Archive for the 'Article' Category

Intueri retains support of lender ANZ

Article – BusinessDesk

Sept. 28 (BusinessDesk) – Intueri Education Group, the private education group whose shares collapsed on Tuesday in response to a warning about Australian government audits that threatened its viability, has told investors it retains the support of … Read more »

New NZX market manipulation guidance raised in trial

Article – BusinessDesk

Sept. 28 (BusinessDesk) – A joint NZX/Financial Markets Authority collaboration on providing more guidance to the securities industry on the scope of permissible trading conduct was raised today in the countrys first market manipulation trial. Read more »

Milford sells down stake in Wynyard as shares slump

Article – BusinessDesk

Sept. 28 (BusinessDesk) – Milford Asset Management has reduced its holding in crime fighting software company, Wynyard Group, taking its ownership to 5.7 percent from 7.6 percent in December last year. Read more »

Seadragon’s talks with new cornerstone investor collapse

Article – BusinessDesk

Sept. 28 (BusinessDesk) – Seadragon, the fish-oil refiner, has warned investors that preliminary talks with a potential new cornerstone investor have failed. Read more »

DOC, Hawke’s Bay council developer take Ruataniwha appeal

Article – BusinessDesk

The Department of Conservation and Hawke’s Bay Regional Investment Company (HBRIC) are appealing to the Supreme Court over a conservation land swap which the Court of Appeal halted. Read more »

Hellaby board sees more value in company than Bapcor bid

Article – BusinessDesk

Hellaby board sees ‘significantly’ more value in company than Bapcor’s $322.5M bid, MD Clarke says Read more »

NZ Pharmaceuticals seeks alternative bile supply

Article – BusinessDesk

New Zealand Pharmaceuticals, the specialty biopharmaceuticals manufacturer, is researching ways to use alternative raw materials in the manufacture of new products due to a potential shortage of bile supply from cows. Read more »

New entrepreneur visa

Article – BusinessDesk

Sept. 28 (BusinessDesk) – The government has picked the Edmund Hillary Fellowship to work with Immigration New Zealand on a new visa which it hopes will attract young entrepreneurs to the country. Read more »

EQC boss Ian Simpson to leave at the end of the year

Article – BusinessDesk

Sept. 28 (BusinessDesk) – Earthquake Commission chief executive Ian Simpson will leave the government’s disaster insurance scheme head up the geological research unit GNS Science from next year. Read more »

Shareholders approve completing irrigation scheme in 2018

Article – BusinessDesk

Sept. 28 (BusinessDesk) – The second stage of a major South Canterbury irrigation scheme, Central Plains Water, will be finished by September 2018 after unanimous support from shareholders. Read more »

Westland cautiously maintains 2017 forecast payout

Article – BusinessDesk

Sept. 28 (BusinessDesk) – Westland Milk Products, the Hokitika-based dairy cooperative, has cautiously affirmed its forecast payout for farmers for the current season, noting the recent recovery in global dairy market is still prone to volatility. Read more »

OceanaGold seeks explanation over Didipio

Article – BusinessDesk

Sept. 28 (BusinessDesk) – OceanaGold said it is seeking clarification from the Philippines government after officials from the Department of Environment and Natural Resources named the company’s Didipio site among mining operations that could be suspended … Read more »

NZ dollar slips from overnight highs to be little changed

Article – BusinessDesk

Sept. 28 (BusinessDesk) – The New Zealand dollar fell from its overnight highs, to be little changed after stronger-than-expected US consumer confidence and the first US presidential debate that some commentators gave to Democratic candidate Hillary … Read more »

Xero share trading sparked market manipulation trial

Article – BusinessDesk

Sept. 27 (BusinessDesk) – Trading by Milford Asset Management portfolio manager Mark Warminger in Xero shares in June 2014 sparked an inquiry by the NZXs market surveillance team and, ultimately, the current market manipulation case against him underway in … Read more »

While you were sleeping: US consumer confidence rises

Article – BusinessDesk

Sept. 28 (BusinessDesk) – Wall Street advanced after a report showed US consumer confidence climbed to the highest level in nine months, bolstering optimism about the nations economic growth. Read more »

NZ shares drop, Orion Health and Xero lead index lower

Article – BusinessDesk

MARKET CLOSE: NZ shares drop, Orion Health and Xero lead index lower while Air NZ bounces Read more »

NZ dollar gains on strong Clinton showing in US debate

Article – BusinessDesk

Sept. 27 (BusinessDesk) – The New Zealand dollar gained as a strong performance by Democratic candidate Hillary Clinton in the first US presidential debate stoked investors’ appetite for risk-sensitive assets. Read more »

74% share price slump ‘a bit of an overreaction’

Article – BusinessDesk

Sept. 27 (BusinessDesk) – Intueri Education Group chairman Chris Kelly says the market has had “a bit of an overreaction” to today’s news that an Australian government audit of its subsidiaries across the Tasman could threaten the viability of the company, … Read more »

UPDATE: Hellaby shares climb 8.6%

Article – BusinessDesk

Sept. 27 (BusinessDesk) – Hellaby Holdings shares climbed 8.6 percent to $3.29, just below the price offered by Australian-listed autoparts firm Bapcor’s $322.5 million takeover bid. Read more »

Tauranga angel network launches new crowdfunding platform

Article – BusinessDesk

Tauranga’s Enterprise Angels network of investors in early stage companies has launched a new crowdfunding platform to make it easier for sophisticated investors to access those opportunities. Read more »

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