Investment Stories - Page 65

Global Stories

Investment stories

Michael Hill shares jump 7% after 1H profit rises 46%

Michael Hill International shares jumped as much as 7 percent after the jewellery chain posted a 46 percent rise in first-half profit.

By Pattrick Smellie • 3 min read • Fri, 13th Feb 2015

Health Technologies

Minister Flavell to push law review to drive Maori agribusiness

Maori Development Minister Te Ururoa Flavell expects to table legislation in the second half of next year to make it easier for Maori land owners t.

By Pattrick Smellie • 3 min read • Fri, 19th Dec 2014

Stories from Other Regions

Investment stories

Westpac

UPDATE: Fonterra Shareholders' Council relieved at dairy forecast being maintained

Farmers will be relieved at today's decision by Fonterra Cooperative Group, the world's largest dairy exporter, to maintain its forecast payout to fa.

By Pattrick Smellie • 4 min read • Thu, 26th Feb 2015

Power / Energy

Geothermal exit, dry weather wallop Mighty River earnings

Electricity generator and retailer Mighty River Power declared a massive drop in earnings for the six months to Dec.

By Pattrick Smellie • 3 min read • Tue, 24th Feb 2015

Kiwibank

NZ Post increased 1H profit 41%, helped by Kiwibank, sale of courier unit

New Zealand Post, the state-owned mail delivery service, increased first-half profit 41 percent after selling its Australian Couriers Please business.

By Pattrick Smellie • 2 min read • Mon, 23rd Feb 2015

Sales

Steel & Tube posts 35% gain in first-half profit on uplift in construction

Steel and Tube shines with a robust 35% profit surge, buoyed by the booming construction sector and strategic acquisitions.

By Pattrick Smellie • 2 min read • Thu, 19th Feb 2015

Physical Security

CORRECT: Kirkcaldie & Stains flags October for possible capital return, mulls future of store

Kirckcaldie & Stains, the unprofitable Wellington department store, is waiting for a new chief executive and the final payment from the buyer of it.

By Pattrick Smellie • 3 min read • Wed, 18th Feb 2015

Auckland Transport

Souter Investments invests $12 million in double deck buses for Auckland

Souter Investments, the global public transport company owned by Scottish transport entrepreneur Brian Souter, is investing $12 million in 15 new d.

By Pattrick Smellie • 2 min read • Wed, 18th Feb 2015

Investment

Property For Industry expects to pay more of its earnings in dividends in 2015

Property For Industry, New Zealand's only listed company specialising in industrial property, expects to pay more of its earnings in dividends in t.

By Pattrick Smellie • 3 min read • Tue, 17th Feb 2015

DataCentre infrastructure

Investors give raspberry to Contact Energy offshore investment plan

Contact Energy's share price plummeted after plans for offshore geothermal investments left investors wanting promised cash returns.

By Pattrick Smellie • 3 min read • Mon, 16th Feb 2015

EduTech

Wallace Corp backs Ligar to commercialise novel polymer products

Ligar, a startup developing molecularly imprinted polymers (MIPs), has secured an investment of hundreds of thousands of dollars from Wallace Corp,.

By Pattrick Smellie • 4 min read • Thu, 12th Feb 2015

Partner Programmes

China economic reform low on government priority list, WSJ commentator says

Economic reform in China, one of New Zealand's largest trading partners accounting for 22 percent of exports, is a lower priority than trying to sa.

By Pattrick Smellie • 4 min read • Thu, 12th Feb 2015

SkyCity's big spending plans may not deliver enough to earnings, investors say

SkyCity Entertainment Group, which has earmarked $800 million to expand and upgrade its Auckland and Adelaide businesses by 2020, has yet to convin.

By Pattrick Smellie • 3 min read • Wed, 11th Feb 2015

Skycity

Sky City 1H profit falls 11% as Adelaide weighs

Sky City Entertainment Group, New Zealand's only listed casino company, posted an 11 percent decline in first-half profit as it got less benefit th.

By Pattrick Smellie • 3 min read • Wed, 11th Feb 2015

SkyCity cut to 'sell' by Craigs, citing lack of return and high risk

SkyCity Entertainment Group was downgraded to 'sell' from 'hold' by Craigs Investment Partners, reflecting that the brokerage doesn't expect shares.

By Pattrick Smellie • 2 min read • Tue, 3rd Feb 2015

Fintech

MARKET CLOSE: NZ shares resume rally led by MRP; Kathmandu tumbles

New Zealand shares rose, heading back toward a record high after a two-day slide, as investors regained their appetite for companies offering relat.

By Pattrick Smellie • 3 min read • Mon, 2nd Feb 2015

Partner Programmes

Local Government NZ suggests new taxes, central govt support could bridge spending gap

New Zealand's 78 local government organisations could close the gap between spending and revenue with new taxes or a share of existing central gove.

By Pattrick Smellie • 3 min read • Mon, 2nd Feb 2015

Trade Me

Trade Me takes 15% stake in HarMoney for $7.7 million

Trade Me invests $7.7m for a 15% stake in HarMoney, New Zealand's sole licensed P2P lender, aiming to reshape the country's consumer finance.

By Pattrick Smellie • 3 min read • Mon, 12th Jan 2015

Power / Energy

UPDATE: Infratil, NZ Super Fund buy RetireAustralia for A$640.2 mln

Infratil and the New Zealand Superannuation Fund will buy Australia's fourth-biggest retirement village operator RetireAustralia for A$640.

By Pattrick Smellie • 4 min read • Mon, 29th Dec 2014

Fintech

Eco-lender Prometheus Finance calls in receiver

Prometheus Finance, the Wellington-based finance company with a mandate for socially responsible lending, has called in receivers after failing to.

By Pattrick Smellie • 3 min read • Mon, 22nd Dec 2014