Minimal damage from Hurricane Irma in Florida

Press Release – Tourism Holdings Limited

Post the hurricane that has passed through Florida this week, thl notes that there has been no impact of note to our customers, team, RVs or sites. Read more »

Opus Shareholders Presented with Increased Offer

Press Release – Opus International Consultants

Opus International Consultants Limited ( Opus ) has today agreed with WSP NZ Acquisition Limited ( WSP ) a variation of WSPs takeover offer in respect of Opus shares. Read more »

NZOG back in black after Kupe sale

Article – BusinessDesk

Aug. 29 (BusinessDesk) – New Zealand Oil & Gas was back in the black and kept its dividend unchanged after reaping a $95 million gain on the sale of its stake in the Kupe oil and gas fields and trimming its operating and exploration costs. Read more »

Record Growth for Hunter Responsible Global Bond Fund

Press Release – Hunter Investment Management

Record growth sees NZ-based responsible global bond fund at nearly $500 million in half-year Read more »

Financial Markets Authority Publishes Annual Corporate Plan

Press Release – NZFMA

The Financial Markets Authority is publishing its annual corporate plan for the first time, setting out its planned regulatory activities and key areas of focus to June 2018. Read more »

F&P Healthcare lowers guidance on strong NZD

Article – BusinessDesk

Aug. 24 (BusinessDesk) – Fisher & Paykel Healthcare lowered full year earnings guidance due to the strong New Zealand dollar and patent litigation costs, and separately announced plans to expand manufacturing to a third country. Read more »

Record 2016/17 season recounted at Zespri AGM

Press Release – Zespri

Zespri reported to around 500 grower-shareholders today at its Annual Meeting on a record 2016/17 season, with global sales up 19 percent from last season to $2.26 billion on the back of exceptionally high yields. Read more »

Empired’s NZ Intergen unit lifts FY revenue 4%

Article – BusinessDesk

Aug. 24 (BusinessDesk) – Australian IT services firm Empired posted a 4 percent increase in revenue from its Kiwi subsidiary, Intergen, as the New Zealand company’s Cohesion content management product made headway into grabbing government customers. Read more »

IkeGPS raises $3.7 million in placement

Article – BusinessDesk

Aug. 18 (BusinessDesk) – IkeGPS, the laser measurement toolmaker, said it has raised $3.7 million in an oversubscribed placement to Australian and New Zealand institutional and wholesale investors. Read more »

Politics Live at FSC & Workplace Savings Conference

Press Release – Financial Services Council

15 August 2017 – The Financial Services Council and Workplace Savings NZ have today confirmed three leading NZ politicians will be speaking at the Navigating Change conference on 7-8 September. Read more »

Sharesies $1m Media Release

Press Release – Sharesies

New online investment platform, Sharesies has had $1million dollars invested through the platform, after just 8 weeks. And this isnt just from wealthy individuals, its mostly from 3,500 people putting in small amounts on a regular basis. Sharesies … Read more »

NZ Super Fund not aiming for a zero carbon portfolio

Article – BusinessDesk

Aug. 15 (BusinessDesk) – The New Zealand Superannuation Fund is not aiming for a zero carbon portfolio and will keep investing in energy companies if they are making significant advances regarding climate change risk, says chief executive Adrian Orr. Read more »

NZ Super Fund shifts passive equities to low-carbon

Press Release – NZ Superannuation Fund

The NZ$35 billion NZ Super Funds NZ$14 billion global passive equity portfolio, 40% of the overall Fund, is now low-carbon, the Guardians of New Zealand Superannuation announced today. Read more »

Freightways lifts annual profit

Article – BusinessDesk

Aug. 14 (BusinessDesk) – Courier and information management company Freightways lifted annual profit on the strength of volume growth and margin in the express package and business mail division and said it’s targeting earnings growth for the current … Read more »

SkyCity shares fall on lack of ‘pizzazz’ in annual earnings

Article – BusinessDesk

Aug. 9 (BusinessDesk) – SkyCity Entertainment Group shares fell 3.9 percent after a tepid full year earning result, with investors predicting analysts will downgrade the stock. Read more »

World Week Ahead: Eyes on Macy’s, Kohl’s

Article – BusinessDesk

Aug. 7 (BusinessDesk) – The latest corporate earnings including from US retailers Macys and Kohls and reports on inflation will draw attention this week. Read more »

TSB exercises option to buy rest of Fisher Funds

Article – BusinessDesk

TSB exercises option to buy rest of Fisher Funds, brings in US private equity firm Read more »

NZ Embraces Responsible Investing with Record Growth in 2016

Press Release – Responsible Investment Association Australasia

Investment funds in New Zealand have shifted towards responsible investing in droves over the past year, with negatively screened funds growing by over 2,500% and reaching a total of $42.7 billion in 2016. Read more »

While You Were Sleeping: UPS Fails to Deliver

Press Release – BusinessDesk

July 28 (BusinessDesk) – Wall Street was mixed, retreating after touching fresh record highs earlier in the day, as slides in shares of United Parcel Service and tech stocks including those of Apple weighed on sentiment. Read more »

Kiwi Property CEO Gudgeon to step down in 2018

Article – BusinessDesk

July 27 (BusinessDesk) – Kiwi Property, which manages a $3 billion portfolio of shopping centres and office buildings, said chief executive Chris Gudgeon will step down on Sept. 30, 2018, ending more than 10 years with the investment group. Read more »

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