Business Scoop


Infratil signals A$50m investment in Canberra Data Centres

Article – BusinessDesk

Dec. 14 (BusinessDesk) – Infratil says it expects to invest up to another A$50 million in Canberra Data Centres to help fund its on-going growth. Read more »

Scales Corporation Acquires 60% of US Petfood Company

Press Release – Scales Corporation Ltd

Scales Corporation Acquires 60% of US Petfood Ingredients Manufacturer Shelby JV LLC For US$23.2M Diversified agribusiness Scales Corporation Limited (NZX:SCL) today announced an agreement to extend its existing petfood ingredients business Meateor … Read more »

Moana New Zealand profit up 11%

Press Release – Moana Fisheries

Iwi-owned seafood company Moana New Zealand has today reported a net profit after tax of $21.4 million for the year ended 30 September 2018. Finishing the year at 100% of plan, this is up 11% on last years profit of $19.3 million. Read more »

Methven shares halted pending material transaction

Article – BusinessDesk

Dec. 14 (BusinessDesk) – Trading in Methven shares has been halted pending the announcement of a material transaction. Read more »

Infratil forecast unaffected by delayed return from Longroad

Article – BusinessDesk

Dec. 14 (BusinessDesk) – Infratil says the later-than-expected receipt of development margins on Longroad Energys Rio Bravo wind development hasnt altered the firms full-year earnings guidance. Read more »

PFI properties’ valuation rises 5.5% to $1.32 billion

Article – BusinessDesk

Dec. 13 (BusinessDesk) – Property for Industry says the value of its portfolio has risen by 5.5 percent and that it has sold a Wellington property that had asbestos and earthquake issues. Read more »

Restaurant Brands 3rd-qtr sales rise 4.7%

Article – BusinessDesk

Dec. 13 (BusinessDesk) – Restaurant Brands New Zealand, subject to a partial takeover bid by Mexico’s Finaccess Capital, said its third-quarter sales rose 4.7 percent as its overseas operations continued to grow. Read more »

Rakon boosts bank funding to meet increased telco demand

Article – BusinessDesk

Dec. 12 (BusinessDesk) – Rakon has added $6 million to its cash working capital facility with ASB Bank, which it says will help meet the increased demands for telecommunications infrastructure. Read more »

Motor vehicle lending helps UDC lift annual profit 6%

Article – BusinessDesk

Dec. 12 (BusinessDesk) – The ANZ Bank-owned UDC Finance says an 18 percent increase in lending on motor vehicles helped it lift annual net profit 6 percent. Read more »

Annual result underscores Yellow’s transformation

Press Release – Yellow

12 December 2018 An encouraging financial result for Yellow shows its transformation to a digital marketing agency is continuing to reap benefits. Read more »

UDC Finance delivers another record result with $65.3m net

Press Release – UDC Finance

UDC Finance has posted a record net profit after-tax of $65.3 million for the Financial Year to 30 September 2018, a 6% increase on the prior financial year. Read more »

Brokerage firm LINK raises a further $3.4M in capital

Press Release – LINK Business NZ

The countrys leading, and worlds largest business brokerage firm, LINK, has completed its second successful capital raise, raising a further NZ$3.45m. The initial target – set at NZ$3.25m – was bolstered by enthusiasm from internal staff, executives, … Read more »

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