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Saturday, 04 July 2015
MARKET CLOSE: NZ shares fall on Greek worries; A2, Xero drop
17:33 | 3/7/15
July 3 (BusinessDesk) - New Zealand shares fell as uncertainty over Greece's debt default sapped risk appetite and demand for equities. A2 Milk Co, Xero and Fletcher Building declined. Pumpkin Patch sank to a record low.
Choice Hotels Adds Kaikoura to NZ Portfolio
17:21 | 3/7/15
Choice Hotels Australasia, one of Australasia’s largest hotel franchisors, welcomes Quality Suites Kaikoura to its growing portfolio. Based in the seaside town of Kaikoura, the addition of Quality Suites Kaikoura will take its New Zealand offering to 35 ...
NZ dollar heads for 1.8% weekly drop; Greek referendum looms
17:10 | 3/7/15
July 3 (BusinessDesk) - The New Zealand dollar is heading for a 1.8 percent weekly decline as financial markets remain volatile ahead of Greece's referendum on whether to accept a bailout package from its European creditors, and as the wheels start ...
Site Safe Construction Health and Safety Awards
16:34 | 3/7/15
Entries are now open for the 2015 Site Safe NZ Construction Health and Safety Awards.
McKay Group has closed Acquisition of Downer Tenix Kawerau
16:20 | 3/7/15
McKay Group has closed on Acquisition of Downer Tenix Kawerau Branch, increases access to mechanical, electrical and automation engineering services.
FMA strategy to boost understanding and knowledge
16:07 | 3/7/15
The Financial Markets Authority (FMA) today released its Investor Capability Strategy, which aims to build knowledge, understanding and confidence about making investment decisions.
Low flyer wins top prize at NZ aviation awards
15:18 | 3/7/15
The business is usually flying close to the ground. But this week, top dressing firm Ravensdown Aerowork was the high flyer when it took out the prestigious ServiceIQ Award for Excellence in Training at the Aviation Industry Association Awards in Queenstown.
UPDATE: Beingmate slides further in Shenzhen tumble
15:12 | 3/7/15
July 3 (BusinessDesk) - Beingmate Baby & Child Food Co shares have more than halved in value on the Shenzhen stock exchange over the past three weeks, pushing their price 21 percent below what Fonterra Cooperative Group paid for its 18.8 percent ...
Chapman Tripp Advises Arvida on Successful Capital Raising
15:10 | 3/7/15
Chapman Tripp has advised Arvida Group Limited (Arvida) on its $62m acquisition of three Auckland aged care facilities and a $35m capital raising, which includes a $30m private placement that settled today.
The Loop Duty Free lands at Auckland International Airport
14:48 | 3/7/15
The Loop Duty Free has announced that it is officially open for business to all passengers travelling through Auckland International Airport. After securing the seven year retail contract with Auckland Airport in February this year, Air Rianta ...
BAT NZ sucks up excise tax hike as annual earnings slip 3.9%
14:15 | 3/7/15
July 3 (BusinessDesk) - British American Tobacco Holdings (New Zealand), the nation's largest cigarette company, reported a 3.9 percent decline in annual profit as it absorbed the government's latest hike in excise tax.
Murray Radford resigns as chairman of Mowbray
14:08 | 3/7/15
July 3 (BusinessDesk) - Murray Radford will retire as chairman of Mowbray Collectibles as the auction house prepares to rename as Bethunes after selling units and repaying debt.
RESEND: Alliance shareholders confident of forcing meeting
13:48 | 3/7/15
July 3 (BusinessDesk) - Disgruntled Alliance Group shareholders say they hope to have the support from 5 percent of their number within the next 10 days that's required to force a special meeting to discuss the potential benefits and risks of a merger ...
America’s Cup stalwart selling up his NZ property
13:46 | 3/7/15
The man regarded as the world’s best America’s Cup campaign organiser – and with three decades of involvement with yachting in New Zealand – is selling up his Kiwi-dream waterfront property…. without ever having stayed a night there.
Alliance shareholders confident of forcing meeting on merger
12:41 | 3/7/15
July 3 (BusinessDesk) - Disgruntled Alliance Group shareholders say they hope to have the support from 5 percent of their number within the next 10 days required to force a special meeting to discuss the potential benefits and risks of a merger ...
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