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Acquisition Stories - Page 231

Kiwi Stories

Acquisition stories

Veritas 1H profit falls on acquisition costs; FY earnings to be at low end of guidance
Shares

Veritas 1H profit falls on acquisition costs; FY earnings to be at low end of guidance

Veritas Investments, the food and beverage investor, reported a 16 percent decline in first-half profit as acquisition costs mounted during a buying s.

By Pattrick Smellie • 3 min read • Thu, 26th Feb 2015
Intueri misses annual earnings forecast on New Zealand performance
Taxation

Intueri misses annual earnings forecast on New Zealand performance

Intueri Education Group, New Zealand's largest private training college, missed its annual earnings forecast as its New Zealand businesses lagged behi.

By Pattrick Smellie • 2 min read • Thu, 26th Feb 2015
Turners & Growers full-year profit falls 1.9% on processing, NZ trading losses
Shares

Turners & Growers full-year profit falls 1.9% on processing, NZ trading losses

Turners and Growers reports a 1.9% decline in full-year profit to NZD $16.6 million, attributing losses to processed foods and New Zealand trading pressures.

By Pattrick Smellie • 2 min read • Thu, 26th Feb 2015
ServiceNow acquires Intreis, launches new GRC offering
Risk & Compliance

ServiceNow acquires Intreis, launches new GRC offering

ServiceNow, the enterprise cloud company, has announced it is acquiring Intreis and is expanding its governance, risk and compliance (GRC) offering.

By Catherine Knowles • 3 min read • Wed, 25th Feb 2015
UPDATE: Ebos, heading for record annual earnings, sees Asia opportunities in medium term
Partner Programmes

UPDATE: Ebos, heading for record annual earnings, sees Asia opportunities in medium term

Ebos, which is heading for a record profit this year, sees opportunities to expand into Asia in the medium term, possibly in partnership with its bigg.

By Pattrick Smellie • 3 min read • Wed, 25th Feb 2015
Metlifecare expects to increase FY profit about 13% as it expands in high-value areas
Metlifecare

Metlifecare expects to increase FY profit about 13% as it expands in high-value areas

Metlifecare, New Zealand's second-largest listed retirement village operator, signalled full-year underlying profit may rise about 13 percent as it ex.

By Pattrick Smellie • 3 min read • Wed, 25th Feb 2015
Updated: Westcon resellers: the time for cloud is now
Cloud Services

Updated: Westcon resellers: the time for cloud is now

Westcon aims to be one of the best cloud distributors in the world, says Darryl Grauman, Westcon APAC Services and Cloud director.

By Shannon Williams • 4 min read • Wed, 25th Feb 2015
Freightways first-half profit jumps 21% as sales, margins grow from couriers, data management
Freightways

Freightways first-half profit jumps 21% as sales, margins grow from couriers, data management

Freightways posted a 21 percent gain in first-half profit after lifting sales and fattening margins at its courier and information management units.

By Pattrick Smellie • 3 min read • Mon, 23rd Feb 2015
Steel & Tube posts 35% gain in first-half profit on uplift in construction
Steel & Tube

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

Steel and Tube shines with a robust 35% profit surge, buoyed by the booming construction sector and strategic acquisitions.

By Pattrick Smellie • 2 min read • Thu, 19th Feb 2015
Netflix to add ANZ 'local flavour' - but where's the Kiwi content?
Gaming

Netflix to add ANZ 'local flavour' - but where's the Kiwi content?

There is no confirmed comment yet on what, if any, New Zealand-made content will be made available through Netflix.

By Shannon Williams • 1 min read • Thu, 19th Feb 2015
Tenon delivers $2m profit in first half, on track for 2016 dividends
Supply Chain

Tenon delivers $2m profit in first half, on track for 2016 dividends

Tenon, whose locally produced wood mouldings are sold in the US, turned a first-half profit as an improving US housing market pushed revenue, as fo.

By Pattrick Smellie • 3 min read • Wed, 18th Feb 2015
State-owned Japan Post launches A$6.5 bln takeover bid for Toll Holdings
Japan Post

State-owned Japan Post launches A$6.5 bln takeover bid for Toll Holdings

Japan Post makes a grand £3.6bn bid for Aussie logistics titan Toll Holdings, with the board's full backing — shares leap in response.

By Pattrick Smellie • 2 min read • Wed, 18th Feb 2015
Complectus continues acquisition spree with Covenant Trustee
Perpetual Guardian

Complectus continues acquisition spree with Covenant Trustee

Complectus, which owns trustee firm Perpetual Guardian, has signed a heads of agreement with Covenant Trustee Services as it continues its purchasi.

By Pattrick Smellie • 2 min read • Wed, 18th Feb 2015
UPDATE: IAG's NZ unit doubles 1H profit, lifts premiums on Lumley acquisition
Insurance Australia Group

UPDATE: IAG's NZ unit doubles 1H profit, lifts premiums on Lumley acquisition

Insurance Australia Group's New Zealand unit, the country's biggest general insurer, more than doubled first-half profit and lifted gross written p.

By Pattrick Smellie • 3 min read • Wed, 18th Feb 2015
Tui writedown turns NZOG to a first-half loss
Power / Energy

Tui writedown turns NZOG to a first-half loss

New Zealand Oil & Gas, the exploration company, turned in a loss in its first half after the global drop in oil prices saw it recognise a $13 milli.

By Pattrick Smellie • 3 min read • Wed, 18th Feb 2015

Global Stories

Acquisition stories

Breaking news: Xero shares jump 21% after $147 million investment
Fintech

Breaking news: Xero shares jump 21% after $147 million investment

Xero's share price soars to a new high with a $147m boost from US investors, signalling strong future growth and new leadership in North America.

By Pattrick Smellie • 3 min read • Wed, 25th Feb 2015
Android and iOS inch toward world domination
iOS

Android and iOS inch toward world domination

Android and iOS are continuing to move toward total domination of the worldwide smartphone market following results from 2014.

By Catherine Knowles • 3 min read • Wed, 25th Feb 2015
ASX-listed Vocus boosts NZ sales 81% after FX Networks acquisition
Network Infrastructure

ASX-listed Vocus boosts NZ sales 81% after FX Networks acquisition

Vocus Communications boosted its first-half sales in New Zealand by 81 percent after buying local fibre-line provider FX Networks last year.

By Pattrick Smellie • 2 min read • Mon, 23rd Feb 2015