Sky shares plunge to all-time low as Spark steals cricket rights
By Paul McBeth | Thu, 10 Oct 2019
Sky Network Television shares plunged below $1 for the first time in its 21 years as a listed company after Spark New Zealand pulled the rug out from under the pay-TV operator in securing cricket broa...
Should the Australian banks list their NZ subsidiaries on NZX?
By Jenny Ruth | Tue, 08 Oct 2019
The Australian expert the Reserve Bank engaged to critique its bank capital proposals has suggested that the big four banks could list on NZX as a means of dealing with the regulator's desire to force...
NZSA to oppose $310k Ebos directors' fee increase
By Jenny Ruth | Mon, 07 Oct 2019
The New Zealand Shareholders' Association is opposing Ebos Group's proposal to increase directors' fees by 28 percent because the company has refused to release advice it received from external consul...
EV uptake on the rise as new Tesla model leads the charge
By Rebecca Howard | Wed, 02 Oct 2019
The uptake of electric vehicles is on the rise as pure EVs broke into the top three passenger/SUV models registered for the first time last month, Motor Industry Association figures show. September...
Low fixed charge regs to go as Govt looks to reduce household power costs
By Gavin Evans | Wed, 02 Oct 2019
The government’s low fixed charge regime for power pricing is to be phased out as part of a suite of measures intended to put downward pressure on household electricity costs and increase competition....
Vital Healthcare investors to vote on new fee structure
By Jenny Ruth | Wed, 02 Oct 2019
Vital Healthcare Property Trust's investors will be asked to vote on a new management fee structure that will reduce both the management and incentive fees and will make explicit a number of others....
Deepening business gloom likely to push annual GDP below 1%
By Jenny Ruth | Mon, 30 Sep 2019
By Jenny Ruth Oct. 1 (BusinessDesk) - Businesses continued to sink deeper into gloom during the September quarter and that will likely shave annual GDP growth to below 1 percent, according to the N...
StretchSense sold to mystery Kiwi owners
By Victoria Young | Mon, 30 Sep 2019
By Victoria Young Oct. 1 (BusinessDesk) - Futuristic textile company StretchSense has been sold to a new Kiwi owner, the firm’s administrators say. In July the shareholders of the company, whic...
Kathmandu to buy Rip Curl for $368m to create billion dollar retailer
By Paul McBeth | Mon, 30 Sep 2019
By Paul McBeth Oct. 1 (BusinessDesk) - Kathmandu Holdings will pay about $368 million to buy surf brand Rip Curl to create a billion-dollar revenue retailer, which it says will add at least 10 perc...
Sealegs director takes aim at NZX at testy annual meeting
By Victoria Young | Fri, 27 Sep 2019
By Victoria Young Sept. 27 (BusinessDesk) - Future Mobility Solutions director Mark Broadley criticised the NZX in defence of his company’s move to an unregulated exchange. The company, which o...
Hallenstein Glasson maintains sales momentum; beats annual earnings guidance
By Paul McBeth | Fri, 27 Sep 2019
By Paul McBeth Sept. 27 (BusinessDesk) - Hallenstein Glasson Holdings sales accelerated in the first two months of the new financial year, having beaten its annual profit guidance on the strength o...
Consumer confidence at 4-year low as people fret about the future
By Rebecca Howard | Thu, 26 Sep 2019
By Rebecca Howard Sept. 27 (BusinessDesk) - Consumer confidence fell to its lowest level in four years as people grew more wary about the future, but low interest rates mean people still think it's...