Thursday, 25 May 2017

Business News

  • Council official floats airport $2 billion stake sale - New Zealand Herald

    09:05 | 25/5/17
    New Zealand Herald
    The prospect of Auckland Council's sale of its 22.4 per cent Auckland International Airport holding has been raised in a council document to get desperately needed infrastructure funds. Following this month's discussions of a port sale, the council's  more»
  • Worth to city of council's $2b airport holding raised in document - New Zealand Herald

    09:05 | 25/5/17
    New Zealand Herald
    The prospect of Auckland Council's sale of its 22.4 per cent Auckland International Airport holding has been raised in a council document to get desperately needed infrastructure funds. Following this month's discussions of a port sale, the council's  more»
  • Plant & Food Research-Anagenix tie up on the verge of reaping benefits - New Zealand Herald

    09:05 | 25/5/17
    New Zealand Herald
    Crown research institute Plant & Food Research is about the reap the benefits from its first commercial partnership - the Innovation Cell - a venture aimed at bringing together science and marketing expertise to rapidly develop, prototype and launch  more»
  • More renewable electricity generation used

    09:03 | 25/5/17
    Scoop
    In the first four months of 2017 New Zealand used less thermal and more renewable electricity generation than the average for the previous six years, says Electricity Authority Chief Executive Carl Hansen more»
  • Sanford Posts Stronger Net Profit

    08:58 | 25/5/17
    Scoop
    Sanford Limited (NZX: SAN) has today posted a 25% increase in net profit after tax to $19.0m for the six months ended 31 March, 2017 compared to the same period in the prior year. The Group reports improved revenue of $230.4m for the first half ... more»
  • Kennards Hire shuts-up-shop across NZ for Family Day

    08:57 | 25/5/17
    Scoop
    Sunday, 21 May was a big day for Kennards Hire. Each and every one of Kennards Hire’s 170-odd branches shut-up-shop for the day, with staff invited to bring their families along to the annual Kennards Hire Family Day celebration.  more»
  • New cars hit the market with stellar safety rating

    08:54 | 25/5/17
    Scoop
    The new Subaru XV and Holden Astra sedan have hit the New Zealand new car market with an impressive 5 star ANCAP safety rating. Both vehicles did well across the various crash scenarios and tests, providing high standards of safety for the driver ... more»
  • Emerald weighing more than 600 pounds found in Brazil - New Zealand Herald

    08:50 | 25/5/17
    New Zealand Herald
    SAO PAULO (AP) " Miners have found a 4.3-foot (1.3-meter) tall emerald weighing more than 600 pounds (272 kilograms) in Brazil's northeastern state of Bahia. Paulo Santana of Brazil's National Mineral Production Department said the emerald was found ... more»
  • Kiwi business traveller stranded in San Francisco after United de-planes his wallet and passport - The National Business Review

    08:48 | 25/5/17
    The National Business Review
    United Airlines customer service and PR doesn't seem to have got any more nimble since David Dao was violently dragged off a flight on April 9 – at least if Ben Kepes' experience of the past 24 hours is anything to go by. The Christchurch-based  more»
  • Crowdfunding Campaign to Reactivate Radio Active

    08:40 | 25/5/17
    Scoop
    40-year old Wellington alternative radio station Radio Active 88.6FM has been given a new lease of life with the formation of a charitable trust to rescue the iconic station from imminent closure. A loud and proud supporter of local music and creative ... more»
  • HiFX Morning Update, May 25 2017

    08:38 | 25/5/17
    Scoop
    The NZDUSD opens at 0.7048 (mid-rate) this morning. Markets traded tight ranges ahead of this morning’s FOMC minutes with the Dollar Index (DXY) edging higher. Overall the latest FOMC minutes contained few surprises. The market is now pricing ... more»
  • New Zealand awaits Budget 2017 - SunLive

    08:37 | 25/5/17
    SunLive
    At 2pm today, Finance Minister Steven Joyce will deliver his first Budget since stepping into his new role. Pre-Budget announcements already made include: $178 million package for tourism, infrastructure and the Department of Corrections, $321m social ... more»
  • New MSP in town as Asta opens Auckland office - Reseller News

    08:32 | 25/5/17
    Reseller News
    Melbourne-based managed services provider (MSP) Asta has launched operations in New Zealand, through the opening of an Auckland office. Reseller News can reveal that the IT services provider has set up shop in Newmarket, complementing current ... more»
  • S&P Notches Record Close; Dow Jones Industrial Average Grabs Another Win - Nasdaq

    08:32 | 25/5/17
    Nasdaq
    The Dow Jones Industrial Average (DJIA) grinded higher for a fifth straight win, topping the 21,000 level, as investors digested minutes from the Fed's May meeting. Specifically, most Federal Open Market Committee (FOMC) members felt the next rate hike ... more»
  • While you were sleeping: Wall St ticks higher

    08:05 | 25/5/17
    Scoop
    May 25 (BusinessDesk) - Wall Street moved higher as investors eyed minutes from the latest Federal Reserve meeting, slated for release on Wednesday afternoon, for fresh clues on the outlook for interest rate increases. more»
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