Archive for the 'Article' Category

Dorchester gets past 90% ownership threshold for Turners

Article – BusinessDesk

Oct. 29 (BusinessDesk) – Dorchester Pacific, the finance company, has reached the 90 percent threshold in its takeover of Turners Group, allowing it to mop up remaining shares in the car auction firm. Read more »

NZ business confidence gains in post-election bounce

Article – BusinessDesk

Oct. 29 (BusinessDesk) – New Zealand business confidence advanced for the first time in eight months in October, rebounding from a two-year low as certainty returned following last month’s general election. The New Zealand dollar rose after the survey … Read more »

Sealord signs quota pooling deal with iwi

Article – BusinessDesk

Oct. 29 (BusinessDesk) – Sealord has signed a quota pooling deal with three separate iwi collectives which will see New Zealand’s second-largest fishing company share profits obtained from the catching, processing and selling of the fish. Read more »

Pumpkin Patch accounts tagged over reliance on banker

Article – BusinessDesk

Oct. 29 (BusinessDesk) – Pumpkin Patch’s 2014 annual accounts were tagged by auditor PwC over the unprofitable childrenswear retailer’s reliance on bank funding to continue trading as a going concern. Read more »

NZX posts slower Q3 revenue growth as election weighed

Article – BusinessDesk

Oct. 29 (BusinessDesk) – NZX, the New Zealand stock exchange operator, said third quarter revenue growth almost halved from the year earlier pace as activity slowed ahead of September’s general election and the number of new listings declined. Read more »

Sanford expands executive team

Article – BusinessDesk

Oct. 29 (BusinessDesk) – Sanford, the country’s biggest listed fishing group, has expanded its management team to kick off structural changes under new chief executive Volker Kuntzsch. Read more »

Heartland’s stronger asset quality earns Fitch upgrade

Article – BusinessDesk

Oct. 29 (BusinessDesk) – Heartland Bank, which trades on the NZX as Heartland New Zealand, had its credit rating lifted a notch by Fitch Ratings, after the agency was impressed by its improved asset quality and stronger earnings. Read more »

NZ dollar rises as greenback falls on weaker durable goods

Article – BusinessDesk

Oct. 29 (BusinessDesk) – The New Zealand dollar gained after weaker than expected US durable goods data weighed on the outlook for growth in the world’s largest economy. Read more »

While you were sleeping: US consumer gains confidence

Article – BusinessDesk

Oct. 29 (BusinessDesk) – Stocks on both sides of the Atlantic advanced amid better-than-expected corporate earnings and US consumer confidence climbing to the highest level in seven years. Read more »

Infratil executive Lib Petagna sells 3 million shares

Article – BusinessDesk

Oct. 28 (BusinessDesk) – Lib Petagna, the chief investment officer of HRL Morrison & Co which manages Infratil, has sold down his stake in the listed infrastructure investor, with Accident Compensation Corp’s investment portfolio taking up the majority … Read more »

MARKET CLOSE: NZX 50 rises to new record on yield hunt

Article – BusinessDesk

MARKET CLOSE: NZX 50 rises to new record on yield hunt; MRP, Spark, Sky TV gain Read more »

NZ dollar holds gains as traders await central bank meetings

Article – BusinessDesk

Oct. 28 (BusinessDesk) – The New Zealand dollar held gains in the local trading session as traders remain cautious ahead of the Reserve Bank and US Federal Reserve policy meetings on Thursday. Read more »

Opus flags $5.5M bill after missing out on project

Article – BusinessDesk

Oct. 28 (BusinessDesk) – Opus International Consultants, the listed engineering firm, flagged the loss of an undisclosed project will weigh on profit margins and cost it $5.5 million in the year. Read more »

Update: Orion Health seeks up to $150mln, eschews forecasts

Article – BusinessDesk

Oct. 28 (BusinessDesk) – Orion Health Group, which develops software systems for patient health management, wants to raise up to $150 million in new capital in an initial public offer but says it won’t offer earnings forecast because of the “lumpy” … Read more »

CORRECT: Orion Health valued up to $915M in IPO

Article – BusinessDesk

Oct. 28 (BusinessDesk) – Orion Health Group, which develops software systems for patient health management, wants to raise up to $150 million in an initial public offer which would value the firm at almost a billion dollars and give public investors … Read more »

Pyne Gould late accounts to be tagged by auditor

Article – BusinessDesk

Oct. 28 (BusinessDesk) – Pyne Gould Corp, whose shares have been suspended from trading over the late filing of its annual accounts, says its annual report will be tagged by its auditor, which is still going through the asset management firm’s books and … Read more »

Orion Health valued up to $915 mln in IPO

Article – BusinessDesk

Oct. 28 (BusinessDesk) – Orion Health Group, which develops software systems for patient health management, wants to raise up to $150 million in an initial public offer which would value the firm at almost a billion dollars and give public investors … Read more »

Nuplex names Holcim’s Cuthell as new CFO as Davis retires

Article – BusinessDesk

Oct. 28 (BusinessDesk) – Nuplex Industries, which last week announced the sale of two Australasian units to focus on global resins, named Holcim Australia’s Clive Cuthell as chief financial officer, replacing Ian Davis. Read more »

Goodman Property sells three Christchurch sites for $18.9M

Article – BusinessDesk

Oct. 28 (BusinessDesk) – Goodman Property Trust, the biggest listed property investor by market value, sold two industrial sites and an office building in Christchurch for $18.9 million to an undisclosed buyer. Read more »

Silver Fern turns to pretax profit, mulls capital structure

Article – BusinessDesk

Oct. 28 (BusinessDesk) – Silver Fern Farms turned to a pretax profit following losses the previous two years and signalled a reorganisation that may lead New Zealand’s biggest meat processor and marketer to change its capital structure. Read more »

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