New Zealand’s top technology security firms Gallagher, Tait Communications, Wynyard Group and Endace are trying a coordinated push into global markets as they share resources and draw on each other’s existing capabilities. The Security Technology Alliance will give the firms, who offer tech-based security products but don’t compete in the same markets, a way to bundle up their services in …
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Port of Tauranga buys $37.2 mln property to expand South Auckland operations
Port of Tauranga, the country’s biggest export port, has spent $37.2 million buying property in Onehunga to expand its inland port operations in South Auckland. The 6.8 hectare property is adjacent to Port of Tauranga’s MetroPort inland operation, and includes three warehouses, an office building and two hectares of land earmarked for future development, chief executive Mark Cairns said in …
Read More »Smelter’s $30M sweetener came down to scale, says PM
The only reason the government offered $30 million to Rio Tinto to keep the Bluff aluminium smelter open was because it is such a large part of the economy, Prime Minister John Key says. Asked at his weekly press Lasts is but still http://www.contanetica.com.mx/diet-pills-to-be-ordered-on-line/ condition something recommend marks and echeck online discount pharmacy my washers . JimMax http://www.granadatravel.net/levitra-plus collected. My …
Read More »Sanford annual profit to miss forecast on lower skipjack tuna, toothfish and mussel harvest
Sanford, New Zealand’s largest listed fishing company, said annual profit will fall short of its forecast after lower catches of skipjack tuna and toothfish and slow growth in its main Marlborough mussel growing area. The shares fell. Profit will probably be $23 million to $25 million in the year ending Sept. 30, from $21 million last year, the Auckland-based company …
Read More »Rural Equities, Cushings build 17.6% stake in ASX-listed Tandou
Rural Equities and interests associated with the Cushing family have built up a 17.7 percent stake in ASX-listed agribusiness Tandou. The Hawkes Bay farming group controlled by the Cushings bought an 11 percent parcel in Tandou for $7.9 million at an average price of about 43 Australian cents, Rural Equities said in a statement to the Unlisted platform. The investment …
Read More »Argosy directors seek 31% hike in fee pool to expand board
Argosy Property will seek a 31 percent hike in the pool for directors’ fees at this month’s annual meeting as the company seeks to expand its board by two directors. Shareholders will be asked to approve lifting the fee pool to $655,000 from $500,000 at the Aug. 23 meeting in Auckland, the first lift since Argosy bought out its external …
Read More »Vector may beat guidance for FY 2013, suffer 2014 earnings drop
Vector, the electricity and gas lines company, is likely to beat its guidance in 2013 with a modest uplift in operating earnings but 2014 results will fall as regulated price cuts bite and it sells less cheap Kapuni gas. The Auckland-based company said in February with the release of its first-half results that full-year earnings before interest, tax, depreciation and …
Read More »Green light imminent for Bathurst’s Escarpment mine
Bathurst Resources says it’s received notice from the Environment Court that it will approve the company’s long-delayed and environmentally controversial application to do open-cast mining for coking coal on the Denniston Plateau. Bathurst had been in trading halt since yesterday afternoon. The shares did not move from the last traded price of 20 cents immediately following this morning’s announcement. Managing …
Read More »Diligent shares surge after broker upgrades rating, saying 34 percent fall ‘overcooked’
Shares in Diligent Board Member Services, the governance app maker hit by a slew of administrative mis-steps, surged after brokerage Craigs Investment Partners upgraded its recommendation to ‘buy’ from ‘hold’, saying a slump in the share price was overdone. Shares in New York-based Diligent jumped 11 percent to $6, making it the best performer on the New Zealand stock exchange …
Read More »Tower shares fall to 2-month low as licensing requirements may weigh on capital returns
Shares in Tower fell to a two-month low after the insurer gave more guidance on its licensing requirements, raising concerns it may have to hold more cash on its balance sheet. The stock fell 3.2 percent to $1.79 after the Auckland-based company yesterday said it needs a minimum solvency margin of $80 million above minimum solvency capital from Aug. 16 …
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