AWF plays down price spike query after shares jump

Article – BusinessDesk

April 27 (BusinessDesk) – AWF Madison Group, the country’s largest contract labour firm, played down an inquiry into a recent share price spike that’s seen the stock trade near a three-and-a-half year high. Read more »

A2 Milk shares rise to new record on upgraded sales guidance

Article – BusinessDesk

A2 Milk Co shares touched a record high after the milk marketer raised its annual revenue guidance following better-than-expected sales in the third quarter. Read more »

Chorus joins ASX 200 – now with 8 NZX-listed Kiwi firms

Article – BusinessDesk

Chorus joins ASX 200, bringing to 8 the number of NZX-listed Kiwi firms in Aussie benchmark Read more »

Wellington Drive first-quarter sales climb 30%

Article – BusinessDesk

April 21 (BusinessDesk) – Wellington Drive Technologies, which makes energy efficient motors and control systems for commercial refrigerators, lifted first-quarter sales 30 percent as the company’s focus on Latin America continues to underpin its long … Read more »

UPDATE: NPT shareholders reject property deal

Article – BusinessDesk

April 21 (BusinessDesk) – NPT shareholders voted against a property deal between Kiwi Property Group and NPT and voted in favour of board changes. Read more »

NPT shareholders reject property deal and spill board

Article – BusinessDesk

April 21 (BusinessDesk) – NPT shareholders voted against a property deal between Kiwi Property Group and NPT and voted in favour of board changes. Read more »

Abano Commences Legal Action to Recoup Takeover Costs

Press Release – Abano Healthcare Group Limited

Abano Healthcare Group Limited (NZX: ABA) advises that it has today commenced legal proceedings in the High Court to seek reimbursement of approximately $566,000 in unpaid costs in relation to the failed hostile partial takeover attempt by Healthcare … Read more »

MARKET CLOSE: NZ stocks inch higher

Article – BusinessDesk

April 18 (BusinessDesk) – New Zealand stocks edged higher as interest in high-yielding stocks including Trustpower and several property companies was offset by some portfolio reshuffling after the Oceania Healthcare initial public offering weighed on stocks … Read more »

Markets Rattled By Higher Volatility But Wait, There is More

Article – ThinkMarkets

The sentiment in the markets is generally adverse today. The current risk factor has a wide spectrum ranging from North Korea escalating the geopolitical uncertainty, US and Russian relationship at their new low, the scary outcome of French Election … Read more »

MARKET CLOSE: NZ stocks fall

Article – BusinessDesk

April 13 (BusinessDesk) – New Zealand shares fell, led by Tegel Group, after government figures showed chicken prices may be suffering from rivalry among suppliers. Restaurant Brands and SkyCity Entertainment Group were among leading decliners as ongoing geopolitical … Read more »

Trustpower: strong Aus. generation lifted FY17 earnings

Article – BusinessDesk

April 13 (BusinessDesk) – Trustpower, the electricity generator-retailer which spun out its wind development into the separately listed Tilt Renewables, says earnings were at the top end of guidance after strong generation, especially in Australia. Read more »

Oceania Healthcare shares priced near bottom of IPO range

Article – BusinessDesk

April 13 (BusinessDesk) – Oceania Healthcare will raise $200 million in an initial public offering after a bookbuild process priced the offer near the bottom of the indicative range. Read more »

Risks rising

Press Release – CMC Markets

Overnight trading displayed elements of a risk off stance from investors. Gold and bonds rallied, shares and industrial commodities were marked down and volatility indicators rose. The trimming of risk positions comes against a background of rising … Read more »

MARKET CLOSE: NZ stocks fall, led by Fletcher

Article – BusinessDesk

April 12 (BusinessDesk) – New Zealand shares fell as geopolitical tensions continued to sideline investors. Fletcher Building declined while SkyCity Entertainment Group and Spark New Zealand rose. Read more »

Craigs sees slowing growth in funds management

Article – BusinessDesk

April 12 (BusinessDesk) – Craigs Investment Partners posted a 58 percent gain in annual profit as a swelling pot of funds under management delivered a boost to fee income, however, the broking and research house sees the pace of that growth slowing. Read more »

NZX dairy futures trade in record volumes

Article – BusinessDesk

April 12 (BusinessDesk) – Persistent heavy rain in New Zealand, the world’s largest exporter of dairy products, spurred record trading in NZX dairy futures yesterday as traders bet soggy pastures heading into winter will dent future milk production. Read more »

NZ Small and Mid-Cap stocks should list on the NZX

Press Release – Woodward Partners Securities

Small and mid-sized New Zealand companies should be listing on the New Zealand stock exchange rather than moving straight to a stock exchange listing in Australia, according to Woodward Partners Managing Director Neville Todd. Read more »

Augusta pays 17% premium to double NPT stake

Article – BusinessDesk

April 7 (BusinessDesk) – Augusta Capital has paid a 17 percent premium to double its stake in real estate investor NPT, putting more clout behind its bid to replace the board and block a deal giving management control to Kiwi Property Group. Read more »

CBL managers & director get $65M payday

Article – BusinessDesk

April 5 (BusinessDesk) – CBL Corp’s managing director Peter Harris, deputy chair Alistair Hutchison and senior managers have sold 8.5 percent of the company – 20 million shares – after a restriction on their holdings lifted following the release … Read more »

NZX cash trading values fall for a third month

Article – BusinessDesk

April 5 (BusinessDesk) – The value of trading on NZX’s markets fell for a third month in March, even as the volume of activity increased in the wake of company earnings season. Read more »

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