Archive for the 'Article' Category

UPDATE: Gentrack faces long-term game to win over investors

Article – BusinessDesk

(Adds IPO cost detail in 2nd graph, clarifies shortfall to IPO forecast in 3rd graph) Read more »

Chatham Rock, hoping for ruling before Xmas, widens 1H loss

Article – BusinessDesk

Nov. 27 (BusinessDesk) – Chatham Rock Phosphate, the company proposing to mine phosphate nodules from the seabed on the Chatham Rise, reported a near-tripling of its first-half loss as it spent more on exploration, sought a listing on Londons AIM market and … Read more »

Trilogy turns to 1H profit as Ecoya posts positive earnings

Article – BusinessDesk

Nov. 27 (BusinessDesk) – Trilogy International, the skincare and scented candle company, turned to a profit in its first half as a boost in sales for its Ecoya range in Australia helped the unit reach profitability. The shares jumped to a two-month high. Read more »

Gentrack chairman says long-term game to win investors over

Article – BusinessDesk

Nov. 27 (BusinessDesk) – Gentrack Group chairman John Clifford said the software companys share price, still trading 35 cents below its listing price, will take care of itself once it starts delivering projected profits over time. Read more »

NZ posts trade deficit in October on falling dairy exports

Article – BusinessDesk

Nov. 27 (BusinessDesk) – New Zealand’s posted its largest monthly trade deficit for October in six years, while narrowing the shortfall from September, led by a fall in dairy exports to China while all main imports into the country rose. Read more »

Energy Mad narrows 1H loss; shifts focus to LED bulbs

Article – BusinessDesk

Nov. 27 (BusinessDesk) – Energy Mad, the energy efficient lightbulb marketer, narrowed its first-half loss after a year earlier impairment washed through, though widened its operating loss on flat sales and as it shifts focus to LED lightbulbs. Read more »

Gentrack profit falls 49%, beating downgraded guidance

Article – BusinessDesk

Nov. 27 (BusinessDesk) – Gentrack Group, which develops utilities and airports software, reported a 49 percent drop in full-year profit, missing its initial public offer forecast, but beating the downgraded guidance it gave just five weeks after listing … Read more »

Tower annual profit drops 32% from 2013 asset sales

Article – BusinessDesk

Nov. 27 (BusinessDesk) – Tower, which sold its health, life, and investment units to focus on general insurance, reported a 32 percent drop in annual profit, while improving its underlying earnings in general insurance, and signalled plans for another … Read more »

NZ dollar touches fresh 4-month high vs. A$

Article – BusinessDesk

Nov. 27 (BusinessDesk) – The New Zealand dollar touched a fresh four-month high against the Australian dollar after the Aussie broke through a key support level amid speculation the country’s central bank may cut interest rates to bolster the economy. Read more »

MRP faced scaling up risk on several carbon credit contracts

Article – BusinessDesk

Nov. 27 (BusinessDesk) – A contractual dispute over carbon credits that MightyRiverPower is contesting in court is not the first time its faced a scaling up of the carbon credits it was required to take as part of its plan to offset carbon emissions from … Read more »

While you were sleeping: US data disappoints

Article – BusinessDesk

Nov. 27 (BusinessDesk) – Wall Street seesawed near record highs ahead of the Thanksgiving holiday and as key producers gathered in Vienna for an OPEC meeting that might help determine how much further the price of oil will slide. Read more »

MARKET CLOSE:NZ shares rise paced by Pacific Edge; Orion up

Article – BusinessDesk

Nov. 26 (BusinessDesk) – New Zealand shares rose, paced by Pacific Edge after it announced a European patent for one of its cancer tests. Orion Health Group climbed in its NZX debut, as investors looked for growth stocks. Read more »

NZ dollar to stay under pressure until December MPS

Article – BusinessDesk

Nov. 26 (BusinessDesk) – The New Zealand dollar was little changed in local trading, and will likely remain under pressure as low inflation expectations and weak dairy prices keep traders wary on the currency until next month’s monetary policy review. Read more »

UPDATE: MFAT chief John Allen leaves for NZ Racing Board

Article – BusinessDesk

Nov. 26 (BusinessDesk) – The chief executive of the New Zealand Ministry of Foreign Affairs & Trade, John Allen, is resigning to head up the New Zealand Racing Board. Read more »

CORRECT: NZTE’s annual report shows big company woes weigh

Article – BusinessDesk

Nov. 26 (BusinessDesk) – New Zealand Trade and Enterprise, the governments international business development agency, said the 540 key companies it works with grew their export revenues by 1.3 percent or $383 million in the 2013/2014 year after some larger … Read more »

CORRECT: Retail electricity margins unsustainably high

Article – BusinessDesk

Nov. 26 (BusinessDesk) – Electricity companies’ margins on retail electricity tariffs are unsustainably high and will spur ongoing competition in the sector, to the detriment of companies like Genesis Energy, which is heavily skewed towards a residential customer … Read more »

Tourism Holdings lifts annual profit forecast, shares rise

Article – BusinessDesk

Nov. 26 (BusinessDesk) – Tourism Holdings, the biggest campervan rental company in Australia and New Zealand, said annual profit may rise as much as 44 percent on increased sales and lower costs. The shares rose to a six-year high. Read more »

MRP rejects carbon farmer’s carbon unit top-up claim

Article – BusinessDesk

Nov. 26 (BusinessDesk) – MightyRiverPower has claimed in the High Court it shouldnt have to pay for carbon units issued for years prior to the start of its contract with New Zealand Carbon Farming in 2013, which it entered as part of its effort to … Read more »

Smartpay 1H profit rises 70% on currency benefit, epay

Article – BusinessDesk

Nov. 26 (BusinessDesk) – Smartpay, the listed payments terminal supplier, posted a 70 percent gain in first-half profit as it benefited from currency movements and revenue from its partnership with Euronet Worldwide’s epay unit. Read more »

Retail electricity margins unsustainably high, broker says

Article – BusinessDesk

Nov. 26 (BusinessDesk) – Electricity companies’ margins on retail electricity tariffs are unsustainably high and will spur ongoing competition in the sector, to the detriment of companies like Genesis Energy, which is heavily skewed towards a residential customer … Read more »

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