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BusinessDesk - Latest News [Page 477]

NZ firms stay upbeat in Dec on building boom, rural recovery

Tuesday, 17 January 2017, 1:13 pm | BusinessDesk

Jan. 17 (BusinessDesk) - New Zealand businesses stayed relatively upbeat about the state of the economy in the final three months of 2016, as the nation's building boom continued to soak up resources and the recovery in global dairy prices lifted ... More >>

NZ dollar little changed near 2-month high vs pound

Tuesday, 17 January 2017, 11:50 am | BusinessDesk

Jan. 17 (BusinessDesk) - The New Zealand dollar was little changed near a two-month high against the British pound, with trading restrained by the Martin Luther King Jr holiday in the US, ahead of a Brexit speech by UK Prime Minister Theresa May and ... More >>

Veritas gets extension on Nosh sale deadline

Tuesday, 17 January 2017, 8:38 am | BusinessDesk

Jan. 16 (BusinessDesk) - ANZ Bank New Zealand has agreed to extend the deadline for Veritas Investments to either sell or begin winding up its Nosh food supermarkets until the end of the month. More >>

NZ dollar falls as yen strengthens ahead of inauguration

Tuesday, 17 January 2017, 8:37 am | BusinessDesk

Jan. 16 (BusinessDesk) - The New Zealand dollar fell against the yen, which has broadly strengthened ahead of Donald Trump's inauguration on Friday, and gained against the pound on renewed Brexit concerns. More >>

South African visitor numbers rise in month of visa changes

Tuesday, 17 January 2017, 8:34 am | BusinessDesk

Jan. 16 (BusinessDesk) - The number of visitors from South Africa in November last year rose by more than a quarter, despite the ending of the visa waiver agreement between the two countries. More >>

Silver Fern Farms sinks to $30.6 million loss

Tuesday, 17 January 2017, 8:32 am | BusinessDesk

Jan. 16 (BusinessDesk) - Silver Fern Farms, the meat processor in which a controlling stake was sold to China's Shanghai Maling for $267 million at the end of last year, has plunged to a $30.6 million loss as earnings collapsed in what it has described ... More >>

MARKET CLOSE: NZ shares gain, led by A2, Infratil, Contact

Tuesday, 17 January 2017, 8:26 am | BusinessDesk

Jan. 16 (BusinessDesk) - New Zealand shares rose, with A2 Milk Co and high-yielding stocks such as Contact Energy and Genesis Energy gaining, with market activity still quiet ahead of February's reporting season. More >>

While you were sleeping: Brexit weighs on pound

Tuesday, 17 January 2017, 7:55 am | BusinessDesk

Jan. 17 (BusinessDesk) - European equities slid, with the UK’s FTSE 100 Index breaking a record streak, and the British pound weakened amid fresh concerns about the UK’s departure from the European Union. More >>

Bendon deal would provide lifeline for Naked Brand

Monday, 16 January 2017, 4:08 pm | BusinessDesk

Jan. 16 (BusinessDesk) - NBR rich lister Eric Watson's plan to merge his lingerie maker Bendon with New York-headquartered Naked Brand would provide a lifeline for the unprofitable company, which is on notice to maintain stockholder equity or risk ... More >>

NZ lamb returns may be dented as kiwi rises

Monday, 16 January 2017, 3:03 pm | BusinessDesk

Jan. 16 (BusinessDesk) - Returns from New Zealand's lamb exports may be restrained by the kiwi's strength against the British pound, which is heading back to its highest levels in at least four decades. More >>

Downer NZ boss Bruyn departs to head up Fulton Hogan

Monday, 16 January 2017, 2:32 pm | BusinessDesk

Jan. 16 (BusinessDesk) - Downer EDI's New Zealand boss Cos Broyn will leave the Australian infrastructure and mining firm to take over the reins at privately held construction firm Fulton Hogan. More >>

NZ food prices dip in December

Monday, 16 January 2017, 2:30 pm | BusinessDesk

Jan. 16 (BusinessDesk) - New Zealand food prices fell in December, with vegetables, meat and dairy cheaper, although fruit became more expensive in the first official month of summer. More >>

UPDATE: Hellaby directors change tune

Monday, 16 January 2017, 1:51 pm | BusinessDesk

Jan. 16 (BusinessDesk) - The independent directors of Hellaby Holdings now support a takeover bid by ASX-listed auto parts firm Bapcor after the offer was declared unconditional. More >>

McCaw wedding coverage touted with hefty copyright warning

Monday, 16 January 2017, 1:25 pm | BusinessDesk

Jan. 16 (BusinessDesk) - Woman's Day publisher Bauer Media spent as much space warning rival publishers from overstepping copyright bounds as it did hustling free publicity for its exclusive coverage of former All Black captain Richie McCaw's wedding with ... More >>