Latest Finance Headlines

NZ dollar slips as Key says kiwi over-valued

Mon, 28 Jul 2014 17:18:14 +1200 | BusinessDesk

July 28 (BusinessDesk) - The New Zealand dollar fell to a month-low after Prime Minister John Key said he agreed with the Reserve Bank that the currency is over-valued and as traders anticipate an announcement from Fonterra Cooperative Group tomorrow which ...More >>

Too early to predict returns from NZVIF's seed fund: Banga

Mon, 28 Jul 2014 16:12:56 +1200 | BusinessDesk

July 28 (BusinessDesk) - The government-backed New Zealand Venture Investment Fund says it's still too early to judge the performance of the Seed Co-Investment Fund, which backs early-stage firms alongside angel investors.More >>

UPDATE: Acurity shareholders launch all-cash takeover bid

Mon, 28 Jul 2014 12:43:22 +1200 | BusinessDesk

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

Burger King widens annual losses on rising costs

Mon, 28 Jul 2014 12:40:43 +1200 | BusinessDesk

July 28 (BusinessDesk) - Blackstone Group's Burger King chain in New Zealand widened its loss in 2013 as rising sales, in an increasingly crowded burger market, were offset by higher costs for raw materials and consumables, and increased property ...More >>

NZX first-half activity shows boosted volume, falling value

Mon, 28 Jul 2014 10:37:31 +1200 | BusinessDesk

July 28 (BusinessDesk) - The volume of cash trading on the NZX rose 22 percent in the first six months of the year, compared to a year earlier, with 16 new listings across its debt and equities markets, including four companies debuting on the bourse. ...More >>

Dorchester Pacific to bid $3/share for Turners Auctions

Mon, 28 Jul 2014 10:33:37 +1200 | BusinessDesk

July 28 (BusinessDesk) - Dorchester Pacific plans to offer $3 a share in cash, shares and notes for Turners Auctions, valuing the auction company at $82 million, after winning support from chairman and major shareholder Michael Dossor.More >>

Major Acurity shareholders launch all-cash takeover bid

Mon, 28 Jul 2014 09:57:19 +1200 | BusinessDesk

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

Home loan affordability improves in June

Fri, 25 Jul 2014 17:01:19 +1200 | Roost Mortgages

Home loan affordability improves in June after house price falls, more than offsetting interest rate rises More >>

Kiwibank exits Goodman Property's $600 mln lending syndicate

Fri, 25 Jul 2014 14:02:39 +1200 | BusinessDesk

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

Chapman Tripp Continues to Advise on National Flow of IPOS

Fri, 25 Jul 2014 13:50:05 +1200 | Chapman Tripp

Chapman Tripp’s Auckland and Wellington Capital Markets teams have advised Scales Corporation and ikeGPS on this week’s initial public offerings ( IPOs ) and listings on the NZX Main Board. Chapman Tripp has acted for the issuer on six of the nine ...More >>

NZ businesses still upbeat, confidence on the wane

Fri, 25 Jul 2014 13:26:10 +1200 | BusinessDesk

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

Currency Weekly AUD-NZD: Book your parity party, but not yet

Fri, 25 Jul 2014 11:26:39 +1200 | HSBC Global Research

Since the 2011 high, the AUD-NZD cross has fallen about 20% and has come close to making new post-float lows. While the latest increase in interest rates from the RBNZ was widely expected. The jawboning of the currency lower as well as the announcement ...More >>

BookIt first to accept China Union Pay online in NZ

Thu, 24 Jul 2014 16:48:00 +1200 | BookIt

New Zealand tourism operators can now be better prepared for the growing number of Chinese tourists as Trade Me’s booking engine, BookIt, on Thursday becomes the first local online booking engine to accept payment via China Union Pay cards.More >>

Fees and rates: savvy shoppers can get bang for their buck

Thu, 24 Jul 2014 14:59:39 +1200 | Canstar

CANSTAR releases its 2014 deposit accounts star ratings report today, researching and rating 59 products from 12 institutions across six transaction profiles to determine which deposit accounts offer outstanding value for consumersMore >>

Responsible Investments Growing, Outperforming

Thu, 24 Jul 2014 13:35:24 +1200 | Responsible Investment Association Australasia

Australia’s most comprehensive report into the responsible investment sector has found the market is undergoing a period of huge growth, with total funds under management in Australia and New Zealand in broad responsible investments increasing by 13% to ...More >>

Hiked again, but short pause now expected

Thu, 24 Jul 2014 13:22:24 +1200 | HSBC Bank

The RBNZ hiked its cash rate by another 25bp to 3.50%, as expected. As noted in the statement, the economy continues to grow at an above trend pace and, although inflation is low, for now, they expect domestically-produced inflation to pick-up. Today's ...More >>

Credit union rules to change

Thu, 24 Jul 2014 13:11:38 +1200 | New Zealand Government

Commerce Minister Craig Foss says changes are underway to give credit unions improved legal status and promote innovation, efficiency and accountability in the industry. More >>

Angels flying with new fund

Thu, 24 Jul 2014 12:12:50 +1200 | NZ Venture Investment Fund

The New Zealand Venture Investment Fund is partnering with a group of experienced NZ and ex-pat angel investors who have formed Flying Kiwi Angels to invest into start-up companies.More >>

Interest rate rise will hit the regions

Thu, 24 Jul 2014 12:08:36 +1200 | New Zealand Labour Party

The latest interest rate rise will hit the fragile regional economies of New Zealand and hurt exporters by putting more upward pressure on the exchange rate, says Labour’s Finance spokesperson David Parker.More >>

FMA satisfied with 'pre-offer' talks before prospectuses

Thu, 24 Jul 2014 11:23:13 +1200 | BusinessDesk

July 24 (BusinessDesk) - The Financial Markets Authority sees no need to regulate how issuers and their book runners communicate with institutional investors prior to a prospectus being registered after criticism offer documents were issued too ...More >>

 

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