MARKET CLOSE: NZX 50, Meridian, Genesis at record highs

Article – BusinessDesk

Sept. 11 (BusinessDesk) – New Zealand’s benchmark NZX 50 Index rose to a record after the Reserve Bank signalled a slower pace of future interest rate hikes and investors bet a returning National government would ensure power companies such as Meridian … Read more »

Longer Wellington runway worth 2-5 flights daily by 2060

Article – BusinessDesk

Sept. 11 (BusinessDesk) – Plans for a $350 million runway extension for Wellington International Airport would provide the capital with between 16 and 33 extra flights a week by 2060, connecting the city to long-haul destinations in Asia and North America … Read more »

Turners & Growers enters Chilean JV to grow grapes

Article – BusinessDesk

Sept. 11 (BusinessDesk) – Turners & Growers, the fruit marketer majority owned by Germany’s BayWa, has entered a joint venture with Unifrutti Chile to grow and export Peruvian grapes. Read more »

Ms Mary-Jane Daly appointed as independent director

Press Release – Kiwi Income Property Trust

Kiwi Income Property Trust announces the appointment of Ms Mary-Jane Daly to the Board of the Manager, with effect from today. Read more »

APN abandons US$250 mln ‘junk bond’ sale as investors baulk

Article – BusinessDesk

Sept. 11 (BusinessDesk) – APN News & Media, the Australasian media group looking at spinning out its New Zealand unit, has dumped plans to raise US$250 million in a note offering from US investors and is looking at others ways to improve its financial … Read more »

MARKET CLOSE: NZ shares extend decline on US rate outlook

Article – BusinessDesk

Sept. 10 (BusinessDesk) – New Zealand stocks extended their decline from a record in quiet pre-election trading as speculation US interest rates will rise sapped investor appetite for risk-sensitive equity markets. Companies shedding rights to upcoming … Read more »

Snakk CEO answers shareholder questions in new video series

Press Release – Snakk Media

AUCKLAND, New Zealand, 10 September 2014 – Snakk Media Limited (NZAX: SNK) is releasing the first of a regular video series that puts Group CEO Mark Ryan in front of the camera answering shareholder questions. Read more »

Philanthropist Gardiner’s NZ Refining stake split eight ways

Article – BusinessDesk

Sept. 10 (BusinessDesk) – The estate of late Canadian philanthropist George Ryerson Gardiner has divided up its stake in New Zealand Refining Co as an inheritance. Read more »

MARKET CLOSE: NZ shares fall from record on election jitters

Article – BusinessDesk

Sept. 9 (BusinessDesk) – New Zealand stocks fell from a record as this month’s general election created uncertainty for investors in light trading. Meridian Energy dropped from a record close, and Spark New Zealand fell from a more-than six-year high. Read more »

Smartpay turns to Australian taxi market for margin growth

Article – BusinessDesk

Sept. 9 (BusinessDesk) – Smartpay, the listed payments terminal supplier, said it will sell into the taxi market in Australia before the end of the year to counteract a forecast 8 percent revenue drop that will follow the loss of an Australian contract … Read more »

Dorchester raises 2015 profit expectations on better trading

Article – BusinessDesk

Sept. 9 (BusinessDesk) – Dorchester Pacific, the finance company which plans this month to make a takeover bid for vehicle auction company Turners Group, raised its forecast for annual profit on better-than-expected trading across its insurance and … Read more »

Acurity lifts stake in Auckland endoscopy, laparoscopy firm

Article – BusinessDesk

Sept. 9 (BusinessDesk) – Acurity Healthcare Group, whose major shareholders are seeking to take the company private, has lifted its stake in Endoscopy Auckland and Laparoscopy Auckland after exercising options for an undisclosed sum. Read more »

NZ dollar declines as US dollar advances on optimism

Article – BusinessDesk

Sept. 9 (BusinessDesk) – Veritas Investments, which owns the Mad Butcher franchise business, has bought upmarket grocery chain Nosh Food Market for $1.77 million. Read more »

MARKET CLOSE: NZX 50 at record as investors hunt yield

Article – BusinessDesk

Sept. 8 (BusinessDesk) – New Zealand stocks rose, pushing the NZX 50 Index to a record close, as better polling by the incumbent government ahead of this month’s election drew offshore investors back to high yielding stocks such as Meridian Energy, Genesis … Read more »

Notice of Offer of Same Class Financial Products for Issue

Press Release – Chatham Rock Phosphate

Chatham Rock Phosphate Limited ( Chatham Rock ) intends to undertake a pro-rata 2 for 17 renounceable rights offer for new ordinary shares in Chatham Rock ( New Shares ) to Chatham Rocks eligible shareholders (those on the share register on the record … Read more »

Heartland takes 10% stake in HarMoney for undisclosed sum

Article – BusinessDesk

Sept. 8 (BusinessDesk) – Heartland New Zealand has taken a 10 percent stake in peer-to-peer lender HarMoney for an undisclosed sum and will provide funding through New Zealand’s only licensed platform as it continues to diversify its finance options. Read more »

Diligent censured over late reporting

Article – BusinessDesk

Sept. 8 (BusinessDesk) – Diligent Board Member Services, which was beset with administrative mis-steps last year, has been censured for failing to file earnings with the stock market operator, its second public telling off after breaching listing rules last … Read more »

Gentrack disclosure is warning to other listed companies

Article – BusinessDesk

Sept. 8 (BusinessDesk) – Rob Everett, head of the Financial Markets Authority, is warning listed-companies not to skirt continuous disclosure rules in light of recent complaints about Gentrack Group and Lyttelton Port Co, and has urged investors to … Read more »

Appeal Court dashes Chorus’s bid to overturn price ruling

Article – BusinessDesk

Sept. 8 (BusinessDesk) – The Court of Appeal has dismissed Chorus’s bid to overturn a decision upholding proposed cuts to the regulated pricing of services over its copper line services. Read more »

Sky TV loses rights to PGA golf series

Article – BusinessDesk

Sept. 8 (BusinessDesk) – Sky Network Television, New Zealand’s dominant pay-TV company, failed to renew the broadcast rights to US PGA Golf, European PGA Golf and the PGA Asian Tour Golf, which have previously represented 1.1 percent of total viewership … Read more »

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