The supply growth has been compounded by weak demand.
from
http://www.nbr.co.nz/article/fitch-ratings-warns-rise-european-milk-production-will-delay-price-recovery-beyond-2016-b
Thursday, 31 March 2016
Fitch Ratings warns rise in European milk production will delay price recovery beyond 2016
from
http://www.nbr.co.nz/article/fitch-ratings-warns-rise-european-milk-production-will-delay-price-recovery-beyond-2016-b
Farmers want more, not less, global warming
Prime Minister John Key has joined the long and ignoble list of politicians wanting to spend farmers’ hard-earned cash. With special feature audio.
from
http://www.nbr.co.nz/opinion/farmers-want-more-not-less-global-warming-rh
New CERA successor named for Christchurch
The programme is about restoring roads, bridges, and underground pipes.
from
http://www.nbr.co.nz/article/new-cera-successor-named-christchurch-ch-187012
Why cutting ties with Virgin makes sense for Air New Zealand
Air New Zealand’s decision to review its shareholding in Virgin Australia raises some important questions for the airline and its own shareholders.
from
http://www.nbr.co.nz/article/why-cutting-ties-virgin-makes-sense-air-new-zealand-p-187009
Fonterra’s car crash PR
This dummkopf Paul Henry keeps asking about the suppliers. With special feature audio.
from
http://www.nbr.co.nz/opinion/fonterra-car-crash-pr-th
Massey absorbs revamped NZIM into new business education venture
The university has taken over the running of the Institute of Management New Zealand.
from
http://www.nbr.co.nz/article/massey-absorbs-revamped-nzim-new-business-education-venture-ng-p-186998
OPINION: Investment and innovation needed to mitigate New Zealand’s risk
OPINION: Lance Bickford on challenges faced by the New Zealand’s agribusiness industry.
from
http://www.nbr.co.nz/article/opinion-investment-and-innovation-needed-mitigate-new-zealand-risk-lb
Private equity-backed HRV on the hunt for more acquisitions
A home ventilation company that used to be known for dodgy sales tactics has revamped its practices and image. With special feature audio.
from
http://www.nbr.co.nz/article/private-equity-backed-hrv-hunt-more-acquisitions-cs-p-186971
Editor’s Insight: Split personality or the good, the glum and dairy
Only one regional economy out of 11 has lifted its business confidence. With special feature audio.
from
http://www.nbr.co.nz/opinion/editor-insight-split-personality-or-good-glum-and-dairy-ng
Chinese withdraw bid for Starwood hotel group
A proposed merger to create the world's largest hotel group will now go ahead.
from
http://www.nbr.co.nz/article/chinese-withdraw-bid-starwood-hotel-group-ng-p-186989
Wool prices slip at auction as higher kiwi dollar dents demand
Coarse crossbred wool declined to $5.53 per kilogram at yesterday's North Island auction from $5.69/kg.
from
http://www.nbr.co.nz/article/nz-wool-prices-slip-auction-higher-kiwi-dollar-dents-demand-b-186993
Kirkcaldie directors recommend shareholders reject Brierley takeover offer
Brierley's Mercantile NZ vehicle is the third-largest shareholder in Kirkcaldie.
from
http://www.nbr.co.nz/article/kirkcaldie-directors-recommend-shareholders-reject-brierley-takeover-offer-b-186990
Tegel valued at $552-636m as IPO kicks off
Private equity owner to retain 45% post listing.
from
http://www.nbr.co.nz/article/tegel-valued-552-636m-ipo-kicks-th-186983
Holidays Act a 'monster,' says payroll specialist
Frustrated business owners and payroll administrators struggling to get their records in order or understand their obligations. With special feature audio.
from
http://www.nbr.co.nz/article/holidays-act-monster-says-payroll-specialist-cs-p-186964
Wednesday, 30 March 2016
MARKET CLOSE: Shares rise, posts 6.2% quarterly gain
The S&P/NZX gained 38.26 points, or 0.6 percent, to 6,752.42
from
http://www.nbr.co.nz/article/market-close-nz-shares-rise-posts-62-quarterly-gain-b-186970
Dollar may extend rally as Yellen's caution keeps investors wary on greenback
The kiwi climbed as high as 69.64 US cents and traded at 69.02 US cents at 5pm in Wellington.
from
http://www.nbr.co.nz/article/nz-dollar-may-extend-rally-yellens-caution-keeps-investors-wary-greenback-b-186961
Bunnings fails PR 101
Repeat after me: Silence is not golden. With special feature audio.
from
http://www.nbr.co.nz/article/bunnings-fails-pr-101-ng-p-186931
Oceania Natural has its sights firmly set on China
The first company listing of the year says it can be a 'bridge' between China and New Zealand.
from
http://www.nbr.co.nz/article/oceania-natural-has-its-sights-firmly-set-china-cs-p-186929
Market betting against Spierings and Wilson
The dairy futures market has recently changed its tune on dairy prices for later this year.
from
http://www.nbr.co.nz/article/market-betting-against-spierings-and-wilson-jw-p-186928
Life insurance seen as good move for Southern Cross
Expert says many clients may already think health insurer offers life insurance policies.
from
http://www.nbr.co.nz/article/life-insurance-seen-good-move-southern-cross-ca-p-186914
Graeme Hart's latest super yacht launches in Norway
Norwegian shipyard Kleven Verft has launched another mega yacht on order for NBR Rich Lister Graeme Hart.
from
http://www.nbr.co.nz/article/graeme-harts-latest-super-yacht-launches-norway-186908
New milk products place Synlait on trajectory for record profit results
The news isn't quite so good for suppliers who may see a further cut in payouts.
from
http://www.nbr.co.nz/article/new-milk-products-place-synlait-trajectory-record-profit-results-ch-p-186913
CBL announces first dividend payment since October listing
The board did not declare a dividend in February when it reported its annual results for the year ended December 31, 2015.
from
http://www.nbr.co.nz/article/cbl-announces-first-dividend-payment-october-listing-b-186902
Oceania Natural shares jump 16% in NXT debut
UPDATED: The shares traded at 74 cents on the NZX's small-cap market.
from
http://www.nbr.co.nz/article/new-nxt-listing-oceania-natural-leans-china-potential-b-186894
Carry on: Dubai imposes airport charge, Emirates extends online check-in and more
Business travel news also includes Singapore Airlines-Air China codeshare and Boeing's Chinese hacker.
from
http://www.nbr.co.nz/article/carry-dubai-imposes-airport-charge-emirates-extends-checkin-and-more-ng-p-186897
Synlait first-half profit jumps on boom in A2 Milk infant formula sales
Underlying net profit was $12.3 million for the six months ended January 31.
from
http://www.nbr.co.nz/article/synlait-first-half-profit-jumps-boom-a2-milk-infant-formula-sales-b-186882
Editor's Insight: California dreamin' becomes more affordable
Airline competition has returned to the Los Angeles-Auckland route. With special feature audio.
from
http://www.nbr.co.nz/opinion/editors-insight-california-dreaming-becomes-more-affordable-ng
The Entrepreneur Mindset
Here’s Richard Liew’s version of the entrepreneur mindset. What is it that keeps you going? What is your underlying “Why?” and what does your personal ...
The post The Entrepreneur Mindset appeared first on NZ Entrepreneur.
from
http://nzentrepreneur.co.nz/the-entrepreneur-mindset/
Dollar jumps above US69c as US dollar weakness prevails
The kiwi touched 69.64 US cents and was trading at 69.34 cents at 8am in Wellington.
from
http://www.nbr.co.nz/article/nz-dollar-jumps-above-69-us-cents-us-dollar-weakness-prevails-b-186879
JBS gets OIO approval to take majority stake in Scott Technology
Scott Technology says its scheme of arrangement with JBS Australia had been signed off by the OIO.
from
http://www.nbr.co.nz/article/jbs-gets-oio-approval-take-majority-stake-scott-technology-b-186867
What will Air NZ do with its extra cash?
Analysts weigh in on the likelihood of a full exit from Virgin.
from
http://www.nbr.co.nz/article/what-will-air-nz-do-its-extra-cash-cs-p-186876
Tuesday, 29 March 2016
MARKET CLOSE: Shares rise, health stocks Metlifecare, Ebos, Orion gain
The S&P/NZX 50 Index rose 37.8 points, or 0.6 percent, to 6,714.16.
from
http://www.nbr.co.nz/article/market-close-nz-shares-rise-health-stocks-metlifecare-ebos-orion-gain-b-186866
Dollar holds gain after Yellen's caution dials back rate hike expectations
The kiwi traded at 68.44 US cents at 5pm in Wellington.
from
http://www.nbr.co.nz/article/nz-dollar-holds-gain-after-yellens-caution-dials-back-rate-hike-expectations-b-186864
Air fares tumble on Auckland-LA route as competition arrives
Air New Zealand will lose its monopoly but has already responded with lower fares.
from
http://www.nbr.co.nz/article/air-fares-tumble-auckland-la-route-competition-arrives-ng-p-186857
Westland Milk cuts predicted payout twice in two months
Outgoing Westland Milk Products boss warns of more dairy pain.
from
http://www.nbr.co.nz/article/westland-milk-cuts-predicted-payout-twice-two-months-b-186856
Air NZ looks to jettison Virgin stake
Air NZ's CEO abruptly quits Virgin's board.
from
http://www.nbr.co.nz/article/air-nz-looks-getting-rid-virgin-stake-cs-186850
Farmers shoot down funding request from report they funded
Two years after voting to fund a $240,000 report, Beef & Lamb farmers have voted down a remit to implement its recommendations.
from
http://www.nbr.co.nz/article/farmers-shoot-down-funding-request-report-they-funded-jw-p-186847
Michael Hill: No foreseeable exit of US stores
The jeweller says lessons are being learned from the tricky expansion.
from
http://www.nbr.co.nz/article/michael-hill-no-foreseeable-exit-us-stores-cs-p-186848
Takeovers Code gives Chows room to waive mop-up provisions
Takeovers Panel chief executive Margaret Bearsley said the voluntary path was built into the Takeovers Code.
from
http://www.nbr.co.nz/article/takeovers-code-gives-chows-room-waive-mop-provisions-b-186844
Countdown mum on Homebrand retirement
Progressive Enterprises' parent facing intense competition across the Ditch could have flow-on effects here.
from
http://www.nbr.co.nz/article/countdown-mum-homebrand-retirement-cg-p-186840
Regional confidence drops on dairy woes
The Westpac McDermott Miller Regional Economic Confidence Survey showed decreased optimism across all regions except Gisborne/Hawke's Bay in the first three months of 2016.
from
http://www.nbr.co.nz/article/nz-regional-confidence-drops-dairy-woes-b-186836
Intueri's accounts tagged by auditor over going concern uncertainty
The private training provider posted a $48.5 million loss in calendar 2015.
from
http://www.nbr.co.nz/article/intueris-accounts-tagged-auditor-over-going-concern-uncertainty-b-186833
Dollar jumps 1USc overnight after Yellen signals caution
The kiwi jumped to 68.57USc at 8am in Wellington.
from
http://www.nbr.co.nz/article/nz-dollar-jumps-1usc-overnight-after-yellen-signals-caution-b-186826
Z Energy to get $9.5m repayment from Customs over co-mingled fuels dispute
Last September Z said it made a $23 million payment to Customs.
from
http://www.nbr.co.nz/article/z-energy-get-95m-repayment-customs-over-co-mingled-fuels-dispute-b-186821
OPINION: Hiding from the taxman
OPINION: Gareth Morgan on Rodney Hide's view that multinationals equilibrate their after-tax returns across all the markets they operate in.
from
http://www.nbr.co.nz/opinion/hiding-taxman-gm
Monday, 28 March 2016
MARKET CLOSE: Shares mixed as Meridian, Z gain, A2, ANZ, Westpac drop
The S&P/NZX 50 Index rose 13.8 points, or 0.2 percent, to 6,676.33.
from
http://www.nbr.co.nz/article/market-close-shares-mixed-meridian-z-gain-a2-anz-westpac-drop-b-186822
Dollar gains as traders await US Fed chair Yellen's speech
The kiwi rose to 67.51 US cents at 5pm in Wellington.
from
http://www.nbr.co.nz/article/nz-dollar-gains-traders-await-us-fed-chair-yellens-speech-b-186819
Union blindsided by latest NZ Post job cuts, expects more to come
Joe Gallagher said he got no formal notification from NZ Post.
from
http://www.nbr.co.nz/article/union-blindsided-latest-nz-post-job-cuts-expects-more-come-b-186817
NZ Post to cut 500 jobs
Managerial and specialist roles at head office and support roles to be cut.
from
http://www.nbr.co.nz/article/nz-post-cut-500-jobs-186807
Oceania CEO Earl Gasparich says company not headed for IPO
Chief executive Earl Gasparich said the AFR story was "just speculative".
from
http://www.nbr.co.nz/article/oceania-ceo-earl-gasparich-says-company-not-headed-ipo-b-186803
Trilogy's Buglass takes advantage of near-record price to sell shares
Angela Buglass sold shares this month at prices ranging from $3.30 to $3.469.
from
http://www.nbr.co.nz/article/trilogys-buglass-takes-advantage-near-record-price-sell-shares-b-186799
Consultancy contract no barrier to director independence: NZX
NZ Windfarms chairman clarifies status on short-term Vector contract.
from
http://www.nbr.co.nz/article/consultancy-contract-no-barrier-director-independence-nzx-th-p-186791
NZ dollar gains as soft US inflation clouds Fed's rate hike outlook
The kiwi rose to 67.24USc at 8am in Wellington.
from
http://www.nbr.co.nz/article/nz-dollar-gains-soft-us-inflation-clouds-feds-rate-hike-outlook-b-186790
New research reveals just how much directors are getting paid
Directors' fees are often contentious, especially when the company is going down the gurgler. With special feature audio.
from
http://www.nbr.co.nz/article/new-research-reveals-just-how-much-directors-are-getting-paid-cs-p-186754
Sunday, 27 March 2016
Heartland: Fonterra needs a circuit-breaker to restore confidence
A change in culture, strategy and, in some cases, people, would allow confidence to return
from
http://www.nbr.co.nz/opinion/heartland-fonterra-needs-circuit-breaker-restore-confidence
Thursday, 24 March 2016
While you were sleeping: Wells Fargo share drop
Equities on both sides of the Atlantic moved lower before the Easter long weekend.
from
http://www.nbr.co.nz/article/while-you-were-sleeping-wells-fargo-share-drop-b-186761
Wednesday, 23 March 2016
MARKET CLOSE: NZ shares dip; banks suffer as ANZ expands bad debt provisions
The S&P/NZX 50 Index shed 6.3 points, or 0.1 percent, to 6,662.54.
from
http://www.nbr.co.nz/article/market-close-nz-shares-dip-banks-suffer-anz-expands-bad-debt-provisions-b-186759
Can India capitalise on its economic transformation?
OPINION: India's progress over recent decades has been impressive. Carrying that on, however, may prove to be a challenge.
from
http://www.nbr.co.nz/opinion/can-india-capitalise-its-economic-transformation-sk
Dollar heads for 1.4% decline in short week as traders rethink Fed rates
The kiwi fell to 66.98 US cents from 67.94 cents on Friday.
from
http://www.nbr.co.nz/article/nz-dollar-heads-14-decline-short-week-traders-rethink-fed-rates-b-186756
NZ Refining suffers $8m hydrocracker problem
NZ Refining said a planned shutdown of the hydrocracker and related units to replace some of the catalyst.
from
http://www.nbr.co.nz/article/nz-refining-suffers-8-million-hydrocracker-problem-b-186750
First NZ Capital still 'neutral' on Fonterra Shareholders' Fund
Units in the fund rose 0.5% to $5.91, just above the report's $5.88 target price.
from
http://www.nbr.co.nz/article/first-nz-capital-still-neutral-fonterra-shareholders-fund-b-186745
Carry on: AirAsia X restores long-haul budget travel to Asia, Mid-East
In other news for business travellers, Air New Zealand beefs up its Houston service..
from
http://www.nbr.co.nz/article/carry-airasia-x-restores-long-haul-budget-travel-asia-mid-east-ng-186739
Please lord, save us from the stadium enthusiasts
The stadium virus has returned. With special feature audio.
from
http://www.nbr.co.nz/opinion/please-lord-save-us-stadium-enthusiasts-th
FMG Insurance doing good but questions linger over structure
For the past week and into next month 20 men and women with strong connections to rural New Zealand are on a cycle tour of the country.
from
http://www.nbr.co.nz/article/fmg-insurance-doing-good-questions-linger-over-structure-p-186737
OPINION: Chop suey, green hats and other cultural clangers
OPINION: It's too easy for politicians to be culturally offensive.
from
http://www.nbr.co.nz/article/opinion-chop-suey-green-hats-and-other-cultural-clangers-rh-186710
Industry's conduct ‘better than it’s ever been’ – Insurance Council
Consumer NZ's "answer to everything is to get the government to regulate" but that's unnecessary in this case, insists Tim Grafton.
from
http://www.nbr.co.nz/article/industrys-conduct-better-it-ever-been-insurance-council-ng-p-186731
New Zealand’s contribution to climate change commitments
OPINION: Briony Bennett on climate change.
from
http://www.nbr.co.nz/article/new-zealand-contribution-climate-change-commitments-bb-186516
Wool prices decline at auction as demand wanes
Coarse crossbred wool was steady to 4 percent cheaper at an average $5.69 per kilogram at yesterday's South Island auction.
from
http://www.nbr.co.nz/article/nz-wool-prices-decline-auction-demand-wanes-b-186724
AFT gets first step of US approval for Maxigesic IV
The intravenous of its popular painkiller has been approved by the FDA.
from
http://www.nbr.co.nz/article/aft-gets-first-step-us-approval-maxigesic-iv-b-186715
NZ posts bigger-than-forecast trade surplus in February
Exports were bolstered by a $267 million drilling platform.
from
http://www.nbr.co.nz/article/nz-posts-bigger-forecast-trade-surplus-february-b-186714
Scales deal on ice as overseas investor stake tallied
The OIO still sifting through who's an overseas investor, delays Chinese investment.
from
http://www.nbr.co.nz/article/scales-deal-ice-overseas-investor-stake-tallied-cs-p-186708
Brussels bombings: Attackers identified, manhunt continues for one suspect
Two brothers were among the three suicide bombers.
from
http://www.nbr.co.nz/article/brussels-bombings-attackers-identified-manhunt-continues-one-suspect-ng-186701
Youi allegations indicate need for effective insurance industry oversight – Consumer NZ
"I don’t think the industry has shown it acts necessarily in good faith," says Sue Chetwin. With special feature audio.
from
http://www.nbr.co.nz/article/youi-allegations-indicate-need-effective-insurance-industry-oversight-consumer-nz-ng-p
Dollar falls as Fed dissenters talk up prospects for future US rate hikes
The kiwi dropped to 67.07USc at 8am in Wellington.
from
http://www.nbr.co.nz/article/nz-dollar-falls-fed-dissenters-talk-prospects-future-us-rate-hikes-b-186700
’Maori painkiller’ being grown in plantations
Forest Herbs Research will launch a new hygiene product in the next few weeks.
from
http://www.nbr.co.nz/article/maori-painkiller-being-grown-plantations-ch-186681
While you were sleeping: Nike outlook misses
The Dow fell as slides in shares of Nike and those of Chevron.
from
http://www.nbr.co.nz/article/while-you-were-sleeping-nike-outlook-misses-b-186698
Equity crowdfunding moves away from the public eye
The popular fundraising method, 18 months on from becoming legal, is evolving. With special feature audio.
from
http://www.nbr.co.nz/article/equity-crowdfunding-moves-away-public-eye-cs-p-186686
Tuesday, 22 March 2016
MARKET CLOSE: NZ shares hit fresh high; Orion, Spark gain while Fonterra Fund drops
The S&P/NZX50 Index rose 4.6 points, or 0.1 percent, to 6,668.87.
from
http://www.nbr.co.nz/article/market-close-nz-shares-hit-fresh-high-orion-spark-gain-while-fonterra-fund-drops-b-186695
Hallenstein Glasson first half profit drops 21%
Warns on mild autumn and weaker kiwi.
from
http://www.nbr.co.nz/article/hallenstein-glasson-1h-profit-drops-21-warns-mild-autumn-and-weaker-kiwi-b-186691
Dollar little changed in short Easter week after dipping in wake of Brussels attacks
The local currency traded at 67.32 US cents at 5pm in Wellington.
from
http://www.nbr.co.nz/article/nz-dollar-little-changed-short-easter-week-after-dipping-wake-brussels-attacks-b-186690
Auckland Council raises $250m selling four-year bonds at record-low coupon of 3.04%
The council set the coupon at 60 basis points over the comparable swap rate.
from
http://www.nbr.co.nz/article/auckland-council-raises-250-mln-selling-four-year-bonds-record-low-coupon-304-b-186687
Positives in 'prudent' Fonterra result, say analysts
Fonterra has admitted it considered another round of interest-free loans to its farmers but ultimately decided bringing forward dividends was a better option. With special audio feature.
from
http://www.nbr.co.nz/article/positives-prudent-fonterra-result-say-analysts-jw-186672
ComCom says no-no to Easter Sunday surcharges
Only Good Friday and Easter Monday are public holidays.
from
http://www.nbr.co.nz/article/comcom-says-no-no-easter-sunday-surcharges-186675
Labour looks to 'limited trial' of universal basic income
'Ten big ideas' for Labour to take to the next election.
from
http://www.nbr.co.nz/article/labour-looks-limited-trial-universal-basic-income-b-186651
Sheepmilk joint venture to expand after it pre-sold first season's production
The company produced about 60,000 of its branded 700-gram consumer cans as Spring Sheep comes to the end of its first August-to-March season.
from
http://www.nbr.co.nz/article/sheepmilk-joint-venture-expand-after-it-pre-sold-first-seasons-production-b-186652
Fonterra reaped $50-70m benefit from extending supplier payments
Theo Spierings said the three-month payment policy was introduced because Fonterra had a $150 per tonne disadvantage from route to market and had to wait six months before it got paid.
from
http://www.nbr.co.nz/article/fonterra-reaped-50-70m-benefit-extending-supplier-payments-b-186649
A dollar each way on minimum income concept
NBR readers are divided on whether the Labour Party's basic minimum wage idea is even worth considering or whether it's just fantasy-land stuff.
from
http://www.nbr.co.nz/article/dollar-each-way-minimum-income-concept-jr-p-186622
Passenger numbers keep rising at Auckland Airport
Domestic passengers rose 18.6% to a record 700,513 in February.
from
http://www.nbr.co.nz/article/passenger-numbers-keep-rising-auckland-airport-ng-p-186613
Intueri delays $A5m acquisition payment
Earn-out higher than expected from new Australian subsidiary.
from
http://www.nbr.co.nz/article/intueri-delays-a5m-acquisition-payment-th-p-186618
NZOG, Tag, Beach partnership to surrender offshore Kaheru permit
The joint venture today applied to surrender the permit.
from
http://www.nbr.co.nz/article/nzog-tag-beach-partnership-surrender-offshore-kaheru-permit-b-186616
1080 blackmailer jailed, cost Fonterra $20m
The businessman behind the 1080 blackmail threat caused damages in excess of $37 million.
from
http://www.nbr.co.nz/article/1080-blackmailer-jailed-cost-fonterra-20m-hm-186614
Manuka honey products maker Oceania Natural next NXT listing
Oceania Natural is expected to list about 25.7 million shares at 64 cents apiece on the NXT board on March 31.
from
http://www.nbr.co.nz/article/manuka-honey-products-maker-oceania-natural-next-nxt-listing-b-186612
Could sumptuous salmon rival tarnished dairy white gold?
With a fraction of the area devoted to dairy farming, the salmon farming industry could create enormous value. With special feature audio
from
http://www.nbr.co.nz/article/could-sumptuous-salmon-rival-tarnished-white-dairy-gold-jr-p-186604
Fonterra’s profit jumps 123%
Announces dividend designed to help farmers.
from
http://www.nbr.co.nz/article/fonterra-profit-jumps-123-jw-186603
Dollar drops after Belgium terrorist attacks
Investors seeks safe haven investments.
from
http://www.nbr.co.nz/article/nz-dollar-declines-after-belgium-terrorist-attacks-prompt-flight-safety-b-186606
Sir Ray Avery seeks $4 million for Vigil Monitoring global push
Serial inventor says his latest product, and a cloud service that lets others "look in" on a person's health, will not only shake-up home monitoring but the health and life insurance industries too. With special feature audio.
from
http://www.nbr.co.nz/vigil-ck-p-186605
Kiwis mostly shielded from food price volatility
Experts say there is a lot more volatility to come in the global food market. With special feature audio.
from
http://www.nbr.co.nz/article/nzers-mostly-shielded-food-price-volatility-jw-p-186587
Editor’s Insight: Bigger is better, say hotel chains to disruptors
A new merger will create the world's largest accommodation company. With special audio feature.
from
http://www.nbr.co.nz/opinion/editor-insight-bigger-better-say-hotel-chains-disruptors-ng
PM's comments on dairy – do they stack up?
PPB Advisory director David Jones and ANZ rural economist Con Williams respond to Mr Key's upbeat dairy predictions.
from
http://www.nbr.co.nz/article/pms-comments-dairy-do-they-stack-jw-p-186596
1080 blackmailer to be sentenced today
Jeremy Hamish Kerr was recently found to have been financially motivated.
from
http://www.nbr.co.nz/article/1080-blackmailer-be-sentenced-today-hm-186594
While you were sleeping: Markets steady after Brussels attacks
"The market appears to be more resilient than you'd expect after a terrorist attack."
from
http://www.nbr.co.nz/article/while-you-were-sleeping-markets-steady-after-brussels-attacks-b-186600
Monday, 21 March 2016
MARKET CLOSE: NZ shares rise on Meridian's smelter deadline, Kathmandu earnings
The S&P/NZX 50 Index grew 22.3 points, or 0.3 percent, to 6,664.26.
from
http://www.nbr.co.nz/article/market-close-nz-shares-rise-meridians-smelter-deadline-kathmandu-earnings-b-186598
Yield on Hart's UCI junk bonds spikes, Moody's cuts rating after missing payment
Moody's said restructuring the company's capital could potentially improve the rating.
from
http://www.nbr.co.nz/article/yield-harts-uci-junk-bonds-spikes-moodys-cuts-rating-after-missing-payment-b-186597
Dollar little changed as Fed's path comes back into view
The kiwi traded at 67.68 US cents at 5pm in Wellington.
from
http://www.nbr.co.nz/article/nz-dollar-little-changed-feds-path-comes-back-view-weakening-greenback-b-186595
Meridian, NZAS push out notice period for reducing power supply
Extension allows NZAS more time to evaluate its future capital requirements.
from
http://www.nbr.co.nz/article/meridian-nzas-extend-400mw-notice-period-year-b-186583
GeoOp: Where are the key figures?
Venture capitalist says GeoOp is falling “well short of” or not reporting essential SaaS metrics. With special audio feature.
from
http://www.nbr.co.nz/article/geoop-where-are-key-figures-cg-p-186570
Kathmandu's interim profit up 622% as product and costs controlled
Has Kathmandu turned the corner after a period of struggle and restructure? With special feature audio.
from
http://www.nbr.co.nz/article/kathmandus-interim-profit-622-product-and-costs-controlled-cs-p-186582
Enphase opens new plant ahead of product launch
It is the largest Enphase facility outside the US.
from
http://www.nbr.co.nz/article/enphase-opens-new-plant-ahead-product-launch-ch-186559
Key confident lower dairy prices are temporary
Prices have remained lower for longer than expected, putting pressure on dairy farmer incomes, dairy debt levels and spending in rural communities.
from
http://www.nbr.co.nz/article/nz-pm-key-says-low-dairy-prices-will-rebound-asian-demand-recovers-b-186575
Pumpkin Patch: Death by a thousand cuts
The retailer reports another loss as it tries to regain lost ground – is there any hope left? With special feature audio.
from
http://www.nbr.co.nz/article/pumpkin-patch-death-thousand-cuts-cs-p-186567
Kathmandu turns to first-half profit as margins widen
Profit was $9.4 million in the six months ended January 31.
from
http://www.nbr.co.nz/article/kathmandu-turns-first-half-profit-margins-widen-b-186565
Government subsidies prop up Fonterra’s Chinese partner
But Beingmate founder surprisingly bullish on dairy prices.
from
http://www.nbr.co.nz/article/government-subsidies-prop-fonterra-chinese-partner-db-p-186561
Dollar little changed as US dollar recovers ground after Fed meeting
The kiwi was at 67.65USc at 8am in Wellington.
from
http://www.nbr.co.nz/article/nz-dollar-little-changed-us-dollar-recovers-ground-after-fed-meeting-b-186555
NZ universities lift rankings in world survey of subjects
The University of Auckland is the country's top performer, with 21 subjects in the top 50.
from
http://www.nbr.co.nz/article/nz-universities-lift-rankings-world-survey-subjects-ng-186547
Sunday, 20 March 2016
MARKET CLOSE: Shares continue record ascent; F&P Healthcare, Goodman Property, Steel & Tube
The NZX 50 rose 18.44 points, or 0.3 percent, to 6,641.94.
from
http://www.nbr.co.nz/article/market-close-nz-shares-continue-record-ascent-fp-healthcare-goodman-property-steel-tube-b
Website woes add to retailer Pumpkin Patch's problems
Sales in the six months to Jan. 31 fell 16 percent to $102.8 million from the same period a year earlier.
from
http://www.nbr.co.nz/article/website-woes-add-retailer-pumpkin-patchs-problems-b-186542
Dollar falls as investors take stock in shortened week after Fed scare
The kiwi dropped to 67.63 US cents at 5pm in Wellington.
from
http://www.nbr.co.nz/article/nz-dollar-falls-investors-take-stock-shortened-week-after-fed-scare-b-186541
Graeme Hart's UCI gets reprieve from bondholders after missing payment
The auto parts business had already exercised a 30-day grace period to put off paying the half-yearly installment on the bond's 8.63% interest payment which expired last week.
from
http://www.nbr.co.nz/article/graeme-harts-uci-gets-reprieve-bondholders-after-missing-payment-b-186533
Editor’s Insight: Commodities plunge slashes world capital spending
The latest Standard & Poor's analysis shows pending down 25% in some sectors.
from
http://www.nbr.co.nz/opinion/editors-insight-commodities-plunge-slashes-world-capital-spending-ng
Westpac: Labour's minimum basic income policy could be a goer
Bank's chief economist says basic minimum income idea is worth a close look. With special audio feature.
from
http://www.nbr.co.nz/article/westpac-labours-minimum-basic-income-policy-could-be-goer-jr-p-186525
NZ dollar outlook: Kiwi may range trade in shortened Easter week
The kiwi will probably trade between 65.80USc and 69.50USc this week.
from
http://www.nbr.co.nz/article/nz-dollar-outlook-kiwi-may-range-trade-shortened-easter-week-b-186519
Government's oil exploration block offer likely to be overshadowed by those in other countries, analyst
Suzannah Toulmin, the keynote speaker at today's NZ Petroleum Conference said Mexico had a lot of potential and proven discoveries that were de-risked by what's also on offer on the US side of the border.
from
http://www.nbr.co.nz/article/governments-oil-exploration-block-offer-likely-be-overshadowed-those-other-countries-analyst
Air NZ among Virgin shareholders providing $A425m loan
Air NZ's share of the loan is $A231.2 million.
from
http://www.nbr.co.nz/article/air-nz-among-virgin-shareholders-providing-a425m-loan-b-186514
Forest harvest volumes fall in 2015 for first time in seven years
The country harvested 38,896,354 cubic metres of wood, mostly radiata pine, last year.
from
http://www.nbr.co.nz/article/nz-forest-harvest-volumes-fall-2015-first-time-seven-years-b-186512
NZ again seeks to attract interest in oil exploration blocks
Energy Minister Simon Bridges announced Block Offer 2016 at the petroleum conference in Auckland.
from
http://www.nbr.co.nz/article/nz-again-seeks-attract-interest-oil-exploration-blocks-b-186510
Vista shares sold at $5.30 apiece, bringing new investors to register
Twenty shareholders sold about 20.4 million shares in an underwritten bookbuild.
from
http://www.nbr.co.nz/article/vista-shares-sold-530-apiece-bringing-new-investors-register-b-186508
NZ export log prices slip on higher shipping rates, weak overseas demand
New Zealand export log prices slid this month as shipping rates edged up on higher oil prices and amid weak demand in overseas markets.
from
http://www.nbr.co.nz/article/nz-export-log-prices-slip-higher-shipping-rates-weak-overseas-demand-b-186506
Taxing multinationals: sentiment vs sensible lawmaking
In the most recent year, multinationals paid a little more than $10 billion: 15.1% of the total tax take.
from
http://www.nbr.co.nz/opinion/taxing-multinationals-sentiment-vs-sensible-lawmaking
Opinion: Water gives life to the economy
OPINION: The dairy downturn emphasises the need for more, not less, irrigation.
from
http://www.nbr.co.nz/article/opinion-water-gives-life-economy-186487
Earnings preview: Fonterra shareholders vs unitholders
There is an ever increasing divide between the two parties, made wider by the issue of farmer support loans.
from
http://www.nbr.co.nz/article/fonterra-shareholders-vs-unitholders-jw-p-186485
Farmers cock a snoot at effluent, water rules
There were no prosecutions against farmers.
from
http://www.nbr.co.nz/article/farmers-cock-snoot-effluent-water-rules-ch-p-186463
NZ dollar weakens as traders deem US dollar decline was overdone
The kiwi was trading at 67.96USc at 8am in Wellington, from 67.94USc at the New York close and 68.36USc at 5pm on Friday
from
http://www.nbr.co.nz/article/nz-dollar-weakens-traders-deem-us-dollar-decline-was-overdone-b-186502
'Coca Cola Coleman' will change his tune on sugar tax
Should New Zealand introduce a sugar tax? NBR subscribers weigh in.
from
http://www.nbr.co.nz/article/coca-cola-coleman-will-change-his-tune-sugar-tax-ca-p-186501
World Week Ahead: Reading the Fed’s tea leaves
The Fed's hint at two, instead of the four predicted in December-rate hikes in 2016 bolstered sentiment on Wall Street.
from
http://www.nbr.co.nz/article/world-week-ahead-reading-fed%E2%80%99s-tea-leaves-b-186500
Saturday, 19 March 2016
Obsidian vs Immortals - Paintball NZ
from Against All Odds Paintball http://www.youtube.com/watch?v=xLlclu4CyvM
from
http://againstalloddspaintball.tumblr.com/post/141352878914
Thursday, 17 March 2016
MARKET CLOSE: Half billion dollar day for NZX as 7.5% of Sky TV changes hands
The S&P/NZX 50 Index rose 50.06 points, or 0.8 percent, to 6,623.51.
from
http://www.nbr.co.nz/article/market-close-half-billion-dollar-day-nzx-75-sky-tv-changes-hands-b-186489
Dollar heads for 1.3% weekly gain as greenback falls on Fed outlook
The kiwi rose to 68.39 US cents at 5pm in Wellington.
from
http://www.nbr.co.nz/article/nz-dollar-heads-13-weekly-gain-greenback-falls-fed-outlook-b-186488
Sunday Business & Week in Review
Sunday Business with Andrew Patterson brings comprehensive coverage of the business week including analysis, commentary and feature-length interviews with those making the news.
from
http://www.nbr.co.nz/weekend-specials
Carry on: Queenstown’s new Snooze, Hong Kong boosts for Qantas and more
Business traveller news also includes new Changi hub for Air Mauritius and Qantas' extra flights to Hong Kong.
from
http://www.nbr.co.nz/article/carry-queenstown-new-snooze-hong-kong-boosts-qantas-and-more-ng-186484
Wool prices mixed with volumes seen declining near season end
Crossbred second-shear wool was generally steady to 3.5 percent cheaper at an average $5.60 per kilogram at auction yesterday.
from
http://www.nbr.co.nz/article/nz-wool-prices-mixed-volumes-seen-declining-near-season-end-b-186483
Tegel: A flavour of chicken stock
Private equity is like one of those brown dogs with a big head and little legs. With special audio feature.
from
http://www.nbr.co.nz/opinion/tegel-flavour-chicken-stock-th
OPINION: Health and safety doesn’t have to be complex
OPINION: Contact energy's Tania Palmer on the Health and Safety at Work Act.
from
http://www.nbr.co.nz/article/opinion-health-and-safety-doesn%E2%80%99t-have-be-complex-186479
Why farmers pay higher interest on loans
OPINION: Stephen Franks on specialist farm lending.
from
http://www.nbr.co.nz/opinion/why-farmers-pay-higher-interest-loans-sf
I’m gonna sit right down and get myself a mortgage…
OPINION: Brian Edwards on economics.
from
http://www.nbr.co.nz/opinion/im-gonna-sit-right-down-and-get-myself-mortgage-be
Why do we feel broke all the time?
OPINION: Your debts probably can't be saved, so perhaps you should think of your great-grandchildren.
from
http://www.nbr.co.nz/opinion/why-do-we-feel-broke-all-time-ns
Macroeconomic round up: The Fed sounding more and more dovish
Jason Walls breaks down the week's biggest news in macroeconomics. With special audio feature.
from
http://www.nbr.co.nz/article/macroeconomic-round-fed-sounding-more-and-more-dovish-nr-186462
Millions in related party debt outstanding from taxpayer-backed fund
Property in Coromandel and Queenstown linked to Rich Lister’s loans.
from
http://www.nbr.co.nz/article/millions-related-party-debt-outstanding-taxpayer-backed-fund-th-p-186461
What to look out for in Kathmandu, Pumpkin Patch and Hallenstein results
Which is expected to perform the worst out of the listed retailers?
from
http://www.nbr.co.nz/article/what-look-out-kathmandu-pumpkin-patch-and-hallenstein-results-cs-p-186451
Govt complacency leaves NZ forest industry out on a limb
No back up from government on non-tariff trade barriers, says Wood Council chairman. With special audio feature.
from
http://www.nbr.co.nz/article/govt-complacency-leaves-nz-forest-industry-out-limb-ng-p-186452
Chows' management fee structure questioned
Perceived lack of alignment between management company and shareholding company.
from
http://www.nbr.co.nz/article/chows-management-fee-structure-questioned-sl-p-186444
NZ dollar hits highest level this year
The local currency touched 68.68USc.
from
http://www.nbr.co.nz/article/nz-dollar-hits-highest-level-year-b-186433
Bank stress tests don't pick up wider economic impacts of a dairy collapse
If the value of dairy farms drops 40%, the rest of the economy is also likely to be in dire straits and banks would probably be facing a funding crisis. With special audio feature.
from
http://www.nbr.co.nz/article/bank-stress-tests-dont-pick-wider-economic-impacts-dairy-collapse-jr-p-186425
La Lola folds after a year
Spanish clothing retailer flees New Zealand, leaving suppliers and shopfitters unpaid.
from
http://www.nbr.co.nz/article/la-lola-folds-after-year-cg-p-186420
Sharing the love looms large for Maori, bumper Fonterra result beckons, Auckland Council’s lobby interests face clamping
What's in your National Business Review print edition this week.
from
http://www.nbr.co.nz/article/sharing-love-looms-large-maori-bumper-fonterra-result-beckons-auckland-council-lobby
Strong economic growth not good enough – experts
A cut to the OCR is still well and truly on the cards for the Reserve Bank.
from
http://www.nbr.co.nz/article/strong-economic-growth-not-good-enough-experts-jw-p-186414
Banks’ estimates of their dairy farmer customers are too optimistic: economist
Dairy farmers' sustainable break-even levels are higher than their bankers have estimated, says an agricultural economist. With special audio feature.
from
http://www.nbr.co.nz/article/banks-estimates-their-dairy-farmer-customers-are-too-optimistic-economist-jr-p-186378
While you were sleeping: Wall St, commodities climb
The US dollar weakened on the prospect of fewer US rate hikes.
from
http://www.nbr.co.nz/article/while-you-were-sleeping-wall-st-commodities-climb-b-186424
Wednesday, 16 March 2016
MARKET CLOSE: Shares rise, but Steel & Tube falls
The S&P/NZX 50 advanced 10.5 points, or 0.16 percent, to 6,573.46.
from
http://www.nbr.co.nz/article/market-close-shares-rise-steel-tube-falls-b-186422
Dollar jumped to week high as economy beats expectations
The kiwi rose as high as 67.80 US cents, trading at 67.72 at 5pm in Wellington.
from
http://www.nbr.co.nz/article/nz-dollar-jumped-week-high-economy-beats-expectations-fed-gloomy-b-186417
Taxation not part of obesity equation – Beverage Council
The head of the local beverage council says the UK's move is "disappointing."
from
http://www.nbr.co.nz/article/taxation-not-part-obesity-equation-beverage-council-ca-186415
Rabobank NZ boss defines bank's dairy exposure
The bank wrote off $32.2 million of impaired assets for rural and small to medium business clients last year, up 87% on the year before.
from
http://www.nbr.co.nz/article/rabobank-nz-boss-defines-banks-dairy-exposure-jw-p-186370
Mad Butcher store owes more than $1m
"Poor trading conditions" caused Mt Wellington store's liquidation.
from
http://www.nbr.co.nz/article/mad-butcher-store-owes-more-1m-hm-p-186353
Takeovers Panel asks Chows who they sold shares to
The Chows reduced their holding to 88.6% from 91.6% through a series of transactions last week.
from
http://www.nbr.co.nz/article/takeovers-panel-asks-chows-who-they-sold-shares-b-186368
Can you tax a nation slim?
"Sweet things are tempting, and governments can find delicious those taxes that raise revenue while drawing applause from doctors."
from
http://www.nbr.co.nz/article/can-you-tax-nation-slim-ca-186347
Opt-out pricing campaigner says Jetstar agreement 'not good enough'
Jetstar avoids prosecution over opt-out pricing methods, but lawyer says this sends the wrong message. With special audio feature.
from
http://www.nbr.co.nz/article/opt-out-pricing-campaigner-says-jetstar-agreement-not-good-enough-cs-p-186360
Regulator probes Steel & Tube's misuse of logo on steel mesh certificates
Steel & Tube CEO Dave Taylor said that Holmes Solutions had been involved in developing the testing regime for the product.
from
http://www.nbr.co.nz/article/regulator-probes-steel-tubes-misuse-logo-steel-mesh-certificates-b-186349
Economy grows faster-than-forecast 0.9% in 4th quarter on business services
Gross domestic product expanded 0.9 percent in the three months ended Dec. 31.
from
http://www.nbr.co.nz/article/nz-economy-grows-faster-forecast-09-4th-quarter-business-services-retail-kiwi-jumps-b-186345
The Warehouse reports online sales ahead of domestic levels
The listed retailer says second quarter online sales growth was strong.
from
http://www.nbr.co.nz/article/warehouse-reports-online-sales-ahead-domestic-levels-cs-186352
Dollar shoots back up to pre OCR cut territory
Disappointing news for Reserve Bank governor Graeme Wheeler, who was banking on a lower kiwi dollar.
from
http://www.nbr.co.nz/article/dollar-shoots-back-pre-ocr-cut-territory-jw-p-186340
Jetstar caves in as watchdog bares its teeth
The airline had held out as other companies fell into line with the regulator last year.
from
http://www.nbr.co.nz/article/jetstar-caves-watchdog-bares-its-teeth-b-186341
Customer deposits and the vulnerability of gift cards – how do we keep on giving?
OPINION: McGrathNicol NZ's William Black on Dick Smith.
from
http://www.nbr.co.nz/article/customer-deposits-and-vulnerability-gift-cards-how-do-we-keep-giving-wb-p-186315
Extended warranties pointless – Consumer boss
More about money making than any benefit the buyer, Chetwin warns. With special feature audio.
from
http://www.nbr.co.nz/article/extended-warranties-pointless-%E2%80%93-consumer-boss-ck-p-186336
Editor’s Insight: Chinese takeover spree tops $US100 billion this year
Merger and acquisitions activity already exceeds the total for all of 2015. With special audio feature.
from
http://www.nbr.co.nz/opinion/editor-insight-chinese-takeover-spree-tops-us100-billion-year
Trustees now under the gun over environment, social and governance issues
No longer safe for trustees to assume ESG issues are inherently “non-financial”.
from
http://www.nbr.co.nz/article/trustees-now-under-gun-over-environment-social-and-governance-issues-says-riaa-chair-b
Low milk prices claim more dairying operations
And there could be more to come.
from
http://www.nbr.co.nz/article/low-milk-prices-claim-more-dairying-operations-jw-p-186303
While you were sleeping: Positioning for the Fed
Fed expected to hold interest rates.
from
http://www.nbr.co.nz/article/while-you-were-sleeping-positioning-fed-b-186322
Tuesday, 15 March 2016
MARKET CLOSE: Shares fall, breaking 12-session streak; Xero, Genesis drop, SkyCity and Sky TV gain
The S&P/NZX 50 Index fell 14.9 points, or 0.2 percent, to 6,562.96.
from
http://www.nbr.co.nz/article/market-close-nz-shares-fall-breaking-12-session-streak-xero-genesis-drop-skycity-and-sky-tv
Zespri drops $13.9m provision for China invoicing scandal, ups profit forecast
The forecast profit range is now $32 million to $35 million for the year ending March 31.
from
http://www.nbr.co.nz/article/zespri-drops-139-mln-provision-china-invoicing-scandal-ups-profit-forecast-b-186319
Dollar holds near two-week low ahead of FOMC meeting
The kiwi traded at 66.01 US cents at 5pm in Wellington
from
http://www.nbr.co.nz/article/nz-dollar-holds-near-two-week-low-ahead-fomc-meeting-gdp-data-b-186317
Rugby's financial woes to worsen next year
In order to get provincial unions back to surplus NZ Rugby will increase funding for each by 30%.
from
http://www.nbr.co.nz/article/nz-rugby-turns-full-year-loss-it-increases-provincial-funding-b-186312
Snail mail postage rates increasing
Reduced costs don't help NZ Post's snail mail revenue.
from
http://www.nbr.co.nz/article/nz-post-increasing-postage-rates-186309
Shocking tale of dodgy electrical fittings
The problem is mostly around lighting and cabling. With special feature audio.
from
http://www.nbr.co.nz/article/shocking-tale-dodgy-electrical-fittings-ch-p-186294
New investor might scale to supply partner
No OIO approval for Scales deal needed yet, but possible down the track.
from
http://www.nbr.co.nz/article/scales-hopes-its-new-chinese-investor-will-act-supply-partner-cs-p-186298
Fonterra confirms plan to close Kaikoura cheese plant to boost efficiency
Cheese processing previously done at the Kaikoura site will be split between Fonterra's Lichfield, Clandeboye, Stirling and Whareroa cheese plants.
from
http://www.nbr.co.nz/article/fonterra-confirms-plan-close-kaikoura-cheese-plant-boost-efficiency-b-186290
Tourists help narrow annual current account deficit, offsetting dairy
The annual current account gap was $7.7 billion.
from
http://www.nbr.co.nz/article/tourists-help-narrow-annual-current-account-deficit-offsetting-dairy-b-186287
Chorus to cover brokerage for small shareholders wanting to sell
The company intends to set up a facility where it will sell parcels of 100 shares or less on behalf of those shareholders.
from
http://www.nbr.co.nz/article/chorus-cover-brokerage-small-shareholders-wanting-sell-b-186284
New Dick Smith owner Kogan offers some relief for gift card holders
Maverick Aussie retailer will take over Dick Smith's $A95 million online operation from June.
from
http://www.nbr.co.nz/article/new-dick-smith-owner-kogan-offers-some-relief-gift-card-holders-ck-p-186282
NZ dollar slides to two-week low
The kiwi hit 65.82USc and was trading at 65.92USc at 8am in Wellington.
from
http://www.nbr.co.nz/article/nz-dollar-slides-two-week-low-b-186277
Synlait doubles farmer premiums to $6m but base milk payout may be cut
Synlait managing director John Penno says the company won’t update its payout forecast for the current season until May. With special audio feature.
from
http://www.nbr.co.nz/article/synlait-doubles-farmer-premiums-6m-base-milk-payout-may-be-cut-jr-p-186273
Auckland, Wellington drop on list of world's most expensive cities
Falling currencies and commodities have decreased living costs for expatriates.
from
http://www.nbr.co.nz/article/auckland-wellington-drop-list-worlds-most-expensive-cities-ng-p-186272
Carry on: Flight Centre expands, Air NZ Brisbane lounge opens
News in brief for business travellers.
from
http://www.nbr.co.nz/article/carry-flight-centre-expands-air-nz-brisbane-lounge-opens-ng-p-186258
While you were sleeping: Equities fall with commodities
Wall Street moved lower. In 1.50pm New York trading.
from
http://www.nbr.co.nz/article/while-you-were-sleeping-equities-fall-commodities-b-186271
Editor’s Insight: Reality bites for green startups
Entrepreneurs find it is harder to change the world than they thought. With special audio feature.
from
http://www.nbr.co.nz/opinion/editors-insight-reality-bites-green-startups
Dairy prices fall nearly 3%
The whole milk powder price has fallen in the latest global dairy auction overnight, partially reversing a 1.4% rise two weeks ago.
The average price across all of the products measured by the GlobalDairyTrade index fell by 2.9% to $US2190 a tonne.
Prices remain well short of the break-even range for farmers, who need about $US3000 a tonne.
MORE SOON.
from
http://www.nbr.co.nz/article/dairy-prices-fall-nearly-3-ck-186269
Monday, 14 March 2016
MARKET CLOSE: Shares rise on continued hunger for yield; SkyCity, Freightways up, Skellerup down
The S&P/NZX 50 Index rose 11 points, or 0.2 percent, to 6,577.83.
from
http://www.nbr.co.nz/article/market-close-nz-shares-rise-continued-hunger-yield-skycity-freightways-skellerup-down-b
Dollar rises vs. Australian dollar as futures point to gain at dairy auction
The kiwi rose to 88.91 Australian cents at 5pm in Wellington.
from
http://www.nbr.co.nz/article/nz-dollar-rises-vs-australian-dollar-futures-point-gain-dairy-auction-b-186265
Energy Mad CEO/CFO Ravlich to depart
Today Energy Mad said Paul Ravlich had decided not to accept either appointment and would depart on April 1.
from
http://www.nbr.co.nz/article/energy-mad-ceocfo-ravlich-depart-b-186263
China Resources buys stake in Scales for $56 million
NZs biggest apple exporter says it welcomes the Hong Kong-based company as a significant shareholder.
from
http://www.nbr.co.nz/article/china-resources-buys-stake-scales-56-million-cs-186260
Quality of NZ wool clip leaves exporters scrambling to fill lower-grade fibre orders
Wool is New Zealand's 14th largest export commodity.
from
http://www.nbr.co.nz/article/quality-nz-wool-clip-leaves-exporters-scrambling-fill-lower-grade-fibre-orders-b-186254
MYOB says 21% of small businesses hurt by dairy downturn
It isn't just dairy farmers who are suffering from low milk payouts – about 100,000 small businesses are also being hit, a survey shows. With special audio feature.
from
http://www.nbr.co.nz/article/myob-says-21-small-businesses-hurt-dairy-downturn-jr-p-186250
Senior Trust Management gets licence to run investment scheme
"What this industry requires is patience, and it doesn’t appeal to speculators for that reason," Scott Lester says.
from
http://www.nbr.co.nz/article/senior-trust-management-gets-licence-run-investment-scheme-cs-p-186247
The kiwi dollar heads further south against the Aussie
Analyst says the kiwi/Aussie cross could go as low as 85c. With special audio feature.
from
http://www.nbr.co.nz/article/kiwi-dollar-heads-further-south-against-aussie-jw-p-186249
Devon Funds boosts investment in Vista
Devon increases its stake in cinema software management company to 8.48%.
from
http://www.nbr.co.nz/article/devon-funds-boosts-investment-vista-cg-p-186245
Tainui seeks judicial review of Solid Energy land sales
Defunct coal miner inviting offers for 510ha around Huntly.
from
http://www.nbr.co.nz/article/tainui-seeks-judicial-review-solid-energy-land-sales-b-186243
Synlait recruits more dairy farmers
28 suppliers join South Island milk processor, more on waiting list.
from
http://www.nbr.co.nz/article/synlait-recruits-more-dairy-farmers-b-186240
Currency talk: ‘The market was not ready for a rate cut’
Jason Walls and ASB's Tim Kelleher break down the latest currency news. With special audio feature.
from
http://www.nbr.co.nz/article/currency-talk-market-was-not-ready-rate-cut-nr-186221
Another Mad Butcher falls into liquidation
At least nine Mad Butcher store owners have gone into liquidation since October 2012.
from
http://www.nbr.co.nz/article/another-mad-butcher-falls-liquidation-hm-p-186234
NZ dollar falls as US dollar strengthens ahead of Federal Reserve meeting
The kiwi slid to 66.63USc at 8am in Wellington.
from
http://www.nbr.co.nz/article/nz-dollar-falls-us-dollar-strengthens-ahead-federal-reserve-meeting-b-186232
Editor’s Insight: Celebrity's laundry powder washes up green
Actress Jessica Alba's Honest company is accused of misleading consumers over its "toxin-free" products. With special audio feature.
from
http://www.nbr.co.nz/opinion/editor-insight-celebritys-laundry-powder-washes-green
Irritated Irrigation NZ rejects call for five-year ban on new water schemes
The most recent estimate of the value of irrigated farms was a 2012 study which found they contributed $2.7 billion to the farmgate.
from
http://www.nbr.co.nz/article/irritated-irrigation-nz-rejects-call-five-year-ban-new-water-schemes-b-186218
Kogan buys Dick Smith website, databases — and plans to resurrect the brand
Sale to young Australian rich lister comes ahead of $A300 million IPO.
from
http://www.nbr.co.nz/article/kogan-buys-dick-smith-website-databases-%E2%80%94-and-plans-resurrect-brand-ck-186230
Sunday, 13 March 2016
MARKET CLOSE: NZ shares rise, led by Sky TV; SkyCity drops
The S&P/NZX 50 index climbed 51.4 points, or 0.8 percent, to 6,566.83.
from
http://www.nbr.co.nz/article/market-close-nz-shares-rise-led-sky-tv-skycity-drops-b-186225
Dollar little changed in slow start to event-filled week
The kiwi traded at 67.49 US cents at 5pm in Wellington.
from
http://www.nbr.co.nz/article/nz-dollar-little-changed-slow-start-event-filled-week-b-186223
Calf prices hit record high as demand soars amid supply shortage
Sales of six-month-old weaner steers and heifers this month at Stortford Lodge in Hastings rose between 17 and 29 percent on 2015.
from
http://www.nbr.co.nz/article/nz-calf-prices-hit-record-high-demand-soars-amid-supply-shortage-b-186222
Research reports out for Tegel IPO
Valuations vary between partipating float managers.
from
http://www.nbr.co.nz/article/research-reports-out-tegel-ipo-db-p-186215
Business leaders take action against New Zealand's poor diversity track record
Champions of Change: 50 top chief executives meet today to formulate a plan to combat poor diversity practices. With special audio feature.
from
http://www.nbr.co.nz/article/business-leaders-take-action-against-new-zealands-poor-diversity-track-record-cs-p-186212
A surprising rise in dairy prices seen this week
But one expert is scratching his head as to why. With special audio feature.
from
http://www.nbr.co.nz/article/surprising-rise-dairy-prices-seen-week-jw-p-186210
China's kiwiberry ban impacts 40% of NZ crop
Growers group silent on implications for forbidden fruit, but leaked advisory fills in some gaps.
from
http://www.nbr.co.nz/article/chinas-kiwiberry-ban-impacts-40-nz-crop-ng-p-186213
Political & Economic week ahead: Will the government bail out farmers?
Any suggestion of a bailout needs to be resisted. With special audio feature.
from
http://www.nbr.co.nz/article/political-economic-week-ahead-will-government-bail-out-farmers-nr-186207
Government and industry still pouring money into southern dairy venture
The original business case hasn't really changed.
from
http://www.nbr.co.nz/article/government-and-industry-still-pouring-money-southern-dairy-venture-ch-p-186209
Welcome to the club
OPINION: Fat Prophets' Angus Geddes on the period of ranging consolidation as last year’s overbought conditions find equilibrium.
from
http://www.nbr.co.nz/opinion/welcome-club-ag
NZ dollar outlook: Kiwi may slide as Reserve Bank cut weighs, Fed risk looms
The kiwi may trade between 65USc and 69USc this week.
from
http://www.nbr.co.nz/article/nz-dollar-outlook-kiwi-may-slide-reserve-bank-cut-weighs-fed-risk-looms-b-186199
GeoOp: Ooops, we released the wrong report
Company steps away from break-even date, savings estimate.
from
http://www.nbr.co.nz/article/geoop-ooops-we-released-wrong-report-ck-186201
NZ dollar gains as investors favour growth-linked commodity currencies
The kiwi was at 67.16USc at 8am in Wellington.
from
http://www.nbr.co.nz/article/nz-dollar-gains-investors-favour-growth-linked-commodity-currencies-b-186186
Synlait may need new capital investment, analysts say
First NZ Capital said it didn't think Synlait would be in a position to be specific on the timing of the build yet.
from
http://www.nbr.co.nz/article/synlait-may-need-new-capital-investment-analysts-say-b-186162
Joy about Landcorp dairy pullback
"We're looking at the whole operation. Landcorp is very open to what we're saying" - Dr Mike Joy.
from
http://www.nbr.co.nz/article/joy-about-landcorp-dairy-pullback-ch-p-186148
Directors warned to get ready for health and safety changes next month
“It’s a carrot and stick issue because there’s a threat of punishment," says IoD chief executive Simon Arcus. With special audio feature.
from
http://www.nbr.co.nz/article/directors-warned-get-ready-health-and-safety-changes-next-month-cs-p-186163
Saturday, 12 March 2016
English not concerned banks failed to pass on OCR cut
ANZ, Westpac, BNZ and ASB could still pass on cut, finance minister says | Bailout or assistance for farmers ruled out.
from
http://www.nbr.co.nz/article/finance-minister-bill-english-interviewed-corin-dann-186178-ck
Thursday, 10 March 2016
The kids are all right: NZ Edition
Youth incomes have been going backwards in too many countries. With special audio feature.
from
http://www.nbr.co.nz/opinion/kids-are-all-right-nz-edition-ec
This week on Sunday Business with Andrew Patterson
In the second episode of Sunday Business: a news round-up with Bernard Hickey, a markets wrap with Forsyth Barr's Kevin Stirrat, and an extended interview with feature guest Adam Grant to discuss his new book Originals – How Non-Conformists Change the World.
from
http://www.nbr.co.nz/sunday-business
MARKET CLOSE: Shares hit record high for 7th day with Tower, Contact, Genesis gaining
The S&P/NZX 50 Index rose 7.1 points, or 0.1 percent, to 6,515.42.
from
http://www.nbr.co.nz/article/market-close-nz-shares-hit-record-high-7th-day-tower-contact-genesis-gaining-b-186166
Dollar heads for 1.7% fall on prospect of further rate cuts
The kiwi fell to 66.93 US cents at 5pm in Wellington.
from
http://www.nbr.co.nz/article/nz-dollar-heads-17-fall-prospect-further-rate-cuts-b-186164
Carry on: Emirates unveils new B777-300 business class seat
Business traveller news also includes impact of Qatar's new Auckland service, Jetstar canning Brisbane-Honolulu and Airbus A321neo development.
from
http://www.nbr.co.nz/article/carry-emirates-unveils-new-b777-300-business-class-seat-ng-186161
Wool prices mixed at weekly auction
The price for clean 35-micron wool traded at $5.85 per kilogram at yesterday's South Island auction.
from
http://www.nbr.co.nz/article/nz-wool-prices-mixed-weekly-auction-b-186147
Landcorp, the milk price and born again environmentalism
Landcorp is now to be driven by their customers' environmental credo?
from
http://www.nbr.co.nz/opinion/landcorp-milk-price-and-born-again-environmentalism-gm
Lack of foresight costs Fonterra shareholders
Whenever the dairy sector gets into trouble, optimists like to come up with new phrases to try to calm the horses.
from
http://www.nbr.co.nz/article/lack-foresight-costs-fonterra-shareholders-p-186155
Callaghan says Endace has clean slate on R&D grants after repaying $1.9m
The loss-making company laid off just under 100 people or about two-thirds of its staff late last year. With special audio feature.
from
http://www.nbr.co.nz/article/callaghan-says-endace-has-clean-slate-rd-grants-after-repaying-19m-b-186150
Anytime shopping – how’s that possible?
OPINION: Peter Stevens on on-demand shopping.
from
http://www.nbr.co.nz/opinion/anytimeanywhere-shopping-how-possible-ps
New CEO at The Warehouse upbeat for retail giant's future
The retailer is showing signs it is benefiting from a significant investment programme. With special audio feature.
from
http://www.nbr.co.nz/article/new-ceo-warehouse-upbeat-retail-giants-future-cs-p-186143
Fonterra manager resigns
Maury Leyland has been with the co-operative for 11 years.
from
http://www.nbr.co.nz/article/fonterra-manager-resigns-j-186141
When enough is not enough
OPINION: Fat Prophets' Angus Geddes on the ECB.
from
http://www.nbr.co.nz/opinion/when-enough-not-enough-ag
RBNZ rejected more than $15m for NZClear: analyst
NZX could look at cash return after offer spurned.
from
http://www.nbr.co.nz/article/rbnz-rejected-more-15m-nzclear-analyst-th-p-186134
Food prices fall in February, led by cheap summer fruit and veges
The food price index fell 0.6% in February.
from
http://www.nbr.co.nz/article/nz-food-prices-fall-february-led-cheap-summer-fruit-and-veges-b-186131
Manufacturing activity slows in February as employment drops
The BNZ-BusinessNZ performance of manufacturing index fell to a seasonally adjusted 56 last month.
from
http://www.nbr.co.nz/article/nz-manufacturing-activity-slows-february-employment-drops-b-186130
Trustpower to proceed with demerger, shareholders to vote in July
Trustpower is going ahead with plans to spin out its windfarms.
from
http://www.nbr.co.nz/article/trustpower-proceed-demerger-shareholders-vote-july-b-186127
Air New Zealand to revenue share with United in NZ-US routes
The agreement will come into effect on July 1 when United launches its San Francisco-Auckland route.
from
http://www.nbr.co.nz/article/air-new-zealand-revenue-share-united-nz-us-routes-b-186120
Warehouse first-half profit rises 22%, beating forecast
The company said profit adjusted for one-time items rose 22% to $45.6 million in the 26 weeks ended January 31.
from
http://www.nbr.co.nz/article/warehouse-first-half-profit-rises-22-beating-forecast-b-186118
Reserve Bank hangs on to NZClear, turns down NZX bid
The central bank will invest in a new platform for NZClear.
from
http://www.nbr.co.nz/article/reserve-bank-hangs-nzclear-turns-down-nzx-bid-b-186116
NZ dollar hits three-week low against euro
The kiwi touched 59.31 euro cents.
from
http://www.nbr.co.nz/article/nz-dollar-hits-three-week-low-against-euro-b-186111
While you were sleeping: Draghi delivers, stocks drop
It seems European Central Bank President Mario Draghi can't win.
from
http://www.nbr.co.nz/article/while-you-were-sleeping-draghi-delivers-stocks-drop-b-186107
Editor's Insight: Who knows the state of the world economy?
Central bankers and finance ministers are at odds over growth policies. With special audio feature.
from
http://www.nbr.co.nz/opinion/editors-insight-who-knows-state-world-economy
Should the government reform the Holidays Act? NBR subscribers weigh in
Do readers think the legislation is confusing or fine as it is?
from
http://www.nbr.co.nz/article/should-government-reform-holidays-act-nbr-subscribers-weigh-cs-p-186087
Politics of a dairy downturn, $19m property deal in limbo, house price data flaws exposed
What's in your National Business Review print edition this week.
from
http://www.nbr.co.nz/article/politics-dairy-downturn-19m-property-deal-limbo-house-price-data-flaws-exposed-186093
No distributions for creditors owed millions by Bryers-linked group
Further report to Australian Securities and Investment Commission "possible."
from
http://www.nbr.co.nz/article/no-distributions-creditors-owed-millions-bryers-linked-group-hm-p-186081
Tax had nothing to do with it: Go Bus CEO
ACT MP’s assertion on iwi tax advantage rebutted by contract winner.
from
http://www.nbr.co.nz/article/tax-had-nothing-do-it-go-bus-ceo-th-186090
Wheeler's equivocal answer prompts MPs' laughter
The surprise official cash rate cut by the Reserve Bank has some economists wondering whether there will be any more cuts and if so how many. With special audio feature.
from
http://www.nbr.co.nz/article/wheelers-equivocal-answer-prompts-mps-laughter-rh-p-186070
ANZ unjustified in withholding full OCR cut
ANZ Bank's choice to pass on less than half yesterday's official cash rate cut is unjustified, says a specialist publisher. With special audio feature.
from
http://www.nbr.co.nz/article/anz-unjustified-withholding-full-ocr-cut-jr-p-186104
Wednesday, 9 March 2016
MARKET CLOSE: Share rise on Reserve Bank cut, Tower, SkyCity, Westpac gain
The S&P/NZX 50 Index rose 51 points, or 0.8 percent, to 6,508.28.
from
http://www.nbr.co.nz/article/market-close-nz-share-rise-reserve-bank-cut-tower-skycity-westpac-gain-b-186095
Dollar sinks after RBNZ's Wheeler cuts OCR in effort to head off subdued inflation view
The kiwi fell to 66.30 US cents at 5pm in Wellington.
from
http://www.nbr.co.nz/article/nz-dollar-sinks-after-rbnzs-wheeler-cuts-ocr-effort-head-subdued-inflation-view-b-186092
Coleman signs $300m contract with Cimic for Christchurch hospital building
The government will spend a total of $445 million on the project.
from
http://www.nbr.co.nz/article/coleman-signs-300m-contract-cimic-christchurch-hospital-building-b-186080
In the footsteps of Isaac Newton
OPINION: Fat Prophets' Angus Geddes on the recovery in US and European stock markets.
from
http://www.nbr.co.nz/opinion/footsteps-isaac-newton-ag
China bans kiwi berry imports
Change of kiwifruit cousin's species status shuts down export avenue.
from
http://www.nbr.co.nz/article/china-bans-kiwi-berry-imports-ng-p-186068
Fisher and Paykel shares hit all-time high after OCR cut
Fletcher and Sky City also had a good day.
from
http://www.nbr.co.nz/article/fisher-and-paykel-shares-hit-all-time-high-after-ocr-cut-jw-p-186059
Orion Health and government invest millions in using people's healthcare data to predict their needs
Orion Health chief executive Ian McCrae says the listed company and New Zealand have the chance to be "world leaders."
from
http://www.nbr.co.nz/article/orion-health-and-government-investing-millions-using-peoples-healthcare-data-predict-their
Government invests $14.7m over 7 years in ‘precision-driven’ healthcare research
Orion Health and the Waitemata District Health Board, in collaboration with the University of Auckland, are the initial partners.
from
http://www.nbr.co.nz/article/government-invests-147m-over-7-years-precision-driven-healthcare-research-b-186063
A long road ahead for dairy – Treasury secretary
Gabriel Makhlouf agrees with the finance minister that milk prices won't go back up to $8kg/MS. With special audio feature.
from
http://www.nbr.co.nz/article/long-road-ahead-dairy-treasury-secretary-jw-p-186015
Governor Wheeler hints at more than one OCR cut ahead
"This is the second time in two years that we have listened to a speech by Graeme Wheeler and been stupid enough to pay attention to it," economist Stephen Toplis says.
from
http://www.nbr.co.nz/article/governor-wheeler-hints-more-one-ocr-cut-ahead-b-186047
What would tempt Briscoe's Duke to take another tilt at Kathmandu
Strong margins at Briscoe Group, with headwinds controlled. With special feature audio.
from
http://www.nbr.co.nz/article/what-would-tempt-briscoes-duke-take-another-tilt-kathmandu-cs-p-186017
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