Serko shares soar 659% in 2017, topping NZ stock market

Article – BusinessDesk

Dec. 29 (BusinessDesk) – Serko is on track to be 2017’s best performer on the stock exchange after gaining 659 percent so far this year as investors are increasingly confident it will move into the black. Read more »

While you were sleeping: Copper continues ascent

Article – BusinessDesk

Dec. 29 (BusinessDesk) – Wall Street moved higher as did commodities, notably copper, as investors bet on sustained demand for the metal amid an upbeat outlook for the global economy and corporate profits. Read more »

While you were sleeping: Apple slumps on iPhone X concern

Article – BusinessDesk

Dec. 27 (BusinessDesk) – Wall Street moved lower as a decline in Apple shares weighed on sentiment, while oil gained on reports of a pipeline explosion in Libya. Read more »

While You Were Sleeping: Financial, Energy Shares Gain

Press Release – BusinessDesk

Dec. 22 (BusinessDesk) – Wall Street climbed, bolstered by gains in bank and energy stocks, on optimism corporate tax cuts will lift profits and underpin economic growth. Read more »

YEAR IN REVIEW: NZ stocks head for best year in five

Article – BusinessDesk

YEAR IN REVIEW: NZ stocks head for best year in five, may struggle to repeat gains in 2018 Read more »

Japan’s Itoham Yonekyu buys 100% of Anzco Foods

Article – BusinessDesk

Japan’s Itoham Yonekyu buys 100% of Anzco Foods as part of Asia growth strategy Read more »

ANZ Investments profit falls, dividend and costs to ANZ rise

Article – BusinessDesk

Dec. 11 (BusinessDesk) – ANZ New Zealand Investments saw profit fall but income rise in the latest financial year as it paid a bigger dividend and more in operating costs to its parent company. Read more »

CITIC Capital to Acquire Trilogy International Ltd

Press Release – Citic

Offer of NZD250m and commitment of resources to accelerate global growth of New Zealand brands Read more »

Preliminary Issues for Heinz Wattie’s/Cerebos Gregg’s Merger

Press Release – Commerce Commission

The Commerce Commission has published a statement of preliminary issues relating to an application from H. J. Heinz Company (New Zealand) Limited (Heinz Watties) to acquire the food and instant coffee business of Cerebos Greggs Limited (Cerebos … Read more »

Alliance distributes $11.4 mln to farmer, looks abroad

Press Release – BusinessDesk

Dec. 14 (BusinessDesk) – Alliance Group, the world’s biggest sheepmeat exporter, will pay $11.4 million to its farmer shareholders this week, after a year where it doubled annual earnings as sales rose 15 percent with a recovery in global meat prices. Read more »

Property for Industry hikes annual earnings guidance

Article – BusinessDesk

Dec. 14 (BusinessDesk) – Property for Industry raised annual earnings guidance as the industrial real estate investor benefited from stronger leasing since its half-year result. Read more »

Wakefield, Bowen, and Royston Hospital acquisitions settled

Press Release – Vital Healthcare Property Trust

Further to the announcement on 1 December 2017, Vital Healthcare Property Trust is pleased to announce that it has settled the acquisitions of Wakefield Hospital, Bowen Hospital and Royston Hospital from Acurity Health Group. Read more »

Spark Appoints Pip Greenwood as Director to the Board

Press Release – Spark NZ

The Spark New Zealand Board announced today it has appointed Pip Greenwood as an independent non-executive director to the Board, to replace Mark Verbiest who retired in November 2017. Ms Greenwood’s appointment will take effect from 1 April 2018. Read more »

Preliminary Issues released for MYOB/Reckon merger

Press Release – Commerce Commission

The Commerce Commission has published a Statement of Preliminary Issues relating to MYOB Group Limiteds (MYOB) proposed acquisition of the Accountants Group business of Reckon Limited (Reckon). Read more »

ERoad trading halt lifted after $15.5m capital raising

Article – BusinessDesk

Dec. 13 (BusinessDesk) – ERoad’s shares are out of their trading halt after the company raised $15.5 million through a share placement. Read more »

GeoOp to raise funds in the new year to get to break even

Article – BusinessDesk

Dec. 12 (BusinessDesk) – GeoOp plans to raise fresh capital in the new year after a scuttled initial public offering across the Tasman to help the management app developer break even. Read more »

CRP says rejection of EPA costs claim will hurt cashflow

Article – BusinessDesk

Chatham Rock Phosphate will take legal advice on its next steps after the High Court dismissed its application to review costs charged by the Environmental Protection Authority, something it said will hurt its cash flow. Read more »

ERoad plans $18m capital raise as it pushes US expansion

Article – BusinessDesk

Dec. 12 (BusinessDesk) – ERoad is in a trading halt as it looks to raise at least $18 million through a placement and a share purchase plan to fund an upgrade of its back-end systems amid a push into North America. Read more »

Vital Healthcare Property Trust buys Queensland hospital

Article – BusinessDesk

Dec. 11 (BusinessDesk) – Vital Healthcare Property Trust has bought Eden Rehabilitation Hospital in Cooroy in Queensland, Australia, for A$23.8 million as part of its ongoing diversification strategy. Read more »

Fliway shareholders back $55.4 mln takeover

Article – BusinessDesk

Dec. 8 (BusinessDesk) – Fliway Group shareholders have backed a $55.4 million takeover offer from Singaporean logistics firm Yang Kee Logistics, which will see another company leave the NZX. Read more »

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