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Downer’s NZ revenue jumps 59%

Article – BusinessDesk

Aug. 16 (BusinessDesk) – Sales at Downer EDI’s New Zealand division rose 59 percent, benefitting from last year’s purchase of parts of the Hawkins Group. Read more »

UPDATE: Skellerup lifts annual profit 23% to a record

Article – BusinessDesk

Aug. 16 (BusinessDesk) – Skellerup Holdings, the rubber goods manufacturer best known throughout rural New Zealand for its iconic ‘red band’ gumboot, lifted annual profit to a record as both its industrial and agri divisions boosted earnings. The shares … Read more »

Synergy continues its evolution

Press Release – Synergy

The Synergy Investment Programme (Synergy), the joint venture between Funds Administration New Zealand (FANZ) and Consilium NZ Limited, surged past $300m of funds under advice in August 2018. Read more »

Skellerup lifts annual profit 23%

Article – BusinessDesk

Aug. 16 (BusinessDesk) – Skellerup Holdings, the rubber goods manufacturer best known throughout rural New Zealand for its iconic ‘red band’ gumboot, lifted annual profit to a record as both its industrial and agri divisions boosted earnings. Read more »

Strong growth delivers record profit for Skellerup

Press Release – Skellerup Holdings Ltd

Record earnings before interest and tax (EBIT) of $39.8 million, up 21% on pcp. Read more »

Cooks Global Foods to buy Mojo for $19M

Article – BusinessDesk

Aug. 15 (BusinessDesk) – Cooks Global Foods will buy Mojo Coffee Cartel for $19 million and support the well-known Wellington chain’s US expansion plans. Read more »

Fairfax slashes value of NZ business as Nine merger looms

Article – BusinessDesk

Aug. 15 (BusinessDesk) – Fairfax Media Group more than halved the value of its Kiwi assets, attaching just A$40 million to mastheads that were once the core of a billion dollar investment. Read more »

IAG almost doubles NZ earnings despite Fehi, Gita

Article – BusinessDesk

Aug. 15 (BusinessDesk) – Insurance Australia Group’s full-year earnings in New Zealand almost doubled despite cyclones earlier this year pushing natural peril claims beyond expectations for a second year running. Read more »

Demand for Wellington Drive’s IoT system boosts 1H sales 18%

Article – BusinessDesk

Aug. 15 (BusinessDesk) – Wellington Drive Technologies lifted first-half sales by almost a fifth as its internet-of-things cooling and inventory management system attracted new customers, including its first in the dairy sector. Read more »

SenateSHJ welcomes Jane Ratcliffe as Partner

Press Release – SenateSHJ

Wellington, 15 August 2018 SenateSHJ is pleased to welcome Jane Ratcliffe as a partner and head of its public sector practice in New Zealand. Read more »

Heartland sees more earnings growth in 2019

Article – BusinessDesk

Aug. 15 (BusinessDesk) – Heartland Bank is eyeing up acquisitions to maintain double-digit earnings growth in 2019 after its reverse mortgage business underpinned an 11 percent gain in annual profit. Read more »

NZX 1H earnings fall; special dividend declared

Article – BusinessDesk

Aug. 15 (BusinessDesk) – NZX first-half earnings fell as it lifted spending as part of a plan to position itself for future growth. It will return cash from the sale of non-core assets to shareholders as a special dividend. Read more »

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