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BusinessDesk - Latest News [Page 605]
NZX considered higher earnout target for Clear
Saturday, 21 May 2016, 5:47 pm | BusinessDesk
May 20 (BusinessDesk) - NZX looked at a tougher earnout hurdle for the sellers of the Clear Grain Exchange which would have got the platform beyond the breakeven target eventually agreed on, the High Court in Wellington heard today. More >>
NZ dollar rises as migration continues at record pace
Saturday, 21 May 2016, 5:46 pm | BusinessDesk
May 20 (BusinessDesk) - The New Zealand dollar rose after figures showed the nation continues to welcome migrants at a record pace, ensuring a key plank of economic growth and demand remains in place. More >>
Movie software company Vista is Hi-Tech company of the year
Saturday, 21 May 2016, 5:40 pm | BusinessDesk
May 20 (BusinessDesk) - Listed film software and analytics firm Vista Group International has won the PwC Hi-Tech company of the year in the annual Hi-Tech Awards with judges saying it truly had “worldwide potential”. More >>
PGP fish harvesting technology wins new category in Hi-Tech
Saturday, 21 May 2016, 5:38 pm | BusinessDesk
May 20 (BusinessDesk) - Primary Growth Partnership participant Precision Seafood Harvesting has notched up another accolade, winning the inaugural Maori innovation award at the annual Hi-Tech Awards for its sustainable fishing technology that allows ... More >>
PGP fish harvesting technology wins new category in Hi-Tech
Saturday, 21 May 2016, 5:36 pm | BusinessDesk
May 20 (BusinessDesk) - Primary Growth Partnership participant Precision Seafood Harvesting has notched up another accolade, winning the inaugural Maori innovation award at the annual Hi-Tech Awards for its sustainable fishing technology that allows ... More >>
Bright-spark online start-up Flick eyes overseas markets
Saturday, 21 May 2016, 4:45 pm | BusinessDesk
May 21 (BusinessDesk) - Wellington-based online electricity retailer Flick said it's scoping overseas markets for expansion in a bid to build the scale it needs to reach profitability after winning the Vocus Communications Innovative Services ... More >>
Air NZ has delivered 8.4% annual return since rescue
Friday, 20 May 2016, 5:16 pm | BusinessDesk
The government was forced to re-nationalise Air New Zealand in 2002 to save the airline from bankruptcy but the investment has paid off in the long run by delivering an annual return estimated at 8.4 percent, the Treasury estimates. More >>
Real estate agency Unique Realty ordered to pay $1.25 mln
Friday, 20 May 2016, 4:13 pm | BusinessDesk
May 20 (BusinessDesk) - Manawatu real estate agency Unique Realty has been ordered to pay $1.25 million by the High Court in Auckland for fixing prices in the first of 13 agencies set to appear in court over the ring. More >>
A2 gets 'please explain' as shares hit 5-month low
Friday, 20 May 2016, 4:10 pm | BusinessDesk
A2 gets 'please explain' as shares hit 5-month low, First NZ sees new rivals More >>
Wellington Airport annual profit rises 29%
Friday, 20 May 2016, 3:39 pm | BusinessDesk
May 20 (BusinessDesk) - Wellington International Airport, which is 66 percent owned by investment group Infratil, posted a 29 percent gain in full-year profit as growth in international passenger volumes drove revenue. More >>
Chevron NZ injects $14.3 mln
Friday, 20 May 2016, 3:36 pm | BusinessDesk
Chevron NZ injects $14.3 mln to fully-fund wind-up of Caltex pension scheme More >>
NZ wool prices advance at auction
Friday, 20 May 2016, 2:13 pm | BusinessDesk
May 20 (BusinessDesk) - New Zealand wool prices gained at yesterday's South Island auction as buyers preferred the southern offering to last week's North Island selection. More >>
Budget debt focus risks being lost opportunity for economy
Friday, 20 May 2016, 2:08 pm | BusinessDesk
May 20 (BusinessDesk) - The Treasury is likely to upgrade its forecasts for economic growth in Budget 2016 next week but Finance Minister Bill English has already signalled that more of his focus is on debt repayment than on fiscal stimulus or tax cuts. More >>
UDC Finance first-half profit falls 4%
Friday, 20 May 2016, 1:40 pm | BusinessDesk
May 20 (BusinessDesk) - ANZ Bank New Zealand's UDC Finance unit reported a 4 percent decline in first-half profit, saying the result reflected tighter lending and deposit margins as a result of increased competition and an increase in its charge for bad ... More >>
NZ posts new migration, tourism records in April
Friday, 20 May 2016, 12:42 pm | BusinessDesk
May 20 (BusinessDesk) - New Zealand posted new records for migration and tourism in April, providing a buffer for the economy hurt by weak prices for dairy products, the country's largest export commodity. More >>
FMA orders FX firm Cambrian to change 'misleading' marketing
Friday, 20 May 2016, 12:38 pm | BusinessDesk
May 20 (BusinessDesk) - The Financial Markets Authority has issued a direction order to foreign exchange education firm Cambrian Corp to change the way its markets itself, which the market watchdog said was either misleading or deceptive and made unsubstantiated ... More >>
Settling grain exchange dispute better for both parties
Friday, 20 May 2016, 11:25 am | BusinessDesk
Settling grain exchange dispute better for both parties as NZX faces legal bill of up to $10M: Bennett More >>
US political change may slow efforts to free up agriculture
Friday, 20 May 2016, 11:21 am | BusinessDesk
May 20 (BusinessDesk) - Political change in the US may slow efforts to free up agricultural trade, impacting New Zealand which had hoped to gain better access to the world's largest economy through the Trans-Pacific Partnership agreement, according to a US ... More >>
Augusta lifts annual earnings 17%
Friday, 20 May 2016, 10:57 am | BusinessDesk
May 20 (BusinessDesk) - Augusta Capital lifted annual earnings 17 percent as the listed property investor and fund manager eked out bigger returns from its two segments, with a higher occupancy rate and more syndication deals completed. More >>
Ryman posts record full-year profit again
Friday, 20 May 2016, 9:31 am | BusinessDesk
May 20 (BusinessDesk) - Ryman Healthcare posted another record full-year profit, rounding out 14 straight years of earnings growth as New Zealand’s largest retirement village operator ramped up its Australian expansion and increased re-sales of occupation ... More >>
