Heartland wary of global market volatility

Article – BusinessDesk

Nov. 21 (BusinessDesk) – Heartland Bank is sticking to existing forecasts for annual profit to rise as much as 13 percent as credit growth and improving asset quality bolster the lender’s books, but is watchful of increasingly volatile global financial … Read more »

Arvida’s 1H net profit dips on lower portfolio valuation

Article – BusinessDesk

Nov. 21 (BusinessDesk) – Arvida Group, the retirement village company that listed in 2014, reported a decline in first-half profit on lower valuation gains and higher employee costs after a pay equity deal. Read more »

Kiwi Investor Confidence Softens

Press Release – ASB Bank

The quarterly report reveals net investor confidence (the difference between those who feel their return on investment will get better in the year ahead, and those who feel it will get worse) has fallen to +19% net positive in the three months to … Read more »

Kiwi Property first-half profit rises 5% on rental income

Article – BusinessDesk

Nov. 20 (BusinessDesk) – Kiwi Property Group lifted first-half profit 5 percent as the country’s biggest listed property investor’s rental portfolio benefited from new tenants coming on stream, even as the value of its portfolio was flat. Read more »

Blis reports 1H net loss as revenues tumble

Article – BusinessDesk

Nov. 20 (BusinessDesk) – Blis Technologies reported a net loss in the first half as trading revenue tumbled, in particular in its North American market, but is optimistic of an improvement in the second half as sales normalise. Read more »

Evolve says 1H profit drop expected, maintains 2018 forecast

Article – BusinessDesk

Nov. 20 (BusinessDesk) – Evolve Education said first-half profit more than halved as occupancy rates dropped and it took a $3 million GST impairment. The early childhood education centre operator maintained its forecasts for the full year. Read more »

Sharesies to look at robo-advice once regulator rules

Article – BusinessDesk

Nov. 17 (BusinessDesk) – Start-up fund distribution platform Sharesies will develop a plan to provide personalised, automated financial advice, known as robo-advice, once there is more clarity about regulatory exemptions. Read more »

Xero Chief Boosts Stock Liquidity with $94.5M Share Sale

Press Release – BusinessDesk

Xero Chief Drury Boosts Stock Liquidity with $94.5M Share Sale as Exchange Switch Beckons Read more »

UPDATE: Pushpay plans for US listing, capital raising

Article – BusinessDesk

(Updates withdetail ofUS stock exchange plans in paras 1 and 4, updates share price) Read more »

Exemption for personalised digital (robo) advice

Press Release – Russel McVeagh

Following the FMA’s release of its second consultation paper on personalised robo-advice (now called digital advice), the leading law firm has published its tips for providers looking to develop digital advice platforms. Read more »

Sanford Net Profit Up, Value and Innovation Strategy Beds In

Press Release – Sanford Limited

Focus on Innovation: New Zealands largest seafood company Sanford is focused on innovations such as growing the nutraceutical market for New Zealands premium GreenshellTM mussels. Read more »

Plexure Group narrows its 1H net loss on higher revenue

Article – BusinessDesk

Nov. 14 (BusinessDesk) – Plexure Group, the mobile voucher firm formerly called VMob, reported a narrower net loss in the first half as it lifted revenue and continued to streamline the business. The result was ahead of guidance. Read more »

Tower trading halt before capital raise, earnings loom

Article – BusinessDesk

Nov. 13 (BusinessDesk) – Tower shares have been halted ahead of tomorrow’s annual earnings announcement, where the general insurer will unveil details to raise new capital. Read more »

KCE announces interim result

Press Release – King Country Energy

Taumarunui, New Zealand – King Country Energy (KCE) today announced its interim result for the six months ended 30 September 2017. Read more »

SkyCity remains on track for ‘modest growth’

Article – BusinessDesk

Nov. 13 (BusinessDesk) – SkyCity Entertainment Group said revenue in the first four months of the financial year lifted 1.7 percent and it remains on track for “modest growth” in full-year earnings. Read more »

Canada’s WSP crosses 90% threshold

Article – BusinessDesk

Nov. 10 (BusinessDesk) – WSP Global Inc, a Canadian listed consultancy firm, has crossed the 90 percent threshold needed to enforce mop-up provisions in its takeover bid for local engineering firm Opus International Consultants, meaning it just needs … Read more »

Living Cell Technologies trading halt for Parkinson’s Trial

Article – BusinessDesk

ASX-listed Kiwi biotech firm Living Cell Technologies is in a trading halt until tomorrow when it expects to announce the results of a clinical trial testing its treatment for Parkinson’s disease. Read more »

Westland Milk claims to be poster-child for green dairy

Article – BusinessDesk

Westland Milk makes case to be NZ poster-child for clean, green dairy, eyes other ingredients Read more »

Xero, NZX shares fall

Article – BusinessDesk

Nov. 9 (BusinessDesk) – Shares of Xero and NZX fell after the cloud-based accounting software firm said it would delist from the local stock market in favour of an ASX listing to broaden its pool of investors and analysts. Read more »

Precinct considers bond offer, lifts first-quarter dividend

Article – BusinessDesk

Precinct Properties New Zealand is considering a seven-year bond offer to repay bank debt. The listed commercial property investor says it is considering making an offer of secured, unsubordinated, fixed-rate seven-year bonds to institutional and New … Read more »

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