MARKET CLOSE: NZ shares follow Wall Street higher

Article – BusinessDesk

Sept. 19 (BusinessDesk) – New Zealand shares rose in a global rally as Wall Street climbed to records overnight, while a falling New Zealand dollar further supported local stocks. Kathmandu Holdings rose, paced by Fletcher Building and A2 Milk Co. Read more »

Vocus declares FX Networks acquisition unconditional

Article – BusinessDesk

Sept. 19 (BusinessDesk) – Vocus Communications, the ASX-listed telecommunications company, has declared its $115.8 million acquisition of privately owned New Zealand fibre optic cable network operator FX Networks unconditional. Read more »

Goodman to spend $33.4M on developments

Article – BusinessDesk

Sept. 19 (BusinessDesk) – Goodman Property Trust, which is selling assets to fund development, will spend $33.4 million on four developments and has sold the Carter Holt Harvey Packaging Facility in Christchurch for $16.37 million to an undisclosed … Read more »

Council’s Lyttelton Port takeover goes unconditional

Article – BusinessDesk

Sept. 19 (BusinessDesk) – Christchurch City Holdings, the city council’s investment and infrastructure unit, has declared its takeover of Lyttelton Port Co unconditional after satisfying the last of its requirements. Read more »

Chorus takes aim at ‘Boost’ criticisms

Article – BusinessDesk

Sept. 19 (BusinessDesk) – Chorus, the telecommunications network operator, has hit back at claims its proposed Boost variant services would breach the terms of its regulation, saying the regulator’s legal advice is at odds with the law, and needs … Read more »

MARKET CLOSE: NZ shares bounce from month-low; Spark gains

Article – BusinessDesk

Sept. 18 (BusinessDesk) – New Zealand shares rose from a month-low as the prospect of low US interest rates lured overseas investors seeking high-yield assets. Meridian Energy and Spark New Zealand paced the gain. Read more »

Trilogy flags return to profit in first half

Article – BusinessDesk

Sept. 18 (BusinessDesk) – Trilogy International, the skincare and scented candle company, expects to return to profit in the first half of its financial year as Australian sales pick up. Read more »

NZF flags reverse listing with unidentified business

Article – BusinessDesk

Sept. 18 (BusinessDesk) – NZF Group, the financial services company, has entered into a non-binding agreement with an unidentified business for a possible reverse listing, and expects to acquire it by the end of the month. Read more »

MARKET CLOSE: NZ shares fall as Spark drops ahead of Fed

Article – BusinessDesk

Sept. 17 (BusinessDesk) – New Zealand shares fell, paced by Spark New Zealand, as offshore investors sold yield stocks on the prospect the US Federal Reserve may start hiking rates sooner than anticipated, and increasing the returns on offer in the … Read more »

Burgerfuel Opens Egypt No.2

Press Release – BurgerFuel

BurgerFuel Worldwide has announced the opening of their second restaurant in Cairo, Egypt this week, closely following the opening of the first in Maadi, Cairo, in May of this year. Read more »

Ryman expands board as veteran director Clements departs

Article – BusinessDesk

Sept. 17 (BusinessDesk) – Ryman Healthcare, the country’s biggest listed retirement village operator, is expanding its board with two new hires, as 15-year veteran director Andrew Clements departs. Read more »

RESEND: Restaurant Brands 2Q sales rise 5.8%

Article – BusinessDesk

RESEND: Restaurant Brands 2Q sales rise 5.8%, boosted by KFC promotions, Carl’s Jr expansion Read more »

Restaurant Brands 2Q sales rise, boosted by KFC, Carl’s Jr

Article – BusinessDesk

Restaurant Brands 2Q sales rise 5.8%, boosted by KFC promotions, Carl’s Jr expansion Read more »

S&P affirms NZ Post rating, cuts hybrid notes to ‘junk’

Article – BusinessDesk

Sept. 17 (BusinessDesk) – Standard & Poor’s affirmed New Zealand Post’s issuer credit and related debt rating at A+/A-1 with a long term negative outlook, while cutting its hybrid notes to ‘junk’ status. Read more »

Snakk mulls employee shares in remuneration packages

Article – BusinessDesk

Sept. 17 (BusinessDesk) – NZAX-listed Snakk Media is considering offering employees shares in the company as part of their remuneration package. Read more »

Pyne Gould looks to oust EPIC directors, boost its stake

Article – BusinessDesk

Sept. 16 (BusinessDesk) – Pyne Could Corp, the asset management firm controlled by George Kerr, is seeking the removal of two directors of Equity Partners Infrastructure Company No.1, as it looks to boost its stake to almost half. Read more »

MARKET CLOSE: NZ shares fall, led by Summerset

Article – BusinessDesk

Sept. 16 (BusinessDesk) – New Zealand shares fell, led by Summerset Group Holdings, as the prospect of new rivals weighed on listed retirement village operators. Stocks with regulatory pressure, such as Air New Zealand, Chorus and energy companies fell … Read more »

UPDATE: Warehouse rated a ‘sell’ as investors eye 2015

Article – BusinessDesk

UPDATE: Warehouse rated a ‘sell’ as investors await proof 2015 will show return on investments Read more »

Seniors would sell 9.4% Heartland stake when escrow lifts

Article – BusinessDesk

Sept. 16 (BusinessDesk) – Seniors Money International, which sold its ‘home equity release’ mortgage business to Heartland New Zealand for $87 million this year, would sell the 9.4 percent stake it got in the lender as part payment once a 12-month lock-up … Read more »

Warehouse rated a ‘sell’ as investors eye 2015

Article – BusinessDesk

Sept. 16 (BusinessDesk) – Warehouse Group faces a year of reckoning as investors await evidence that New Zealands largest listed retailer will get a return on the hundreds of millions of dollars spent overhauling stores and buying new businesses … Read more »

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