Hellaby expects to complete at least one acquisition in 2015

Article – BusinessDesk

Oct. 21 (BusinessDesk) – Hellaby Holdings, the diversified investment company, expects to proceed with at least one acquisition this financial year as it looks to further broaden its portfolio. Read more »

Fletcher Building ups earnings through trebling house builds

Article – BusinessDesk

Oct. 21 (BusinessDesk) – Fletcher Building, New Zealand’s biggest company, is forecasting an upturn in earnings as it moves to triple the pace of home building in New Zealand and pilots a social housing project with government in Christchurch. Read more »

Fletcher to triple pace of home building in NZ

Article – BusinessDesk

Fletcher aims to triple pace of home building in NZ as demand grows, Adamson says Read more »

Fletcher Building sees FY earnings $650M-$690M on 2H rebound

Article – BusinessDesk

Oct. 21 (BusinessDesk) – Fletcher Building, the biggest company on the NZX 50 Index, is forecasting a gain in full-year operating earnings of as much as 11 percent, driven by anticipated recovery in the second half. Read more »

Horizon’s Aquaheat to buy Hawkins Refrigeration

Article – BusinessDesk

Oct. 21 (BusinessDesk) – Aquaheat New Zealand, a unit of Horizon Energy Distribution, is to buy Christchurch-based Hawkins Refrigeration to expand its national reach, retaining existing owners and managers to run the business. Read more »

PGG Wrightson looks to beat operating earnings in 2015

Article – BusinessDesk

Oct. 21 (BusinessDesk) – PGG Wrightson, the rural services firm controlled by China’s Agria Corp, expects to shrug off falling dairy prices and beat its strongest earnings result in several years in 2015 after a strong first quarter. Read more »

UPDATE: Orion Health confirms $120 mln to $150 mln IPO

Article – BusinessDesk

Oct. 21 (BusinessDesk) – Orion Health Group, a global provider of healthcare software solutions, has confirmed it will raise between $120 million to $150 million in an initial public offer. Read more »

Orion Health confirms $120 million to $150 million IPO

Article – BusinessDesk

Oct. 21 (BusinessDesk) – Orion Health Group, a global provider of healthcare software solutions, has confirmed its long-heralded initial public offer in New Zealand and Australia. Read more »

NZ dollar gains on greenback weakness after IBM disappoints

Article – BusinessDesk

Oct. 21 (BusinessDesk) – The New Zealand dollar gained as the greenback declined on concern a nascent economic recovery in the US may be derailed should the Federal Reserve tighten policy too aggressively, after IBM earnings disappointed investors. Read more »

Companies still plan to list, despite volatility: AMP Capita

Article – BusinessDesk

Oct. 20 (BusinessDesk) – AMP Capital New Zealand, which manages more than $18 billion of assets, expects more companies to list on the local stockmarket before the year’s end, undeterred by the resurgence of global volatility as uneven economic growth … Read more »

NZ dollar gains as rally in stocks show sell-off overdone

Article – BusinessDesk

Oct. 20 (BusinessDesk) – The New Zealand dollar gained with equity markets across Asia on speculation investors who sent shares lower last week were too gloomy about the prospects for global growth. Read more »

BurgerFuel flags US entry, five more Australian outlets

Article – BusinessDesk

Oct. 20 (BusinessDesk) – BurgerFuel Worldwide, the NZAX-listed fast food chain franchisor, is opening five new Australian stores and expects to announce the timing of its US expansion soon. Read more »

Quattro RE puts NZ property portfolio float on hold

Article – BusinessDesk

Oct. 20 (BusinessDesk) – Quattro RE, an Australian asset management company, has paused its plans to list a New Zealand portfolio of six properties valued at A$431 million on the ASX blaming global stock market volatility. Read more »

Summerset says 1st homes in New Plymouth village ready soon

Article – BusinessDesk

Oct. 20 (BusinessDesk) – Summerset Group Holdings, New Zealand’s third-largest listed retirement village operator, said the first 14 homes in its $55 million New Plymouth retirement village will be completed next month, with residents expected to move … Read more »

MARKET CLOSE: NZ shares rise as yield hunters return

Article – BusinessDesk

Oct. 17 (BusinessDesk) – New Zealand shares rose, paced by Genesis Energy and Vector as investors hunted yield. SkyCity Entertainment Group led the benchmark higher, buoyed by a strong first quarter. Read more »

SkyCity wins bigger share of high rollers but wants more

Article – BusinessDesk

Oct. 17 (BusinessDesk) – SkyCity Entertainment Group wants to boost its share of the Australasian market for high-rollers from the current 5 to 8 percent to 15 percent, primarily through the redevelopment of its Adelaide Casino and stronger marketing … Read more »

Houghton-led Feltex shareholders appeal High Court ruling

Article – BusinessDesk

Oct. 17 (BusinessDesk) – Shareholders in the failed Feltex Carpets, led by Eric Houghton, have appealed the High Court decision which found the directors were not liable for alleged disclosure failings in the 2004 prospectus. Read more »

MARKET CLOSE: NZ shares fall in global sell-off

Article – BusinessDesk

Oct. 16 (BusinessDesk) – New Zealand shares fell, led by Xero, joining a worldwide sell-off as investors fretted over stalling global growth. Fletcher Building, Kathmandu Holdings declined as the local currency gained against its Australian counterpart. Read more »

Pushpay rejigs marketing structure

Article – BusinessDesk

Oct. 16 (BusinessDesk) – Pushpay Holdings, the mobile payment app developer, has dropped its centralised marketing strategy in favour of subsidiaries targeting their local markets. Read more »

Commerce Commission shelves Chorus investigation

Article – BusinessDesk

Oct. 16 (BusinessDesk) – The Commerce Commission has suspended an investigation into Chorus’s proposed Boost variant services after the telecommunications network operator put plans to constrain regulated services on hold. Read more »

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