MARKET CLOSE: NZ shares fall, led by Kathmandu, ANZ, Westpac

Article – BusinessDesk

April 15 (BusinessDesk) – New Zealand shares fell, led by Kathmandu Group Holdings and paced by Australian banks Westpac Banking Corp and Australia & New Zealand Banking Group amid weakness in the stock market across the Tasman. Fonterra Shareholders’ … Read more »

Flurry of NZX IPOs seen in coming months: Nikko Asset

Article – BusinessDesk

April 14 (BusinessDesk) – Kiwi investors can expect a strong pipeline of initial public offerings from New Zealand and Australian companies listing in coming months to take advantage of the rising market, says Nikko Asset Management head of equities … Read more »

AMP Capital NZ taps Grant Hassell as managing director

Article – BusinessDesk

April 14 (BusinessDesk) – AMP Capital New Zealand has named its head of fixed income, Grant Hassell, as managing director, replacing Graham Law, who departs after six years. Read more »

Scott Technology first-half profit rises 40%

Article – BusinessDesk

April 14 (BusinessDesk) – Scott Technology, the industrial automation firm, posted a 40 percent gain in first-half profit as sales from recent acquisitions helped drive revenue growth. Read more »

Smiths City names ‘turnaround specialist’ Roy Campbell CEO

Article – BusinessDesk

April 14 (BusinessDesk) – Smiths City Group, the Christchurch-based retail chain, named Roy Campbell as chief executive, replacing Rick Hellings, who departs after 15 years as managing director. Read more »

NZ Oil & Gas gets 3 directors on expanded Cue Energy board

Article – BusinessDesk

April 14 (BusinessDesk) – New Zealand Oil & Gas has gained three directors on an expanded board at Cue Energy Resources after securing 48 percent of the ASX-listed energy company. Read more »

MARKET CLOSE: NZ shares rise; Meridian up after 8-day slide

Article – BusinessDesk

April 13 (BusinessDesk) – New Zealand shares rose led by Meridian Energy as investors returned to the stock after eight days of decline. Spark New Zealand rose. Read more »

KCFL Considers Perpetual Capital Note Offer

Press Release – Kiwibank

Kiwi Capital Funding Limited (KCFL) is considering making an offer of up to $150 million of Perpetual Capital Notes to the New Zealand public. Proceeds of the offer of Perpetual Capital Notes will be used by KCFL to invest in regulatory capital instruments … Read more »

Just Water agrees to sell Australian business for A$11 mln

Article – BusinessDesk

April 13 (BusinessDesk) – Just Water International, the water cooler and supplies business 79 percent owned by founder Tony Falkenstein, has agreed to sell its Australian business to Waterlogic Australia for A$11 million in cash to repay debt and fund … Read more »

MARKET CLOSE: NZ shares rise, led by Pacific Edge

Article – BusinessDesk

April 10 (BusinessDesk) – New Zealand shares rose, led by Pacific Edge after a report about its medical testing products was published in a prominent medical journal. Genesis Energy and MightyRiverPower fell as investors looked to book recent gains. Read more »

FMA found nothing untoward in SkyCity share trading

Article – BusinessDesk

April 9 (BusinessDesk) – The Financial Markets Authority says it found nothing of concern in trading of SkyCity Entertainment Group shares ahead of the government saying it wouldn’t provide extra funding for Auckland’s convention centre. Read more »

MARKET CLOSE: NZ shares fall, led by Meridian; Fliway drops

Article – BusinessDesk

April 9 (BusinessDesk) – New Zealand shares fell in today’s trading led by Meridian Energy as its installment fee came due. Fliway Group dropped below its offer price in its debut on the NZX. Read more »

HiFX Weekly FX Technical Report

Press Release – HiFX

NZD/USD Last Price: 0.7558 Daily: Prices still pivoting 0.7550 or so at present Weekly: Negativepattern intact below 0.7900 Support 1: 0.7470/80 Support2: 0.7390/00 Resistance1: 0.7625/35 Resistance2: 0.7700/10 Read more »

UPDATE: Fliway falls 2.6% after IPO that raised $34 mln

Article – BusinessDesk

April 8 (BusinessDesk) – Fliway Group shares fell 2.6 percent in early trading on the NZX, after the transport and logistics company’s $34 million initial public offering, marking the first listing on the bourse for 2015. Read more »

Fliway edges up 1.7% in NZX debut

Article – BusinessDesk

April 8 (BusinessDesk) – Fliway Group shares rose 1.7 percent in their debut on the NZX, after the transport and logistics company’s $34 million initial public offering, marking the first listing on the bourse for 2015. Read more »

Michael Hill says weak Australian market weighs on FY result

Article – BusinessDesk

April 9 (BusinessDesk) – Michael Hill International, the listed jewellery retailer, says a drop in same store-sales in its biggest market of Australia in the first nine months will put pressure on its full-year result. Read more »

Nuplex beefs up investment plans across Asia

Article – BusinessDesk

April 9 (BusinessDesk) Nuplex Industries, the specialty chemicals manufacturer, is exploring more investment opportunities across Asia, having shifted its businesses away from the firms traditional markets in Australia and New Zealand. Read more »

MARKET CLOSE: NZ shares rise, paced by Summerset

Article – BusinessDesk

April 8 (BusinessDesk) – New Zealand shares rose, paced by Summerset Group Holdings and Ryman Healthcare as investors bought into retirement village operators. Fonterra Shareholders Fund dropped to a record low, as investors mulled the outlook for the … Read more »

Pushpay exceeds quarterly merchant acquisition target by 31%

Press Release – Pushpay

Pushpay Holdings Limited (NZAX:PAY) (Pushpay or the Company) announces that it has increased its customer base from 602 merchants as at 31 December 2014 to 996 merchants as at 31 March 2015, exceeding its quarterly merchant acquisition … Read more »

Weldon resigns from Diligent board leaving compliance gap

Article – BusinessDesk

April 8 (BusinessDesk) – Mark Weldon, former NZX chief excecutive, has resigned as a director of Diligent Board Member Services, effective tomorrow, leaving the governance software developer temporarily in breach of NZX listing rules. Read more »

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