Archive for the 'Article' Category

Precinct sells SAP tower to Bob Jones for $97 million

Article – BusinessDesk

Nov. 24 (BusinessDesk) – Precinct Properties New Zealand, formerly known as AMP NZ Office, has sold its SAP Tower in Auckland to property mogul Bob Jones for $97 million, $1.4 million above its book value. Read more »

Acurity lifts 1H earnings 22% on more DHB work, cost cuts

Article – BusinessDesk

Nov. 24 (BusinessDesk) – Acurity Health Group, the hospital operator set to be taken private by its three biggest shareholders, lifted first-half by profit 22 percent after increasing revenue from district health board work, and continued to clamp … Read more »

RIS releases overdue annual report, tagged by auditor

Article – BusinessDesk

Nov. 24 (BusinessDesk) – Shares of RIS Group have resumed trading after the NZAX-listed shell company lodged its overdue annual report, which has been tagged by its auditors and shows it may need to raise more funds to avoid administration. Read more »

Scales full-year earnings may exceed prospectus forecast

Article – BusinessDesk

Nov. 24 (BusinessDesk) – Scales Corp, the fruit and vegetable logistics company, will pay a 3 cent per share interim dividend and says annual earnings may beat guidance in its prospectus. Read more »

NZ dollar slips after jumping on Draghi, Chinese rate cut

Article – BusinessDesk

Nov. 24 (BusinessDesk) – The New Zealand dollar fell from its New York highs at the end of last week, having jumped against the greenback after China unexpectedly cut interest rates and European Central Bank President Mario Draghi pledged to whatever … Read more »

World Week Ahead: Stocks power higher

Article – BusinessDesk

Nov. 24 (BusinessDesk) – Wall Street begins a holiday-shortened week at record highs as investors eye a meeting of the worlds top oil exporters to see whether they will curb production amid an extended slump in the commoditys price. Read more »

UPDATE: Ryman posts 13% gain in 1H earnings, on track for FY

Article – BusinessDesk

UPDATE: Ryman posts 13% gain in 1H earnings, on track for FY target of 15% increase Read more »

MARKET CLOSE: NZ shares fall, led by Kathmandu

Article – BusinessDesk

Nov. 21 (BusinessDesk) – New Zealand shares fell led by Kathmandu Holdings and paced by Warehouse Group after the retailers said their margins and sales were under pressure. Meridian Energy and MightyRiverPower declined as investors looked to crystalise recent … Read more »

NZ dollar heads for 0.4% decline as greenback strengthens

Article – BusinessDesk

Nov. 21 (BusinessDesk) – The New Zealand dollar is headed for a 0.4 percent decline this week as a weaker yen strengthened the US dollar, pulling all other currencies down against it. Read more »

Fuel50 raises second investment round to take on US market

Article – BusinessDesk

Nov. 21 (BusinessDesk) – Auckland-based software startup Fuel50 raised $1 million in a second angel investment round to fund its push in the US, where it was named as one of five best new technologies at an international human resources industry … Read more »

NZOG’s head of exploration Bill Houston resigns

Article – BusinessDesk

Nov. 21 (BusinessDesk) – Bill Houston, New Zealand Oil & Gas’ general manager of exploration, has resigned less than a year after he took up the role with the listed energy explorer. Read more »

NZX signs MOU with freshly-licensed Bank of China

Article – BusinessDesk

Nov. 21 (BusinessDesk) – NZX, New Zealand’s stock market operator, has signed a memorandum of understanding with the Bank of China to develop financial products, with a focus on the agricultural sector and capital markets. Read more »

NZ export log prices rise in November, China demand weak

Article – BusinessDesk

Nov. 21 (BusinessDesk) – New Zealand export log prices edged up in November although demand from China, the country’s largest market, is likely to remain subdued until the second quarter of next year. Read more »

Kathmandu 1st-qtr margins shrink, flags drop in 1H profit

Article – BusinessDesk

Nov. 21 (BusinessDesk) – Kathmandu Holdings, the outdoor goods retailer, said it expects first-half margins to shrink as it discounts more items to clear shelf space. The shares fell. Read more »

UPDATE: Metroglass confirms on track for full year

Article – BusinessDesk

Nov. 21 (BusinessDesk) – Metro Performance Glass, which has more than half of New Zealand’s glass processing market, is on track to meet full-year prospectus forecasts as it benefits from a building boom in Auckland and Christchurch. Read more »

Arvida Group raises $75 million in IPO

Article – BusinessDesk

Nov. 21 (BusinessDesk) – Arvida Group, the new retirement village operator, has raised the full $75 million sought through an initial public offering following strong demand from New Zealand and Australian institutions and listed companies. Read more »

Warehouse affirms forecast for 2015 profit growth

Article – BusinessDesk

Nov. 21 (BusinessDesk) – Warehouse Group, New Zealand’s largest listed retailer, affirmed its expectation for a rise in annual earnings even as sales lag behind forecast heading into the key Christmas trading period. Read more »

A2 Milk changes Chinese supply approach for infant formula

Article – BusinessDesk

Nov. 21 (BusinessDesk) – A2 Milk Co has agreed to make China State Farm Holdings Shanghai the sole importer of its a2Platinum infant formula while the milk marketer will take over the distribution in Asia’s largest economy. Read more »

TRS posts small loss to remain listed

Article – BusinessDesk

Nov. 21 (BusinessDesk) – TRS Investments, which is in talks with file storage and encryption firm Mega to be the vehicle for a proposed backdoor listing, said its first-half loss about doubled to $25,000, which it attributed to increased share … Read more »

Ryman posts 13% gain in 1H earnings, on track for FY target

Article – BusinessDesk

Ryman Healthcare posts 13% gain in 1H earnings, on track for FY target of 15% increase Read more »

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