MARKET CLOSE: NZ shares gain, led by Xero

Article – BusinessDesk

July 25 (BusinessDesk) – New Zealand shares rose, led by Xero after investors gained confidence about the cloud-based accounting software firm’s US expansion plans following upbeat comments at the company’s annual meeting this week. Read more »

Carbon tax axe will boost Australian renewables: Trustpower

Article – BusinessDesk

July 25 (BusinessDesk) – Electricity generator Trustpower believes the repeal of Australia’s carbon tax will be great for renewable energy, which is likely to be heavily favoured under the federal government’s Renewable Energy Targets scheme. Read more »

Kiwibank exits Goodman Property’s $600 mln lending syndicate

Article – BusinessDesk

July 25 (BusinessDesk) – Kiwibank has exited a five-year, $30 million lending relationship with Goodman Property Trust, New Zealand’s largest listed property investor with the remaining ‘big four’ banks to boost their funding to $150 million each. Read more »

Scales Corporation lists on the NZX Main Board

Press Release – Scales Corporation Ltd

Shares in leading New Zealand agribusiness group Scales Corporation began trading on the NZX Main Board today following the successful IPO that raised $149 million through the sale of new and existing shares. Read more »

Chapman Tripp Continues to Advise on National Flow of IPOS

Press Release – Chapman Tripp

Chapman Tripps Auckland and Wellington Capital Markets teams have advised Scales Corporation and ikeGPS on this weeks initial public offerings ( IPOs ) and listings on the NZX Main Board. Chapman Tripp has acted for the issuer on six of the nine … Read more »

UPDATE: Scales shares edge lower on NZX debut

Article – BusinessDesk

UPDATE: Scales shares edge lower on NZX debut raising $30M of new capital to repay debt Read more »

Scales shares edge up 0.6% on NZX debut

Article – BusinessDesk

July 25 (BusinessDesk) – Shares in Scales Corp increased 0.6 percent on their NZX debut in the fruit and vegetables logistics company’s $148 million initial public offer. Read more »

ASX-listed InvoCare unit cleared to buy Chch crematoriums

Article – BusinessDesk

July 25 (BusinessDesk) – The Commerce Commission has cleared the way for ASX-listed InvoCare’s Bledisloe New Zealand to buy the 70-year old Cremation Society of Canterbury adding two crematoriums to its New Zealand network. Read more »

MARKET CLOSE: NZ stocks rise on Xero’s NYSE listing plans

Article – BusinessDesk

MARKET CLOSE: NZ stocks rise on Xero’s NYSE listing plans, Telecom climbs to 2008 highs Read more »

Responsible Investments Growing, Outperforming

Press Release – Responsible Investment Association Australasia

Australias most comprehensive report into the responsible investment sector has found the market is undergoing a period of huge growth, with total funds under management in Australia and New Zealand in broad responsible investments increasing by 13% to … Read more »

FMA satisfied with ‘pre-offer’ talks before prospectuses

Article – BusinessDesk

July 24 (BusinessDesk) – The Financial Markets Authority sees no need to regulate how issuers and their book runners communicate with institutional investors prior to a prospectus being registered after criticism offer documents were issued too … Read more »

MARKET CLOSE: NZ shares gain, led by blue-chip stocks

Article – BusinessDesk

July 23 (BusinessDesk) – New Zealand shares gained, led by blue-chip stocks such as Sky Network Television, after the latest high-tech initial public offer fizzled with shares of ikeGPS sinking below its sale price. Read more »

UPDATE: IkeGPS shares drop 14% in debut on tech-flooded NZX

Article – BusinessDesk

July 23 (BusinessDesk) – Shares of IkeGPS Group, which makes portable measuring devices, slid about 14 percent in their debut on the NZX, where investors are spoiled for choice among tech companies. Read more »

IkeGPS shares first trade at $1, shedding 9.1% vs. IPO price

Article – BusinessDesk

July 23 (BusinessDesk) – Shares of IkeGPS Group fell 9.1 percent in their NZX debut after the portable measuring devices maker raised $25 million in new capital to build a sales force and develop its products. Read more »

Postie Plus brand gets 2nd chance with well-funded Pepkor

Article – BusinessDesk

July 23 (BusinessDesk) – The Postie Plus brand is getting a new lease of life after South Africa’s Pepkor bought the failed retailer’s assets out of administration and said it will use its purchasing power to reduce costs of stock and fatten margins. Read more »

Fonterra to lay off up to 110 staff at Waikato packing plant

Article – BusinessDesk

July 23 (BusinessDesk) – Fonterra Cooperative Group, the world’s biggest dairy exporter, may lay off a third of its workers at the Canpac packing facility in Waikato, which it plans to focus on paediatric nutritional products. Read more »

MARKET CLOSE: NZ stocks mixed; A2 gains on China licence

Article – BusinessDesk

July 22 (BusinessDesk) – New Zealand shares were mixed, with the NZX 50 Index edging higher while more stocks fell. A2 Milk Co rose after securing a licence to export infant formula to China, while other so-called growth companies Pacific Edge and … Read more »

Oceania Living mulls listing in midst of rest home boom

Article – BusinessDesk

July 22 (BusinessDesk) – Oceania Living, the retirement village operator owned by funds associated with Macquarie Group, is mulling a public listing, raising funds in a sector that’s in the midst of a building boom aimed at capitalising on an aging … Read more »

UPDATE: A2 Milk shares rise from 15-mth low on China licence

Article – BusinessDesk

UPDATE: A2 Milk shares bounce from 15-month low on Chinese licence; Synlait still waiting Read more »

Regulator’s draft view trims returns for network monopolies

Article – BusinessDesk

Regulator’s draft view on monopoly networks would be $33M a year win for consumers Read more »

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