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BusinessDesk - Latest News [Page 494]
MARKET CLOSE: NZ shares drop, Sky TV and Steel & Tube fall
Monday, 5 December 2016, 10:00 pm | BusinessDesk
Dec. 5 (BusinessDesk) - New Zealand shares declined, dragged lower by Ryman Healthcare, Sky TV and Steel & Tube Holdings, while Hellaby Holdings gained after a lift in its takeover offer from Bapcor. More >>
Andrew Little warns Key's replacement Labour 'ready to go'
Monday, 5 December 2016, 9:58 pm | BusinessDesk
Dec. 5 (BusinessDesk) - Opposition leader Andrew Little has praised John Key's contribution to the government of New Zealand, but warned his successor that Labour is "ready to go" whoever is appointed. More >>
Trade Me sells Travelbug, Bookit for undisclosed sum
Monday, 5 December 2016, 9:56 pm | BusinessDesk
Dec. 5 (BusinessDesk) - Trade Me Group has sold its accommodation website Travelbug and online booking engine BookIt, to interests associated with the Torpedo7 sporting goods site for an undisclosed sum. More >>
$105,000 fine for role in cattle tagging price-fixing ring
Monday, 5 December 2016, 9:54 pm | BusinessDesk
Dec. 5 (BusinessDesk) - Five men have been ordered by the High Court at Auckland to pay a total $105,000 for their roles in a price-fixing agreement over cattle tagging. More >>
NZ dollar falls vs greenback after Key resigns
Monday, 5 December 2016, 9:51 pm | BusinessDesk
Dec. 5 (BusinessDesk) - The New Zealand dollar fell against the greenback after PM John Key said he will step down and rose against the euro after Italian Prime Minister Matteo Renzi said he would resign after losing a referendum on constitutional ... More >>
NZ sheep, beef farmer confidence drops sharply
Monday, 5 December 2016, 9:50 pm | BusinessDesk
Dec. 5 (BusinessDesk) - A sharp slump in confidence amongst beef and sheep farmers has tempered dairy farmer optimism in the latest Rabobank confidence survey of New Zealand farmers. More >>
NZ retirement age in question with Key exit
Monday, 5 December 2016, 5:38 pm | BusinessDesk
NZ retirement age in question with Key exit; Labour's Little rules out raising age More >>
NZ PM Key to step down citing family toll
Monday, 5 December 2016, 4:07 pm | BusinessDesk
Dec. 5 (BusinessDesk) - Prime Minister John Key will step down on Dec. 12, citing the burden the job placed on his family, and said he would support Finance Minister Bill English as his successor if his deputy puts his name forward. More >>
NZ milk processors including Miraka lift forecast payouts
Monday, 5 December 2016, 3:51 pm | BusinessDesk
Dec. 5 (BusinessDesk) - Advances in whole milk powder prices at recent GlobalDairyTrade auctions is bolstering the outlook for New Zealand's largest export commodity and prompting milk processors to hike their forecast payout levels to farmers this season, ... More >>
NZX cash trading gains for 4th consecutive month in November
Monday, 5 December 2016, 3:49 pm | BusinessDesk
Dec. 5 (BusinessDesk) - Cash trading on the NZX increased for a fourth consecutive month in November, with the value and volume of trades rising More >>
Auckland average home sale price falls 1.1% in November
Monday, 5 December 2016, 3:28 pm | BusinessDesk
Dec. 5 (BusinessDesk) - The average Auckland house price fell in November from a record high the previous month, according to realtor Barfoot & Thompson, which said the latest sales data signals a "turning" point after seven years of increases, but ... More >>
Top-10 law firm partners average $1.3m in billings a year
Monday, 5 December 2016, 1:53 pm | BusinessDesk
Dec. 5 (BusinessDesk) - The 10 best-performing law partners in New Zealand earned average revenue of $1.3 million a year compared to the bottom 10 who averaged $422,800 per partner, according to an annual survey. More >>
Lamb flap prices rise to 20-month high
Monday, 5 December 2016, 1:51 pm | BusinessDesk
Dec. 5 (BusinessDesk) - Prices for the humble lamb flap are on a tear, hitting their highest level in 20 months, driven by increased demand from China and lower supply from New Zealand. More >>
Steel & Tube to be prosecuted for steel mesh labelling
Monday, 5 December 2016, 1:28 pm | BusinessDesk
Dec. 5 (BusinessDesk) -Steel & Tube Holdings, along with two other companies, will be prosecuted by the Commerce Commission following the regulator's investigation into seismic steel mesh, while Fletcher Building's steel division has been given ... More >>
Regulator to charge companies after steel mesh investigation
Monday, 5 December 2016, 12:50 pm | BusinessDesk
Dec. 5 (BusinessDesk) - The Commerce Commission intends to lay criminal charges under the Fair Trading Act against three unnamed companies following its investigation into seismic steel mesh, while Fletcher Building's steel division has been given ... More >>
Bapcor raises Hellaby offer to $3.60/share
Monday, 5 December 2016, 12:41 pm | BusinessDesk
Dec. 5 (BusinessDesk) - Bapcor raised its takeover offer for Hellaby Holdings to $3.60 a share from $3.30, bringing it into the independent valuation range and winning increased acceptances from the Accident Compensation Corp and drawing in other institutional ... More >>
Sky TV-Vodafone merger decision delayed again
Monday, 5 December 2016, 12:07 pm | BusinessDesk
Dec. 5 (BusinessDesk) - Sky Network Television said the date for a decision on its Commerce Commission application to merge with Vodafone New Zealand has been pushed back to Feb. 23, 2017, from Dec. 21, to give the commission more time to assess a ... More >>
World Week Ahead: Eyes on votes in Italy, Austria
Monday, 5 December 2016, 11:49 am | BusinessDesk
Dec. 5 (BusinessDesk) - The outcomes of Italy’s referendum and Austrian presidential elections will help determine the mood at the start of a week during which the European Central Bank is expected to extend its asset purchase programme. More >>
NZ dollar gains after mixed US jobs data weighs on greenback
Monday, 5 December 2016, 11:47 am | BusinessDesk
Dec. 5 (BusinessDesk) - The New Zealand dollar rose after US non-farm payrolls painted a mixed picture of the US labour market, with slightly fewer jobs created last month but with the unemployment rate falling to a nine-year low. More >>
New vehicles sales hit record highs for November
Friday, 2 December 2016, 9:07 pm | BusinessDesk
New vehicles sales hit record highs for November due to higher net migration and low interest rates More >>
