | BusinessDesk

Fonterra Cooperative Group is looking to elevate the importance of China, it’s leading market, as part of its new strategy. More >>

Xero's rival Intuit reports fast subscriber growth in UK

Friday, 4 October 2019, 3:55 pm | BusinessDesk

Accounting software firm Intuit's latest numbers suggest it may have overtaken arch-rival Xero in Britain and that it is growing fast in countries Xero has yet to target. More >>

RCEP deal by November still achievable - O'Connor

Friday, 4 October 2019, 1:22 pm | BusinessDesk

New Zealand’s minister of state for trade and export growth heads to Bangkok next week for an additional round of talks on the Regional Comprehensive Economic Partnership and said a deal by November is still achievable. More >>

Most of govt's $300m VC funds "going to foreigners"

Friday, 4 October 2019, 12:17 pm | BusinessDesk

The founder of one of New Zealand's most successful venture capital firms believes his firm won't qualify for funding from the government's $300 million Venture Capital Fund and that most of the money is likely to go to overseas firms. More >>

Court of Appeal judgment further opens class action gates

Friday, 4 October 2019, 11:29 am | BusinessDesk

The Court of Appeal's landmark Southern Response may not unleash an avalanche of class action lawsuits, but that shouldn't diminish the significance of the decision handed down last month. More >>

NZ dollar rises on weak US services data

Friday, 4 October 2019, 11:20 am | BusinessDesk

The New Zealand dollar firmed on further signs of weakness in the US economy. More >>

MARKET CLOSE: NZ shares fall on growth fears, trade war

Thursday, 3 October 2019, 9:08 pm | BusinessDesk

New Zealand shares continued to decline in the wake of data suggesting the US economy is slowing and after the US threatened to open another front in its trade war, this time with Europe. More >>

   

 

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