Briscoe posts another record profit

Article – BusinessDesk

March 14 (BusinessDesk) – Briscoe Group lifted annual profit 26 percent to deliver another record profit as the homeware and sporting goods chain bolstered fatter margins with a gain on the sale of a Hastings property and dividends from Kathmandu Holdings. Read more »

Xero’s Asia pathway widens with HSBC, DBS bank feed deals

Article – BusinessDesk

March 10 (BusinessDesk) – Xero has extended its global footprint into Asia, signing two major bank feeds in the region that chief executive Rod Drury says will make it much easier for Australasian businesses to export into the region. Read more »

Todd Corp deputy chair Malcolm Whyte retires

Press Release – BusinessDesk

March 10 (BusinessDesk) – Todd Corp deputy chairman Malcolm Whyte has retired after 30 years as a director of the holding company for New Zealands wealthiest family. Read more »

Restaurant Brands lifts 4Q revenue

Article – BusinessDesk

March 9 (BusinessDesk) – Restaurant Brands New Zealand, the fast-food retailer, lifted fourth quarter sales 37 percent to $121.6 million, bolstered by gains from its Australian KFC stores. Read more »

Warehouse first-half profit drops 76%

Article – BusinessDesk

March 9 (BusinessDesk) – Warehouse Group reported a 76 percent drop in first-half profit after the retailer took an impairment charge against its financial services unit, recognised restructuring costs and earned less from its Red Shed department … Read more »

TeamTalk recommends shareholders take no action

Press Release – TeamTalk

Spark Offer is woefully inadequate: TeamTalk recommends shareholders take no action TeamTalk Limited (NZX: TTK) shareholders will shortly receive an offer document from Spark New Zealand Trading Limited (Spark) seeking to acquire their shares for … Read more »

Economists pare back Fonterra milk payout forecasts

Article – BusinessDesk

March 8 (BusinessDesk) – Economists have pared back their forecasts for Fonterra Cooperative Group’s milk payout to its farmer shareholders for the current season after dairy prices tumbled in the overnight GlobalDairyTrade auction. Read more »

Restaurant Brands splits into 3 geographical divisions

Article – BusinessDesk

March 8 (BusinessDesk) – Restaurant Brands has changed its corporate structure, splitting into three regional operating divisions following its acquisition of the largest fast-food operator in Hawaii. Read more »

NZ video games industry revenues race ahead to $424M in 2016

Press Release – IGEA

Auckland, New Zealand 8 March 2017 The New Zealand video and computer games industry generated $424 million in revenue in 2016, a seven per cent increase on 2015 sales. Data released today by the Interactive Games & Entertainment Association … Read more »

Half Year Result to 31 December 2016

Press Release – Dunedin City Holdings

Dunedin (Tuesday, 7 March 2017) Dunedin City Holdings Limited has reported a surplus after tax of $4.9 million for the six months to December 2016, in line with budget. Read more »

More spending with foreign credit cards

Press Release – Paymark

More spending with foreign credit cards Tourism a key contributor but the boost is not shared by all merchants Read more »

Provisional housing market update – February 2017 Auckland

Press Release – Harcourts

In February, Harcourts sold 402 houses Auckland, which is up markedly on the 263 sold in January, a traditionally slow month in real estate. Read more »

ComCom rejects insurer Aon’s bid

Article – BusinessDesk

March 3 (BusinessDesk) – The Commerce Commission has rejected an application by insurer Aon New Zealand to buy the fire sprinkler and alarm inspection business of Fire Protection Inspection Services, saying it would have given the merged entity a dominant grip … Read more »

Horizons welcomes strong CentrePort half year results

Press Release – Horizons Regional Council

Horizons Regional Council has welcomed CentrePorts half-year results, which were strong despite the impact of the Kaikoura earthquake on operations. Read more »

CentrePort posts $35.7 million 1H loss after earthquake

Article – BusinessDesk

March 1 (BusinessDesk) – CentrePort, the Wellington port operator, reported a loss in the first half of its financial year due to damage from November’s Kaikoura earthquake, which it described as the biggest adverse event in its history. Read more »

Pyne Gould back in black

Article – BusinessDesk

March 1 (BusinessDesk) – Pyne Gould Corp, the financial services firm controlled by managing director George Kerr, returned to profit in the first-half as its Queenstown property development came to market in the tail-end of 2016. Read more »

Wellington Drive releases its 2016 financial statements

Press Release – Wellington Drive Technologies

Wellington today released its financial statements for the year ended 31 December 2016, presenting a result consistent with the market update provided on 1stFebruary 2017. Read more »

Foley Family Wines turns to first-half loss on quake costs

Article – BusinessDesk

March 1 (BusinessDesk) – Foley Family Wines, whose brands include Vavasour and Martinborough Vineyard, turned to a loss in its first half as it battled falling wine sales and the aftermath of last year’s Kaikoura earthquake. Read more »

Apple NZ reports lower FY profit, defers taxes

Article – BusinessDesk

March 1 (BusinessDesk) – Apple Sales New Zealand, the local unit of the iPhone and iPad maker, reported a lower annual profit on a higher cost of sales, despite spending less buying inventory from related companies. Read more »

TeamTalk lifts 1H profit 18%

Article – BusinessDesk

March 1 (BusinessDesk) – Network provider TeamTalk, which is under a $22.7 million hostile takeover offer from Spark NZ, lifted first-half profit 18 percent, forecast annual profit and will consider resuming dividends next year. Read more »

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