UPDATE: Icebreaker mum on Pencarrow as Moon cedes control

Article – BusinessDesk

Nov. 20 (BusinessDesk) – Icebreaker is keeping mum on the implications of Pencarrow Private Equity’s arrival on its share register and board, which has seen the family of Jeremy Moon cede control of the merino wool clothing company he founded. Read more »

Pencarrow takes 38% stake in Icebreaker

Article – BusinessDesk

Nov. 20 (BusinessDesk) – Pencarrow Private Equity, whose past investments have included paper merchant BJ Ball and buggy maker Phil & Teds, has taken a 38 percent stake in merino wool clothing company Icebreaker. Read more »

Spidertracks Confirms A Dozen Orders for New Spider 7

Press Release – Spidertracks

Spidertracks’ latest real-time tracking device for business aviation has proved a huge hit at it’s launch, with at least 12 orders confirmed at NBAA in Las Vegas. The Spider 7, the seventh generation of hardware comes with the option of an external … Read more »

Blis forecasts doubling in FY sales, small pretax surplus

Article – BusinessDesk

Blis forecasts doubling in full-year sales, small pretax surplus, after first-half loss narrows Read more »

Moa launches MoaMule: Beer on demand with UrbanSherpa

Press Release – Moa Brewing

Have you ever wished that your favourite brewery delivered? Now they do with MoaMule, the new service from Moa and UrbanSherpa. Read more »

Wool Lifts

Press Release – New Zealand Wool Services International

New Zealand Wool Services International Limiteds C.E.O, Mr John Dawson reports that a slightly easier New Zealand dollar and limited wool volumes combined with steadier enquiry, saw most categories well supported. Read more »

Fonterra exits Dairy Farmers of America joint venture

Article – BusinessDesk

Nov. 19 (BusinessDesk) – Fonterra Cooperative Group, the world’s biggest dairy exporter, plans to sell its stake in the DairiConcepts ingredients joint venture with Dairy Farmers of America for some $196 million, after deciding it didn’t fit the company’s … Read more »

Rakon turns to 1H profit, annual earnings likely to be flat

Article – BusinessDesk

Nov. 19 (BusinessDesk) – Rakon, the high-tech components maker, turned to a first-half profit and reiterated that it expects to post flat full-year earnings. Read more »

Precision Microcircuits partners with ultrasound pioneer

Article – BusinessDesk

Nov. 19 (BusinessDesk) – Precision Microcircuits, a family-owned New Plymouth firm, has partnered with a global pioneer in ultrasound technology to build a portable brain injury scanner that may become a must-have for field medics around the world. Read more »

RESEND: Coats to quit NZX, ASX as NZ, Aust stakes dwindle

Article – BusinessDesk

Nov. 18 (BusinessDesk) – Coats Group, the UK-based threadmaker that grew out of diversified investor Guinness Peat Group, plans to quit the ASX and NZX with Australasian investors making up less than a fifth of its ownership in a bid to cut down on the costs of … Read more »

Affco ‘unlawfully’ locked out meat workers, court rules

Article – BusinessDesk

Affco ‘unlawfully’ locked out meat workers, didn’t act in good faith, Employment Court rules Read more »

Fonterra Millionnaires Club Needs a Rocket

Press Release – New Zealand First Party

Fonterras 22-strong millionaires club of managers needs a big serve from its board after belatedly realising branded products and food service is the way to go, says New Zealand First Leader and Member of Parliament for Northland Rt Hon … Read more »

New office complex already half leased

Press Release – Bayleys

The regeneration of Taurangas central business district continues to gather momentum with plans being released for a new five storey commercial and retail complex on the corner of Cameron Road and Third Avenue. Read more »

Wellington Drive narrows 3Q loss as sales rise

Article – BusinessDesk

Nov. 16 (BusinessDesk) – Wellington Drive Technologies narrowed its third-quarter loss after the unprofitable maker of energy-efficient motors lifted sales in Latin America and Asia, and benefitted from a weaker kiwi dollar. Read more »

Motor-vehicle industry revs up retail sales

Press Release – Statistics New Zealand

Retail sales growth in the September 2015 quarter was led by large gains in the motor-vehicle industry, Statistics New Zealand said today. Read more »

Motor-vehicle industry revs up retail sales

Press Release – Statistics New Zealand

Retail sales growth in the September 2015 quarter was led by large gains in the motor-vehicle industry, Statistics New Zealand said today. Read more »

Fonterra Australia should be profitable in the next year

Article – BusinessDesk

Nov. 12 (BusinessDesk) – Fonterra Australia should become profitable in the next year, says Judith Swales, who runs the Australian operations of the New Zealand dairy giant and is the new boss for the cooperative’s Oceania consumer brands division. Read more »

NZ manufacturing activity slows to a 5-month low in October

Article – BusinessDesk

Nov. 12 (BusinessDesk) – New Zealand manufacturing activity weakened in October to the lowest level in five months in what may be a temporary blip. Read more »

Sheppard Cycles Australia and New Zealand – New partnership

Press Release – Sheppard Cycles

Scott Sports SA and John Struthers, the owner of Sheppard Industries, have entered into an agreement to establish two new jointly owned companies to be called Sheppard Cycles Australia, and Sheppard Cycles New Zealand. Other investors will be Kim Struthers, … Read more »

Callaghan Growth Grant recognises Methven ambition

Press Release – Methven

New Zealands award winning and market leading premium shower and tapware brand Methven Limited (MVN) has been awarded an R&D Growth Grant by Callaghan Innovation. Read more »

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