16 Sep 2019

Today's business news: What you need to know

6:50 pm on 16 September 2019

Latest - Listed healthcare company Abano, which owns chains of dentist practices in New Zealand and Australia, has confirmed its in talks with several potential buyers.

cropped shot of dentist with instruments examining teeth of little child

Photo: 123rf.com

The Australian reported yesterday that Australian private equity firm BGH Capital is eyeing up the company in a deal expected to be worth just over $300 million.

Abano has previously announced it is launching a strategic review and has hired an advisory firm after receiving various expressions of interest.

The company says there's no certainty the talks with prospective buyers will come to anything and says it will keep shareholders updated.

International visitor numbers down

The number of international passengers arriving and departing from Auckland International Airport is down on a year ago.

In July this year, 1.2 percent fewer tourists travelled through the country's largest airport compared to last July.

Travellers from Hong Kong and China had the largest drop off, of up to 22 percent, after Hong Kong Airlines withdrew from its New Zealand routes.

The number of domestic passengers increased by 1.6 percent.

Kiwis shopping around for power companies

More than 42,000 households switched power companies last month, the highest amount for a month since 2011.

The Electricity Retailers' Association of New Zealand said last year 445,000 households switched providers, as a way to get a better deal.

A further 610,000 compared plans but did not go through with a switch.

The average number of households changing their electricity provider is gradually increasing each year.

Read more on this story here.