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BusinessDesk - Latest News [Page 964]

Major Acurity shareholders launch all-cash takeover bid

Monday, 28 July 2014, 9:57 am | BusinessDesk

July 28 (BusinessDesk) - The three biggest shareholders of Acurity Health Group have launched a cash takeover bid for the 29 percent they don't own, valuing the private hospital operator at $112.2 million, saying the firm faces a big struggle lifting ... More >>

SLI Systems says FY sales miss forecast on ARR basis

Monday, 28 July 2014, 9:43 am | BusinessDesk

July 28 (BusinessDesk) - SLI Systems, the search engine software developer, said full-year revenue missed its prospectus forecast, using its preferred measure, although it will report a smaller loss because of delays in building a sales team. More >>

NZ dollar little changed ahead of Fed meeting

Monday, 28 July 2014, 8:59 am | BusinessDesk

July 28 (BusinessDesk) - The New Zealand dollar was little changed from the New York close as investors prepare for a heavy news flow from the US, including the Federal Reserve's latest policy review, an economic growth reading, capped off with employment ... More >>

World Week Ahead: Shift to neutral?

Monday, 28 July 2014, 8:03 am | BusinessDesk

July 28 (BusinessDesk) - Investors are likely to be cautious ahead of this week’s US Federal Reserve policy meeting, as well as the latest reports on the country’s gross domestic product and jobs. More >>

MARKET CLOSE: NZ shares gain, led by Xero

Friday, 25 July 2014, 6:07 pm | BusinessDesk

July 25 (BusinessDesk) - New Zealand shares rose, led by Xero after investors gained confidence about the cloud-based accounting software firm's US expansion plans following upbeat comments at the company's annual meeting this week. More >>

NZ dollar heads for 1.4% weekly drop post-Wheeler comments

Friday, 25 July 2014, 5:43 pm | BusinessDesk

Jul. 25 (BusinessDesk) - The New Zealand dollar is heading for a 1.4 percent weekly fall against the greenback after Reserve Bank governor Graeme Wheeler talked down the local currency and signalled conditions were ripe for intervention. More >>

Puhoi - Warkworth "holiday highway" gets the big tick

Friday, 25 July 2014, 5:40 pm | BusinessDesk

July 25 (BusinessDesk) - A board of inquiry has given the go-ahead on the $760 million Puhoi-to-Warkworth highway. More >>

Carbon tax axe will boost Australian renewables: Trustpower

Friday, 25 July 2014, 4:20 pm | BusinessDesk

July 25 (BusinessDesk) - Electricity generator Trustpower believes the repeal of Australia's carbon tax will be great for renewable energy, which is likely to be heavily favoured under the federal government's Renewable Energy Targets scheme. More >>

Kiwibank exits Goodman Property's $600 mln lending syndicate

Friday, 25 July 2014, 2:02 pm | BusinessDesk

July 25 (BusinessDesk) - Kiwibank has exited a five-year, $30 million lending relationship with Goodman Property Trust, New Zealand's largest listed property investor with the remaining 'big four' banks to boost their funding to $150 million each. More >>

NZ businesses still upbeat, confidence on the wane

Friday, 25 July 2014, 1:26 pm | BusinessDesk

July 25 (BusinessDesk) - New Zealand firms remained largely upbeat this month, though confidence is still coming off the boil amid falling dairy prices, a strong currency and rising interest rates, according to ANZ Bank's July Business Outlook survey. More >>

UPDATE: Scales shares edge lower on NZX debut

Friday, 25 July 2014, 12:47 pm | BusinessDesk

UPDATE: Scales shares edge lower on NZX debut raising $30M of new capital to repay debt More >>

Scales shares edge up 0.6% on NZX debut

Friday, 25 July 2014, 11:06 am | BusinessDesk

July 25 (BusinessDesk) - Shares in Scales Corp increased 0.6 percent on their NZX debut in the fruit and vegetables logistics company's $148 million initial public offer. More >>

ASX-listed InvoCare unit cleared to buy Chch crematoriums

Friday, 25 July 2014, 10:17 am | BusinessDesk

July 25 (BusinessDesk) - The Commerce Commission has cleared the way for ASX-listed InvoCare's Bledisloe New Zealand to buy the 70-year old Cremation Society of Canterbury adding two crematoriums to its New Zealand network. More >>

Auckland Airport cuts fine deal in US$250M bond issue

Friday, 25 July 2014, 10:03 am | BusinessDesk

Jul. 25 (BusinessDesk) - Auckland International Airport has sold US$250 million of bonds in the final tranche of a financing package to pay for its capital return to shareholders earlier this year at what it says is the lowest borrowing margin for ... More >>

NZ dollar keeps falling, touches fresh six-week low

Friday, 25 July 2014, 9:12 am | BusinessDesk

Jul. 25 (BusinessDesk) - The New Zealand dollar was the weakest major currency overnight, touching a fresh six-week low after Reserve Bank governor Graeme Wheeler yesterday signalled conditions were ripe for currency intervention. More >>

Chorus suspends dividend payments, tweaks banking covenants

Friday, 25 July 2014, 8:56 am | BusinessDesk

Jul. 25 (BusinessDesk) - Chorus, the telecommunications network operator, has suspended dividend payments as regulatory uncertainty weighs on its balance sheet, and has renegotiated its banking covenants to give it some financial breathing space. More >>