ASX-listed Retail Food Group takes control of Gloria Jean

Article – BusinessDesk

ASX-listed Retail Food Group takes control of Gloria Jean’s NZ master franchise from failed owner Read more »

Port of Tauranga says FY profit to rise as much as 10%

Article – BusinessDesk

Oct. 19 (BusinessDesk) – Port of Tauranga forecast 2018 profit will rise as much as 10 percent, saying it expects a strong pick-up in freight volumes in the first quarter to continue. Read more »

Restaurant Brands lifts first-half profit 41% on expansion

Article – BusinessDesk

Oct. 19 (BusinessDesk) – Restaurant Brands New Zealand lifted first-half profit 41 percent after the fast-food operator expanded its footprint through Australia and Hawaii. Read more »

Port of Tauranga Sees Strong Quarterly Growth

Press Release – Port of Tauranga Limited

Port of Tauranga today reported first quarter trade volume growth of 15% on the previous corresponding period. Read more »

Veritas censured, fined $55,000 plus costs

Article – BusinessDesk

Oct. 19 (BusinessDesk) – Veritas Investments has been publicly censured and fined $55,000 plus costs by the NZ Markets Disciplinary Tribunal for failing to immediately disclose to the market that it had agreed to sell or close its Nosh business as a … Read more »

Veritas Directors Action on Nosh Sale Warrant Investigation

Press Release – Bishop Warden

Bishop Warden: Actions of Veritas Directors During Nosh Sale Warrant Investigation Commercial debt buying company Bishop Warden Limited has today submitted formal complaints to the Registries Integrity & Enforcement Unit of the Companies Office and the … Read more »

Comvita lifts earnings outlook on ‘grey market’ recovery

Article – BusinessDesk

Oct. 18 (BusinessDesk) – Comvita raised its 2018 earnings outlook after a solid recovery of the so-called “grey channel” into China and significant North American sales, chief executive Scott Coulter said in a presentation for the annual general … Read more »

Tourism Holdings mindful of global ructions

Article – BusinessDesk

Oct. 18 (BusinessDesk) – Tourism Holdings is better equipped to cope with major global events that may stifle international travel, such as last year’s Brexit vote and the election of US President Donald Trump, says chair Rob Campbell. Read more »

China’s Citic Capital builds 7.3% stake in Tourism Holdings

Article – BusinessDesk

Oct. 18 (BusinessDesk) – Chinese investment manager Citic Capital, which oversees US$21 billion of assets, has built up a 7.3 percent stake in Tourism Holdings, making it the motorhome operator’s second-biggest shareholder. Read more »

RESEND: Former PM John Key tapped to take over as ANZ Chair

Article – BusinessDesk

Oct. 18 (BusinessDesk) – Former Prime Minister John Key will take over as chair of the country’s biggest bank, ANZ Bank New Zealand, next year in his second high-profile directorship. Read more »

Former PM John Key tapped to take over as ANZ NZ chair

Article – BusinessDesk

Oct. 18 (BusinessDesk) – Former Prime Minister John Key will take over as chair of the country’s biggest bank, ANZ Bank New Zealand, next year in his second high-profile directorship. Read more »

Deloitte South Island Index shows solid annual performance

Press Release – Deloitte

South Island listed companies collectively gained 6.9% in market capitalisation for 12-month period to 30 September Read more »

Fisher Funds says new Xero holding amounts to 3% of Kingfish

Article – BusinessDesk

Oct. 17 (BusinessDesk) – Kingfish, a listed investment fund that targets New Zealand shares, has taken an $8 million position in Xero shares after flagging its first bet on the unprofitable accounting software company. Read more »

Infratil, flush with funds, won’t offer reinvestment option

Article – BusinessDesk

Oct. 17 (BusinessDesk) – Infratil, which is one of the biggest issuers of NZDX-listed debt securities, says it won’t offer holders of its November 2017 bonds an option to reinvest because it has ample funds and untapped bank facilities. Read more »

Ebos forecasts 10% lift in 2018 earnings

Article – BusinessDesk

Oct. 17 (BusinessDesk) – Ebos Group, which posted a record profit in 2017 driven by acquisitions and sales growth, says earnings will rise about 10 percent in the current year after a strong first quarter for its healthcare and animal products … Read more »

Fonterra trims 2018 milk collection forecast on wet August

Article – BusinessDesk

Oct. 16 (BusinessDesk) – Fonterra Cooperative Group trimmed its milk collection outlook for the 2018 season after a wet August and September sapped production, especially in the North Island. Read more »

Fletcher to address NZSA’s performance concerns

Article – BusinessDesk

Fletcher to address NZSA’s performance concerns as lobby drops call to spill board, Norris says Read more »

Metro Glass announces strategic review, reiterates guidance

Article – BusinessDesk

Oct. 16 (BusinessDesk) – Metro Performance Glass will put its business under the microscope as the glass products maker’s management faces blowback from shareholders unhappy with their ability to grow earnings. Read more »

Jade Software appoints Charlotte Walshe as new CEO

Article – BusinessDesk

Oct. 13 (BusinessDesk) – Jade Software has appointed Charlotte Walshe as its new chief executive, replacing Jason Court, who held the position on an interim basis after the company split into Jade Software and Jade Logistics in June. Read more »

Acma Industries Limited in voluntary administration

Press Release – PwC

John Fisk and Richard Longman, Partners of PwC, were appointed Administrators of Acma Industries Limited on 11 October 2017. Acma is a polyurethane component manufacturer based in Upper Hutt, with approximately 40 employees. The business is now in voluntary … Read more »

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