Archive for the 'Article' Category

Ex-Powerhouse chair can’t be forced off board

Article – BusinessDesk

Ex-Powerhouse chair can’t be forced off board despite being ‘economical with the truth’

By Jonathan Underhill

June 16 (BusinessDesk) – The former chair of Powerhouse Ventures can’t be forced off the board without a meeting of shareholders even though the ASX-listed, Christchurch-based technology incubator says he was “economical with the truth” in his application to become a director. Read more »

CORRECT: ACG to buy Intueri schools

Article – BusinessDesk

CORRECT: ACG to buy Intueri schools out of voluntary administration for undisclosed sum
(Fixes reference to receivership in headline) Read more »

ACG to buy Intueri schools out of receivership

Article – BusinessDesk

ACG to buy Intueri schools out of receivership for undisclosed sum

By Paul McBeth

June 16 (BusinessDesk) – ACG Education, the private equity-owned education services provider, has agreed to buy failed NZX-listed private training provider Intueri Education Group’s seven New Zealand vocational schools for an undisclosed sum. Read more »

NZ manufacturing activity expands in May

Article – BusinessDesk

NZ manufacturing activity expands in May, bodes well for 2Q GDP

By Rebecca Howard

June 16 (BusinessDesk) – New Zealand’s manufacturing activity expanded in May, reaching the highest value since January 2016 and boding well for second-quarter economic growth. Read more »

Ryman secures 4.5ha site in Henderson

Article – BusinessDesk

Ryman secures 4.5ha site in Henderson for village targeting retiring Westies

By Jonathan Underhill

June 16 (BusinessDesk) – Ryman Healthcare, whose retirement village portfolio was valued at $3.66 billion as at March 31, has secured a 4.5 hectare site in Henderson, West Auckland to target retiring Westies it says are under-supplied with options. Read more »

A2 raises annual sales guidance on new production

Article – BusinessDesk

A2 raises annual sales guidance on new production, boosts Chinese marketing spend

By Paul McBeth

June 16 (BusinessDesk) – A2 Milk Co lifted annual sales guidance for the second time in as many months as it beefed up production to meet sweltering Chinese demand for infant formula. Read more »

Ventia awarded $266M contract with Auckland Council

Article – BusinessDesk

Ventia awarded $266M contract with Auckland Council to manage parks, libraries

By Sophie Boot

June 15 (BusinessDesk) – Australian contractor Ventia has been awarded a $266 million deal with Auckland Council to manage facilities in two of the supercity’s five regions. Read more »

Honey no longer employed after insider trading conviction

Article – BusinessDesk

Eroad confirms Jeff Honey no longer employed after insider trading conviction

By Sophie Boot

June 14 (BusinessDesk) – Eroad, the logistics and fleet management software developer, says former senior employee Jeffrey Peter Honey is no longer employed by the company after his sentencing for insider trading yesterday. Read more »

TruScreen widens annual loss but upbeat about FY18 revenue

Article – BusinessDesk

TruScreen widens annual loss but upbeat about FY18 revenue
By Rebecca Howard
June 14 (BusinessDesk) – TruScreen, the NZAX-listed cervical cancer test developer, Read more »

NZ median house price rises 6.7% in May; activity slows

Article – BusinessDesk

NZ median house price rises 6.7% in May; activity slows, REINZ says

By Tina Morrison

June 14 (BusinessDesk) – New Zealand’s median house price rose an annual 6.7 percent in May, with four regions recording new records, although activity slowed, according to the Real Estate Institute. Read more »

Vital Healthcare buys private mental hospital in Sydney

Article – BusinessDesk

Vital Healthcare buys private mental hospital in Sydney for A$30.3 mln

By Paul McBeth

June 13 (BusinessDesk) – Vital Healthcare Property Trust has continued its acquisition spree with the purchase of a private mental hospital in Sydney for A$30.3 million. Read more »

Moana NZ boosts first-half profit 28%

Article – BusinessDesk

Moana NZ boosts first-half profit 28% on Sealord earnings, iwi lobster joint venture

By Paul McBeth

June 13 (BusinessDesk) – Moana New Zealand boosted first-half profit 28 percent, even as revenue shrank by about a quarter, as the iwi-owned fishing group reaped gains from its half-stake in Sealord Group and its lobster joint venture with Port Nicholson Fisheries. Read more »

Spark buys marketing automation firm Ubiquity Software

Article – BusinessDesk

Spark buys marketing automation firm Ubiquity Software for undisclosed sum

By Paul McBeth

June 13 (BusinessDesk) – Spark New Zealand has bought Auckland-based marketing automation firm Ubiquity Software for an undisclosed sum, saying it will help beef up data analytics unit Qrious. Read more »

National’s ‘super city’ for Auckland is not working

Opinion – Ian Shirley



National’s ‘super city’ for Auckland is not working
Read more »

NZ economy may have expanded 0.7% in first quarter

Article – BusinessDesk

NZ economy may have expanded 0.7% in first quarter as primary industries recover

By Rebecca Howard Read more »

Commercial property stocks a better bet than Auckland houses

Article – BusinessDesk

Commercial property stocks a better bet than Auckland houses, broker says

By Sophie Boot

June 9 (BusinessDesk) – Housing investors would be better off putting their money in commercial property stocks, which provide higher yield than the slowing residential market, a broker says. Read more »

First NZ cuts Auckland Airport target price

Article – BusinessDesk

First NZ cuts Auckland Airport target price on $1.8 billion infrastructure spend

By Rebecca Howard

June 9 (BusinessDesk) – First NZ Capital cut its 12-month target price on Auckland International Airport on concern the company’s major capital project to cope with growing demand will limit returns from the transport hub’s regulated asset base. Read more »

TIL Group beefs up North Island presence

Article – BusinessDesk

TIL Group beefs up North Island presence with NZL acquisition

By Paul McBeth

June 8 (BusinessDesk) – Transport Investments Ltd has expanded its North Island presence with the purchase of logistics firm NZL Group which it says will operate the privately-held transport group under the same brand and with the same staff. Read more »

Palmerston North gets the pies in Goodman Fielder rejig

Article – BusinessDesk

Palmerston North gets the pies in Goodman Fielder rejig that will shutter two South Auckland factories

By Jonathan Underhill Read more »

Auckland Airport CEO downplays criticism of new pricing

Article – BusinessDesk

Auckland Airport CEO Littlewood downplays criticism of new pricing by airlines

By Rebecca Howard

June 8 (BusinessDesk) – Auckland International Airport’s new landing charges strike a fair balance says chief executive Adrian Littlewood, downplaying criticism from the Board of Airlines Representatives that the charges are “unjustifiably high”. Read more »

« Previous PageNext Page »