Archive for the 'Article' Category

CORRECT: Abano achieves second year of 75% profit growth

Article – BusinessDesk

July 28 (BusinessDesk) – Abano Healthcare, the medical investor that fended off a hostile takeover from its biggest shareholder, posted a 75 percent jump in full-year profit, beating guidance and allowing it to maintain dividend payments for a sixth … Read more »

NZ dollar edges up as traders await swathe of US data

Article – BusinessDesk

July 29 (BusinessDesk) – The New Zealand dollar edged up amid US dollar weakness as traders await key US economic releases in coming days. Read more »

While you were sleeping: US pending home sales drop

Article – BusinessDesk

July 29 (BusinessDesk) – Wall Street crawled higher after a disappointing report on housing underpinned concern about the industrys struggle to recover a day before the US Federal Reserve is starting a two-day policy meeting. Read more »

MARKET CLOSE: NZ shares fall ahead of earnings season

Article – BusinessDesk

MARKET CLOSE: NZ shares fall ahead of earnings season; Air NZ drops to 3-month low Read more »

NZ dollar slips as Key says kiwi over-valued

Article – BusinessDesk

July 28 (BusinessDesk) – The New Zealand dollar fell to a month-low after Prime Minister John Key said he agreed with the Reserve Bank that the currency is over-valued and as traders anticipate an announcement from Fonterra Cooperative Group tomorrow which … Read more »

Abano achieves second year of 75% profit growth

Article – BusinessDesk

July 28 (BusinessDesk) – Abano Healthcare, the medical investor fending off a hostile takeover from its biggest shareholder, posted a 75 percent jump in full-year profit, beating guidance and allowing it to maintain dividend payments for a sixth straight … Read more »

Too early to predict returns from NZVIF’s seed fund: Banga

Article – BusinessDesk

July 28 (BusinessDesk) – The government-backed New Zealand Venture Investment Fund says it’s still too early to judge the performance of the Seed Co-Investment Fund, which backs early-stage firms alongside angel investors. Read more »

UPDATE: Acurity shareholders launch all-cash takeover bid

Article – BusinessDesk

July 28 (BusinessDesk) – The three biggest shareholders of Acurity Health Group have launched a cash takeover bid for the 29 percent they don’t own, valuing the private hospital operator at $112.2 million, saying the firm faces a big struggle lifting … Read more »

Burger King widens annual losses on rising costs

Article – BusinessDesk

July 28 (BusinessDesk) – Blackstone Group’s Burger King chain in New Zealand widened its loss in 2013 as rising sales, in an increasingly crowded burger market, were offset by higher costs for raw materials and consumables, and increased property … Read more »

CORRECT: NZX 1H activity shows boosted volume, lower value

Article – BusinessDesk

(Fixes number of listings in first graph, removes incorrect listing date of CRP and rights issues in third graph) Read more »

CORRECT: SLI Systems says sales miss forecast on ARR basis

Article – BusinessDesk

CORRECT: SLI Systems says FY sales miss forecast on ARR basis, to report smaller loss Read more »

NZX first-half activity shows boosted volume, falling value

Article – BusinessDesk

July 28 (BusinessDesk) – The volume of cash trading on the NZX rose 22 percent in the first six months of the year, compared to a year earlier, with 16 new listings across its debt and equities markets, including four companies debuting on the bourse. … Read more »

Dorchester Pacific to bid $3/share for Turners Auctions

Article – BusinessDesk

July 28 (BusinessDesk) – Dorchester Pacific plans to offer $3 a share in cash, shares and notes for Turners Auctions, valuing the auction company at $82 million, after winning support from chairman and major shareholder Michael Dossor. Read more »

Major Acurity shareholders launch all-cash takeover bid

Article – BusinessDesk

July 28 (BusinessDesk) – The three biggest shareholders of Acurity Health Group have launched a cash takeover bid for the 29 percent they don’t own, valuing the private hospital operator at $112.2 million, saying the firm faces a big struggle lifting … Read more »

SLI Systems says FY sales miss forecast on ARR basis

Article – BusinessDesk

July 28 (BusinessDesk) – SLI Systems, the search engine software developer, said full-year revenue missed its prospectus forecast, using its preferred measure, although it will report a smaller loss because of delays in building a sales team. Read more »

NZ dollar little changed ahead of Fed meeting

Article – BusinessDesk

July 28 (BusinessDesk) – The New Zealand dollar was little changed from the New York close as investors prepare for a heavy news flow from the US, including the Federal Reserve’s latest policy review, an economic growth reading, capped off with employment … Read more »

World Week Ahead: Shift to neutral?

Article – BusinessDesk

July 28 (BusinessDesk) – Investors are likely to be cautious ahead of this weeks US Federal Reserve policy meeting, as well as the latest reports on the countrys gross domestic product and jobs. Read more »

MARKET CLOSE: NZ shares gain, led by Xero

Article – BusinessDesk

July 25 (BusinessDesk) – New Zealand shares rose, led by Xero after investors gained confidence about the cloud-based accounting software firm’s US expansion plans following upbeat comments at the company’s annual meeting this week. Read more »

NZ dollar heads for 1.4% weekly drop post-Wheeler comments

Article – BusinessDesk

Jul. 25 (BusinessDesk) – The New Zealand dollar is heading for a 1.4 percent weekly fall against the greenback after Reserve Bank governor Graeme Wheeler talked down the local currency and signalled conditions were ripe for intervention. Read more »

Puhoi – Warkworth “holiday highway” gets the big tick

Article – BusinessDesk

July 25 (BusinessDesk) – A board of inquiry has given the go-ahead on the $760 million Puhoi-to-Warkworth highway. Read more »

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