MARKET CLOSE: NZ shares rise; Spark, Meridian gain

Article – BusinessDesk

April 24 (BusinessDesk) – New Zealand shares rose, paced by Spark New Zealand and Meridian Energy, as investors sought dividend paying stocks. Xero dropped after it reported its full year loss nearly doubled. Read more »

Spark’s market cap slips, as investors weigh competition

Article – BusinessDesk

April 24 (BusinessDesk) – Spark New Zealand, formerly Telecom Corp, has slipped from being the countrys largest listed company, as investors mull its transformation away from telecommunications and the risk of increased competition. Read more »

Xero annual loss widens as company ramps up investment

Article – BusinessDesk

April 24 (BusinessDesk) – Xero, the cloud-based accounting software firm, said its annual loss widened even as sales rose, after it increased investment in product development, sales and marketing for future growth. Read more »

Mercer’s CEO Shepherd, CFO Blathwayt quit the manufacturer

Article – BusinessDesk

April 24 (BusinessDesk) – Rodger Shepherd, the chief executive of Mercer Group, and Tobin Blathwayt, its chief financial officer, will both leave the stainless steel fabricator and manufacturer after four years with the company. Read more »

Gold pulled in two directions – strong dollar Vs safehaven

Press Release – GoldMoney

Gold prices may have slipped to three week lows this week, but it hasnt been all gloom and doom with online physical metals trading platform, GoldMoney, reporting some interest in both gold and platinum. Read more »

MARKET CLOSE: NZ shares fall, as Trustpower sale weighs

Article – BusinessDesk

April 23 (BusinessDesk) – New Zealand shares fell, paced by power and broadband company Trustpower as a major shareholder reduced its stake. Spark New Zealand, MightyRiverPower and Contact Energy also declined. Read more »

Local market suspended in flat

Press Release – CMC Markets

Mixed leads overnight set the tone for Thursday trading. Investors were still pondering inflation numbers and what it means for the timing of a future rate cut. High yielding stocks were under scrutiny and were subjected to downward pressure. The big banks … Read more »

Unlisted, NZX trade snipes over exemption from market rules

Article – BusinessDesk

April 23 (BusinessDesk) – Unlisted, the share trading platform, is rejecting claims by the stock market operator NZX that its request to be exempted from new rules requiring it become a licensed market could undermine confidence in New Zealand’s financial … Read more »

Conflict risk remains for financial advisers, says FMA poll

Article – BusinessDesk

April 23 (BusinessDesk) – The Financial Markets Authority’s inaugural survey of authorised financial advisers show there’s still scope for conflicts of interest, with some advisers aligned to a single product provider or getting paid volume bonuses. Read more »

TECT Diversifies

Press Release – Metro Marketing

In the interests of diversifying its investment portfolio, Tauranga Energy Consumer Trust (TECT) has sold 20 million of its shares in Trustpower. This reduces TECTs holding from 33.2 per cent to 26.8 per cent of shares in the company. The shares … Read more »

PushPay to raise $13.8 million from shareholders

Article – BusinessDesk

April 23 (BusinessDesk) – PushPay Holdings, the NZAX-listed mobile payment app developer, is looking to raise $13.8 million from its New Zealand-based shareholders via a discounted share offer. Read more »

Goldman Sachs NZ sales drop in 2014

Article – BusinessDesk

Goldman Sachs NZ sales drop in year of fewer high-profile deals, more offshore work Read more »

Pushpay to raise $13.8m to fund US growth

Press Release – Pushpay

Pushpay Holdings Limited (NZAX:PAY) (Pushpay or the Company) announces that it intends to undertake a pro-rata non-renounceable entitlement offer to raise a total of $13.8 million (before costs). Read more »

GeoOp doubles annual sales as it chases US customers

Article – BusinessDesk

April 23 (BusinessDesk) – GeoOp, the workforce management app, said annual sales doubled after a strong pick up in customers in the last month of its financial year. Read more »

‘Contentious posturing’ paying off, says UK fund manager

Article – BusinessDesk

April 22 (BusinessDesk) – Hugh Hendry, one of Britains highest profile hedge fund managers, has told New Zealand institutional investors his 2013 conversion from a bearish to bullish outlook is starting to pay off. Read more »

MARKET CLOSE: NZ shares fall; Meridian drops

Article – BusinessDesk

April 22 (BusinessDesk) – New Zealand share fell, paced by Meridian Energy as its upcoming installment payment weighed on the market. Spark New Zealand fell to a near eight-month low. Read more »

Opus says earnings hurt by oil, resources downturn

Article – BusinessDesk

April 22 (BusinessDesk) – Opus International Consultants, the listed engineering firm, says the 2015 year is mixed so far, with earnings in Canada and Australia hurt by weak oil prices and a downturn in the resources sector respectively, while a buoyant … Read more »

Vital leases Gold Coast hospital for $2.4M a year

Article – BusinessDesk

April 22 (BusinessDesk) – Vital Healthcare Property Trust has leased its Gold Coast hospital to Ramsay Health Care, an international hospital provider, for the next 21 years. Read more »

MARKET CLOSE: NZ shares fall; Spark, MRP, Meridian drop

Article – BusinessDesk

April 21 (BusinessDesk) – New Zealand shares fell, paced by Meridian Energy as traders sold the stock ahead of its second installment date coming due. Spark New Zealand and MightyRiverPower fell as investors looked to book recent gains Read more »

Unlisted seeks exemption from new financial market rules

Article – BusinessDesk

April 21 (BusinessDesk) – Unlisted, the share trading platform, is petitioning Commerce Minister Craig Foss for exemption from a rule change requiring it to be licenced by the Financial Markets Authority, saying the cost would be prohibitive for its … Read more »

Next Page »