Serco exits equity stake, remains as operator

Article – BusinessDesk

June 16 (BusinessDesk) – Serco has sold its equity stake in the company that holds the contract to design, build and run Wiri Prison in South Auckland but continues as sub-contractor to operate the facility. Read more »

Independent Liquor sold The Mill liquor chain for $12 mln

Article – BusinessDesk

June 14 (BusinessDesk) – Independent Liquor NZ sold The Mill liquor chain for a total of $12 million, its financial accounts show. Read more »

Envirowaste lifts 2015 profit 50%

Article – BusinessDesk

June 16 (BusinessDesk) – Envirowaste Services, New Zealand’s second-biggest waste management firm, boosted annual profit 50 percent as its Mastagard acquisition and a growing population helped lift sales. Read more »

NZ primary sector export goals remain a stretch

Article – BusinessDesk

NZ goal of doubling primary sector exports to $64B by 2025 remains a stretch target, MPI says Read more »

Chamber congratulates sports winners

Press Release – Wellington Chamber Of Commerce

The Wellington Chamber of Commerce congratulates the winners from last nights Wellington Sports Awards. Read more »

Check your back pocket!The Co-operative Bank gives back!

Press Release – Co-operative Bank

Check your back pocket! The Co-operative Bank gives $2.1 million back to Kiwis Read more »

Goodring, Betterlife fined $171,500

Article – BusinessDesk

June 15 (BusinessDesk) – Truck-shop operators Goodring Co and Betterlife Corp have been fined a total of $171,500 after the first such sentences under the strengthened Credit Contracts and Consumer Finance Act 2003 (CCCFA) that came into force last … Read more »

King Country Energy reports $8.1 mln profit

Article – BusinessDesk

June 15 (BusinessDesk) – King Country Energy, the Taumarunui-based power generator and retailer, says profit in the fifteen months to the end of March 2016 was $8.1 million, up from $3.8 million in calendar 2014. Read more »

Wrightson lifts earnings forecast on strong retail

Article – BusinessDesk

June 15 (BusinessDesk) – PGG Wrightson raised its earnings guidance, saying its retail unit is likely to beat last year’s record result, although the rural services firm expects 2017 to be tough. Read more »

ARANZ Geo acquires 3point Science

Press Release – ARANZ Geo Limited

– ARANZ Geo Limited, a world leader in the interpretation and visualisation of geological data has acquired 3point Science based in Calgary, Canada. 3point Science, a specialist in cloud solutions and highly engaging 3D data visualisation, will become an independent … Read more »

BurgerFuel may cancel US expansion if backer pulls out

Article – BusinessDesk

June 14 (BusinessDesk) – BurgerFuel Worldwide, the NZAX-listed fast food chain franchisor, says it may ditch its plans to enter the US market and is uncertain of its support from backer Franchise Brands. Read more »

Truscreen Preliminary Unaudited Financial Results

Press Release – Truscreen

TruScreen (NZX: TRU), the worlds only CE certified manufacturer of an electro-light tissue differentiating device for the detection of cervical cancer, today released its preliminary unaudited financial results for the year ended 31 March 2016. Read more »

Sky TV ‘not attractive’ as a pure pay-TV operator

Article – BusinessDesk

June 14 (BusinessDesk) – Sky Network Television doesn’t have an attractive future as a “pure” standalone pay-TV business in the longer term as it faces increased rivalry and a “fundamental deterioration” in its strategic position, according … Read more »

TruScreen widens annual loss

Article – BusinessDesk

June 14 (BusinessDesk) – TruScreen, the NZAX-listed cervical cancer test developer, widened its annual loss as revenue dropped 21 percent because of delays in getting a new device certified. Read more »

DB Breweries cuts dividend to owner Heineken

Article – BusinessDesk

June 13 (BusinessDesk) – DB Breweries owner Heineken cut the dividend it took from the New Zealand brewer by more than a third in 2015, despite a rise in profits. Read more »

TeamTalk shares slump to record low on lack of dividend

Article – BusinessDesk

June 13 (BusinessDesk) – TeamTalk shares slumped to a record low after the telecommunications network company downgraded earnings guidance and said it won’t pay a final dividend this year as its 2012 purchase of rural broadband provider Farmside continues to … Read more »

Burger King widens full-year loss on Kiwi Pacific charge

Article – BusinessDesk

June 13 (BusinessDesk) – Blackstone Group’s Burger King chain in New Zealand widened its annual loss after taking a charge against its Kiwi Pacific joint venture and incurring higher finance and raw material costs. Read more »

GFNZ boosts annual profit 61% on widening margins

Article – BusinessDesk

June 13 (BusinessDesk) – GFNZ Group lifted annual profit 61 percent as the finance company, formerly known as Geneva Finance, grew the size of its loan book while widening margins in a low interest rate environment. Read more »

Airwork lifts earnings guidance

Article – BusinessDesk

June 13 (BusinessDesk) – Airwork Holdings, the aviation service provider, raised its annual earnings guidance after signing new customers from its expanded fleet. Read more »

GIMBLETT GRAVELSĀ® 2014 Annual Vintage Selection revealed

Press Release – Gimblett Gravels Winegrowers Association

Outstanding was Master of Wine Andrew Caillards description of the GIMBLETT GRAVELS red wines submitted to represent the 2014 vintage. On concluding the selection tasting Andrew applauded the producers, commenting that he tasted many wonderful … Read more »

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