ASB to offer up to $100m of five-year fixed rate notes

Article – BusinessDesk

Feb. 20 (BusinessDesk) – ASB Bank is offering up to $100 million of listed fixed rate notes with a maturity date of Feb. 24, 2022 and it can accept unlimited oversubscriptions at its discretion. Read more »

Chorus beats first-half profit expectations

Article – BusinessDesk

Feb. 20 (BusinessDesk) – Chorus beat first-half profit expectations and raised its forecast for annual earnings as the telecommunications network operator benefited from the increase in regulated prices on its copper lines, even as connection numbers … Read more »

BNZ – BusinessNZ PSI – January 2017

Press Release – BNZ BusinessNZ Performance of Services Index

New Zealands services sector experienced ongoing expansion during January to start 2017 on a very positive note, according to the BNZ – BusinessNZ Performance of Services Index (PSI). The PSI for January was 59.5. This was 1.0 point up from … Read more »

Starts Submission on proposed designations of shares as MIPs

Press Release – Wynn Williams

Wynn Williams Partner Hayley Buckley has made a joint submission to the FMA on their proposed designation of shares as managed investment products. Read more »

Kraft Heinz & Unilever: Falling Sterling

Press Release – ThinkMarkets

The worlds 5th biggest consumer food firm, Kraft Heinz had another attempt today to acquire the worlds 3rd biggest consumer food firm, Unilever. For now, we are safe, Unilever has refused, but this may be nothing but another tactic from their … Read more »

IkeGPS still sees breakeven this year

Article – BusinessDesk

Feb. 17 (BusinessDesk) – IkeGPS, the laser measurement toolmaker, maintained its breakeven forecast for 2017 but won’t achieve projected sales growth after a weak first half, and expects lumpiness in its revenue to 2018 and beyond. Read more »

Abano Advises Shareholders to Reject Varied Takeover Offer

Press Release – Abano Healthcare Group Limited

The Board of Abano Healthcare Group Limited (NZX: ABA) has advised shareholders to reject the revised partial takeover offer price from Healthcare Partners Holdings Limited, which was yesterday increased by 16 cents per share (an increase of 1.6%). Read more »

While you were sleeping: Wall St eases

Article – BusinessDesk

Feb. 17 (BusinessDesk) – Wall Street slipped, retreating after earlier touching fresh record highs, as investors reassessed valuations while waiting for details of US President Donald Trumps phenomenal tax plans. Read more »

Outlook subdued for NZ Equity Capital Markets

Press Release – Chapman Tripp

The drop in the number of NZX Main Board issuers experienced in 2016 seems likely to continue in 2017, says Chapman Tripp Partner Rachel Dunne. Read more »

ASB lifts first-half earnings on bigger loan book

Article – BusinessDesk

Feb. 15 (BusinessDesk) – ASB Bank boosted first-half earnings 6 percent as the local unit of the Commonwealth Bank of Australia grew its residential, commercial and agriculture lending, even as more expensive funding squeezed margins. Read more »

Pacific Edge Undertakes $8m Share Placement

Press Release – Pacific Edge

Cancer diagnostics company, Pacific Edge Limited (NZX:PEB), has undertaken a $8.0 million share placement to institutional and other select investors in New Zealand. Read more »

Stocks strong but Aussie Dollar not convinced

Article – CMC Markets

The ASX 200 has maintained the strong upward momentum of the past two trading days so far this morning. Read more »

Trilogy says it’s meeting disclosure requirements

Article – BusinessDesk

Feb. 10 (BusinessDesk) – Trilogy International, the skincare and home fragrance company, said it continues to comply with continuous disclosure rules in response to a query from the New Zealand stock exchange after its shares took a tumble. Read more »

Canada’s Fairfax Financial Holdings offers to snap up Tower

Article – BusinessDesk

Feb. 9 (BusinessDesk) – Canada’s Fairfax Financial Holdings has offered to buy Tower for about $197 million, pushing the insurer’s shares up 41 percent to $1.11 on the news. Read more »

NZWSI Market Report: Wool Stabilises

Press Release – New Zealand Wool Services

New Zealand Wool Services International Ltds CEO Mr John Dawson reports that the North Island auction of 5500 bales saw a 77 percent clearance with most types firm to slightly dearer. Read more »

Half-year results for the six months to 31 December 2016

Press Release – SKYCITY

SKYCITY Entertainment Group Limited (NZX/ASX:SKC) today announced its interim results for the six months ended 31 December 2016. Read more »

While you were sleeping: Caution follows records

Article – BusinessDesk

Feb. 9 (BusinessDesk) – US Treasuries advanced, while Wall Street was mixed, as investors weighed the impact of political uncertainty on both sides of the Atlantic on corporate profits. Read more »

The NZDUSD opens at 0.7314 (mid-rate) this morning

Press Release – HiFX

The NZDUSD opens at 0.7314 (mid-rate) this morning. The NZD has made small gains against all its rivals over the past 24hrs, following yesterdays better than expected inflation report and a surprise increase in this mornings GDT index. The Reserve … Read more »

While you were sleeping: Energy stocks slide with oil

Article – BusinessDesk

Feb. 8 (BusinessDesk) – A decline in energy stocks weighed on Wall Street, while investors digested comments from US Federal Reserve officials about the potential for an interest rate increase next month. Read more »

Harbour Asset trims Intueri stake

Article – BusinessDesk

Feb. 7 (BusinessDesk) – Harbour Asset Management has sold down its stake in Intueri Education Group, ceasing to be a substantial shareholder following the company’s disclosure on Friday that it will exit Australia after losing government subsidies … Read more »

« Previous PageNext Page »