Tag Archives: Companies

APN News & Media, which publishes the New Zealand Herald, may list its New Zealand business on the local sharemarket.  The Sydney-based company has retained Grant Samuel to assist with its review of strategic options for APN New Zealand, which includes its New Zealand publishing assets, as well as The Radio Network which encompasses the Newstalk ZB and ZM stations, and …

Air New Zealand, the government-controlled national carrier, boosted annual profit 45 percent as increased passenger numbers and capacity lifted earnings, and will pay a special dividend after reviewing its capital structure. Net profit rose to $262 million, or 23.6 cents per share, in the 12 months ended June 30, from $181 million, or 16.4 cents, a year earlier, the Auckland-based company …

Shares in A2 Milk Co jumped 9.8 percent from a 15-month low on news the milk marketer has won Chinese regulatory approval to export its a2 Platinum infant formula. Milk processor Synlait Milk is still waiting for registration. The Auckland-based company has been included in the list of approved imported brands issued by the China General Administration of Quality Inspection and Quarantine, it said in a statement. The …

Queenstown Lakes District Council has advice its convention centre plan is legal and financially viable even though many other convention facilities are in various stages of development around the country. After spending $500,000 on ten reports over three years the council will consider a new report recommending it approve a council-led development on the Lakeview site at a full council …

Hirepool’s 64 percent owner, Australian private equity firm Next Capital, has abandoned plans to sell shares in a $262 million initial public offering after concern from institutional investors that on market support for shares of the unprofitable equipment rental company wouldn’t be strong enough. Next and fellow shareholders Macquarie Group holds 21 percent. Hunter Powell Investments were to have reduced their combined …

Investors punished Synlait Milk shares after the dairy processor was forced to wind back the bullish profit forecast it gave in January because of disruptions from increased Chinese regulations on infant formula and unfavourable foreign exchange movements. The stock dropped 7.3 percent to a three-week low of $3.70, trimming their gains from last year’s initial public offering to 68 percent. …

New Zealand-founded bio-fuels innovator LanzaTech has attracted US$60 million in its latest capital-raising round, including a US$20 million commitment from Japanese industrial conglomerate Mitsui, which will join the LanzaTech board. Headquartered in Chicago, but with scientific operations led from its Auckland laboratories, LanzaTech is seeking up to US$80 million in its so-called “D round” of funding, with a second tranche …

Rod Drury, founder of Xero, says the cloud-based accounting company $180 million capital raising from key US shareholders sends a strong signal to rivals that there are no constraints on the funds it needs to win global market share. essays about bullying The Wellington-based company sold 9.92 million shares at $18.15 apiece, a 1.1 percent premium to their price last …

Port of Tauranga, the country’s biggest export port, has reported a record profit bang on expectations as it readies a dredging project to prepare for larger ships. Net profit of $112.1 million in the year ended June 30 was up 52 percent on the previous year and in line with First NZ Capital’s expectation of $112.9 million. After a $38.2 …

By Pam Graham Rakon, a maker of crystal oscillators used in smart phones and navigation systems, will liquidate its two-year-old Chinese factory if a plan to sell it does not go through. iphone sms spy Shenzhen Stock Exchange-listed ZheJiang East Crystal Electronic Co is buying 80 percent of Rakon Crystal (Chengdu) Co (RCC) for $US18.8 million. Rakon, which will retain …