Tex Edwards, 2degrees founder, sells shares to Trilogy

Press Release – 2Degrees

2degrees and Tex Edwards announced today that Tex and KLR have transferred all their interests in 2degrees to existing shareholder Trilogy International New Zealand LLC or back to the company. The terms of the transfers are confidential. Read more »

Fairfax/NZME deal may delay ComCom’s Sky/Voda decision

Article – BusinessDesk

July 6 (BusinessDesk) – Sky Network Television chief executive John Fellet says hes concerned the proposed merger between the countrys dominant publishers, NZME and Fairfax NZ, could slow down clearance for Skys planned tie-up with Vodafone New … Read more »

NZ shares rise on outlook for low interest rates

Article – BusinessDesk

July 5 (BusinessDesk) – New Zealand shares rose as the prospects of interest rates staying low drew investors to the equity market in search of better returns. Air New Zealand, Metlifecare and Ryman Healthcare gained. Read more »

NZ businesses turn optimistic in June quarter

Article – BusinessDesk

July 5 (BusinessDesk) – New Zealand firms turned optimistic about the state of the economy in the June quarter as moderating cost pressures helped boost margins and lifted profit expectations. Read more »

NZ dollar TWI climbs to new 13-month high

Article – BusinessDesk

July 5 (BusinessDesk) – The New Zealand dollar rose to a new 13-month high on a trade-weighted basis as the relatively high yield on offer continues to attract investors wary of low interest rates persisting for longer than expected. Read more »

Apple Fields Directors Exonerated

Press Release – Apple Fields Limited

Decision from the Court of Appeal, released 30/06/2015 PRAIN & SCHROEDER v FINANCIAL MARKETS AUTHORITY [2016] NZCA 298 [30 June 2016] Read more »

Fonterra the first of six companies taking Z’s new biodiesel

Article – BusinessDesk

July 1 (BusinessDesk) – Fonterra Cooperative Group is one of six cornerstone customers switching to Z Energys new biodiesel produced from meat industry tallow. Read more »

Vodafone customers score pass to SKY Sport or SoHo

Press Release – Vodafone

Vodafone customers score pass to SKY Sport or SoHo just in time for the biggest sporting event of them all Vodafone is offering fans a front row seat to a huge year of sporting action from the comfort of their own homes with a special offer launching … Read more »

Stone Shi-linked investment company buys Ardmore Airport

Article – BusinessDesk

July 1 (BusinessDesk) – Kauri Ardmore, a New Zealand investment company associated with Oravida founder Stone Shi, has acquired Ardmore Airport for an undisclosed sum, gaining a facility that houses seven flying schools, charter operators, maintenance, … Read more »

Augusta Capital to lift annualised dividend payments 10%

Article – BusinessDesk

July 1 (BusinessDesk) – Augusta Capital, the listed property investor and fund manager, will lift its dividend payments by 10 percent in the 2017 year saying the increase reflected the growth of its funds management business. Read more »

Premium marlborough wine maker lists on NXT Market – MWE

Press Release – Ellis and Co

Auckland, New Zealand: Premium wine maker, Marlborough Wine Estates Group Limited (MWE) has become the third wine company to list on the New Zealand stock exchange and the fourth company to list on the NXT market following a compliance listing today. Read more »

While you were sleeping: Stocks, oil rally

Article – BusinessDesk

June 30 (BusinessDesk) – Global equites extended their rally amid bets central banks will help ease the impact of the UKs decision to leave the European Union on the global economy and corporate profits. Read more »

KiwiNet receives $10 million PreSeed investment

Press Release – KiwiNet

Hamilton, New Zealand – 28 June 2016 – The Kiwi Innovation Network (KiwiNet) has received $10.3 million of new investment over the next three years, under a new allocation of Government PreSeed investment, to help transform cutting edge science into commercial … Read more »

NZ dollar hits 3-year high vs British pound

Article – BusinessDesk

June 28 (BusinessDesk) – The New Zealand dollar hit a three-year high against the British pound amid continued uncertainty about the outlook for the UK following that country’s vote to leave the European Union. Read more »

NZME buyers, sellers slow to meet

Article – BusinessDesk

June 27 (BusinessDesk) – NZME shares didn’t trade in the first hour after listing at midday as investors questioned the valuation of the New Zealand print media and radio assets spun off from APN News & Media. Read more »

NZ shares drop 1.2% as Brexit impact reverberates

Article – BusinessDesk

June 27 (BusinessDesk) – New Zealand shares extended their decline as the UK’s surprise vote to leave the European Union stoked fears of a flow-on impact on commodity prices, credit markets and global economic growth. Read more »

Fronde chairman Jon Mayson ousted, two other directors exit

Press Release – BusinessDesk

Jon Mayson, chairman of IT services provider Fronde, has been asked to step down by the companys two main shareholder/directors who wanted to refresh the board. Read more »

Brexit Fallout

Press Release – IG Markets

The surprise Leave victory in the UKs Brexit referendum has changed the calculus of global markets. We have seen the biggest intra-day volatility in the pound on record, as evidenced by it hitting a yearly high and yearly low within hours … Read more »

NZ interest rates plunge as Brexit gets closer to reality

Article – BusinessDesk

June 24 (BusinessDesk) – New Zealand swap rates plunged as news of the likely victory for Brexit in the UK’s referendum on whether to leave the European Union rippled through global financial markets and sent investors fleeing for safe havens. Read more »

Cavalier Corporation revises earnings position

Press Release – Cavalier Corporation

Cavalier Corporation revises earnings position Cavalier Corporation is pleased to announce a second positive earnings revision to an estimated $6 million normalised profit after tax for 2015/16. This is up $5 million on the previous years normalised … Read more »

« Previous PageNext Page »