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BusinessDesk - Latest News [Page 467]

Contact Energy considers $100 million retail bond offer

Tuesday, 7 February 2017, 4:34 pm | BusinessDesk

Feb. 7 (BusinessDesk) - Contact Energy, which last year said it would focus on reducing debt, is considering a $100 million offer of bonds it plans to list on the NZX debt market. More >>

TeamTalk shares soar as Spark eyes CityLink, Farmside assets

Tuesday, 7 February 2017, 4:12 pm | BusinessDesk

Feb. 7 (BusinessDesk) - TeamTalk shares jumped two-thirds after the ailing minnow network attracted a $22.7 million takeover from Spark New Zealand, which would bundle fibre in Wellington and a wireless rural internet service provider into the country's ... More >>

NZ lamb wool prices slump amid weak demand

Tuesday, 7 February 2017, 3:34 pm | BusinessDesk

Feb. 7 (BusinessDesk) - New Zealand lamb wool, which was trading at a record high last season, has slumped by more than 50 percent at recent auctions amid weak demand during the peak production period. More >>

Kathmandu says first half profit slightly stronger

Tuesday, 7 February 2017, 2:05 pm | BusinessDesk

Feb. 7 (BusinessDesk) - Kathmandu Holdings said first-half profit was slightly higher from a year earlier, partly bolstered by solid same store sales growth. More >>

Lamb flap prices match record high

Tuesday, 7 February 2017, 1:43 pm | BusinessDesk

Feb. 7 (BusinessDesk) - Strong demand from China combined with limited supply has seen the price for the humble lamb flap rise to match its previous record high. More >>

Caniwi adds Olympic star Waddell, hunts provincial property

Tuesday, 7 February 2017, 12:50 pm | BusinessDesk

Feb. 7 (BusinessDesk) - Wellington-based private equity investor Caniwi Capital is on the lookout for regional commercial property opportunities after selling down two major assets in 2016, including quitting a Wellington CBD property just before ... More >>

Spark mounts $22.7 mln takeover of ailing minnow TeamTalk

Tuesday, 7 February 2017, 12:48 pm | BusinessDesk

Feb. 7 (BusinessDesk) - Spark New Zealand says its proposed $22.7 million offer for ailing network minnow TeamTalk, amounting to a 78 percent premium for the shares, would give the country's biggest telecommunications group ownership of fibre in Wellington ... More >>

Cavalier cuts 2017 earnings guidance

Tuesday, 7 February 2017, 12:19 pm | BusinessDesk

Feb. 7 (BusinessDesk) - Cavalier Corp cut its 2017 guidance, and is now projecting no earnings growth, because of difficult trading conditions in Australia and "an increasingly depressed" wool market. More >>

NZ dollar little changed above 73 US cents

Tuesday, 7 February 2017, 12:18 pm | BusinessDesk

Feb. 7 (BusinessDesk) - The New Zealand dollar was little changed above 73 US cents having gained following weak US wage inflation figures and rose against the euro after French National Front Leader Marine Le Pen vowed to her country out of the ... More >>

World Week Ahead: Trump caution sets in

Tuesday, 7 February 2017, 9:02 am | BusinessDesk

Feb. 7 (BusinessDesk) - Equities on both sides of the Atlantic weakened, while US Treasuries and gold rose as investors flocked to the perceived safe-haven assets amid concern about the uncertainty created in the first couple of weeks of US President ... More >>