Finding outstanding portfolio funds performance

Press Release – Invespectra

Waikato investors in managed fund portfolios are the first being asked to join a new national consumer investor organization and an allied independent ranking of portfolio of funds performances to be supplied by new-comer Invespectra. The promise … Read more »

NZ Merino lifts annual profit 19%, meets growth targets

Press Release – BusinessDesk

New Zealand Merino Co, a wool marketer that aims to develop higher-value markets for sheep products, posted a 19 percent lift in annual profit and said its business has doubled in value over the past three years. Read more »

Sale to China of Silver Fern Farms a Reward for Deceit

Press Release – New Zealand First Party

The governments approval today for Silver Fern Farms to sell 50 per cent to Chinese company Shanghai Maling is nothing more than a reward for deceitful misrepresentation. Read more »

While you were sleeping: Wall St inches higher

Article – BusinessDesk

Sept. 20 (BusinessDesk) – Wall Street moved higher, while the US dollar slid, as investors await the outcome of the Federal Reserve policy meeting on Wednesday to gauge the timing of the next interest rate increase. Read more »

MARKET CLOSE: NZ shares gain, led by Stride Property

Article – BusinessDesk

Sept. 19 (BusinessDesk) – New Zealand shares rose as some investors rummaged for bargains left over from last week’s sell-off, with decisions on interest rates in the United States and Japan expected to dominate trading this week. Stride Property, … Read more »

NZ shares rise, snapping six-day losing streak

Article – BusinessDesk

MARKET CLOSE: NZ shares rise, snapping six-day losing streak, led by NZ Refining, Xero and SkyCity Read more »

NZ Oil & Gas launches stand in the market

Article – BusinessDesk

Sept. 16 (BusinessDesk) – New Zealand Oil & Gas, the unprofitable energy explorer, has launched a stand in the market to buy back as many as 40 million shares, creating a “liquidity event” for the thinly traded securities. Read more »

Godfrey Hirst questions foreign shareholder benefit

Press Release – BusinessDesk

Sept. 15 (BusinessDesk) – Australian-owned carpet maker Godfrey Hirst is questioning the benefit of foreign shareholders to New Zealand in its bid to prevent the creation of a wool scouring monopoly. Read more »

Brewer Moa eyes possible purchases, must deliver profits

Press Release – BusinessDesk

Sept. 14 (BusinessDesk) – Moa Group, the loss-making Marlborough-based brewer whose share price has tripled in the past year, has told investors it is assessing the possibility of buying other businesses, but that they would have to add to earnings. Read more »

Salt Funds backs Veritas as share price continues to tumble

Press Release – BusinessDesk

Salt Funds Management, which manages $1.6 billion of assets, has lifted its stake in Veritas Investments, taking advantage of a slump in the share price of the Mad Butcher franchisor. Read more »

GMT Acquires Strategic West Auckland Industrial Assets

Press Release – Goodman NZ

Goodman (NZ) Limited, the Manager of Goodman Property Trust (GMT), is pleased to announce that GMT has acquired two adjoining industrial properties in Henderson, Auckland for $18.9 million. Read more »

Lease Confirmed With Auckland Transport in VXV Precinct

Press Release – Goodman NZ

Further to the announcement of 17 May 2016, Goodman (NZ) Limited[1] is pleased to confirm that Auckland Transport has leased the VXV20 Building. Read more »

G3 First Listed Company to Raise via Equity Crowdfunding

Press Release – Chapman Tripp

G3 Groups innovative capital raising offer , which went live today, was designed on legal advice from Chapman Tripp. Read more »

Dumping tobacco industry investments

Press Release – Hapai Te Hauora

Hpai Te Hauora, the voice of Tobacco Control in New Zealand are pleased with the investment dump of at least $109 million in controversial tobacco industry and weapons investments following a Herald investigation into responsible investment policies. … Read more »

Eight candidates contesting two seats on Ballance Board

Press Release – Ballance Agri-Nutrients

A strong field of eight candidates is contesting two vacancies in Ballance Agri-Nutrients North Island director elections this year as the co-operative moves to its new two ward voting system. Read more »

Jade Software targets early return to profit

Article – BusinessDesk

Sept. 13 (BusinessDesk) – Jade Software expects to return to profitability ahead of its target of late 2017 as customers show renewed vigor in buying the software developer’s port management software. Read more »

GeoOp shares plunge after discounted rights offer announced

Article – BusinessDesk

Sept. 12 (BusinessDesk) – GeoOp’s shares dropped 23 percent after the management app developer said it plans to raise $3.6 million in a discounted rights offer. Read more »

NZ shares tumble as traders eye potential US rate hikes

Article – BusinessDesk

Sept. 12 (BusinessDesk) – New Zealand shares dropped sharply across the board, tracking global moves, as jittery traders eye potential interest rate hikes in the US. Read more »

Machine learning, AI at heart of new Xero products

Article – BusinessDesk

Sept. 9 (BusinessDesk) – Rod Drury, founder and chief executive of accounting software company Xero, says its poised to introduce a number of smart services through machine learning and artificial intelligence. Read more »

UPDATE: Trustpower shareholders vote for demerger

Article – BusinessDesk

Sept. 9 (BusinessDesk) – Trustpower’s shareholders have overwhelmingly voted to carve out its windfarms and renewable development pipeline, splitting the company into two separate businesses that will be listed on the NZX and ASX. Read more »

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