Archive for the 'Article' Category

Auckland Airport infrastructure spend to go under microscope

Article – BusinessDesk

Auckland Airport infrastructure spend to come under microscope in ComCom review

By Paul McBeth

Oct. 20 (BusinessDesk) – The Commerce Commission will pay particular attention to Auckland International Airport’s planned $1.8 billion infrastructure spend in the regulator’s upcoming airport price review. Read more »

SkyCity runs ruler over Darwin after ‘tough year’

Article – BusinessDesk

SkyCity runs ruler over Darwin after ‘tough year’

By Tina Morrison

Oct. 20 (BusinessDesk) – SkyCity Entertainment Group has hinted it may seek an investment partner to help develop its underperforming Darwin business in Australia, and hasn’t ruled out a future sale of the asset. Read more »

Metlifecare buys waterfront land in Auckland’s Hobsonville

Article – BusinessDesk

Metlifecare buys waterfront land in Auckland’s Hobsonville for new $240M village

By Paul McBeth

Oct. 20 (BusinessDesk) – Metlifecare plans to spend $240 million developing a new retirement village in Auckland’s Hobsonville with the acquisition of waterfront land in the city’s northwestern suburb. Read more »

Trilogy CFO Render resigns to pursue other opportunities

Article – BusinessDesk

Trilogy CFO Render resigns to pursue other opportunities; recruitment process begins

By Tina Morrison

Oct. 20 (BusinessDesk) – Trilogy International said its chief financial officer and company secretary Lindsay Render has resigned from the scented candle and beauty products maker to pursue other opportunities. Read more »

ASX-listed Retail Food Group takes control of Gloria Jean

Article – BusinessDesk

ASX-listed Retail Food Group takes control of Gloria Jean’s NZ master franchise from failed owner

By Jonathan Underhill

Oct. Read more »

Port of Tauranga says FY profit to rise as much as 10%

Article – BusinessDesk

Port of Tauranga says FY profit to rise as much as 10% after ‘very strong’ first quarter

By Jonathan Underhill

Oct. 19 (BusinessDesk) – Port of Tauranga forecast 2018 profit will rise as much as 10 percent, saying it expects a strong pick-up in freight volumes in the first quarter to continue. Read more »

Fliway CEO Hawkseby optimistic of bouncing back

Article – BusinessDesk

Fliway CEO Hawkseby optimistic of bouncing back after ‘tough’ 2017, shares gain

By Paul McBeth

Oct. 19 (BusinessDesk) – Fliway Group chief executive Duncan Hawkesby expects the transport and logistics firm will bounce back from a “tough” 2017 with all three business lines operating better than a year earlier. Read more »

Restaurant Brands lifts first-half profit 41% on expansion

Article – BusinessDesk

Restaurant Brands lifts first-half profit 41% on overseas expansion

By Tina Morrison

Oct. 19 (BusinessDesk) – Restaurant Brands New Zealand lifted first-half profit 41 percent after the fast-food operator expanded its footprint through Australia and Hawaii. Read more »

Tourism Holdings mindful of global ructions

Article – BusinessDesk

Tourism Holdings mindful of global ructions on international travel, chair Campbell says

By Paul McBeth

Oct. 18 (BusinessDesk) – Tourism Holdings is better equipped to cope with major global events that may stifle international travel, such as last year’s Brexit vote and the election of US President Donald Trump, says chair Rob Campbell. Read more »

China’s Citic Capital builds 7.3% stake in Tourism Holdings

Article – BusinessDesk

China’s Citic Capital builds 7.3% stake in Tourism Holdings

By Paul McBeth

Oct. 18 (BusinessDesk) – Chinese investment manager Citic Capital, which oversees US$21 billion of assets, has built up a 7.3 percent stake in Tourism Holdings, making it the motorhome operator’s second-biggest shareholder. Read more »

Mercury NZ lifts earnings outlook

Article – BusinessDesk

Mercury NZ lifts earnings outlook as wet weather boosts North Island hydro generation

By Paul McBeth

Oct. 18 (BusinessDesk) – Mercury NZ, the electricity generator-retailer formerly known as MightyRiverPower, raised its annual earnings guidance as the spell of wet weather boosted generation at its North Island hydro plants. Read more »

UPDATE: housing-related costs push up inflation

Article – BusinessDesk

UPDATE: NZ housing-related costs push up third-quarter inflation more than expected

(Recasts lead and updates to add economists comments in paragraphs 4 and 5, comment from Insurance Council in paragraph 7 and updated NZD level in final graph) Read more »

New Zealand building costs expected to moderate from highs

Article – BusinessDesk

New Zealand building costs expected to moderate from highs

By Tina Morrison

Oct. 17 (BusinessDesk) – New Zealand building costs are expected to moderate given the low inflation environment, an inability to pass on rising costs, and as migrants help fill building skill shortages. Read more »

NZ third quarter inflation higher than expected

Article – BusinessDesk

NZ third quarter inflation higher than expected on housing-related costs

By Rebecca Howard

Oct. 17 (BusinessDesk) – New Zealand consumer prices were higher than expected in the third quarter as housing-related costs continued to increase. Read more »

Bank of China NZ undeterred after offering ‘premium’ return

Article – BusinessDesk

Bank of China NZ undeterred after offering ‘premium’ return in first NZD bond sale

By Jonathan Underhill

Oct. 16 (BusinessDesk) – Bank of China New Zealand raised $150 million in its first NZ dollar bond sale and says having to offer a higher return than similarly rated local corporates hasn’t put it off the local debt market. Read more »

Fonterra trims 2018 milk collection forecast on wet August

Article – BusinessDesk

Fonterra trims 2018 milk collection forecast on wet August, September

By Paul McBeth

Oct. 16 (BusinessDesk) – Fonterra Cooperative Group trimmed its milk collection outlook for the 2018 season after a wet August and September sapped production, especially in the North Island. Read more »

Metro Glass announces strategic review, reiterates guidance

Article – BusinessDesk

Metro Glass announces strategic review, reiterates guidance

By Rebecca Howard

Oct. 16 (BusinessDesk) – Metro Performance Glass will put its business under the microscope as the glass products maker’s management faces blowback from shareholders unhappy with their ability to grow earnings. Read more »

Argentina seeks to boost air connections to China through NZ

Article – BusinessDesk

Argentina seeks to boost air connections to China through NZ

By Pattrick Smellie

Oct. 13 (BusinessDesk) – Argentina’s new, reformist government is seeking to accelerate the growth of Asian tourism to South America via New Zealand and Australia in what its visiting deputy tourism minister, Ramiro Alem, describes as a “look south” strategy. Read more »

Fisher & Paykel Healthcare may appeal ruling on Resmed

Article – BusinessDesk

Fisher & Paykel Healthcare may appeal German ruling on Resmed

By Rebecca Howard

Oct. 13 (BusinessDesk) – Fisher & Paykel Healthcare is considering whether to appeal a ruling by the Regional Court in Munich that rival ResMed did not infringe its patents in the continuing intellectual property dispute for its face and nasal masks. Read more »

NPT sells its interest in Auckland high-rise to SkyCity

Article – BusinessDesk

NPT sells its interest in Auckland high-rise to SkyCity for $47 mln
Oct. 13 (BusinessDesk) – NPT, the listed property investor, has sold its interest in the AA Centre in central Auckland to SkyCity Entertainment Group for $47 million, as it looks to reposition the business after a board overhaul. Read more »

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