Small firms stronger for longer – ANZ Business Micro Scope

Press Release – ANZ Bank

Small business confidence improved for a sixth consecutive quarter to touch a new high in the three months to March, according to ANZs quarterly Business Micro Scope survey of small firms. Read more »

Moa shares soar after meeting sales guidance

Article – BusinessDesk

April 4 (BusinessDesk) – Shares in Moa Group soared to a three-week high after the beer maker said it met a sales target, which it was forced to cut last year when switching its local distribution. Read more »

Double-edged sword of online betting hits racing earnings

Article – BusinessDesk

April 4 (BusinessDesk) – New Zealand’s Racing Board has posted a 2 percent gain in first-half betting and gaming turnover as it continues to push online gambling options in a bid to drive growth and stem any flow to overseas bookmakers. Read more »

Xero annual loss more than doubles to $35 million

Article – BusinessDesk

April 4 (BusinessDesk) Xero, the cloud-based accounting software company, widened its full-year loss after it doubled staff numbers to drive overseas sales. Read more »

PharmaZen notches strong increase in tough export market

Press Release – PharmaZen

Biotechnology company PharmaZen Ltd has reported a 38% increase in its annual surplus before tax of $739,114 for the year ended December 31, 2013, despite a challenging environment for exporters. Read more »

NZ Energy Corp targeting 16 producing wells

Article – BusinessDesk

April 3 (BusinessDesk) Onshore Taranaki oil producer New Zealand Energy Corp. returned two previously producing wells to production last month and is advancing plans for another three to come on stream by the end of June. Read more »

HK-listed Greenheart buoyed by Chinese demand for NZ logs

Article – BusinessDesk

April 2 (BusinessDesk) – Hong Kong-listed Greenheart Group, which owns the 13,000 hectare Mangakahia forestry estate in Northland, narrowed its annual loss as the New Zealand unit propped up the forestry group with growing Chinese demand for logs. Read more »

Christchurch Central Development Unit: Market Update

Press Release – Christchurch Central Development Unit

Construction of Christchurchs new $53 million Bus Interchange is getting closer with tenders being sought from building contractors and site preparation underway this week. Read more »

Canterbury consumers crack open their wallets

Press Release – ASB Bank

The ASB Cantometer index edged up to a new high of 1.4 in March, largely as a result of strong data on consumption. A range of indicators improved over the last few weeks, but the most obvious gains were in retail sales and consumer confidence in … Read more »

Digital music services top earners for NZ artists

Press Release – Recorded Music NZ

Recorded Music NZ, the industry representation and licensing organisation for recording artists and their labels, today (31 March) released its wholesale figures for the New Zealand recorded music industry in 2013. Read more »

AWF says core annual earnings to decline, Madison grows

Article – BusinessDesk

March 31 (BusinessDesk) – AWF Group, the contract labour firm, warns blue-collar annual earnings will come in below last years record, despite a strong contribution from its new white-collar recruitment acquisition, Madison Group. Read more »

Deutsche keeps ‘sell’ rating on Fonterra, seeks transparency

Article – BusinessDesk

March 28 (BusinessDesk) Fonterra Cooperative Group needs to make it far clearer to farmers and other investors how its business model operates, says Deutsche Bank after the dairy exporter shored up a slump in half-year profits by intervening in … Read more »

Surge in Multi-Screen Viewing Revealed in MediaWorks Survey

Press Release – Mediaworks

New Zealanders own more smartphones and tablets, are doing more of their shopping online, and social media usage has increased. Viewing content on multiple screens is the norm for those surveyed; the majority have more than five screens available … Read more »

Scott Technology first-half profit drops 63%

Article – BusinessDesk

March 28 (BusinessDesk) – Scott Technology, the industrial automation firm, reported a 63 percent slump in first-half profit as a strong New Zealand dollar eroded the companys export earnings and stiff competition pushed down margins. Read more »

Synlait Milk shares punished for over-optimistic forecasts

Article – BusinessDesk

March 27 (BusinessDesk) Investors punished Synlait Milk shares after the dairy processor was forced to wind back the bullish profit forecast it gave in January because of disruptions from increased Chinese regulations on infant formula and unfavourable … Read more »

Synlait Milk posts $12.1 million half year NPAT

Press Release – Synlait

Synlait Milk Chairman Graeme Milne today announced that Synlait Milk has posted a $12.1 million net profit after tax for the first six months to 31 January 2014, an increase of $5.3 million on the $6.8 million for the same period in 2013. Read more »

Synlait Milk lowers FY forecast on infant formula volumes

Article – BusinessDesk

March 27 (BusinessDesk) Synlait Milk, whose shares are up 81 percent from its initial public offering, lowered its full-year profit forecast, saying regulatory changes in China and Fonterra Cooperative Groups whey protein recall are denting … Read more »

Fonterra profit down but revenue on track for $20 billion

Press Release – Federated Farmers

Fonterra Cooperative Groups half year results means it could be back on track to break the $20 billion revenue barrier; corporate New Zealands four minute mile. Read more »

Interim Profit Down, Record Forecast Cash Payout Maintained

Press Release – Fonterra

Forecast Cash Payout for the 2013/14 Season of $8.75, up 42 per cent – Farmgate Milk Price $8.65 per kgMS – Estimated full year dividend of 10 cents per share Revenue $11.3 billion, up 21 per cent Normalised EBIT $403 million, down 41 per cent … Read more »

Fonterra lifts sales in 1H; profit halves as margins shrink

Article – BusinessDesk

March 26 (BusinessDesk) Fonterra Cooperative Group posted a 53 percent drop in first-half profit as the price of milk ran ahead of prices for products such as cheese and casein, slashing margins at the worlds biggest dairy exporter. Read more »

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