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BusinessDesk - Latest News [Page 791]

Milford drops Warminger from prospectus, Gaynor takes role

Friday, 19 June 2015, 11:34 am | BusinessDesk

June 19 (BusinessDesk) - Milford Asset Management has dropped veteran portfolio manager Mark Warminger from the investment team for its funds under management, according to an amended prospectus issued the same day it agreed to a $1.5 million settlement ... More >>

Property Institute decries 'Soviet-style' proposal for UDA

Friday, 19 June 2015, 10:25 am | BusinessDesk

June 19 (BusinessDesk) - The Property Institute of New Zealand says a proposal to create a national Urban Development Authority to help deal with Auckland's housing shortage is a 'Soviet-style' solution. The proposal was advanced by the Productivity ... More >>

APN boss Michael Miller returns to News

Friday, 19 June 2015, 10:20 am | BusinessDesk

June 19 (BusinessDesk) - APN News & Media chief executive Michael Miller will leave the Australian owner of New Zealand media group, NZME, to head up the Australasian arm of News Corp's empire, and will be replaced by the company's top radio executive, ... More >>

NZ dollar edges up as traders shed greenback on rate outlook

Friday, 19 June 2015, 8:43 am | BusinessDesk

June 19 (BusinessDesk) - The New Zealand dollar edged up as investors reduced their holdings of US dollars amid uncertainty about the pace of future interest rate rises in the world's largest economy. More >>

While you were sleeping: Nasdaq climbs to record

Friday, 19 June 2015, 7:40 am | BusinessDesk

June 19 (BusinessDesk) - Wall Street rose, pushing the Nasdaq Composite Index to a record, amid optimism US Federal Reserve policy makers are in no rush to raise interest rates. while the American economy is doing well. More >>

Air NZ 'ready for a fight' with Jetstar on regional routes

Thursday, 18 June 2015, 5:52 pm | BusinessDesk

Air New Zealand 'ready for a fight' with Jetstar on New Zealand's regional routes More >>

MARKET CLOSE: NZ shares fall to month-low; Air NZ drops

Thursday, 18 June 2015, 5:35 pm | BusinessDesk

June 18 (BusinessDesk) - New Zealand shares fell, pushing the NZX 50 Index to a month-low. Air New Zealand tumbled on increased domestic rivalry from Jetstar and weak economic growth figures drove down the kiwi dollar, unsettling offshore equity investors. ... More >>

Key says Kiwis, tourists will benefit from Jetstar expansion

Thursday, 18 June 2015, 4:24 pm | BusinessDesk

June 18 (BusinessDesk) - Prime Minister John Key said regional New Zealanders will be cheering wildly at the news Jetstar will expand from flying main trunk routes into regional ones by the end of the year, ending Air New Zealand’s stranglehold ... More >>

Bruce Sheppard at odds with shareholder lobby over Unlisted

Thursday, 18 June 2015, 4:03 pm | BusinessDesk

June 18 (BusinessDesk) - Bruce Sheppard, former chairman of the New Zealand Shareholders Association, is at odds with the lobby group he founded in 2001 because he supports Unlisted's application for an exemption from becoming a listed market under new rules. More >>

Jetstar to launch regional flights from December

Thursday, 18 June 2015, 2:41 pm | BusinessDesk

June 18 (BusinessDesk) - Jetstar, Qantas Airways’ budget offshoot, has announced an expansion of domestic regional routes in New Zealand to end Air New Zealand’s stranglehold on the regional market. More >>

UPDATE: Milford's $1.5M settlement a 'commercial decision'

Thursday, 18 June 2015, 1:21 pm | BusinessDesk

June 18 (BusinessDesk) - Milford Asset Management agreed to pay $1.5 million to settle with the Financial Markets Authority over alleged market manipulation by one of its traders, rather than become embroiled in what could have been a prolonged legal battle, ... More >>

NZ above-average growth won't stop RBNZ rush to cut rates

Thursday, 18 June 2015, 1:16 pm | BusinessDesk

NZ economic growth above OECD average won't stop RBNZ rushing to cut rates again, economists say More >>

Air NZ shares sink to 7-month low on Jetstar expansion plans

Thursday, 18 June 2015, 11:41 am | BusinessDesk

June 18 (BusinessDesk) - Air New Zealand shares sank to their lowest level since November last year ahead of an announcement from Qantas Airways' budget subsidiary Jetstar that it plans to expand its local offering. More >>

Seeka kiwifruit harvest beats expectations

Thursday, 18 June 2015, 11:10 am | BusinessDesk

June 18 (BusinessDesk) - Seeka Kiwifruit Industries, the country's biggest kiwifruit grower, reported a better-than-expected harvest in the 2015 season, which it says may help lift earnings in the current financial year. More >>

NZ economy expands 0.2%, weakest quarterly growth in 2 years

Thursday, 18 June 2015, 10:56 am | BusinessDesk

NZ economy expands 0.2%, eking out weakest quarterly growth in two years; kiwi falls More >>

Milford Asset Management fined $1.5M for market manipulation

Thursday, 18 June 2015, 10:09 am | BusinessDesk

June 18 (BusinessDesk) - Milford Asset Management has agreed to pay $1.5 million to the Financial Markets Authority over claims the high-profile fund manager engaged in market manipulation. More >>

NZ dollar above 70 US cents as Fed lowers US growth outlook

Thursday, 18 June 2015, 8:49 am | BusinessDesk

June 18 (BusinessDesk) - The New Zealand dollar jumped, rising briefly above 70 US cents, after the US Federal Reserve pulled back its projections for future interest rate rises and lowered its growth estimate for the world's biggest economy this year. More >>