Archive for the 'Article' Category

SkyCity deal to prepare ground for Adelaide expansion

Article – BusinessDesk

SkyCity deal to prepare ground for Adelaide expansion

By Edwin Mitson

May 26 (BusinessDesk) – SkyCity Entertainment Group, New Zealand’s only listed casino, has signed a deal with the South Australian government on preliminary works to prepare for the expansion of its Adelaide casino and the wider redevelopment of the site. Read more »

Macquarie agrees to sell

Article – BusinessDesk

Macquarie agrees to sell majority of NZ retail wealth management unit

By Tina Morrison

May 26 (BusinessDesk) – Macquarie Group, the Australian financial firm, agreed to sell the majority of its New Zealand retail wealth management business to local investment manager Warren Couillault and some of its employees, retaining a cornerstone shareholding. Read more »

BUDGET 2016: DHBs big winner in English’s spend up

Article – BusinessDesk

Thursday 26 May 2016 02:02 PM

BUDGET 2016: DHBs big winner in English’s spend up

By Paul McBeth

May 26 (BusinessDesk) – District Health Boards are the big winners in Finance Minister Bill English’s eighth budget, with $1.6 billion coming their way over the next four years after a prolonged period of belt-tightening. Read more »

BUDGET 2016: Households, migrants and tourists

Article – BusinessDesk

BUDGET 2016: Households, migrants and tourists to keep economy chugging

By Pattrick Smellie

May 26 (BusinessDesk) – Population growth, tourism, construction and low interest rates will underpin a robust economic outlook for the next four years, but the Budget forecasts show little change in growth rates from those forecast in the Budget a year ago. Read more »

BUDGET 2016: Population-driven GDP growth

Article – BusinessDesk

BUDGET 2016: Population-driven GDP growth helps English project rosier outlook, fatter surpluses

By Jonathan Underhill Read more »

Smartpay full-year profit slumps 86%

Article – BusinessDesk

Smartpay full-year profit slumps 86% after ending Australian taxi contract

By Edwin Mitson

May 26 (BusinessDesk) – Smartpay Holdings posted an 86 percent slump in annual profit after the payment terminal supplier lost a large Australian taxi contract just before the start of the financial year. Read more »

Sanford almost doubles first-half profit

Article – BusinessDesk

Sanford almost doubles first-half profit; shares rise to month high

By Tina Morrison

May 26 (BusinessDesk) – Sanford, the country’s largest listed fishing group, almost doubled its first-half profit as it focused on lifting values over volumes and benefited from lower fuel costs and a weaker New Zealand dollar. Read more »

King Country Energy attacks grid charge overhaul

Article – BusinessDesk

Thursday 26 May 2016 12:00 PM

King Country Energy attacks grid charge overhaul, warns prices will rise

By Edwin Mitson

May 26 (BusinessDesk) – King Country Energy, the central North Island power generator and retailer, has warned the Electricity Authority’s planned overhaul of grid charges would both increase prices for its customers and leave it with little incentive to invest. Read more »

Sanford almost doubles first-half profit

Article – BusinessDesk

Sanford almost doubles first-half profit; shares rise to month high

By Tina Morrison

May 26 (BusinessDesk) – Sanford, the country’s largest listed fishing group, almost doubled its first-half profit as it focused on lifting values over volumes and benefited from lower fuel costs and a weaker New Zealand dollar. Read more »

Eroad posts $1.3 million annual loss, foresees 2017 growth

Press Release – BusinessDesk

Eroad posts $1.3 million annual loss, foresees 2017 growth

By Sophie Boot

May 26 (BusinessDesk) – Eroad, the logistics and fleet management company, posted an annual loss within its earlier guidance which it said was the result of more investment and US customer uncertainty. Read more »

UPDATE: Fonterra’s 2017 opening forecast below expectations

Article – BusinessDesk

UPDATE: Fonterra’s 2017 opening forecast below expectations; kiwi falls

(Adds New Zealand dollar reaction, economist comment.) Read more »

Trilogy buys 25% of rosehip producer

Article – BusinessDesk

Trilogy buys 25% of rosehip producer in Chile for US$6 mln in cash, shares

By Jonathan Underhill

May 26 (BusinessDesk) – Trilogy International, Read more »

Gentrack lifts first-half profit 23% as UK sales jump

Article – BusinessDesk

Gentrack lifts first-half profit 23% as UK sales jump

By Paul McBeth

May 26 (BusinessDesk) – Gentrack Group lifted first-half profit 23 percent as sales from its UK division jumped with the signing of new customers and the software developer says annual revenue will climb at a faster pace than previously signalled. Read more »

Mainfreight FY profit rises 6.3%

Article – BusinessDesk

Mainfreight FY profit rises 6.3%; NZ offsets weaker US, Australian trading

By Jonathan Underhill

May 26 (BusinessDesk) – Mainfreight, the transport and logistics group, reported a 6.3 percent gain in full-year profit as improved trading in New Zealand, Asia and Europe was offset by weaker results in Australia and the Americas. Read more »

Metro Glass posts $20.5M maiden profit

Article – BusinessDesk

Metro Glass posts $20.5M maiden profit, meeting guidance, on construction pickup

By Sophie Boot

May 26 (BusinessDesk) – Metro Performance Glass posted a maiden full-year profit as a listed company that met guidance as the country’s largest glass processor benefited from increased construction activity while coping with what it called supply and execution issues. Read more »

Argosy lifts annual earnings 5%

Article – BusinessDesk

Argosy lifts annual earnings 5% as portfolio shift drives up rental income

By Paul McBeth

May 26 (BusinessDesk) – Argosy Property, the country’s fourth-biggest listed property investor by market value, lifted distributable earnings 5 percent as a shift in the company’s portfolio helped lift rental income. Read more »

Fonterra’s 2017 opening forecast below expectations

Article – BusinessDesk

Fonterra’s 2017 opening forecast below expectations at $4.25/kgMS

By Paul McBeth

May 26 (BusinessDesk) – Fonterra Cooperative Group’s first forecast for the 2016/17 farmgate milk price has come in below expectations at $4.25 per kilogram of milk solids and the world’s biggest dairy exporter will keep using its balance sheet to prop up its farmer shareholders. Read more »

Transpower contemplates rise of storage capacity

Article – BusinessDesk

Wednesday 25 May 2016 04:59 PM

Transpower contemplates rise of storage capacity in long-term view of NZ power usage Read more »

Woosh Wireless goes into voluntary administration

Article – BusinessDesk

Wednesday 25 May 2016 04:40 PM

$100 million later, Woosh Wireless goes into voluntary adminstration

By Edwin Mitson Read more »

Bank of China NZ unit funds Chinese-NZ mission

Article – BusinessDesk

Bank of China NZ unit funds Chinese-NZ mission to boost trade

By Tina Morrison

May 25 (BusinessDesk) – Bank of China, one of the country’s biggest lenders, funded 55 of its Chinese company clients to meet with 120 Kiwi agricultural businesses in a bid to grow trade and help meet its goal of becoming the largest Chinese bank in New Zealand. Read more »

Next Page »