Tag Archives: nz companies

Postie, the retail chain bought out of administration by South African retailer Pepkor, is betting on its new owner’s economies of scale to boost sales in a “challenging” retail environment. The international retail chain owner acquired Postie’s 64 stores, intellectual property, staff, head office and stock from the administrators in July for an undisclosed sum after the clothing retailer’s lenders withdrew …

Buller Coal, the would-be Denniston Plateau coal miner owned by Bathurst Resources, has lost an application in the High Court to claim interest on a $4 million advance to Brightwater Engineers, the consultant for the escarpment mine. In 2010, Buller sought resource consent for its planned escarpment coal mine on Denniston Plateau, which was finalised in May this year. At the same time as seeking the consents, …

Graymont, the Canadian lime business, has agreed to buy McDonalds Lime from Holcim New Zealand, which plans to close its Westport cement plant in 2016, and Bluescope Steel-owned New Zealand Steel for an undisclosed sum.   The local operations of the international cement company will also sell its Taylor’s Lime assets to Graymont, the companies said in a joint statement. McDonalds Lime is …

Pulse Energy, the electricity retailer controlled by lines company Buller Electricity, sank deeper into the red in the first half as historical electricity derivatives tied the company to substantially higher than expected wholesale prices and chewed up revenue growth. The Auckland-based company reported a net loss of $9.99 million, or 2.9 cents per share, in the six months ended Sept. 30, widening …

Vital Healthcare Property Trust, the country’s biggest listed medical and healthcare property investor, has signalled A$14.4 million of new developments in Newcastle, Australia, and bought land in Melbourne to beef up an existing property in the city. The property investor will spend A$13 million to build a new 42-bed ward and car park at its Maitland Private Hospital just outside …

Intueri Education Group, New Zealand’s largest private training company, has agreed to buy Academy Group NZ  for an initial payment of $4 million and the balance on completion of the target’s 2015 accounts, adding courses for pharmacy technicians, florists, motor trades and building. The acquisition price will amount to four times 2015 earnings before interest and tax and is expected to add $5 …

Summerset Group Holdings, the listed retirement village, has been granted resource consent for its $80 million Wigram village, its first in Christchurch. The new site will have some 200 units, including villas, townhouses and care apartments as well as 50 hospital-level beds, the Wellington-based company said in a statement. Building will begin next month with first homes opening late next year. …

Delegat’s Group, the listed winemaker, plans to put a toehold in China next year as part of a long-term goal of boosting overall sales by 52 percent in the next five years. The Auckland-based company set up an in-market sales team in Japan this year and plans to do the same with three to four staff in Shanghai next year to push …

Enprise Group, the accounting software reseller which debuted on the NZAX yesterday, narrowed its first-half loss as its Australian unit turned to a profit and it reduced costs. The Auckland-based company’s loss narrowed to $79,000 in the six months ended Sept. 30, from $110,000 in the same period a year earlier, it said. Sales slipped 3.1 percent to $3.4 million, while …

Tony Falkenstein, founder and majority owner of Just Water International, will take over as head of the water cooler and supplies business after chief executive Ian Ormiston resigned. Falkenstein will take up the role of managing director to replace the outgoing Ormiston, as the Auckland-based company makes plans to de-list from the NZX once the founder’s takeover is complete, it said in a statement. Through …