Archive for the 'Article' Category

GeoOp CEO Graham steps down to take US role with company

Article – BusinessDesk

GeoOp CEO Graham steps down to take US executive role with company, shares drop

By Suze Metherell

Sept. 23 (BusinessDesk) – GeoOp chief executive Leanne Graham has resigned 11 months after the small business app developer listed on the New Zealand Alternative Index and will take a new role with the company leading its push into the US. The shares dropped 11 percent. Read more »

NZ Refining says proposed strike could cost $8-$9 mln

Article – BusinessDesk

NZ Refining says proposed strike in October could cost $8-$9M in fees

By Jonathan Underhill

Sept. 23 (BusinessDesk) – New Zealand Refining, the nation’s only oil refinery, said two unions representing 160 of its workers, or about half its workforce, have served notice of a two-day strike next month, a move that could result in $8 million to $9 million of lost processing fees. Read more »

NZ dollar gains on National Party election win

Article – BusinessDesk

NZ dollar gains on National Party election win

By Paul McBeth

Sept. 22 (BusinessDesk) – The New Zealand dollar gained after the incumbent National Party won a convincing election victory on the weekend, instilling confidence in the administration’s ability to continue pursuing its policy programme. Read more »

NZ power companies soar after National victory

Article – BusinessDesk

Meridian, power companies soar, lifting NZX 50 higher after National victory

By Paul McBeth

Sept. 22 (BusinessDesk) – Shares of electricity generators and retailers soared, lifting the benchmark NZX 50 Index, after the National Party’s convincing election victory on the weekend wiped out any regulatory fears for the power companies. Read more »

Pumpkin Patch overhauls board, chair Freeman retires

Article – BusinessDesk

Pumpkin Patch overhauls board, chair Freeman retires

By Suze Metherell

Sept. 22 (BusinessDesk) – Pumpkin Patch has continued to refresh its board, with chair Jane Freeman the latest to announce her departure, as the childrenswear chain tries to revive falling sales in a changing retail environment. Read more »

NZ dollar little changed on the week after Fed

Article – BusinessDesk

NZ dollar little changed on the week after Fed sparks big moves

By Paul McBeth

Sept. 19 (BusinessDesk) – The New Zealand dollar is heading for a 0.2 percent weekly decline against the greenback, after the prospect for higher US interest rates pushed the local currency to a seven-month low. Read more »

Queenstown Airport heading for record 2014

Article – BusinessDesk

Queenstown Airport has busiest ever winter, heading for record 2014

By Tina Morrison

Sept. Read more »

NZ consumer confidence edges up in Sept from 10-month low

Article – BusinessDesk

NZ consumer confidence edges up in September from a 10-month low

By Suze Metherell

Sept. 19 (BusinessDesk) – New Zealand consumer confidence rose in September from a 10-month low, as households adjust to a more moderate pace of economic growth. Read more »

Goodman to spend $33.4M on developments

Article – BusinessDesk

Goodman to spend $33.4M on developments, nets $16.37M on Chch property

By Suze Metherell

Sept. 19 (BusinessDesk) – Goodman Property Trust, which is selling assets to fund development, will spend $33.4 million on four developments and has sold the Carter Holt Harvey Packaging Facility in Christchurch for $16.37 million to an undisclosed buyer. Read more »

Council’s Lyttelton Port takeover goes unconditional

Article – BusinessDesk

Council’s Lyttelton Port takeover goes unconditional

By Paul McBeth

Sept. 19 (BusinessDesk) – Christchurch City Holdings, the city council’s investment and infrastructure unit, has declared its takeover of Lyttelton Port Co unconditional after satisfying the last of its requirements. Read more »

NZ dollar falls after Fed signals rates hikes are coming

Article – BusinessDesk

NZ dollar falls after Fed signals rates hikes are coming; Scottish, NZ votes loom

By Paul McBeth

Sept. Read more »

Trilogy flags return to profit in first half

Article – BusinessDesk

Trilogy flags return to profit in first half on Australian sales

By Suze Metherell

Sept. 18 (BusinessDesk) – Trilogy International, the skincare and scented candle company, expects to return to profit in the first half of its financial year as Australian sales pick up. Read more »

NZF flags reverse listing with unidentified business

Article – BusinessDesk

NZF flags reverse listing with unidentified business

By Suze Metherell

Sept. 18 (BusinessDesk) – NZF Group, the financial services company, has entered into a non-binding agreement with an unidentified business for a possible reverse listing, and expects to acquire it by the end of the month. Read more »

Poll shows Nats extending lead, Labour/Greens fading

Article – BusinessDesk

Roy Morgan poll shows Nats extending lead, Labour/Greens fading

By Pattrick Smellie

Sept. 17 (BusinessDesk) – The last Roy Morgan opinion poll before the general election on Saturday shows the National Party gaining ground in the first fortnight of September, Read more »

Duco Promotions taps Martin Snedden for new top job

Article – BusinessDesk

Duco Promotions taps Martin Snedden for new top job

By Suze Metherell

Sept. 17 (BusinessDesk) – Duco Promotions has appointed former head of New Zealand’s Rugby World Cup 2011 Martin Snedden as head of the sporting events company as it chases global growth. Read more »

Nutricia needs 18 months to recover from botulism scare: CEO

Article – BusinessDesk

Danone Nutricia needs 18 months to recover from botulism scare, CEO Tap says

By Fiona Rotherham

Sept. 17 (BusinessDesk) – Danone Nutricia chief executive Corine Tap said it would take the infant formula manufacturer 18 months to recover from the adverse effects of the Fonterra Cooperative Group botulism scare. Read more »

Ryman expands board as veteran director Clements departs

Article – BusinessDesk

Ryman expands board as veteran director Clements departs

By Paul McBeth

Sept. 17 (BusinessDesk) – Ryman Healthcare, the country’s biggest listed retirement village operator, is expanding its board with two new hires, as 15-year veteran director Andrew Clements departs. Read more »

RESEND: Restaurant Brands 2Q sales rise 5.8%

Article – BusinessDesk

RESEND: Restaurant Brands 2Q sales rise 5.8%, boosted by KFC promotions, Carl’s Jr expansion

By Tina Morrison

Sept. 17 (BusinessDesk) – Restaurant Brands New Zealand, the nation’s largest fast-food operator, increased second quarter revenue 5.8 percent as it benefited from increased sales at its largest KFC fried chicken chain and ramped up expansion at its newest Carl’s Jr burger chain. Read more »

Restaurant Brands 2Q sales rise, boosted by KFC, Carl’s Jr

Article – BusinessDesk

Restaurant Brands 2Q sales rise 5.8%, boosted by KFC promotions, Carl’s Jr expansion

By Tina Morrison

Sept. 17 (BusinessDesk) – Restaurant Brands New Zealand, the nation’s largest fast-food operator, increased second quarter revenue 5.8 percent as it benefited from increased sales at its largest KFC fried chicken chain and ramped up expansion at its newest Car’s Jr burger chain. Read more »

Snakk mulls employee shares in remuneration packages

Article – BusinessDesk

Snakk mulls employee shares in remuneration packages

By Fiona Rotherham

Sept. 17 (BusinessDesk) – NZAX-listed Snakk Media is considering offering employees shares in the company as part of their remuneration package. Read more »

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