MARKET CLOSE: NZX 50 rises to record, led by Sky TV on rugby

Article – BusinessDesk

MARKET CLOSE: NZX 50 rises to record, led by Sky TV on rugby rights; Spark, Ebos gain Read more »

Dorchester closes oversubscribed $30M capital raise

Article – BusinessDesk

Oct. 24 (BusinessDesk) – Dorchester Pacific, the finance company midway through a takeover for Turners Group, has closed its $30 million capital raising saying the offer was oversubscribed. Read more »

NZX says it doesn’t know why shares have declined

Article – BusinessDesk

Oct. 24 (BusinessDesk) – NZX, the stock market operator, said it doesn’t know why its share price has declined, in response to a query from its disciplinary arm. Read more »

Sky TV to launch $20/month subscription ondemand service

Article – BusinessDesk

Oct. 24 (BusinessDesk) – Sky Network Television, the country’s dominant pay-TV operator, will launch a new $20 a month subscription video ondemand service, Neon, in December, targeting non-Sky customers as it faces intensifying competition for viewers. Read more »

Sky TV sees annual profit gain of up to 8.6% in 2015

Article – BusinessDesk

Sky TV sees annual profit gain of up to 8.6% in 2015, flags new ondemand service Read more »

Heartland NZ chief risk officer resigns

Article – BusinessDesk

Oct. 24 (BusinessDesk) – Heartland New Zealand, the bank which formed after the merger of Canterbury and Southern Cross building societies and Marac Finance, has lost its chief risk officer Mark Mountcastle. Read more »

DNZ revalues portfolio up by $10.7 million

Article – BusinessDesk

Oct. 24 (BusinessDesk) – DNZ Property Fund, the listed property investor, boosted its portfolio value by $10.7 million in the first half and has leased over three quarters of its new Auckland mall. Read more »

Sealegs turns first-half profit

Article – BusinessDesk

Oct. 24 (BusinessDesk) – Sealegs Corp, which makes amphibious boats, turned a first-half profit after strong local demand underpinned a pick-up in sales, and as it taps new markets in South America. Read more »

Ballance Ward B Election draws record field

Press Release – Ballance Agri-Nutrients

Ballance Agri-Nutrients call last month for director nominations for its Ward B has yielded 9 candidates hoping to replace Dean Nikora who resigned as a director ahead of taking up an international posting. Read more »

Sky TV signs conditional deal to renew rugby rights

Article – BusinessDesk

Oct. 24 (BusinessDesk) – Sky Network Television, New Zealand’s dominant pay-TV company, has signed a conditional contract to renew its five-year deal with the New Zealand Rugby Union and the SANZAR unions for an undisclosed amount. The shares rose to a … Read more »

Auckland Airport’s duty free told to drop the hard sell

Article – BusinessDesk

Oct. 23 (BusinessDesk) – Auckland International Airport, the countrys main gateway, said it had talked to its two duty free retailers following what it called over-zealous competition at the airport. Read more »

MARKET CLOSE: NZX 50 climbs to new record, led by RBD

Article – BusinessDesk

Oct. 23 (BusinessDesk) – New Zealand shares rose to a new record close, led by Restaurant Brands New Zealand after the country’s biggest fast-food operator boosted its annual earnings guidance. Spark New Zealand pace gains as investors sought defensive stocks … Read more »

2014 annual meeting shareholder poll results

Press Release – Auckland Airport

The annual meeting of shareholders of Auckland International Airport Limited was held today at the Vodafone Events Centre in Manukau, Auckland. All resolutions put to the meeting were passed by shareholders. Full details of the polls conducted are … Read more »

Fonterra starts consultation on two new SI milk driers

Article – BusinessDesk

Oct. 23 (BusinessDesk) – Fonterra Co-operative Group, the world’s biggest dairy exporter, has begun a consultation process prior to lodging consent applications to build two new high-efficiency milk powder driers at its Studholme site in South Canterbury. Read more »

Auckland Airport confirms earnings guidance of $160-$170 mln

Article – BusinessDesk

Oct. 23 (BusinessDesk) – Auckland International Airport, the countrys main gateway, has confirmed its likely to deliver an underlying net profit of between $160 million and $170 million this financial year, in line with the guidance it gave in August. Read more »

Chairman and Chief Executive’s addresses 2014

Press Release – Auckland Airport

It is my pleasure to be here today as this is my first annual meeting as your new Chairman. Read more »

$8 Billion Tech Industry Shows Record Growth

Press Release – Technology Investment Network

New Zealand s Tech Export Sectors revenue has increased by 62% over the last decade to a record $8.3Billion, says the Technology Investment Network in its tenth annual TIN100 Report released today. The report measures the performance of the New … Read more »

Pyne Gould sells Epic stake after failing to gain control

Article – BusinessDesk

Oct. 23 (BusinessDesk) – Pyne Gould Corp, the asset management firm controlled by managing director George Kerr, has sold its 27 percent stake in Equity Partners Infrastructure Co No 1 after failing to take control of the investment company and oust its board. Read more »

Fletcher wins govt contract to build 237 homes in Chch

Article – BusinessDesk

Oct. 23 (BusinessDesk) – Fletcher Building has won a contract to build 237 homes on an 11.5-hectare Crown-owned site in Christchurch, including 89 which will be priced below $400,000, Housing Minister Nick Smith said. Read more »

Restaurant Brands raises annual profit forecast; shares jump

Article – BusinessDesk

Oct. 23 (BusinessDesk) – Restaurant Brands New Zealand, the nation’s largest fast food operator, raised its annual profit forecast as it benefits from lower input costs, higher sales and restructuring of stores. The shares rose to a record. Read more »

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