MARKET CLOSE: NZ shares decline as sentiment wanes

Article – BusinessDesk

July 11 (BusinessDesk) – New Zealand shares declined, tracking US and European equities lower as sentiment waned on concern about the euro-zone’s financial stability after a major Portuguese bank missed debt payments. Read more »

Infratil appoint Kiwibank deputy chair Alison Gerry to board

Article – BusinessDesk

Jul. 11 (BusinessDesk) – Infratil, the infrastructure investor, has appointed Kiwibank deputy chair Alison Gerry to its board. Read more »

MARKET CLOSE: NZ shares rise; investors await earnings

Article – BusinessDesk

July 10 (BusinessDesk) – New Zealand shares rose, following stocks across Asia higher, as investors await next month’s earnings season for clearer steer on where the market will head next. Xero led gainers. Read more »

Kiwi Income seven-year bonds oversubscribed

Article – BusinessDesk

Jul. 10 (BusinessDesk) – Kiwi Income Property Trust, the country’s second-biggest listed property investor by market value, has had its seven-year bond offer oversubscribed. Read more »

Pumpkin Patch slides to record low as rag-trade woes extend

Article – BusinessDesk

July 10 (BusinessDesk) – Shares in Pumpkin Patch, the third worst performer on the NZX’s All Ordinaries Index this year ,fell to an all-time low as investors continue to mull the childrenswear retailer’s outlook in an increasingly competitive apparel … Read more »

Millennium spends $14.25 million on final stake in Quantum

Article – BusinessDesk

July 10 (BusinessDesk) – Millennium & Copthorne Hotels New Zealand, which operates 22 hotels across the country, will spend $14.25 million in cash to buy the remaining 30 percent stake in its Quantum joint venture that it doesn’t own from Te Maori Lodges. Read more »

MRP board appoints digital marketing guru Andy Lark to board

Article – BusinessDesk

July 10 (BusinessDesk) – State-controlled electricity generator and retailer MightyRiverPower has attracted one of New Zealand’s most globally experienced marketing experts, Andy Lark, to its board, adding heft following the signing of former Transpower chief … Read more »

Skyline Enterprises keeps FY dividend unchanged

Article – BusinessDesk

July 10 (BusinessDesk) – Skyline Enterprises, the Queenstown-based tourism company whose shares trade on the Unlisted platform, will pay shareholders the same dividend for the 2014 financial year as underlying earnings were largely flat from a year … Read more »

MARKET CLOSE: NZ shares join regional sell-off

Article – BusinessDesk

July 9 (BusinessDesk) – New Zealand shares fell, joining a sell-off across Asia-Pacific, as investors mull the impact of global monetary policy on long-term bond yields and how that will feed into equity markets. Read more »

Mighty River Power completes successful Capital Bond offer

Press Release – Mighty River Power

Mighty River Power has today confirmed, following the close of the Capital Bond offer yesterday, that $300 million of unsecured subordinated Capital Bonds will be issued with an initial interest rate of 6.90% per annum. Read more »

Precinct Properties portfolio value increases on Auckland

Article – BusinessDesk

July. 9 (BusinessDesk) – Precinct Properties New Zealand, the country’s third-biggest listed property investor by market value, expects to recognise a 5.5 percent gain in its portfolio’s value as Auckland real estate prices continue to climb. Read more »

Few bargains fairly valued NZ market: Morningstar

Article – BusinessDesk

July 9 (BusinessDesk) Bargains are hard to find in the New Zealand share market as it is fairly valued overall and the electricity sector has recovered to be trading close to fair value, according to Morningstar. Read more »

South Island listed companies experience phenomenal growth

Press Release – Deloitte

South Island listed companies have achieved phenomenal growth in market capitalisation during the past year, according to the annual review of the Deloitte South Island Index presented today in Christchurch. Read more »

Property For Industry buys Wellington site for $15.3 million

Article – BusinessDesk

July 8 (BusinessDesk) – Property For Industry, which increased its portfolio by two-thirds last year through a merger with Direct Property Fund, will spend $15.3 million on a Wellington property after selling $12.2 million worth of non-core properties in … Read more »

Dr Ken Taylor appointed Chief Executive

Press Release – Living Cell Technologies

Living Cell Technologies Limited today announced that Dr Ken Taylor has been appointed Chief Executive. Ken was appointed NTCELL Program Director in February and became Acting Chief Executive in April. He has been successful resuming patient recruitment … Read more »

Michael Hill annual sales rise at fastest pace in 3 years

Article – BusinessDesk

July 8 (BusinessDesk) – Michael Hill International, the jewellery chain that bears the name of its founder, increased sales 9.7 percent last year, the fastest pace in three years. Read more »

Surge in Mosman price increases Aorere NTA/share to 2.25c

Press Release – Aorere Resources

Aorere Resources Limited holds approximately 13.1% of this AIM listed company, and will hold 12.3% after the recently announced Trident acquisition is completed. Our Mosman shareholding now has a present market value of NZD 8.2 million, based on the … Read more »

NZX’s new market gets ministerial go-ahead

Article – BusinessDesk

July 7 (BusinessDesk) – Commerce Minister Craig Foss has given the go-ahead on alternative disclosure requirements for the New Zealand stock market operator’s proposed “new market”. Read more »

MARKET CLOSE: NZ shares drift as Metroglass IPO lines up

Article – BusinessDesk

July 7 (BusinessDesk) – New Zealand shares fell marginally on low volumes as local holidays and the Friday US Independence Day closure kept investors on the sidelines, albeit domestically focused specialty glass provider Metro Performance Glass issued … Read more »

NZX granted exemption

Press Release – New Zealand Government

Commerce Minister Craig Foss today announced he is granting a ministerial exemption to allow NZX to establish a new growth market with an alternative disclosure regime. Read more »

Next Page »