Archive for the 'Article' Category

Fonterra reviews governance

Article – BusinessDesk

Fonterra governance review raises questions of foreign farmer shareholders, director skills

By Jonathan Underhill Read more »

Snakk maintains above-target gross margin in third quarter

Article – BusinessDesk

Snakk maintains above-target gross margin in third quarter

By Paul McBeth

Feb. 1 (BusinessDesk) – Snakk Media, which aggregates publishers’ advertising space on mobile devices and matches it to advertiser demand, maintained above-target gross margins in the final three months of 2015, but warned they will probably weaken in the last quarter of its financial year. Read more »

NZ dollar rises vs. yen after BoJ introduces negative rates

Article – BusinessDesk

NZ dollar rises to 3-week high vs. yen after BoJ introduces negative interest rate

By Tina Morrison

Feb. 1 (BusinessDesk) – The New Zealand dollar hit a three-week high against the yen after the Bank of Japan introduced a negative interest rate policy, weakening its currency. Read more »

Labour launches policy offering 3 years’ free tertiary ed

Article – BusinessDesk

Labour launches new policy offering three years’ free tertiary education

By Pattrick Smellie

Jan. 31 (BusinessDesk) – A Labour Party-led would institute a policy of free tertiary education for up to three years for any New Zealander who has not previously studied past the end of secondary school, its leader, Andrew Little, announced today in a state of the nation speech in Auckland. Read more »

NZ dollar TWI heads for 1.4% weekly drop

Article – BusinessDesk

NZ dollar TWI heads for 1.4% weekly drop as RBNZ adopts easing bias, Fonterra cuts forecast

By Paul McBeth

Jan. Read more »

UPDATE: SFO confirms Intueri under investigation

Article – BusinessDesk

UPDATE: SFO confirms Intueri under investigation; shares drop 35%

(Adds Serious Fraud Office comment)

By Sophie Boot Read more »

Rakon shares drop as it delivers a profit warning

Article – BusinessDesk

Rakon shares drop as it delivers a profit warning

By Paul McBeth

Jan. 29 (BusinessDesk) – Rakon shares fell 6.7 percent after the high-tech components maker warned annual earnings will miss forecast because major network operators have delayed their spending on new equipment. Read more »

Rakon shares drop as it delivers a profit warning

Article – BusinessDesk

Rakon shares drop as it delivers a profit warning

By Paul McBeth

Jan. 29 (BusinessDesk) – Rakon shares fell 6.7 percent after the high-tech components maker warned annual earnings will miss forecast because major network operators have delayed their spending on new equipment. Read more »

Intueri shares plunge 35% on SFO investigation

Article – BusinessDesk

Intueri shares plunge 35% on Serious Fraud Office investigation

By Sophie Boot

Jan. 29 (BusinessDesk) – Intueri Education Group’s shares sank 35 percent as the company said one of its colleges was under investigation by the Serious Fraud Office. Read more »

Fliway shares gain 10% on earnings upgrade

Article – BusinessDesk

Fliway shares gain 10% after announcing 1H earnings beat forecast

By Sophie Boot

Jan. 29 (BusinessDesk) – Fliway Group’s shares climbed 10 percent since announcing its first half earnings beat prospectus forecasts, as the freight and logistics company contained costs in the face of falling revenue. Read more »

OIO approves Dairy Farms NZ’s $47M purchase of 5 farms

Article – BusinessDesk

OIO approves Dairy Farms NZ’s $47 mln purchase of 5 Southland farms

By Fiona Rotherham

Jan. 29 (BusinessDesk) – Dairy Farms NZ has cleared Overseas Investment Office approval for the $47 million purchase of five central Southland dairy farms ahead of a further capital-raising and eventual listing on the New Zealand sharemarket. Read more »

NZ residential building consents rise 2.3% in December

Article – BusinessDesk

NZ residential building consents rise 2.3% in December, driven by Auckland and neighbouring regions

By Sophie Boot Read more »

ERoad trims unit sales forecast

Article – BusinessDesk

ERoad trims sales forecast while holding revenue outlook on US opportunity

By Sophie Boot

Jan. 29 (BusinessDesk) – ERoad, the logistics and fleet management software and hardware developer, doesn’t expect to sell as many units in North America as previously forecast, but is still optimistic new US federal rules on electronic logging devices will widen the company’s market in the world’s biggest economy. Read more »

MBIE reviews startup repayable grants scheme

Article – BusinessDesk

MBIE reviews startup repayable grants scheme and new technology incubators

By Fiona Rotherham

Jan. 29 (BusinessDesk) – The new technology incubators and repayable loan scheme for startups are about to be reviewed by the Ministry of Business, Innovation and Employment as they start to crank up halfway through a three-year pilot. Read more »

Fliway says first half earnings beat prospectus forecast

Article – BusinessDesk

Fliway says first half earnings beat prospectus forecast

By Paul McBeth

Jan. 29 (BusinessDesk) – Fliway Group says first half earnings beat prospectus forecasts as the freight and logistics company contained costs in the face of falling revenue. Read more »

Infratil’s NZ Bus to lose South Auckland contract

Article – BusinessDesk

Infratil’s NZ Bus to lose South Auckland contract

By Paul McBeth

Jan. 29 (BusinessDesk) – Infratil’s NZ Bus unit has missed out on a tender for South Auckland’s public transport services, where it currently runs about 153 buses. Read more »

NZ dollar, swaps fall after RBNZ, Fonterra statements

Article – BusinessDesk

NZ dollar, swaps fall as RBNZ opens door to lower rates, Fonterra cuts forecast

By Paul McBeth

Jan. 28 (BusinessDesk) – The New Zealand dollar and swap rates fell after a one-two hit from Fonterra Cooperative Group lowering its forecast payout and the Reserve Bank opening the door to further interest rate cuts this year. Read more »

Airline pilots agree to night flying into Queenstown

Article – BusinessDesk

Airline pilot concerns over night flying into Queenstown Airport have been allayed

By Fiona Rotherham

Jan. 28 (BusinessDesk) – Airline pilots have dropped plans to blacklist night flying at Queenstown Airport with their safety concerns addressed by the airport and Air New Zealand. Read more »

Why the rush on TPP? asks US critic

Article – BusinessDesk

Why the rush on TPP? asks US critic

By Pattrick Smellie

Jan. 27 (BusinessDesk) – An American campaigner against the Trans-Pacific Partnership trade and investment agreement is asking “why does New Zealand have its pants on fire” to pass legislation implementing the deal when there is no guarantee it will survive the American political process. Read more »

NZ dollar falls as Aussie inflation rises more than expected

Article – BusinessDesk

NZ dollar falls vs. Aussie as Australian inflation beats expectations; Fed, RBNZ loom

By Paul McBeth

Jan. 27 (BusinessDesk) – The New Zealand dollar fell against its trans-Tasman counterpart after Australian inflation came in higher than expectations, eroding the chances of another rate cut in Australia. Read more »

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