Investors go through 9 market cycles throughout their life

Article – BusinessDesk

July 29 (BusinessDesk) – An investor is likely to go through nine market upturns and downturns over their lifetime, according to research into market cycles by global asset management firm Russell Investments. Read more »

UPDATE: Abano shares gain as earnings, dividend impress

Article – BusinessDesk

July 29 (BusinessDesk) – Abano Healthcare shares gained after the specialist medical investor lifted underlying earnings 46 percent, and paid a fatter dividend, underpinned by its dental and audiology businesses. Read more »

Coats to take loss on ‘difficult’ sale of EMEA Crafts unit

Article – BusinessDesk

July 29 (BusinessDesk) – Coats Group, the company that grew out of diversified investor Guinness Peat Group, says the sale of its EMEA Crafts business to Aurelius Group will be completed on Friday although the loss on sale won’t be announced until its … Read more »

NZ dollar gains before Wheeler speech, as stocks rebound

Article – BusinessDesk

July 29 (BusinessDesk) – The New Zealand dollar rose ahead of a speech by Reserve Bank governor Graeme Wheeler, on speculation he may soften his language about an easing bias, and after stocks rebounded and commodities gained. Read more »

NZ dollar gains as Beijing tries to support stocks

Article – BusinessDesk

July 28 (BusinessDesk) – The New Zealand dollar rose after Beijing said it was continuing efforts to support the ailing Chinese stock market, slowing their decline, while locally traders await a speech by the Reserve Bank governor tomorrow. Read more »

NZ institutional investors set up new governance forum

Article – BusinessDesk

July 28 (BusinessDesk) – A group of New Zealands leading institutional investors plan to flex their investment muscle over corporate governance through a newly set up forum. Read more »

Green Cross declares 15 cent special dividend

Article – BusinessDesk

July 28 (BusinessDesk) – Green Cross Health, formerly known as PharmacyBrands, will return $20.3 million to shareholders through a special dividend after reviewing its capital structure. Read more »

A2’s Babidge has 730% return upon settling partly-paid stock

Article – BusinessDesk

A2’s Babidge sitting on 730% return after settling partly-paid shares worth $4.98 mln Read more »

SeaDragon sees 60% boost in 2016 sales, positive earnings

Article – BusinessDesk

July 28 (BusinessDesk) – SeaDragon, which this month announced plans for a deeply discounted rights issue, expects annual sales to rise 60 percent in 2016, helping generate positive pretax earnings. Read more »

MARKET CLOSE: NZ shares fall; MRP, Genesis, Fletcher decline

Article – BusinessDesk

July 27 (BusinessDesk) – New Zealand shares fell in lighter than usual trading, led by MightyRiverPower, as investors wait on a decision over the future of the Tiwai Point aluminium smelter. Fletcher Building and Ebos Group declined. Read more »

G3 reports first quarter metrics in line with targets

Article – BusinessDesk

July 27 (BusinessDesk) – G3 Group, the mail operations and document management company which is listed on the new small-cap NXT market, says first-quarter trading was in line with targets. Read more »

MARKET CLOSE: NZ shares extend fall on OCR disappointment

Article – BusinessDesk

July 24 (BusinessDesk) – New Zealand shares extended their fall from a record, led by Meridian Energy, as investors remained disappointed by yesterday’s smaller interest rate cut than expected. Genesis Energy and Fletcher Building declined. Read more »

Briscoe makes five-for-9 cash and scrip offer for Kathmandu

Article – BusinessDesk

July 24 (BusinessDesk) – Briscoe Group, the retailer controlled by managing director Rod Duke, is offering Kathmandu Holdings shareholders a mixture of cash and scrip which equates to a 5 cent premium on the outdoor equipment retailer’s last share … Read more »

Australian fund manager L1 Capital cashes in Chorus shares

Article – BusinessDesk

July 24 (BusinessDesk) – Australian fund manager L1 Capital has cashed up its stake in local telecommunications network operator Chorus, booking a 34 percent gain over the past year. Read more »

MARKET CLOSE: NZ shares fall on smaller RBNZ rate cut

Article – BusinessDesk

July 23 (BusinessDesk) – New Zealand shares fell from a record as investors looked to pocket recent gains after some were disappointed by a smaller interest rate cut than expected. Contact Energy and Meridian Energy fell. Read more »

Xero to double turnover to $200M this year, says CEO Drury

Article – BusinessDesk

July 22 (BusinessDesk) – New Zealand accounting software pioneer Xero expects to double global revenue to more than $200 million in the year to March 2016, based on current exchange rates, having taken eight years since listing on the NZX in June … Read more »

MARKET CLOSE: NZX50 at record as Meridian, Contact gain

Article – BusinessDesk

July 22 (BusinessDesk) – New Zealand shares rose to a record as investors bought dividend-paying stocks such as Meridian Energy and Contact Energy on the expectation the Reserve Bank will cut the official cash rate tomorrow. A2 Milk Co extended its … Read more »

Wellington Drive first-half sales beat expectations

Article – BusinessDesk

July 22 (BusinessDesk) – Wellington Drive Technologies, the unprofitable maker of energy efficient motors, lifted first-half sales 28 percent, beating guidance, as the company benefited from the recent slump in the kiwi dollar against the greenback. Read more »

Summerset takes out 127-year lease for Auckland village

Article – BusinessDesk

July 22 (BusinessDesk) – Summerset Group, New Zealand’s third-largest retirement village operator, has signed a 127-year lease for an undisclosed sum to build its sixth Auckland village. Read more »

NZX to launch nine ETFs giving investors global exposure

Article – BusinessDesk

July 22 (BusinessDesk) – NZX, the stock market operator, plans to launch nine new exchange traded funds to offer investors exposure to a raft of international stock markets. Read more »

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