The rise of the regulator

Press Release – Chapman Tripp

Well-governed and managed companies will continue to flourish despite increasingly proactive regulatory scrutiny and intervention in 2017, Chapman Tripp says. Read more »

Regulation nearing tipping as govt watchdogs flex muscles

Article – BusinessDesk

April 4 (BusinessDesk) – The expansion of regulatory regimes and increased budgets to enforce them may have pushed the balance of government oversight to a “tipping point” where the costs start outweighing the wider public benefits, Chapman … Read more »

Mark Warminger appeals market manipulation ruling

Article – BusinessDesk

April 3 (BusinessDesk) – Former Milford Asset Management portfolio manager Mark Warminger will appeal a High Court ruling that he manipulated the New Zealand stock market on two occasions in 2014. Read more »

Regulator eyes competition issues in Spark’s TeamTalk bid

Article – BusinessDesk

April 3 (BusinessDesk) – The Commerce Commission has outlined where it’s looking for any competition issues in Spark New Zealand’s hostile bid for telecommunications firm TeamTalk. Read more »

Contract delays lower Orion Health full-year guidance

Article – BusinessDesk

April 3 (BusinessDesk) – Orion Health, the healthcare software developer whose shares have dropped 44 percent in the past 12 months, said full-year sales fell but it still expects to post a narrower loss and be profitable in 2018. It has been in talks with … Read more »

Panel recommends changes to the Takeovers Code

Press Release – Takeovers Panel

The Takeovers Panel has recommended to the Minister of Commerce & Consumer Affairs, the Hon Jacqui Dean, that a number of amendments be made to the Takeovers Code. Read more »

World Week Ahead: US jobs data, Fed minutes

Article – BusinessDesk

April 3 (BusinessDesk) – Investors will closely watch the latest US jobs data to gauge the likelihood that the Federal Reserve might lift interest rates at a faster pace than it has so far signalled. Read more »

Blue Sky Offer Update

Press Release – NZ Binxi

NZ Binxi (Oamaru) Limited (Binxi) is disappointed to have withdrawn its takeover offer for Blue Sky Meats Ltd (Blue Sky) at $2.20 per share. Binxi has been committed to a successful offer for Blue Sky since November 2016 and has gone to significant … Read more »

NPT chairman Sewell ‘disappointed’ with shareholder dissent

Article – BusinessDesk

March 31 (BusinessDesk) – NPT chairman Tony Sewell says Salt Funds Management’s dissenting view on a proposed deal with Kiwi Property Group is out of line with other major shareholders and he will take it up directly with the fund manager. Read more »

NPT shareholders urged to reject Kiwi Property offer

Article – BusinessDesk

Salt Funds urges NPT shareholders to reject Kiwi Property offer as “unacceptable transfer of value” Read more »

NPT shareholders to vote on Kiwi Property offer

Article – BusinessDesk

March 30 (BusinessDesk) – NPT will pitch its favoured tie-up with Kiwi Property Group at a special meeting next month, where shareholders will vote on whether to back the deal or accept a rival bid from Augusta Capital. Read more »

Infratil Investor Day 2017

Press Release – Infratil

Infratil has released the presentation material for its annual Investor Day attended by major shareholders, fund managers, broker analysts, regulatory agencies, business partners and commentators. Read more »

EPA rejects claims its charges to CRP were unreasonable

Article – Environmental Protection Authority

The Environmental Protection Authority rejected claims by Chatham Rock Phosphate that costs incurred during a marine consent hearing in 2015 were unreasonable and should have been partly met by funds available to the Crown entity. Read more »

Fulton Hogan lifts first-half pre-tax profit 13%

Article – BusinessDesk

March 28 (BusinessDesk) – Fulton Hogan, the privately-held civil construction firm, lifted first-half pre-tax earnings 13 percent as its New Zealand and Fiji operations tracked ahead of expectations, and beefed up its forward order book with some big … Read more »

Chatham Rock Phosphate says EPA charges unreasonable

Article – BusinessDesk

March 27 (BusinessDesk) – Chatham Rock Phosphate argued in the High Court that a bill from Environmental Protection Authority for costs incurred during its marine consent hearing in 2015 were unreasonable and should have been partly met by funds … Read more »

TeamTalk to sell controlling stake in Farmside to Vodafone

Article – BusinessDesk

March 24 (BusinessDesk) – Unprofitable telecommunications minnow TeamTalk plans to sell a 70 percent stake in its problematic Farmside rural internet services provider to Vodafone New Zealand for $10 million, almost half what Spark New Zealand is willing … Read more »

Vodafone NZ to acquire 70% stake in TeamTalk’s Farmside

Press Release – Vodafone NZ

Vodafone New Zealand Limited ( Vodafone NZ ) and TeamTalk Limited ( TeamTalk ) (NZX: TTK) have reached an agreement that would see Vodafone NZ acquire 70 per cent of the shares in BayCity Communications Limited for $10 million in cash. Read more »

Bill to improve and strengthen tax rules passes

Press Release – New Zealand Government

A Bill to improve and strengthen the tax rules passed its third reading today, Revenue Minister Judith Collins says. Building a more competitive and productive economy for New Zealanders is a priority for this Government. Read more »

TeamTalk recommends shareholders reject Spark Offer

Press Release – TeamTalk

TeamTalk recommends shareholders reject Spark Offer of 80c independent adviser valuation range is $1.52 to $2.11 Read more »

NZ Refining gross margins edge up in start to 2017

Article – BusinessDesk

March 22 (BusinessDesk) – New Zealand Refining’s gross margins edge higher in the first two months of the year with strong throughput at the Marsden Point refinery. Read more »

« Previous PageNext Page »