Germany’s Bauer paid $7M for APN’s magazines

Article – BusinessDesk

July 7 (BusinessDesk) APN News & Media sold the New Zealand Womans Weekly, The Listener, Simply You, Simply You Living and Crme to Germanys Bauer Media Group for $7 million. Read more »

MARKET CLOSE: NZ shares rise, NZX gains on IPOs

Article – BusinessDesk

July 4 (BusinessDesk) – New Zealand shares rose as investors mulled the latest in a series of initial public offerings. NZX paced gains on the promise of a growing capital market. Xero, Mainfreight and Fletcher Building rose. Read more »

UPDATE: Vista Group to raise $40M, freeze dividends

Article – BusinessDesk

July 4 (BusinessDesk) – Vista Group International, the cinema software developer and film distribution company, will freeze dividend payments for at least two years and raise up to $40 million of new capital in a drive for international growth. Read more »

Marsden Point makes margin gains with greater natural use

Article – BusinessDesk

July 4 (BusinessDesk) – New Zealand’s Marsden Point oil refinery is taking advantage of historically low wholesale prices for locally produced natural gas to improve its refining margins as electricity companies, in particular, continue to use far … Read more »

Surge in Mosman price impacts Aorere net asset value

Press Release – Aorere Resources

Aorere Resources Limited holds approximately 13.1% of this AIM listed company, and will hold 12.3% after the recently announced Trident acquisition is completed. Read more »

Vista Entertainment Solutions the latest tech firm to IPO

Article – BusinessDesk

Jul. 4 (BusinessDesk) – Vista Entertainment Solutions, a cinema ticketing software developer and film distribution company, is looking to raise up to $100.3 million in its float next month, but won’t pay any dividends until 2016 as it uses capital … Read more »

Metroglass bookbuild sets sale price at $1.70: sources

Article – BusinessDesk

July 4 (BusinessDesk) – Metro Performance Glass, New Zealand’s largest glass maker, will sell shares at $1.70 apiece in an initial public offering, near the bottom of the range, say institutional investors who had previously baulked at Hirepool’s offer. Read more »

Scales to sell shares at $1.60, bottom of range, in IPO

Article – BusinessDesk

July 4 (BusinessDesk) – Scales Corp, the fruit and vegetable logistics group, will sell shares at the bottom of its indicative range in a $148.8 million initial public offer. Read more »

Air NZ boss Luxon to sit on Virgin board

Article – BusinessDesk

July 4 (BusinessDesk) – Air New Zealand boss Christopher Luxon has been appointed to Virgin Australia’s board alongside its fellow investors in the Australian airline from Etihad Airways and Singapore Airlines. Read more »

Summerset 2Q sales growth stalls as development in focus

Article – BusinessDesk

July 4 (BusinessDesk) – Second quarter growth stalled in the sale of occupation rights at retirement village operator Summerset Group as it focuses on developing villages for future growth. Read more »

MARKET CLOSE: NZ shares rise, paced by Tower, Meridian

Article – BusinessDesk

July 3 (BusinessDesk) – New Zealand shares rose, paced by Tower, Meridian Energy and Diligent Board Member Services as institutions turned their attention to offers of shares from Metro Performance Glass and Scales Corp, seeking to raise up to a … Read more »

Metroglass, Scales likely to get over the line

Article – BusinessDesk

July 3 (BusinessDesk) – Metro Performance Glass and Scales Corp, seeking to raise a combined total from selling shares of about $460 million, are likely to succeed in their initial public offerings, investors say. Read more »

Ryman buys Wellington site from Foodstuffs

Article – BusinessDesk

July 3 (BusinessDesk) – Ryman Healthcare, the country’s biggest listed retirement village operator and developer, has bought land in Wellington which it plans to turn into a boutique village. Read more »

Metroglass float in the hands of institutions to set price

Article – BusinessDesk

July 3 (BusinessDesk) A draft prospectus for the float of Metro Performance Glass has been in the hands of fund managers since Monday and they will set the price of the float tomorrow when a bookbuild is completed. Read more »

NZX share trading rebounds in June, following a dip in May

Article – BusinessDesk

July 3 (BusinessDesk) – The volume of New Zealand share trading rebounded in June, following a dip in May which ended a 20-month run of gains. Read more »

MARKET CLOSE: NZ shares gain, led by Diligent, Fletcher

Article – BusinessDesk

July 2 (BusinessDesk) – New Zealand shares rose, joining a rally across the Asia-Pacific region after manufacturing data stoked optimism about global growth. Diligent Board Member Services and Xero led gains among tech stocks. Goodman Fielder fell after … Read more »

Vocus agrees to buy FX Networks for $115.8M including debt

Article – BusinessDesk

July 2 (BusinessDesk) – Vocus Communications, the ASX-listed telecommunications company, agreed to buy FX Networks for $115.8 million including debt, gaining a New Zealand fibre optic cable network operator it says will add to earnings in its first year. … Read more »

Xero board seeks 70% boost to fee pool at AGM

Article – BusinessDesk

July 2 (BusinessDesk) – Xero’s board is seeking a 70 percent boost to its pool for directors’ fees, having bolstered its governance team with former Microsoft chief financial officer Chris Liddell taking over the chair in February. Read more »

Goodman Fielder board agrees to slimmed down offer

Article – BusinessDesk

July 2 (BusinessDesk) – Goodman Fielder’s directors have given support to a reduced takeover proposal from Singapore-based Wilmar International and Hong Kong-listed investment firm First Pacific Co, who lowered their price by about 3.6 percent after … Read more »

Utilico emerges as 13.6% holder of Smiths City

Article – BusinessDesk

Utilico emerges as 13.6% holder of Smiths City as Rich Lister Holdworth sells out Read more »

« Previous PageNext Page »