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BusinessDesk - Latest News [Page 304]

T&G Global boss Alastair Hulbert resigns

Friday, 15 December 2017, 7:55 pm | BusinessDesk

Dec. 15 (BusinessDesk) - T&G Global chief executive Alastair Hulbert has resigned, effective today, after four years in charge of the fruit marketer. More >>

NZ's GDP growth probably slowed in 3rd qtr

Friday, 15 December 2017, 7:54 pm | BusinessDesk

NZ's GDP growth probably slowed in 3rd qtr as dairy decline offset buoyant construction More >>

The Merino Company turns to an annual loss

Friday, 15 December 2017, 7:51 pm | BusinessDesk

Dec. 15 (BusinessDesk) - The Merino Company turned to a loss last financial year after undergoing a major restructuring that saw it exit textile manufacturing in New Zealand to focus on growing its innovative wool spinning and colour technology ... More >>

O'Connor orders review of not naming Mycoplasma Bovis farms

Friday, 15 December 2017, 7:49 pm | BusinessDesk

Dec. 15 (BusinessDesk) - Agriculture Minister Damien O'Connor has asked officials to review the policy of not naming the farms where Mycoplasma Bovis is detected and said keeping accurate records of stock movement is vital to halting the spread of ... More >>

Stevenson Group to look at construction materials unit sale

Friday, 15 December 2017, 4:45 pm | BusinessDesk

Dec. 15 (BusinessDesk) - Stevenson Group will test buyer appetite for its concrete business next year in a market the managing director Mark Franklin doesn't see abating any time soon. More >>

Pemba Capital walks away from $40.4 mln Smartpay takeover

Friday, 15 December 2017, 4:10 pm | BusinessDesk

Dec. 15 (BusinessDesk) - Australian investment firm Pemba Capital Partners won't go ahead with plans to buy payment terminal provider Smartpay Holdings for $40.4 million after wrapping up due diligence. More >>

CBA's Vittoria Shortt to take up ASB reins in February

Friday, 15 December 2017, 4:06 pm | BusinessDesk

Dec. 15 (BusinessDesk) - Commonwealth Bank of Australia group marketing and strategy executive Vittoria Shortt will take charge of the lender's New Zealand subsidiary ASB Bank in February. More >>

NZ manufacturing activity lifts in November

Friday, 15 December 2017, 2:35 pm | BusinessDesk

Dec. 15 (BusinessDesk) - New Zealand's manufacturing activity lifted in November, reversing October's post-election slide and pointing to solid economic growth in the sector. More >>

Cheaper to cut emissions than deal with climate change

Friday, 15 December 2017, 2:34 pm | BusinessDesk

Dec. 15 (BusinessDesk) - The cost of climate change to New Zealand is still unknown, but a group of experts tasked with plugging the country's information gaps says it will likely be significant and it would be cheaper to cut greenhouse emissions than ... More >>

China's CITIC Capital offers $211 million for Trilogy

Friday, 15 December 2017, 1:07 pm | BusinessDesk

Dec. 15 (BusinessDesk) - Chinese investment manager CITIC Capital Partners, which oversees US$4.7 billion of assets, has offered $211 million to buy NZX-listed Trilogy International at a 28 percent premium. More >>

NZ dollar gains vs euro as Draghi reiterates stimulus pledge

Friday, 15 December 2017, 12:10 pm | BusinessDesk

Dec. 15 (BusinessDesk) - The New Zealand dollar rose against the euro after European Central Bank president Mario Draghi reiterated his commitment to providing monetary stimulus in the eurozone, even while the bank lifted its growth and inflation forecasts. More >>

While you were sleeping: Walt Disney, Fox shares climb

Friday, 15 December 2017, 11:21 am | BusinessDesk

Dec. 15 (BusinessDesk) - Wall Street inched lower as investors eyed the final negotiations on the Republican tax bill. More >>

MARKET CLOSE: NZ shares up, Scales and A2 rise

Thursday, 14 December 2017, 8:31 pm | BusinessDesk

Dec. 14 (BusinessDesk) - New Zealand shares gained, led by Scales Corp and A2 Milk Co, while Sky Network Television dropped again. More >>

NZ dollars falls vs Aussie on strong Australian jobs

Thursday, 14 December 2017, 8:29 pm | BusinessDesk

Dec. 14 (BusinessDesk) - The New Zealand dollar fell against its Australian counterpart after jobs figures across the Tasman beat expectations, but held near a two-month high against a weaker greenback after the Federal Reserve continued to signal muted ... More >>

Rubicon deal to sell Clearwood stake within valuation

Thursday, 14 December 2017, 8:00 pm | BusinessDesk

Dec. 14 (BusinessDesk) - Rubicon's proposal to sell a 45 percent stake in local Clearwood manufacturing business falls within the independent adviser's valuation range. More >>

Robertson wants well-being measures in place for 2019 budget

Thursday, 14 December 2017, 6:30 pm | BusinessDesk

Dec. 14 (BusinessDesk) - Finance Minister Grant Robertson wants to go beyond mere dollars and cents to measure the government's success in the 2019 budget, tasking the Treasury to develop a world-first framework. More >>

Alliance distributes $11.4 mln to farmer, looks abroad

Thursday, 14 December 2017, 5:47 pm | BusinessDesk

Dec. 14 (BusinessDesk) - Alliance Group, the world's biggest sheepmeat exporter, will pay $11.4 million to its farmer shareholders this week, after a year where it doubled annual earnings as sales rose 15 percent with a recovery in global meat prices. More >>