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BusinessDesk - Latest News [Page 389]
UK's Skipton Building Society buys out Jade Software
Monday, 10 July 2017, 9:13 pm | BusinessDesk
July 10 (BusinessDesk) - UK non-bank lender Skipton Building Society has bought out minority shareholders in Jade Software as the Christchurch-based tech company targets an early return to profit. More >>
MARKET CLOSE: NZ shares fall; Fletcher drops
Monday, 10 July 2017, 8:36 pm | BusinessDesk
July 10 (BusinessDesk) - New Zealand shares dropped, led by Fletcher Building and Auckland International Airport down while Air New Zealand reached a 16-year high. More >>
NZ dollar gains vs yen
Monday, 10 July 2017, 8:24 pm | BusinessDesk
July 10 (BusinessDesk) - The New Zealand dollar rose against a broadly weaker yen after the Bank of Japan affirmed its commitment to its massive stimulus programme, highlighting the contrast to the US Federal Reserve intent on making its third interest ... More >>
Cooperative Bank CFO Gareth Fleming to end a decade
Monday, 10 July 2017, 8:02 pm | BusinessDesk
Cooperative Bank CFO Gareth Fleming to end a decade with the lender later this month More >>
Asahi's Better Drinks Co takes $3.7M impairment against bran
Monday, 10 July 2017, 8:01 pm | BusinessDesk
Asahi's Better Drinks Co takes $3.7M impairment against brands, narrows full-year loss By Jonathan Underhill More >>
NZ lamb exports fall in May as Chinese demand dwindles
Monday, 10 July 2017, 7:59 pm | BusinessDesk
July 10 (BusinessDesk) - Strong volumes of New Zealand lamb exported through April did not flow into May after Chinese buyers stockpiled inventory earlier in the year, according to AgriHQ. More >>
AG looks at Govt procurement processes after Fuji Xerox
Monday, 10 July 2017, 6:32 pm | BusinessDesk
July 10 (BusinessDesk) - The Auditor-General is considering bringing forward a review of government procurement after financial irregularities at Fuji Xerox, which has an all-of-government contract. More >>
CBL buys 40% stake in Irish professional insurer Allied Risk
Monday, 10 July 2017, 4:48 pm | BusinessDesk
July 10 (BusinessDesk) - CBL Corp has continued its acquisition spree of recent years with the purchase of a 40 percent stake in Allied Risk Holdings for 1.38 million euros, and will use the Irish professional insurer's senior management to populate ... More >>
Ticketmaster NZ profit climbs 59%
Monday, 10 July 2017, 4:31 pm | BusinessDesk
July 10 (BusinessDesk) - Ticketmaster New Zealand's annual profit rose 59 percent in 2016 as the booking agency benefited from increased revenues generated by the 12,000-seat Vector Arena, now renamed Spark Arena. More >>
Bethunes moving ahead with NZ Retail Property Group listing
Monday, 10 July 2017, 1:21 pm | BusinessDesk
July 10 (BusinessDesk) - Bethunes Investments says a planned reverse listing with Westgate Power Centre-subsidiary NZ Retail Property Group is a step closer and binding papers are expected to be entered next week. More >>
Kiwi online retailer Etailer buys Books & Gifts Direct
Monday, 10 July 2017, 1:14 pm | BusinessDesk
Kiwi online retailer Etailer buys Books & Gifts Direct from Britain's Quarto Group By Paul McBeth More >>
Developer donates $50M for new children's hospital
Monday, 10 July 2017, 1:12 pm | BusinessDesk
July 10 (BusinessDesk) - Wellington property developer Mark Dunajtschik has donated $50 million to build a new children's hospital in Wellington. More >>
Augusta Capital finalises sale of Augusta House
Monday, 10 July 2017, 12:30 pm | BusinessDesk
July 10 (BusinessDesk) - Augusta Capital has sold one of its properties for $30 million, which it says will be used to pay down debt and fund future acquisitions. More >>
NZ dollar falls vs Canadian dollar
Monday, 10 July 2017, 12:13 pm | BusinessDesk
July 10 (BusinessDesk) - The New Zealand dollar fell to its lowest level in almost two months against the Canadian dollar after figures showed the Canadian economy added more than four times more jobs than expected in June, stoking talk of a rate ... More >>
World Week Ahead: Yellen’s semi-annual testimony
Monday, 10 July 2017, 11:21 am | BusinessDesk
July 10 (BusinessDesk) - US Federal Reserve chair Janet Yellen’s semiannual monetary policy testimony to Congress will form a key focus in a week that will also offer reports on the consumer price index and retail sales. More >>
MARKET CLOSE: NZ shares down, Xero and Steel & Tube drop
Friday, 7 July 2017, 8:32 pm | BusinessDesk
July 7 (BusinessDesk) - New Zealand shares edged down in relatively light trading, led by Xero and as Steel & Tube Holdings dropped on a profit warning. ERoad shares gained 10 percent. More >>
NZ dollar heads for 0.7% weekly drop
Friday, 7 July 2017, 8:22 pm | BusinessDesk
NZ dollar heads for 0.7% weekly drop ahead of US jobs report, G-20 meeting More >>
Flagship Māori Party land reform bill left to voters' mercy
Friday, 7 July 2017, 6:35 pm | BusinessDesk
July 7 (BusinessDesk) - The Māori Party has abandoned its attempt to pass sweeping reforms to the law covering collectively owned Māori land before the Sept. 23 election, saying the issue can't be rushed, despite almost two decades of consultation on the ... More >>
Vector to return $13.9M to Auckland consumers
Friday, 7 July 2017, 6:33 pm | BusinessDesk
July 7 (BusinessDesk) - Vector will return $13.9 million to Auckland electricity customers after a change to the way it set two tariffs in 2013 saw it breach its regulated revenue cap in the following two years. More >>
Michael Hill full-year sales rise 6% on new store openings
Friday, 7 July 2017, 6:31 pm | BusinessDesk
July 7 (BusinessDesk) - Michael Hill International reported a 6 percent gain in full-year sales, reflecting a net increase in new stores. Canada was the jewellery retailer's stand-out market in the latest year. More >>
