Archive for the 'Article' Category

Māori rights at stake from Kermadec ocean sanctuary

Article – BusinessDesk

Wednesday 29 March 2017 12:54 PM

Māori rights at stake from Kermadec ocean sanctuary, iwi leader says

By Sophie Boot

March 29 (BusinessDesk) – Jamie Tuuta, Te Ohu Kaimoana’s chairman, says iwi and Māori have “taken our eye off the ball” and the Kermadec Ocean Sanctuary Bill had made it abundantly clear that Māori rights are at stake. Read more »

Gentrack agrees to buy UK’s Junifer Systems for about $79M

Article – BusinessDesk

Wednesday 29 March 2017 09:15 AM

Gentrack agrees to buy UK’s Junifer Systems for about $79M, extending utility software reach Read more »

Malaysia makes order for 23 amphibious craft

Article – BusinessDesk

Wednesday 29 March 2017 09:47 AM

Future Mobility Solutions says Malaysia makes order for 23 amphibious craft

By Jonathan Underhill Read more »

Infratil sees flat earnings in 2018

Article – BusinessDesk

Wednesday 29 March 2017 09:29 AM

Infratil sees flat earnings in 2018, still hungry for investments

By Paul McBeth

March 29 (BusinessDesk) – Infratil is anticipating flat earnings in the 2018 financial year but is confident it can keep boosting returns to shareholders, and is still on the prowl for new acquisitions. Read more »

Turners sees annual earnings growth of up to 12%

Article – BusinessDesk

Tuesday 28 March 2017 05:56 PM

Turners sees annual earnings growth of up to 12%, eyes ASX listing

By Paul McBeth

March 28 (BusinessDesk) – Turners expects annual earnings to rise 12 percent as it reaps the benefit of buying motor insurer Autosure and setting up a securitisation funding model to cut costs. Read more »

Fulton Hogan lifts first-half pre-tax profit 13%

Article – BusinessDesk

Tuesday 28 March 2017 02:06 PM

Fulton Hogan lifts first-half pre-tax profit 13%, fattens order book

By Paul McBeth Read more »

NPT expects to wrap up Kiwi Property talks in coming days

Article – BusinessDesk

Monday 27 March 2017 03:11 PM

NPT expects to wrap up Kiwi Property talks in coming days

By Paul McBeth

March 27 (BusinessDesk) – Property investors NPT and Kiwi Property Group expect to wrap up talks for a tie-up in the “next few days” with a special meeting of NPT shareholders expected to vote on the deal in April. Read more »

GeoOp sounds out investor interest for ASX listing

Article – BusinessDesk

Monday 27 March 2017 10:52 AM

GeoOp sounds out investor interest for ASX listing

By Tina Morrison

March 27 (BusinessDesk) – GeoOp, the unprofitable management app developer, wants to delist from the New Zealand stock exchange’s alternative market for fledgling companies and migrate to the Australian stock exchange to improve the liquidity of its shares and provide access to more capital. Read more »

CBL to buy Affirmative for US$5.7M

Article – BusinessDesk

CBL to buy Affirmative for US$5.7M, gaining foothold in US insurance market

By Paul McBeth

March 24 (BusinessDesk) – CBL Corp wants to add US insurer Affirmative Direct Insurance Company in a US$5.7 million deal which would expand its global footprint to the world’s biggest economy. Read more »

PM English mounts case for free trade with $90 mln package

Article – BusinessDesk

Friday 24 March 2017 09:41 AM

PM English mounts case for free trade with $90 mln package

By Paul McBeth

March 24 (BusinessDesk) – Prime Minister Bill English wants to bring the public on board with a new trade strategy that will inject an extra $90 million to chase more deals and build on existing relationships. Read more »

Maori Party to back RMA reform

Press Release – BusinessDesk

Thursday 23 March 2017 03:08 PM

Maori Party to back RMA reform as United Future, Act offer alternative

By Paul McBeth

March 23 (BusinessDesk) – The Māori Party has headed off a rival bid by government support partners United Future and the Act Party, reaching a deal to support an overhaul of the Resource Management Act which includes a framework to protect iwi rights. Read more »

UPDATE: Spark says TeamTalk valuation ‘lacks credibility’

Article – BusinessDesk

Thursday 23 March 2017 12:13 PM

UPDATE: Spark says TeamTalk valuation ‘lacks credibility’; TeamTalk shares gain

(Recasts to reflect Spark comments, updated stock price, adds broker comment) Read more »

TeamTalk advises shareholders to reject takeover offer

Article – BusinessDesk

Thursday 23 March 2017 09:22 AM

TeamTalk advises shareholders to reject Spark’s ‘opportunistic’ takeover offer

By Tina Morrison Read more »

Fletcher names Kernahan new CEO of troubled unit

Article – BusinessDesk

Thursday 23 March 2017 09:17 AM

Fletcher names Kernahan new CEO of troubled construction unit; Graham Darlow to retire

By Jonathan Underhill Read more »

Former F&P Healthcare employee pleads guilty to corruption

Article – BusinessDesk

Wednesday 22 March 2017 03:30 PM

Former F&P Healthcare employee pleads guilty to corruption-related charges

By Rebecca Howard Read more »

Serko gets $2 million extension to Callaghan grant

Article – BusinessDesk

Wednesday 22 March 2017 01:46 PM

Serko gets $2 million extension to Callaghan grant

By Paul McBeth

March 22 (BusinessDesk) – Serko, the online travel booking firm looking to turn a profit next year, has been given an extension to its Callaghan Innovation grant to spend on research and development.  Read more »

Upside Biotechnologies raises $2.3 mln in funding round

Article – BusinessDesk

Wednesday 22 March 2017 01:43 PM

Upside Biotechnologies raises $2.3 mln in funding round

By Rebecca Howard

March 22 (BusinessDesk) – Upside Biotechnologies, a regenerative medicine start-up, said it has successfully raised $2.3 million in its Series A funding round. Read more »

Sky TV, Vodafone appeal blocked merger

Article – BusinessDesk

Wednesday 22 March 2017 10:39 AM

Sky TV, Vodafone appeal blocked merger

By Paul McBeth

March 22 (BusinessDesk) – Sky Network Television and Vodafone New Zealand will today lodge appeals against the Commerce Commission’s decision blocking their merger. Read more »

TruScreen raises $4.09M from institutions to fund growth

Article – BusinessDesk

Wednesday 22 March 2017 09:24 AM

TruScreen raises $4.09M from institutions to fund growth, plans retail share offer

By Tina Morrison Read more »

NZ shares rise as Fletcher lifts from slump

Article – BusinessDesk

Tuesday 21 March 2017 05:34 PM

MARKET CLOSE: NZ shares rise as Fletcher lifts from slump, A2 gains, Fonterra falls

By Jonathan Underhill Read more »

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