Oct. 5 (BusinessDesk) - Snakk Media, the mobile advertisement developer, plans to raise up to $2.3 million selling shares at a discount to fund its growth plans and affirmed its intention to move its stock to the fledgling NXT market from the NZAX. Snakk is offering to raise $...

By Jonathan Underhill Oct. 5 (BusinessDesk) - A merger of Cavalier Wool Holdings and New Zealand Wool Services International's two wool scouring operations would create a monopoly that would use its market powers to hike prices as much as 25 percent, says carpet maker Godfrey...

By Jonathan Underhill Oct. 5 (BusinessDesk) - The New Zealand dollar rose against a broadly weaker greenback after soft US labour market data reduced expectations the Federal Reserve will rush to raise interest rates. The kiwi rose to 64.59 US cents as at 8am in Wellington,...

By Margreet Dietz Oct. 5 (BusinessDesk) - The state of the global economy will be the main theme this week after September’s weak American payrolls report suggested US growth might have hit a rough patch. A report Friday showed American employers hired 142,000 new workers l...

By Jonathan Underhill Oct. 2 (BusinessDesk) - New Zealand shares rose, lifting the NZX 50 Index from the lowest level in almost a month, on perceptions the market has become less over-valued after two quarters of decline. Z Energy rose, having slumped yesterday as 30 percent o...

By Jonathan Underhill Oct. 2 (BusinessDesk) - Landcorp Farming says it is disappointed that Fonterra Cooperative Group is to stop offering a guaranteed milk price (GMP), which has helped New Zealand's largest corporate farmer manage price fluctuations and prevented an even big...

By Jonathan Underhill Oct. 2 (BusinessDesk) - Silver Fern Farms ran out of time to consider alternatives to a 50-50 joint venture with Shanghai Maling Aquarius, because of the looming deadline for its debt facility with a banking syndicate and the risk that lenders would withd...

By Jonathan Underhill Oct. 1 (BusinessDesk) - The New Zealand dollar rose after an official measure of manufacturing in China improved last month and traders bet next week's dairy auction will herald further gains in prices. The kiwi rose to 64.08 US cents as at 5pm in Well...

By Jonathan Underhill Oct. 1 (BusinessDesk) - MyWave Holdings, the New Zealand company whose software attempts to personalise the relationship between consumers and businesses, has attracted Deutsche Bank's departing global head of equities trading Andre Crawford-Brunt to its...

By Jonathan Underhill Oct. 1 (BusinessDesk) - Infratil will book a profit of $392 million on the sale of its remaining 20 percent stake in Z Energy and said it will use the funds to pursue growth opportunities. Infratil sold the 80 million shares at $6 apiece following a bo...

By Jonathan Underhill Sept. 30 (BusinessDesk) - The New Zealand dollar gained after business confidence rose for the first time in six months, adding to speculation there's enough positive signs in the economy to deter the central bank from cutting interest rates again next mo...

By Jonathan Underhill Sept. 30 (BusinessDesk) - Andrew Robinson, a former director of Strategic Planning Group jailed in July for six years over a $2.7 million fraud, has pleaded guilty to charges of making false statements in relation to the same business. The charges foll...

By Jonathan Underhill Sept. 30 (BusinessDesk) - Westland Milk, which is considering job cuts to contain costs in the face of weaker dairy prices, raised its forecast milk payout to farmers for the current season, saying there are "some signs of increasing demand and price reco...

By Jonathan Underhill Sept. 30 (BusinessDesk) - SLI Systems, the online retail search engine developer, says it expects the appointment of a Silicon Valley veteran as chief executive will drive revenue growth in the world's largest e-commerce market where it has lagged behind...

By Jonathan Underhill Sept. 29 (BusinessDesk) - Time Warner's CNN news channel has bought an unmanned aerial vehicle (UAV) from Napier-based Altus Unmanned Aerial Solutions as part of a trial of aerial news gathering under a US Federal Aviation Administration programme. CNN...

By Jonathan Underhill Sept. 29 (BusinessDesk) - New Talisman Gold Mines is seeking legal advice after a Chinese investor failed to settle on the purchase of about 183 million shares in a transaction that would have provided $1.46 million toward the development of the Talisman...

By Jonathan Underhill Sept. 29 (BusinessDesk) - Carter Holt Harvey, owned by Kiwi billionaire Graeme Hart's Rank Group, has shelved plans for an initial public offering of shares in its Carters building supplies business, citing uncertainty in equity markets. "While the Car...

By Jonathan Underhill Sept. 29 (BusinessDesk) - Tatua Cooperative Dairy Co, the Tatuanui-based dairy company founded 100 years ago, set the 2015 payout for its farmer suppliers at $7.10 per kilogram of milk solids, the highest of any New Zealand processor, while affirming a dr...

By Jonathan Underhill Sept. 29 (BusinessDesk) - Kathmandu Holdings, the outdoor clothing retailer that spurned a takeover offer this year, reported net profit about halved because of "aggressive" discounting to shift surplus stock and weak demand in Australia. It affirmed guid...

By Jonathan Underhill Sept. 29 (BusinessDesk) - Augusta Capital, the listed property investor and fund manager, appointed Paul Duffy to its board with the intention of promoting him to chairman when Peter Wilson retires in December. Duffy would become a director starting on...

By Jonathan Underhill Sept. 29 (BusinessDesk) - The New Zealand dollar fell after New York Federal Reserve president William Dudley said he expects US interest rates to be raised this year, although on a low trajectory, while a drop in global stock markets sapped risk appetite...

By Jonathan Underhill Sept. 28 (BusinessDesk) - Alliance Group chairman Murray Taggart says any merger with Silver Fern Farms risks creating a "big beached whale" of the New Zealand meat industry because its rival needs the capital offered by China's Bright Food just to ration...