Business News

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Evening Business for 29 April 2016

5:38 PM.News from the business sector including a market report.

Midday Markets for 29 April 2016

12:24 PM.For the latest from the markets we're joined by Don Lewthwaite at First NZ Capital.

HanesBrand commits to Pacific Brands

12:22 PM.The new owner of the Australian clothing maker, Pacific Brands, says it is committed to keeping it local.

Mixed guidance from Tourism Holdings and Skellerup

12:21 PM.Two listed companies have updated their earnings guidance today and offered differing outlooks.

Building consents fall in March

12:19 PM.Building consents have falling sharply in March, driven by a fall off in the number of apartments.

Z Energy given green light on Caltex takeover

12:17 PM.Z Energy has been given the green light to takeover rival Caltex, sending its shares up 10 percent.

Markets Update for 29 April 2016

8:31 AM.A brief update of movements in the financial sector.

Morning markets for 29 April 2016

6:58 AM.Wall Street is weaker after US economic growth fell sharply in the first quarter to the slowest pace in two years as consumer spending softened and a strong dollar continued to hit exports.

Social bonds unknown investment territory for NZ

6:56 AM.A fund manager says it remains to be seen whether social bonds will be a fit for wholesale investors in New Zealand.

FMA says Asian trade agreement increases investment options

6:55 AM.The Financial Markets Authority says a new Asian trade agreement will increase the number of investment choices for New Zealanders.

RBNZ seen holding rates for a few years

6:53 AM.The Reserve Bank could end up leaving interest rates steady for the next three or more years.

Z Energy will know today whether it can buy rival Caltex

6:51 AM.The fuel retailer, Z Energy, looks set to get the green light today to buy its rival Caltex for 785-million dollars.

Early Business News for 29 April 2016

6:22 AM.A brief update of movements in the financial sector.

Evening Business for 28 April 2016

5:34 PM.News from the business sector including a market report.

Pacific Brands proposals to sell the company to HanesBrand

12:25 PM.Hard on the heels of a turnaround in its fortunes, the Australian-based clothing manufacturer, Pacific Brands, says it's made a deal to sell the company.

Midday Markets for 28 April 2016

12:23 PM.For the latest from the markets we're joined by Angus Marks at First NZ Capital.

Small and medium sized business want fast broadband

12:21 PM.A survey by the MYOB Business Monitor indicates a number of small and medium sized businesses are fed up with the time it takes to connect to the internet.

Genesis confirms more life for Huntly units

12:20 PM.Genesis Energy has secured more life for its two coal and gas fired power units in Huntly, after making new deals with other electricity firms.

Fed takes a more positive view but June rate hike not certain

12:18 PM.Earlier this morning, the U.S. Federal Reserve also held its benchmark rate steady, as had been expected.

End in sight to RBNZ rate cuts

12:16 PM.The Reserve Bank this morning held its cash rate steady at 2-point-2-5 percent, as expected, but left the door open for further cuts.

Markets Update for 28 April 2016

8:30 AM.A brief update of movements in the financial sector.

Business briefs

6:58 AM.The Mad Butcher owner, Veritas Investments, has seen its share price jump almost 39 percent yesterday, after reporting it's on track to meet its full year profit target.

Morning markets for 28 April 2016

6:57 AM.Fairly muted response to the Fed statement today.

Cyber crime rises to the top of small business concerns

6:55 AM.Concern about cyber crime is rising markedly with small businesses according to a new survey.

Abano says money from deal would go to dental business

6:54 AM.The listed healthcare investor, Abano Healthcare, looks poised to sell its 50 percent stake in an audiology business for two and a half times what it's valued at and it already has plans for the money.

US Federal Reserve holds rates, RBNZ to follow

6:50 AM.The U.S. Federal Reserve has held its benchmark interest rate as expected in a statement delivered a short time ago.

Early Business News for 28 April 2016

6:18 AM.A brief update of movements in the financial sector.

Evening Business for 27 April 2016

5:36 PM.News from the business sector including a market report.

Midday Markets for 27 April 2016

12:23 PM.For the latest from the markets we're joined by Don Lewthwaite at First NZ Capital.

Older savers prepared to take bigger risks for better returns

12:20 PM.A bank survey has found older savers are prepared to take bigger risks as safer, low-interest, term-deposits fail to generate adequate returns.

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