Archive for the 'Article' Category

UPDATE: Ryman posts 13% gain in 1H earnings, on track for FY

Article – BusinessDesk

UPDATE: Ryman posts 13% gain in 1H earnings, on track for FY target of 15% increase

(Adds comments from investor briefing starting in third paragraph, updates shares) Read more »

Fuel50 raises second investment round to take on US market

Article – BusinessDesk

Fuel50 raises second investment round to take on US market

By Fiona Rotherham

Nov. 21 (BusinessDesk) – Auckland-based software startup Fuel50 raised $1 million in a second angel investment round to fund its push in the US, where it was named as one of five best new technologies at an international human resources industry conference. Read more »

NZX signs MOU with freshly-licensed Bank of China

Article – BusinessDesk

NZX signs MOU with freshly-licensed Bank of China

By Suze Metherell

Nov. 21 (BusinessDesk) – NZX, New Zealand’s stock market operator, has signed a memorandum of understanding with the Bank of China to develop financial products, with a focus on the agricultural sector and capital markets. Read more »

NZ export log prices rise in November, China demand weak

Article – BusinessDesk

NZ export log prices edge up in November; Chinese demand remains weak

By Tina Morrison

Nov. 21 (BusinessDesk) – New Zealand export log prices edged up in November although demand from China, the country’s largest market, is likely to remain subdued until the second quarter of next year. Read more »

UPDATE: Metroglass confirms on track for full year

Article – BusinessDesk

UPDATE: Metroglass confirms on track for full year

(Updates with share price, investor comment)

By Suze Metherell Read more »

Warehouse affirms forecast for 2015 profit growth

Article – BusinessDesk

Warehouse affirms forecast for higher 2015 profit even amid softer trading

By Tina Morrison

Nov. 21 (BusinessDesk) – Warehouse Group, New Zealand’s largest listed retailer, affirmed its expectation for a rise in annual earnings even as sales lag behind forecast heading into the key Christmas trading period. Read more »

A2 Milk changes Chinese supply approach for infant formula

Article – BusinessDesk

A2 Milk changes Chinese supply approach for infant formula

By Suze Metherell

Nov. 21 (BusinessDesk) – A2 Milk Co has agreed to make China State Farm Holdings Shanghai the sole importer of its a2Platinum infant formula while the milk marketer will take over the distribution in Asia’s largest economy. Read more »

TRS posts small loss to remain listed

Article – BusinessDesk

TRS posts small loss to remain listed after pushing out Mega deal deadline

By Jonathan Underhill

Nov. 21 (BusinessDesk) – TRS Investments, which is in talks with file storage and encryption firm Mega to be the vehicle for a proposed backdoor listing, said its first-half loss about doubled to $25,000, which it attributed to increased share registry costs. Read more »

Ryman posts 13% gain in 1H earnings, on track for FY target

Article – BusinessDesk

Ryman Healthcare posts 13% gain in 1H earnings, on track for FY target of 15% increase

By Tina Morrison

Nov. 21 (BusinessDesk) – Ryman Healthcare, New Zealand’s largest listed retirement village builder and operator, posted a 13 percent gain in underlying first-half profit and signalled it’s on track to meet its target of a 15 percent increase in annual earnings. Read more »

Metroglass confirms on track for to meet full year targets

Article – BusinessDesk

Metroglass confirms on track for full year, as interim sales rise 13%

By Suze Metherell

Nov. 21 (BusinessDesk) – Metro Performance Glass, which has more than half of New Zealand’s glass processing market, said it’s on track to meet full-year prospectus forecasts after sales rose 13 percent in its first two months as a listed company. Read more »

NPT first-half operating earnings rise 14%

Article – BusinessDesk

NPT first-half operating earnings rise 14% on increased rental base

Nov. 20 (BusinessDesk) – NPT, the listed property investor, reported a 14 percent increase in first-half operating profit as rental income was swelled by new properties including Auckland shopping precinct The Roskill Centre. Read more »

F&P Healthcare stock at record on latest guidance upgrade

Article – BusinessDesk

Shares in F&P Healthcare rise to a record as market darling outperforms

By Tina Morrison

Nov. 20 (BusinessDesk) – Shares in Fisher & Paykel Healthcare rose to a record after the maker of breathing masks and humidifiers raised its profit forecast for the sixth time in two years, cementing its place as a market darling. Read more »

Serko widens 1H loss, boosts sales and staff

Article – BusinessDesk

Serko widens 1H loss, boosts sales and staff

By Suze Metherell

Nov. 20 (BusinessDesk) – Serko, the online travel booking business, widened its first-half loss in line with its May prospectus as it hired more staff to chase sales growth. Read more »

English flags ‘challenge’ to budget surplus

Article – BusinessDesk

English flags ‘challenge’ to budget surplus

By Jonathan Underhill

Finance Minister Bill English is warning next month’s half yearly fiscal and economic update from the Treasury may not forecast a budget surplus, saying that returning the government’s accounts to surplus in 2015 will be “a challenge”, given the decline in commodity prices and weak global inflation. Read more »

Sanford lifts profit despite “challenging year”

Article – BusinessDesk

Sanford lifts profit despite “challenging year”

By Suze Metherell

Nov. 19 (BusinessDesk) – Sanford, New Zealand’s largest listed fishing group, lifted annual profit 10 percent as gains in its deepwater fishing and aquaculture operations offset falling skipjack tuna prices. Read more »

AWF mulls $12M rights issue in early 2015 to reduce debt

Article – BusinessDesk

AWF mulls $12M rights issue in early 2015 to reduce debt, chairman says

By Tina Morrison

Nov. 19 (BusinessDesk) – AWF Group, the contract labour firm that last year took on debt to acquire white-collar recruiter Madison, will probably launch a $12 million rights offer next year to reduce its borrowings and put some money in the kitty for potential future acquisitions. Read more »

Moa 1H loss widens following restructuring, sales jump 71%

Article – BusinessDesk

Moa 1H loss widens following restructuring, sales jump 71%

By Tina Morrison

Nov. 19 (BusinessDesk) – Moa Group posted a wider first-half loss after the unprofitable boutique beer maker restructured its fledgling business and changed distribution and brewing arrangements to underpin future growth. Read more »

Vend boss Rowsell helps PledgeMe meet $100k target

Article – BusinessDesk

Vend boss Rowsell helps PledgeMe meet $100,000 crowd funding target

By Suze Metherell

Nov. 19 (BusinessDesk) – PledgeMe, the equity crowd funder, has raised $100,000 via its own equity crowd funding platform with help from Vend boss Vaughan Rowsell. Read more »

Argosy Property lifts first-half profit 25%

Article – BusinessDesk

Argosy Property lifts first-half profit 25% on occupancy boost, divestments

By Suze Metherell

Nov. 19 (BusinessDesk) – Argosy Property Fund, New Zealand’s fourth-largest listed property investor, lifted first-half earnings 25 percent as its occupancy rate increased and it continued to divest non-core assets. Read more »

A2 Milk to seek ASX listing, push into US market

Article – BusinessDesk

A2 Milk to seek ASX listing, push into US market, renew sales into China

By Fiona Rotherham

Nov. 18 (BusinessDesk) – A2 Milk Co is planning to list on the Australian stock exchange and launch into the US market next year, has changed its marketing push in the UK including gaining entry into Sainsbury and Wholefoods supermarkets, and is about to renew infant formula sales in China. Read more »

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