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UPDATE: Metroglass confirms on track for full year, as interim sales rise 13%, shares gain
Taxation

UPDATE: Metroglass confirms on track for full year, as interim sales rise 13%, shares gain

Metro Performance Glass, which has more than half of New Zealand's glass processing market, is on track to meet full-year prospectus forecasts as i.

By Pattrick Smellie • 3 min read • Fri, 21st Nov 2014
A2 Milk changes Chinese supply approach for infant formula
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A2 Milk changes Chinese supply approach for infant formula

A2 Milk Co has agreed to make China State Farm Holdings Shanghai the sole importer of its a2Platinum infant formula while the milk marketer will ta.

By Pattrick Smellie • 2 min read • Fri, 21st Nov 2014
Horizon Energy first-half profit drops 58% on regulated price curbs
Power / Energy

Horizon Energy first-half profit drops 58% on regulated price curbs

Horizon Energy Distribution, the Bay of Plenty lines company which exceeded its regulated price path in 2012, said first-half profit fell 58 percen.

By Pattrick Smellie • 2 min read • Thu, 20th Nov 2014
ASB trims milk price forecast by 40c in wake of GDT prices hitting lowest level in five years
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ASB trims milk price forecast by 40c in wake of GDT prices hitting lowest level in five years

ASB cuts milk price forecast by 40c to $4.70/kgMS as GlobalDairyTrade hits a 5-year low, shaking NZ dairy farmers' confidence.

By Pattrick Smellie • 3 min read • Wed, 19th Nov 2014
Argosy Property lifts first-half profit 25% on occupancy boost, divestments
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Argosy Property lifts first-half profit 25% on occupancy boost, divestments

Argosy Property Fund lifted first-half earnings 25 percent as New Zealand's fourth-largest listed property investor boosted its occupancy rate and.

By Pattrick Smellie • 2 min read • Wed, 19th Nov 2014
Pacific Brands sells unprofitable footwear, sports apparel business
NZX

Pacific Brands sells unprofitable footwear, sports apparel business

Pacific Brands, the Australian apparel and linen brands business, has split and sold Brands Collective, its unprofitable footwear and sporting appa.

By Pattrick Smellie • 3 min read • Tue, 18th Nov 2014
Fletcher appoints Ernst & Young as auditor
Construction

Fletcher appoints Ernst & Young as auditor

Fletcher Building, New Zealand's largest listed company, has appointed Ernst & Young as its auditor, ending a 13-year relationship with KPMG.

By Pattrick Smellie • 1 min read • Tue, 18th Nov 2014
Resthome operator Arvida says its care beds will provide steady cash flows for investors
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Resthome operator Arvida says its care beds will provide steady cash flows for investors

Arvida, the retirement village operator planning to raise $80 million in an initial public offering, said its high proportion of care beds provides.

By Pattrick Smellie • 4 min read • Tue, 18th Nov 2014
PledgeMe taps its crowd for $50,000 to fund staff and mobile site
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PledgeMe taps its crowd for $50,000 to fund staff and mobile site

PledgeMe, the equity crowd funder, is using its own platform to raise as much as $100,000 to grow its staff and build a mobile-friendly website.

By Pattrick Smellie • 4 min read • Tue, 18th Nov 2014
UPDATE: IkeGPS shares jump on distribution contract with Stanley Black & Decker
Shares

UPDATE: IkeGPS shares jump on distribution contract with Stanley Black & Decker

Shares of IkeGPS climbed 11 percent after the remote measuring device developer signed a manufacturing and distribution deal with Stanley Black & D.

By Pattrick Smellie • 2 min read • Tue, 18th Nov 2014
Rest home operator Arvida to raise $80 million in IPO
All Blacks

Rest home operator Arvida to raise $80 million in IPO

Arvida, the retirement village operator formerly known as Hercules, has issued a prospectus for an initial public offer to raise $80 million for a.

By Pattrick Smellie • 3 min read • Mon, 17th Nov 2014
Pacific Brands in talks to sell unprofitable footwear operations
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Pacific Brands in talks to sell unprofitable footwear operations

Pacific Brands, the Australian clothing and linen company, is in talks with an undisclosed buyer to sell its unprofitable footwear and sporting goo.

By Pattrick Smellie • 2 min read • Mon, 17th Nov 2014
$18mln payday for Rural Women NZ in sale to Green Cross Health
Health Technologies

$18mln payday for Rural Women NZ in sale to Green Cross Health

Green Cross Health has agreed to pay around $18 million for Access Homehealth, a not-for-profit home healthcare services company owned by a grass-r.

By Pattrick Smellie • 2 min read • Mon, 17th Nov 2014
'NXT' year for NZX's new growth market
Payment Technologies

'NXT' year for NZX's new growth market

NXT, NZX's new growth focused market, is unlikely to launch this year, as companies wait for new legislation to come into effect and the quiet Chri.

By Pattrick Smellie • 3 min read • Wed, 12th Nov 2014
Smiths City starts search for new CEO after Hellings signals exit
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Smiths City starts search for new CEO after Hellings signals exit

Smiths City Group, the Christchurch-based retail chain, is looking for a new chief executive after long-serving head Rick Hellings said he plans to.

By Pattrick Smellie • 1 min read • Wed, 12th Nov 2014
BurgerFuel more than doubles 1H earnings on store openings
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BurgerFuel more than doubles 1H earnings on store openings

BurgerFuel Worldwide, the NZAX-listed fast food chain, more than doubled first-half earnings as it opened seven new stores in the period, lifting s.

By Pattrick Smellie • 3 min read • Wed, 12th Nov 2014
UPDATE: Infratil plans $120M return to shareholders; shares gain
Power / Energy

UPDATE: Infratil plans $120M return to shareholders; shares gain

Infratil shares rose to the highest in more than seven years after the infrastructure investor said it would return $120 million to investors via a.

By Pattrick Smellie • 3 min read • Tue, 11th Nov 2014
IkeGPS snags former Apple executive Richard Mander, Trimble's Peter Shaw
NZX

IkeGPS snags former Apple executive Richard Mander, Trimble's Peter Shaw

IkeGPS, the makers of remote measuring devices, has hired former Apple Inc executive Richard Mander and Trimble Navigation's Peter Shaw to join the.

By Pattrick Smellie • 2 min read • Mon, 10th Nov 2014
FMA clears Gentrack on prospectus, says offer risks could have been clearer
NZX

FMA clears Gentrack on prospectus, says offer risks could have been clearer

The Financial Markets Authority has cleared Gentrack Group's prospectus but said risks could have been made clearer after the utilities and airport.

By Pattrick Smellie • 3 min read • Mon, 10th Nov 2014