Global Stories

Michael Hill shares jump 7% after 1H profit rises 46%

Michael Hill International shares jumped as much as 7 percent after the jewellery chain posted a 46 percent rise in first-half profit.

By Pattrick Smellie • 3 min read • Fri, 13th Feb 2015

Cloud Services

Cisco NZ sales creep up in 2014, sees gains on growing IT reliance

Cisco's broad suite of products meant it was well placed to meet rising demand from a growing reliance on web based services.

By Pattrick Smellie • 4 min read • Thu, 5th Feb 2015

Management

Woosh annual sales fall on dwindling customer numbers, parent accounts show

Woosh Wireless, the local internet service provider, reported a 14 percent drop in annual sales as it shed customers, while clamping down on costs.

By Pattrick Smellie • 4 min read • Wed, 31st Dec 2014

Stories from Other Regions

Auckland Airport

Auckland Airport lifts annual profit guidance as 1H earnings rise 1.3%

Auckland International Airport, the country's major gateway, raised its expectations for annual profit after first-half earnings rose.

By Pattrick Smellie • 3 min read • Fri, 20th Feb 2015

Sales

Steel & Tube posts 35% gain in first-half profit on uplift in construction

Steel and Tube shines with a robust 35% profit surge, buoyed by the booming construction sector and strategic acquisitions.

By Pattrick Smellie • 2 min read • Thu, 19th Feb 2015

Insurance Australia Group

UPDATE: IAG's NZ unit doubles 1H profit, lifts premiums on Lumley acquisition

Insurance Australia Group's New Zealand unit, the country's biggest general insurer, more than doubled first-half profit and lifted gross written p.

By Pattrick Smellie • 3 min read • Wed, 18th Feb 2015

Tui writedown turns NZOG to a first-half loss

New Zealand Oil & Gas, the exploration company, turned in a loss in its first half after the global drop in oil prices saw it recognise a $13 milli.

By Pattrick Smellie • 3 min read • Wed, 18th Feb 2015

Colonial Motor Co's 1H result steady despite increased new vehicle sales

Colonial Motor Co nets a modest profit rise to £12.9m, grappling with fierce competition offsetting surging new car sales.

By Pattrick Smellie • 2 min read • Tue, 17th Feb 2015

Investment

Property For Industry expects to pay more of its earnings in dividends in 2015

Property For Industry, New Zealand's only listed company specialising in industrial property, expects to pay more of its earnings in dividends in t.

By Pattrick Smellie • 3 min read • Tue, 17th Feb 2015

NZX

NZX posts 8.3% gain in full-year profit on securities data, listing fees, funds

NZX, which made its biggest-ever acquisition by buying funds manager SuperLife in 2014, posted annual profit growth of 8.3%.

By Pattrick Smellie • 4 min read • Tue, 17th Feb 2015

Sales

ASX-listed Inventis sells unprofitable kiwi furniture unit to Hamilton-based firm

Inventis, the unprofitable furniture and technology company, has sold its New Zealand unit to a Hamilton-based building firm for an undisclosed sum.

By Pattrick Smellie • 2 min read • Tue, 17th Feb 2015

Power / Energy

MARKET CLOSE: NZ shares fall; Contact drops 9% on offshore plans; Genesis declines

NZ shares dip as Contact Energy's revealed offshore ambitions and a stagnant dividend weigh on the market. Genesis and Meridian also slide.

By Pattrick Smellie • 3 min read • Mon, 16th Feb 2015

Initial Public Offering

APN sits tight on NZME sales, as it waits to see benefit of restructure

APN News and Media, the Australian publisher of The New Zealand Herald newspaper, has put off the public share float for its newly consolidated kiw.

By Pattrick Smellie • 3 min read • Thu, 12th Feb 2015

SkyCity's big spending plans may not deliver enough to earnings, investors say

SkyCity Entertainment Group, which has earmarked $800 million to expand and upgrade its Auckland and Adelaide businesses by 2020, has yet to convin.

By Pattrick Smellie • 3 min read • Wed, 11th Feb 2015

Skycity

Sky City 1H profit falls 11% as Adelaide weighs

Sky City Entertainment Group, New Zealand's only listed casino company, posted an 11 percent decline in first-half profit as it got less benefit th.

By Pattrick Smellie • 3 min read • Wed, 11th Feb 2015

Airwork affirms annual profit growth forecast; flags slowdown in helicopter trading

Airwork Holdings, the listed aviation business, still expects annual earnings to climb 48 percent this financial year even as a slowdown in helicop.

By Pattrick Smellie • 2 min read • Wed, 11th Feb 2015

Quantum Computing

Millennium & Copthorne lifts annual profit 11%, on the back of CDL gains

Millennium & Copthorne Hotels New Zealand, one of New Zealand's largest hotel operators, has lifted annual profit 11 percent and its dividend after.

By Pattrick Smellie • 2 min read • Tue, 10th Feb 2015

NZAX

Enprise buys Global Bizpro for $750,000

Enprise Group has bought MYOB EXO practice Global Bizpro for up to $750,000 including earnouts, in the accounting software reseller first acquisiti.

By Pattrick Smellie • 2 min read • Mon, 9th Feb 2015

JB Hi-Fi

JB Hi-Fi's NZ first-half sales, earnings fall in 'very competitive' market

JB Hi-Fi's New Zealand sales and earnings fell in the first half of the financial year in what the Australian discount consumer electronics chain s.

By Pattrick Smellie • 2 min read • Tue, 3rd Feb 2015

Partner Programmes

Local Government NZ suggests new taxes, central govt support could bridge spending gap

New Zealand's 78 local government organisations could close the gap between spending and revenue with new taxes or a share of existing central gove.

By Pattrick Smellie • 3 min read • Mon, 2nd Feb 2015