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BusinessDesk - Latest News [Page 585]

NZ dollar drops to 10-day low as Brexit stokes uncertainty

Monday, 27 June 2016, 8:53 am | BusinessDesk

June 27 (BusinessDesk) - The New Zealand dollar fell to a 10-day low against the greenback after the British public's vote to quit the European Union caught investors off-guard, stoking uncertainty in financial markets and raising the prospect that ... More >>

World Week Ahead: Brexit carnage

Monday, 27 June 2016, 6:20 am | BusinessDesk

June 27 (BusinessDesk) - Following the shock decision by British voters to support a divorce from the European Union, the main focus in the coming days will be the ramifications for the global economy. More >>

NZ dollar, swaps tumble as Brexit confounds pollsters

Friday, 24 June 2016, 5:36 pm | BusinessDesk

The New Zealand dollar tumbled more than 3 US cents, or 4.4 percent, and swap rates dropped as the UK voted to leave the European Union, confounding the predictions of bookmakers and pollsters. More >>

Fronde chairman Jon Mayson ousted, two other directors exit

Friday, 24 June 2016, 5:27 pm | BusinessDesk

Jon Mayson, chairman of IT services provider Fronde, has been asked to step down by the company’s two main shareholder/directors who wanted to refresh the board. More >>

NZ interest rates plunge as Brexit gets closer to reality

Friday, 24 June 2016, 4:57 pm | BusinessDesk

June 24 (BusinessDesk) - New Zealand swap rates plunged as news of the likely victory for Brexit in the UK's referendum on whether to leave the European Union rippled through global financial markets and sent investors fleeing for safe havens. More >>

Cavalier raises 2016 earnings guidance on better performance

Friday, 24 June 2016, 3:28 pm | BusinessDesk

June 24 (BusinessDesk) - Cavalier Corp shares jumped to a 19-month high after the carpet maker raised 2016 earnings guidance as its broadloom carpets unit outperformed expectations and it sold an unprofitable carpet tile operation. More >>

NZ stocks turn as referendum result keeps investors guessing

Friday, 24 June 2016, 2:25 pm | BusinessDesk

June 24 (BusinessDesk) - New Zealand shares gave up earlier gains as early results from Britain's referendum on whether to leave the European Union show the race is much closer than what pundits had been picking . More >>

Ryman board seeks 9% pay rise to cope with bigger business

Friday, 24 June 2016, 1:43 pm | BusinessDesk

June 24 (BusinessDesk) - Ryman Healthcare's board will ask shareholders to sign off on a 9 percent pay rise for directors as they cope with an increasingly larger retirement village operator. More >>

NZ dollar spikes then drops as UK results dribble in

Friday, 24 June 2016, 11:54 am | BusinessDesk

June 24 (BusinessDesk) - The New Zealand dollar jumped to a 13-month high of 73 US cents before tumbling to 71.75 cents as traders reacted in an illiquid market to results trickling out from the UK's referendum on whether to leave the European Union. More >>

Xero to turn profitable from 2020, Morningstar predicts

Friday, 24 June 2016, 11:26 am | BusinessDesk

June 24 (BusinessDesk) - Xero will start turning profits from 2020 as it continues to grow its customer base in North America and the UK, says Morningstar. More >>

APN reaches $36.3 million tax settlement with IRD

Friday, 24 June 2016, 10:57 am | BusinessDesk

June 24 (BusinessDesk) - Australian publisher APN News & Media has reached a binding heads of agreement with the Inland Revenue Department to settle its alleged tax avoidance case and other disputed tax issues for $36.3 million. More >>

Fellet makes modest purchases of Sky TV shares

Friday, 24 June 2016, 10:41 am | BusinessDesk

June 24 (BusinessDesk) - Sky Network Television chief executive John Fellet has increased his modest holding in the pay-TV operator ahead of a special meeting of shareholders next month to vote on a merger with Vodafone Group that would create ... More >>

NZ dollar jumps as UK judged likely to stick with Europe

Friday, 24 June 2016, 8:51 am | BusinessDesk

June 24 (BusinessDesk) - The New Zealand dollar jumped above 72 US cents for the first time in more than a year as confidence that UK voters will stick with the European Union firmed ahead of today's historic vote. More >>

MARKET CLOSE: NZ shares rise before Brexit vote

Friday, 24 June 2016, 8:44 am | BusinessDesk

June 23 (BusinessDesk) - New Zealand shares rose as markets speculated the UK will vote to remain in the European Union. Vital Healthcare Property Trust and Summerset Group gained, while Nuplex Industries dropped as its acquisition by Allnex may be ... More >>

While you were sleeping: Stocks, pound rally as UK votes

Friday, 24 June 2016, 7:51 am | BusinessDesk

June 24 (BusinessDesk) - Equities on both sides of the Atlantic rose as investors awaited the outcome of a British referendum about the UK’s membership in the European Union, as recent surveys suggested more voters favoured the “Remain” option. More >>