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BusinessDesk - Latest News [Page 94]
Vital's manager shouldn't have voted at AGM
Wednesday, 13 March 2019, 2:03 pm | BusinessDesk
March 13 (BusinessDesk) - Vital Healthcare Property Trust’s rebel investors have scored a symbolic victory with the trustee saying the trust’s manager shouldn't have voted at December's annual meeting. More >>
Seeka to buy Aongatete Coolstores
Wednesday, 13 March 2019, 1:56 pm | BusinessDesk
Kiwifruit grower and marketer Seeka will purchase Aongatete Coolstores for a combined business value of $25 million as part of its growth strategy. More >>
NZ dollar higher against British pound on Brexit jitters
Wednesday, 13 March 2019, 10:56 am | BusinessDesk
March 13 (BusinessDesk) - The New Zealand dollar was higher against the British pound on mounting speculation UK Prime Minister Theresa May is heading for a Brexit defeat. More >>
MARKET CLOSE: NZ shares edge up
Tuesday, 12 March 2019, 8:50 pm | BusinessDesk
MARKET CLOSE: NZ shares edge up as defensive stocks remain in favour; Restaurant Brands gains More >>
NZ dollar slips against the British pound
Tuesday, 12 March 2019, 8:15 pm | BusinessDesk
March 12 (BusinessDesk) - The New Zealand dollar rose against the US and Australian dollars but fell against the British pound on news that UK Prime Minister Theresa May has secured changes from the European Commission to her Brexit deal. More >>
Median KiwiSaver balances rose 62% over three years
Tuesday, 12 March 2019, 7:58 pm | BusinessDesk
March 12 (BusinessDesk) - The median value of KiwiSaver nest eggs grew to $13,000 at June 30 last year, up 62 percent or $5,000 from three years earlier, Stats NZ says. More >>
Eric Watson Cullen Group ordered to pay IRD more than $112m
Tuesday, 12 March 2019, 7:43 pm | BusinessDesk
March 12 (BusinessDesk) - Eric Watson’s Cullen Group has been ordered to pay Inland Revenue $112 million plus penalties and costs after the group was found to have avoided paying tax for which it was liable. More >>
Methven shareholders vote to approve GWA Group takeover
Tuesday, 12 March 2019, 4:30 pm | BusinessDesk
March 12 (BusinessDesk) - Methven shareholders voted to approve a $118 million takeover by Australian kitchenware firm GWA Group. More >>
Briscoe Group reports 3% lift in FY net profit
Tuesday, 12 March 2019, 2:26 pm | BusinessDesk
March 12 (BusinessDesk) - Retailer Briscoe Group reported a 3.4 percent lift in full year net profit despite what it said was "erratic consumer confidence." More >>
RBNZ warned the govt of "intensive lobbying" by banks
Tuesday, 12 March 2019, 1:40 pm | BusinessDesk
March 12 (BusinessDesk) - The Reserve Bank realised the banks were not expecting higher capital requirements of the scale the central bank has decided to impose and it warned the government to expect “intensive lobbying” from the big four banks. More >>
Finaccess wins control of Restaurant Brands
Tuesday, 12 March 2019, 1:02 pm | BusinessDesk
March 12 (BusinessDesk) - Finaccess Capital has cleared the final hurdle to secure control of Restaurant Brands New Zealand in the final day of its partial takeover bid. More >>
NZ dollar firms on improving global risk appetite
Tuesday, 12 March 2019, 11:00 am | BusinessDesk
March 12 (BusinessDesk) - The New Zealand dollar rose as global risk appetite got a lift after US retail sales data was better than expected. More >>
UPDATE: NZers moderated their thrashing of plastic
Monday, 11 March 2019, 10:06 pm | BusinessDesk
March 11 (BusinessDesk) - New Zealanders moderated their spending on electronic cards last month but still spent more on groceries, liquor, fuel and hospitality. More >>
Ambition, urgency needed in renewables thrust - Refining NZ
Monday, 11 March 2019, 10:04 pm | BusinessDesk
March 11 (BusinessDesk) - New Zealand needs to get its renewables build underway if it is to maximise the economic benefit of shifting industry and transport to lower-carbon energy, Refining NZ chief executive Mike Fuge says. More >>
NZ dollar becalmed as traders eye signs
Monday, 11 March 2019, 9:34 pm | BusinessDesk
March 11 (BusinessDesk) - The New Zealand dollar was little changed, sidelined as markets await other data to assess whether Friday’s sharply lower-than-expect US jobs numbers were an aberration or part of a broader slowdown there and in global ... More >>
MARKET CLOSE: NZ shares decline as global uncertainty weighs
Monday, 11 March 2019, 9:30 pm | BusinessDesk
March 11 (BusinessDesk) - New Zealand shares fell as uncertainty about the global economy weighed on investor confidence. Sky Network Television dropped to a new low as the pay-TV operator remains out of favour. More >>
"Helpful" if Shane Jones had left funding meeting
Monday, 11 March 2019, 9:25 pm | BusinessDesk
March 11 (BusinessDesk) - It would have been "helpful" if the minister responsible for the Provincial Growth Fund, Shane Jones, had not been in the room when a decision was made to fund a Far North District Council Maori tourism initiative ... More >>
Wellington Airport eyes $100M bond offer
Monday, 11 March 2019, 1:01 pm | BusinessDesk
March 11 (BusinessDesk) - Wellington International Airport is eyeing up a $100 million bond offer as companies continue to take advantage of the cheap money available through the listed debt market. More >>
Signs slowing growth is becoming a global trend
Monday, 11 March 2019, 11:09 am | BusinessDesk
March 11 (BusinessDesk) - Investors will have eyes peeled for any indicators of global growth this week after a surfeit of news this month suggesting economies around the world are slowing. More >>
NZ dollar hovering around 68 US cents
Monday, 11 March 2019, 11:02 am | BusinessDesk
March 11 (BusinessDesk) - The New Zealand dollar continues to hover around 68 US cents after rallying on disappointing US jobs data. More >>
