Questions over contract with Auckland investment banker Andrew Body.
from
http://www.nbr.co.nz/article/auditor-general-extends-housing-nz-23m-procurement-probe-b-188413
Friday, 29 April 2016
Auditor-General extends Housing NZ $2.3m procurement probe
from
http://www.nbr.co.nz/article/auditor-general-extends-housing-nz-23m-procurement-probe-b-188413
Thursday, 28 April 2016
MARKET CLOSE: NZ shares rise, buoyed by Z while Skellerup drops
The S&P/NZX 50 Index gained 30.6 points, or 0.5 percent, to 6,820.59.
from
http://www.nbr.co.nz/article/market-close-nz-shares-rise-buoyed-z-while-skellerup-drops-b-188412
NZ dollar extends gains as Fed rate hike bets fade, traders debate timing of RBNZ cut
The kiwi rose to 69.73 US cents as at 5pm in Wellington.
from
http://www.nbr.co.nz/article/nz-dollar-extends-gains-fed-rate-hike-bets-fade-traders-debate-timing-rbnz-cut-b-188411
Trustpower earnings dip on weak electricity demand, marketing costs
Ebitdaf came in 1 percent lower than last year at $329 million.
from
http://www.nbr.co.nz/article/trustpower-earnings-dip-weak-electricity-demand-marketing-costs-b-188408
Steel & Tube agrees to sell only independently tested mesh; ComCom probe continues
The regulator said in a statement that it signed court enforceable undertakings with Steel & Tube yesterday.
from
http://www.nbr.co.nz/article/steel-tube-agrees-sell-only-independently-tested-mesh-comcom-probe-continues-b-188407
Nurofen manufacturer fined $A1.7m
Reckitt Benckiser fined nearly $2 million for misleading consumers.
from
http://www.nbr.co.nz/article/nurofen-manufacturer-fined-a17m-ca-188405
China-led pan-Asia free trade grouping to meet in NZ
The Regional Comprehensive Economic Partnership (RCEP) includes India as well as most countries in Asia.
from
http://www.nbr.co.nz/article/china-led-pan-asia-free-trade-grouping-meet-nz-ng-188404
Sunday Business & Week in Review
The Business Week in Review wraps up the week's best NBR Radio content. Sunday Business with Andrew Patterson is New Zealand's only feature-length business programme.
from
http://www.nbr.co.nz/weekend-specials
Winter is coming – but it's business as usual
A net 6.2% of firms surveyed in the ANZ Business Outlook in April were upbeat about the economy's prospects for the year ahead.
from
http://www.nbr.co.nz/article/winter-coming-its-business-usual-b-188390
Carry on: Air Canada’s India links, LATAM rebranding and more
Business traveller news also includes a new North Korean route as well as further international flights to Auckland and Christchurch.
from
http://www.nbr.co.nz/article/carry-air-canada-india-links-latam-rebranding-and-more-ng-188401
Kirkcaldie shareholders weigh up takeover as Brierley advances
Sir Ron Brierley is like a patch of strawberry clover.
from
http://www.nbr.co.nz/article/kirkcaldie-shareholders-weigh-takeover-brierley-advances-p-188396
Restaurant Brands rolls out latest Americana burger experience
The brand transformation includes new logo, packaging and restaurant design.
from
http://www.nbr.co.nz/article/restaurant-brands-rolls-out-latest-americana-burger-experience-ch-188376
Zespri to re-pack and release contaminated fruit after getting all-clear
Zespri International says they pose no danger to consumers.
from
http://www.nbr.co.nz/article/zespri-re-pack-and-release-contaminated-fruit-after-getting-all-clear-b-188383
OceanaGold's record first-quarter gold output from Didipio
Sales climbed to $US161 million in the March quarter.
from
http://www.nbr.co.nz/article/oceanagolds-record-first-quarter-gold-output-didipio-b-188378
Z Energy rejects suggestions it got off lightly with its Chevron divestments
Analysts estimate the 19 service stations and one truck stop Z Energy has to divest. With special feature audio.
from
http://www.nbr.co.nz/article/z-energy-rejects-suggestions-it-got-lightly-its-chevron-divestments-jr-p-188386
Tourism Holdings likely to exceed 2016 guidance as margins improve
The company brought forward its projection for reaching annual profit of $30 million by a year to 2018.
from
http://www.nbr.co.nz/article/tourism-holdings-likely-exceed-2016-guidance-margins-improve-b-188377
NZX says first quarter sales rose 9.6% on debt listings
Revenue rose to $18 million in the three months ended March 31.
from
http://www.nbr.co.nz/article/nzx-says-first-quarter-sales-rose-96-debt-listings-b-188374
Skellerup cuts earnings guidance again, blaming weak oil and milk prices
The company expects to report a profit of $20-21 million in the 12 months ending June 30.
from
http://www.nbr.co.nz/article/skellerup-cuts-earnings-guidance-again-blaming-weak-oil-and-milk-prices-b-188375
Z cleared to buy Caltex assets, must sell 20 petrol stations
The competition watchdog's delayed decision on the $785 million deal.
from
http://www.nbr.co.nz/article/while-you-were-sleeping-icahn-divests-apple-b-188364
NZ dollar gains as Reserve Bank rate cut case weakens
The kiwi rose to 69.54USc as at 8am in Wellington.
from
http://www.nbr.co.nz/article/nz-dollar-gains-boj-inaction-weighs-greenback-rbnz-rate-cut-case-weakens-b-188366
Editor’s Insight: Mitsubishi Motors skids over its smallest car
Japan's sixth-biggest car maker cheated on its fuel economy figures. With special feature audio.
from
http://www.nbr.co.nz/opinion/editor-insight-mitsubishi-motors-skids-over-its-smallest-car-ng
Another bidder could emerge for Abano's Bay stake: analyst
Craigs Investment Partners' Stephen Ridgewell says Abano doesn't appear to have any kind of exclusivity arrangement with the potential purchase of its stake in Bay International. With special feature audio.
from
http://www.nbr.co.nz/article/another-bidder-could-emerge-abanos-bay-stake-analyst-jr-p-188359
Wednesday, 27 April 2016
MARKET CLOSE: NZ shares rise; Sky TV, Fletcher Building gain, Air NZ drops on oil recovery
The S&P/NZX50 Index gained 39.58 points, or 0.6 percent, to 6,789.98.
from
http://www.nbr.co.nz/article/market-close-nz-shares-rise-sky-tv-fletcher-building-gain-air-nz-drops-oil-recovery-b-188355
Volatile day for kiwi dollar as central banks drive the action
The kiwi fell as low as 75.16 yen.
from
http://www.nbr.co.nz/article/volatile-day-kiwi-dollar-central-banks-drive-action-b-188353
Wellington Airport applies to extend runway
The airport is seeking permission to build a 350-metre runway extension in a bid to attract long-haul flights from Asia and the US at a cost of $300 million.
from
http://www.nbr.co.nz/article/wellington-airport-applies-extend-runway-b-188323
Moa one of the biggest gainers on the NZX today
Has Moa turned the corner? Analyst weighs in.
from
http://www.nbr.co.nz/article/moa-one-biggest-gainers-nzx-today-cs-p-188313
Genesis ends electricity Mexican standoff with up to $25m Huntly deal
Genesis has persuaded its competitors to cover the costs of ensuring New Zealand's lights stay on beyond 2018. With special feature audio.
from
http://www.nbr.co.nz/article/genesis-ends-electricity-mexican-standoff-25m-huntly-deal-jr-p-188307
Business group backs Auckland parking price hikes
Auckland Transport says it plans to increase parking fees in the CBD.
from
http://www.nbr.co.nz/article/business-group-backs-auckland-parking-price-hikes-jw-p-188278
Carry on: Chinese mega-cities seek direct air links to NZ
The tourism industry is aiming for one million visitors from China within the next few years.
from
http://www.nbr.co.nz/article/carry-chinese-mega-cities-seek-direct-air-links-nz-ng-p-188264
What to expect from the ComCom decision on Z's $785m Chevron purchase
The market is convinced the Commerce Commission will approve the deal but the key unknown is how much, if anything, Z will be forced to divest to get the deal over the line.
from
http://www.nbr.co.nz/article/what-expect-comcom-decision-zs-785m-chevron-purchase-jr-p-188282
Fonterra to benefit from Aussie rival’s pain: analyst
Murray Goulburn’s milk price drop will mean lower costs for Fonterra's Australian operations.
from
http://www.nbr.co.nz/article/fonterra-benefit-aussie-rival-pain-analyst-th-p-188293
Fonterra says milk collection down 3% in NZ, 1% in Aus
Milk collection across New Zealand fell 3% to 1.39 billion kilograms of milk solids in the 10 months ended March 31.
from
http://www.nbr.co.nz/article/fonterra-says-milk-collection-down-3-nz-1-aus-b-188292
US underwear giant Hanes seeks Pacific Brands in billion dollar offer
HanesBrands is offering $A1.15 a share for 100% of Pacific Brands.
from
http://www.nbr.co.nz/article/us-underwear-giant-hanes-seeks-pacific-brands-billion-dollar-offer-b-188289
Ruataniwha progress, but not a done deal yet
A number of commitments are subject to confirmation.
from
http://www.nbr.co.nz/article/ruataniwha-progressbut-not-done-deal-yet-ch-188269
KiwiRail invited to run new Wairoa-Napier log train
KiwiRail want a take or pay arrangement.
from
http://www.nbr.co.nz/article/kiwirail-invited-run-new-wairoa-napier-log-train-b-188275
Genesis extends life of coal-fuelled power station
Power company has signed a “swaption” contract with Meridian Energy.
from
http://www.nbr.co.nz/article/genesis-extends-life-coal-fuelled-power-station-2022-b-188271
Wheeler keeps interest rates on hold
UPDATED: Graeme Wheeler has opted to hold interest rates and says further cuts may be needed. With special feature audio.
from
http://www.nbr.co.nz/article/wheeler-keeps-interest-rates-hold-b-188240
Moa narrows full-year loss, lifts volumes
The loss was $2.9 million in the 12 months ended March 31.
from
http://www.nbr.co.nz/article/moa-narrows-full-year-loss-lifting-volumes-while-cutting-costs-b-188267
Widening trade deficit highlights increased reliance on tourism
Charles Finny says yesterday's trade data should reinforce the importance of the tourism industry. With special feature audio.
from
http://www.nbr.co.nz/article/widening-trade-deficit-highlights-increased-reliance-tourism-jw-p-188249
Fletcher spending $A10M on Tradelink expansion
Fletcher's distribution businesses in New Zealand and Australia merged into one division.
from
http://www.nbr.co.nz/article/fletcher-spreads-nz-learnings-australia-spending-a10m-tradelink-expansion-b-188256
Farmer signing targets hit for Ruataniwha irrigation scheme
Surge in farmers signing up shows reflects increasing confidence in scheme.
from
http://www.nbr.co.nz/article/ruataniwha-irrigation-scheme-hits-farmer-uptake-targets-b-188248
Dollar falls before RBNZ statement
Fed drops reference to global risks.
from
http://www.nbr.co.nz/article/nz-dollar-falls-rbnz-statement-fed-keeps-rates-unchanged-drops-reference-global-risks-b
MARKET CLOSE: NZ shares down ahead of RBNZ rate call
The S&P/NZX 50 Index dropped 45.3 points, or 0.7 percent, to 6,750.41.
from
http://www.nbr.co.nz/article/market-close-nz-shares-down-ahead-rbnz-rate-call-b-188247
Tuesday, 26 April 2016
NZ dollar gains vs. Aussie on weakest inflation in 7 years, as Fed, RBNZ loom
The kiwi rose to 90.12 Australian cents as at 5pm
from
http://www.nbr.co.nz/article/nz-dollar-gains-vs-aussie-weakest-inflation-7-years-fed-rbnz-loom-b-188245
Kirkcaldie's board ups ante in fight with Brierley
Brierley raised his offer to $3.00 a share yesterday.
from
http://www.nbr.co.nz/article/kirkcaldies-board-ups-ante-fight-brierley-over-department-stores-remains-b-188244
Tegel shuns media during IPO
CEO declines interviews until shares trade on NZX.
from
http://www.nbr.co.nz/article/tegel-shuns-media-during-ipo-th-p-188227
Medics attack TPP's longer biologics data protection
Biologic drugs account for more than 40% of new pharmaceutical products.
from
http://www.nbr.co.nz/article/tpps-biologics-data-protection-will-push-health-care-costs-medical-association-says-b-188223
Abano likely to accept offer above $30m for its half share of Bay International
The offer for Bay International from an unnamed international hearing device manufacturer is about three times Abano's book value. With special feature audio.
from
http://www.nbr.co.nz/article/abano-likely-accept-offer-above-30m-its-half-share-bay-international-jr-p-188225
Execs quit as Aussie co-op slashes milk price
ASX-listed units plunge after profit warning.
from
http://www.nbr.co.nz/article/execs-quit-aussie-co-op-slashes-milk-price-th-p-188224
InMotion Group shelves IPO despite less competition on Waiheke ferry route
Why did the bus and ferry operator ditch plans to float?
from
http://www.nbr.co.nz/article/inmotion-group-shelves-ipo-despite-less-competition-waiheke-ferry-route-cs-p-188217
NZ posts biggest annual trade deficit in seven years on drop in dairy, meat values
The trade deficit widened to $3.8 billion in the 12 months ended March 31.
from
http://www.nbr.co.nz/article/nz-posts-biggest-annual-trade-deficit-seven-years-drop-dairy-meat-values-b-188216
Abano offered three times book value for Bay International stake
The company said the non-binding proposal was from "an international hearing device manufacturer" which it didn't identify.
from
http://www.nbr.co.nz/article/abano-offered-three-times-book-value-bay-international-stake-b-188211
Veritas shares up 16% as it affirms annual earnings guidance, says business is improving
Stripping out one-off and significant costs, profit from continuing operations is expected to be between $3 million and $3.5 million in the 12 months ending June 30.
from
http://www.nbr.co.nz/article/veritas-shares-16-it-affirms-annual-earnings-guidance-says-business-improving-b-188210
Wellington Airport looks at $75m bond offer
The company is considering an offer of up to $50 million unsecured, unsubordinated, fixed rate bonds.
from
http://www.nbr.co.nz/article/wellington-airport-looks-75m-bond-offer-b-188209
Why GlobalDairyTrade is being revamped
The platform has announced a new subscription package and has beefed up its online presence. With special feature audio.
from
http://www.nbr.co.nz/article/why-globaldairytrade-being-revamped-jw-p-188193
Measuring public science by dollar value alone 'stupid', says top science adviser
The Ministry of Business was embarking on a process to create a "government-wide data infrastructure."
from
http://www.nbr.co.nz/article/measuring-public-science-dollar-value-alone-stupid-says-top-science-adviser-b-188188
KiwiRail seeks four years' funding under 'value of rail' accord
The review became the basis for a government decision to maintain a national rail network, despite it having no prospect of running profitably.
from
http://www.nbr.co.nz/article/kiwirail-seeks-four-years-funding-under-value-rail-accord-b-188197
Monday, 25 April 2016
MARKET CLOSE: NZ shares fall, investor appetite drops ahead of Reserve Bank announcement
The S&P/NZX 50 Index dropped 70.4 points, or 1 percent, to 6,795.71
from
http://www.nbr.co.nz/article/market-close-nz-shares-fall-investor-appetite-drops-ahead-reserve-bank-announcement-b-188194
NZ dollar gains as traders split on central banks' direction
The kiwi rose to 68.75 US cents as at 5pm.
from
http://www.nbr.co.nz/article/nz-dollar-gains-traders-split-central-banks-direction-b-188187
Struck off solicitor faces Crimes Act charges
Edward Errol Johnston appeared in the Auckland District Court today on Serious Fraud Office charges.
from
http://www.nbr.co.nz/article/struck-solicitor-faces-crimes-act-charges-ck-188180
Evolve continues acquisition hunt in fragmented early childhood sector
Is the listed early childhood education provider on track? With special feature audio.
from
http://www.nbr.co.nz/article/evolve-continues-acquisition-hunt-fragmented-early-childhood-sector-cs-p-188175
SeaDragon misses annual earnings guidance
Ebita in the 12 months ended March 31 were "lower than previously indicated to the market,"
from
http://www.nbr.co.nz/article/seadragon-misses-annual-earnings-guidance-refinery-costs-rise-b-188168
Brierley lifts takeover bid for Kirkcaldie to within board's worst case scenario
Brierley lifted his offer to $3 a share from the $2.75 he offered in March.
from
http://www.nbr.co.nz/article/brierley-lifts-takeover-bid-kirkcaldie-within-boards-worst-case-scenario-b-188166
NZ dollar drifts as central bank reviews approach
The kiwi traded at 68.45USc at 8am in Wellington.
from
http://www.nbr.co.nz/article/nz-dollar-drifts-central-bank-reviews-approach-b-188155
Free trade agreement upgrade with China top of mind for farmers
John Key says he has had some “useful discussion” with Chinese President Xi Jinping on the intention to upgrade the NZ/China FTA.
from
http://www.nbr.co.nz/article/free-trade-agreement-upgrade-china-top-mind-farmers-jw-p-188122
Ecan concerned about national water standards overriding local arrangements
Ecan wants more clarity about what entitites are eligible for government irrigation funding.
from
http://www.nbr.co.nz/article/ecan-concerned-about-national-water-standards-overriding-local-arrangements-ch
While you were sleeping: Xerox shares drop
Wall Street moved lower with disappointing earnings including from Xerox.
from
http://www.nbr.co.nz/article/while-you-were-sleeping-xerox-shares-drop-b-188154
Sunday, 24 April 2016
Growing pains ahead for biggest industry
The tourism industry could be on the verge of experiencing some damaging growing pains as the boom continues.
from
http://www.nbr.co.nz/article/growing-pains-ahead-biggest-industry-jw-p-187991
Interview: Frank Ansell of Success Asylum
Frank became an entrepreneur out of necessity when the GFC hit. His experience has fuelled a passion to now empower and help other fellow graduates ...
The post Interview: Frank Ansell of Success Asylum appeared first on NZ Entrepreneur.
from
http://nzentrepreneur.co.nz/interview-frank-ansell-success-asylum/
Friday, 22 April 2016
Euro Corp allowed to resume selling ductile steel mesh under new testing regime
Euro Corp and Brilliance Steel both agreed last month to stop selling their steel mesh products.
from
http://www.nbr.co.nz/article/euro-corp-allowed-resume-selling-ductile-steel-mesh-under-new-testing-regime-b-188128
Sky TV warns about low-ball share offer
The scourge of the unsolicited offer returns — and there's a familiar name behind it.
from
http://www.nbr.co.nz/article/sky-tv-warns-about-low-ball-share-offer-ck-188133
MARKET CLOSE: NZ shares fall on global selloff Air NZ Auckland Airport and Tower decline
The S&P/NZX 50 Index dropped 40 points, or 0.6 percent, to 6,866.1.
from
http://www.nbr.co.nz/article/market-close-nz-shares-fall-global-selloff-air-nz-auckland-airport-and-tower-decline-b
Thursday, 21 April 2016
NZ dollar heads for modest weekly decline as global outlook trumps RBNZ's looming review
The kiwi traded at 69.09 US cents as at 5pm in Wellington.
from
http://www.nbr.co.nz/article/nz-dollar-heads-modest-weekly-decline-global-outlook-trumps-rbnzs-looming-review-b-188129
Half billion dollars pledged to upgrade Tauranga to Waihi route
The largest project, starting construction in 2018.
from
http://www.nbr.co.nz/article/half-billion-dollars-pledged-upgrade-tauranga-waihi-route-b-188127
CEO turnover shows rising trend toward external appointments
When ANZ appointed Kiwi expatriate Shayne Elliott as chief executive, the Melbourne-based bank bucked a global trend that started to emerge in recent years.
from
http://www.nbr.co.nz/article/ceo-turnover-shows-rising-trend-toward-external-appointments-b-p-188033
Put funding into the regions
Government funding is needed in areas where local boards can't foot the bill for tourist infrastructure. With special feature audio.
from
http://www.nbr.co.nz/opinion/put-funding-regions-bh
New challenge to Silver Ferns Chinese tie-up
Silver Fern Farms faces a new challenge to its partnership with Chinese food company Shanghai Maling as shareholders seek to rerun the shareholder vote on the deal.
from
http://www.nbr.co.nz/article/new-challenge-silver-fern%E2%80%99s-chinese-tie-th-p-188028
Clock ticking on Zs Chevron deal divestments seen likely
Market consensus appears to be that the Commerce Commission will give Z Energy the green light for its $785 million purchase of the Chevron assets.
from
http://www.nbr.co.nz/article/clock-ticking-z%E2%80%99s-chevron-deal-divestments-seen-likely-jr-p-188031
Carry on: Cheapest to Europe Garuda's $US4b order and more
Business travel news also includes routes of the week and new codeshare deals.
from
http://www.nbr.co.nz/article/carry-cheapest-europe-garudas-us4b-order-and-more-ng-188082
Christchurch: Our national disgrace
OPINION: Bruce Cotterill on Christchurch.
from
http://www.nbr.co.nz/opinion/christchurch-our-national-disgrace-bc
Auckland businessman designs app to measure homeless extent seeks funding
There's lots of hot air about NZ's homeless problem – who's going to solve it? With special feature audio.
from
http://www.nbr.co.nz/article/auckland-businessman-designs-app-measure-homeless-extent-%E2%80%93-seeks-funding-cs-p-188109
Aussie dairy giant Murray Goulburn placed in trading halt
The halt is expected to remain until Wednesday next week.
from
http://www.nbr.co.nz/article/aussie-dairy-giant-murray-goulburn-placed-trading-halt-jw-188103
Jilted Lochinver suitor wants to buy 1% of Australia
But the Aussie government has put the potential Chinese land grab deal on hold pending a review.
from
http://www.nbr.co.nz/article/jilted-lochinver-suitor-wants-buy-1-australia-jw-p-188094
Wool prices decline at auction amid limited competition plant contamination
Strong wool of 39 microns dipped to $5.55 per kilogram at yesterday's South Island auction.
from
http://www.nbr.co.nz/article/nz-wool-prices-decline-auction-amid-limited-competition-plant-contamination-b-188096
NZ dollar falls as traders bet on Reserve Bank interest rate cuts
The kiwi slid to 69.09USc at 8am in Wellington.
from
http://www.nbr.co.nz/article/nz-dollar-falls-traders-bet-reserve-bank-interest-rate-cuts-b-188087
Infratil's NZ Bus to 'future-proof' its fleet with $US30m Wrightspeed retrofitting
Using Wrightspeed technology means NZ Bus won't have to scrap its trolley buses and the whole fleet can go electric, once battery technology is up to it. With special feature audio.
from
http://www.nbr.co.nz/article/infratils-nz-bus-future-proof-its-fleet-us30m-wrightspeed-retrofitting-jr-p-188081
Zespri indicates early profit range for 2017 season with upside from looming tender
That additional revenue will probably be materially significant to the 2016/17 corporate profit.
from
http://www.nbr.co.nz/article/zespri-indicates-early-profit-range-2017-season-upside-looming-tender-b-188063
Zespri indicates early profit range for 2017 season with upside from looming tender
That additional revenue will probably be materially significant to the 2016/17 corporate profit.
from
http://www.nbr.co.nz/article/zespri-indicates-early-profit-range-2017-season-upside-looming-tender-b-188063
China's latest fake milk powder scandal blamed on chaotic sales channels
Fonterra Cooperative Group has a close association with both.
from
http://www.nbr.co.nz/article/chinas-latest-fake-milk-powder-scandal-blamed-chaotic-sales-channels-b-188043
Uber 1 Taxi Federation 0
Around this time last year, police were hassling Uber drivers off the roads. PLUS: What's next for Uber.
from
http://www.nbr.co.nz/opinion/uber-1-taxi-federation-0-ck-p
Wednesday, 20 April 2016
MARKET CLOSE: NZ shares extend gains with global equity markets; Fletcher A2 ANZ rise
The S&P/NZX 50 Index rose 4.8 points, or 0.1 percent, to 6,906.1.
from
http://www.nbr.co.nz/article/market-close-nz-shares-extend-gains-global-equity-markets-fletcher-a2-anz-rise-b-188070
Dollar falls vs Australian dollar greenback on speculation RBNZ could cut next week
The kiwi traded at 69.72 US cents at 5pm in Wellington.
from
http://www.nbr.co.nz/article/nz-dollar-falls-vs-australian-dollar-greenback-speculation-rbnz-could-cut-next-week-b-188068
Who bought Metlifecare's Wairarapa village?
Metlife sells off the underperforming asset.
from
http://www.nbr.co.nz/article/who-bought-metlifecares-wairarapa-village-cs-p-188008
Fonterra vs Yashili: Things heat up in the NZ infant formula market
Yashili has launched a premium infant formula brand just weeks after Fonterra did. With special feature audio.
from
http://www.nbr.co.nz/article/fonterra-vs-yashili-things-heat-nz-infant-formula-market-jw-p-188004
Business mission targets Thailand Malaysia
Exporters already have the advantages of free trade agreements with both countries. With special feature audio.
from
http://www.nbr.co.nz/article/business-mission-targets-thailand-malaysia-ng-p-187888
NZ posts new annual migration record in March year
New Zealand had net migration of 67,600 in the 12 months through March 31.
from
http://www.nbr.co.nz/article/nz-posts-new-annual-migration-record-march-year-b-187989
New Zealand wine production having a Goldilocks year says Rabobank report
Keeping stocks within a manageable range is a perennial challenge for wine producers worldwide and continues to be one of the greatest challenges confronting NZ's wine industry.
from
http://www.nbr.co.nz/article/new-zealand-wine-production-having-goldilocks-year-says-rabobank-report-b-187980
Nuplex sells Australasian pulp and paper chemicals business for $A21m
The Australian unit of Delaware-based Solenis has agreed to buy the Nuplex assets.
from
http://www.nbr.co.nz/article/nuplex-sells-australasian-pulp-and-paper-chemicals-business-a21m-b-187916
NZOG finds more oil and gas in Kupe field
The gas and light oil field's developed reserve was lifted to 6.02 million barrels of oil from 5.22 million barrels.
from
http://www.nbr.co.nz/article/nzog-finds-more-oil-and-gas-kupe-field-b-187882
Metlifecare sells Wairarapa retirement village focuses on upper North Island for growth
The company said the sale will be settled on June 30.
from
http://www.nbr.co.nz/article/metlifecare-sells-wairarapa-retirement-village-focuses-upper-north-island-growth-b-187881
Infratil inks US$30M deal for electric bus technology
NZ Bus has inked a US$30 million deal with US-based Wrightspeed to enable it to transition its buses to electric technology.
from
http://www.nbr.co.nz/article/infratil-inks-us30m-deal-electric-bus-technology-b-187880
While you were sleeping: S&P 500 hits 5-month high
Corporate earnings and a rebound in the price of oil pushed stocks higher.
from
http://www.nbr.co.nz/article/while-you-were-sleeping-sp-500-hits-5-month-high-b-187871
Tuesday, 19 April 2016
MARKET CLOSE: NZ shares chart record high as TradeMe Contact Vector rise Spark drops
New Zealand's benchmark S&P/NZX 50 Index hit another record.
from
http://www.nbr.co.nz/article/market-close-nz-shares-chart-record-high-trademe-contact-vector-rise-spark-drops-187864
PGG Wrightson seed site hit by Uruguay flooding
Agricultural products and services company PGG Wrightson has warned investors its seed cleaning site in Uruguay has fallen victim to that country's widespread flooding.
The company told shareholders in February that its South American business was expected to perform better between January and June. In a statement to the NZX today, chief executive Mark Dewdney said that was no longer anticipated.
from
http://www.nbr.co.nz/article/pgg-wrightson-seed-site-hit-uruguay-flooding-b-187859
Steel & Tube appeals ruling to avoid defunct subsidiary's unpaid rental debt
Steel & Tube lawyer David Chisholm said the issue of causation had been ignored by the High Court judge.
from
http://www.nbr.co.nz/article/steel-tube-appeals-ruling-avoid-defunct-subsidiarys-unpaid-rental-debt-b-187858
NZX's 2016 regulatory programme includes more risk assessment of market participants
The agenda covers three areas – market infrastructure, orderly markets and market engagement.
from
http://www.nbr.co.nz/article/nzxs-2016-regulatory-programme-includes-more-risk-assessment-market-participants-b-187857
Manuka Doctor branding not a health claim
MPI has been cracking down on the manuka honey industry amid international criticism.
from
http://www.nbr.co.nz/article/manuka-doctor-branding-not-health-claim-b-187855
LINZ unveils new title transaction system plan
The aim is to ensure cost and time for transactions remain low.
from
http://www.nbr.co.nz/article/linz-unveils-new-title-transaction-system-plan-ch-p-187852
Global commodity rally pulls up dairy prices and kiwi dollar
The New Zealand dollar has risen to more than 70c against to US dollar – an expert says it is poised to go higher. With special feature audio.
from
http://www.nbr.co.nz/article/global-commodity-rally-pulls-dairy-prices-and-kiwi-dollar-jw-p-187849
Editors Insight: Tax havens are coming to heel
The Group of 20 nations and the OECD say the days of secret wealth and income are numbered. With special feature audio.
from
http://www.nbr.co.nz/opinion/editor%E2%80%99s-insight-tax-havens-are-coming-heel
Investors ponder whether Tegel can 'do a Scales'
Tegel Group Holdings' share sale has at least some passing similarities to that of Scales Corp, which went public in 2014, selling shares at the bottom of its range in an IPO that left its major shareholder with a significant stake. The question some investors are asking is could Tegel also over-deliver.
from
http://www.nbr.co.nz/article/investors-ponder-whether-tegel-can-do-scales-b-187853
Super Fund's March returns squeak past reference benchmark
UPDATED: The NZ Superannuation Fund has reversed a run of negative returns this year. With special feature audio.
from
http://www.nbr.co.nz/article/super-funds-march-returns-squeak-past-reference-benchmark-cs-p-187843
NZ dollar rises to 10-month high as commodities dairy prices gain
The kiwi climbed as high as 70.38USc.
from
http://www.nbr.co.nz/article/nz-dollar-rises-10-month-high-commodities-dairy-prices-gain-187842
Bank plays match-maker for NZ agriculture firms and Chinese investors
Bank of China New Zealand (BOCNZ) will host 70 visiting Chinese agribusiness representatives in Auckland.
from
http://www.nbr.co.nz/article/bank-plays-match-maker-nz-agriculture-firms-and-chinese-investors-jw-p-187826
While you were sleeping: UPDATED IBM Netflix pull down tech stocks
Wall Street blue chips advanced while the Nasdaq fell.
from
http://www.nbr.co.nz/article/while-you-were-sleeping-updated-ibm-netflix-pull-down-tech-stocks-b-187831
Tegal shares will be priced at bottom of range according to leak
Report says shares will list at $1.55 for $522m market cap.
from
http://www.nbr.co.nz/article/tegal-shares-will-be-priced-bottom-range-according-leak-ck-p-187832
MARKET CLOSE: NZX 50 rises to record; Z Energy Sky TV rise SkyCity drops
The S&P/NZX 50 Index gained 21.8 points, or 0.3 percent, to 6,873.04.
from
http://www.nbr.co.nz/article/market-close-nzx-50-rises-record-z-energy-sky-tv-rise-skycity-drops-b-187828
Monday, 18 April 2016
NZ dollar trades above 70 US cents for first time in 10 months
The kiwi rose as high as 70.02 US cents.
from
http://www.nbr.co.nz/article/nz-dollar-trades-above-70-us-cents-first-time-10-months-b-187827
Regulator says Baby City sold cots with 'structural defects'
Baby products retailer Baby City is to face nine charges over two types of cots sold between October 2014 and October 2015.
from
http://www.nbr.co.nz/article/regulator-says-baby-city-sold-cots-structural-defects-b-187823
Transport Ministry looks to streamline truck licensing make online renewals easier
Australia is the only other country with such a system.
from
http://www.nbr.co.nz/article/transport-ministry-looks-streamline-truck-licensing-make-online-renewals-easier-b-187816
Ngai Tahu changes direction Fish & Game wants winter fishing ban in Canterbury
Rural developers may acquire water rights but may be unable to otabin land use rights given catchment nutrient rules.
from
http://www.nbr.co.nz/article/ngai-tahu-changes-direction-fish-game-wants-winter-fishing-ban-canterbury-ch-p-187799
Ex-Genesis boss takes up Otakaro reins
Albert Brantley wants to bring a sense of urgency to Christchurch's project delivery.
from
http://www.nbr.co.nz/article/ex-genesis-boss-takes-otakaro-reins-ch-187807
Record season for cruisers visiting NZ ports
Official visitor counts omit tourists arriving by ship.
from
http://www.nbr.co.nz/article/record-season-cruise-passenger-numbers-sl-p-187796
Air traffic congestion hurts Asia-Pacific growth potential – Apec
Projections show the region will have half the world's travel within 20 years.
from
http://www.nbr.co.nz/article/air-traffic-congestion-hurts-asia-pacific-growth-potential-apec-ng-p-187718
While you were sleeping: Dow touches nine-month high
Dow Jones Industrial Average gained 0.4%.
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http://www.nbr.co.nz/article/while-you-were-sleeping-dow-touches-nine-month-high-b-187780
MARKET CLOSE: NZ shares tread water, Air NZ falls as Qantas signals weak demand
The S&P/NZX 50 Index gained 6.46 points, or 0.1 percent, to 6,851.2.
from
http://www.nbr.co.nz/article/market-close-nz-shares-tread-water-air-nz-falls-qantas-signals-weak-demand-b-187776
Sunday, 17 April 2016
NZ beef, lamb and mutton prices fall in first half of exporting season
Prices for beef and veal fell 2.5% to $7350 a tonne in the six months ended March 31.
from
http://www.nbr.co.nz/article/nz-beef-lamb-and-mutton-prices-fall-first-half-exporting-season-b-187715
Anti-ageing skincare company launches $3m capital raise
Corporate advisers Campbell MacPherson are running the offer. With special feature audio.
from
http://www.nbr.co.nz/article/anti-ageing-skincare-company-launches-3m-capital-raise-cs-p-187710
NZ Dollar Outlook: Traders split on outlook for kiwi as commodity, inflation eyed
The kiwi may trade between 67.50USc and 71USc this week.
from
http://www.nbr.co.nz/article/nz-dollar-outlook-traders-split-outlook-kiwi-commodity-inflation-eyed-b-187704
READER POLL RESULT: Does Fonterra’s proposed governance reform go far enough?
This follows Fonterra proposing to cut its director numbers from 13 to 11 as part of its wide-ranging governance review.
from
http://www.nbr.co.nz/article/reader-poll-result-does-fonterra-proposed-governance-reform-go-far-enough-jw-p-187694
AsureQuality partners with France's Bureau Veritas to buy Dairy Technical Services
AsureQuality will own 49% and Bureau Veritas 51% of Melbourne-based DTS.
from
http://www.nbr.co.nz/article/asurequality-partners-frances-bureau-veritas-buy-dairy-technical-services-b-187701
Market edgy ahead of this week's dairy price auction
The futures market is picking the price of whole milk powder to increase 1.5% this week.
from
http://www.nbr.co.nz/article/market-edgy-ahead-weeks-dairy-price-auction-jw-p-187700
Tegel bookbuild kicks off
Committed broker interest of $200 million, promoters say.
from
http://www.nbr.co.nz/article/tegel-bookbuild-kicks-th-p-187699
NZ dollar falls after oil production freeze fails
The kiwi dropped to 68.68USc.
from
http://www.nbr.co.nz/article/nz-dollar-falls-after-oil-production-freeze-fails-b-187686
World Week Ahead: US earnings, ECB rate decision
Dow Jones Industrial Average rose 1.8%.
from
http://www.nbr.co.nz/article/world-week-ahead-us-earnings-ecb-rate-decision-b-187684
Oil producers fail to agree on output limits
Iran's refusal to attend provided the breaking point.
from
http://www.nbr.co.nz/article/oil-producers-fail-agree-output-limits-ng-187682
Six Valuation Anchors That Investors & Buyers Look For
If you’re in the process of or looking into setting a valuation of your business for the purpose of gaining investors or buyers interest, then ...
The post Six Valuation Anchors That Investors & Buyers Look For appeared first on NZ Entrepreneur.
from
http://nzentrepreneur.co.nz/six-valuation-anchors-investors-buyers-look/
Saturday, 16 April 2016
Xero cans revealing quarterly reports
Rod Drury throws stones from his glass house.
from
http://www.nbr.co.nz/article/xero-cans-revealing-quarterly-reports-jr-p-187675
Thursday, 14 April 2016
MARKET CLOSE: NZ shares rise to record, led by Spark, Skellerup, Steel & Tube
The S&P/NZX 50 Index gained 20.93 points, or 0.3 percent, to 6,844.74.
from
http://www.nbr.co.nz/article/market-close-nz-shares-rise-record-led-spark-skellerup-steel-tube-b-187670
NZ dollar heads for 1.4% weekly gain as Chinese data points to improving global economy
The kiwi increased to 68.88 US cents at 5pm in Wellington.
from
http://www.nbr.co.nz/article/nz-dollar-heads-14-weekly-gain-chinese-data-points-improving-global-economy-b-187669
Carry on: A380 order drought breaks, Boeing beats Airbus and more
Other business traveller news includes a Virgin Australia-Alitalia codeshare and Emirates' wine spend.
from
http://www.nbr.co.nz/article/carry-a380-drought-breaks-boeing-beats-airbus-and-more-ng-p-187662
What Cavalier has pulled out of its hat is working
Regular readers of this column will be aware Shoeshine has stuck his boot into listed carpet maker Cavalier Corp on occasion.
from
http://www.nbr.co.nz/article/what-cavalier-has-pulled-out-its-hat-working-p-187653
Government open to betting on reality TV, royal babies, reality shows
Racing Minister Nathan Guy wants submissions on a series of proposals generated from a report by the Offshore Racing & Sports Betting working group for the NZRB.
from
http://www.nbr.co.nz/article/govt-open-betting-reality-tv-royal-babies-mma-under-racing-act-reform-b-187658
Auckland's top restaurateur talks factors for success
Cassia owner Sid Sahrawat says every day offers new challenges for his restaurant. With special feature audio.
from
http://www.nbr.co.nz/article/aucklands-top-restaurateur-talks-factors-success-nr-187449
Rich Lister Rolleston takes Regenerate board seat next to Brownlee mate Holden
The appointment of Mr Holden appears to be a foil against the council appointees.
from
http://www.nbr.co.nz/article/rich-lister-rolleston-takes-regenerate-board-seat-next-brownlee-mate-holden-ch-p-187646
Airports struggle with Uber drivers ignoring rules barring them from picking up passengers
Some Uber drivers pick up passengers outside the terminal though they're not permitted to do so without an airport licence.
from
http://www.nbr.co.nz/article/airports-struggle-uber-drivers-ignoring-rules-barring-them-picking-passengers-b-187644
Zespri assurance on contamination costs is ‘quality sunlight’
Concerns sparked by lack of full audit of cost allocations.
from
http://www.nbr.co.nz/article/zespri-assurance-contamination-costs-quality-sunlight-ng-p-187631
Mining giant Rio backtracks on supplier payment terms
Political pressure forces reversal.
from
http://www.nbr.co.nz/article/mining-giant-rio-backtracks-supplier-payment-terms-th-p-187624
New Zealand’s dairy future can’t be in commodities – Westland Milk boss
This came as the cooperative opened its $40 million new ultra-high temperature milk production plan this morning.
from
http://www.nbr.co.nz/article/new-zealand-dairy-future-cant-be-commodities-westland-milk-boss-jw-p-187636
DoC wins top employer award for second year
The public service and education sector dominated the top 10 list.
from
http://www.nbr.co.nz/article/doc-wins-top-employer-award-second-year-ng-187626
Wool prices slip at auction as buyers shun plant contamination
Strong wool of 39 microns dipped to $5.65 per kilogram at yesterday's North Island auction.
from
http://www.nbr.co.nz/article/wool-prices-slip-auction-buyers-shun-plant-contamination-b-187632
Buyer looks to Bethunes as a listed shell
Bethunes chairman Christopher Swasbrook says nothing is expected to come from the approach, which is "not consistent with its investment strategy."
from
http://www.nbr.co.nz/article/buyer-looks-bethunes-listed-shell-b-187605
New Zealand well placed to deliver to Asia's growing protein demand
Why would the amount of rice being eaten in Asia plateauing be good for New Zealand?
from
http://www.nbr.co.nz/article/new-zealand-well-placed-deliver-asias-growing-protein-demand-b-187598
Why aren’t there more female taxi drivers?
Have you ever hailed a cab and been greeted by a female driver?
from
http://www.nbr.co.nz/article/why-arent-there-more-female-taxi-drivers-ca-p-187546
Fonterra, Zespri back TPP
Fonterra and Zespri have voiced their support for the Trans-Pacific Partnership at a select committee hearing.
from
http://www.nbr.co.nz/article/fonterra-zespri-back-tpp-b-187599
Fraud allegations against lawyer kept secret, Shewan's review: whitewash or double bluff? Xero cans revealing quarterly reports
What's in your National Business Review print edition this week.
from
http://www.nbr.co.nz/article/fraud-allegations-against-lawyer-kept-secret-shewans-review-whitewash-or-double-bluff-xero
While you were sleeping: Bank stocks gain
Wall Street moved higher.
from
http://www.nbr.co.nz/article/while-you-were-sleeping-bank-stocks-gain-b-187613
Wednesday, 13 April 2016
MARKET CLOSE: NZ shares chart new record as equity markets revive; Westpac, ANZ, A2 gain
The NZX 50 rose 45.91 points, or 0.7 percent, to 6,823.82
from
http://www.nbr.co.nz/article/market-close-nz-shares-chart-new-record-equity-markets-revive-westpac-anz-a2-gain-b-187607
NZ dollar falls as greenback strengthens, Singapore eases policy
The kiwi dropped to 68.44 US cents at 5pm in Wellington.
from
http://www.nbr.co.nz/article/nz-dollar-falls-greenback-strengthens-singapore-eases-policy-b-187606
NZ manufacturing activity slowed for a second month
The BNZ-BusinessNZ performance of manufacturing index fell to a seasonally adjusted 54.7 last month.
from
http://www.nbr.co.nz/article/nz-manufacturing-activity-slowed-second-month-b-187535
Restaurant Brands 2016 profit rises 1%, sees 2017 profit gain of up to 25%
Profit edged up $24.1 million in the 52 weeks ended February 29.
from
http://www.nbr.co.nz/article/restaurant-brands-2016-profit-rises-1-sees-2017-profit-gain-25-b-187530
Prodigal daughter returns to Glassons
Di Humphries has stepped back into the top role – for the third time.
from
http://www.nbr.co.nz/article/prodigal-daughter-returns-glassons-cs-187524
PM enjoys hospitality at Sudima, RSA, BNZ, CERA, and Invercargill
The Sudima group is looking for other investment opportunities.
from
http://www.nbr.co.nz/article/pm-enjoys-hospitality-sudima-rsa-bnz-cera-and-invercargill-ch-187522
Fonterra proposals aim to ‘depoliticise’ board
Board numbers to drop from 13 to 11 if measures adopted.
from
http://www.nbr.co.nz/article/fonterra-proposals-aim-depoliticise-board-th-p-187521
Editor’s Insight: The good oil on energy’s future direction
Low prices have proved a double-edged sword for producers and users. With special feature audio.
from
http://www.nbr.co.nz/opinion/editors-insight-good-oil-energy-future-direction-ng
Postie Plus launches new retail model
Postie Plus reinvents NZ stores. With special feature audio.
from
http://www.nbr.co.nz/article/postie-plus-launches-new-retail-model-sl-p-187505
Dollar falls amid broad US dollar strength ahead of inflation data
Soft US economic data doesn't deter kiwi from rising.
from
http://www.nbr.co.nz/article/nz-dollar-falls-amid-broad-us-dollar-strength-ahead-inflation-data-b-187520
Infratil more likely to spend its $1b war chest than return it to shareholders
Infratil has "a sufficiently robust and plausible set of investments" available to it. With special feature audio.
from
http://www.nbr.co.nz/article/infratil-more-likely-spend-its-1b-warchest-return-it-shareholders-jr-p-187516
Diligent chairman gets a grilling
Merger transaction goes ahead, but small shareholders land a few blows. With special feature audio.
from
http://www.nbr.co.nz/article/diligent-chairman-gets-grilling-th-p-187494
While you were sleeping: UPDATED JPMorgan Chase, China lift Wall St to year's high
The Dow rises 187 points to its highest level this year.
from
http://www.nbr.co.nz/article/while-you-were-sleeping-jpmorgan-chase-china-lift-mood-b-187514
A2 share price fall a ‘knee-jerk reaction’
Analysts says new Chinese regulations on e-commerce will be good for the company in the long run.
from
http://www.nbr.co.nz/article/a2-share-price-fall-knee-jerk-reaction-jw-p-187507
Tuesday, 12 April 2016
MARKET CLOSE: NZ shares hit record, Fletcher, SkyTV and A2 lead index
The NZX50 Index advanced 51.9 points, or 0.8 percent, to 6,777.92.
from
http://www.nbr.co.nz/article/market-close-nz-shares-hit-record-fletcher-skytv-and-a2-lead-index-b-187511
NZ dollar gains as housing, food price data hints at stronger inflation
The kiwi rose to 69.39 US cents at 5pm in Wellington.
from
http://www.nbr.co.nz/article/nz-dollar-gains-housing-food-price-data-hints-stronger-inflation-b-187509
Cavalier consolidates wool manufacturing plants to boost profits
Cavalier expects to "return to acceptable levels of profitability" in the 2017 financial year.
from
http://www.nbr.co.nz/article/cavalier-consolidates-wool-manufacturing-plants-boost-profits-b-187502
Diligent shareholders vote for takeover by Insight Venture Partners
It means the company will delist from the NZX tomorrow after a decade and the deal will then close on Friday.
from
http://www.nbr.co.nz/article/diligent-shareholders-vote-takeover-insight-venture-partners-b-187484
Martin Aircraft replaces jetpack engine with more powerful engine
Testing has been under way since last year.
from
http://www.nbr.co.nz/article/martin-aircraft-replaces-jetpack-engine-more-powerful-engine-b-187481
Infratil sees bigger earnings for 2017, has up to $1 billion to spend
Underlying earnings before interest, tax, depreciation and amortisation from continuing operations are forecast to be $475-515 million in the year ending March 31, 2017.
from
http://www.nbr.co.nz/article/infratil-sees-bigger-earnings-2017-has-1-billion-spend-b-187478
Michael Hill calls shareholder meeting for move to ASX
The jeweller wants to move its primary listing to Australia but needs shareholder permission.
from
http://www.nbr.co.nz/article/michael-hill-calls-shareholder-meeting-move-asx-cs-187468
Fonterra relaxed as competitors’ shares plummet
This followed A2, Blackmores and Bellamy’s Organic’s shares all falling following new Chinese regulations.
from
http://www.nbr.co.nz/article/fonterra-relaxed-competitors-shares-plummet-jw-187467
A Tracy by any other name is not so sweet-as
Sir Bob Jones profiles Dame Susan Devoy.
from
http://www.nbr.co.nz/opinion/tracy-any-other-name-not-so-sweet-bj
What to look out for in Restaurant Brands' results
The KFC operator releases full-year results tomorrow.
from
http://www.nbr.co.nz/article/what-look-out-restaurant-brands-results-cs-p-187457
NZ dollar higher as oil prices improve
The kiwi touched 69.25USc.
from
http://www.nbr.co.nz/article/nz-dollar-higher-oil-prices-improve-b-187465
Fonterra board size in focus in first governance overhaul since inception
Fonterra is scheduled to release a set of proposals to refresh its governance structures on Thursday.
from
http://www.nbr.co.nz/article/fonterra-board-size-focus-first-governance-overhaul-inception-b-187458
21-day deadline for Torchlight disclosure
Caymans court backs investors seeking documents from PGC subsidiary.
from
http://www.nbr.co.nz/article/21-day-deadline-torchlight-disclosure-th-p-187441
While you were sleeping: Oil report lifts mood
Wall Street took its cue from rising oil prices.
from
http://www.nbr.co.nz/article/while-you-were-sleeping-oil-report-lifts-mood-b-187463
Monday, 11 April 2016
MARKET CLOSE: NZ shares rise as Orion Health wins contracts, SkyCity climbs; A2 drops
The S&P/NZX 50 Index gained 0.9 points, or 0.01 percent, to 6726.02.
from
http://www.nbr.co.nz/article/market-close-nz-shares-rise-orion-health-wins-contracts-skycity-climbs-a2-drops-b-187459
NZ dollar extends gains to highest level in more than a week on commodity rally, weak greenback
The kiwi rose to 68.83 US cents as at 5pm in Wellington.
from
http://www.nbr.co.nz/article/nz-dollar-extends-gains-highest-level-more-week-commodity-rally-weak-greenback-b-187454
PM declares deposit in trustee firm specialising in foreign trusts
John Key has declared a short-term deposit to a company which specialises in foreign trusts.
from
http://www.nbr.co.nz/article/pm-declares-deposit-trustee-firm-specialising-foreign-trusts-b-187451
PGG Wrightson chairman withdraws Agria takeover offer
PGW shares rose 1.3 percent to 40 cents.
from
http://www.nbr.co.nz/article/pgg-wrightson-chairman-withdraws-agria-takeover-offer-b-187453
Cavalier asked to explain 27% share price jump
The NZX has written to Cavalier Corp asking the carpet maker for an explanation for a 27% jump in its share price in under a week.
from
http://www.nbr.co.nz/article/cavalier-asked-explain-27-share-price-jump-b-187447
Opus directors challenged over new strategy
Directors were asking shareholders to "just believe us" With special feature audio.
from
http://www.nbr.co.nz/article/opus-directors-challenged-over-new-strategy-ch-p-187438
NZ record tourism pushes hotel, motel occupancy to highest ever levels
The country's hotel occupancy rate increased 2.4 percentage points to a record high 80.3 percent in February.
from
http://www.nbr.co.nz/article/nz-record-tourism-pushes-hotel-motel-occupancy-highest-ever-levels-b-187444
Opus switches tack to counter adverse trading conditions
A new global growth strategy has been under development for several months.
from
http://www.nbr.co.nz/article/opus-switches-tack-counter-adverse-trading-conditions-ch-p-187424
Long-awaited grid cost-sharing paper due May 17
The Electricity Authority says it will release its transmission pricing methodology paper and run an eight-week consultation.
from
http://www.nbr.co.nz/article/long-awaited-grid-cost-sharing-paper-due-may-17-b-187427
No CEO dispute, says SkyCity
Capital raising ‘an option’ if hotel sale unsuccessful, analysts told.
from
http://www.nbr.co.nz/article/no-ceo-dispute-says-skycity-th-p-187406
MARKET CLOSE: NZ shares fall; A2 Milk, Genesis drop, Nuplex gains as takeover backed
The S&P/NZX 50 Index dropped 5.18 points, or 0.1 percent, to 6,725.
from
http://www.nbr.co.nz/article/market-close-nz-shares-fall-a2-milk-genesis-drop-nuplex-gains-takeover-backed-b-187411
Sunday, 10 April 2016
NZ dollar gains ahead of Fed meeting, dairy futures point to price increase
The kiwi rose to 68.21 US cents at 5pm in Wellington.
from
http://www.nbr.co.nz/article/nz-dollar-gains-ahead-fed-meeting-dairy-futures-point-price-increase-b-187409
NZ Pharmaceuticals gets $49.6m cash injection as Archer Capital takes over
Last week Direct Capital completed the sale of its 51% stake in NZP for an undisclosed sum to Archer.
from
http://www.nbr.co.nz/article/nz-pharmaceuticals-gets-496m-cash-injection-archer-capital-takes-over-b-187395
Lion's pride holds against craft brewers
The country's largest brewer shares honours in New World Beer & Cider Awards.
from
http://www.nbr.co.nz/article/lions-pride-holds-against-craft-brewers-ng-187369
READER POLL RESULT: Should Fonterra split out its consumer business?
NBR columnist Matthew Hooton says the “Fonterra experiment had failed.” With special feature audio.
from
http://www.nbr.co.nz/article/reader-poll-result-should-fonterra-split-out-its-consumer-business-jw-p-187379
Late judge established $30m charitable trust
Chief Justice says the late Judge Ian Borrin has left a "magnificent legacy."
from
http://www.nbr.co.nz/article/late-judge-established-30m-charitable-trust-hm-187389
Felix Dennis on good ideas
“Good ideas are like Nike sports shoes. They may facilitate an athlete who possesses them, but on their own they are nothing but an overpriced ...
The post Felix Dennis on good ideas appeared first on NZ Entrepreneur.
from
http://nzentrepreneur.co.nz/felix-dennis-good-ideas/
NZ Dollar Outlook: Kiwi may remain flat this week as it seeks new impetus
The kiwi may trade between 66USc and 70.15USc this week.
from
http://www.nbr.co.nz/article/nz-dollar-outlook-kiwi-may-remain-flat-week-it-seeks-new-impetus-b-187385
Nuplex directors unanimously back $1.05 billion Allnex bid
The companies have signed a scheme implementation agreement.
from
http://www.nbr.co.nz/article/nuplex-directors-unanimously-back-105-billion-allnex-bid-b-187383
NZ dollar advances as commodity currencies boosted by oil price gains
The kiwi traded at 67.93USc at 8am in Wellington.
from
http://www.nbr.co.nz/article/nz-dollar-advances-commodity-currencies-boosted-oil-price-gains-b-187374
Experts aim to combine science with food for healthier future
A scientific symposium in Auckland this week will discuss progress in high-value nutritional foods. With special feature audio.
from
http://www.nbr.co.nz/article/experts-aim-combine-science-food-healthier-future-ng-p-187323
World Week Ahead: IMF outlook, US reporting season in focus
Wall Street last week gave up some of its recent gains as concerns about the global economy.
from
http://www.nbr.co.nz/article/world-week-ahead-imf-outlook-us-reporting-season-focus-b-187370
10 Questions with Greig Cranfield of Yudoozy
Greig Cranfield Co-founder of Yudoozy and Auckland Director of StartUp Grind shares some of the key realities of being an entrepreneur and what it takes ...
The post 10 Questions with Greig Cranfield of Yudoozy appeared first on NZ Entrepreneur.
from
http://nzentrepreneur.co.nz/10-questions-greig-cranfield-yudoozy/
Saturday, 9 April 2016
Doors of opportunity open with 'internet of things'
Rakon hopes IoT play will boost its floundering share price.
from
http://www.nbr.co.nz/article/doors-opportunity-open-internet-things-cs-p-187322
Doors of opportunity open with 'internet of things'
Rakon hopes IoT play will boost its floundering share price.
from
http://www.nbr.co.nz/article/doors-opportunity-open-internet-things-cs-p-187322
Carry on: Airbus' biggest corporate jet, first A330neo for TAP and more
Business travel news also includes an update on Port Vila airport and first night flight out of Queenstown.
from
http://www.nbr.co.nz/article/carry-airbus-biggest-corporate-jet-first-a330neo-tap-and-more-ng-187338
Thursday, 7 April 2016
MARKET CLOSE: NZ shares fall from record on SkyCity CEO departure; Kathmandu, Orion gain
The S&P/NZX 50 shed 24.94 points, or 0.4 percent, to 6,730.29.
from
http://www.nbr.co.nz/article/market-close-nz-shares-fall-record-skycity-ceo-departure-kathmandu-orion-gain-b-187351
Sunday Business & Week in Review
The Business Week in Review wraps up the week's best NBR Radio content. Sunday Business with Andrew Patterson is New Zealand's only feature-length business programme.
from
http://www.nbr.co.nz/weekend-specials
NZ dollar heads for 1.6% weekly decline as investors remain uncertain of timing
The local dollar fell to 67.78 US cents at 5pm in Wellington.
from
http://www.nbr.co.nz/article/nz-dollar-heads-16-weekly-decline-investors-remain-uncertain-timing-b-187349
Bottling water and cutting out the middle-cow
OPINION: Eric Crampton went through the current controversies about an Ashburton water bottling plant.
from
http://www.nbr.co.nz/opinion/bottling-water-and-cutting-out-middle-cow-ec
A brutal comparison between Fonterra and Murray Goulburn
Last August Fonterra chief executive Theo Spierings said he thought that Australian dairy farmers were being paid too much for their milk.
from
http://www.nbr.co.nz/article/brutal-comparison-between-fonterra-and-murray-goulburn-p-187334
Government should force Fonterra split
With the failed co-op begging for legislative change, the government has one last change to get it right. With special feature audio.
from
http://www.nbr.co.nz/opinion/government-should-force-fonterra-split-mh
Wool prices advance on lower kiwi, increased demand
Strong wool of 39 microns rose to $5.75 per kilogram at yesterday's South Island auction.
from
http://www.nbr.co.nz/article/nz-wool-prices-advance-lower-kiwi-increased-demand-b-187310
Zespri puts hold on 1.7m kiwifruit trays affected by oil leak in packaging
The fruit is still within Zespri's distribution system.
from
http://www.nbr.co.nz/article/zespri-puts-hold-17m-kiwifruit-trays-affected-oil-leak-packaging-b-187304
Modest sales growth for Michael Hill in first nine months
Third quarter results show particular promise for its new Emma & Roe brand.
from
http://www.nbr.co.nz/article/marginal-sales-growth-michael-hill-first-nine-months-cs-187299
Tax havens and Panama Papers: a Q&A
Q & A about the Panama Papers with NBR's Rob Hosking.
from
http://www.nbr.co.nz/opinion/tax-havens-and-panama-papers-rh
While you were sleeping: UPDATED Stocks retreat on renewed global growth fears
Stocks slid, the yen strengthened and US bonds rose in a broad pullback from risk.
from
http://www.nbr.co.nz/article/while-you-were-sleeping-growth-worries-ratchet-higher-b-187285
Future prosperity depends on overcoming foreign investment fears
OPINION: ExportNZ head outlines new findings on benefits of foreign direct investment.
from
http://www.nbr.co.nz/article/OPINION-future-prosperity-depends-overcoming-foreign-investment-fears-p-187220
The smog of war: Balancing emissions with reputation
Supplying what people need often impacts the environment; the key is balance. With special feature audio.
from
http://www.nbr.co.nz/article/smog-war-balancing-emissions-reputation-ns-p-187229
Steel & Tube 'maintains confidence' in seismic mesh, says regulator only tested 3 sheets
The company said that it would only sell earthquake reinforcing mesh certified by an independent testing laboratory.
from
http://www.nbr.co.nz/article/steel-tube-maintains-confidence-seismic-mesh-says-regulator-only-tested-3-sheets-b-187274
‘Don’t bank on a dairy price bounce back in a hurry’ – Rich Lister
Dairy Holdings Limited director and part owner Colin Armer says farmers should make decisions based on the current being ‘the new norm.’
from
http://www.nbr.co.nz/article/dont-bank-dairy-price-bounce-back-hurry-rich-lister-jw-p-187231
MARKET CLOSE: NZ shares chart new record; Orion extends gains, SkyCity drops as CEO quits
The NZX 50 rose 20.95 points, or 0.3 percent, to 6,755.22.
from
http://www.nbr.co.nz/article/market-close-nz-shares-chart-new-record-orion-extends-gains-skycity-drops-ceo-quits-b-187278
Wednesday, 6 April 2016
NZ dollar gains on tentative Fed, stronger crude oil as China's big data week awaited
The kiwi rose to 68.27 US cents at 8am in Wellington.
from
http://www.nbr.co.nz/article/nz-dollar-gains-tentative-fed-stronger-crude-oil-chinas-big-data-week-awaited-b-187277
JBS bid for majority control of Scott Technology goes unconditional
Scott Technology said the High Court had approved the scheme of arrangement on April 6.
from
http://www.nbr.co.nz/article/jbs-bid-majority-control-scott-technology-goes-unconditional-b-187272
SkyCity scotches Darwin sale speculation
Shares fall on news of CEO's departure.
from
http://www.nbr.co.nz/article/skycity-scotches-darwin-sale-speculation-th-p-187269
Harbour sells more than half its Diligent stake ahead of trading halt
Harbour Asset Management isn't waiting for the vote on the Diligent takeover but is heading for the exits early.
from
http://www.nbr.co.nz/article/harbour-sells-more-half-its-diligent-stake-ahead-trading-halt-jr-p-187261
Queensland the weak spot in Abano's otherwise bright outlook
Abano is forecasting a more than 50% increase in underlying profit but sales are falling at its Queensland dental practices. With special feature audio.
from
http://www.nbr.co.nz/article/queensland-weak-spot-abanos-otherwise-bright-outlook-jr-p-187240
READER POLL RESULT: Kiwibank sale the way to go?
NZ Post’s proposed partial sale of KiwiBank Group Holdings to government funds NZ Super Fund and ACC has been given the stamp of approval by NBR readers.
from
http://www.nbr.co.nz/article/reader-poll-result-kiwibank-sale-way-go-cg-p-187245
Giesen hopes to buy part of its US distribution company
Giesen Wines is in negotiations to buy a share of Pacific Highway Wines & Spirits.
from
http://www.nbr.co.nz/article/giesen-hopes-buy-part-its-us-distribution-company-ca-p-187237
Businesses spend more on R&D but the number of companies shows little change
The Business Operations Survey: 2015 shows total R&D spending rose by 15% to $1.4 billion from 2014.
from
http://www.nbr.co.nz/article/nz-businesses-spend-more-rd-number-companies-shows-little-change-b-187201
Singapore Airlines lifts stake in Virgin Australia
Speculation increases it is shaping up to buy Air New Zealand’s stake.
from
http://www.nbr.co.nz/article/singapore-airlines-lifts-stake-virgin-australia-cs-p-187214
10 Questions with Greig Cranfield of Yudoozy
Greig Cranfield Co-founder of Yudoozy and Auckland Director of StartUp Grind shares some of the key realities of being an entrepreneur and what it takes ...
The post 10 Questions with Greig Cranfield of Yudoozy appeared first on NZ Entrepreneur.
from
http://nzentrepreneur.co.nz/10-questions-greig-cranfield-yudoozy/
Is your Strengths Wheel turning smoothly?
“Strengths what…?” Well, to get on top and stay on top it’s not enough to look after and develop just one area of strength. We ...
The post Is your Strengths Wheel turning smoothly? appeared first on NZ Entrepreneur.
from
http://nzentrepreneur.co.nz/strengths-wheel-turning-smoothly/
SkyCity CEO Nigel Morrison resigns
Casino boss 'keen to take a break'
from
http://www.nbr.co.nz/article/skycity-ceo-nigel-morrison-resigns-th-187211
Farming due diligence guide for directors launched
“One size does not fit all when it comes to governance,” Mr Arcus says. With special feature audio.
from
http://www.nbr.co.nz/article/farming-due-diligence-guide-directors-launched-jw-p-187199
Be encouraged #nzentrepreneurs
There’s a lot of inspiration and pearls of wisdom to be gained in this issue from fellow Kiwi entrepreneurs a long way into their journey ...
The post Be encouraged #nzentrepreneurs appeared first on NZ Entrepreneur.
from
http://nzentrepreneur.co.nz/be-encouraged-nzentrepreneurs/
Countdown phases out Homebrand
Homebrand will be replaced by Essentials over the next two years.
from
http://www.nbr.co.nz/article/countdown-phases-out-homebrand-cg-187198
Abano expects gain in annual earnings on lift from NZ dental unit
That compares with a year-earlier profit of $5.6 million for its continuing businesses.
from
http://www.nbr.co.nz/article/abano-expects-gain-annual-earnings-lift-nz-dental-unit-b-187194
Auckland Airport refinances $300 million of bank facilities
The existing facilities are to mature on April 30.
from
http://www.nbr.co.nz/article/auckland-airport-refinances-300-million-bank-facilities-b-187195
Govt ignored foreign trust threat for over 15 years – TINZ
Anti-corruption organisation warned of reputational risks as recently as 2013.
from
http://www.nbr.co.nz/article/govt-ignored-foreign-trust-threat-over-15-years-tinz-ng-187190
Chinese capital controls a cat and mouse game and the mouse is likely to win
China is awash with credit as it props up failing companies but households are awash with cash. With special feature audio.
from
http://www.nbr.co.nz/article/chinese-capital-controls-cat-and-mouse-game-and-mouse-likely-win-jr-p-187189
Steel & Tube mesh failed tests – Commerce Commission
The regulator launched an investigation into Steel & Tube last month.
from
http://www.nbr.co.nz/article/commerce-commission-says-steel-tube-mesh-failed-its-tests-b-187180
Breakers sale attracting international interest
Interest in Breakers varied in what a deal might look like.
from
http://www.nbr.co.nz/article/breakers-sale-attracting-international-interest-hm-p-187173
Will NZ’s OCR drop below Australia’s?
OCR parity with Australia could be only months away.
from
http://www.nbr.co.nz/article/will-nz-ocr-drop-below-australia-jw-p-187176
While you were sleeping: Pfizer, Allergan terminate deal
$US160 billion pharmaceutical giants merger off.
from
http://www.nbr.co.nz/article/while-you-were-sleeping-pfizer-allergan-terminate-deal-b-187183
MARKET CLOSE: NZ shares rise; Orion, Comvita gain on news
The S&P/NZX50 gained 18.46 points or 0.3 percent to 6,734.27.
from
http://www.nbr.co.nz/article/market-close-nz-shares-rise-orion-comvita-gain-news-b-187179
OIO signs off Vector transmission network sale to First State Funds
Sale expected to be completed by middle of this month.
from
http://www.nbr.co.nz/article/oio-signs-vector-transmission-network-sale-first-state-funds-b-187177
NZ dollar little changed after rebound on dairy auction
The kiwi dollar traded at 68.13 US cents at 5pm in Wellington.
from
http://www.nbr.co.nz/article/nz-dollar-little-changed-after-rebound-dairy-auction-yellen-awaited-b-187178
Tuesday, 5 April 2016
A2 Milk sets out changes imposed by Chinese regulators
The company said the dairy product now accounts for 53 percent of group revenue.
from
http://www.nbr.co.nz/article/a2-milk-sets-out-changes-imposed-chinese-regulators-b-187172
Steel & Tube imposes new testing regime on seismic mesh, warns of supply shortages
The company had admitted using the logo of independent testing laboratory Holmes Solutions on its steel mesh for four years.
from
http://www.nbr.co.nz/article/steel-tube-imposes-new-testing-regime-seismic-mesh-warns-supply-shortages-b-187170
Cullen dismisses Greens’ claim Kiwibank sale is first step to privatisation
“There’s no backdoor route to privatisation, there’s no conspiracy here” – New Zealand Post Group Chair Sir Michael Cullen. With special feature audio.
from
http://www.nbr.co.nz/article/cullen-dismisses-greens-claim-kiwibank-sale-first-step-privatisation-cg-p-187164
Taxpayer funds F&P Appliance's R&D push to tune of $15m+
The good news: The Chinese-owned F&P Appliances has hired more than it's fired during its NZ re-focus on R&D. The bad news: you're picking up the tab. With special feature audio.
from
http://www.nbr.co.nz/opinion/taxpayer-funds-fp-appliances-rd-push-tune-15m
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