Archive for the 'Business' Category

Time to further soften LVRs, says realty head

Press Release – Century 21 Real Estate

Time to further soften LVRs, says realty head

“It’s time for the Reserve Bank to look at further softening its loan-to-value ratios, particularly for Auckland first-home buyers,” says Geoff Barnett, National Manager of Century 21 New Zealand. Read more »

Business Bakery to accept Trilogy offer

Article – BusinessDesk

Business Bakery to accept Trilogy offer after adviser’s report gives tick to Citic bid

By Paul McBeth

Feb. 16 (BusinessDesk) – The Business Bakery will accept a $2.90 a share offer for its 31 percent stake in Trilogy International from China’s Citic Capital Partners after the independent adviser’s report found the bid was within fair value. Read more »

UPDATE: Auckland Airport says equity raising still possible

Article – BusinessDesk

UPDATE: Auckland Airport’s Littlewood says equity raising still possible as 1H profit rises 17%

(Recasts to reflect interview with Littlewood, share price and investor comment) Read more »

Supercrete Auckland director fined $37,500

Press Release – Commerce Commission

Supercrete Auckland director fined $37,500 for claiming generic cladding was premium brand

The former director of Supercrete Auckland Limited (Supercrete) has been fined $37,500 for misrepresenting generic Chinese cladding as the premium Australian-made ‘Hebel’ brand. Read more »

Statement released for Rhone/Fluidra merger

Press Release – Commerce Commission

Statement of Preliminary Issues released for Rhone/Fluidra swimming pool equipment merger

The Commerce Commission has published a Statement of Preliminary Issues relating to Rhone Capital LLC’s (Rhone) proposed acquisition of Fluidra S.A. (Fluidra). Read more »

Tourism Holdings forms US$94M JV with Thor Industries

Article – BusinessDesk

Tourism Holdings forms US$94M JV with Thor Industries to connect RV market

Feb. 16 (BusinessDesk) – Tourism Holdings, the world’s largest recreational vehicle rental business, has formed a joint venture with Thor Industries, the world’s largest manufacturer of the vehicles, to develop a single platform to connect a wide range of services in the growing market for RVs. Read more »

Auckland Airport lifts first-half profit by 17%

Article – BusinessDesk

Auckland Airport lifts first-half profit by 17%, tightens full-year guidance

By Jonathan Underhill

Feb. 16 (BusinessDesk) – Auckland International Airport, New Zealand’s busiest gateway, posted a 17 percent gain in first-half profit and said its strong performance gave it the confidence to tighten the range of its full-year guidance for underlying earnings. Read more »

Crusty’s Pizza Burger wins Menulog’s Favourite Restaurant

Press Release – Menulog

Crusty’s Pizza Burger wins Menulog’s Favourite Restaurant in 2018 Summer Awards

14 February 2018 – Auckland pizzeria and burger restaurant Crusty’s Pizza Burger has won most popular restaurant in the Menulog Restaurant Awards for summer 2017/18. Read more »

Auckland Airport FY18 Interim Results

Press Release – Auckland Airport

FY18 Interim Results: Delivering infrastructure

Auckland Airport has today announced its financial results for the six months ended 31 December 2017. Read more »

CORRECT: QEX shares jump 80% on debut

Article – BusinessDesk

CORRECT: QEX shares jump 80% on debut as logistics firm joins NXT

(Fixes incorrect listing price in 2nd paragraph and percentage gain in headline, lede; updates current price in 2nd paragraph) Read more »

CBL chief operating officer quits amidst share suspension

Article – BusinessDesk

CBL chief operating officer quits amidst share suspension

By Sophie Boot

Feb. 15 (BusinessDesk) – CBL Corp’s chief operating officer Suzanne Tindal has quit the company, as the company’s stock remains suspended from the NZX over continuous disclosure concerns. Read more »

Ground-breaking Māori business programme in Hamilton

Press Release – Callaghan Innovation

Ka tū papahū a “Kōkiri” ki Kirikiriroa

Ground-breaking Māori business programme begins in Hamilton Read more »

QEX shares jump 29% on debut as logistics firm joins NXT

Article – BusinessDesk

QEX shares jump 29% on debut as logistics firm joins NXT

By Paul McBeth

Feb. 15 (BusinessDesk) – QEX Logistics shares jumped 29 percent on their debut to the small-cap NXT market in the first new listing of 2018. Read more »

Staples Rodway announces two new Directors

Press Release – Staples Rodway

National accounting and business advisory firm Staples Rodway is growing and has announced two key promotions among its senior staff, Sachin Patel and Kaison Chang have both been named Directors in the Auckland office, less than 18 months after their promotion to Associate Director and just 10 years after joining Staples Rodway as graduates in March 2008. Read more »

NZ guest nights continue to rise in December

Article – BusinessDesk

By Rebecca Howard

Feb. 15 (BusinessDesk) – New Zealand guest nights rose 4 percent in December from a year earlier as the number of international visitors continued to rise and many traveled to the South Island. Read more »

UPDATE: Skellerup lifts 1H profit 31%

Article – BusinessDesk

UPDATE: Skellerup lifts 1H profit 31% on ‘standout’ industrial unit performance; shares hit record

(Updates to include share price reaction from first paragraph, broker comment in seventh paragraph.) Read more »

NZ house sales rise in January for first time in seven mths

Article – BusinessDesk

By Rebecca Howard

Feb. 15 (BusinessDesk) – The number of property sales across New Zealand rose in January for the first time in seven months but people are taking more time to purchase, according to the Real Estate Institute. Read more »

Skellerup lifts 1H profit 31%, citing ‘standout’ performance

Article – BusinessDesk

By Tina Morrison

Feb. 15 (BusinessDesk) – Skellerup Holdings lifted first-half profit 31 percent thanks to a “standout” performance from its industrial unit which boosted earnings 40 percent, and it forecast an increase in full-year profit. Read more »

Telecommunications Provider Gains Govt;s TaaS Endorsement

Press Release – Vivid Solutions

Innovative Telecommunications Provider Gains Governments TaaS Endorsement


Auckland, 15 February – The largest private New Zealand-owned video conferencing network provider for healthcare in Australasia, has just been awarded panel status in the latest round of the government’s Telecommunications-as-a-Service (TaaS) endorsements. Read more »

Chapman Tripp proud to join car-sharing

Press Release – Chapman Tripp

Chapman Tripp is proud to join the car-sharing movement as one of the foundation members of Yoogo, launching today in Christchurch. Read more »

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