Lydia Marshall's Blog: October 2016

Monday, 31 October 2016

Hellaby urges shareholders to reject Bapcor offer

Offer “significantly below” independent valuation.

Read the original here: Hellaby urges shareholders to reject Bapcor offer

from
http://lydiamarshall92.tumblr.com/post/152569464128

Wynyard administrators make more than half staff redundant

Receiver says high cash burn was limiting prospects of a sale.

Read the original here: Wynyard administrators make more than half staff redundant

from
http://lydiamarshall92.tumblr.com/post/152569463748

Meridian bemoans Australia’s lack of renewable energy policy

Meridian Energy says until Australia’s federal government tackles the shortcomings of its renewable energy target scheme it won’t be building any more windfarms.

Read the original here: Meridian bemoans Australia’s lack of renewable energy policy

from
http://lydiamarshall92.tumblr.com/post/152569463558

While you were sleeping: Entering no-man’s land

The flurry of corporate deals continues.

Read the original here: While you were sleeping: Entering no-man’s land

from
http://lydiamarshall92.tumblr.com/post/152569463958

Singapore-based Kiwi businessman scoops up local businesses to list

NZ SMEs are being rolled up under the radar and listed on the likes of the Nasdaq. With special feature audio.

Read the original here: Singapore-based Kiwi businessman scoops up local businesses to list

from
http://lydiamarshall92.tumblr.com/post/152569463358

Ex-Michael Hill chief scores multi million dollar exit pay

Shareholders voted to pay former chief executive Michael Parsell a termination and exit package amounting to $A2.4 million.

Read the original here: Ex-Michael Hill chief scores multi million dollar exit pay

from
http://lydiamarshall92.tumblr.com/post/152569463213

MARKET CLOSE: NZ shares mixed amid US election backdrop

Sky Network Television was the worst performer on the index, down 3.8 percent to $4.62.

Read the original here: MARKET CLOSE: NZ shares mixed amid US election backdrop

from
http://lydiamarshall92.tumblr.com/post/152569463048

Partial sale of Kiwibank to NZ Super, ACC completes

Deal worth almost half a billion dollars is confirmed by the government, which will receive a special dividend.

Read the original here: Partial sale of Kiwibank to NZ Super, ACC completes

from
http://lydiamarshall92.tumblr.com/post/152569462923

Windfarms CEO quits citing ‘personal reasons’

Shareholder says he’s happy with the change that’s occurring

Read the original here: Windfarms CEO quits citing ‘personal reasons’

from
http://lydiamarshall92.tumblr.com/post/152569462803

Powerhouse Ventures makes two new investments

The company’s share price languishes 30Ac below its market debut last month

Read the original here: Powerhouse Ventures makes two new investments

from
http://lydiamarshall92.tumblr.com/post/152569462498

Saturday, 29 October 2016

Dr Hong Sheng Chiong, oDocs – A lesson in entrepreneurial vision

Pumpkin Patch receivers to close seven stores, laying off 57 staff

The receivers of failed retail chain Pumpkin Patch will close seven stores over the next week-and-a-half with 57 staff to lose their jobs.

KordaMentha’s Neale Jackson and Brendon Gibson were appointed by the retailer’s lender - ANZ Bank New Zealand - on Wednesday after Pumpkin Patch failed to convince the bank to let it keep trading, and immediately signalled store closures and job losses were likely. The receiver today said stores in Ponsonby, Takapuna, Henderson, Te Rapa, Wanganui, Hornby, and a Charlie’s & Me site at Coastlands will be shut by Nov. 8, with 57 jobs lost.

Read the original here: Pumpkin Patch receivers to close seven stores, laying off 57 staff

from
http://lydiamarshall92.tumblr.com/post/152459767613

Luxon mortified at almost killing living national treasure

Air New Zealand boss replies to Sir Bob Jones’ allegation.

Read the original here: Luxon mortified at almost killing living national treasure

from
http://lydiamarshall92.tumblr.com/post/152459767533

Cathay Pacific lands first scheduled A350 service at Auckland Airport

New Zealand is one of the first destinations for the next-generation Airbus widebodied jetliners.

Read the original here: Cathay Pacific lands first scheduled A350 service at Auckland Airport

from
http://lydiamarshall92.tumblr.com/post/152459767423

KiwiRail sees some green shoots in outlook

“Above-the-rail” business anticipates “wall of wood”, increasing coal volumes in coming year.

Read the original here: KiwiRail sees some green shoots in outlook

from
http://lydiamarshall92.tumblr.com/post/152459767193

MARKET CLOSE: NZ shares drop; TradeMe, A2 Milk fall while Summerset, Intueri gain

The S&P/NZX50 Index dropped 13.31 points, or 0.2 percent, to 6,928.64. Within the index, 18 shares rose, 17 fell and 16 were unchanged.

Read the original here: MARKET CLOSE: NZ shares drop; TradeMe, A2 Milk fall while Summerset, Intueri gain

from
http://lydiamarshall92.tumblr.com/post/152459767498

Management: Let workplaces show power of diversity

Employers can play an important role in welcoming migrants to their new home.

Read the original here: Management: Let workplaces show power of diversity

from
http://lydiamarshall92.tumblr.com/post/152459767383

Salt backs attempted coup at NPT

Auckland fund manager says it wants to create a $500 million property company.

Read the original here: Salt backs attempted coup at NPT

from
http://lydiamarshall92.tumblr.com/post/152459767323

Low price focus sees 1.9% lift in Countdown sales

Christmas trading will be crucial to Aussie parent Woolworths’ 2017 financial performance.

Read the original here: Low price focus sees 1.9% lift in Countdown sales

from
http://lydiamarshall92.tumblr.com/post/152459767113

Meridian CEO Mark Binns hopes Tiwai smelter will stay 'but not at any cost'

From January 1, Meridian gets a price increase under the refreshed contract it negotiated last year with the smelter’s owner, NZ Aluminium Smelters, majority-owned by Rio Tinto.

Read the original here: Meridian CEO Mark Binns hopes Tiwai smelter will stay ‘but not at any cost’

from
http://lydiamarshall92.tumblr.com/post/152459767083

Where’s your head at?

Thursday, 27 October 2016

Mercer says collapsed Fonterra silo could cost as much as $45m

Shares drop 35%.

Read the original here: Mercer says collapsed Fonterra silo could cost as much as $45m

from
http://lydiamarshall92.tumblr.com/post/152401226673

Fonterra assesses impact of big drop in milk production on future sales

Daily milk volumes across the central and upper North Island were down significantly in the early part of October due to the impact of wetter than normal spring weather and this has continued.

Read the original here: Fonterra assesses impact of big drop in milk production on future sales

from
http://lydiamarshall92.tumblr.com/post/152401226068

Small ISP lobby group give thumbs up to $150m rural broadband tender

Ominous signs for Chorus.

Read the original here: Small ISP lobby group give thumbs up to $150m rural broadband tender

from
http://lydiamarshall92.tumblr.com/post/152401226358

AWF Madison sees growth in tight labour market

The country’s largest contract labour company, lifted first-half profit 15%

Read the original here: AWF Madison sees growth in tight labour market

from
http://lydiamarshall92.tumblr.com/post/152401226188

While you were sleeping: UPDATED Bond selloff hits US stocks

Bonds yields rose as sellers hit the market.

Read the original here: While you were sleeping: UPDATED Bond selloff hits US stocks

from
http://lydiamarshall92.tumblr.com/post/152401226503

Privacy Commissioner, Police Conduct Authority want changes to vetting system

Many job applicants don’t understand want they’re getting into when they submit to a police background check, Edwards says.

Read the original here: Privacy Commissioner, Police Conduct Authority want changes to vetting system

from
http://lydiamarshall92.tumblr.com/post/152401225733

On chasing elephants and crumbs at NZ Oil & Gas

New Zealand Oil & Gas chairman Rodger Finlay says his company will focus on getting the best out of its existing assets as well as pursuing much riskier ventures such as its Barque prospect.

Read the original here: On chasing elephants and crumbs at NZ Oil & Gas

from
http://lydiamarshall92.tumblr.com/post/152401225563

Intueri puts dive school up for sale, cuts earnings guidance

"The current financial outlook will require Intueri’s banking arrangements to be amended by the end of 2016 and Intueri is working closely with its bank to achieve this,“ it said.

Read the original here: Intueri puts dive school up for sale, cuts earnings guidance

from
http://lydiamarshall92.tumblr.com/post/152401225923

Chorus chairman challenges telcos on slow VDSL uptake

Oddly, there are 179,000 customers on the fast copper line-based VDSL broadband service versus around 400,000 subscribers to the slower ADSL service.

Read the original here: Chorus chairman challenges telcos on slow VDSL uptake

from
http://lydiamarshall92.tumblr.com/post/152401225193

Summerset expects annual earnings to rise as much as 46%

The company anticipates underlying profit of between $53 million and $55 million in calendar 2016, up from $37.8 million a year earlier,

Read the original here: Summerset expects annual earnings to rise as much as 46%

from
http://lydiamarshall92.tumblr.com/post/152401225388

Wednesday, 26 October 2016

MARKET CLOSE: NZ shares fall, following Aussie market

“The index is being dominated by the inflation data out of Australia today which was a bit stronger than expectations.”

Read the original here: MARKET CLOSE: NZ shares fall, following Aussie market

from
http://lydiamarshall92.tumblr.com/post/152345465628

Fonterra suspends Jiawai distribution agreement after milk powder fraud arrests

Jiawai had been an authorised distributor in China for Fonterra since March but the product was believed to have been onsold by a former Jiawai employee prior to any contact with the New Zealand company.

Read the original here: Fonterra suspends Jiawai distribution agreement after milk powder fraud arrests

from
http://lydiamarshall92.tumblr.com/post/152345465433

Pumpkin Patch receivers expected to target Christmas shoppers

UPDATED: Stand by for steep discounts for anyone looking for Christmas presents.

Read the original here: Pumpkin Patch receivers expected to target Christmas shoppers

from
http://lydiamarshall92.tumblr.com/post/152345465218

Landcorp Farming forecasts wider annual loss, no dividend

However, the forecast is based on Fonterra’s previous payout expectation, which it has since increased.

Read the original here: Landcorp Farming forecasts wider annual loss, no dividend

from
http://lydiamarshall92.tumblr.com/post/152345464853

Bosses warned to watch their backs

Survey shows only 11% of CFos are satisfied in their current role.

Read the original here: Bosses warned to watch their backs

from
http://lydiamarshall92.tumblr.com/post/152345464558

Abano’s major shareholder unsuccessfully opposed chairman’s re-election

Abano’s major shareholder is maintaining its long-standing feud with the company dating back to its failed takeover attempt in 2013.

Read the original here: Abano’s major shareholder unsuccessfully opposed chairman’s re-election

from
http://lydiamarshall92.tumblr.com/post/152345464263

Editor's Insight: One man to rule them all in world of motoring

Renault-Nissan chief executive Carlos Ghosn brings Mitsubishi into his fold.

Read the original here: Editor’s Insight: One man to rule them all in world of motoring

from
http://lydiamarshall92.tumblr.com/post/152345463953

Restaurant Brands agrees to pay $US105m for Hawaiian fast-food chain

The Auckland-based company has offered $US105 million for Pacific Island Restaurants.

Read the original here: Restaurant Brands agrees to pay $US105m for Hawaiian fast-food chain

from
http://lydiamarshall92.tumblr.com/post/152345463678

While you were sleeping: UPDATED US stocks fall as earnings disappoint

US consumer confidence has weakened more than expected.

Read the original here: While you were sleeping: UPDATED US stocks fall as earnings disappoint

from
http://lydiamarshall92.tumblr.com/post/152345463378

Abano’s Australian dental business lifts margins but sales still falling

The sales decline of Abano Healthcare’s Australian dental business has accelerated in recent months but the company is working on a number of strategies to combat the soft economic conditions it’s facing.

Read the original here: Abano’s Australian dental business lifts margins but sales still falling

from
http://lydiamarshall92.tumblr.com/post/152345463203

Tuesday, 25 October 2016

MARKET CLOSE: NZ shares rise as Air NZ, Fletcher, Chorus bounce

Air New Zealand was the best performer, up 3.8 percent to $1.91, while Fletcher Building rose 3.2 percent to $10.21 and Chorus gained 2.2 percent to $3.76.

Read the original here: MARKET CLOSE: NZ shares rise as Air NZ, Fletcher, Chorus bounce

from
http://lydiamarshall92.tumblr.com/post/152286139398

What can we learn from Wynyard’s voluntary administration?

And who’s to blame.

Read the original here: What can we learn from Wynyard’s voluntary administration?

from
http://lydiamarshall92.tumblr.com/post/152286139333

NZ Police undecided on whether to buy back Wynyard software for $1

Wynyard’s insolvency is among the conditions that would trigger NZ Police’s right to buy back the intellectual property rights attached to the digital forensics product and any developments for $1.

Read the original here: NZ Police undecided on whether to buy back Wynyard software for $1

from
http://lydiamarshall92.tumblr.com/post/152286139228

Abano expects 50% lift in 2017 first-half profit on gains from dental acquisitions

Auckland-based Abano is investing in building its chain of dental businesses in a fragmented market, where it aims to capture 10% of the $11 billion of revenue.

Read the original here: Abano expects 50% lift in 2017 first-half profit on gains from dental acquisitions

from
http://lydiamarshall92.tumblr.com/post/152286139173

Wynyard ‘sad’ and ‘disappointing’

Shareholders react to news of software company’s administration

Read the original here: Wynyard ‘sad’ and ‘disappointing’

from
http://lydiamarshall92.tumblr.com/post/152286139108

Wynyard: classic governance failure – Hawkins

“It’s a pretty classic failure of governance with the company and a lack of control by the board of management extending back some time”

Read the original here: Wynyard: classic governance failure – Hawkins

from
http://lydiamarshall92.tumblr.com/post/152286139033

NZ export log prices firm in October

The average wharf gate price for New Zealand A-grade logs advanced to $113 a tonne in October, from $111 a tonne in September.

Read the original here: NZ export log prices firm in October

from
http://lydiamarshall92.tumblr.com/post/152286138938

Wynyard calls in administrators

Calling on Skipton loan, raising new debt or equity not “in the best interests of the company, its shareholders or other stakeholders,” Wynyard’s board says.

Read the original here: Wynyard calls in administrators

from
http://lydiamarshall92.tumblr.com/post/152286138893

Bapcor holding fire after mailing Hellaby offer documents

The Australia-based automotive business is offering $322.5 million for Hellaby.

Read the original here: Bapcor holding fire after mailing Hellaby offer documents

from
http://lydiamarshall92.tumblr.com/post/152286138738

Bitter family fallout over $4m Hawke’s Bay farm

Farm got into financial difficulties so the parents tried to sell it.

Read the original here: Bitter family fallout over $4m Hawke’s Bay farm

from
http://lydiamarshall92.tumblr.com/post/152286138593

Sunday, 23 October 2016

Comvita share placement lifts Chinese investor's stake to 9%

China Resources Ng Fung will stock the NZ honey maker’s product in 4000 supermarkets belong to affiliated retailers.

Read the original here: Comvita share placement lifts Chinese investor’s stake to 9%

from
http://lydiamarshall92.tumblr.com/post/152225843943

Heartland: Extreme weather tests dairy’s best

Top farmers get benefits from the use of supplements and shelters to protect water-sodden pastures.

Read the original here: Heartland: Extreme weather tests dairy’s best

from
http://lydiamarshall92.tumblr.com/post/152225843778

Saturday, 22 October 2016

Carry on: Singapore gets 10,000th Airbus, China Southern's B787-9 order and more

Business travel news also includes the new Qantas International lounge at Brisbane Airport and the best and worst airports for sleeping.

Read the original here: Carry on: Singapore gets 10,000th Airbus, China Southern’s B787-9 order and more

from
http://lydiamarshall92.tumblr.com/post/152169739153

OPINION: Self-regulation just creates a closed shop

Paul Goldsmith’s attempt to reform the insolvency industry has been captured by a basket of deplorables. With VIDEO.

Read the original here: OPINION: Self-regulation just creates a closed shop

from
http://lydiamarshall92.tumblr.com/post/152169738733

Shoeshine: Mainfreight’s 100-year view only a small short-term drag

It’s unlikely that Mainfreight founder and chairman Bruce Plested loses much sleep when his company’s shares periodically underperform the market.

Read the original here: Shoeshine: Mainfreight’s 100-year view only a small short-term drag

from
http://lydiamarshall92.tumblr.com/post/152169738938

SkyCity’s awkward Chinese problem

The gambling company is making lots of money from Chinese high rollers but the arrest of a rival’s staff in China throws a cloud over the business.

Read the original here: SkyCity’s awkward Chinese problem

from
http://lydiamarshall92.tumblr.com/post/152169738413

Friday, 21 October 2016

MARKET CLOSE: NZ shares dragged lower by SkyCity; Orion, Air NZ rise

SkyCity fell 11.9 percent to $3.76, a one-year low.

Read the original here: MARKET CLOSE: NZ shares dragged lower by SkyCity; Orion, Air NZ rise

from
http://lydiamarshall92.tumblr.com/post/152111050728

Seeka predicts increased annual profit in 2016, reduces fruit loss

Seeka is predicting net profit of between $7 million and $8 million for the year ending December 31, from $4.3 million in 2015

Read the original here: Seeka predicts increased annual profit in 2016, reduces fruit loss

from
http://lydiamarshall92.tumblr.com/post/152111049868

Zespri's latest forecast holds profit steady; Gold returns dip

Kiwifruit marketer Zespri has reiterated its forecast profit range for the 2017 financial year of between $66 million to $71 million.

Read the original here: Zespri’s latest forecast holds profit steady; Gold returns dip

from
http://lydiamarshall92.tumblr.com/post/152111047848

Guy removes Fonterra raw milk access requirements for big exporters

But the government has backed off its intention to also reduce the volume of raw milk Fonterra has to make available to other processors by 60% over three years.

Read the original here: Guy removes Fonterra raw milk access requirements for big exporters

from
http://lydiamarshall92.tumblr.com/post/152111045818

Share price and shareholders rain on SkyCity’s parade

Stinging criticism from customers at the annual meeting adds to impact of share price slump after disappointing quarterly update

Read the original here: Share price and shareholders rain on SkyCity’s parade

from
http://lydiamarshall92.tumblr.com/post/152111045728

Fire sale recommended for Pumpkin Patch

Analyst: “It’s going to be very tough to get a recovery position from this, to be honest.“ With special feature audio.

Read the original here: Fire sale recommended for Pumpkin Patch

from
http://lydiamarshall92.tumblr.com/post/152111045523

Fonterra farmer directors Malcolm Bailey, Ian Farrelly retire

Bailey and Farrelly were “dedicated and experienced directors who shared a strong commitment to co-operative principles and the business’ strategy of converting more milk into higher-value products.”

Read the original here: Fonterra farmer directors Malcolm Bailey, Ian Farrelly retire

from
http://lydiamarshall92.tumblr.com/post/152111045348

Red meat lobby group throws in the towel after bitter battle with Beef & Lamb

Meat Industry Excellence has conceded defeat after its latest skirmish.

Read the original here: Red meat lobby group throws in the towel after bitter battle with Beef & Lamb

from
http://lydiamarshall92.tumblr.com/post/152111045243

Sky City shares drop to year-low as first quarter revenue declines

At its largest complex in Auckland, revenue fell 1% $134 million as weaker gaming revenue offset growth in non-gaming revenue.

Read the original here: Sky City shares drop to year-low as first quarter revenue declines

from
http://lydiamarshall92.tumblr.com/post/152111044433

SalesStar Sales Blog

Sky TV AGM takes on a valedictory tone

Chief executive John Fellet expresses confidence in the company’s future, reflects on highs and lows of past 25 years.

Read the original here: Sky TV AGM takes on a valedictory tone

from
http://lydiamarshall92.tumblr.com/post/152111040973

Wednesday, 19 October 2016

MARKET CLOSE: NZ shares flat, TradeMe and Infratil fall while Metro Glass gains

The S&P/NZX50 dropped 2.76 points, or 0.04 percent, to 6,973.78. Within the index, 24 stocks rose, 18 fell and eight were unchanged. Turnover was $158.9 million.

Read the original here: MARKET CLOSE: NZ shares flat, TradeMe and Infratil fall while Metro Glass gains

from
http://lydiamarshall92.tumblr.com/post/152060201508

Skipton's Wynyard stake subject to heavy writedown, change in accounting treatment in recent filing

As of the balance date for Skipton’s accounts, Wynyard’s shares traded at 65 cents, with Skipton holding 17.7 percent of the stock. They’ve since fallen to 21.5 cents.

Read the original here: Skipton’s Wynyard stake subject to heavy writedown, change in accounting treatment in recent filing

from
http://lydiamarshall92.tumblr.com/post/152060201253

Shanghai Maling quizzed about historic melamine scandal, luncheon meat recall, papers show

The officials didn’t deduct any points for the melamine contamination, which hurt most big Chinese dairy companies.

Read the original here: Shanghai Maling quizzed about historic melamine scandal, luncheon meat recall, papers show

from
http://lydiamarshall92.tumblr.com/post/152060201023

Auckland Airport's directors get a pay rise

Shareholders updated on the airport’s progress at annual meeting today. With special feature audio.

Read the original here: Auckland Airport’s directors get a pay rise

from
http://lydiamarshall92.tumblr.com/post/152060200843

Auckland Airport's job skills hub extended to other local companies

The programme has provided training opportunities for 1000 people and placed 135 people into jobs.

Read the original here: Auckland Airport’s job skills hub extended to other local companies

from
http://lydiamarshall92.tumblr.com/post/152060200523

Mercer Group shares at record low; outlook uncertain

Company faces questions about its products after one of its stainless steel silos collapsed.

Read the original here: Mercer Group shares at record low; outlook uncertain

from
http://lydiamarshall92.tumblr.com/post/152060200243

Small container ships expected to keep servicing small NZ ports

The abundant global supply of small container ships is likely to mean they will continue to service a range of smaller New Zealand ports “for the foreseeable future”

Read the original here: Small container ships expected to keep servicing small NZ ports

from
http://lydiamarshall92.tumblr.com/post/152060200033

Low-alcohol wine project sends first exports to Australia

New Zealand aims to be a world leader in lifestyle wines aimed at health-conscious consumers.

Read the original here: Low-alcohol wine project sends first exports to Australia

from
http://lydiamarshall92.tumblr.com/post/152060199813

Private equity fund managers should take lead in innovation investment – Ferris

By 2020, leading general partners who manage venture capital funds will have directors of innovation, predicts an Australian expert

Read the original here: Private equity fund managers should take lead in innovation investment – Ferris

from
http://lydiamarshall92.tumblr.com/post/152060199623

Wynyard extends trading halt, seeks to tap facility for working capital

Wynyard Group is looking into how it can tap a stand-by loan facility agreed in August with major shareholder Skipton Building Society.

Read the original here: Wynyard extends trading halt, seeks to tap facility for working capital

from
http://lydiamarshall92.tumblr.com/post/152060199303

Your entrepreneur vision is your biggest asset

Tuesday, 18 October 2016

While you were sleeping: UPDATED Strong earnings lift US stocks

Netflix led the gainers with a 19% share price rise.

Read the original here: While you were sleeping: UPDATED Strong earnings lift US stocks

from
http://lydiamarshall92.tumblr.com/post/151997858763

AWF Madison buys Absolute IT for $15.3m

AWF Madison Group, the country’s largest contract labour company, has bought IT recruitment group Absolute IT for $15.3 million.

Absolute IT had revenue of about $65 million in the year to March 2016, AWF said. The purchase price comprises an initial payment of $11.1 million and an earnout of $4.2 million tied to Absolute IT’s earnings in the year to November 2017. It will be adjusted based on the aggregate net assets of the business at completion, and is debt-funded, requiring no shareholder approval.

Read the original here: AWF Madison buys Absolute IT for $15.3m

from
http://lydiamarshall92.tumblr.com/post/151997858528

Dairy product prices rise with whole milk powder

GDT price index rises 1.4%.

Read the original here: Dairy product prices rise with whole milk powder

from
http://lydiamarshall92.tumblr.com/post/151997858313

Wife of A2 Milk director builds stake

The first trades took place on October 3.

Read the original here: Wife of A2 Milk director builds stake

from
http://lydiamarshall92.tumblr.com/post/151997857958

MARKET CLOSE: NZX50 falls below 7,000; Summerset, Genesis, Fletcher Building lead decline

The index has now fallen 7.89 percent from a high of 7,571.10 on Sept. 7.

Read the original here: MARKET CLOSE: NZX50 falls below 7,000; Summerset, Genesis, Fletcher Building lead decline

from
http://lydiamarshall92.tumblr.com/post/151997857683

Waterman Capital takes slice of My Food Bag

The company has revealed it is working toward an IPO within the next three years.

Read the original here: Waterman Capital takes slice of My Food Bag

from
http://lydiamarshall92.tumblr.com/post/151997857493

Tourism Holdings says 2017 profit may rise as much as 17%

profit is expected to rise to $9.5 million from $8.2 million a year earlier.

Read the original here: Tourism Holdings says 2017 profit may rise as much as 17%

from
http://lydiamarshall92.tumblr.com/post/151997857298

One analyst bullish on Xero, another wary

Different perspectives on the key US market as half-year result looms.

Read the original here: One analyst bullish on Xero, another wary

from
http://lydiamarshall92.tumblr.com/post/151997857013

Fletcher Building lifts planned spending on land

The company also maintains its forecast for 2017 operating earnings.

Read the original here: Fletcher Building lifts planned spending on land

from
http://lydiamarshall92.tumblr.com/post/151997856718

PGG Wrightson's annual operating earnings likely to fall

PGG Wrightson expects operating earnings to decline amid weakness in some of the key agricultural commodity markets it has exposure to.

Read the original here: PGG Wrightson’s annual operating earnings likely to fall

from
http://lydiamarshall92.tumblr.com/post/151997856428

Monday, 17 October 2016

MARKET CLOSE: NZ shares fall, led lower by SkyCity, Orion, F&P Healthcare

New Zealand shares fell, with SkyCity Entertainment Group and Orion Health Group dropping.

Read the original here: MARKET CLOSE: NZ shares fall, led lower by SkyCity, Orion, F&P Healthcare

from
http://lydiamarshall92.tumblr.com/post/151931782138

Airwork appoints Grant Samuel to examine takeover offer

The NZX-listed specialist aviation company is subject to a takeover bid from China’s Zhejiang Rifa Holdings.

Read the original here: Airwork appoints Grant Samuel to examine takeover offer

from
http://lydiamarshall92.tumblr.com/post/151931781763

Gaynor unaware of Milford’s direct share trading, court hears

Alleged market manipulator Mark Warminger questioned on extent of the firm’s oversight

Read the original here: Gaynor unaware of Milford’s direct share trading, court hears

from
http://lydiamarshall92.tumblr.com/post/151931781913

Jade Software taps Sue Suckling as chairwoman

Jade expects to return to profitability before its 2017 target date.

Read the original here: Jade Software taps Sue Suckling as chairwoman

from
http://lydiamarshall92.tumblr.com/post/151931781588

SkyCity shares dive following raids in China

Investors have reacted badly to a crackdown by Chinese authorities on marketing by foreign casinos.

Read the original here: SkyCity shares dive following raids in China

from
http://lydiamarshall92.tumblr.com/post/151931781373

Briefcase: Passing lawyers … Poaching from Russell McVeagh … Love Story, the Movie

A Love-lost tale, plus the big Aussie legal downturn.

Read the original here: Briefcase: Passing lawyers … Poaching from Russell McVeagh … Love Story, the Movie

from
http://lydiamarshall92.tumblr.com/post/151931781218

NZ service sector expands at slower pace in September

Large firms in the services sector experienced a contraction in September

Read the original here: NZ service sector expands at slower pace in September

from
http://lydiamarshall92.tumblr.com/post/151931780708

Kiwi hi-tech firms stay small too long, lack sales at scale: Market Measures

Too few of them are growing to a substantial size as they struggle to cost-effectively scale their sales and marketing.

Read the original here: Kiwi hi-tech firms stay small too long, lack sales at scale: Market Measures

from
http://lydiamarshall92.tumblr.com/post/151931781068

Futures signal whole milk powder prices will rise at this week's GDT

The price for whole milk powder is expected to rise at this week’s GlobalDairyTrade auction

Read the original here: Futures signal whole milk powder prices will rise at this week’s GDT

from
http://lydiamarshall92.tumblr.com/post/151931780838

Meridian teams up with small community-owned windfarm in Australia

A logical step for Meridian, says CEO.

Read the original here: Meridian teams up with small community-owned windfarm in Australia

from
http://lydiamarshall92.tumblr.com/post/151931780203

Friday, 14 October 2016

Social media analytics provide skewed view of customer needs, ex-Nike designer Jason Mayden says

Companies need to think about “problem-finding, not problem-solving” when designing a product.

Read the original here: Social media analytics provide skewed view of customer needs, ex-Nike designer Jason Mayden says

from
http://lydiamarshall92.tumblr.com/post/151824819828

MARKET CLOSE: NZ shares rise, Summerset, Air NZ and Steel & Tube gain

New Zealand shares rose slightly, led by Summerset Group Holdings and Air New Zealand, while Steel & Tube Holdings also gained.

Read the original here: MARKET CLOSE: NZ shares rise, Summerset, Air NZ and Steel & Tube gain

from
http://lydiamarshall92.tumblr.com/post/151824819618

Heartland pumps in $4m to Harmoney to boost stake

Heartland Bank, the NZX-listed lender, has lifted its stake in Harmoney Corp, injecting $4 million of new equity into the peer-to-peer lender.

Read the original here: Heartland pumps in $4m to Harmoney to boost stake

from
http://lydiamarshall92.tumblr.com/post/151824819388

Stonewood Homes targets South Auckland with Don Ha partnership

Stonewood Homes is tapping ex-bankrupt property developer and real estate agent for South Auckland expertise.

Read the original here: Stonewood Homes targets South Auckland with Don Ha partnership

from
http://lydiamarshall92.tumblr.com/post/151824819208

Canada finds plenty to like in Kiwi agribusiness, property investments

The Canada New Zealand Business Council says the relationship between the two countries is at an all-time high.

Read the original here: Canada finds plenty to like in Kiwi agribusiness, property investments

from
http://lydiamarshall92.tumblr.com/post/151824819008

On the money: Brexit enters ‘phoney war’ stage

The UK’s formal notice of departure next March will be preceded by manoeuvring for position before the start of open hostilities.

Read the original here: On the money: Brexit enters ‘phoney war’ stage

from
http://lydiamarshall92.tumblr.com/post/151824818838

Hunter’s Corner: New Zealand investors let another one go

On August 5 a Boeing 737-400 on a flight from Paris attempted to land at Bergamo airport in Italy.

Read the original here: Hunter’s Corner: New Zealand investors let another one go

from
http://lydiamarshall92.tumblr.com/post/151824818658

NZ tourism boom lifts fortunes of Chateau Tongariro, Wairakei Resort

New Zealand’s booming tourism market is helping lift the fortunes of one of the country’s most iconic hotels, the Chateau Tongariro on Mt Ruapehu, with the company that owns it expecting to produce a profit for the first time in five years, and bolster earnings further next year.

Read the original here: NZ tourism boom lifts fortunes of Chateau Tongariro, Wairakei Resort

from
http://lydiamarshall92.tumblr.com/post/151824818393

Regulator encourages more transparency for Fonterra's off-GDT sales

The expansion of reference products is expected to add 4-5 cents per kilogram of milk solids to the price calculation and is expected to deliver a more accurate assessment.

Read the original here: Regulator encourages more transparency for Fonterra’s off-GDT sales

from
http://lydiamarshall92.tumblr.com/post/151824818238

Bell Gully confirms ‘incident’

Partner allegedly decided to enter a junior associate’s hotel room at a retreat.

Read the original here: Bell Gully confirms ‘incident’

from
http://lydiamarshall92.tumblr.com/post/151824817938

Thursday, 13 October 2016

Yoghurt Story fined for false claims

But the fine was reduced from $270,000 to $35,000.

Read the original here: Yoghurt Story fined for false claims

from
http://lydiamarshall92.tumblr.com/post/151768543048

NBR Special Investigation: Lifting the lid on the photocopier industry

Allegations of creative accounting at Fuji Xerox have serious implications for hundreds of businesses on both sides of tjhe Tasman, industry insiders say.

Read the original here: NBR Special Investigation: Lifting the lid on the photocopier industry

from
http://lydiamarshall92.tumblr.com/post/151768542863

Scott Technology lifts 2016 pre-tax profit 36%

The Dunedin-based company reported a 36% increase in pre-tax profit for the year ended August 31 while total revenue rose by 55% to $112 million.

Read the original here: Scott Technology lifts 2016 pre-tax profit 36%

from
http://lydiamarshall92.tumblr.com/post/151768542678

Why didn't Powerhouse' largest shareholder invest at IPO?

Instead, stake was diluted.

Read the original here: Why didn’t Powerhouse’ largest shareholder invest at IPO?

from
http://lydiamarshall92.tumblr.com/post/151768542538

Forbars ‘fishing’, Goldmans ‘shoddy’: Warminger

Fund manager challenges FMA view on his trading in Fisher & Paykel Healthcare

Read the original here: Forbars ‘fishing’, Goldmans ‘shoddy’: Warminger

from
http://lydiamarshall92.tumblr.com/post/151768542333

No motive for manipulation: Warminger

Fund manager couldn’t expect alleged market manipulation would produce better bonus, court hears

Read the original here: No motive for manipulation: Warminger

from
http://lydiamarshall92.tumblr.com/post/151768542168

Bitter battle between two airline catering companies

What’s the deal with airline food companies?

Read the original here: Bitter battle between two airline catering companies

from
http://lydiamarshall92.tumblr.com/post/151768541903

Food prices decline

Falling prices for chicken stem from expanded investment in farming operations.

Read the original here: Food prices decline

from
http://lydiamarshall92.tumblr.com/post/151768541238

$1.8 billion surplus, lower govt debt: English signals 'options' for election year

“In some ways it’s easier to manage deficits because you just say no,” the Finance Minister notes. “When you have surpluses you have more demands on you.”

Read the original here: $1.8 billion surplus, lower govt debt: English signals ‘options’ for election year

from
http://lydiamarshall92.tumblr.com/post/151768541473

NZ consumer confidence improves in October, pointing to strong economic growth

The ANZ-Roy Morgan consumer confidence index increased to 122.9 last month from 121 in September.

Read the original here: NZ consumer confidence improves in October, pointing to strong economic growth

from
http://lydiamarshall92.tumblr.com/post/151768541713

Wednesday, 12 October 2016

Mainfreight warns revenue levels 'less than expected'

Mainfreight estimates revenue will be between $1.15 billion and $1.17 billion in the six months to the end of September, compared to $1.11 billion in the same period a year earlier.

Read the original here: Mainfreight warns revenue levels ‘less than expected’

from
http://lydiamarshall92.tumblr.com/post/151712926038

Milford's Warminger given negative performance review after FMA inquiry - Gaynor

Mark Warminger is said to have had some personal issues at the time as his parents-in-law had come to New Zealand to live with him, the court heard.

Read the original here: Milford’s Warminger given negative performance review after FMA inquiry - Gaynor

from
http://lydiamarshall92.tumblr.com/post/151712925723

Fonterra shareholders approve new governance structure

Some 86% of farmer shareholders have thrown their support behind the changes.

Read the original here: Fonterra shareholders approve new governance structure

from
http://lydiamarshall92.tumblr.com/post/151712925438

Powerhouse shares drop after listing on ASX

This is despite the company releasing improved 2016 results. UPDATED with opening trading, CEO comments.

Read the original here: Powerhouse shares drop after listing on ASX

from
http://lydiamarshall92.tumblr.com/post/151712925188

NZ guest nights hit record in August amid tourism boom

National guest nights jumped 6.4% to 2.45 million.

Read the original here: NZ guest nights hit record in August amid tourism boom

from
http://lydiamarshall92.tumblr.com/post/151712924828

Contact turns focus toward debt reduction to support credit rating

“Strong cash flow of the business provides choices for the board”.

Read the original here: Contact turns focus toward debt reduction to support credit rating

from
http://lydiamarshall92.tumblr.com/post/151712924418

Pushpay maintains 2017 revenue and breakeven guidance on second quarter growth

Pushpay increased its total number of merchants to 5286 in the quarter, up 151.5% on the same period a year earlier.

Read the original here: Pushpay maintains 2017 revenue and breakeven guidance on second quarter growth

from
http://lydiamarshall92.tumblr.com/post/151712924163

While you were sleeping: UPDATED Stocks drop as Alcoa result falls short

Dow drops 200 points in a disappointing start to the third quarter reporting season.

Read the original here: While you were sleeping: UPDATED Stocks drop as Alcoa result falls short

from
http://lydiamarshall92.tumblr.com/post/151712923983

Straker buys Eurotext, talks IPO

PLUS: How the Auckland-based Straker can manage $20m revenue despite competition from the free Google Translate.

Read the original here: Straker buys Eurotext, talks IPO

from
http://lydiamarshall92.tumblr.com/post/151712923738

Strong year for M&A activity so far

There’s a “mini-boom" in our typically quiet takeovers market, lawyer says.

Read the original here: Strong year for M&A activity so far

from
http://lydiamarshall92.tumblr.com/post/151712923273

Cyfe All-In-One Online Business Dashboards

Tuesday, 11 October 2016

British supermarket giant shuns NZ lamb

Marks & Spencer says its Scotland stores will no longer buy any lamb from New Zealand.

Read the original here: British supermarket giant shuns NZ lamb

from
http://lydiamarshall92.tumblr.com/post/151659431028

Currency talk: The mysterious case of the plummeting pound

Join NZForex’s Mitchell McIntyre and NBR’s Jason Walls for Currency Talk. With special feature audio.

Read the original here: Currency talk: The mysterious case of the plummeting pound

from
http://lydiamarshall92.tumblr.com/post/151659430828

Stewart family emerges with substantial stake in SeaDragon

The company said it has raised $8.8 million.

Read the original here: Stewart family emerges with substantial stake in SeaDragon

from
http://lydiamarshall92.tumblr.com/post/151659430658

Student-led fund raises $500,000 to invest in young Kiwi entrepreneurs

First Cut raised $60,000 last year and invested in three start-ups.

Read the original here: Student-led fund raises $500,000 to invest in young Kiwi entrepreneurs

from
http://lydiamarshall92.tumblr.com/post/151659430513

Professional service firms paid $475k of $18 million Hanover Finance settlement

The balance of the settlement money held in a trust account is $5.1 million.

Read the original here: Professional service firms paid $475k of $18 million Hanover Finance settlement

from
http://lydiamarshall92.tumblr.com/post/151659430313

Nokia director shares Nobel economics prize for work on contract theory

A Briton and a Finn are recognised for their work on performance-pay deals and more.

Read the original here: Nokia director shares Nobel economics prize for work on contract theory

from
http://lydiamarshall92.tumblr.com/post/151659429828

Turners shares attractive - analyst

Turners could be worth significantly more if management successfully executes its roll-up strategy.

Read the original here: Turners shares attractive - analyst

from
http://lydiamarshall92.tumblr.com/post/151659429973

Dollar hits two-month low against greenback

The Dollar Index rose 0.3% after yesterday’s presidential debate.

Read the original here: Dollar hits two-month low against greenback

from
http://lydiamarshall92.tumblr.com/post/151659430153

Trans-Tasman Business Circle, Icehouse smooth way for entrepreneurs

Innovation Circle is a “dedicated platform for the sharing of ideas and knowledge transfer.

Read the original here: Trans-Tasman Business Circle, Icehouse smooth way for entrepreneurs

from
http://lydiamarshall92.tumblr.com/post/151659429563

Replicable and scalable is the enemy of bespoke and unique

While you were sleeping: UPDATED Oil boosts stocks as Russia backs cap

Oil producers outside OPEC could co-operate on output caps.

Read the original here: While you were sleeping: UPDATED Oil boosts stocks as Russia backs cap

from
http://lydiamarshall92.tumblr.com/post/151659429693

Monday, 10 October 2016

MARKET CLOSE: NZ shares drop for fifth session; Auckland Airport, Chorus, TradeMe fall

New Zealand shares dropped for the fifth consecutive session to a near-three-month low, led down by Auckland International Airport, Ryman Healthcare and Chorus.

Read the original here: MARKET CLOSE: NZ shares drop for fifth session; Auckland Airport, Chorus, TradeMe fall

from
http://lydiamarshall92.tumblr.com/post/151603683108

Serious Fraud Office taking a hard look at Fuji Xerox

An NBR investigation into New Zealand’s biggest copier company prompts serious questions from the SFO, and from Winston Peters.

Read the original here: Serious Fraud Office taking a hard look at Fuji Xerox

from
http://lydiamarshall92.tumblr.com/post/151603683028

Michael Hill delivers 6.8% sales growth in first quarter, looks ahead to Christmas

Group sales from all stores rose to $A120.2 million in the first quarter of Michael Hill’s financial year.

Read the original here: Michael Hill delivers 6.8% sales growth in first quarter, looks ahead to Christmas

from
http://lydiamarshall92.tumblr.com/post/151603682923

Sam Morgan poised to leave Trade Me board

But he will remain a shareholder in the company.

Read the original here: Sam Morgan poised to leave Trade Me board

from
http://lydiamarshall92.tumblr.com/post/151603682818

Warminger ‘set out to monster the market’

Expert witness in market manipulation case details trading in A2 Milk shares

Read the original here: Warminger ‘set out to monster the market’

from
http://lydiamarshall92.tumblr.com/post/151603682733

NZ lamb prices lift; weak demand likely to weigh on future returns

The average price from local meat processors lifted to $5.80/kg, from $5.68/kg in August and compared with $6.05/kg a year earlier.

Read the original here: NZ lamb prices lift; weak demand likely to weigh on future returns

from
http://lydiamarshall92.tumblr.com/post/151603682628

World Week Ahead: Third quarter earnings will set tone for Wall Street

Odds have also risen for a Fed funds rate rise in December.

Read the original here: World Week Ahead: Third quarter earnings will set tone for Wall Street

from
http://lydiamarshall92.tumblr.com/post/151603682533

This year's Sav Blancs storm back into favour at New World Wine Awards

The 2016 harvest of Sauvignon Blanc has impresses the judges.

Read the original here: This year’s Sav Blancs storm back into favour at New World Wine Awards

from
http://lydiamarshall92.tumblr.com/post/151603682468

Kiwi gains against pound after sterling 'flash crash'

Investors continue to weigh up the impact of the UK’s exit from the European Union.

Read the original here: Kiwi gains against pound after sterling ‘flash crash’

from
http://lydiamarshall92.tumblr.com/post/151603682378

Minority shareholders scoop up BeeBio in sweet deal

They acted quickly after insolvent Natural Health Products went into liquidation.

Read the original here: Minority shareholders scoop up BeeBio in sweet deal

from
http://lydiamarshall92.tumblr.com/post/151603682303

Friday, 7 October 2016

News Corp dumps NZME stake at 11% discount

Australian media giant News Corp has quit its stake in local media group NZME at a deep discount.

Read the original here: News Corp dumps NZME stake at 11% discount

from
http://lydiamarshall92.tumblr.com/post/151490200958

Lobby group calls for independent review of electricity pricing reforms

An independent external review and better processes are needed before the Electricity Authority proceeds with the latest reform, says a group of consumer trusts, businesses.

Read the original here: Lobby group calls for independent review of electricity pricing reforms

from
http://lydiamarshall92.tumblr.com/post/151490200608

MARKET CLOSE: NZ shares drop, Trade Me, Chorus, NZME fall

New Zealand shares fell for the fourth straight session today, led lower by Trade Me Group, Chorus and NZME as News Corp sold its stake in the local news provider at a deep discount.

The S&P/NZX50 Index dropped 29.47 points, or 0.4 percent, to 7167.82. Within the index, 29 stocks fell, 12 rose and nine were unchanged. Turnover was $140.3 million.

Read the original here: MARKET CLOSE: NZ shares drop, Trade Me, Chorus, NZME fall

from
http://lydiamarshall92.tumblr.com/post/151490200403

Five factors that will shape the global dairy recovery

Despite the dip in prices at the GDT, experts are convinced the rally in dairy prices is far from over.

Read the original here: Five factors that will shape the global dairy recovery

from
http://lydiamarshall92.tumblr.com/post/151490200823

Tech-based incubators get two years extra state funding; new accelerators announced

The government has extended funding for the three technology incubators for a further two years after a Ministry of Business review of the start-up eco-system.

Read the original here: Tech-based incubators get two years extra state funding; new accelerators announced

from
http://lydiamarshall92.tumblr.com/post/151490200238

NZ dollar heads for 2.1% weekly fall vs. USD ahead of jobs report

The New Zealand dollar is heading for a 2.1 percent weekly decline against the greenback in the lead-up to US employment data that will give investors another steer on whether the Federal Reserve will raise interest rates later this year.

The kiwi fell to 71.32 US cents at 5pm in Wellington from 72.81 cents on Friday in New York last week, and down from 71.67 cents yesterday. The trade-weighted index was heading for a 1.2 percent weekly decline to 76.32, down from 76.44 yesterday.

Read the original here: NZ dollar heads for 2.1% weekly fall vs. USD ahead of jobs report

from
http://lydiamarshall92.tumblr.com/post/151490200108

ACC’s annual report shines a small light on its equities strategies

Has ACC lightened its holdings in banks due to pending Kiwibank purchase?

Read the original here: ACC’s annual report shines a small light on its equities strategies

from
http://lydiamarshall92.tumblr.com/post/151490199928

Ngatata Love jailed for two years six months over $1.5m fraud

Justice Lang said Love was entitled to a 30% discount, or 18 months, for his historical contributions to Maoridom.

Read the original here: Ngatata Love jailed for two years six months over $1.5m fraud

from
http://lydiamarshall92.tumblr.com/post/151490199693

Defence questions alleged market manipulation motive

Trading in A2 shares may have been to psychologically minimise loss, says expert witness.

Read the original here: Defence questions alleged market manipulation motive

from
http://lydiamarshall92.tumblr.com/post/151490199498

NZ wool prices mixed amid weak, volatile demand

New Zealand wool prices were mixed at the latest weekly auction amid targeted buying, as demand remains soft so far this season.

The price for 25-micron merino wool at yesterday’s South Island auction advanced to $11.30 per kilogram from $11.20/kg at the previous comparable South Island auction two weeks ago, although it’s 7 percent below the same period last year, according to AgriHQ. Coarser mid-micron wool declined, with 29-micron wool sliding to $6.70/kg from $7.30/kg at the previous comparable auction, down 36 percent from last year’s level.

Read the original here: NZ wool prices mixed amid weak, volatile demand

from
http://lydiamarshall92.tumblr.com/post/151490199358

Thursday, 6 October 2016

Is Brash’s ‘Kiwi/iwi’ redux getting traction?

Result of NBR reader poll on whether Hobson’s Pledge campaign is on the money or beyond the pale.

Read the original here: Is Brash’s ‘Kiwi/iwi’ redux getting traction?

from
http://lydiamarshall92.tumblr.com/post/151433304983

Defence attacks credibility of expert witness

Counsel for Mark Warminger cross examines in market manipulation trial. With special feature audio.

Read the original here: Defence attacks credibility of expert witness

from
http://lydiamarshall92.tumblr.com/post/151433304898

Mixed reaction to Tim Bennett's departure

Reshaping NZX has not been easy. But was Mr Bennett handed a hospital pass? NBR subscribers have their say.

Read the original here: Mixed reaction to Tim Bennett’s departure

from
http://lydiamarshall92.tumblr.com/post/151433304753

Housing market plays bigger role as retirement village operators take on more debt, FNZC report says

Increasing debt being taken on by some retirement village operators makes the state of the housing market a more important factor for investors to consider.

Read the original here: Housing market plays bigger role as retirement village operators take on more debt, FNZC report says

from
http://lydiamarshall92.tumblr.com/post/151433304638

Sir Ron Brierley's Mercantile crosses 90% threshold in Wellington Merchants takeover

Sir Ron Brierley’s Mercantile NZ has crossed the 90% threshold in its takeover bid for Wellington Merchants, formerly known as Kirkcaldie & Stains, triggering provisions to mop-up the remaining shares.

Read the original here: Sir Ron Brierley’s Mercantile crosses 90% threshold in Wellington Merchants takeover

from
http://lydiamarshall92.tumblr.com/post/151433304513

NZ Super Fund’s net profit shrinks to a shadow of last year as tax bill swells

The taxman got the lion’s share of the NZ Superannuation Fund’s earnings this year, even though it was a relatively poor year.

Read the original here: NZ Super Fund’s net profit shrinks to a shadow of last year as tax bill swells

from
http://lydiamarshall92.tumblr.com/post/151433304398

Eroad shares bounce higher after company says stock price didn't reflect its value

Shares in Eroad bounced from a record low after the logistics and fleet management company said its stock price didn’t reflect the underlying value of the business.

Read the original here: Eroad shares bounce higher after company says stock price didn’t reflect its value

from
http://lydiamarshall92.tumblr.com/post/151433304288