StretchSense sold to mystery Kiwi owners
By Victoria Young | Mon, 30 Sep 2019
By Victoria Young Oct. 1 (BusinessDesk) - Futuristic textile company StretchSense has been sold to a new Kiwi owner, the firm’s administrators say. In July the shareholders of the company, whic...
Kathmandu to buy Rip Curl for $368m to create billion dollar retailer
By Paul McBeth | Mon, 30 Sep 2019
By Paul McBeth Oct. 1 (BusinessDesk) - Kathmandu Holdings will pay about $368 million to buy surf brand Rip Curl to create a billion-dollar revenue retailer, which it says will add at least 10 perc...
Sealegs director takes aim at NZX at testy annual meeting
By Victoria Young | Fri, 27 Sep 2019
By Victoria Young Sept. 27 (BusinessDesk) - Future Mobility Solutions director Mark Broadley criticised the NZX in defence of his company’s move to an unregulated exchange. The company, which o...
Hallenstein Glasson maintains sales momentum; beats annual earnings guidance
By Paul McBeth | Fri, 27 Sep 2019
By Paul McBeth Sept. 27 (BusinessDesk) - Hallenstein Glasson Holdings sales accelerated in the first two months of the new financial year, having beaten its annual profit guidance on the strength o...
Consumer confidence at 4-year low as people fret about the future
By Rebecca Howard | Thu, 26 Sep 2019
By Rebecca Howard Sept. 27 (BusinessDesk) - Consumer confidence fell to its lowest level in four years as people grew more wary about the future, but low interest rates mean people still think it's...
NZ Post's parcels business turns a small annual profit as mail keeps group in the red
By Paul McBeth | Thu, 26 Sep 2019
By Paul McBeth Sept. 27 (BusinessDesk) - New Zealand Post's increasingly important parcels business turned a small annual profit, but that wasn't enough to avoid red ink with its mail service still...
Air NZ to keep regional fares low as Jetstar ponders exit
By Paul McBeth | Wed, 25 Sep 2019
By Paul McBeth Sept. 25 (BusinessDesk) - Air New Zealand says it won't hike fares on the routes that Jetstar looks set to exit, consistent with pricing changes it made earlier this year to stimulat...
Jetstar pulling out of Nelson, Napier, New Plymouth, Palmerston North routes
By Paul McBeth | Wed, 25 Sep 2019
By Paul McBeth Sept. 25 (BusinessDesk) - Jetstar plans to stop flying unprofitable regional routes at the end of November, blaming tepid demand and high jet fuel prices which it says look set to st...
Moa Group eyes wider beer market
By Victoria Young | Tue, 24 Sep 2019
By Victoria Young Sept. 25 (BusinessDesk) - Moa Group is banking on beers sold in bars and eateries to help it move into the black, and will now look at other categories beyond craft products. T...
Loyalty scheme members not exclusive customers, fuel inquiry hears
By Gavin Evans | Tue, 24 Sep 2019
By Gavin Evans Sept. 24 (BusinessDesk) - Users of fuel loyalty schemes are price sensitive and shop around to ensure they are getting the best deals available to them, the Commerce Commission hear...
Spark's wobbly world cup start raises stakes for live-streaming - analysts
By Paul McBeth | Mon, 23 Sep 2019
By Paul McBeth Sept. 23 (BusinessDesk) - Spark New Zealand will face greater scepticism from sporting bodies and the wider public about its ability to stream live sports after falling back on Telev...
An algorithm dunnit: anatomy of Spark's mid-match surrender
By Pattrick Smellie | Mon, 23 Sep 2019
By Pattrick Smellie Sept. 23 (BusinessDesk) - It had all been going so well. Friday night's Rugby World Cup opening ceremony and first match, Japan vs Russia, rolled down the international telec...