Archive for the 'Article' Category

Vodafone NZ sinks into the red for first time since 2000

Article – BusinessDesk

Vodafone NZ sinks into the red as finance, operating costs mount

By Paul McBeth

Oct. 2 (BusinessDesk) – Vodafone New Zealand, the country’s biggest mobile phone operator, reported its first annual loss since 2000 as related party finance costs from its TelstraClear acquisition and rising cost of sales weighed on the bottom line. Read more »

Vodafone NZ sinks into the red for first time since 2000

Article – BusinessDesk

Vodafone NZ sinks into the red as finance, operating costs mount

By Paul McBeth

Oct. 2 (BusinessDesk) – Vodafone New Zealand, the country’s biggest mobile phone operator, reported its first annual loss since 2000 as related party finance costs from its TelstraClear acquisition and rising cost of sales weighed on the bottom line. Read more »

Australia’s Quattro to list NZ property portfolio on ASX

Article – BusinessDesk

Australia’s Quattro looks to raise A$305 million listing NZ property portfolio on ASX

By Suze Metherell

Oct. 2 (BusinessDesk) – Quattro RE, an Australian asset management company, is looking to raise A$305 million by listing a New Zealand-centric property portfolio valued at A$431 million on the ASX, and signals further acquisitions may be on the cards. Read more »

UPDATE: Asking prices for NZ properties plateau nationwide

Article – BusinessDesk

UPDATE: Asking prices for NZ properties plateau nationwide, Trade Me survey says

(Recasts with added Jeffries comment from 3rd graph, fixes West Coast movement in 5th graph) Read more »

Asking prices for properties plateau nationwide, survey says

Article – BusinessDesk

Asking prices for NZ properties plateau nationwide, Trade Me survey says

By Fiona Rotherham

Oct. 2 (BusinessDesk) – There’s good news for house buyers in the new Trade Me Property Price Index launched today with the prices asked for properties nationwide remaining lacklustre for the fifth month in a row in September. Read more »

Vista Group International signs major Chinese supply deal

Article – BusinessDesk

Vista Group International signs major Chinese supply deal

By Paul McBeth

Oct. 2 (BusinessDesk) – Vista Group International, the cinema software and analytics company, has signed a supply agreement with an unidentified cinema chain in China, which will see its software installed across more than 200 sites in the world’s most populous nation. Read more »

NZ dollar drops after weak Australian retail sales

Article – BusinessDesk

NZ dollar drops as weak Australian retail sales sap demand for trans-Tasman currencies

By Suze Metherell

Oct. 1 (BusinessDesk) – The New Zealand dollar fell against the greenback as weak retail data in Australia sapped investors’ appetite for the trans-Tasman currencies, and as improving US data stokes demand for the world’s reserve currency. Read more »

Mega listing deadline given another extension

Article – BusinessDesk

Mega listing deadline given another extension

By Paul McBeth

Sept. 30 (BusinessDesk) – The proposed backdoor listing for file storage and encryption firm Mega has been given another deadline for regulators to go through documents outlining the offer to shareholders of TRS Investments, the proposed vehicle for the deal. Read more »

NZ dollar heads for 11% slump in Sept quarter

Article – BusinessDesk

NZ dollar heads for 11% slump in Sept quarter

By Paul McBeth

Sept. 30 (BusinessDesk) – The New Zealand dollar is heading for an 11 percent slump in the September quarter as global demand for the greenback has rallied on the prospect of rising US interest rates next year, and as the Reserve Bank of New Zealand confirmed it had been active in the currency market, having jawboned the kiwi since July. Read more »

Next Capital’s Vitaco the latest to settle MCN tax dispute

Article – BusinessDesk

Next Capital’s Vitaco the latest to settle convertible notes tax dispute

By Paul McBeth

Sept. Read more »

FMA warns New Zealanders to steer clear of General Equity

Article – BusinessDesk

FMA warns New Zealanders to steer clear of General Equity

By Suze Metherell

Sept. 30 (BusinessDesk) – The Financial Markets Authority has warned New Zealanders to exercise “extreme caution” when dealing with building society General Equity and has ordered the company to display the regulator’s warning on its website. Read more »

NZ building consents flatline in August

Article – BusinessDesk

NZ building consents flatline in August

By Suze Metherell

Sept. 30 (BusinessDesk) – New Zealand building consents held steady in August from a month earlier, underpinned by approvals for apartments and retirement village units. Read more »

Australia’s Quattro in talks to buy NZ properties

Article – BusinessDesk

Australia’s Quattro in talks to buy Precinct and Goodman properties

By Suze Metherell

Sept. 30 (BusinessDesk) – Quattro Asset Management, an Australian fund manager, is in negotiations to buy two Auckland industrial assets from Goodman Property Trust and two office towers in Wellington and Auckland from Precinct Properties New Zealand Read more »

Cancelled strike leaves oil companies holding emergency fuel

Article – BusinessDesk

Cancelled refinery strike leaves oil companies holding emergency fuel shipment

by Pattrick Smellie and Fiona Rotherham Read more »

Threat of refinery strike averted by further talks

Article – BusinessDesk

Threat of refinery strike averted by further facilitated talks

By Fiona Rotherham

Sept. 29 (BusinessDesk) – Threatened strike action at New Zealand Refining, the country’s only oil refinery, has been averted. Read more »

NZ dollar heads for 2.8% slide vs greenback

Article – BusinessDesk

NZ dollar heads for 2.8% slide vs greenback as Wheeler talks down kiwi, dairy payout cut

By Paul McBeth

Sept. Read more »

Pumpkin Patch turns to a loss in 2014, turnaround to come

Article – BusinessDesk

Pumpkin Patch turns to a loss in 2014, says benefits of changes will come in 2016

By Tina Morrison

Sept. 26 (BusinessDesk) – Pumpkin Patch, the second-worst performing stock on the NZX All Index the past 12 months, turned to a loss in 2014 and signalled earnings are unlikely to improve for another year. Read more »

Burger Fuel to bring franchise stores in-house

Article – BusinessDesk

Burger Fuel to bring franchise stores in-house

By Paul McBeth

Sept. 26 (BusinessDesk) – Burger Fuel Worldwide, the NZAX-listed fast food chain franchisor, plans to bring its franchise stores in-house which it expects will deliver greater profitability, and has bought the Henderson, Auckland store for an undisclosed sum. Read more »

Port of Taranaki profit jumps 57% as oil drives record sales

Article – BusinessDesk

Port of Taranaki profit jumps 57% after record revenue on offshore oil and gas exploration

By Suze Metherell

Sept. 26 (BusinessDesk) – Port of Taranaki lifted annual profit 57 percent after it reported record revenue servicing the offshore oil and gas exploration industry. Read more »

Pledge Me launches offers for computer museum, hovercraft

Article – BusinessDesk

Pledge Me launches equity offers for computer museum, hovercraft

By Suze Metherell

Sept. 26 (BusinessDesk) – Pledge Me, the online crowd funding platform, has launched its first two equity offers, giving investors the chance to buy into New Zealand’s first computer museum, backed by Apple Inc co-founder Steve Wozniak, and a hovercraft ferry in the South Island. Read more »

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