Kathmandu Holdings shares soared to an all-time high after the outdoor equipment and clothing retailer posted record annual earnings and gave an upbeat outlook, reassuring investors after a year of changeable weather. The stock jumped about 12 percent to $3.18 and traded as high as $3.22, the highest since the company listed in late 2009. Before today, analysts polled by …
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NZ regulator may force pub pokie machine operators to give more back to communities
The New Zealand regulator may force pub pokie machine operators to give more back to their local communities and provide more detail on grant winners and losers. The Department of Internal Affairs, which oversees gambling regulations, has released a consultation paper on proposed changes for rules governing slot machines in pubs. Some $260 million of pokie money was returned via …
Read More »Trilogy forecasts smaller first-half loss, softens FY guidance
Trilogy International, which changed its named from Ecoya in June to reflect the dominance of its skincare business, forecasts a small first-half loss while tipping a second-half pickup which would help it to almost meet guidance for the full year. The net loss will probably be $514,000 in the six months ending Sept. 30, down from a loss of $782,000 …
Read More »Synlait beats prospectus forecast as full-year profit more than doubles
Synlait Milk, the Canterbury-based dairy processor that went public in July, posted a 161 percent jump in full-year profit, beating its prospectus forecast, although infant formula sales missed its target. Profit was $11.5 million in the year ended July 31, from $4.4 million a year earlier, the company said in a statement. Sales rose about 12 percent to $420 million, …
Read More »China Skinny looking to demystify ‘size and scale’ of China’s cities
newzealandinc.com talks to the businessman behind one of China”s fastest growing marketing and research agencies, Shanghai-based Kiwi Mark Tanner, as his business China Skinny focuses on telling the “size and scale” story of China”s cities. The ?majority of foreign businesses tend to focus on China?s mega-cities. Shanghai and Beijing not surprisingly top the agenda when China is being considered, but …
Read More »While you were sleeping Fed officials confuse
Wall Street fell as investors weighed comments from various US Federal Reserve officials following last week’s surprise decision by the central bank not to cut back its monthly bond-buying program. “The more people who speak from the Fed in one day, the less clarity there is,” Richard Sichel, who oversees about US$1.9 billion as chief investment officer at Philadelphia Trust, …
Read More »New Zealand Food & Beverage Month in Beijing
newzealandinc.com catches up with Beijing-based Alex Worker, Director of Marianas Group, to talk about the mood on the ground in China in the wake of the Fonterra food scare and NZ Food & Beverage month in Beijing. spy app for android It’s been a turbulent few weeks for Fonterra in the wake of a further dairy crisis. Our largest company …
Read More »Toys bringing big business for Zuru
From hot air balloons in small-town New Zealand to Ferraris in Shenzhen and Hong Kong, it’s been quite a journey for Nick Mowbray, whose family-owned Zuru Toys continues to go from strength to strength in Southern China. It didn’t come easy, says Nick Mowbray, the Cambridge man at the helm of Zuru Toys, a rapidly growing New Zealand toy company he …
Read More »Huawei – Scott Sykes “We are able to control our greed”
Alexander Speirs visits Chinese telecommunications giant Huawei at its Shenzhen HQ and sits down with VP Scott Sykes to discuss the company and its increasing role in New Zealand’s communications ecosystem. “We feel very welcome in New Zealand.” Sykes tells me from the outset. “The New Zealand Government and John Key have been very progressive in embracing communications technology and …
Read More »Focus: China – September 2013
cell phone lookup numbers newzealandinc.com presents Focus: China – September 2013 as we look at some of the contemporary talking points coming out of China for New Zealand – with business, food & beverage, social media and telecommunications in the spotlight. Toys bringing big business for Zuru: From hot air balloons in small-town New Zealand to Ferraris in Shenzhen …
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