Investors Cautious Ahead of Slew of Economic Data

Press Release – ThinkMarkets

Investors are overly cautious today and they have adopted a wait and see strategy. This is an immensely important week in terms of economic data and we may see some serious firecrackers which lightens up some bonfire. We could potentially see massive … Read more »

World Week Ahead: Earnings optimism increases

Article – BusinessDesk

Oct. 24 (BusinessDesk) – As the latest corporate earnings season gathers steam, with Apple and Alphabet among the US companies reporting this week, so is optimism about the outlook. Read more »

Sky TV’s Fellet say submissions against merger ‘misleading’

Article – BusinessDesk

Oct. 20 (BusinessDesk) – Sky Network Television chief executive John Fellet has hit out at submissions opposing the pay-television broadcasters planned $3.44 billion merger with Vodafone, describing them as unified by their predictability and misleading … Read more »

LazyAz Founder Ditches Harvard Acceptance

Press Release – LazyAz

Auckland, 20 October 2016 New Zealand company, LazyAz is looking to revolutionise retail with its application based on-demand delivery service that connects with brick and mortar shops. They are seeking to raise between $75,000 and $200,000 from the … Read more »

Mercer Group shares at record low; outlook uncertain

Article – BusinessDesk

Oct. 20 (BusinessDesk) – Mercer Group shares are languishing unloved at a record low on the stock exchange as the unprofitable stainless steel fabricator restructures its operations, undertakes a refinancing to keep it afloat, and faces questions about … Read more »

2016 annual meeting’s Chair and Chief Executive addresses

Speech – Auckland Airport

Shareholders, it is my pleasure to again present the Chairs report at this annual meeting. Read more »

Redemption of quoted bonds and New Trustpower offer

Press Release – TrustPower

Trustpower Update on implementation of the Demerger, the Redemption of quoted Trustpower Bonds and New Trustpower’s offer of senior bonds Granting of Final Court Orders and implementation of the Demerger Read more »

Intueri granted extension to respond to Australian audits

Article – BusinessDesk

Oct. 19 (BusinessDesk) – Intueri Education Group has been granted an extension to respond to audits of its Australian subsidiaries Online Courses Australia and Conwal& Associates by the Australian Skills Quality Authority. Read more »

King Salmon rises 3.6% in NZX debut

Article – BusinessDesk

CORRECT: King Salmon rises 3.6% in NZX debut after existing shareholders use IPO to trim holdings Read more »

Ebos sees full-year profit growth of 7-10%

Article – BusinessDesk

Ebos first-quarter trading ‘positive’, sees full-year profit growth of 7-10% on constant currency basis Read more »

Chapman Tripp Acts On NZ King Salmon IPO

Press Release – Chapman Tripp

Chapman Tripp has advised New Zealand King Salmon on its IPO and dual listing on the NZX Main Board and ASX today (19 October). Read more »

Businesses Launch Global Sustainability Standard

Press Release – Global Reporting Initiative

Palmerston North, New Zealand (Wednesday 19 October, 2016) A new global standard for sustainability reporting is being launched this week by the Global Reporting Initiative (GRI). Read more »

Tourism Holdings says 2017 profit may rise as much as 17%

Article – BusinessDesk

Oct. 18 (BusinessDesk) – Tourism Holdings said profit in the 2017 year may rise as much as 17 percent as the campervan rental company benefits from increased visitor numbers and is open to acquisitionswhich could be funded by debt. Read more »

Steel & Tube buys Composite Floor Decks for $13.3 mln

Article – BusinessDesk

Steel & Tube Holdings will buy Composite Floor Decks, which supplies and installs composite floor decking, for $13.3 million, with a further $3 million possible based on its performance over the next two years. Read more »

High-Frequency Trading – Simplified MiFID-II Compliance

Press Release – Endace

Endaces new Provenance capability enables financial traders to easily and reliably watermark captured trade data with timing data required for MIFID-II compliance Read more »

Air NZ sells remaining stake in Virgin Australia

Article – BusinessDesk

Air New Zealand has sold its remaining stake in Virgin Australia for A$65.7 million. In its monthly update to investors, the company said the sale was an off-market transaction with investors including the Nanshan Group. Read more »

Appeal court knocks back Feltex shareholder suit

Article – BusinessDesk

Oct. 12 (BusinessDesk) – The Court of Appeal has dismissed former Feltex Carpets shareholder Eric Houghton’s long-running suit against the promoters and directors of the failed carpet-maker, saying the only conduct that could be deemed misleading … Read more »

Judgment – Feltex Investors: Houghton v Saunders and ors

Press Release – NZ Court of Appeal

1. The Court of Appeal today upheld a High Court decision that found investors in Feltex Carpets Ltd were not entitled to compensation under the Securities Act 1978[1] for allegedly untrue statements in the companys share prospectus. Read more »

Stewart family emerges with substantial stake in SeaDragon

Article – BusinessDesk

Christchurch’s rich-lister Stewart family has built up a substantial stake in SeaDragon, exercising more than half the rights issued to prop up the fish oil manufacturer. Read more »

SeaDragon Enjoys Strong Support for Rights Issue

Press Release – SeaDragon

Acceptances and over subscriptions for one-for-two renounceable rights offer raise $8.8 million, representing 70.03% of rights issued New Zealands largest refiner and blender of Omega-3 fish oils SeaDragon is enjoying strong support for its ongoing … Read more »

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