Dairy product prices decline for second straight auction

Article – BusinessDesk

Jan. 4 (BusinessDesk) – Dairy product prices fell at the Global Dairy Trade auction, sliding for a second consecutive auction, as whole milk powder prices unexpectedly sank amid increased volume on offer. Read more »

MARKET CLOSE: NZX50 ends year 9% higher

Article – BusinessDesk

Dec. 30 (BusinessDesk) – New Zealand shares were mixed on the last trading day of the year, with the benchmark index ending 9 percent higher than on Jan. 1, breaking a four-year streak of double-digit gains. Read more »

Plexure shares soar after signing agreement with McDonald’s

Article – BusinessDesk

Dec. 30 (BusinessDesk) – Plexure Group, the digital advertising firm formerly known as VMob, has signed an agreement with the biggest McDonald’s franchisee in Latin America and the Caribbean, expanding its relationship with the global fast food giant. Read more »

While you were sleeping: Stocks, oil, dollar slip

Article – BusinessDesk

Dec. 30 (BusinessDesk) – Equities, oil and the US dollar weakened as investors took some profits in year-end trading. Read more »

MARKET CLOSE: NZ shares rise on ‘random order flow’

Article – BusinessDesk

Dec. 29 (BusinessDesk) – New Zealand shares rose on light volume, with A2 Milk Co, Z Energy and Air New Zealand all gaining, while Freightways dropped. Read more »

Bapcor closes in on control of Hellaby

Article – BusinessDesk

Dec. 29 (BusinessDesk) – ASX-listed auto-parts company Bapcor is creeping closer to control of Hellaby Holdings, building a 47.5 percent stake according to its latest disclosure this morning. Read more »

One step back

Article – CMC Markets

After several recent steps forward Asia Pacific markets may come under selling pressure today following negative overnight leads. US indices pulled back from all-time highs, and currencies and commodities largely marked time as professional investors tweaked … Read more »

MARKET CLOSE: NZ shares dip in holiday trading

Article – BusinessDesk

MARKET CLOSE: NZ shares dip in holiday trading; Ryman, Kathmandu fall while Sky TV, Kiwi Property gain Read more »

Pumpkin Patch owes $59.5 million to ANZ

Article – BusinessDesk

Dec. 28 (BusinessDesk) – Pumpkin Patch owes $59.5 million to its bank and at least $6.6 million to other creditors, receivers KordaMentha said in their first report on the failed children’s clothing retailer. Read more »

Pumpkin Patch owes $59.5 million to ANZ

Article – BusinessDesk

Dec. 28 (BusinessDesk) – Pumpkin Patch owes $59.5 million to its bank and at least $6.6 million to other creditors, receivers KordaMentha said in their first report on the failed children’s clothing retailer. Read more »

Australia’s VET student loan transition period

Article – BusinessDesk

Dec. 28 (BusinessDesk) – Intueri Education Group’s Australian Conwal & Associates unit has been rejected from provisional entry to the VET student loan scheme transition period, a week after having its application for a hike in funding turned down. Read more »

Resources to inspire rally

Article – CMC Markets

The Australian share market is set disregard a weak futures market lead from last weeks close. Improved performances from European and US markets in holiday trading and data released overnight should help trading sentiment. Rallies in important commodities … Read more »

While you were sleeping: Nasdaq climbs to record

Article – BusinessDesk

Dec. 28 (BusinessDesk) – Wall Street gained, pushing the Nasdaq to a record high, while oil prices also moved higher ahead of planned production cuts. Read more »

MARKET CLOSE: NZ shares rise in run-up to Christmas

Article – BusinessDesk

Dec. 23 (BusinessDesk) – New Zealand shares rose in abbreviated trading ahead of the Christmas holiday, led by blue-chip stocks including Auckland International Airport and Spark New Zealand, while Tenon gained on the prospect of it selling its remaining … Read more »

Tenon in exclusive talks to sell remaining NZ operations

Article – BusinessDesk

Dec. 23 (BusinessDesk) – Tenon, which sold its US operations for US$110 million, is in exclusive talks with a potential buyer of its remaining New Zealand assets, which would see the former Fletcher Challenge entity wound up. Read more »

ASX 200 defies offshore nerves

Article – CMC Markets

The local market has continued this weeks trend by outperforming international markets this morning. Read more »

Rifa offer near top of Grant Samuel’s assessed range

Article – BusinessDesk

Dec. 21 (BusinessDesk) – Zhejiang Rifa Holding Group’s partial takeover offer for Airwork Holdings is near the top of independent adviser Grant Samuel’s assessed value range for the shares. Read more »

Tourism Holdings to buy El Monte US campervan business

Article – BusinessDesk

Dec. 21 (BusinessDesk) – Tourism Holdings will pay US$65.3 million for US campervan rental and sales business El Monte Rents to expand its operations in the world’s largest recreational vehicle market. Read more »

Abano confirms first-half profit gain

Article – BusinessDesk

Dec. 21 (BusinessDesk) – Abano Healthcare, fending off a hostile takeover from its biggest shareholder, cut 3 cents from the independent valuation it commissioned to allow for executive incentive shares while confirming a 73 percent gain in first-half … Read more »

Resource stocks back in favour?

Article – CMC Markets

Bond yields made a short term peak on Friday. This appears to have driven a rally in yield based stocks. Over the past two days its been the defensive sectors that have driven the ASX 200 index higher. The market was characterised by solid … Read more »

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