News Corp lifts stake in APN to 14.99% from 4.9%

Article – BusinessDesk

March 19 (BusinessDesk) – News Corp, the global media group controlled by Rupert Murdoch, has lifted its stake in APN News & Media to 14.99 percent, buying shares from the target company’s ling-term shareholders Independent News & Media and … Read more »

MARKET CLOSE: NZ shares rise, led by Skellerup, Meridian

Article – BusinessDesk

March 19 (BusinessDesk) – New Zealand shares rose, led by Skellerup Holdings and paced by Meridian Energy, as investors returned to equities in the face of globally low interest rates. Kathmandu Holdings gained ahead of reporting earnings tomorrow. Read more »

Tourism Holdings acquires 49% stake in UK’s Just Go

Article – BusinessDesk

March 19 (BusinessDesk) – Tourism Holdings, the largest campervan rental business in Australia and New Zealand, said it acquired 49 percent of UK-based Just Go, a motorhome rentals and sales business. Read more »

FMA lifts head count to 170 as it probes new areas

Article – BusinessDesk

March 19 (BusinessDesk) – The Financial Markets Authority has “staffed up” to the tune of 170 people and will invest heavily in technology in coming years to fulfill its role as a regulator, a parliamentary committee has heard. Read more »

APN News & Media halted for selldown

Article – BusinessDesk

March 19 (BusinessDesk) – APN News & Media, which last year bundled its New Zealand assets into a separate vehicle for a potential listing, had its stock halted from trading pending a potential selldown, amid speculation investor Dennis O’Brien … Read more »

Wynyard Group Board Approves Dual Listing on the ASX

Press Release – Wynyard Group

Wynyard Group, a market leader in crime-fighting software and services, today announced that its board has approved the company pursuing a dual listing on the Australian Stock Exchange (ASX) and it will now commence the process. Wynyard first listed on … Read more »

Salt Funds wins mandate for AMP’s $690M active NZ equities

Article – BusinessDesk

March 19 (BusinessDesk) – Salt Funds Management, the boutique investment manager set up by its principals about two years ago, has won the mandate to manage AMP Capital’s active New Zealand equity funds, adding about $690 million to its funds under management … Read more »

Mainfreight forecasts annual profit hike

Article – BusinessDesk

March 19 (BusinessDesk) – Mainfreight expects annual profit to rise as much as 7.1 percent on revenues in excess of $2 billion as it pays tribute to one of the business leaders who helped it evolve from a company with one truck. Read more »

Fliway successfully concludes bookbuild

Press Release – Fliway

A bookbuild process involving NZX broker firms and domestic institutional investors has seen the Fliway Board set the IPO Offer price within the price range at $1.20 per share. Read more »

Wynyard proposes dual listing on Australian bourse

Article – BusinessDesk

March 19 (BusinessDesk) – Wynyard Group, the crime-fighting software and services developer, plans a dual listing on the Australian stock exchange. Read more »

Sheldon steps down as Chorus chair, Hartley interim chair

Article – BusinessDesk

March 19 (BusinessDesk) – Sue Sheldon is standing down as chair of Chorus at the end of the month and the role will be filled by Jon Hartley on an interim basis. Read more »

KPMG M&A Predictor – Flurry of IPOs support the M&A market

Press Release – KPMG

The current merger and acquisitions climate is being stimulated by the bumper crop of IPOs, according to KPMG New Zealands latest M&A Predictor . Ian Thursfield, KPMG NZs Partner in Charge of Deal Advisory, says the high level of IPO activity … Read more »

UPDATE: Fliway IPO priced at $1.20/share

Article – BusinessDesk

March 18 (BusinessDesk) – Fliway Group, the transport and logistics company, has been priced at $1.20 a share in the bookbuild for its $34 million initial public offering, the bottom end of the indicative range, people say. Read more »

MARKET CLOSE: NZ shares fall, led by Steel & Tube

Article – BusinessDesk

March 18 (BusinessDesk) – New Zealand shares fell, led by Steel & Tube Holdings, as investors took advantage if recent market gains to reduce their holdings. Spark New Zealand, Contact Energy and Meridian Energy paced the decline. Read more »

Fliway IPO priced at $1.20 in bookbuild, people say

Article – BusinessDesk

March 18 (BusinessDesk) – Fliway Group, the transport and logistics company, has been priced at $1.20 a share in the bookbuild for its initial public offering, the bottom end of the indicative range, people say. Read more »

New patents and publicity for Pacific Edge

Article – BusinessDesk

March 18 (BusinessDesk) – Pacific Edge, the Dunedin-based developer of technology to detect cancer, says it has new patents and its technology will soon feature in a medical journal. Read more »

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

Article – BusinessDesk

March 17 (BusinessDesk) – New Zealand shares fell, paced by MightyRiverPower, Meridian Energy and Genesis Energy, as investors booked profits on companies that have driven the NZX 50 Index to record highs. Kathmandu Holdings rose ahead of its first-half … Read more »

UPDATE: Allan Gray says APN selldown reflects gain in shares

Article – BusinessDesk

March 17 (BusinessDesk) – Allan Gray Australia says it cut its stake in APN New & Media because the share price had risen. Read more »

Allan Gray reduces stake in APN News & Media

Article – BusinessDesk

March 17 (BusinessDesk) – The Australian fund that helped force a boardroom shakeout at APN News & Media has reduced its stake in the group after earlier selling down its holding in rival Fairfax Media. Read more »

Moa sees full-year loss similar to 2014′s $5.8 mln

Article – BusinessDesk

Moa sees full-year loss similar to 2014′s $5.8 mln, recovery in 2016 Read more »

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