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BusinessDesk - Latest News [Page 322]

Living Cell Technologies to hold board strategy meeting

Wednesday, 15 November 2017, 7:30 pm | BusinessDesk

Nov. 15 (BusinessDesk) - Living Cell Technologies will continue to evaluate data from its recent clinical trial before holding a board strategy meeting in December, chief executive Ken Taylor told shareholders at the annual general meeting. More >>

Infratil somewhat bruised by dealings with regulators

Wednesday, 15 November 2017, 7:28 pm | BusinessDesk

Nov. 15 (BusinessDesk) - Infratil has reeled off a list of what it calls "unhelpful regulatory interactions" this year that have left the publicly listed infrastructure investor wary of both lawmakers and regulators. More >>

UPDATE: Mainfreight shares fall to 4-month low

Wednesday, 15 November 2017, 7:27 pm | BusinessDesk

UPDATE: Mainfreight shares fall to 4-month low on first-half results, still seen 'fully priced' More >>

Tower seeks to leave rivals in the dust

Wednesday, 15 November 2017, 7:25 pm | BusinessDesk

Nov. 15 (BusinessDesk) - Tower says it aims to leave its larger rivals with 'clunky legacy systems' in its wake by transforming into a "digital challenger" offering customers more tailored products that draw on deeper pools of information. More >>

RBNZ lifts Westpac NZ's regulatory capital requirements

Wednesday, 15 November 2017, 5:27 pm | BusinessDesk

Nov. 15 (BusinessDesk) - The Reserve Bank has lifted Westpac New Zealand's minimum regulatory capital requirements after it failed to comply with obligations relating to its status as an internal models bank. More >>

Rabo NZ chief Daryl Johnson resigns

Wednesday, 15 November 2017, 3:25 pm | BusinessDesk

Nov. 15 (BusinessDesk) - Rabobank New Zealand chief executive Daryl Johnson has resigned, less than two years after taking over the reins of the rural lending specialist. More >>

NZ house sale slump eases in October, drop in turnover slows

Wednesday, 15 November 2017, 1:12 pm | BusinessDesk

Nov. 15 (BusinessDesk) - New Zealand's housing market perked up last month as sales volumes fell at a slower pace, having slumped in the lead-up to the September general election. More >>

NZ financial risks have stabilised - S&P

Wednesday, 15 November 2017, 1:09 pm | BusinessDesk

Nov. 15 (BusinessDesk) - The risks facing New Zealand's financial system have stabilised as house price inflation and credit growth slow due to tighter macroprudential tools implemented by the Reserve Bank and higher lending rates, Standard & Poor’s ... More >>

Foley Family Wines buys Mt Difficulty for $55 million

Wednesday, 15 November 2017, 12:36 pm | BusinessDesk

Nov. 15 (BusinessDesk) - Foley Family Wines, which is controlled by US businessman Bill Foley, has bought Mt Difficulty Wines for about $55 million, subject to Overseas Investment Office approval. More >>

Mainfreight disappointed with mixed results

Wednesday, 15 November 2017, 12:32 pm | BusinessDesk

Nov. 15 (BusinessDesk) - Mainfreight, the transport and logistics group, posted a 1.1 percent gain in first-half profit as strong trading in Australia and improving results in Europe were offset by weaker results in the Americas and Asia. The company ... More >>

Abano says first-half profit may fall

Wednesday, 15 November 2017, 12:31 pm | BusinessDesk

Nov. 15 (BusinessDesk) - Abano Healthcare Group says first-half profit may fall because recent dental clinic acquisitions across the Tasman won't deliver immediate gains and the relocation of its biggest Lumino practice attracted some costs. More >>

NZ dollar falls vs euro, nearing two-year low

Wednesday, 15 November 2017, 11:43 am | BusinessDesk

Nov. 15 (BusinessDesk) - The New Zealand dollar fell versus the euro, closing in on the two-year low it reached last month, after stronger-than-expected growth in Germany, the regional bloc's biggest economy, drove up its currency. More >>

While you were sleeping: GE leads Wall St drop

Wednesday, 15 November 2017, 10:41 am | BusinessDesk

Nov. 15 (BusinessDesk) - Wall Street declined, as shares of General Electric sank for a second day and energy stocks slid with oil prices. More >>

NZ dollar falls vs Aussie

Tuesday, 14 November 2017, 8:33 pm | BusinessDesk

Nov. 14 (BusinessDesk) - The New Zealand dollar fell versus the Aussie after a bank survey showed Australian business conditions jumped to a record high last month and amid talk that a $2.2 billion option on the cross rate is set to expire this week. More >>