Flurry of NZX IPOs seen in coming months: Nikko Asset

Article – BusinessDesk

April 14 (BusinessDesk) – Kiwi investors can expect a strong pipeline of initial public offerings from New Zealand and Australian companies listing in coming months to take advantage of the rising market, says Nikko Asset Management head of equities … Read more »

Next Capital mulls possible IPO, trade sale for Vitaco

Article – BusinessDesk

April 14 (BusinessDesk) – The private equity owners of Vitaco Health Group, the trans-Tasman health foods manufacturer, are mulling a possible initial public offering or trade sale to Asian food companies, according to Australian media reports. Read more »

NZ Budget to pump $20M a year into Callaghan grants

Article – BusinessDesk

April 14 (BusinessDesk) – The government will pump an extra $20 million a year into the research and development Growth Grants programme, one of three types of grant administered by its innovation agency, Callaghan Innovation as part of the May 21 … Read more »

Liquidators of China milk exporter may claw back $145,200

Article – BusinessDesk

April 14 (BusinessDesk) – Liquidators of a failed milk exporting company, which became insolvent after losing an unfair dismissal case with employees, may force the company’s Chinese-based directors to pay back $145,200 to creditors. Read more »

Better information for investors

Press Release – Financial Markets Authority

Information for investors will now be provided in a format that is easier-to-understand and more accessible than before. The way that financial products are made available to the public has been overhauled under the Financial Markets Conduct Act 2013 (FMC … Read more »

The NZDUSD opens at 0.7447 (mid-rate) this morning

Press Release – HiFX

The NZD is lower against all of its major trading partners with the AUD being the only exception, following the release of yesterdays disappointing trade data out of China. In immediate response to the release the NZD fell from 0.7540 to 0.7490 … Read more »

NZ Super Fund, other investors seek US$612.7M in Novo suit

Article – BusinessDesk

NZ Super Fund, other investors seek US$612.7 million over Oak Finance loan in UK courts Read more »

Capital + Merchant trustee stoush back in court

Article – BusinessDesk

April 13 (BusinessDesk) – Lawyers acting for Perpetual Trust and law firm Stace Hammond are seeking access to documents and communication covered by legal privilege in dispute involving the receiver of failed lender Capital + Merchant. The dispute involves … Read more »

Springpark developer Gapes liquidates ‘unused entity’

Article – BusinessDesk

April 13 (BusinessDesk) – Tony Gapes, the developer building Springpark, which is among Auckland’s largest residential projects, has liquidated one of his investment vehicles, saying he is tidying up loose ends by closing down unused entities. Read more »

KCFL Considers Perpetual Capital Note Offer

Press Release – Kiwibank

Kiwi Capital Funding Limited (KCFL) is considering making an offer of up to $150 million of Perpetual Capital Notes to the New Zealand public. Proceeds of the offer of Perpetual Capital Notes will be used by KCFL to invest in regulatory capital instruments … Read more »

English to visit Australia this week

Press Release – New Zealand Government

Finance Minister Bill English will visit Australia this week, where he will take the opportunity to hear first-hand from business and industry leaders their thoughts about the relative strengths and weaknesses of the Australian economy. Australia … Read more »

KPMG – FIPS December 2014 quarterly bank results

Press Release – KPMG

The banking sector has recorded an overall drop in net profit after tax (NPAT) for the December 2014 quarter of $1,151 million. Down from the record September 2014 quarter NPAT of $1,254 million. Read more »

Retail card spending up in March

Press Release – Statistics New Zealand

Retail spending using electronic cards was $4.7 billion in March 2015, up $167 million (3.7 percent) from March 2014, Statistics New Zealand said today. Read more »

Just Water agrees to sell Australian business for A$11 mln

Article – BusinessDesk

April 13 (BusinessDesk) – Just Water International, the water cooler and supplies business 79 percent owned by founder Tony Falkenstein, has agreed to sell its Australian business to Waterlogic Australia for A$11 million in cash to repay debt and fund … Read more »

Changes to Community Development Scheme

Press Release – New Zealand Government

Community and Voluntary Sector Minister Jo Goodhew has announced changes to the Community Development Scheme, which starts a new funding round this week. Read more »

KiwiBank mulls $150 million note sale

Article – BusinessDesk

April 10 (BusinessDesk) – Kiwibank, the banking unit of state-owned New Zealand Post, is mulling a $150 million note sale to help the bank meet regulatory requirements. Read more »

HiFX Morning Update

Press Release – HiFX

The NZD outperformed overnight managing to briefly trade above 0.7600 before retreating to current levels. The USD saw appreciation against the majority of its other trading partners following a positive jobless claims report overnight. The EUR also depreciated … Read more »

NZ bank profits fall slightly in December quarter: KPMG

Article – BusinessDesk

April 9 (BusinessDesk) – New Zealand bank profits fell slightly in the December quarter from the record results in the previous quarter even as their net interest margins the difference between the interest they generate and what they pay out to lenders … Read more »

NZ still has ‘rock star economy’, says HBSC’s Bloxham

Article – BusinessDesk

April 9 (BusinessDesk) – HSBC chief economist Paul Bloxham, who first coined the phrase rock star in January last year to describe New Zealands economic growth, says its still a rock star despite lower dairy prices and slower growth … Read more »

HiFX Weekly FX Technical Report

Press Release – HiFX

NZD/USD Last Price: 0.7558 Daily: Prices still pivoting 0.7550 or so at present Weekly: Negativepattern intact below 0.7900 Support 1: 0.7470/80 Support2: 0.7390/00 Resistance1: 0.7625/35 Resistance2: 0.7700/10 Read more »

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