Tag Archives: nz companies

NZ Directories Holdings, the owner of the Yellow directories service, is unlikely to be able to repay $500 million of notes next year and may be wound up, with the profitable operations poured into a new vehicle. The company recorded an operating profit of $48.6 million in the 12 months ended June 30, down from $56 million a year earlier. …

Abano Healthcare, the listed healthcare investor, boosted first-half profit 51 percent on increased revenue from its dominant dental business and a turnaround at its unprofitable audiology businesses. Net profit after minorities rose to $3.5 million, or 16.89 cents per share, in the six months ended Nov. 30 from $2.3 million, or 12.56 cents, a year earlier, the Auckland-based company said in …

Steel & Tube Holdings is considering its legal position after an interim judgment found in favour of Lewis Holdings’ $1.75 million claim over a disputed lease contract. In October, the Lower Hutt-based company denied any legal responsibility for losses relating to a contract lease between former subsidiary Stube Industries, which was liquidated last year, and Lewis Holdings. The interim judgment found in …

Stuart McLean will join the executive team at Trade Me Group, the online auction site, after Xero, the cloud-based accounting firm, ditched his former role as chief revenue officer. The disestablishment of the chief revenue role comes after the Wellington-based software firm appointed Andrew Lark, former Commonwealth Bank of Australia executive as chief marketing officer, it said in a statement. …

New Zealand shares rose, led by OceanaGold Corp and Air New Zealand following a global rally as a rebound in oil prices and positive statements from the US Federal Reserve gave investors hope for the international economy. Arvida Group was flat in its NZX debut. The NZX 50 Index rose 21.891 points, or 0.4 percent, to 5518.476. Within the index, 31 stocks rose, …

The New Zealand dollar rallied after the US Federal Reserve’s policy statement disappointed investors who were expecting the central bank to have a stronger bias toward raising interest rates next year. The kiwi rose to 77.80 US cents at 8.15am in Wellington from 77.24 cents immediately before the release, and 77.36 cents yesterday. The trade-weighted index advanced to 77.89 from …

Wall Street rose as oil rebounded amid speculation it had fallen too far too fast and as investors positioned for the last policy statement of the year from the US central bank. In afternoon trading in New York, the Dow Jones Industrial Average climbed 0.93 percent, the Standard & Poor’s 500 Index strengthened 0.91 percent, while the Nasdaq Composite Index …

The three biggest shareholders of Wellington hospital owner Acurity Health Group have put a second application to the Commerce Commission, reducing one shareholder’s influence on the holding company, Connor Healthcare, in a bid to ease competition concerns created by a takeover. Connor needs the regulator’s tick of approval to take over the private hospital operator, to acquire the shares it doesn’t already own. Connor …

Paul Brewerton, chief operating officer of IkeGPS Group, has left the remote measuring devices and software company and will not be replaced. Brewerton left on Nov. 7, the Wellington-based company said in a brief statement. He had been with the company as operations manager since January 2012, according to a LinkedIn profile. His presence has been removed from the website, but …

Pyne Gould Corp, which is controlled by managing director George Kerr, will keep on buying back shares as it looks to narrow the shortfall from its net tangible asset value, and said it expects the audit of its Torchlight investment should be done before it releases its first-half earnings. Chairman Bryan Mogridge told shareholders in Auckland the firm will continue with …