Archive for the 'Article' Category

Countdown FY earnings slip 3.7% on record revenue

Article – BusinessDesk

Aug. 25 (BusinessDesk) – The Countdown supermarket chain posted a 3.7 percent drop in annual earnings due to a combination of food price deflation, competitive pressures and increased team-based performance payments as part of a customer service improvement … Read more »

Sheep milk industry gets $12.6M Crown funding

Article – BusinessDesk

Aug. 25 (BusinessDesk) – The fledgling sheep milk industry has been given a $12.6 million boost with government funding for a Primary Growth Partnership project with Spring Sheep Milk Co. Read more »

Ebos posts 20% gain in full-year profit as sales top $7 bln

Article – BusinessDesk

Aug. 25 (BusinessDesk) – Ebos Group posted a 20 percent gain in full-year profit and lifted its dividends as revenue topped $7 billion for the first time, saying it expects further earnings growth in the current year. Read more »

Methven continues annual revenue and profit growth

Article – BusinessDesk

Aug. 25 (BusinessDesk) – Methven, the shower and tapware designer, has reported a 31 percent increase in full-year net profit to $7.7 million with strong sales in New Zealand and Australia, continuing a turnaround in its performance that started … Read more »

SLI Systems curbs FY loss

Article – BusinessDesk

Aug. 25 (BusinessDesk) – E-commerce software seller SLI Systems narrowed its annual loss, reflecting cost containment during a restructuring following the loss of three major customers. Read more »

Hellaby Holdings annual profit falls 30%

Article – BusinessDesk

Aug. 25 (BusinessDesk) – Hellaby Holdings, the diversified investment group, posted a 30 percent fall as restructuring under new chief executive Alan Clarke continues. Read more »

Scales lifts first-half profit 3% on record Mr Apple crop

Article – BusinessDesk

Aug. 25 (BusinessDesk) – Scales Corp lifted first-half profit 3 percent and raised guidance for annual earnings as its Mr Apple unit delivered a record crop and met its 2020 export volume target four years early. Read more »

Former Tenths trustee gives evidence

Article – BusinessDesk

Aug. 25 (BusinessDesk) – A former trustee for the Wellington Tenths Trust has told Ngatata Love’s fraud trial that he was ok with the idea that “consultants” could be paid a $3 million fee for negotiating a deal with property developers. Read more »

NZ dollar gains as traders await Jackson Hole symposium

Article – BusinessDesk

Aug. 25 (BusinessDesk) – The New Zealand dollar rose above 73 US cents as traders wait to see what Federal Reserve chair Janet Yellen has to say at this weekend’s central banker symposium in Jackson Hole, Wyoming. Read more »

While you were sleeping: Wall Street slips

Article – BusinessDesk

Aug. 25 (BusinessDesk) – Wall Street moved lower ahead of Fridays speech by Federal Reserve Chair Janet Yellen who might offer clues on the timing for an interest rate hike by the central bankwhich some Fed officials have recently suggested could … Read more »

NZD falls – Yellen may dent kiwi-yield story

Article – BusinessDesk

The New Zealand dollar fell as traders speculated Federal Reserve chair Janet Yellen may echo recent hawkish statements by other Fed officials, giving impetus to the greenback. Read more »

Infratil still aspires to shareholder returns of 20% a year

Article – BusinessDesk

Infratil still aspires to generating total shareholder returns of 20 percent a year as it broadens the focus of its investment portfolio into sectors it wouldn’t have entered 10 years ago. Read more »

Seabed ironsands miner TransTasman tries again

Article – BusinessDesk

Aug. 24 (BusinessDesk) – The first company to attempt to gain a resource consent to mine ironsands from the ocean floor in New Zealand’s Exclusive Economic Zone has lodged a new application containing fresh scientific and other evidence it hopes … Read more »

Mobile health startup Vigil changes name

Article – BusinessDesk

Aug. 24 (BusinessDesk) – Vigil Monitoring, the digital healthcare company founded by Ray Avery and Alan Brannigan, is changing its name to Jupl as it expands into Australia. Read more »

Metro Glass sees ‘marked improvement’ in 2017

Article – BusinessDesk

Aug. 24 (BusinessDesk) – Metro Performance Glass, which has more than half the country’s glass processing market, expects to see a “marked improvement” in the coming year as it reaps the benefit of New Zealand’s building boom and looks further afield … Read more »

Qantas Airways resumes dividends after 7 years

Article – BusinessDesk

Aug. 24 (BusinessDesk) – Australias biggest airline, Qantas Airways, will resume paying dividends after a seven-year hiatus following a A$1.03 billion full-year net profit after tax, up 80 percent on the prior year and the best in its 95-year history. Read more »

Ngatata Love laments misplaced trust in Shaan Stevens

Article – BusinessDesk

Aug. 24 (BusinessDesk) – Former Wellington Tenths Trust chairman Ngatata Love says he misplaced his trust in Shaan Stevens and that both Stevens and Lorraine Skiffington misused his name on documents presented in his fraud trial, the High Court heard … Read more »

NZ trade deficit narrows in July from year earlier

Article – BusinessDesk

NZ trade deficit narrows in July from year earlier as imports fall faster than exports Read more »

NZOG resumes dividend after costs clamp-down

Article – BusinessDesk

Aug. 24 (BusinessDesk) – New Zealand Oil & Gas will resume dividend payments after clamping down on costs in response to the slump in global energy prices, which led to a write down in the value of its shareholding in Cue Energy Resources to produce … Read more »

Vector posts 4.7% gain in adjusted full-year earnings

Article – BusinessDesk

Aug. 24 (BusinessDesk) – Vector, the electricity and telecommunications infrastructure company, posted a 4.7 percent gain in adjusted full-year earnings on growth in Auckland and the expansion of its smart meter fleet, while signalling earnings growth may … Read more »

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