Tag Archives: Companies

First NZ Capital upgraded its recommendation on homeware and sporting goods retail chain Briscoe Group to ‘neutral’ from ‘underperform’ and raised its outlook for earnings, citing better sales. Briscoe this week posted a 6.4 percent increase in second quarter sales and a 3.9 percent rise in same-store sales, compared with the year earlier quarter. The homeware unit posted its ninth …

Briscoe Group, whose shares have grown four times faster than the NZX 50 Index in the past five years, is eager to make acquisitions or substantial investments using a cash pile that may have grown to $90 million by January 2014. Managing director Rod Duke, who owns 78 percent of the listed retailer, said by the end the financial year, …

The cost of administering the frozen funds of late businessman Allan Hubbard has topped $17 million, of which almost a third was hoovered up in legal fees. Since the Hubbard entities were put into statutory management in 2010, Grant Thornton’s Richard Simpson, Trevor Thornton and Graeme McGlinn have racked up $1.4 million overseeing the administration of Te Tue Charitable Trust, …

NZAX-listed Malaysian internet services play Mykris has reported a solid lift in earnings and is paying 1.8 cents per share in dividends in its first year since seeking a listing on the New Zealand alternative market’s board. The company operates in Malaysia but reports in New Zealand dollars, turning over $8.9 million in the year to June 30, and turning …

Briscoe Group, the homeware and sporting goods retail chain, anticipates 9.7 percent growth in first-half profit as second-quarter sales continued to grow across both segments and margins widen. Net profit rose to at least $14.6 million in the six months ended July 28 from $13.3 million a year earlier, the Auckland-based company said in a statement. That was on the …

Guinness Peat Group, the New Zealand investment group winding down its portfolio, said the UK regulator has extended its investigation into the company’s pension schemes. The UK Pensions Regulator is extending its investigation into GPG’s Coats Pension Plan and its Brunel Holdings Pensions Scheme to also cover the Staveley Industries Retirement Benefits Scheme, GPG said in a statement. The company …

Rakon managing director Brent Robinson and his brother and executive director Darren Robinson have agreed to sell some 493,000 recently purchased shares each after the transactions breached the Takeovers Code. This month the brothers each bought $81,539 worth of shares, representing 0.52 percent of the Auckland-based crystal oscillator maker, though in doing do breached the code as they, along with …

Shares in Wynyard Group gained after the intelligence software developer signed up the Serious Fraud Office as its latest customer for an undisclosed sum. The white-collar crime investigator will use Wynyard’s investigations software as a means to improve efficiency and free up investigators to better manage their operations, the Auckland-based company said in a statement. That software is used to …

Abano Healthcare Group has reported a 75 percent improvement in net earnings after tax for the year to May 31, and is looking to raise $15 million in coming months to pursue further growth in Asia and Australia. The group reported record total revenues of $207 million for the year, and NPAT before accounting for the share available to minority …

Ryman Healthcare, whose shares are sitting at a record high after climbing 56 percent this year, trading in the first quarter was in line with the retirement village operator’s target’s and ahead of the same period on 2012. “We have reviewed the first quarter’s trading, and I’m pleased to advise that we are ahead of last year, and trading in …