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 »

MARKET CLOSE: NZX 50 rises to record, led by Xero

Article – BusinessDesk

Oct. 22 (BusinessDesk) – New Zealand shares rose to a record close, led by Xero, as investors returned to more risk-based equities after last week’s volatility. Nuplex gained after selling two of its Australasian assets, while Fletcher Building touched … Read more »

Quattro IPO back on as it halves NZ property portfolio

Article – BusinessDesk

Quattro IPO back on as it halves NZ property portfolio, cuts capital raise by 28% Read more »

Vector warns on $80M hit from falling electricity use: CEO

Article – BusinessDesk

Oct. 22 (BusinessDesk) – Vector, the Auckland lines company, says falling electricity consumption will cost it up to $80 million because of the way it’s regulated, according to chief executive Simon Mackenzie. Read more »

James Pascoe increases stake in Warehouse to 6.3%

Article – BusinessDesk

Oct. 22 (BusinessDesk) – James Pascoe, the retail group owned by David and Anne Norman, has added to its holding in Warehouse Group by buying on market this week, taking advantage of shares trading near their lows for the year. Read more »

UPDATE: Nuplex shares rise 3.9% on sale of ANZ units

Article – BusinessDesk

UPDATE: Nuplex shares rise 3.9% on sale of ANZ units to CHAMP backed company Read more »

Xero eyes possible A$1 billion float in US, media reports

Article – BusinessDesk

Oct. 22 (BusinessDesk) – Xero, the cloud-based accounting software company, is moving ahead with plans to list in the US with an initial public offer of A$1 billion flagged, according to media reports. Read more »

Seeka sees annual profit growth of up to 11%

Article – BusinessDesk

Oct. 22 (BusinessDesk) – Seeka Kiwifruit Industries, the country’s biggest kiwifruit grower, sees annual profit growth of up to 11 percent and is planning to expand its capacity in coming years as kiwifruit crops recover from the outbreak of the Psa-V … Read more »

Nuplex agrees to sell ANZ units to Champ for A$127.5 mln

Article – BusinessDesk

Nuplex agrees to sell ANZ units to Champ-backed company for A$127.5 mln Read more »

Jimmy Koh, KVB Kunlun fined, censured for NZX rule breaches

Article – BusinessDesk

Jimmy Koh, KVB Kunlun fined $65,000, censured for NZX rule breaches over Z, other IPOs Read more »

Quantum of fees work to follow second MTF judgment

Article – BusinessDesk

Oct. 22 (BusinessDesk) – The second judgment in the antitrust regulator’s case against auto-lender Motor Trade Finance over its loan contracts has been released, and leaves more work for the financier and Commerce Commission to calculate the quantum of fees … Read more »

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