Archive for the 'Article' Category

Private equity circles Hirepool, Australian media reports

Article – BusinessDesk

Monday 27 June 2016 03:50 PM

Private equity circles Hirepool, Australian media reports

By Paul McBeth

June 27 (BusinessDesk) – Hirepool Group, the country’s biggest equipment rental firm, has attracted private equity firms interested after testing the market for a buyer last month, Australian media has reported. Read more »

Fellet makes modest purchases of Sky TV shares

Article – BusinessDesk

Friday 24 June 2016 10:35 AM

Fellet makes modest purchases of Sky TV shares ahead of vote on Vodafone merger

By Jonathan Underhill Read more »

Error prevention and VR learning win HealthTech awards

Article – BusinessDesk

Thursday 23 June 2016 05:24 PM

Innovation for medication error prevention and virtual reality learning win HealthTech awards Read more »

SBS Bank lifts annual profit

Article – BusinessDesk

SBS Bank lifts annual profit as residential and consumer lending increases

By Sophie Boot

June 23 (BusinessDesk) – SBS Bank, New Zealand’s biggest building society, lifted annual profit 2.8 percent in 2016 as it worked to improve its presence in Auckland. Read more »

Govt grants should fund Kiwi tech pilots, founder says

Article – BusinessDesk

Govt grants should fund Kiwi tech pilots rather than hand out cash, start-up founder says

By Fiona Rotherham Read more »

O:Tu winemaker Marlborough Wine Estates to join NXT

Article – BusinessDesk

O:Tu winemaker Marlborough Wine Estates to join NXT

By Paul McBeth

June 23 (BusinessDesk) – Marlborough Wine Estates Group, the Chinese-owned maker of O:Tu and Music Bay wine brands, will join the NXT market next week in a compliance listing valuing it at $14.7 million. Read more »

Hellaby to buy TBS Group for $45M plus earnouts

Article – BusinessDesk

Hellaby to buy TBS Group for $45M plus earnouts after gaining related party waiver

By Edwin Mitson

June 23 (BusinessDesk) – Hellaby Holdings is to buy maintenance and engineering contractor TBS Group for $45 million plus $6 million of earn-outs in a deal that needed an NZX waiver because of links between TBS’s biggest shareholder and Hellaby managing director Alan Clarke Read more »

TEC seeks $1.47M refund from Intueri

Article – BusinessDesk

Thursday 23 June 2016 11:03 AM

TEC seeks $1.47M refund from Intueri after dive school probe finds courses under-delivered Read more »

Pumpkin Patch affirms earnings guidance as director quits

Article – BusinessDesk

Thursday 23 June 2016 10:37 AM

Pumpkin Patch affirms earnings guidance as director Josette Prince quits

By Sophie Boot

June 23 (BusinessDesk) – Pumpkin Patch director Josette Prince is the latest resignation from the ailing retailer’s boardroom, with the company using her abrupt departure to affirm earnings guidance. Read more »

CBL Corp to buy French insurance creator for 94 mln euro

Article – BusinessDesk

Thursday 23 June 2016 09:22 AM

CBL Corp to buy French insurance creator for 94 mln euro

By Paul McBeth

June 23 (BusinessDesk) – CBL Corp plans to buy France’s Securities and Financial Solutions Europe SA (SFS) for 94 million euros, taking over its biggest customer in a deal expected to lift the credit and financial risk insurer’s earnings. Read more »

Uber urges drivers to challenge NZTA illegality ruling

Article – BusinessDesk

Wednesday 22 June 2016 02:05 PM

Uber urges drivers to challenge NZTA illegality ruling in court

By Fiona Rotherham

June 22 (BusinessDesk) – Ridesharing service company Uber says it would encourage Kiwi drivers facing enforcement action from the New Zealand Transport Agency for flouting the driver endorsement rules to challenge that in court. Read more »

Former SPGI director Turnock sentenced to home detention

Article – BusinessDesk

Wednesday 22 June 2016 01:59 PM

Former SPGI director Turnock sentenced to home detention, community work

By Paul McBeth Read more »

NZ tourism, migration boom continues in May

Article – BusinessDesk

Wednesday 22 June 2016 11:29 AM

NZ tourism, migration boom continues in May

By Paul McBeth

June 22 (BusinessDesk) – New Zealand’s booming tourism and migration were extended in May as the economy’s two biggest support planks continued to set annual records. Read more »

Pushpay board seeks increased director remuneration

Article – BusinessDesk

Wednesday 22 June 2016 10:02 AM

Pushpay board seeks increased director remuneration, wants to hire US-based directors

By Sophie Boot Read more »

Spark mobile revenue to rise at least 7.9% in 2016

Article – BusinessDesk

Wednesday 22 June 2016 09:29 AM

Spark mobile revenue to rise at least 7.9% in 2016, claims top dog status

By Paul McBeth Read more »

Auckland looks long term to pay-per-km road pricing

Article – BusinessDesk

Tuesday 21 June 2016 05:24 PM

Auckland looks long term to pay-per-km pricing for congested roads

By Pattrick Smellie Read more »

Tegel beats sales, profit forecasts, affirms targets

Article – BusinessDesk

Tegel beats sales, profit forecasts, affirms targets for 2017

By Jonathan Underhill

June 21 (BusinessDesk) – Tegel Group Holdings, the poultry group taken public by private equity firm Affinity Equity Partners in April, reported annual sales and profit that beat its prospectus forecasts and said it was on track to achieve its targets for the current year. Read more »

Campaign for class action against Wynyard launched

Article – BusinessDesk

Campaign for class action against Wynyard launched

By Fiona Rotherham

June 20 (BusinessDesk) – Two fund managers are seeking support for a class action by shareholders of software company Wynyard Group to recover losses since the share price has plunged following a disappointing annual result and a heavily discounted rights issue to raise cash. Read more »

Rejection of R&D grant from CEO’s brother on merit

Article – BusinessDesk

Monday 20 June 2016 02:04 PM

Callaghan says rejection of R&D grant from CEO’s brother on merit, not conflict

By Fiona Rotherham Read more »

UPDATE: APN gets OIO approval for demerger plan

Article – BusinessDesk

Monday 20 June 2016 12:36 PM

UPDATE: APN gets OIO approval for demerger plan, remains in trading halt

By Sophie Boot

June 20 (BusinessDesk) – APN News & Media has received Overseas Investment Office approval for its plan to split out its NZME unit ahead of a potential merger with rival Fairfax Media’s New Zealand operations. Read more »

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