Veritas completes acquisition of Better Bar Company group

Press Release – Veritas Investments

Veritas confirms that the transaction to acquire the business and assets of The Better Bar Company group of companies (BBC) has been completed and settled today (28 Nov.). Read more »

MARKET CLOSE: NZ shares fall as oil prices weigh on NZOG

Article – BusinessDesk

Nov. 28 (BusinessDesk) – New Zealand shares fell paced by New Zealand Oil & Gas as oil prices sank overnight while Air New Zealand gained on the prospect of continuing cheap jet fuel. Pacific Edge gained on its first-half earnings. Read more »

Mowbray widens 1H loss, considers future as listed company

Article – BusinessDesk

Nov. 28 (BusinessDesk) – Mowbray Collectables, the listed stamp and collectables dealer and auction house, widened its first-half loss as it records “the worst six months in the company’s history” and weighs its future as a listed company. … Read more »

Precinct to raise up to $75M in bond offer to repay banks

Article – BusinessDesk

Nov. 28 (BusinessDesk) – Precinct Properties New Zealand, which this week sold its SAP building in Auckland to property mogul Bob Jones for $97 million, plans to raise up to $75 million in a bond offer, which it will use to repay bank debt. Read more »

Pacific Edge says it’s on track after posting 1H loss

Article – BusinessDesk

Nov. 28 (BusinessDesk) – Pacific Edge, which makes and markets bladder cancer tests, said its first half loss was unchanged from the year earlier period as increased revenues were channelled into development and marketing of its products, in line … Read more »

VMob widens 1H loss as it chases international growtth

Article – BusinessDesk

Nov. 28 (BusinessDesk) – VMob Group, the NZAX-listed mobile voucher developer, widened its first half loss as it chased international scale and growth. Read more »

MARKET CLOSE: NZ shares fall paced by Warehouse

Article – BusinessDesk

MARKET CLOSE: NZ shares fall paced by Warehouse; Air NZ gains on tumbling oil prices Read more »

Opus trims executive structure in ‘competitive market’

Article – BusinessDesk

Nov. 27 (BusinessDesk) – Opus International Consultants, the listed engineering firm, has trimmed its executive team as it restructures its business “in an increasingly competitive market”. Read more »

Mowbray struggles to stay afloat as $1.28M write-down weighs

Article – BusinessDesk

Nov. 27 (BusinessDesk) – Mowbray Collectables, the listed stamp and collectables dealer and auction house, has flagged a first-half loss and is in discussion with bankers to stay solvent after a $1.28 million write down on its goodwill. Read more »

UPDATE: Gentrack faces long-term game to win over investors

Article – BusinessDesk

(Adds IPO cost detail in 2nd graph, clarifies shortfall to IPO forecast in 3rd graph) Read more »

Chatham Rock, hoping for ruling before Xmas, widens 1H loss

Article – BusinessDesk

Nov. 27 (BusinessDesk) – Chatham Rock Phosphate, the company proposing to mine phosphate nodules from the seabed on the Chatham Rise, reported a near-tripling of its first-half loss as it spent more on exploration, sought a listing on Londons AIM market and … Read more »

Trilogy turns to 1H profit as Ecoya posts positive earnings

Article – BusinessDesk

Nov. 27 (BusinessDesk) – Trilogy International, the skincare and scented candle company, turned to a profit in its first half as a boost in sales for its Ecoya range in Australia helped the unit reach profitability. The shares jumped to a two-month high. Read more »

Gentrack chairman says long-term game to win investors over

Article – BusinessDesk

Nov. 27 (BusinessDesk) – Gentrack Group chairman John Clifford said the software companys share price, still trading 35 cents below its listing price, will take care of itself once it starts delivering projected profits over time. Read more »

Energy Mad narrows 1H loss; shifts focus to LED bulbs

Article – BusinessDesk

Nov. 27 (BusinessDesk) – Energy Mad, the energy efficient lightbulb marketer, narrowed its first-half loss after a year earlier impairment washed through, though widened its operating loss on flat sales and as it shifts focus to LED lightbulbs. Read more »

Gentrack profit falls 49%, beating downgraded guidance

Article – BusinessDesk

Nov. 27 (BusinessDesk) – Gentrack Group, which develops utilities and airports software, reported a 49 percent drop in full-year profit, missing its initial public offer forecast, but beating the downgraded guidance it gave just five weeks after listing … Read more »

Tower annual profit drops 32% from 2013 asset sales

Article – BusinessDesk

Nov. 27 (BusinessDesk) – Tower, which sold its health, life, and investment units to focus on general insurance, reported a 32 percent drop in annual profit, while improving its underlying earnings in general insurance, and signalled plans for another … Read more »

MRP faced scaling up risk on several carbon credit contracts

Article – BusinessDesk

Nov. 27 (BusinessDesk) – A contractual dispute over carbon credits that MightyRiverPower is contesting in court is not the first time its faced a scaling up of the carbon credits it was required to take as part of its plan to offset carbon emissions from … Read more »

MARKET CLOSE:NZ shares rise paced by Pacific Edge; Orion up

Article – BusinessDesk

Nov. 26 (BusinessDesk) – New Zealand shares rose, paced by Pacific Edge after it announced a European patent for one of its cancer tests. Orion Health Group climbed in its NZX debut, as investors looked for growth stocks. Read more »

CORRECT: Retail electricity margins unsustainably high

Article – BusinessDesk

Nov. 26 (BusinessDesk) – Electricity companies’ margins on retail electricity tariffs are unsustainably high and will spur ongoing competition in the sector, to the detriment of companies like Genesis Energy, which is heavily skewed towards a residential customer … Read more »

Tourism Holdings lifts annual profit forecast, shares rise

Article – BusinessDesk

Nov. 26 (BusinessDesk) – Tourism Holdings, the biggest campervan rental company in Australia and New Zealand, said annual profit may rise as much as 44 percent on increased sales and lower costs. The shares rose to a six-year high. Read more »

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