Serko widens 1H loss, boosts sales and staff

Article – BusinessDesk

Nov. 20 (BusinessDesk) – Serko, the online travel booking business, widened its first-half loss in line with its May prospectus as it hired more staff to chase sales growth. Read more »

MARKET CLOSE: NZ shares gain on hunt for yield

Article – BusinessDesk

Nov. 19 (BusinessDesk) – New Zealand shares rose, paced by Meridian Energy and MightyRiverPower, as investors chased stocks with relatively attractive yields. Fonterra Shareholders’ Fund gained after dairy prices fell. Read more »

Sanford Releases Annual Result for Year To 30 September 2014

Press Release – Sanford Limited

- Prudent foreign exchange management coupled with successful deepwater fishing and aquaculture performances assisted with the net profit result; profit for the year totalled $22.4m, 10.2% up from $20.4m last year. Read more »

AWF mulls $12M rights issue in early 2015 to reduce debt

Article – BusinessDesk

Nov. 19 (BusinessDesk) – AWF Group, the contract labour firm that last year took on debt to acquire white-collar recruiter Madison, will probably launch a $12 million rights offer next year to reduce its borrowings and put some money in the kitty for … Read more »

Moa 1H loss widens following restructuring, sales jump 71%

Article – BusinessDesk

Nov. 19 (BusinessDesk) – Moa Group posted a wider first-half loss after the unprofitable boutique beer maker restructured its fledgling business and changed distribution and brewing arrangements to underpin future growth. Read more »

Argosy Property lifts first-half profit 25%

Article – BusinessDesk

Nov. 19 (BusinessDesk) – Argosy Property Fund, New Zealand’s fourth-largest listed property investor, lifted first-half earnings 25 percent as its occupancy rate increased and it continued to divest non-core assets. Read more »

A2 Milk to seek ASX listing, push into US market

Article – BusinessDesk

Nov. 18 (BusinessDesk) – A2 Milk Co is planning to list on the Australian stock exchange and launch into the US market next year, has changed its marketing push in the UK including gaining entry into Sainsbury and Wholefoods supermarkets, and is about … Read more »

Pacific Brands sells unprofitable footwear, sports apparel

Article – BusinessDesk

Nov. 18 (BusinessDesk) – Pacific Brands, the Australian apparel and linen brands business, has split and sold Brands Collective, its unprofitable footwear and sporting apparel brands, recognising a A$30 million loss on the sale. Read more »

Fletcher appoints Ernst & Young as auditor, replacing KPMG

Article – BusinessDesk

Nov. 18 (BusinessDesk) – Fletcher Building, New Zealand’s largest listed company, has appointed Ernst & Young as its auditor, ending a 13-year relationship with KPMG. Read more »

Armillary, Crowdcube granted crowd funding licence by FMA

Article – BusinessDesk

Nov. 18 (BusinessDesk) – The Financial Markets Authority has licensed Armillary Capital’s equity crowd funding platform, Crowdcube, adding competition to the new capital raising scene. Read more »

AGM: Advancing strategic initiatives to drive revenue

Press Release – The a2 Milk Company

The a2 Milk Company (a2MC) is making a positive start to the 2015 financial year with strong growth in revenues in Australia, imminent launches of a2 Milk brand into the premium supermarket chains of J Sainsbury and Wholefoods in the UK and plans … Read more »

Financial expertise differentiator in crowdfunding platforms

Press Release – Armillary

Long-standing investment bank and asset manager Armillary Private Capital expects its crowdfunding arm, Crowdcube, to offer compelling opportunities for investors looking to add growth companies to their portfolio. Read more »

Arvida says its care beds will provide steady cash flows

Article – BusinessDesk

Nov. 18 (BusinessDesk) – Arvida, the retirement village operator planning to raise $80 million in an initial public offering, said its high proportion of care beds provides steady cash flows that will enable it to pay investors a healthy quarterly … Read more »

A2 Milk to list on ASX in 1Q 2015

Article – BusinessDesk

Nov. 18 (BusinessDesk) – A2 Milk Co, the milk marketing company, is planning to list on the Australian stock exchange next year, where it has 9 percent of the fresh milk market sold in grocery stores. Read more »

UPDATE: IkeGPS shares jump on Stanley Black & Decker deal

Article – BusinessDesk

Nov. 18 (BusinessDesk) – Shares of IkeGPS climbed 11 percent after the remote measuring device developer signed a manufacturing and distribution deal with Stanley Black & Decker which will help it meet its prospectus sales forecast. Read more »

IkeGPS signs distribution contract Stanley Black & Decker

Article – BusinessDesk

Nov. 18 (BusinessDesk) – IkeGPS, the remote measuring tool developer, has signed a deal with Stanley Black & Decker to manufacture and distribute its smart phone measuring tool, adding sales that will help the company meet its prospectus forecast. Read more »

Rest home operator Arvida to raise $80 million in IPO

Article – BusinessDesk

Nov. 17 (BusinessDesk) – Arvida, the retirement village operator formerly known as Hercules, has issued a prospectus for an initial public offer to raise $80 million for a planned mega merger of 17 privately-owned retirement homes. Read more »

MARKET CLOSE: NZ shares rise; Ryman, Summerset, Metlife up

Article – BusinessDesk

Nov. 17 (BusinessDesk) – New Zealand shares rose, paced by Ryman Healthcare, Summerset Group Holdings and Metlifecare, as investors returned to stocks which have come under selling pressure recently. Green Cross Health climbed to the highest in almost 10 … Read more »

Pacific Brands in talks to sell unprofitable footwear unit

Article – BusinessDesk

Nov. 17 (BusinessDesk) – Pacific Brands, the Australian clothing and linen company, is in talks with an undisclosed buyer to sell its unprofitable footwear and sporting goods business. Read more »

Mad Butcher opens 40th store

Press Release – Veritas Investments

Veritas Investments Limited (NZX:VIL) subsidiary Mad Butcher Limited has opened its 40th franchise store. Located in the Nelson suburb of Stoke, the store provides direct access to a local market of some 7,000 people and a wider population of around 46,000 … Read more »

« Previous PageNext Page »