Acquisitions, economic growth drive Waste Management sales

Article – BusinessDesk

July 12 (BusinessDesk) – Waste Management, New Zealand’s biggest waste collection and recycling company, lifted sales by 2.3 percent in 2016 through a combination of acquisitions and increased demand and says it is enjoying another year of growth. Read more »

Maui Capital gets nibbles for Freshmax

Article – BusinessDesk

July 11 (BusinessDesk) – Australasian fresh produce business Freshmax has attracted interest from potential buyers and an ownership change is possible before the end of September, say sources close to the sale process. Read more »

SLI Systems shares sink to record low

Article – BusinessDesk

July 11 (BusinessDesk) – SLI Systems shares sank to a record low, extending this year’s decline, as a dearth of news ahead of next month’s earnings season has seen some investors exit the e-commerce software vendor. Read more »

Zespri plans to carry out targeted share buyback

Article – BusinessDesk

July 11 (BusinessDesk) – Kiwifruit exporter Zespri plans a targeted share buyback and issue programme next year after the government approved changes to the kiwifruit export regulations. Read more »

UK’s Skipton Building Society buys out Jade Software

Article – BusinessDesk

July 10 (BusinessDesk) – UK non-bank lender Skipton Building Society has bought out minority shareholders in Jade Software as the Christchurch-based tech company targets an early return to profit. Read more »

Cooperative Bank CFO Gareth Fleming to end a decade

Article – BusinessDesk

Cooperative Bank CFO Gareth Fleming to end a decade with the lender later this month Read more »

Asahi’s Better Drinks Co takes $3.7M impairment against bran

Article – BusinessDesk

Asahi’s Better Drinks Co takes $3.7M impairment against brands, narrows full-year loss By Jonathan Underhill Read more »

CBL buys 40% stake in Irish professional insurer Allied Risk

Article – BusinessDesk

July 10 (BusinessDesk) – CBL Corp has continued its acquisition spree of recent years with the purchase of a 40 percent stake in Allied Risk Holdings for 1.38 million euros, and will use the Irish professional insurer’s senior management to populate … Read more »

Ticketmaster NZ profit climbs 59%

Article – BusinessDesk

July 10 (BusinessDesk) – Ticketmaster New Zealand’s annual profit rose 59 percent in 2016 as the booking agency benefited from increased revenues generated by the 12,000-seat Vector Arena, now renamed Spark Arena. Read more »

Michael Hill full-year sales rise 6% on new store openings

Article – BusinessDesk

July 7 (BusinessDesk) – Michael Hill International reported a 6 percent gain in full-year sales, reflecting a net increase in new stores. Canada was the jewellery retailer’s stand-out market in the latest year. Read more »

ERoad shares jump 10%

Article – BusinessDesk

July 7 (BusinessDesk) – ERoad shares have soared 31 percent since Wednesday, hitting a four-month high, as buying continued after the company posted positive quarterly sales earlier this week. Read more »

Steel & Tube 2017 earnings will be up to 15% lower

Article – BusinessDesk

July 7 (BusinessDesk) – Steel & Tube has issued a profit warning after a challenging second half and increased competition in the market. Read more »

Summerset quarterly sales drop 18% from a year earlier

Article – BusinessDesk

July 7 (BusinessDesk) – Summerset Group posted an 18 percent drop in second-quarter sales from a record year-earlier period although the retirement village operator and developer says its building programme is set to deliver more units later in the … Read more »

Independent Liquor back in black on fatter margins

Article – BusinessDesk

July 6 (BusinessDesk) – Independent Liquor NZ, which owns alcohol brands such as Woodstock Bourbon and Boundary Road beer, returned to profit in 2016 as the country’s biggest RTD maker fattened its margins and slashed its marketing spend in the face … Read more »

Tomizone seeks A$2 mln in share issue

Article – BusinessDesk

Tomizone seeks A$2 mln in share issue as boardroom shuffle puts Wolfstrike’s Bailey in charge Read more »

Z Energy shares fall 3.6% as fuel price study finds concerns

Article – BusinessDesk

Z Energy shares fall 3.6% as fuel price study finds areas of concern in petrol pricing Read more »

Spark’s wireless broadband key to fatter margins

Article – BusinessDesk

July 3 (BusinessDesk) – Spark New Zealand’s plans to fatten earnings margins will largely rely on its ability to switch broadband customers to its fixed wireless network, although the next iteration of mobile technology makes the future murkier for the … Read more »

National IP firm announces three promotions for 2017

Press Release – Baldwins Intellectual Property

Specialist intellectual property firm Baldwins has announced the promotion of one new Senior Associate and two new Associates. Read more »

Blair Bryant resigns as director of Powerhouse;

Article – BusinessDesk

June 30 (BusinessDesk) – Blair Bryant has resigned from the board of Powerhouse Ventures and as a result the ASX-listed, Christchurch-based technology incubator has cancelled a special meeting of shareholders it had called on July 21 in Sydney to vote him … Read more »

Future Mobility Solutions planning to de-list from NZX

Article – BusinessDesk

June 30 (BusinessDesk) – Future Mobility Solutions, the company formerly known as SeaLegs, plans to delist from the NZX, saying the market is too small. Read more »

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