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Independent, Trustworthy New Zealand Business News
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BusinessDesk - Latest News [Page 85]
NorthWest warns Vital investors: take the deal or else
Tuesday, 2 April 2019, 11:12 am | BusinessDesk
April 1 (BusinessDesk) - Vital Healthcare Property Trust’s manager is telling unitholders they must either accept its proposed new fee structure or it will revert to the existing extremely lucrative fee structure. More >>
NZ dollar weighed by positive US manufacturing data
Tuesday, 2 April 2019, 11:10 am | BusinessDesk
April 2 (BusinessDesk) - The New Zealand dollar was slightly weaker against the greenback after some positive US manufacturing data but remains above 68 cents as risk appetite picks up. More >>
Conservative and risk averse: NZ CEOs revealed
Tuesday, 2 April 2019, 10:37 am | BusinessDesk
April 2 (BusinessDesk) - New Zealand’s business leaders are disrupted, not disruptors. They cultivate a conservative, risk-averse persona, which doesn’t necessarily fit well with today’s young customers and employees. More >>
Chinese president calls for trust in relations with NZ
Tuesday, 2 April 2019, 10:30 am | BusinessDesk
April 2 (BusinessDesk) - Chinese president Xi Jinping used his first state visit meeting with Prime Minister Jacinda Ardern to call for mutual trust in the relationship between the two countries. More >>
MARKET CLOSE: NZ shares join Asian rally
Monday, 1 April 2019, 8:58 pm | BusinessDesk
April 1 (BusinessDesk) - New Zealand shares continued their march higher, joining a rally across Asia as better than expected Chinese manufacturing data lifted investor confidence. Tourism Holdings led the market higher. More >>
More fund managers put pressure on Facebook, Google
Monday, 1 April 2019, 8:56 pm | BusinessDesk
April 1 (BusinessDesk) - Another 18 local and international fund managers have joined the five New Zealand government-related fund managers who last month called for greater controls on multi-national social media owners Facebook, Twitter and Google. More >>
NZ dollar little changed; data fuels equities rallies
Monday, 1 April 2019, 8:55 pm | BusinessDesk
April 1 (BusinessDesk) - The New Zealand dollar is little changed after better-than-expected Australian data, on top of better manufacturing data from China over the weekend, fuelled equity market rallies around Asia. More >>
FMA says money-laundering safeguards still not fit
Monday, 1 April 2019, 7:18 pm | BusinessDesk
April 1 (BusinessDesk) - The Financial Markets Authority says electronic verification systems the financial sector is using to detect money laundering and terrorism financing still aren't up to scratch. More >>
Blis Technologies earnings beat expectations on order growth
Monday, 1 April 2019, 4:28 pm | BusinessDesk
April 1 (BusinessDesk) - Blis Technologies says annual revenue and earnings beat guidance as the probiotics consumer products maker registered strong order growth in the March quarter. More >>
NorthWest outlines new Vital Healthcare fee structure
Monday, 1 April 2019, 2:30 pm | BusinessDesk
April 1 (BusinessDesk) - Vital Healthcare Property Trust’s manager says it is reducing its base fees and adopting a tiered structure but is adding a raft of new fees not mentioned in the current trust deed, making it unclear whether overall fees will ... More >>
Silver Fern Farms cites tough sheep market in profit slide
Monday, 1 April 2019, 2:26 pm | BusinessDesk
April 1 (BusinessDesk) - Silver Fern Farms says poor trading in its sheep meat business contributed to a 62 percent decline in full-year profit. More >>
NZ small business confidence 'generally positive'
Monday, 1 April 2019, 2:23 pm | BusinessDesk
April 1 (BusinessDesk) - New Zealand small business confidence is below the Asia-Pacific average but is not falling off a cliff, a survey by CPA Australia shows. More >>
Heartland seeks $75M in 5-year bond offer
Monday, 1 April 2019, 2:17 pm | BusinessDesk
April 1 (BusinessDesk) - Heartland Group's banking subsidiary is seeking $75 million through a five-year bond offer and will pay at least 3.5 percent annual interest. More >>
Cushing family's H&G to buy 2.2% Wrightson stake from Agria
Monday, 1 April 2019, 12:48 pm | BusinessDesk
April 1 (BusinessDesk) - The Cushing family's H&G vehicle has agreed to buy a 2.2 percent stake in rural services firm PGG Wrightson from Agria Corp. for $8.3 million. More >>
Infratil sells 50% stake in ANU student accommodation
Monday, 1 April 2019, 12:20 pm | BusinessDesk
April 1 (BusinessDesk) - Infratil announced the conditional sale of its 50 percent stake in a Canberra student accommodation 30-year concession to AMP Capital for A$162 million. More >>
Data this week offers signposts on recession risk
Monday, 1 April 2019, 11:28 am | BusinessDesk
April 1 (BusinessDesk) - The big question facing financial markets is whether the United States, and therefore the global economy, is heading into recession More >>
Kiwi gets lift from Chinese March PMI data
Monday, 1 April 2019, 11:12 am | BusinessDesk
April 1 (BusinessDesk) - The New Zealand dollar was back above 68 cents early Monday after Chinese March official manufacturing data was better than expected. More >>
KiwiRail to boost log capacity out of Wairarapa
Monday, 1 April 2019, 10:33 am | BusinessDesk
April 1 (BusinessDesk) - KiwiRail plans to increase its log capacity out of Wairarapa by about a third to cater for the increased harvest and reduce the number of trucks travelling into CentrePort in Wellington. More >>
MARKET CLOSE: NZX50 delivers 12% gain in March quarter
Friday, 29 March 2019, 9:08 pm | BusinessDesk
March 29 (BusinessDesk) - The S&P/NZX 50 Index climbed almost 12 percent to end the March quarter at a record, as a late tailwind from the Reserve Bank's bias towards lower rates spurred demand for companies with reliable dividends such as Meridian ... More >>
Spark seeks expressions of interest in Lightbox
Friday, 29 March 2019, 9:07 pm | BusinessDesk
March 29 (BusinessDesk) - Spark New Zealand is seeking expressions of interest for investment or partnership with its Lightbox streaming video service. More >>
