Archive for the 'Article' Category

Cimic expects $82 mln of revenue from Tauranga’s SH2 upgrade

Article – BusinessDesk

Tuesday 16 May 2017 11:41 AM

ASX-listed Cimic expects $82 mln of revenue from Tauranga’s SH2 upgrade

By Paul McBeth

May 16 (BusinessDesk) – ASX-listed Cimic Group subsidiary CPB Contractors will generate $82 million of revenue from the design and build of the State Highway 2 Baypark-to-Bayfair link upgrade in Tauranga. Read more »

NZ first quarter retail sales rise, driven by car sales

Article – BusinessDesk

Monday 15 May 2017 11:21 AM

NZ first quarter retail sales rise, driven by car sales

By Rebecca Howard

May 15 (BusinessDesk) – New Zealand retail sales rose in the first quarter, powered higher by a surge in car sales. Read more »

Labour to ‘ring-fence’ property investor losses

Article – BusinessDesk

Monday 15 May 2017 06:44 AM

Labour to ‘ring-fence’ property investor losses to close tax loophole

By Pattrick Smellie

May 15 (BusinessDesk) – Property investors will no longer be able to offset income in other areas against losses declared on residential Read more »

Goodman Property JV to buy central Auckland office building

Article – BusinessDesk

Goodman Property JV to buy central Auckland office building for $62M

By Rebecca Howard

May 12 (BusinessDesk) – Goodman Property Trust’s joint venture with Singapore government-owned GIC has agreed to buy Bayleys House, a recently completed office building in central Auckland, for $62 million, Goodman Ltd, the trust’s manager, said. Read more »

NZ manufacturing activity dips in April

Article – BusinessDesk

Friday 12 May 2017 10:53 AM

NZ manufacturing activity dips in April

By Rebecca Howard

May 12 (BusinessDesk) – New Zealand’s manufacturing activity eased in April but remains in expansionary territory. Read more »

NZ median house price eases in April, number of sales tumble

Article – BusinessDesk

Friday 12 May 2017 09:59 AM

NZ median house price eases in April, number of sales tumble

By Rebecca Howard Read more »

Warehouse posts 1.7% gain in third-quarter sales

Article – BusinessDesk

Friday 12 May 2017 09:37 AM

Warehouse posts 1.7% gain in third-quarter sales, retains annual profit forecast

By Tina Morrison Read more »

AFT’s Maxigesic tablet sales more than triple in 2017

Article – BusinessDesk

Friday 12 May 2017 08:59 AM

AFT’s Maxigesic tablet sales more than triple in 2017

By Paul McBeth

May 12 (BusinessDesk) – AFT Pharmaceuticals more than tripled sales of its flagship Maxigesic tablet in the 2017 financial year and anticipates more growth as it taps new markets. Read more »

Wellington Airport FY profit rises 29%

Article – BusinessDesk

Wellington Airport FY profit rises 29% on passenger, aeronautical income growth

By Jonathan Underhill

May 11 (BusinessDesk) – Wellington International Airport, the Infratil-controlled capital city gateway, posted a 29 percent gain in full-year profit on growth in aeronautical and passenger services income. Read more »

Z Energy triples annual profit after Chevron acquisition

Article – BusinessDesk

Thursday 11 May 2017 09:54 AM

Z Energy triples annual profit after Chevron acquisition

By Tina Morrison

May 11 (BusinessDesk) – Z Energy, the New Zealand listed service station chain, more than tripled its annual profit after acquiring Chevron New Zealand’s Caltex and Challenge! brands. Read more »

Delegat grape harvest growth slows

Article – BusinessDesk

Delegat grape harvest growth slows, still has enough stock to meet projected sales

By Paul McBeth

May 10 (BusinessDesk) – Delegat Group recorded a small gain in its Australian and New Zealand grape harvest but has enough stock on hand to meet its projected sales targets for the coming year. Read more »

NZ tech sector attracts record offshore investment

Article – BusinessDesk

Wednesday 10 May 2017 08:34 AM

NZ tech sector attracts record offshore investment in year to March

By Rebecca Howard

May 9 (BusinessDesk) – New Zealand’s technology sector saw record growth in funding, driven by overseas investors in the year to March, according to the second annual Investors’ Guide to the New Zealand Technology Sector. Read more »

NZ dollar gains vs Aust dollar as investors rethink

Article – BusinessDesk

NZ dollar gains vs Aust dollar as investors rethink interest rate tracks

By Paul McBeth

May 9 (BusinessDesk) – The New Zealand dollar hit a two-month high against its trans-Tasman counterpart after weaker than expected consumer spending in Australia saw investors rethink the interest rate paths for the two nations. Read more »

NZ TechWeek underway

Article – BusinessDesk

NZ TechWeek underway, showcasing agri-tech, virtual reality and tech-enabled government

By Rebecca Howard

May 9 (BusinessDesk) – Techweek’17 is underway across New Zealand, with more than 100 events held in 27 towns and cities from Whangarei to Hokitika aimed at showcasing innovation, networking and raising awareness. Read more »

Briscoe cedes some gross margin in first quarter

Article – BusinessDesk

Tuesday 09 May 2017 10:37 AM

Briscoe cedes some gross margin in first quarter to boost sales

By Paul McBeth

May 9 (BusinessDesk) – Briscoe Group, which reported yet another record profit in March, gave up some margin in its homeware chain to boost sales in the first quarter. Read more »

Westpac NZ’s first-half earnings rise

Article – BusinessDesk

Monday 08 May 2017 10:38 AM

Westpac NZ’s first-half earnings rise as bad debt reversals offset shrinking margins Read more »

UPDATE: Oceania Healthcare climbs 3.8% in NZX debt

Article – BusinessDesk

Friday 05 May 2017 01:06 PM

UPDATE: Oceania Healthcare climbs 3.8% in NZX debt

(Recasts and updates to add detail and comment from the chief executive throughout, broker comment in paragraph four) Read more »

UPDATE: Infratil loses big chunk of bus contract

Article – BusinessDesk

Friday 05 May 2017 11:19 AM

UPDATE: Infratil loses big chunk of Wellington council bus contract

(Adds Infratil comment in 4th, 5th and 11th paragraphs, updates share price) Read more »

Oceania Healthcare climbs 3.8% in NZX debt

Article – BusinessDesk

Friday 05 May 2017 11:18 AM

Oceania Healthcare climbs 3.8% in NZX debt

Shares of residential aged care provider and retirement village operator Oceania Healthcare debuted at 82 cents, 3.8 percent higher than the offer price of 79 cents in the NZX’s first listing of the year. Read more »

Geneva Finance lifts annual profit 45% on increased lending

Article – BusinessDesk

Friday 05 May 2017 09:54 AM

Geneva Finance lifts annual profit 45% on increased lending, rising premiums

By Rebecca Howard Read more »

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