Archive for the 'Article' Category

Warehouse lifts staff entitlements provision 37%

Article – BusinessDesk

Sept. 23 (BusinessDesk) – Warehouse Group lifted its staff entitlements provisioning for 2017 by more than a third with the country’s biggest listed retailer one of a number of big businesses trying to work out the impact of years of underpaying holiday … Read more »

MARKET CLOSE: NZ shares drop as Orion suffers on strong kiwi

Press Release – BusinessDesk

Sept. 23 (BusinessDesk) – New Zealand shares fell, led by Orion Health Group as the export-focused software developer contends with a strong kiwi dollar, while Warehouse Group and Hallensteins Glasson Holdings gained on their earnings. Read more »

NZD falls vs. greenback, Aussie on likely November OCR cut

Article – BusinessDesk

Sept. 23 (BusinessDesk) – The New Zealand dollar fell against the greenback and the Australian dollar after the Reserve Bank’s interest rate review left traders with more of a sense that governor Graeme Wheeler is likely to cut the official cash rate … Read more »

Wellington Drive gets $2 mln funding line from SuperLife

Press Release – BusinessDesk

Sept. 23 (BusinessDesk) – Wellington Drive Technologies, the maker of energy efficient motors for commercial refrigerators, has taken a $2 million facility from major shareholder SuperLife, the investment fund owned by NZX. Read more »

Affco tried to gag union badmouthing Talleys

Press Release – BusinessDesk

Sept. 23 (BusinessDesk) – Affco Holdings, the meat company owned by Talley’s Group, demanded that the Meatworkers Union cease badmouthing members of the Talley family as a precondition of resuming contract negotiations at its Land Meats subsidiary, … Read more »

Comvita board proposes increased fee pool

Article – BusinessDesk

Sept. 23 (BusinessDesk) – The board of Comvita, the manuka honey products company, is proposing to increase its pool for directors’ fees so it can hire a new director with technology experience. Read more »

Christchurch can squeeze capital from investment arm

Article – BusinessDesk

Sept. 23 (BusinessDesk) – Christchurch City Council could squeeze capital out of its investment company without having to sell shares but asset sales will still be contemplated, says Mayor Lianne Dalziel. Read more »

Warehouse’s new strategy big on data; profit rises 12%

Press Release – BusinessDesk

Sept. 23 (BusinessDesk) – Consumers wanting retailers to show me you know me is at the heart of a technology push under a new three-year strategy revealed today by Warehouse Group chief executive Nick Grayston, as the countrys largest listed … Read more »

RBNZ pushes for new quarterly disclosure regime

Article – BusinessDesk

Sept. 23 (BusinessDesk) – The Reserve Bank is pushing for a new disclosure regime for the way banks make financial information public outside their half-year and annual updates, which would see the central bank draw on data it’s already privy to. Read more »

UPDATE: Intueri faces possible sanctions

Article – BusinessDesk

Sept. 23 (BusinessDesk) – Intueri Education Group is in a trading halt on the NZX and ASX pending an announcement from the company over “possible sanctions” across the Tasman. Read more »

Blue Sky Meats names Todd Grave as new chief executive

Article – BusinessDesk

Sept. 23 (BusinessDesk) – Blue Sky Meats, the meat processor whose shares trade on the Unlisted platform, named former Fonterra Cooperative Group marketing executive Todd Grave as its new chief executive, replacing general manager Ricky Larsen who … Read more »

NZ wool auction sees varied selection, higher volumes

Article – BusinessDesk

Sept. 23 (BusinessDesk) – New Zealand wool prices generally advanced at the country’s latest weekly auction, which featured the greatest number of bales on offer in the season so far. Read more »

King Salmon to sell shares at $1.12 apiece in IPO

Article – BusinessDesk

King Salmon to sell shares at $1.12 apiece in IPO, raising $77.5 mln Read more »

Veritas forecasts revenue drop in 2017

Article – BusinessDesk

Sept. 23 (BusinessDesk) – Veritas Investments says revenue will drop in 2017 as Mad Butcher sales continue to fall, while its bank has extended its lending facilities beyond next year. Read more »

Intueri in trading halt ahead of announcement

Article – BusinessDesk

Sept. 23 (BusinessDesk) – Intueri Education Group is in a trading halt pending an announcement from the company. Read more »

Hallenstein full-year profit drops 21% on Glassons Australia

Article – BusinessDesk

Sept. 23 (BusinessDesk) – Hallenstein Glasson Holdings posted a 21 percent decline in full-year profit, reflecting a loss from its Glassons unit in Australia and weaker earnings from its flagship menswear chain. Read more »

Warehouse lifts annual earnings 12%

Article – BusinessDesk

Sept. 23 (BusinessDesk) – Warehouse Group lifted annual earnings 12 percent, just beating the top end of its guidance, as the country’s largest listed retailer eked out bigger reductions in its cost base to widen operating margins. Read more »

Wood processors push for faster trade refresh

Article – BusinessDesk

Sept. 23 (BusinessDesk) – New Zealand wood processors and manufacturers want the government to speed up a refresh of the nation’s trade policy as other countries offer more support to their forestry sectors. Read more »

Fonterra re-jigs governance review

Article – BusinessDesk

Sept. 22 (BusinessDesk) – Fonterra Cooperative Group has put out a re-jigged governance and representation model to its farmer shareholders, with the key change being farmers can directly nominate their own choice for selection to the board. Read more »

Dollar falls as RBNZ lays groundwork for November rate cut

Article – BusinessDesk

Sept. 23 (BusinessDesk) – The New Zealand dollar fell as the Reserve Bank lay the groundwork for lower interest rates later this year as inflation continues to be restrained by the strength of the currency. Read more »

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