Business Scoop


Sharesies becomes B Corp certified

Press Release – Sharesies

In just over 18 months, Sharesies has attracted more than 41,000 investors, with nearly $46M in funds under management. This is money that, if Sharesies didnt exist, would likely not have been invested. And now were proud to announce that … Read more »

UPDATE: Tourism Holdings falls 24% after lowering guidance

Article – BusinessDesk

April 18 (BusinessDesk) – Tourism Holdings shares fell 24 percent when trading opened after the company lowered its full-year earnings guidance by as much as 22 percent and said a decisive operation and capital review of its US operations is now under … Read more »

FMA alleges market manipulation by Oceania Natural directors

Article – BusinessDesk

April 15 (BusinessDesk) – Three directors of Oceania Natural, a marketer of Manuka honey products and noni juice, are among four individuals facing legal action from the Financial Markets Authority. Read more »

CORRECT: Vital manager and trustee refuse to answer on fees

Article – BusinessDesk

April 15 (BusinessDesk) – Both Vital Healthcare Property Trusts trustee and its manager have refused to answer questions about what authority the manager had to charge Vital for various fees. Read more »

Infratil’s CDC forecasts 50% run-rate ebitda growth

Article – BusinessDesk

April 11 (BusinessDesk) – Canberra Data Centres expects to grow its operating profit run-rate by more than 50 percent this year after increasing it by 35 percent in the March year just gone. Read more »

Infratil forecasts likely fall in operating earnings

Article – BusinessDesk

April 10 (BusinessDesk) – Infratil says it expects operating earnings could fall in the year ending March 2020 not including incentive fees. Read more »

Chorus fibre connection growth outpaces copper line decline

Article – BusinessDesk

April 10 (BusinessDesk) – Chorus added more broadband connections than it lost in the March quarter as growing demand for fibre outpaced its copper losses in areas where it isn’t building the ulftrafast broadband network. Read more »

Mainzeal Cross-Appeal Claims Compensation of $73m

Press Release – BDO New Zealand

Following the appeals lodged by the former directors of Mainzeal, the liquidators of the failed construction group have filed cross-appeals on behalf of the companies and their unpaid subcontractors and creditors. Read more »

PaySauce says March qtr recurring revenue more than doubled

Press Release – BusinessDesk

April 9 (BusinessDesk) – Payroll software provider PaySauce says its recurring revenue more than doubled in the March quarter and its customer numbers jumped 86 percent from a year earlier. Read more »

Craigs: sell Summerset, buy Gentrack and Scales

Article – BusinessDesk

April 8 (BusinessDesk) – Craigs Investment Partners is recommending investors sell shares in retirement village operator Summerset Group and to buy shares in utilities software provider Gentrack. Read more »

CORRECT: Why is Abano doing it so tough in Australia?

Article – BusinessDesk

(Corrects fourth par to show the share price record occurred after the takeover failed and corrects date of takeover launch in fifth par) Read more »

NZ share trading cools in record-breaking market

Article – BusinessDesk

April 3 (BusinessDesk) – Share trading on New Zealand’s stock market cooled in March as the benchmark index spent much of the month chalking up new records in an environment in which interest rates are expected to go even lower. Read more »

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