Founder Sam Morgan to leave Trade Me on Dec 15

Article – BusinessDesk

Nov. 23 (BusinessDesk) – Founder Sam Morgan is to leave the board of Trade Me, the company he founded and sold in 2006, on Dec 15, the company said today in a statement. Read more »

MARKET CLOSE: A2 and Mainfreight hit records

Article – BusinessDesk

Nov. 23 (BusinessDesk) – New Zealand shares rose, led by A2 Milk and Mainfreight which both set new records, while Fisher & Paykel Healthcare fell. Read more »

Pushpay to buy church-app business

Article – BusinessDesk

Nov. 23 (BusinessDesk) – Pushpay Holdings, the mobile payments app developer, says it will acquire a church app business from Bluebridge Digital for US$3.1 million, continuing an expansion that saw revenue soar 308 percent in the first half while … Read more »

Hellaby takeover bid steps up a gear

Press Release – Bapcor Limited

Australian auto parts firm Bapcor has mailed Hellaby shareholders claiming Grant Samuels valuation of Hellaby is overstated because, in its view, it incorrectly excludes corporate head office costs. Based on a review of independent adviser reports … Read more »

Zespri to release another 400ha of SunGold kiwifruit

Article – BusinessDesk

Nov. 23 (BusinessDesk) – The board of kiwifruit marketer Zespri has decided to sell licences for another 400 hectares of the SunGold variety kiwifruit next year and also signalled a further 400 ha would be released in 2018, 2019, and 2020 depending … Read more »

Serko FY17 Half Year Results Announcement

Press Release – Serko

23 November, 2016 Serko Ltd. ( SKO.NZ ) Serko, the Australasian leader in online travel and expense management for business, announced its unaudited interim results for the six months to 30 September 2016, recording a 10 per cent increase in trading … Read more »

Serko confirms 10% gain in first-half sales, loss narrows

Article – BusinessDesk

Nov. 23 (BusinessDesk) – Serko, the online travel booking company, confirmed a 10 percent gain in first-half sales and narrowed its net loss as costs fell. Read more »

Abano Advises Intention to Pay Interim Dividend

Press Release – Abano Healthcare Group Limited

The Board of Abano Healthcare Group Limited (NZX: ABA) has advised that it intends to pay an interim dividend of between 11 to 16 cents per share, for the six months ending 30 November 2016. Read more »

Energy Mad borrows $1mn at 20% as losses narrow

Press Release – BusinessDesk

Nov. 22 (BusinessDesk) – Energy Mad, the energy efficient light-bulb developer and retailer has borrowed a further $1 million to meet its capital needs, paying an interest rate of 20 percent under a one-year loan from Smartshares Limited, the pioneer of … Read more »

Pumpkin Patch stores to close, no buyer emerges

Article – BusinessDesk

Nov. 22 (BusinessDesk) – No buyers have emerged for children’s clothing retailer Pumpkin Patch, meaning the company will sell all stock and be wound down, with 63 people losing their jobs this week, the receivers have announced. Read more »

Volpara raises A$7M in discounted placement

Article – BusinessDesk

Nov. 22 (BusinessDesk) – Volpara Health Technologies, the Wellington-based, ASX-listed digital health company, has raised A$7 million in a discounted placement and plans to raise a further A$3.7 million in an entitlement offer to shareholders. Read more »

Turners predicts 2018 earnings uplift after buying Autosure

Article – BusinessDesk

Nov. 22 (BusinessDesk) – Turners, the financial services firm formerly known as Dorchester Pacific, expects a “significant” earnings uplift after buying motor insurer Autosure from Suncorp New Zealand. Read more »

Acquisition of Ekera Medical Centre and strategic sites

Press Release – Vital Healthcare Property Trust

Vital Healthcare Property Trust (Vital) today announced the acquisition of a majority interest in the Ekera Medical Centre at Box Hill in Melbourne for A$24.4m. Read more »

Restaurant Brands raises $94 million for Hawaiian business

Article – BusinessDesk

Nov. 21 (BusinessDesk) – Restaurant Brands NZ successfully raised $94 million through a sale of shares to investors, helping fund its planned purchase of Pacific Island Restaurants, the largest fast-food operator in Hawaii with 82 Taco Bell and Pizza … Read more »

Misleading Statements About Abano Interim Dividend

Press Release – Healthcare Partners

Healthcare Partners has today clarified misleading claims by Abano Healthcare that Healthcare Partners opposes payment of an interim dividend to Abano shareholders. Read more »

Veritas shareholders vent spleen at Mad Butcher

Article – BusinessDesk

Nov. 17 (BusinessDesk) – Disgruntled Veritas Investments shareholders fired a salvo of questions over poor performance and the tanking share price for the group, which includes the Mad Butcher, Nosh, and Better Bar Company brands, at todays annual … Read more »

Abano board repeats warning about Hutson offer

Article – BusinessDesk

Nov. 17 (BusinessDesk) – Abano Healthcare’s board has reiterated its advice that shareholders should wait for a formal recommendation before accepting a partial takeover offer from dissident shareholders Anya and Peter Hutson and James Reeves, with the … Read more »

Jay Shaw appointed to IVSC Business Valuation Board

Press Release – Grant Thornton

Grant Thornton New Zealand is delighted to announce Jay Shaws appointment to the Business Valuation Board of the International Valuation Standards Council (IVSC), the pre-eminent global valuation standards setter for the business valuation profession. Read more »

Promisia launches Rights Issue to raise $1.3m to fund growth

Press Release – Promisia Integrative Limited

Promisia Integrative Limited (Promisia), the NZX-listed therapeutic health supplements company, today announced that it will provide eligible shareholders with the opportunity to participate in a renounceable rights issue. Read more »

Complectus puts off IPO

Article – BusinessDesk

Nov. 16 (BusinessDesk) – Complectus, which owns the Perpetual Guardian supervisory business, shelved plans for an initial public offering with volatility in already uncertain markets heightened by this month’s US presidential election. Read more »

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