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LoginCORRECT: Abano achieves second year of 75% profit growth
Article – BusinessDesk
CORRECT: Abano achieves second year of 75% profit growth
(Corrects underlying profit, sales in second paragraph of story that first ran July 28) Read more »
Article – BusinessDesk
(Corrects underlying profit, sales in second paragraph of story that first ran July 28) Read more »
Article – BusinessDesk
July 28 (BusinessDesk) – Abano Healthcare, the medical investor fending off a hostile takeover from its biggest shareholder, posted a 75 percent jump in full-year profit, beating guidance and allowing it to maintain dividend payments for a sixth straight year. Read more »
Article – BusinessDesk
(Fixes number of listings in first graph, removes incorrect listing date of CRP and rights issues in third graph) Read more »
Article – BusinessDesk
By Paul McBeth
Jul. 25 (BusinessDesk) – The New Zealand dollar is heading for a 1.4 percent weekly fall against the greenback after Reserve Bank governor Graeme Wheeler talked down the local currency and signalled conditions were ripe for intervention. Read more »
Article – BusinessDesk
By Suze Metherell
July 25 (BusinessDesk) – A board of inquiry has given the go-ahead on the $760 million Puhoi-to-Warkworth highway. Read more »
Article – BusinessDesk
By Suze Metherell
July 25 (BusinessDesk) – Kiwibank has exited a five-year, $30 million lending relationship with Goodman Property Trust, New Zealand’s largest listed property investor with the remaining ‘big four’ banks to boost their funding to $150 million each. Read more »
Article – BusinessDesk
(Updates with price movements, company and investor comments) Read more »
Article – BusinessDesk
By Suze Metherell
July 25 (BusinessDesk) – The Commerce Commission has cleared the way for ASX-listed InvoCare’s Bledisloe New Zealand to buy the 70-year old Cremation Society of Canterbury adding two crematoriums to its New Zealand network. Read more »
Article – BusinessDesk
By Paul McBeth
Jul. 25 (BusinessDesk) – Auckland International Airport has sold US$250 million of bonds in the final tranche of a financing package to pay for its capital return to shareholders earlier this year at what it says is the lowest borrowing margin for a facility of its kind for a decade. Read more »
Article – BusinessDesk
By Paul McBeth
July 24 (BusinessDesk) – The New Zealand dollar dropped to a six-week low after Reserve Bank governor Graeme Wheeler explicitly invoked one of the criteria to intervene in currency markets in calling the kiwi’s strength “unjustified.” Read more »
Article – BusinessDesk
By Paul McBeth
Jul. 24 (BusinessDesk) – Moa Group, the unprofitable boutique beer maker, raised $500,000 from five institutional investors and plans to raise up to $5.25 million in a discounted rights issue to existing shareholders. Read more »
Article – BusinessDesk
July 24 (BusinessDesk) – The governing National Party will campaign for re-election for just four weeks before polling day, Sept 20. Read more »
Article – BusinessDesk
By Suze Metherell
July 24 (BusinessDesk) – Sealord Group has appointed former McCain Foods boss Steve Yung as its new chief executive, replacing Graham Stuart who is leaving after seven years in charge of New Zealand’s second-largest fishing company. Read more »
Article – BusinessDesk
By Paul McBeth
July 23 (BusinessDesk) – The New Zealand dollar extended its decline against its trans-Tasman counterpart after Australian government figures showed annual inflation accelerated to its fastest pace in four years, and ahead of the Reserve Bank of New Zealand’s interest rate review tomorrow. Read more »
Article – BusinessDesk
By Paul McBeth
July 23 (BusinessDesk) – Griffin’s Foods, the maker of Gingernuts and Eta brand snacks, plans to lift exports to more than 50 percent of sales within five years by leveraging new owner Universal Robina Corp’s links in southeast Asia, says incoming chief executive Alison Taylor. Read more »
Article – BusinessDesk
By Paul McBeth
July 23 (BusinessDesk) – Fonterra Cooperative Group, the world’s biggest dairy exporter, may lay off a third of its workers at the Canpac packing facility in Waikato, which it plans to focus on paediatric nutritional products. Read more »
Article – BusinessDesk
(Updates with share movement, broker comment) Read more »
Article – BusinessDesk
By Pattrick Smellie
July 22 (BusinessDesk) – Electricity and gas consumers will be about $33 million a year better off if a draft decision by the Commerce Commission Read more »
Article – BusinessDesk
By Suze Metherell
July 22 (BusinessDesk) – A2 Milk Co, which markets milk with a protein variant said to have health benefits, has won Chinese regulatory approval to export its a2 Platinum infant formula and says its milk processor Synlait Milk continues to wait for registration. Read more »
Article – BusinessDesk
By Tina Morrison
July 22 (BusinessDesk) – Moa Group, the unprofitable boutique beer maker, increased first quarter sales volumes 95 percent after moving to a more direct distribution structure in New Zealand, its largest market. Read more »
