Archive for the 'Article' Category

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 »

Fletcher to triple pace of home building in NZ

Article – BusinessDesk

Fletcher aims to triple pace of home building in NZ as demand grows, Adamson says

By Fiona Rotherham

Oct. 21 (BusinessDesk) – Fletcher Building wants to triple the pace of home building in New Zealand to capitalise on strong demand for housing, particularly in Auckland and Christchurch, the construction and building materials company told shareholders at their annual meeting. Read more »

Fletcher Building sees FY earnings $650M-$690M on 2H rebound

Article – BusinessDesk

Fletcher Building sees FY earnings $650M-$690M on second-half rebound

Oct. 21 (BusinessDesk) – Fletcher Building, the biggest company on the NZX 50 Index, is forecasting a gain in full-year operating earnings of as much as 11 percent, driven by anticipated recovery in the second half. Read more »

Fonterra nominates Shadbolt for shareholders’ fund manager

Article – BusinessDesk

Fonterra nominates Nicola Shadbolt for shareholders’ fund manager

By Paul McBeth

Oct. 20 (BusinessDesk) – Fonterra Cooperative Group, the world’s biggest dairy exporter, will appoint Nicola Shadbolt to sit on the board of the Fonterra Shareholders’ Fund manager to replace the retiring Jim van der Poel at next month’s annual meeting. Read more »

BurgerFuel flags US entry, five more Australian outlets

Article – BusinessDesk

BurgerFuel flags US entry, five more Australian outlets

By Suze Metherell

Oct. 20 (BusinessDesk) – BurgerFuel Worldwide, the NZAX-listed fast food chain franchisor, is opening five new Australian stores and expects to announce the timing of its US expansion soon. Read more »

Joyce to focus on R&D spending, skilled workers, exports

Article – BusinessDesk

Joyce says lifting R&D spend, skilled workers, exports are key focus this term

By Fiona Rotherham

Oct. 20 (BusinessDesk) – Economic Development Minister Steven Joyce says his top priorities for the next three years are to lift private sector spending on research and development, alleviate a shortage of engineers and ICT workers, and keep New Zealand on track to boost exports as a percentage of the economy. Read more »

Quattro RE puts NZ property portfolio float on hold

Article – BusinessDesk

Quattro RE puts A$431 million NZ property portfolio float plans on hold

By Suze Metherell

Oct. 20 (BusinessDesk) – Quattro RE, an Australian asset management company, has paused its plans to list a New Zealand portfolio of six properties valued at A$431 million on the ASX blaming global stock market volatility. Read more »

NZ dollar heads for 1.5% weekly gain

Article – BusinessDesk

NZ dollar heads for 1.5% weekly gain as Fed keeps market guessing

By Paul McBeth

Oct. 17 (BusinessDesk) – The New Zealand dollar is heading for a 1.5 percent weekly gain against the greenback as investors pare back their bets on an early rate hike by the Federal Reserve after some weak US data earlier this week and conflicting messages from central bank officials yesterday. Read more »

SkyCity wins bigger share of high rollers but wants more

Article – BusinessDesk

SkyCity wins bigger share of high rollers but wants more

By Fiona Rotherham

Oct. 17 (BusinessDesk) – SkyCity Entertainment Group wants to boost its share of the Australasian market for high-rollers from the current 5 to 8 percent to 15 percent, primarily through the redevelopment of its Adelaide Casino and stronger marketing in South East Asia. Read more »

Exit goal alignment crucial in angel investing, expert says

Article – BusinessDesk

Exit goal alignment crucial in angel investing, visiting US expert says

By Fiona Rotherham

Oct. Read more »

NZ dollar gains as weak US data trims bets on Fed rate hikes

Article – BusinessDesk

NZ dollar gains as weak US data trims bets on Fed rate hikes

By Paul McBeth

Oct. 16 (BusinessDesk) – The New Zealand dollar gained as weaker than expected US economic data caused traders to trim their bets on how early the US Federal Reserve will start hiking interest rates. Read more »

Fletcher to close its Christchurch insulation plant, 29 jobs

Article – BusinessDesk

Fletcher to close its Christchurch insulation plant, 29 jobs lost

By Suze Metherell

Oct. 16 (BusinessDesk) – Fletcher Building, New Zealand’s largest listed company, will close its Christchurch insulation factory, as it consolidates its Tasman Insulations operations in a “highly competitive market”. Read more »

NZ building construction costs set to accelerate, NZIER says

Article – BusinessDesk

NZ building construction costs set to accelerate, NZIER says

By Tina Morrison

Oct. 16 (BusinessDesk) – New Zealand building costs are expected to accelerate at the fastest pace since the last construction boom in the mid-2000s, driven by demand from expansion in Auckland and the rebuilding of earthquake devastated Christchurch. Read more »

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