Archive for the 'Article' Category

Auckland Airport’s duty free told to drop the hard sell

Article – BusinessDesk

Auckland Airport’s duty free retailers told to drop the hard sell

By Fiona Rotherham

Oct. 23 (BusinessDesk) – Auckland International Airport, the country’s main gateway, said it had talked to its two duty free retailers following what it called “over-zealous competition” at the airport. Read more »

Fonterra starts consultation on two new SI milk driers

Article – BusinessDesk

Fonterra starts consultation on two new South Island milk driers

By Fiona Rotherham

Oct. 23 (BusinessDesk) – Fonterra Co-operative Group, the world’s biggest dairy exporter, has begun a consultation process prior to lodging consent applications to build two new high-efficiency milk powder driers at its Studholme site in South Canterbury. Read more »

CarbonScape seeks $1.5M from crowd with ‘green coke’ offer

Article – BusinessDesk

CarbonScape seeks $1.5 mln from crowd with ‘green coke’ offer

By Suze Metherell

Oct. 23 (BusinessDesk) – CarbonScape, which makes “green” coking charcoal, wants to raise as much as $1.5 million from equity crowd funding to commercialise its product for the steel manufacturing market. Read more »

BNZ CEO Healy calls on business leaders to help improve NZ

Article – BusinessDesk

BNZ chief executive Healy calls on business leaders to help fix five key NZ challenges

By Fiona Rotherham

Oct. 23 (BusinessDesk) – Bank of New Zealand chief executive Anthony Healy has challenged other Kiwi business leaders to think what they can do to contribute to five key issues the country faces. Read more »

Auckland Airport confirms earnings guidance of $160-$170 mln

Article – BusinessDesk

Auckland Airport confirms earnings guidance of $160-$170 million

By Fiona Rotherham

Oct. 23 (BusinessDesk) – Auckland International Airport, the country’s main gateway, has confirmed it’s likely to deliver an underlying net profit of between $160 million and $170 million this financial year, in line with the guidance it gave in August. Read more »

NZ dollar drops after tepid inflation opens path lower

Article – BusinessDesk

NZ dollar drops after tepid inflation opens path lower

By Paul McBeth

Oct. 23 (BusinessDesk) – The New Zealand dollar fell about half a US cent after tepid local inflation pushed out the likely timeline for future interest rate hikes and cleared the way for a lower currency. Read more »

Restaurant Brands raises annual profit forecast; shares jump

Article – BusinessDesk

Restaurant Brands raises annual profit forecast; shares jump to a record

By Tina Morrison

Oct. 23 (BusinessDesk) – Restaurant Brands New Zealand, the nation’s largest fast food operator, raised its annual profit forecast as it benefits from lower input costs, higher sales and restructuring of stores. The shares rose to a record. Read more »

NZ 3Q inflation misses expecations; kiwi drops

Article – BusinessDesk

NZ inflation steady at 0.3% in third quarter, slower than expectations; kiwi drops

By Paul McBeth

Oct. 23 (BusinessDesk) – New Zealand inflation was steady in the third quarter of the year, slowing the annual pace of price increases, and raising the prospect of interest rates staying lower for longer after the data fell short of expectations. The New Zealand dollar fell. Read more »

NZ dollar gains after Australian inflation higher

Article – BusinessDesk

NZ dollar gains after Australian inflation higher than expected

By Paul McBeth

Oct. 22 (BusinessDesk) – The New Zealand dollar rose after Australian inflation was a little higher than expected in the third quarter, supporting demand for the Australian dollar and dragging the kiwi with it. Read more »

Quattro IPO back on as it halves NZ property portfolio

Article – BusinessDesk

Quattro IPO back on as it halves NZ property portfolio, cuts capital raise by 28%

By Suze Metherell

Oct. 22 (BusinessDesk) – Quattro Income REIT, an Australian asset management company, has resumed plans to list a New Zealand property portfolio, albeit a smaller number of properties, and has shaved nearly a third off the capital it wants to raise in a public offer on the ASX. Read more »

Vector warns on $80M hit from falling electricity use: CEO

Article – BusinessDesk

Vector warns on $80 mln hit from falling electricity consumption, CEO says

By Suze Metherell

Oct. 22 (BusinessDesk) – Vector, the Auckland lines company, says falling electricity consumption will cost it up to $80 million because of the way it’s regulated, according to chief executive Simon Mackenzie. Read more »

Orion private placements provide clue for IPO price

Article – BusinessDesk

Orion private placements provide clue for IPO price

By Fiona Rotherham

Oct. 22 (BusinessDesk) – Recent issues of Orion Health Group shares to private investors provide clues to the issue price in its upcoming initial public offer, Read more »

Fletcher drops to 2014 low as investors sell on guidance

Article – BusinessDesk

Fletcher shares drop to 2014 low as investors sell on guidance

By Suze Metherell

Oct. 22 (BusinessDesk) – Shares of Fletcher Building, New Zealand’s largest listed company, have fallen to their lowest level of the year after the building supplies and construction company’s earnings guidance disappointed investors. Read more »

James Pascoe increases stake in Warehouse to 6.3%

Article – BusinessDesk

James Pascoe increases stake in out-of-favour Warehouse to 6.3%

By Jonathan Underhill

Oct. 22 (BusinessDesk) – James Pascoe, the retail group owned by David and Anne Norman, has added to its holding in Warehouse Group by buying on market this week, taking advantage of shares trading near their lows for the year. Read more »

UPDATE: Nuplex shares rise 3.9% on sale of ANZ units

Article – BusinessDesk

UPDATE: Nuplex shares rise 3.9% on sale of ANZ units to CHAMP backed company

(Updates share price movement in lede, adds comment in third, fourth and fifth graph) Read more »

Nuplex agrees to sell ANZ units to Champ for A$127.5 mln

Article – BusinessDesk

Nuplex agrees to sell ANZ units to Champ-backed company for A$127.5 mln

By Suze Metherell

Oct. 22 (BusinessDesk) – Nuplex Industries, the specialty chemicals maker, agreed to sell two of its Australasian units to a company backed by Champ Private Equity for A$127.5 million, using the funds to repay debt and possibly make a capital return. Read more »

NZ dollar falls on speculation ECB will inject more stimulus

Article – BusinessDesk

NZ dollar falls amid speculation ECB will inject more stimulus

By Paul McBeth

Oct. 22 (BusinessDesk) – The New Zealand dollar fell after reports that the European Central Bank may consider taking more steps to stimulate the euro-zone economy, stoking demand for the greenback. Read more »

Hellaby expects to complete at least one acquisition in 2015

Article – BusinessDesk

Hellaby expects to complete at least one acquisition this year

By Suze Metherell

Oct. 21 (BusinessDesk) – Hellaby Holdings, the diversified investment company, expects to proceed with at least one acquisition this financial year as it looks to further broaden its portfolio. Read more »

Airwork sees annual profit growth of 48%

Article – BusinessDesk

Airwork sees annual profit growth of 48%

By Paul McBeth

Oct. 21 (BusinessDesk) – Airwork Holdings, the aviation service firm which listed on the stock exchange last December, expects to lift annual profit 48 percent in the current year, with first-half earnings tipped to beat its offer document forecast as its helicopter engineering unit is poised for more growth. Read more »

Fletcher Building ups earnings through trebling house builds

Article – BusinessDesk

Fletcher Building ups earnings through trebling house builds, trialling social housing

By Fiona Rotherham

Oct. 21 (BusinessDesk) – Fletcher Building, New Zealand’s biggest company, is forecasting an upturn in earnings as it moves to triple the pace of home building in New Zealand and pilots a social housing project with government in Christchurch. Read more »

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