IT Brief New Zealand - Technology news for CIOs & IT decision-makers
New Zealand

Kiwi News - Page 238

Arvida Group raises $75 million in IPO
Integration

Arvida Group raises $75 million in IPO

Arvida Group, the new retirement village operator, has raised the full $75 million sought through an initial public offering following strong deman.

By Pattrick Smellie • 3 min read • Fri, 21st Nov 2014
Warehouse affirms forecast for higher 2015 profit even amid softer trading
Inflation

Warehouse affirms forecast for higher 2015 profit even amid softer trading

Warehouse Group, New Zealand's largest listed retailer, affirmed its expectation for a rise in annual earnings even as sales lag behind forecast he.

By Pattrick Smellie • 2 min read • Fri, 21st Nov 2014
A2 Milk changes Chinese supply approach for infant formula
Shares

A2 Milk changes Chinese supply approach for infant formula

A2 Milk Co has agreed to make China State Farm Holdings Shanghai the sole importer of its a2Platinum infant formula while the milk marketer will ta.

By Pattrick Smellie • 2 min read • Fri, 21st Nov 2014
NZ dollar advances as some investors see declines as good buying
Kiwi

NZ dollar advances as some investors see declines as good buying

The New Zealand dollar rallied to USD $0.7874 as investors saw the earlier declines as a buying opportunity, buoying the trade-weighted index.

By Pattrick Smellie • 2 min read • Fri, 21st Nov 2014
Nexsan by Imation targets Kiwi resellers with 'disruptive' solutions
Storage

Nexsan by Imation targets Kiwi resellers with 'disruptive' solutions

Nexsan by Imation aims to shake up the Kiwi market with its unique storage solutions, courting local resellers to drive growth.

By Shannon Williams • 2 min read • Fri, 21st Nov 2014
Taxpayer money-go-rounds hampering growth, says NZ Initiative
New Zealand Initiative

Taxpayer money-go-rounds hampering growth, says NZ Initiative

Income redistribution schemes such as Working for Families, which pay back money people have often already paid as tax, are a barrier to the econom.

By Pattrick Smellie • 3 min read • Fri, 21st Nov 2014
ANZ's Hisco the heavyweight in New Zealand CEO pay stakes
Bank of New Zealand

ANZ's Hisco the heavyweight in New Zealand CEO pay stakes

There's a big gap between the pay of ANZ Bank New Zealand boss David Hisco and his counterparts at two of the other big four Australian-owned bank.

By Pattrick Smellie • 4 min read • Thu, 20th Nov 2014
MARKET CLOSE: NZ shares gain as F&P rises to record, Xero falls on 1H result
Construction

MARKET CLOSE: NZ shares gain as F&P rises to record, Xero falls on 1H result

New Zealand shares rose as Fisher & Paykel Healthcare advanced to a record after lifting its annual profit guidance.

By Pattrick Smellie • 4 min read • Thu, 20th Nov 2014
NZ dollar gains as yen falls to 7-year low vs. greenback
New Zealand Dollar

NZ dollar gains as yen falls to 7-year low vs. greenback

The New Zealand dollar rose as the yen fell to a seven-year low against the greenback as stimulus from the Bank of Japan and the prospects that Pri.

By Pattrick Smellie • 2 min read • Thu, 20th Nov 2014
Kiwi tech firms comprise 10% of Deloitte's Asia-Pacific Fast 500 index
Marketing Technologies

Kiwi tech firms comprise 10% of Deloitte's Asia-Pacific Fast 500 index

Fifty-one New Zealand technology companies have been included in the 2014 Deloitte Technology Fast 500 Asia Pacific index, equalling the record for.

By Pattrick Smellie • 2 min read • Thu, 20th Nov 2014
NPT first-half operating earnings rise 14% on increased rental base
Industrial

NPT first-half operating earnings rise 14% on increased rental base

NPT, the listed property investor, reported a 14 percent increase in first-half operating profit as rental income was swelled by new properties inc.

By Pattrick Smellie • 1 min read • Thu, 20th Nov 2014
Progressive boss warns NZ politicians about misusing Parliamentary privilege after supermarket inquiry ends
Market share

Progressive boss warns NZ politicians about misusing Parliamentary privilege after supermarket inquiry ends

Progressive Enterprises managing director Dave Chambers said New Zealand politicians need to be careful about allegations made under Parliamentary.

By Pattrick Smellie • 4 min read • Thu, 20th Nov 2014
Horizon Energy first-half profit drops 58% on regulated price curbs
Power / Energy

Horizon Energy first-half profit drops 58% on regulated price curbs

Horizon Energy Distribution, the Bay of Plenty lines company which exceeded its regulated price path in 2012, said first-half profit fell 58 percen.

By Pattrick Smellie • 2 min read • Thu, 20th Nov 2014
Shares in F&P Healthcare rise to a record as market darling outperforms
Health Technologies

Shares in F&P Healthcare rise to a record as market darling outperforms

Shares in Fisher & Paykel Healthcare rose to a record after the maker of breathing masks and humidifiers raised its profit forecast for the sixth t.

By Pattrick Smellie • 4 min read • Thu, 20th Nov 2014
Countdown happy at being exonerated under Commerce Commission inquiry
Corruption

Countdown happy at being exonerated under Commerce Commission inquiry

Progressive Enterprises managing director Dave Chambers said he felt exonerated by the outcome of a Commerce Commission inquiry into anti-competiti.

By Pattrick Smellie • 3 min read • Thu, 20th Nov 2014
NZ producer prices fall in third quarter on dairy manufacturing inputs
Inflation

NZ producer prices fall in third quarter on dairy manufacturing inputs

New Zealand producer input prices fell in the third quarter as lower farmgate milk prices reduced input costs for dairy manufacturers, adding more.

By Pattrick Smellie • 2 min read • Thu, 20th Nov 2014
Australia's FTA with China adds to rivalry in 'hotly contested' market for soft commodities
Free trade agreement

Australia's FTA with China adds to rivalry in 'hotly contested' market for soft commodities

Australia's free trade agreement with China heralds a renewed focus to diversify the country's economy away from a reliance on mineral exports to s.

By Pattrick Smellie • 3 min read • Thu, 20th Nov 2014
Kiwi school lunch ordering system quicker than making a sandwich
EduTech

Kiwi school lunch ordering system quicker than making a sandwich

Hawke's Bay's Lunchonline revolutionizes school lunches, enabling parents to order quickly online, ensuring kids enjoy nutritious meals at school.

By Shannon Williams • 3 min read • Thu, 20th Nov 2014
Serko widens 1H loss, boosts sales and staff
Serko

Serko widens 1H loss, boosts sales and staff

Serko, the online travel booking business, widened its first-half loss in line with its May prospectus as it hired more staff to chase sales growth.

By Pattrick Smellie • 3 min read • Thu, 20th Nov 2014