Exports sales boosted in July – 4 September

Press Release – NZMEA

The latest New Zealand Manufacturers and Exporters Association (NZMEA) Survey of Business Conditions completed during August 2015, shows total sales in July 2015 increased 2.48% (year on year export sales increased by 4.70% with domestic sales … Read more »

Seadragon rejected Blackmores in favour rights issue

Article – BusinessDesk

Sept. 3 (BusinessDesk) – SeaDragon, the fish oil refiner aiming to raise up to $9 million from shareholders to fund the escalating cost of an Omega-3 factory, says it turned down an investment offer from Australian health supplement company Blackmores … Read more »

SeaDragon Chair, CEO and CFO to invest up to $300,000

Press Release – SeaDragon

SeaDragon , New Zealands largest refiner and blender of high-quality, internationally-certified concentrated fish oils and fractions, is delighted to announce that its Chairman Colin Groves, its Chief Executive Officer Richard Alderton and its Chief Financial … Read more »

Hybrid Sales Reach 8 Million

Press Release – Toyota New Zealand

Toyotas Hybrid technology has chalked up its eighth million sale world wide as the technology becomes increasingly widely accepted. Read more »

Just Water posts 17% decline in annual profit

Article – BusinessDesk

Sept. 1 (BusinessDesk) – Just Water International, the water cooler and supplies business 79 percent owned by founder Tony Falkenstein, reported a 17 percent drop in annual profit, as restructuring costs weighed on the bottom line. Read more »

Top safety picks for used cars

Press Release – AA Insurance

Kiwi motorists have a fresh set of information to assist them in assessing the safety of their next used vehicle with the release of the 2015 Used Car Safety Ratings guide today. The Used Car Safety Ratings guide is updated every year and provides guidance … Read more »

Tenon announces first dividend in 17 years, profit trebles

Article – BusinessDesk

Aug. 31 (BusinessDesk) – Tenon, whose locally produced wood mouldings are sold in the US, announced its first dividend in 17 years after it trebled annual profit as a rebound in the US housing market and a decline in the kiwi dollar against the greenback … Read more »

Silver Fern Farms Must Not Be Allowed to Go Chinese

Press Release – New Zealand First Party

New Zealand First is vowing to fight for the continued New Zealand ownership of New Zealands second largest meat cooperative as it faces sale to the Chinese. Read more »

Martin Aircraft posts full-year loss

Article – BusinessDesk

Martin Aircraft posts full-year loss; on track to sell world’s first commercial jetpack next year Read more »

Government Decision to allow dumping gets balance wrong

Press Release – BusinessNZ

Government Decision to allow dumping gets balance wrong BusinessNZ is disappointed the Government has failed to heed submissions and is allowing goods to be dumped in NZ if it is deemed to be in the public interest, via a new public interest … Read more »

Retiring FPH CEO Daniell says narrower focus key to success

Article – BusinessDesk

Aug. 28 (BusinessDesk) – Retiring Fisher & Paykel Healthcare boss Mike Daniell says he realised the importance of focus rather than diversifying the company’s efforts about 20 years ago. Read more »

Govt to introduce consumer test on anti-dumping law

Article – BusinessDesk

Aug. 27 (BusinessDesk) – The government will introduce a new consumer welfare test to anti-dumping laws which it says will balance the interests of end-users with those of local manufacturers. Read more »

F&P Healthcare lifts earnings guidance; CEO Daniell retires

Article – BusinessDesk

Aug. 27 (BusinessDesk) – Fisher & Paykel Healthcare, the medical devices manufacturer, lifted its 2016 earnings guidance on the back of a favourable exchange rate and said long-time managing director Mike Daniell will retire. Read more »

Cavalier to trim debt by $6.5 mln from Ontera asset sale

Article – BusinessDesk

Aug. 27 (BusinessDesk) – Cavalier Corp, which is restructuring its business to revive its earnings, expects to cut debt by $6.5 million from the sale of its Ontera Modular Carpets unit. Read more »

Wellington Drive narrows first-half loss

Article – BusinessDesk

Aug. 26 (BusinessDesk) – Wellington Drive Technologies, the unprofitable maker of energy efficient motors, narrowed its first-half loss as gains in the Latin America market and a weaker kiwi dollar bolstered sales. Read more »

Miele, LG and Fisher & Paykel win Consumer NZ Brand awards

Press Release – Consumer Online

Miele, LG and Fisher & Paykel are winners of Consumer NZs Top Brand awards for dishwashers, washing machines, and fridges and freezers. To achieve Top Brand status, a brand must perform well in our product tests, customer satisfaction and … Read more »

Mercer, worst-performing stock on NZX this year, widens loss

Article – BusinessDesk

Aug. 25 (BusinessDesk) – Mercer Group, the stainless steel fabricator and manufacturer, widened its annual loss after only one of its units turned a profit and it wrote down the value of its assets. Read more »

Commission reconvenes conference on wool scouring

Press Release – Commerce Commission

The Commerce Commission is to reconvene its conference on Cavalier Wool Holding Limiteds application for authorisation to acquire New Zealand Wool Services International’s wool scouring business. Read more »

NZ Steel, iron sands mines on notice in Bluescope NZ review

Article – BusinessDesk

Aug. 24 (BusinessDesk) – Australian steel products group Bluescope is to review its steelmaking operations in both Australia and New Zealand, saying it needs “game-changing” savings in operating costs or it may stop making making hot rolled coil and billets … Read more »

Affco workers vote to strike

Article – BusinessDesk

Affco workers vote to strike after meat company became first to apply under new bargaining laws Read more »

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