Tuesday , August 21 2018
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Finance

China’s Haier sweetens bid for NZ’s F&P Appliances

BusinessDesk  Chinese whiteware maker Haier has pushed its bid Fisher & Paykel Appliances to $1.28 a share, the bottom end of the independent valuation range, gaining crucial support from institutional investors to meet its 50 percent minimum acceptance threshold. Haier raised its bid 8 cents a share, bringing it within …

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How good are NZ companies at Risk Management?

New Zealand companies and organisations are well aware of risk management strategies and approaches, but for many it is just a box ticking exercise rather than a core management function. Murray Chandler, partner for accounting and advisory firm Grant Thornton, said that this was one of the findings from the …

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Pressure goes on NZ Reserve Bank to lower interest rates

After today’s CPI figure we expect the Reserve Bank to cut the Official Cash Rate on October 25th in an effort to lower the exchange rate, the Employers and Manufacturers Association says. “The CPI figure indicates inflation has moved below the agreed target of 1-3 per cent required of the Reserve …

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NZ Government holds course on SOE sales – John Key

Hydro Dams_Whakamaru_6219

Prime Minister John Key today outlined the Government’s next steps to prepare Mighty River Power for its partial sale in the first half of 2013. “I’m pleased to announce today Cabinet made three decisions regarding our shares sales programme,” said Key in a post-Cabinet press statement.  “First, the Government will …

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NZ dollar rises as Chinese exports beat estimates, stokes optimism

BusinessDesk  The New Zealand dollar gained after exports to China, the country’s second-biggest trading partner, rose at the fastest pace in three months in September, easing concerns that the global economy is heading for another worldwide slowdown. The New Zealand dollar rose as high as 81.88 US cents and traded …

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China Productivity Imperative

Accounting for China's Growth Graph

By Joanna Doolan The game is changing for foreign multinationals operating in China, with both warnings and opportunities tipped by Ernst & Young in its latest reports on Chinese productivity and growth. For the past decade foreign companies have done well in China, on the back of world-beating productivity gains, …

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Institutions should stick with F&P

Comment  Why doesn’t Tower Investment’s Sam Stubbs round up a few institutional investors in Fisher & Paykel Appliances and go pay a call on Haier at its China HQ and say they want to stay in with the company for the long haul? How hard would it be for the …

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