Businesswire - Latest News [Page 2]

Vector shareholders overwhelmingly back sale of gas assets

Wednesday, 16 December 2015, 3:24 pm | Businesswire

Dec. 16 (BusinessDesk) - Shareholders in Vector, the gas and electricity distributor, have voted overwhelmingly to sell its gas transmission and distribution assets outside Auckland to Australian investor First State Funds for $952.2 million. More >>

Regulator transforms Chorus from utility to rollercoaster

Wednesday, 16 December 2015, 2:11 pm | Businesswire

Dec. 16 (BusinessDesk) - Chorus, split off from Telecom in 2012 as a low-risk, low-return network company, has instead been one of the most volatile stocks on the NZX, thanks to a prolonged and shambolic regulatory process on what it can charge customers to ... More >>

Weak Chinese, UK demand likely to weigh on NZ lamb exports

Wednesday, 16 December 2015, 1:43 pm | Businesswire

Dec. 16 (BusinessDesk) - New Zealand farmers are heading for lower returns for their lambs this season amid weakness in the country's two largest export markets in China and the UK. More >>

CORRECT: Flick Electric raises $5 mln new capital

Wednesday, 16 December 2015, 10:13 am | Businesswire

Dec. 15 (BusinessDesk) - Wellington-based online electricity retailer, Flick Electric, has raised $5 million in its second capital-raising in two years, adding the Gisborne-based Eastland Group as a cornerstone shareholder with an 11.1 percent shareholding, for ... More >>

Intueri prospectus could have been clearer: FMA

Tuesday, 15 December 2015, 6:18 pm | Businesswire

Dec. 15 (BusinessDesk) - The regulator of New Zealand's financial markets says elements of the 2014 prospectus issued by private training provider, Intueri Education Group, could have been more clearly and effectively described. More >>

MARKET CLOSE: NZ shares rise on Chorus rally; Spark falls

Tuesday, 15 December 2015, 5:42 pm | Businesswire

Dec. 15 (BusinessDesk) - New Zealand shares rose as Chorus hit a record high today while Spark New Zealand, Xero and Intueri Education Group dropped. More >>

IkeGPS signs $1M deal for MapSight software with US customer

Monday, 14 December 2015, 10:25 am | Businesswire

Dec. 14 (BusinessDesk) - Measurement tool developer ikeGPS Group has signed a $1 million deal to sell its MapSight software to an unnamed customer in the US. More >>

Heartland affirms annual guidance, eyes acquisitions

Monday, 14 December 2015, 9:57 am | Businesswire

Dec. 11 (BusinessDesk) - Heartland New Zealand, the locally listed bank, affirmed annual earnings guidance, and said it's keen on buying rivals to grow its business, especially in consumer finance. More >>

Australia's innovation policy a 'catch up' to NZ's: Joyce

Monday, 14 December 2015, 8:58 am | Businesswire

Dec. 14 (BusinessDesk) - Science & Innovation Minister Steven Joyce has rejected comments that Australia’s new innovation policy has leapfrogged it ahead of New Zealand, saying it was more of a “catch-up”. More >>

NZ dollar weakens as investors shed commodity currencies

Monday, 14 December 2015, 8:43 am | Businesswire

Dec. 14 (BusinessDesk) - The New Zealand dollar declined as investors sought safe haven investments after commodity prices weakened and amid investor nervousness ahead of the Federal Reserve's interest rate review this week. More >>

Wynyard shareholders approve $30 million private placement

Friday, 11 December 2015, 3:41 pm | Businesswire

Dec. 11 (BusinessDesk) - Wynyard Group shareholders have passed a resolution to raise at least $30 million from a number of strategic investors to enable the security software firm to cash in on increased demand for ways to combat cyber, terrorist, ... More >>

NZ falls into line on 1.5 degree climate change target

Friday, 11 December 2015, 10:17 am | Businesswire

Dec. 11 (BusinessDesk) - New Zealand will line up with more than 100 other countries behind the so-called 'high ambition' target to limit global temperature rises to 1.5 degrees Celsius as the global climate change talks in Paris head into what may ... More >>

NZ dollar holds gains after RBNZ ends rate cut cycle

Friday, 11 December 2015, 8:41 am | Businesswire

NZ dollar holds gains after RBNZ signals it's done with rate cuts for now More >>

Shell head office raises prospect of full exit from NZ

Thursday, 10 December 2015, 12:39 pm | Businesswire

Dec. 10 (BusinessDesk) - Multi-national oil company Royal Dutch Shell is putting its New Zealand assets up for strategic review as part of a global strategy to become "a simpler, more profitable and resilient company." More >>

VMob first-half loss widens as costs offset surging sales

Thursday, 10 December 2015, 11:59 am | Businesswire

Dec. 10 (BusinessDesk) - VMob Group, the NZAX-listed mobile voucher developer, widened its first-half loss as costs more than doubled, offsetting a surge in sales, and plans to raise more capital to continue its growth strategy. More >>

UPDATE: Fonterra holds steady on forecast milk price

Thursday, 10 December 2015, 11:52 am | Businesswire

Dec. 10 (BusinessDesk) - Fonterra Cooperative Group’s decision to hold steady its forecast farmgate milk price in the hope global dairy prices will lift in the first half of next year came as no surprise to market players. More >>

NZ dollar little changed amid commodity rout

Wednesday, 9 December 2015, 8:43 am | Businesswire

Dec. 9 (BusinessDesk) - The New Zealand dollar held steady, even as the currencies of other commodity-linked countries declined, as traders were reluctant to change their positions ahead of the Reserve Bank decision on interest rates tomorrow. More >>

Synlait Milk forecasts boost in half-year net profit

Tuesday, 8 December 2015, 4:05 pm | Businesswire

Synlait Milk forecasts boost in half-year net profit on back on boom in infant formula More >>

Affco baulks at having Helen Kelly in mediation sessions

Tuesday, 8 December 2015, 2:50 pm | Businesswire

Affco baulks at having Helen Kelly in mediation sessions with meat workers union, parties head back to court More >>

NZ dollar drops as commodity currencies fall out of favour

Tuesday, 8 December 2015, 8:52 am | Businesswire

NZ dollar drops as commodity currencies fall out of favour; traders eye likely RBNZ cut More >>