MARKET CLOSE: NZ shares fall a second day as dollar weakens

Article – BusinessDesk

Jan. 30 (BusinessDesk) – New Zealand shares fell for a second day as the kiwi dollar’s slide to a four-year low sapped overseas investor appetite for high-yielding stocks such as Spark New Zealand and MightyRiverPower. Orion Health Group and Wynyard Group … Read more »

Equitise launches with mobile-media crowd-investment

Press Release – Equitise

New equity-crowdfunding service, , launches today by offering New Zealanders the chance to buy shares online in Tourism Radio NZ. Thriving in the twin, high-growth markets of mobile media technology and inbound tourism, Tourism Radio … Read more »

Orion shares fall to record low as billing delays dent sales

Article – BusinessDesk

Jan. 30 (BusinessDesk) – Orion Health Group shares fell to a record low after the healthcare management software developer said delays in settling contracts and paying bills in North America will weigh on second-half revenue. Read more »

Wynyard missed 2014 revenue forecast due to payments timing

Article – BusinessDesk

Jan. 30 (BusinessDesk) – Wynyard Group, the security software firm, said 2014 annual revenue lagged its forecast as negotiations on a few key contracts dragged into the next financial year. Read more »

GeoOp names Ben Foote as CEO, replacing Leanne Graham

Article – BusinessDesk

Jan. 30 (BusinessDesk) – GeoOp, whose software allows mobile businesses such as builders to manage their workforce, named Ben Foote as chief executive, replacing Leanne Graham, who resigned in September to take a new role leading the companys push into the … Read more »

MARKET CLOSE: NZX 50 falls from record; MRP, Spark drop

Article – BusinessDesk

MARKET CLOSE: NZX 50 falls from record as investors shed yield stocks after RBNZ comments Read more »

NZ Oil & Gas to return $63.2M of excess cash

Article – BusinessDesk

Jan. 29 (BusinessDesk) – New Zealand Oil & Gas, the listed energy explorer, will return $63.2 million of excess cash to shareholders after gaining final High Court orders allowing it to proceed with the plan. Read more »

Xero names US-based Douglas Jeffries as CFO

Article – BusinessDesk

Jan. 29 (BusinessDesk) – Xero, the cloud-based accounting software firm, named US-based Douglas Jeffries as its new chief financial officer, replacing Ross Jenkins who will take on the new role of chief operating officer responsible for field operations. Read more »

UPDATED: Briscoe considers customer loyalty programme

Article – BusinessDesk

Jan. 29 (BusinessDesk) – Briscoe Group, which operates the Briscoes, Rebel Sports, and Living & Giving stores in New Zealand, may introduce a customer loyalty programme this year to stoke growth in online sales. Read more »

Fonterra drops forecast milk volumes by 3.3 percent

Article – BusinessDesk

Jan. 29 (BusinessDesk) – Fonterra Cooperative Group, the worlds largest dairy exporter, reduced its milk volume forecast for the 2014-2015 season by 3.3 per cent due to the impact of dry weather on production in recent weeks. Read more »

South Island Index heats up after winter decline

Press Release – Deloitte

The Deloitte South Island Index achieved strong growth during the last quarter of the calendar year, a welcome turnaround after experiencing two consecutive quarterly declines for the first time in five years last winter. Read more »

Briscoe lifts fourth quarter sales with aggressive discounts

Article – BusinessDesk

Jan. 29 (BusinessDesk) – Briscoe Group, which operates the Briscoes, Rebel Sports, and Living & Giving chains, said sales rose 2.9 percent to $167.4 million in its fourth quarter despite tough trading conditions that led to aggressive discounting. Read more »

Yeastie Boys raise $500k in 30 mins

Press Release – PledgeMe

28/01/2015 Yeastie Boys raise $500k in 30 mins Yeastie Boys cup runneth over with their equity crowdfunding campaign raising half a million dollars within 30 minutes, PledgeMe is pleased to announce. Read more »

NZ Super Fund returns 13.89% in 2014, warns that may wane

Article – BusinessDesk

Jan. 28 (BusinessDesk) – The New Zealand Superannuation Fund, the sovereign wealth fund set up to help smooth the cost of universal superannuation between todays taxpayers and future generations, returned 13.89 percent over 2014, ending the year … Read more »

MARKET CLOSE: NZ shares rise; Heartland gains on profit lift

Article – BusinessDesk

Jan. 28 (BusinessDesk) – New Zealand shares rose to a new record, led by Heartland New Zealand after the bank said it expected to post bigger earnings this year as it grows its asset base. Stocks with stable dividends also gained, including Spark … Read more »

Spark director Maury Leyland to resign next month

Article – BusinessDesk

Jan. 28 (BusinessDesk) – Spark New Zealand director Maury Leyland will resign from the telecommunications company’s board from the end of next month as she spends more time at her day-job as Fonterra Cooperative Group’s head of people, culture and strategy. Read more »

UPDATE: FMA, NZX sign MOU for market oversight

Article – BusinessDesk

Jan. 28 (BusinessDesk) – The Financial Markets Authority and NZX, the two regulators of New Zealands capital markets, have signed a memorandum of understanding that formalises how they work together to avoid duplication and ensures a no surprises … Read more »

UPDATE: Heartland shares jump to record on earnings upgrade

Article – BusinessDesk

Jan. 28 (BusinessDesk) – Heartland New Zealand shares jumped to a record after the bank formed from the merger of Marac Finance and the Southern Cross and Canterbury building societies said first-half profit would rise as much as 44 percent, reflecting … Read more »

FMA eyes VMob disclosures on share placement, global deal

Article – BusinessDesk

Jan. 28 (BusinessDesk) – The Financial Markets Authority is looking into disclosures this week by NZAX-listed VMob Group relating to a $2.17 million private share placement announced shortly after a global deal with fast food chain McDonalds. Read more »

Heartland raises 2015 profit forecast on asset growth

Article – BusinessDesk

Jan. 28 (BusinessDesk) – Heartland New Zealand, the bank formed from the merger of Marac Finance with Southern Cross and Canterbury building societies, raised its 2015 profit forecast on better-than-expected asset growth. Read more »

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