Plexure’s annualised revenue rises to $7.1M

Press Release – BusinessDesk

Sept. 29 (BusinessDesk) – Plexure Group, the digital advertising firm formerly known as VMob, has increased annualised committed monthly revenue (ACMR) by almost a third with a view to reaching $10 million mark by the end of the year, and is considering … Read more »

Hellaby board sees more value in company than Bapcor bid

Article – BusinessDesk

Hellaby board sees ‘significantly’ more value in company than Bapcor’s $322.5M bid, MD Clarke says Read more »

NZ shares drop, Orion Health and Xero lead index lower

Article – BusinessDesk

MARKET CLOSE: NZ shares drop, Orion Health and Xero lead index lower while Air NZ bounces Read more »

74% share price slump ‘a bit of an overreaction’

Article – BusinessDesk

Sept. 27 (BusinessDesk) – Intueri Education Group chairman Chris Kelly says the market has had “a bit of an overreaction” to today’s news that an Australian government audit of its subsidiaries across the Tasman could threaten the viability of the company, … Read more »

UPDATE: Hellaby shares climb 8.6%

Article – BusinessDesk

Sept. 27 (BusinessDesk) – Hellaby Holdings shares climbed 8.6 percent to $3.29, just below the price offered by Australian-listed autoparts firm Bapcor’s $322.5 million takeover bid. Read more »

Tauranga angel network launches new crowdfunding platform

Article – BusinessDesk

Tauranga’s Enterprise Angels network of investors in early stage companies has launched a new crowdfunding platform to make it easier for sophisticated investors to access those opportunities. Read more »

While you were sleeping: Stocks slide before debate

Article – BusinessDesk

Sept. 27 (BusinessDesk) – Wall Street fell ahead of the first US presidential debate between candidates Hillary Clinton and Donald Trump. Read more »

Volkswagen scandal “game changer” for financial markets

Press Release – University of Otago

The Volkswagen diesel emission cheating scandal has become one of the most significant business stories in decades, so powerful and sustained that it fundamentally changed the way the financial markets operate, according to a new study by Professor David … Read more »

Orion Health: strong kiwi weighing on revenue, cash position

Article – BusinessDesk

Orion Health, the health software developer, is still on track to return to profit in 2018, though the strength of the kiwi is crimping revenue in local currency terms and drained more cash than anticipated. Read more »

Investors punish Tower stock on ongoing quake exposure

Article – BusinessDesk

Sept. 22 (BusinessDesk) – Sept. 21 (BusinessDesk) – Tower’s stock gained today after a report the general insurer could be a takeover target but the insurer has shed half its value in the past 12 months on signs prolonged exposure to Canterbury earthquake … Read more »

Update: Trilogy shares slump on FY2017 guidance

Article – BusinessDesk

Sept. 22 (BusinessDesk) – Shares of Trilogy International, which have almost tripled in the past 12 months, dropped to a three-month low after the skincare and home fragrance company raised its full-year sales guidance for a second time, suggesting investors … Read more »

Trilogy International shares slump 14% on FY2017 guidance

Article – BusinessDesk

Sept. 22 (BusinessDesk) – Shares in stock-market darling Trilogy International slumped 14 percent after the skincare and home fragrance company told investors at its annual general meeting in Auckland it expects to achieve revenue of $100 million or above … Read more »

Zespri sets out plan to replace chief executive Lain Jager

Article – BusinessDesk

Zespri International, the kiwifruit marketer, is to start the search for a new chief executive next year, with a plan to have the successful candidate in place for the start of 2018. Read more »

Zespri Board announces succession planning for new CEO

Press Release – Zespri

The Board of Directors of Zespri will start a search process next year to select a new Chief Executive Officer. The succession is being planned with a view to having the new CEO in place by the beginning of 2018. Read more »

Finding outstanding portfolio funds performance

Press Release – Invespectra

Waikato investors in managed fund portfolios are the first being asked to join a new national consumer investor organization and an allied independent ranking of portfolio of funds performances to be supplied by new-comer Invespectra. The promise … Read more »

NZ Merino lifts annual profit 19%, meets growth targets

Press Release – BusinessDesk

New Zealand Merino Co, a wool marketer that aims to develop higher-value markets for sheep products, posted a 19 percent lift in annual profit and said its business has doubled in value over the past three years. Read more »

Sale to China of Silver Fern Farms a Reward for Deceit

Press Release – New Zealand First Party

The governments approval today for Silver Fern Farms to sell 50 per cent to Chinese company Shanghai Maling is nothing more than a reward for deceitful misrepresentation. Read more »

While you were sleeping: Wall St inches higher

Article – BusinessDesk

Sept. 20 (BusinessDesk) – Wall Street moved higher, while the US dollar slid, as investors await the outcome of the Federal Reserve policy meeting on Wednesday to gauge the timing of the next interest rate increase. Read more »

MARKET CLOSE: NZ shares gain, led by Stride Property

Article – BusinessDesk

Sept. 19 (BusinessDesk) – New Zealand shares rose as some investors rummaged for bargains left over from last week’s sell-off, with decisions on interest rates in the United States and Japan expected to dominate trading this week. Stride Property, … Read more »

NZ shares rise, snapping six-day losing streak

Article – BusinessDesk

MARKET CLOSE: NZ shares rise, snapping six-day losing streak, led by NZ Refining, Xero and SkyCity Read more »

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