Scaled-down Wild Dunedin event
Scaled-down Wild Dunedin event
Organisers of the proposed Wild Dunedin nature festival will run a scaled-down event in late April, while they await incorporated charity status.
Simon Hartley
Bigger loan book boosts Heartland
Bigger loan book boosts Heartland
Listed Heartland Bank lifted its half-year to December after-tax profit by 9% to $25.6 million and upped its dividend from 3c to 3.5c.
45% profit rise in strong THL result
45% profit rise in strong THL result
Tourism Holdings Ltd (THL) has booked a 45% gain in after-tax profits for its half-year result, upgraded its full-year profit guidance to $24 million and says it is "on track'' to hit a $30 million profit by 2019.
Record profit tipped for NZR
Record profit tipped for NZR
New Zealand Refining (NZR) is expected to deliver a record more-than-$150 million profit for its full-year result on Wednesday, with all eyes now on the level of dividend it settles on.
Freightways first in big reporting week
Freightways first in big reporting week
Bellwether courier company Freightways leads the busiest week of the current NZX reporting season, during which 28 companies of 50 are scheduled to deliver their half-year reports.
Takeover schemes to be more frequent
Takeover schemes to be more frequent
Senior Business Reporter Simon Hartley talks with Chapman Tripp senior associate Joshua Pringle on the evolution of company takeovers.
'Low and opportunistic offer' likely to succeed
'Low and opportunistic offer' likely to succeed
This week's takeover offer for governance software provider Diligent has been labelled "low and opportunistic'' by brokerage Craigs Investment Partners, which is urging shareholders to vote against the proposal.
Strong trading bumps up AIA’s profit guidance
Strong trading bumps up AIA’s profit guidance
Strong first-half trading has prompted Auckland International Airport to upgrade its profit-after-tax guidance for the full year to between $200 million and $206 million, an increase of 8%-9%.
Low debt and growth enables payout
Low debt and growth enables payout
Oceana Gold has delivered just its second dividend in 26 years, despite a profit plunge and depressed global spot gold prices during calendar 2015.
STU’s underlying profit falls
STU’s underlying profit falls
Steel & Tube has turned in a record half-year trading revenue of $266 million, in spite of a 13-year low in global steel prices.
Fall in log exports mars result but step-up seen ahead
Fall in log exports mars result but step-up seen ahead
Port of Tauranga (POT) has booked a more than 10% increase in container volumes for its first six months' trading, but that was offset by a 16% decline in log exports across its wharves.
Takeover target Nuplex’s profit down; expectations up
Takeover target Nuplex’s profit down; expectations up
In maker and takeover target Nuplex has booked a dip in half-year profits, but slightly upgraded its full-year expectations on earnings before interest, tax, depreciation and amortisation (ebitda).
Fletcher posts some big gains
Fletcher posts some big gains
Strong performances by Fletcher Building's distribution and building products divisions underpinned a more than 50% gain in half-year after-tax profit, and reaffirmed its full-year financial guidance.
Takeovers make way for NZX 50 admission
Takeovers make way for NZX 50 admission
A "takeover season'' targeting New Zealand-listed entities has prompted speculation about which companies will gain admittance to the benchmark NZX 50 index.
Offshore companies make bids for Nuplex, Diligent
Offshore companies make bids for Nuplex, Diligent
The first of what could be a year of merger and acquisition (M&A) of New Zealand companies took off yesterday, with separate bids totaling almost $2billion for resin maker Nuplex and corporate software provider Diligent.
Fletcher Building outlook looks flat
Fletcher Building outlook looks flat
A deceleration in New Zealand profits for Fletcher Building is expected to deliver a flat first-half trading result this week, but with an improving outlook for the rest of the year.
Global interest in gas detector
Global interest in gas detector
Little-known University of Otago spin-off company Photonic Innovations is about to launch into commercialisation of its cutting-edge laser gas detection devices in April. Simon Hartley talks to Photonic's chief executive Dr Ojas Mahapatra about the company's outlook and its target of raising up to $1.5 million in coming weeks.
Dairy, logs lead rise in exports at Bluff
Dairy, logs lead rise in exports at Bluff
South Port at Bluff has posted a strong first-half trading result, with tonnage surprisingly up and a more than 50% boost to profits, but cautioned that second-half capital expenditure will bite.
Otago high on rental returns list
Otago high on rental returns list
Otago is among the top three regions in the country delivering the highest gross return on investment (ROI) to investors from owning residential rentals.
Diverse house prices all rise by 10%
Diverse house prices all rise by 10%
Auckland, Dunedin, Otago and the Central Otago Lakes regions all enjoyed house price gains of about 10% during the past year, but there any close comparisons ends.