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Kiwi News - Page 166

NZ dollar sets new records against Aussie, euro
New Zealand Dollar

NZ dollar sets new records against Aussie, euro

The New Zealand dollar set new records against the euro and the Australian dollar as investors sold the greenback on concern the US may hike interest.

By Pattrick Smellie • 2 min read • Mon, 23rd Mar 2015
MARKET CLOSE: NZ shares rise led by Pacific Edge, Kiwi Property
Power / Energy

MARKET CLOSE: NZ shares rise led by Pacific Edge, Kiwi Property

New Zealand shares rose, paced by Property For Industry, Kiwi Property Group and Goodman Property Trust as investor appetite for yield returned.

By Pattrick Smellie • 3 min read • Fri, 20th Mar 2015
Warehouse says 63% of permanent staff now on 'career retailer wage'
Red Shirt

Warehouse says 63% of permanent staff now on 'career retailer wage'

Mark Powell says he hopes to eventually see someone promoted to his role that started out in the Red Shirts in Schools programme as a 16 year old.

By Pattrick Smellie • 4 min read • Fri, 20th Mar 2015
NZ consumer confidence edges up in March, boding well for economic growth
Roy Morgan Research

NZ consumer confidence edges up in March, boding well for economic growth

New Zealand's consumer confidence index rose to 124.6 in March from 124 in February, signalling optimism for economic growth in 2015.

By Pattrick Smellie • 2 min read • Fri, 20th Mar 2015
Pumpkin Patch seeks proposals after approaches to buy, refinance company; shares gain
Banking

Pumpkin Patch seeks proposals after approaches to buy, refinance company; shares gain

Pumpkin Patch is seeking formal proposals after receiving approaches to buy or refinance the company. The shares rose 26 percent.

By Pattrick Smellie • 3 min read • Fri, 20th Mar 2015
Petromac develops 'bent stick' device that guides wireline loggers in oil wells
Callaghan Innovation

Petromac develops 'bent stick' device that guides wireline loggers in oil wells

Petromac has developed a disruptive technology that allows oil and gas companies to get better data from wireline logging of oil wells.

By Pattrick Smellie • 4 min read • Fri, 20th Mar 2015
NZ dollar gains as more-cautious Fed prompts clean-out of long greenback positions
NZX

NZ dollar gains as more-cautious Fed prompts clean-out of long greenback positions

Kiwi currency soars as Fed's cautious stance leads to US dollar sell-off, with traders abandoning bullish bets.

By Pattrick Smellie • 2 min read • Thu, 19th Mar 2015
FMA lifts head count to 170 staff as it probes new areas
EduTech

FMA lifts head count to 170 staff as it probes new areas

The New Zealand Financial Markets Authority has hired 170 staff and plans to invest in technology to fulfill its regulatory role.

By Pattrick Smellie • 3 min read • Thu, 19th Mar 2015
NZ, Vietnam aim to double two-way trade to $2.2B by 2020

NZ, Vietnam aim to double two-way trade to $2.2B by 2020

NZ and Vietnam set ambitious $2.2B trade goal by 2020, after vibrant growth fuels leaders' confidence in bilateral ties.

By Pattrick Smellie • 1 min read • Thu, 19th Mar 2015
No more Air NZ points for BNZ credit cards as Westpac steps in; cash replacement mooted
Westpac

No more Air NZ points for BNZ credit cards as Westpac steps in; cash replacement mooted

BNZ cut off from Air NZ points as Westpac fills the void, with a cash-back scheme to quell customer concerns over rewards.

By Pattrick Smellie • 2 min read • Thu, 19th Mar 2015
Salt Funds wins mandate for AMP Capital's $690M active NZ equity funds
Salt Funds Management

Salt Funds wins mandate for AMP Capital's $690M active NZ equity funds

Salt Funds Management secures a mandate to manage AMP Capital's NZD $690M active New Zealand equity funds, nearly doubling its existing funds under management.

By Pattrick Smellie • 2 min read • Thu, 19th Mar 2015
Mainfreight forecasts annual profit hike, pays tribute to Rowlands
Data Analytics

Mainfreight forecasts annual profit hike, pays tribute to Rowlands

Mainfreight anticipates up to a 7.1% profit increase, driven by revenues surpassing USD $2 billion, while honouring the legacy of former chairman Don Rowlands.

By Pattrick Smellie • 2 min read • Thu, 19th Mar 2015
Wynyard proposes dual listing on Australian bourse
NZX

Wynyard proposes dual listing on Australian bourse

Wynyard Group, the crime-fighting software and services developer, plans a dual listing on the Australian stock exchange.

By Pattrick Smellie • 2 min read • Thu, 19th Mar 2015
Sue Sheldon steps down as Chorus chair, Hartley to be acting chair
Unified Communications

Sue Sheldon steps down as Chorus chair, Hartley to be acting chair

Sue Sheldon is standing down as chair of Chorus at the end of the month and the role will be filled by Jon Hartley on an interim basis.

By Pattrick Smellie • 3 min read • Thu, 19th Mar 2015
NZ dollar falls after dairy prices drop; Fed, GDP loom
New Zealand Dollar

NZ dollar falls after dairy prices drop; Fed, GDP loom

The New Zealand dollar fell after prices of dairy products dropped more than some expected in the GlobalDairyTrade auction overnight and as the market.

By Pattrick Smellie • 2 min read • Wed, 18th Mar 2015
NZ dollar gains vs. Australian dollar on RBA rate view, as dairy auction, Fed awaited
New Zealand Dollar

NZ dollar gains vs. Australian dollar on RBA rate view, as dairy auction, Fed awaited

The New Zealand dollar gained against the Australian dollar after minutes of the last Australian central bank meeting showed it considered cutting int.

By Pattrick Smellie • 2 min read • Wed, 18th Mar 2015
New patents and publicity for Pacific Edge
Health Technologies

New patents and publicity for Pacific Edge

Pacific Edge, the Dunedin-based developer of technology to detect cancer, says it has new patents and its technology will soon feature in a medical jo.

By Pattrick Smellie • 2 min read • Wed, 18th Mar 2015
Tower names Seniors Money's Brett Wilson as CFO, replacing Boggs
Tower Insurance

Tower names Seniors Money's Brett Wilson as CFO, replacing Boggs

Tower, the listed general insurer, named Brett Wilson as chief financial officer, following the departure of Michael Boggs last month.

By Pattrick Smellie • 1 min read • Wed, 18th Mar 2015
Faint praise from industry body for 'Fonterra for meat' report
Unified Communications

Faint praise from industry body for 'Fonterra for meat' report

The industry body that helped fund a major study to reform the red meat sector has damned with faint praise the resulting report from the Meat Industr.

By Pattrick Smellie • 4 min read • Wed, 18th Mar 2015