Comvita buys 20% stake in Uruguay’s Apiter for US$6.25M

Article – BusinessDesk

Comvita said it has acquired 20 percent of Uruguay’s Apiter for US$6.25 million and signed a long-term supply agreement to secure another source of propolis for sales into Asia. Read more »

Powerhouse to sell $1 mln stake in Invert Robotics

Article – BusinessDesk

Powerhouse to sell $1 mln stake in Invert Robotics, trimming holding by almost a quarter Read more »

NZ Super Fund undecided on Bloom Energy stake after IPO docs

Article – BusinessDesk

The New Zealand Superannuation Fund hasn’t decided on what to do with its stake in US fuel cell maker Bloom Energy, which yesterday signalled plans to go public. Read more »

NZ Shareholders Assn wary of CBL restructure

Article – BusinessDesk

June 11 (BusinessDesk) – The New Zealand Shareholders Association wants to see the fine print of a restructuring plan put forward by CBL Corp directors Peter Harris and Alistair Hutchison, and is wary such a proposal could jeopardise legal remedies … Read more »

Tegel recommends investors accept takeover offer

Article – BusinessDesk

June 11 (BusinessDesk) – Tegel Group Holdings, the poultry group which listed on the NZX two years ago, posted a 24 percent drop in annual profit and recommended shareholders accept a $437.8 million takeover offer from Philippines poultry company … Read more »

Meridian Energy offers up to $200 mln in retail bond offer

Article – BusinessDesk

June 11 (BusinessDesk) – Meridian Energy is offering up to $200 million in seven-year unsecured, unsubordinated fixed rate bonds to institutional and New Zealand retail investors. Read more »

Kiwi Property names Clive Mackenzie as new CEO

Article – BusinessDesk

Kiwi Property Group, which manages a $3.1 billion portfolio of shopping centres and office buildings, has appointed Clive Mackenzie as chief executive, effective July 16, replacing Chris Gudgeon. Read more »

Expanding Investor Confidence

Press Release – CMC Markets

Overnight market action suggests investor confidence is growing. The European Central Banks chief economist said withdrawal of accommodation was a live issue at next weeks meeting. The Euro surged and European bonds sold off. However stocks on … Read more »

NZX trading continues to lift in May on low interest rates

Article – BusinessDesk

NZX share trading continues to lift in May as low interest rates keep investors keen Read more »

Extension and expansion of bank facility

Press Release – Vital Healthcare Property Trust

Vital Healthcare Property Trust (Vital) announced today that it has extended and expanded its existing bank facility adding A$100m of additional capacity. Read more »

NZK confirms FY18 and provides FY19 guidance

Press Release – New Zealand King Salmon

The directors of New Zealand King Salmon Investments Limited (NZX and ASX: NZK) have indicated that pro-forma operating EBITDA , for the twelve months to 30 June 2018, is likely to be at the upper end or slightly above the guidance range of $24.5m to … Read more »

Simplicity Divestment Shows Turning Tide Against Fossil Fuel

Press Release – 350 Aotearoa

350 Aotearoa is congratulating KiwiSaver provider, Simplicity, on their decision to divest from fossil fuels, weapons, tobacco and pornorgaphy, calling it an outstanding example of people using their power to push institutions like Simplicity to take … Read more »

Booster First into SRI Global Corporate Bonds Market

Press Release – Booster Financial Services

Wellington, 31 May 2018 Booster Financial Services continues to lead the way in socially responsible investments (SRI) by today confirming its commitment to seed a new global bond fund product. Read more »

Sharesies celebrates first year in business

Press Release – Sharesies

Online investment platform sees 15,410 customers sign up and $15.7m invested in 12 months Read more »

Plexure shares soar 26% on revenue gains, cost cutting

Article – BusinessDesk

May 30 (BusinessDesk) – Plexure Group shares jumped 26 percent as the mobile voucher firm started generating positive cash flow after slashing costs and building sales momentum. Read more »

Stride Property posts flat earnings

Article – BusinessDesk

May 30 (BusinessDesk) – Stride Property Group posted flat annual earnings as it beds in a new strategy and reshaped portfolio where it clips the ticket as a property manager as well as directly owning real estate. Read more »

Tilt says Citigroup, Forsyth Barr to underwrite A$300M raise

Article – BusinessDesk

May 30 (BusinessDesk) – Tilt Renewables has entered into an agreement with Citigroup Global Markets and Forsyth Barr Group to underwrite a A$300 million equity raising should it be successful in its bid for a 15-year power contract with the Victorian … Read more »

Gentrack lifts 1H earnings 80%, sees strong opportunities

Article – BusinessDesk

May 30 (BusinessDesk) – Gentrack Group lifted first-half earnings 80 percent as the utilities software developer benefited from new projects and acquisitions made last year and said it had a strong pipeline of opportunities. Read more »

ANZ New Zealand announces sale of OnePath Life NZ to Cigna

Press Release – ANZ Bank

– 20-year strategic alliance to provide insurance to ANZ customers – ANZ Bank New Zealand Ltd today announced it has agreed to sell OnePath Life NZ Limited for NZ$700 million to Cigna Corporation, a specialist insurance business that has been providing … Read more »

NZD falls below 69 US cents as Italy remains in focus

Article – BusinessDesk

NZ dollar falls below 69 US cents as Italy remains in focus, stability report looms Read more »

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