CFOtech New Zealand - Technology news for CFOs & financial decision-makers

Investment stories - Page 32

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US BlackRock takes 5% stake in Fletcher Building

Tue, 24th Mar 2015
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fletcher building
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blackrock
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investment
BlackRock acquires a 5% stake in Fletcher Building, signaling confidence despite the Auckland firm's recent drop in profits.
Cows

Faint praise from industry body for 'Fonterra for meat' report

Wed, 18th Mar 2015
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uc
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collaboration
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fonterra
The industry body that helped fund a major study to reform the red meat sector has damned with faint praise the resulting report from the Meat Industr.
Jk

PM Key says Indian FTA would reduce reliance on China

Fri, 13th Mar 2015
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edutech
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agricultural technology
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education, learning & training
Prime Minister John Key says a free trade agreement with India would help New Zealand reduce its dependence on the Chinese market, which is the countr.
Fallback

MARKET CLOSE: NZX 50 rises to record led by Genesis on yield hunt

Fri, 6th Mar 2015
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power / energy
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nzx
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air new zealand
New Zealand shares rose led by Genesis Energy and paced by Spark New Zealand, as the international hunt for income paying investment returned.
Warehouse

Warehouse lowers annual profit, dividend forecast on weaker trading

Fri, 6th Mar 2015
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noel leeming
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shares
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investment
Warehouse Group lowered its forecasts for annual profit and dividends after New Zealand's largest listed retailer posted weaker first-half earnings as.
India council

Don't wait for FTA before acting on India, says India-NZ business council chair

Thu, 5th Mar 2015
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cricket world cup
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india-new zealand business council
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investment
New Zealand companies looking to do business in India should move beyond a mutual love of cricket and not wait for a free-trade agreement before seeki.
Countdown

Countdown boosts first-half earnings 2.9% amid cost cutting, higher volumes

Fri, 27th Feb 2015
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shares
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countdown
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woolworths
Countdown, the New Zealand supermarket chain owned by Australian retailer Woolworths, increased first-half earnings.
Cows

UPDATE: Fonterra Shareholders' Council relieved at dairy forecast being maintained

Thu, 26th Feb 2015
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westpac
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fonterra
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strategy
Farmers will be relieved at today's decision by Fonterra Cooperative Group, the world's largest dairy exporter, to maintain its forecast payout to fa.
Xero

Geothermal exit, dry weather wallop Mighty River earnings

Tue, 24th Feb 2015
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power / energy
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clean technologies
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capital management
Electricity generator and retailer Mighty River Power declared a massive drop in earnings for the six months to Dec.
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NZ Post increased 1H profit 41%, helped by Kiwibank, sale of courier unit

Mon, 23rd Feb 2015
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kiwibank
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new zealand post
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investment
New Zealand Post, the state-owned mail delivery service, increased first-half profit 41 percent after selling its Australian Couriers Please business.
Fallback

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

Thu, 19th Feb 2015
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sales
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steel & tube
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construction
Steel and Tube shines with a robust 35% profit surge, buoyed by the booming construction sector and strategic acquisitions.
Fallback

CORRECT: Kirkcaldie & Stains flags October for possible capital return, mulls future of store

Wed, 18th Feb 2015
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physical security
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sales
Kirckcaldie & Stains, the unprofitable Wellington department store, is waiting for a new chief executive and the final payment from the buyer of it.
Fallback

Souter Investments invests $12 million in double deck buses for Auckland

Wed, 18th Feb 2015
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auckland transport
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souter investments
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investment
Souter Investments, the global public transport company owned by Scottish transport entrepreneur Brian Souter, is investing $12 million in 15 new d.
Fallback

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

Tue, 17th Feb 2015
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investment
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fy
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expenses
Property For Industry, New Zealand's only listed company specialising in industrial property, expects to pay more of its earnings in dividends in t.
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Investors give raspberry to Contact Energy offshore investment plan

Mon, 16th Feb 2015
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datacentre infrastructure
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power / energy
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contact energy
Contact Energy's share price plummeted after plans for offshore geothermal investments left investors wanting promised cash returns.
Fallback

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

Fri, 13th Feb 2015
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investment
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revenue
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retail
Michael Hill International shares jumped as much as 7 percent after the jewellery chain posted a 46 percent rise in first-half profit.
Fallback

Wallace Corp backs Ligar to commercialise novel polymer products

Thu, 12th Feb 2015
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edutech
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callaghan innovation
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kiwinet
Ligar, a startup developing molecularly imprinted polymers (MIPs), has secured an investment of hundreds of thousands of dollars from Wallace Corp,.
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China economic reform low on government priority list, WSJ commentator says

Thu, 12th Feb 2015
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partner programmes
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supply chain
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wsj
Economic reform in China, one of New Zealand's largest trading partners accounting for 22 percent of exports, is a lower priority than trying to sa.
Fallback

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

Wed, 11th Feb 2015
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shares
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skycity
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spending
SkyCity Entertainment Group, which has earmarked $800 million to expand and upgrade its Auckland and Adelaide businesses by 2020, has yet to convin.
Fallback

Sky City 1H profit falls 11% as Adelaide weighs

Wed, 11th Feb 2015
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skycity
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new zealand dollar
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investment
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.