Lydia Marshall's Blog: May 2016

By holding its dividend steady, Hellaby Holdings’ board wants to signal that the low level of work at Contract Resources is abnormal. With special feature audio.

Read the original here: Hellaby to continue to pay out more in dividends than it earns

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NZ business confidence rises in May, construction sector upbeat

A net 11% of firms surveyed in the ANZ Business Outlook in May were upbeat about the economy’s prospects for the year ahead.

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Monday, 30 May 2016

MARKET CLOSE: NZ shares hit record, Air NZ and Tower gain, Steel & Tube slides

The S&P/NZX 50 Index rose 27.09 points, or 0.4 percent, to 7,019.64.

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NZ dollar falls as ascendant greenback fanned by rate-hike talk

The kiwi fell to 66.84 US cents as at 5pm in Wellington,.

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Air New Zealand cancels two regional routes blaming low demand

The airline said the two routes didn’t have sufficient demand to sustain a 50-seat service.

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Sharemilkers, pressured by low prices, are least happy with their bank, survey shows

The survey shows that while 81% of all farmers said they were either “very satisfied” or “satisfied” with their bank.

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Major investor Devon slashes stake in Tower Insurance

Devon Funds Management has reduced its holding to 13.1 million shares.

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Tiwai Point smelter's earnings plunge in second half of financial year

The international benchmark price of aluminium averaged $US1661 a tonne in 2015.

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Ecoman exits Ecostore

Interests sold to wealthy investor Peter Kraus.

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Sealegs turns corner with annual profit after years of loss

The company had spread itself too thin for too long. With special feature audio.

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Airways NZ sets pace for SOEs to generate more business with lower pricing

Air traffic control agency moves from supplier to demand generator.

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Speirs Group calls special meeting to vote on Unlisted move as NZAX winds down

Shareholders of the food company will consider two resolutions at a special meeting in Palmerston North on June 27.

Read the original here: Speirs Group calls special meeting to vote on Unlisted move as NZAX winds down

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Friday, 27 May 2016

Manage Your Site Without Affecting Your Analytics

Read the original here: Manage Your Site Without Affecting Your Analytics

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NZ dollar gains as Fed rate hike timing weighed, poll shows Brexit has chance

The kiwi rose to 67.44 US cents as at 5pm in Wellington.

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MARKET CLOSE: NZX 50 rises to record; F&P Healthcare result adds to upbeat NZ Inc sentiment

The S&P/NZX 50 Index gained 44.66 points, or 0.6 percent, to 6,992.5.

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Wool prices decline as buyers favour South Island wools; lamb wool leads fall

The coarse crossbred wool indicator declined 1 percent from last week.

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Silver Fern shareholders to vote again on Shanghai Maling deal in July

The cooperative today set the meeting for July 11 in Dunedin where shareholders will vote on approving the proposed partnership and restructure.

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Right of Reply: Libraries defend their role in society

Auckland Libraries and LIANZA rebut “ignorant” op-ed discussing the modern library’s incoherence.

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Carry on: Kidman stars in Etihad VR, Singapore's A350s and more

Business travel news also includes Fiji-Jetstar link through Singapore.

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Saville's Utilico sells more Infratil shares, whittling stake down to 2.5%

Utilico Investments has continued to sell shares in infrastructure investment firm Infratil.

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Comvita seeks to build SeaDragon stake with $3m convertible loan

Comvita already holds a 13% stake in SeaDragon and has options that could lift that holding to between 25% and 31%.

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Westland one-ups Fonterra

Westland’s chief executive says he expects payouts to return to above $5kg/MS this time next year. With special feature audio.

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Strong result at F&P Healthcare as market share held steady

Strong growth means the company is hunting for another Mexican factory.

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Thursday, 26 May 2016

While you were sleeping: Wall St falls as two-day rally ends

Pre-holiday weekend trading volume was the second-lowest this year.

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F&P Healthcare annual profit jumps 27%

Net profit jumped 27% to a record $143.4 million in the year ended March 31.

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Expert urges support for new NZX milk futures contract

The contract will enable dairy farmers and others in the industry to manage their milk price risk. With special feature audio.

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Abano gains NZX waiver over sale of half stake in Bay International; deal unconditional

The healthcare investor has agreed to sell the stake in Bay International to interests associated with Peter Hutson for $32 million.

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Trilogy more than doubles annual profit on soaring sales, CS purchase

Net profit climbed to $9.4 million, or 15c a share, in the 12 months ended March 31.

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Kiwi shunted lower

The kiwi touched a low of 66.90 US cents overnight and was trading at 67.47 cents at 8am in Wellington.

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Claws out in trade mark fight over ‘Tigercat’

Caterpillar says Canadian company made application for trade mark in bad faith.

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‘Considerable’ interest in Air NZ’s Virgin stake: Branson

Virgin founder says several airlines made approaches over a deal.

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Shortfall of failed private arts school to be $1.1m

Documents reveal school appealed to Education Minister, asking for $300,000 over three years.

Read the original here: Shortfall of failed private arts school to be $1.1m

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Strong pipeline at Metro Glass as builds lag consents

‘One could argue this is as good as it gets in the building industry,’ says company head. With special feature audio.

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Wednesday, 25 May 2016

Fonterra’s milk price forecast ‘realistically conservative’ – chairman

John Wilson is still adamant the dairy market will recover in six months to a year. With special feature audio.

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King Country Energy attacks grid charge overhaul, warns prices will rise

Consumers in Auckland and the Far North of the North Island would face the biggest increase in costs.

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Energy Mad annual loss narrows as Australian sales surge

The net loss was $1.3 million in the year ended March 31.

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Sanford almost doubles first-half profit; shares rise to month high

Profit jumped to $18.8 million, or 20.1 cents per share, in the six months ended March 31.

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Fonterra's 2017 opening forecast below expectations; kiwi falls

UPDATED: Fonterra has been using its balance sheet to help keep farmers solvent as the slump in global milk prices continues.

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Trilogy buys 25% of Chile rosehip producer

Trilogy will pay $US2 million in cash and issue 2.6 million new shares.

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Metro Glass posts maiden profit

Net profit was $20.5 million in the 12 months ended March

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AWF Madison's full-year earnings fall on one-off restructuring costs

Rapid growth in debtors saw provisions for bad and doubtful debt double to about $600,000.

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Mainfreight's full year profit rises

Profit rose to $87.6 million, or 87.65c a share.

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Argosy lifts annual earnings 5% as portfolio shift drives up rental income

Argosy has been diversifying its portfolio outside Auckland.

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Tuesday, 24 May 2016

Supplier problems cost AFT Pharmaceuticals $A2m

Pharmaceuticals company is aiming for 60% of its revenue to be generated outside of Australia and New Zealand in five years’ time. With special feature audio.

Read the original here: Supplier problems cost AFT Pharmaceuticals $A2m

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Arvida scoops up another retirement village and produces bumper result

$20 million for new village, as Arvida more than doubles its IPO profit forecasts. With special feature audio.

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Z confident of $30m savings from Chevron acquisition

Z said it was confident in its previous guidance of between $25-30 million in savings once the companies are integrated.

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AFT posts loss that meets estimates in maiden result as Australian sales overtake NZ

Total revenue rose 14 percent to $64 million.

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Arvida posts underlying full-year profit that beats IPO forecast

Underlying profit was $15.8 million in the year ended March 31.

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About BlackBeech

$20 million for new village, as Arvida more than doubles its IPO profit forecasts. With special feature audio.

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FMA rejects complaints about Silver Fern vote

Information about co-op’s debt position was not misleading or deceptive, says regulator.

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Comvita to beef up honey supply in new joint venture

The companies have signed a memorandum of understanding to form a 50:50 joint venture, named Putake Group Holdings, which would develop a wholesale honey business in the South Island.

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Green Cross acquisitions drive 18% lift in annual profit

Net profit attributable to shareholders rose to $17 million, or 12.53 cents per share, in the 12 months ended March 31.

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NZ dollar gains

The local currency increased to 67.32USc at 8am in Wellington from 67.19USc yesterday.

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Powerco posts 1.6% gain in full-year earnings on customer growth

Operating profit rose to $253.3 million in the 12 months ended March 31.

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Weldon, Clear's former owners had 'battle of wills' after acquisition, witness says

There was a “battle of wills” over spending on the Clear Grain Exchange between former NZX chief Mark Weldon and the trading platform’s former owners.

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Editor’s Insight: Bayer bites bullet on GMOs in $US62bn Monsanto takeover bid

Global agri-businesses are consolidating their dominance. With special feature audio.

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Murray Horn resigns second board, Spark, on health grounds

Spark said Murray Horn’s planned retirement was being “brought forward by several months following recent ill-health, with today’s board meeting his last”.

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Rich Lister Rolleston parts company with Murray & Co

Murray & Co is selling its wealth management business to First NZ Capital.

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MARKET CLOSE: NZ shares drop, Tower and Air NZ fall, Kathmandu gains

The S&P/NZX 50 Index dropped 35.12 points, or 0.5 percent, to 6,872.65.

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NZ dollar drops as June rate-cut bets fade, RBA to stick with inflation target

The kiwi fell to 67.19 US cents as at 5pm in Wellington.

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Tower shares sink to two-month low

UPDATED: The shares fell as low as $1.64.

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PFI seeks boost for directors' fee pool, appoints Susan Peterson

The five-person board wants to raise the fee pool to $430,000 from the $327,500 currently available.

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Pyne Gould finally lodges 2015 annual report

The Guernsey-based long-term investor’s portfolio lost value last year due to fluctuations in the kiwi dollar.

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Vista expects 20-30% annual revenue growth, signals dividends

CEO Murray Holdaway said the board had three options for the expected excess cash the company will have at the end of this financial year.

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Monday, 23 May 2016

MARKET CLOSE: NZ stocks mixed in results season, Orion Health down while Comvita gains

The S&P/NZX50 Index dropped 2.09 points, or 0.03 percent, to 6,907.77.

Read the original here: MARKET CLOSE: NZ stocks mixed in results season, Orion Health down while Comvita gains

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Paul Newfield named new Morrison & Co CIO

Paul Newfield joined the business in 2008.

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NZ dollar gains as doubts emerge about Fed hike in June

The kiwi rose to 67.94 US cents as at 5pm in Wellington.

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Bay International silent partner to exit as Hutson buys out Abano

UPDATED: The Scott and Alison Wright Family Trust own 11% of Bay International.

Read the original here: Bay International silent partner to exit as Hutson buys out Abano

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Blis targets maiden profit, ending 16 years of losses, after more than doubling 2016 sales

The company reported a net loss of $816,000, or 0.07 cents per share, in the 12 months ended March 31.

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NZ Dollar Outlook: Kiwi may fall on US rate hike bets; Budget, milk forecast loom

The local currency may trade between 66.17 US cents and 68.80 cents this week.

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Evolve Education turns to full-year profit, misses prospectus target

Profit was $15.6 million in the 12 months ended March 31.

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Export log prices lift in May as weaker currency offsets higher shipping costs

The average wharf gate price for New Zealand A-grade logs edged up to $120 a tonne in May.

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Wynyard chairman resigns citing ill health

Murray Horn is also a director of Spark, whose board meets tomorrow

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Abano to sell stake in Bay International to Hutson interests

The transaction follows an unsolicited approach from an international hearing device manufacturer.

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Friday, 20 May 2016

MARKET CLOSE: NZ shares rise; Sky TV up while NZ Refining falls

The S&P/NZX 50 Index gained 6.24 points, or 0.09 percent, to 6,909.86.

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Thursday, 19 May 2016

NZ dollar rises as migration continues at record pace

The kiwi rose to 67.61 US cents from 67.31 cents late yesterday and is heading into the weekend little changed on the week.

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Air NZ has delivered 8.4% annual return to government since 2002 rescue, Treasury estimates

The Crown took an 82 percent stake in Air New Zealand at the start of 2002 to save a company reeling from its disastrous investment in Ansett Australia.

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UPDATE: NZX reviews airport share trading

Huge price swings as trades seen ‘jamming the close’.

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A2 gets 'please explain' as shares hit 5-month low, First NZ sees new rivals

The company said it continued to comply with continuous disclosure rules after NZX queried a 22 percent slump in the share price since May 17.

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Wellington Airport annual profit rises 29% on passenger growth

Profit rose to $12.5 million in the 12 months ended March 31.

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Questions over Morrison exit from SkyCity won’t go away

If mystery breeds speculation, then SkyCity is a fertile beast at the moment.

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Chevron NZ injects $14.3m to fully-fund wind-up of Caltex pension scheme

The Caltex New Zealand Ltd Staff Pension Plan financial statements, filed separately this month, show Chevron made a special contribution of $14.3 million.

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http://www.nbr.co.nz/article/chevron-nz-injects-143-mln-fully-fund-wind-caltex-pension-scheme-b-189300

Take the food myth test – PC style

I took it as self-evident that hungry people don’t have food. With special feature audio.

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Trump's hollow showmanship underpins diversity struggle

OPINION: I never thought Donald Trump would help me rally for anything but he’s achieved it for diversity.

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Carry on: Cruising’s biggest season, Asia budget alliance and more

Travel industry news also includes Virgin Australia's new international business class cabin and route news of the week. With special feature audio.

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http://www.nbr.co.nz/article/carry-cruising-biggest-season-asia-budget-alliance-and-more-ng-189186

Libraries are a lost, useless institution and it’s time to fix them

OPINION: I'm sure there's some cultural import to using 15 linear metres of shelf space for the collected works of Stephen King but I can't think what.

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NZ wool prices advance at auction as buyers favour South Island fibre

The coarse crossbred wool indicator advanced 3% from last week.

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http://www.nbr.co.nz/article/nz-wool-prices-advance-auction-buyers-favour-south-island-fibre-b-189295

Seafood NZ exposes role of 'anti-fishing' activist in dumping affair

A German academic alerted the organisation in April that she had a leaked government document on illegal dumping off the Canterbury coast.

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http://www.nbr.co.nz/article/seafood-nz-exposes-role-anti-fishing-activist-dumping-affair-ng-p-189290

Diving into the detail of Labour's planning laws proposals

A "major breakthrough" that in and of itself "doesn't really alter the outcome at all.” Including poll result and special audio feature.

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http://www.nbr.co.nz/article/diving-detail-labours-planning-laws-proposals-ng-p-189271

Ryman stock falls after Melbourne consent delays

Record year for Ryman but shareholders sell down. With special audio feature.

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http://www.nbr.co.nz/article/ryman-stock-falls-after-melbourne-consent-delays-cs-p-189287

NZ posts new migration, tourism records

New Zealand had net migration of 68,100 in the 12 months through April.

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http://www.nbr.co.nz/article/nz-posts-new-migration-tourism-records-b-189283

Ryman posts record full-year profit again, on strong demand, faster expansion

Underlying profit rose 16% to $157.7 million in the 12 months ended March 31.

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http://www.nbr.co.nz/article/ryman-posts-record-full-year-profit-again-strong-demand-faster-expansion-b-189274

NZ dollar hits three month high vs Aussie

The kiwi hit 93.86Ac and was trading at 93.31Ac at 8am in Wellington.

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http://www.nbr.co.nz/article/nz-dollar-hits-three-month-high-vs-aussie-b-189264

While you were sleeping: UPDATED Stocks fall as US hike prospects rise

The Dow's fall all but erases the index’s gains for the year.

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http://www.nbr.co.nz/article/while-you-were-sleeping-us-hike-prospects-rise-b-189258

Bomb suspected in downing of Egyptian airliner in Mediterranean

Officials say an aircraft malfunction at cruising altitude is unlikely.

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http://www.nbr.co.nz/article/bomb-blamed-downing-egyptian-airliner-mediterranean-ng-189257

READER POLL RESULT: Does Fonterra need a smaller board?

Farmer shareholders will be voting on shrinking the board next month.

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http://www.nbr.co.nz/article/reader-poll-result-does-fonterra-need-smaller-board-jw-p-189244

Airport share swing wipes $500m off value

Call for NZX inquiry after trades seen ‘jamming the close’.

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http://www.nbr.co.nz/article/airport-share-swing-wipes-500m-value-th-p-189253

MARKET CLOSE: NZ shares fall as greenback view spur offshore selling

The NZX 50 fell 79 points, or 1.1 percent, to 6903.63.

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http://www.nbr.co.nz/article/market-close-nz-shares-fall-greenback-view-spur-offshore-selling-b-189254

Wednesday, 18 May 2016

NZ dollar falls as Fed minutes point to June rate hike, driving up greenback

The kiwi fell to 67.30 US cents at 5pm in Wellington from 67.90 cents late yesterday.

from
http://www.nbr.co.nz/article/nz-dollar-falls-fed-minutes-point-june-rate-hike-driving-greenback-b-189252

Fulton Hogan boss Nick Miller resigns

The company has kicked off a search for a replacement.

from
http://www.nbr.co.nz/article/fulton-hogan-boss-nick-miller-resigns-b-189246

MPI appoints QC to look into its own fishing investigations

Mediaworks on Wednesday reported that MPI had carried out two operations, Operation Achilles and Operation Hippocamp.

from
http://www.nbr.co.nz/article/mpi-appoints-qc-look-its-own-fishing-investigations-b-189224

Warm weather could prompt another Kathmandu take-over attempt

What did Rod Duke tell shareholders at Briscoe Group's annual meeting? With special audio feature.

from
http://www.nbr.co.nz/article/warm-weather-could-prompt-another-kathmandu-take-over-attempt-cs-p-189199

More public money for irrigation – and aquifer recharge experiment

The latest $6.5 million cheque follows several tranches of similar amounts of taxpayer funds to Central Plains Water.

from
http://www.nbr.co.nz/article/more-public-money-irrigation-and-aquifer-recharge-experiment-ch-p-189185

While you were sleeping: UPDATED Stocks stall as June hike looks likely

US Federal Reserve minutes boost financials and the greenback.

from
http://www.nbr.co.nz/article/while-you-were-sleeping-june-hike-possible-b-189168

Broker commission fees here to stay: Intueri

Government funding review holds no fear for Australian subsidiary, CEO says. With special feature audio.

from
http://www.nbr.co.nz/article/broker-commission-fees-here-stay-intueri-th-p-189164

Dollar falls as greenback surges on possible Fed June rate hike

US dollar index jumps to its highest in five weeks.

from
http://www.nbr.co.nz/article/nz-dollar-falls-greenback-surges-fed-minutes-pointing-june-rate-hike-b-189171

TrustPower will 'vigorously' fight loss of revenue from TPM proposal

Trustpower's annual revenue includes about $25 million of avoided cost of transmission payments.

from
http://www.nbr.co.nz/article/trustpower-would-vigorously-fight-loss-revenue-tpm-proposal-b-189157

What to look for in Ryman's results

Will the steady performer meet its own growth targets? Analysts weigh in.

from
http://www.nbr.co.nz/article/what-look-rymans-results-cs-p-189160

MARKET CLOSE: NZ shares rise; Infratil, Heartland gain on earnings growth

The NZX 50 rose 7.77 points, or 0.1 percent, to 6982.64.

from
http://www.nbr.co.nz/article/market-close-nz-shares-rise-infratil-heartland-gain-earnings-growth-b-189163

NZ dollar falls as risk sentiment falters as geopolitical concerns in focus

The kiwi fell to 67.92 US cents as at 5pm in Wellington.

from
http://www.nbr.co.nz/article/nz-dollar-falls-risk-sentiment-falters-geopolitical-concerns-focus-b-189161

Tuesday, 17 May 2016

Trilogy asked to explain 50c jump in share price in four days

The value of shares in Trilogy has risen from a market low of $3.50 on May 13 to a high of $4.00 at 13:26 on May 18.

from
http://www.nbr.co.nz/article/trilogy-asked-explain-50c-jump-share-price-four-days-b-189153

Fonterra likely to lift farmer milk payments next season, analysts say

Estimates for Fonterra's payout for the upcoming season range between $4.43/kgMS and $6/kgMS.

from
http://www.nbr.co.nz/article/fonterra-likely-lift-farmer-milk-payments-next-season-analysts-say-b-189144

Editor’s Insight: Voters v economists: Who’s telling the truth about the economy?

Two-thirds of American voters don't think they are better off today than in the 1960s or 1980s. With special feature audio.

from
http://www.nbr.co.nz/opinion/editor-insight-voters-v-economists-who-telling-truth-about-economy-ng

Intueri directors halve their fees as SFO and TEC investigations icontinue

The savings from the director fee cut will only amount to around $200,000 a year.

from
http://www.nbr.co.nz/article/intueri-directors-halve-their-fees-sfo-and-tec-investigations-icontinue-b-189142

Dairy price rally good news for Fonterra ahead of setting payout

This morning’s rise in dairy prices at the GDT increases the likelihood Fonterra’s next season payout will lift. With special feature audio.

from
http://www.nbr.co.nz/article/dairy-price-rally-good-news-fonterra-ahead-setting-payout-jw-p-189140

Infratil investors watch $1b war chest

UPDATED: The company is sitting on cash of almost $730 million and unused credit lines of about $270 million.

from
http://www.nbr.co.nz/article/update-infratil-investors-watch-1b-war-chest-b-189141

Infratil annual earnings rise 2.5% on bigger contribution from retirement village units

Underlying earnings from ebitdaf rose to $462.1 million in the 12 months ended March 31.

from
http://www.nbr.co.nz/article/infratil-annual-earnings-rise-25-bigger-contribution-retirement-village-units-b-189133

Steel & Tube cuts full-year guidance

The updated guidance is a downgrade from the forecast it gave in February.

from
http://www.nbr.co.nz/article/steel-tube-cuts-full-year-guidance-b-189127

Ravensdown announces early rebate, fertiliser price cut, and $6m new plant

The fertiliser cooperative will pay $21 a tonne is cash rebates to farmers three months earlier than usual. With special feature audio.

from
http://www.nbr.co.nz/article/ravensdown-announces-early-rebate-fertiliser-price-cut-and-6m-new-plant-ch-p-189109

NZ dollar holds steady as conflicting forces vie for attention

The kiwi was little changed at 68.10USc at 8am in Wellington.

from
http://www.nbr.co.nz/article/nz-dollar-holds-steady-conflicting-forces-vie-attention-b-189125

NZ dairy faces real test of competitiveness over next five years: Bill English

The industry has invested a lot of money in stainless steel to process growing milk volumes.

from
http://www.nbr.co.nz/article/nz-dairy-faces-real-test-competitiveness-over-next-five-years-bill-english-b-189115

While you were sleeping: UPDATED Rate hike signal sends stocks tumbling

The Fed could lift rates as early as its next meeting in June.

from
http://www.nbr.co.nz/article/while-you-were-sleeping-data-fed-officials-signal-hike-b-189123

Regulators concerned about poor-quality directors on listed boards

Small pool of experienced directors and more young companies listing.

from
http://www.nbr.co.nz/article/regulators-concerned-about-poor-quality-directors-listed-boards-cs-p-189102

Nigel Morrison’s SkyCity golden parachute may top $5m

Rise in corporate expenses attributed to former CEO's surprise exit.

from
http://www.nbr.co.nz/article/nigel-morrison-skycity-golden-parachute-may-top-5m-db-p-189116

Dairy prices back on the up

Gains exceed expectations in GlobalDairyTrade auction overnight.

from
http://www.nbr.co.nz/article/dairy-prices-back-b-189122

Monday, 16 May 2016

Sky to raise prices despite falling subscriber numbers

The monthly price of Sky Basic will rise by $0.69 to $49.91.

from
http://www.nbr.co.nz/article/sky-raise-prices-despite-falling-subscriber-numbers-b-189118

MARKET CLOSE: NZX 50 hits record; Meridian up on transmission charges, Ryman at all-time high

The NZX 50 rose 60.74 points, or 0.9 percent, 6974.8.

from
http://www.nbr.co.nz/article/market-close-nzx-50-hits-record-meridian-transmission-charges-ryman-all-time-high-b-189117

NZ dollar tumbles vs Aussie after RBA minutes, extends slide on inflation outlook

The kiwi fell to 92.50 Australian cents as at 5pm in Wellington.

from
http://www.nbr.co.nz/article/nz-dollar-tumbles-vs-aussie-after-rba-minutes-extends-slide-inflation-outlook-b-189113

Shares in gold prospector New Talisman tumble on rights issue

Investors will be able to purchase three new shares at a price of 0.5 cents apiece for every ordinary share they hold as of May 23.

from
http://www.nbr.co.nz/article/shares-gold-prospector-new-talisman-tumble-rights-issue-b-189108

GlobalDairyTrade auction prices may be flat, OMF says

The July whole milk powder contract was the sole contract to trade yesterday, closing unchanged on 50 lots at US$2,280.

from
http://www.nbr.co.nz/article/globaldairytrade-auction-prices-may-be-flat-omf-says-b-189099

NZ primary sector needs story to sell globally, trade envoy Petersen says

Mike Petersen said he has been "banging on" about this idea for some years without getting much traction.

from
http://www.nbr.co.nz/article/nz-primary-sector-needs-story-sell-globally-trade-envoy-petersen-says-b-189096

Fonterra downsizes Studholme expansion 'for environmental reasons'

Should South Island milk volumes grow as expected in coming years, Fonterra will investigate other locations suitable for development.

from
http://www.nbr.co.nz/article/fonterra-downsizes-studholme-expansion-environmental-reasons-ch-p-189084

Meridian the big winner from pricing review

Shareholders in line for higher dividends, analyst says.

from
http://www.nbr.co.nz/article/meridian-big-winner-pricing-review-th-p-189092

Proposed grid-cost sharing regime would impose biggest increases in upper North Island

The authority released a consultation paper on transmission pricing that proposes replacing the current two main charges.

from
http://www.nbr.co.nz/article/proposed-grid-cost-sharing-regime-would-impose-biggest-increases-upper-north-island-b-189091

NZ Refining margin squeezed by hydrocracker shutdown and maintenance

The company's net refinery margin was $US1.84 a barrel in March/April.

from
http://www.nbr.co.nz/article/nz-refining-margin-squeezed-hydrocracker-shutdown-and-maintenance-b-189090

Fonterra shareholders to vote on governance changes next month

Fonterra Cooperative Group's farmer shareholders will vote next month on whether to accept governance changes.

from
http://www.nbr.co.nz/article/fonterra-shareholders-vote-governance-changes-next-month-b-189085

Quota management study flounders on fishy figures, says Seafood NZ

Sporting fishers support study; industry organisation says it's codswallop. With special feature audio.

from
http://www.nbr.co.nz/article/quota-management-study-flounders-fishy-figures-says-seafood-nz-ng-p-189083

NZ dollar gains as oil hits six-month highs

The kiwi increased to 67.87USc at 8am in Wellington.

from
http://www.nbr.co.nz/article/nz-dollar-gains-oil-hits-six-month-highs-b-189079

Editor's Insight: Overfishing study reignites debate over discarded catch

University of Auckland researchers question the management quota system. With special feature audio.

from
http://www.nbr.co.nz/opinion/editors-insight-overfishing-study-reignites-debate-over-discarded-catch-ng

While you were sleeping: Buffett sees Apple value

Apple stock seen as "stunningly cheap."

from
http://www.nbr.co.nz/article/while-you-were-sleeping-buffett-sees-apple-value-b-189075

MARKET CLOSE: NZ shares fall as SkyCity resumes trading after bookbuild; Xero gains

The S&P/NZX50 Index fell 2.45 points, or 0.04 percent, to 6914.12.

from
http://www.nbr.co.nz/article/market-close-nz-shares-fall-skycity-resumes-trading-after-bookbuild-xero-gains-b-189072

Sunday, 15 May 2016

NZ dollar little changed before inflation report that may yield RBNZ clues

The kiwi traded at 67.69 US cents as at 5pm in Wellington.

from
http://www.nbr.co.nz/article/nz-dollar-little-changed-inflation-report-may-yield-rbnz-clues-b-189069

NZ Dollar Outlook: Kiwi may decline as traders eye inflation outlook, dairy auction

The kiwi may trade between 65.70 US cents and 69.75 cents this week.

from
http://www.nbr.co.nz/article/nz-dollar-outlook-kiwi-may-decline-traders-eye-inflation-outlook-dairy-auction-b-189064

Agri-tech co-op mulls outside investment

Livestock Improvement plans national roadshow as dairy slump hits hard.

from
http://www.nbr.co.nz/article/agri-tech-co-op-mulls-outside-investment-th-p-189059

NZ still ‘stuck’ on value-add: Alan Bollard

This despite Fonterra adding more than 200 million litres of milk into “higher-earning” consumer foods in the first half of its financial year. With special feature audio.

from
http://www.nbr.co.nz/article/nz-still-stuck-value-add-alan-bollard-jw-p-189057

SkyCity raises $180m from share sale

The company said it sold about $180 million of shares to institutional investors as part of a capital raising last week.

from
http://www.nbr.co.nz/article/skycity-raises-180m-share-sale-b-189055

Jucy plans to expand pod-style hotel chain to Australia in 2017

The first of the pod-style Jucy Snooze hotels will open at Christchurch Airport in November.

from
http://www.nbr.co.nz/article/jucy-plans-expand-pod-style-hotel-chain-australia-2017-b-189053

Fonterra NZ, Australia milk collection drops in season to date

Milk collection across New Zealand fell 3.3% to 1.499 billion kilograms of milk solids in the season from June 1.

from
http://www.nbr.co.nz/article/fonterra-nz-australia-milk-collection-drops-season-date-b-189045

Will a sugar tax change behaviour?

OPINION: Consumers do not always reduce demand if prices rise.

from
http://www.nbr.co.nz/article/opinion-will-sugar-tax-change-behaviour-p-188999

NZ dollar weakens on softer Chinese data, upbeat US consumer reports

The kiwi declined to 67.53USc at 8am in Wellington.

from
http://www.nbr.co.nz/article/nz-dollar-weakens-softer-chinese-data-upbeat-us-consumer-reports-b-189037

Last dairy auction due before Fonterra sets next season’s milk price

It’s a key week for dairy farmers as Fonterra holds what will probably be its last global auction before it makes its first forecast for next season’s milk payout. With special feature audio.

from
http://www.nbr.co.nz/article/last-dairy-auction-due-fonterra-sets-next-season-milk-price-jr-p-189031

NZ farming hook-up helps Xero to sell in other markets

Xero's founder and managing director Rod Drury says Xero's experience with New Zealand farmers can be translated to other markets. With special feature audio.

from
http://www.nbr.co.nz/article/nz-farming-hook-helps-xero-sell-other-markets-jr-p-189035

Editor’s Insight: Lessons in how to create ‘magnet cities’

A handful of mid-sized cities around the world have transformed themselves into models of how to attract young wealth-creators. With special feature audio.

from
http://www.nbr.co.nz/opinion/editor-insight-lessons-how-create-magnet-cities-ng

World Week Ahead: Fed minutes, Home Depot results

Wall Street posted a decline for the week.

from
http://www.nbr.co.nz/article/world-week-ahead-fed-minutes-home-depot-results-b-189034

Saturday, 14 May 2016

High Court told Kiwifruit NZ to reconsider but it still said No

Kiwifruit New Zealand, the kiwifruit industry regulator, says it has followed a High Court ruling to reconsider collaborative marketing proposals from Splice Fruit and Seeka Kiwifruit that it had previously rejected but the answer is still no.

Te Puke kiwifruit exporters and marketers Splice and Seeka Kiwifruit had gone to the court seeking a judicial review of three Kiwifruit NZ board decisions last December rejecting collaborative marketing proposals in the 2016 export season. A fast-tracked court hearing was held because the 2016 season is already under way.

from
http://www.nbr.co.nz/article/high-court-told-kiwifruit-nz-reconsider-it-still-said-no-b-189023

Sky TV’s grim prospects have analysts slashing forecasts

Analysts have been slashing their forecasts in the wake of Sky Network Television’s shock revelation it will have lost 45,000 core residential customers this year.

from
http://www.nbr.co.nz/article/sky-tv-grim-prospects-have-analysts-slashing-forecasts-jr-p-188959

Friday, 13 May 2016

10 Questions With Bernadette Soares of Brand Value

Bernadette Soares is the founder of Brand Value, the parent company of well-known beauty brands Natural Glow, Radiessence, Pharo, Enliven and BodEze. Bernadette also founded ...

The post 10 Questions With Bernadette Soares of Brand Value appeared first on NZ Entrepreneur.

from
http://nzentrepreneur.co.nz/10-questions-bernadette-soares/

Thursday, 12 May 2016

MARKET CLOSE: NZ shares fall, Sky TV resumes slide while Xero jumps

The S&P/NZX50 Index dipped 6.6 points, or 0.1 percent, to 6,916.57.

from
http://www.nbr.co.nz/article/market-close-nz-shares-fall-sky-tv-resumes-slide-while-xero-jumps-b-189022

NZ dollar falls on speculation US dollar will strengthen as Fed edges toward rate hike

The kiwi fell to 68.01 US cents as at 5pm in Wellington.

from
http://www.nbr.co.nz/article/nz-dollar-falls-speculation-us-dollar-will-strengthen-fed-edges-toward-rate-hike-b-189021

NZX to launch milk price futures contracts on May 27

NZX will launch its milk price futures contracts on May 27.

from
http://www.nbr.co.nz/article/nzx-launch-milk-price-futures-contracts-may-27-b-189006

Comvita price target raised at Craigs on Australian, Asian growth prospects

The Te Puke-based company's shares have tripled in the past year.

from
http://www.nbr.co.nz/article/comvita-price-target-raised-craigs-australian-asian-growth-prospects-b-189001

Media gets too close to its own problems

MediaWorks is not alone in cutting jobs to deal with change but it’s not the answer. With special feature audio.

from
http://www.nbr.co.nz/opinion/media-gets-too-close-its-own-problems-th

Has Michael Hill taken a hit from the Bachelor meltdown?

The NZX-listed company appeared to face a double whammy as sponsor: ratings down on last season and the tarnished brand image that could come from the winner’s shenanigans.

from
http://www.nbr.co.nz/article/has-michael-hill-taken-hit-bachelor-meltdown-ca-p-189009

Xero to reach profitability in three years, First NZ Capital says

Xero posted a 67% gain in revenue to $207 million.

from
http://www.nbr.co.nz/article/xero-reach-profitability-three-years-first-nz-capital-says-b-189002

Carry on: Air NZ boosts routes, new Iran service and more

Dreamliners are now on Honolulu route and coming soon to Buenos Aires.

from
http://www.nbr.co.nz/article/carry-air-nz-boosts-routes-new-iran-service-and-more-ng-188984

Eco Business: Five ways businesses can act on climate change

When the international community says it’s the end of the fossil fuel era, you know it’s time to take it seriously. With special feature audio.

from
http://www.nbr.co.nz/article/eco-business-five-ways-businesses-can-act-climate-change-b-p-188968

Wool prices slip as buyers favour South Island wools over Northern offering

The coarse crossbred wool indicator dropped 2% from last week.

from
http://www.nbr.co.nz/article/wool-prices-slip-buyers-favour-south-island-wools-over-northern-offering-b-189000

Small centres get government tourism funding promise

The new funding is in addition to the more than $130 million a year the government spends in the tourism sector.

from
http://www.nbr.co.nz/article/small-centres-get-government-tourism-funding-promise-b-188991

Fisher Funds not fazed by poor quarter for Barramundi

The Australian market did not perform as expected in the first quarter.

from
http://www.nbr.co.nz/article/fisher-funds-not-fazed-poor-quarter-barramundi-cs-p-188962

Retail sales growth slows in first quarter, missing estimates

The volume of retail sales increased a seasonally adjusted 0.8% in the three months through March from the December quarter.

from
http://www.nbr.co.nz/article/nz-retail-sales-growth-slows-first-quarter-missing-estimates-b-188988

Warehouse lifts third quarter sales 5.5%

In the company's largest unit, its 93 Warehouse stores lifted sales 2.2% to $389.3 million.

from
http://www.nbr.co.nz/article/warehouse-lifts-third-quarter-sales-55-b-188982

Hong Kong Airlines to compete on new Auckland service

The 10-year-old airline has one of the world's youngest fleets.

from
http://www.nbr.co.nz/article/hong-kong-airlines-compete-new-auckland-service-ng-p-188981

Z lifts profit margins as it loses market share

Z Energy's chief executive Mike Bennetts is cagey on whether his company is prepared to continue to lose market share to maintain profit margins. With special feature audio.

from
http://www.nbr.co.nz/article/z-lifts-profit-margins-it-loses-market-share-jr-p-188977

NZ dollar jumps to two-month high vs Aussie

The kiwi touched 93.22Ac and was trading at 93.04Ac at 8am in Wellington.

from
http://www.nbr.co.nz/article/nz-dollar-jumps-two-month-high-vs-aussie-b-188976

Two-thirds growth in tourism spending forecast by 2022

Tourism industry leaders say they're looking to government to help with capacity and infrastructure constraints during peak season due to the growth in international visitors.

from
http://www.nbr.co.nz/article/two-thirds-growth-tourism-spending-forecast-2022-b-188967

Oyster Bay owner Delegat says NZ harvest up 33% on 2015.

The total harvest was 35,837 tonnes.

from
http://www.nbr.co.nz/article/oyster-bay-owner-delegat-says-nz-harvest-33-2015-b-188935

Energy Mad outsources NZ consumer sales to focus on Australia

My Eco Ltd will become responsible for NZ direct-to-consumer sales from the beginning of June.

from
http://www.nbr.co.nz/article/energy-mad-outsources-nz-consumer-sales-focus-australia-b-188946

While you were sleeping: Apple bites into sentiment

Dow Jones Industrial Average added 0.2%.

from
http://www.nbr.co.nz/article/while-you-were-sleeping-apple-bites-sentiment-b-188971

MARKET CLOSE: NZ stocks fall; Westpac, Xero decline while Sky TV gains

The S&P/NZX50 Index dropped 21.17 points, or 0.3 percent, to 6,923.17.

from
http://www.nbr.co.nz/article/market-close-nz-stocks-fall-westpac-xero-decline-while-sky-tv-gains-b-188966

Wednesday, 11 May 2016

NZ dollar gains to 3-month high vs Aussie dollar as commodities fall, rate bets unwind

The kiwi rose to 93.04 Australian cents as at 5pm in Wellington.

from
http://www.nbr.co.nz/article/nz-dollar-gains-3-month-high-vs-aussie-dollar-commodities-fall-rate-bets-unwind-b-188964

Z Energy boss says integrating Chevron like putting someone on the moon

Z Energy chief executive Mike Bennetts outlines the four-stage process his company will take to integrate its $785 million Chevron purchase.

from
http://www.nbr.co.nz/article/z-energy-boss-says-integrating-chevron-putting-someone-moon-jr-p-188941

Xero a success and it's just a question of how big it gets, Rod Drury says

Rod Drury has highlighted some of the milestones his company has passed. With special feature audio.

from
http://www.nbr.co.nz/article/xero-success-and-its-just-question-how-big-it-gets-rod-drury-says-jr-p-188925

Food prices rise 0.3% as Kiwis pay more for fruit and veggies

Food prices gained 0.3% last month.

from
http://www.nbr.co.nz/article/nz-food-prices-rise-03-kiwis-pay-more-fruit-and-veges-b-188902

All Blacks to become tourism experience in Viaduct Harbour attraction next year

The experience will be housed on the ground floor of a Wynyard quarter building.

from
http://www.nbr.co.nz/article/all-blacks-become-tourism-experience-viaduct-harbour-attraction-next-year-b-188895

Manufacturing activity rises in April led by new orders, production

The BNZ-BusinessNZ performance of manufacturing index rose to a seasonally adjusted 56.5 last month from 54.7 in March.

from
http://www.nbr.co.nz/article/nz-manufacturing-activity-rises-april-led-new-orders-production-b-188892

Innovators in fungi, silver and reinforced plastic nominated for KiwiNet awards

Twelve organisations and individuals in the running for KiwiNet Commercialisation Awards.

from
http://www.nbr.co.nz/article/innovators-fungi-silver-and-reinforced-plastic-all-nominated-kiwinet-awards-b-188880

Nuplex lifts guidance on improved returns from EMEA and Americas

Nuplex says the improved guidance assumes a continuation of foreign exchange rates.

from
http://www.nbr.co.nz/article/nuplex-lifts-guidance-citing-improved-returns-emea-and-americas-b-188886

Z Energy's full-year earnings fall 1%, sales decline

Earnings were also affected by the $13 million settlement of Z's dispute with Customs

from
http://www.nbr.co.nz/article/z-energy-says-full-year-earnings-fall-1-its-adjusted-measure-sales-decline-18-b-188884

NZ dollar gains after RBNZ fails to add to housing market curbs

Broad US dollar weakness and a lift in oil also bolstered the kiwi.

from
http://www.nbr.co.nz/article/nz-dollar-gains-after-rbnz-fails-add-housing-market-curbs-b-188879

While you were sleeping: Macy’s, Disney disappoint

Continued weakness in consumer spending levels for apparel and related categories.

from
http://www.nbr.co.nz/article/while-you-were-sleeping-macy-disney-disappoint-b-188875

Tuesday, 10 May 2016

MARKET CLOSE: NZ shares rise to record; Orion Health gains, SkyTV falls, SkyCity halted

The S&P/NZX 50 Index gained 34.93 points, or 0.5 percent, to 6,944.33.

from
http://www.nbr.co.nz/article/market-close-nz-shares-rise-record-orion-health-gains-skytv-falls-skycity-halted-b-188871

NZ dollar gains on lack of new measures to tackle heat in housing market from RBNZ

The kiwi rose to 67.88 US cents as at 5pm in Wellington.

from
http://www.nbr.co.nz/article/nz-dollar-gains-lack-new-measures-tackle-heat-housing-market-rbnz-b-188869

Tourism growth exceeds industry targets, on track to reach 2025 goal

The value of the visitor economy grew three times faster than volume growth in 2015 with spending up 31%.

from
http://www.nbr.co.nz/article/nz-tourism-growth-exceeds-industry-targets-track-reach-2025-goal-b-188852

NZ guest nights rise in March on Easter tourism

National guest nights advanced 12.3% to four million in March.

from
http://www.nbr.co.nz/article/nz-guest-nights-rise-march-easter-tourism-b-188845

Hellaby reduces management team

The shares fell 2.2% to $2.64 and have dropped 8.2% this year.

from
http://www.nbr.co.nz/article/hellaby-reduces-management-team-b-188841

SkyCity taps shareholders for $263m

Finance required after sale process for Hobson St hotel fails to reach conclusion.

from
http://www.nbr.co.nz/article/skycity-taps-shareholders-263m-th-188837

Turnaround – light at the end of the eco bulb

It's amazing how you can shrink your way to growth, Energy Mad managing director Chris Mardon says. With special feature audio.

from
http://www.nbr.co.nz/article/turnaround-light-end-eco-bulb-ch-p-188816

Warm weather warning for listed retailers

Can the mild autumn derail Kathmandu, Pumpkin Patch and Hallenstein Glasson's turnaround plans? With special feature audio.

from
http://www.nbr.co.nz/article/warm-weather-warning-listed-retailers-cs-p-188829

NZ dollar holds steady as traders await Financial Stability Report

The kiwi traded at 67.56USc at 8am in Wellington.

from
http://www.nbr.co.nz/article/nz-dollar-holds-steady-traders-await-financial-stability-report-b-188831

Regional economies hammered by low milk prices

A dairy expert says the regions will continue to struggle for 12-18 months.

from
http://www.nbr.co.nz/article/regional-economies-hammered-low-milk-prices-jw-p-188822

While you were sleeping: Amazon, oil rally

Shares of Amazon rallied.

from
http://www.nbr.co.nz/article/while-you-were-sleeping-amazon-oil-rally-b-188827

Sunday, 8 May 2016

NZ dollar falls on TWI basis as prospects of rate-cut contrast with Fed looking to hike

The trade-weighted index fell to 72.78 as at 5pm in Wellington.

from
http://www.nbr.co.nz/article/nz-dollar-falls-twi-basis-prospects-rate-cut-contrast-fed-looking-hike-b-188781

MARKET CLOSE: NZ shares fall, led by Sky TV on earnings downgrade; Air NZ drops

The S&P/NZX 50 Index dropped 13.05 points, or 0.2 percent, to 6,885.06.

from
http://www.nbr.co.nz/article/market-close-nz-shares-fall-led-sky-tv-earnings-downgrade-air-nz-drops-b-188780

NZ Dollar Outlook: Kiwi may fall if housing curbs pave the way for rate cuts

The kiwi may trade between 67 US cents and 70 cents.

from
http://www.nbr.co.nz/article/nz-dollar-outlook-kiwi-may-fall-if-housing-curbs-pave-way-rate-cuts-b-188766

Silver Fern Farms to invest in new venison plant

The company will build a new $5 million state-of-the art vension plant at its Pareoara site.

from
http://www.nbr.co.nz/article/silver-fern-farms-invest-new-venison-plant-ch-p-188765

Why academic qualifications will not help you (much) as an entrepreneur

As an entrepreneur, your job is to create a replicable, scalable business model which can deliver a product or service of value to the market, ...

The post Why academic qualifications will not help you (much) as an entrepreneur appeared first on NZ Entrepreneur.

from
http://nzentrepreneur.co.nz/academic-qualifications-will-not-help-much-entrepreneur/

Australian dairy farmers call for independent government review after Fonterra slashed farmgate prices

A group of Australian dairy farmers is planning a rally this week.

from
http://www.nbr.co.nz/article/australian-dairy-farmers-call-independent-government-review-after-fonterra-slashed-farmgate

Milford becomes biggest shareholder in Tourism Holdings after Sterling Grace exits

Milford raised its stake to 17.8% from 13.8%.

from
http://www.nbr.co.nz/article/milford-becomes-biggest-shareholder-tourism-holdings-after-sterling-grace-exits-b-188754

Software exec says 'augmented humans' not far away

CTO says it's inevitable that biology and technology will belend over the next couple of decades, offering a whole range of physical and mental enhancements. With special feature audio.

from
http://www.nbr.co.nz/article/software-exec-says-augmented-humans-not-far-away-ck-p-188748