Archive for the 'Article' Category

Spark issues 10-year bond, paying 3.94%

Article – BusinessDesk

Wednesday 31 August 2016 03:25 PM

Spark issues 10-year bond, paying 3.94%

By Edwin Mitson

Aug. 31 (BusinessDesk) – Spark New Zealand is to raise $125 million in 10-year bonds, paying investors an interest rate of 3.94 percent. Read more »

Seeka acquires Vital Foods’ Kiwi Crush

Article – BusinessDesk

Wednesday 31 August 2016 10:51 AM

Seeka acquires Vital Foods’ Kiwi Crush, Crushies, plans food-tech centre in Bay of Plenty Read more »

Mad Butcher owner Veritas in talks with bank

Article – BusinessDesk

Tuesday 30 August 2016 04:19 PM

Mad Butcher owner Veritas in talks with bank to reschedule loan payments

By Edwin Mitson Read more »

NZ residential building consents slip 11% in July

Article – BusinessDesk

Tuesday 30 August 2016 11:29 AM

NZ residential building consents slip 11% in July, after spike in June

By Tina Morrison Read more »

Airways FY profit jumps 54% as NZ aviation booms

Article – BusinessDesk

Tuesday 30 August 2016 10:59 AM

Airways FY profit jumps 54% as NZ aviation booms

By Pattrick Smellie

Aug. 30 (BusinessDesk) – Airways New Zealand, the state-owned air traffic controller, posted a 54 percent increase in annual profit and more than doubled its dividend to the Crown as it benefits from increased flights. Read more »

GeoOp narrows full-year loss

Article – BusinessDesk

Tuesday 30 August 2016 09:21 AM

GeoOp narrows full-year loss, meets guidance for post-InterfaceIT revenue

By Jonathan Underhill Read more »

Wellington Drive posts half-year operating profit

Article – BusinessDesk

Wellington Drive posts half-year operating profit on soaring US sales

By Edwin Mitson

Aug. 29 (BusinessDesk) – Wellington Drive Technologies, the maker of energy efficient motors for commercial refrigerators, has seen revenues rise by 38% in the six months to the end of June on a year earlier, driven by demand in the United States and Canada ahead of the adoption of new regulatory standards next year. Read more »

Analysts revise down Air NZ share price and earnings targets

Article – BusinessDesk

Analysts revise down Air NZ share price and earnings targets

By Fiona Rotherham

Aug. 29 (BusinessDesk) – Analysts have revised their earnings expectations and valuations for Air New Zealand following a forecast profit drop in 2017, with Craigs Investment Partners analyst Matt Peek describing the 2016 financial year as a “nice take-off, bumpy landing”. Read more »

Veritas slumps into loss on Mad Butcher write-offs and Nosh

Article – BusinessDesk

Monday 29 August 2016 05:13 PM

Veritas slumps into loss on Mad Butcher write-offs and Nosh disappointment Read more »

Auckland Council debt rises 4.1% to $7.6 billion

Article – BusinessDesk

Monday 29 August 2016 03:47 PM

Auckland Council debt rises 4.1% to $7.6 billion on infrastructure spending

By Edwin Mitson Read more »

Auckland Airport major project costs rise

Article – BusinessDesk

Monday 29 August 2016 03:42 PM

Auckland Airport major project costs rise as construction, tourism boom ramp up

By Fiona Rotherham Read more »

Auckland Airport staff bonus as tourism boom lifts profit

Article – BusinessDesk

Monday 29 August 2016 11:03 AM

Auckland Airport pays staff $1,500 bonus as tourism boom lifts 2016 profit by 17.4% Read more »

King Salmon signals IPO that may raise about $30M

Article – BusinessDesk

Monday 29 August 2016 10:15 AM

King Salmon signals IPO that may raise about $30M to build more farms

By Pattrick Smellie Read more »

Intueri first-half profit drops 43%

Article – BusinessDesk

Monday 29 August 2016 10:11 AM

Intueri first-half profit drops 43% on year-earlier one-time gains; revenue climbs

By Jonathan Underhill Read more »

Airwork boosts full-year profit 58%

Article – BusinessDesk

Monday 29 August 2016 10:07 AM

Airwork boosts full-year profit 58% as expansion of fixed-wing fleet pays off

By Fiona Rotherham Read more »

KiwiRail posts $85.5M ‘above-rail’ FY earnings

Article – BusinessDesk

Friday 26 August 2016 04:07 PM

KiwiRail posts $85.5M ‘above-rail’ FY earnings, despite falling freight

By Pattrick Smellie Read more »

Air NZ shares edge up as earnings outlook hangs over profit

Article – BusinessDesk

Friday 26 August 2016 12:44 PM

Air NZ shares edge up as earnings outlook hangs over record 2016 result

By Fiona Rotherham Read more »

Delegat to pay bigger dividend

Article – BusinessDesk

Delegat to pay bigger dividend after posting record annual operating profit

By Paul McBeth

Aug. 26 (BusinessDesk) – Delegat Group will pay a bigger dividend to shareholders after reporting a record operating profit for the 2016 financial year, with North American sales driving revenue growth. Read more »

CBL first-half profit falls 19%

Article – BusinessDesk

CBL first-half profit falls 19% currency losses offset growth in premiums

By Paul McBeth

Aug. 26 (BusinessDesk) – CBL Corp posted an 18 percent fall in first-half profit as losses on foreign exchange movements offset improved earnings and growth in the credit surety and financial risk insurer’s gross written premiums. Read more »

Air NZ rides the tourism boom with record full-year earnings

Article – BusinessDesk

Air NZ rides the tourism boom with record full-year earnings

By Fiona Rotherham

Aug. 26 (BusinessDesk) – Air New Zealand has ridden the tourism boom and staved off increased competition to deliver the best full-year earnings in its 76-year history. Read more »

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