MARKET CLOSE: NZX 50 rises to record again

Article – BusinessDesk

Jan. 27 (BusinessDesk) – New Zealand shares rose, pushing the NZX 50 Index to a record, as low interest rates spurred investors to seek out companies paying reliable dividends such as Meridian Energy. Fisher & Paykel Healthcare gained after the kiwi dollar … Read more »

A2 Milk Co changes requirements for NZ directors

Article – BusinessDesk

Jan. 27 (BusinessDesk) – Shareholders of The A2 Milk Company, the milk marketing company, have approved a new constitution which allows a reduction in the minimum number of New Zealand-resident directors ahead of a planned dual listing on the ASX … Read more »

Spark’s long-term executive Chris Quin to leave in June

Article – BusinessDesk

Jan. 27 (BusinessDesk) – Spark New Zealand head of home, mobile and business Chris Quin, a 20-year veteran of the company and one-time contender for the top job, will leave the telecommunications company at the end of June this year. Read more »

Leadership And Strategy Execution Changes at Spark NZ

Press Release – Spark NZ

Two years ago Spark New Zealand (Telecom at that time) embarked on a bold new strategy designed to transform the business from a traditional fixed and mobile infrastructure company to a future-oriented, competitive retailer of digital services delivered … Read more »

MARKET CLOSE: NZX 50 charts new record high, led by Spark

Article – BusinessDesk

Jan. 26 (BusinessDesk) – New Zealand shares rose to a new record close as holidays in Auckland and Australia kept trading volumes light. The gains were led by companies offering relatively high dividend yields, such as Spark New Zealand. Read more »

VMob raises $2.17 mln, signs McDonald’s deal, shares soar

Article – BusinessDesk

Jan. 26 (BusinessDesk) – VMob, the NZAX-listed mobile voucher developer formerly known as VoucherMob, raised $2.17 million to help fund its global growth aspirations, and separately signed a worldwide deal with McDonald’s rolling out its platform immediately … Read more »

New NXT market unlikely to launch until at least March

Article – BusinessDesk

Jan. 26 (BusinessDesk) – The New Zealand stock exchange’s NXT growth market probably won’t have listings in place for a launch until at least March, six months after it gained Financial Market Authority approval for listing rules and market registration. Read more »

World Week Ahead: Eyes on Fed, Greece

Article – BusinessDesk

Jan. 26 (BusinessDesk) – US Federal Reserve policy makers begin a two-day meeting on Tuesday and investors will be looking for any clues on the timing of an interest rate increase even as central banks elsewhere seek to bolster the growth outlook. … Read more »

Yeastie Boys release share offer details

Press Release – Yeastie Boys

Ground breaking New Zealand brewers Yeastie Boys have released details of their highly anticipated share offer. Read more »

IG’s trading wrap : Euphoric reaction to ECB decision

Press Release – IG Markets

FTSE 6820 +23 DAX 10484 +48 CAC 4585 +32 IBEX 10612 +101 MIB 20585 +115 Read more »

MARKET CLOSE: NZX 50 rises to a record; MRP, Meridian gain

Article – BusinessDesk

Jan. 23 (BusinessDesk) – New Zealand shares rose in a global rally, paced by Genesis Energy, Meridian Energy and MightyRiverPower, as investors sought income-paying investments in a globally low interest rate environment. Read more »

TeamTalk revises 1H profit expectations down on poor trading

Article – BusinessDesk

Jan. 23 (BusinessDesk) – TeamTalk, the listed telecommunications firm, has revised down its profit expectations for the first half of the financial year to about $2 million less than what it achieved at the same time last year, forcing an early refinancing … Read more »

NZX 50 soars to fresh record in global equities rally

Article – BusinessDesk

Jan. 23 (BusinessDesk) – The NZX 50 Index climbed to a fresh high as investors hunt for income paying investments on the prospect of interest rates staying lower for longer, as the European Central Bank embarks on a sovereign debt buying programme. Read more »

Appointment of Chief Executive Officer Xavier Simonet

Press Release – Kathmandu

Kathmandu today announced the appointment of Xavier Simonet as the new Chief Executive Officer of the company. Read more »

Kathmandu appoints Xavier Simonet as new chief executive

Article – BusinessDesk

Jan. 23 (BusinessDesk) – Kathmandu, the Christchurch-based outdoor clothing retailer, has appointed Xavier Simonet as its new chief executive who will relocate from London to Melbourne to take up the role. Read more »

FMA warns trader on market manipulation

Article – BusinessDesk

Jan. 23 (BusinessDesk) – The Financial Markets Authority has formally warned an unnamed trader over market manipulation for buying the same shares they were trying to sell. Read more »

FMA warns individual trader over online market manipulation

Press Release – Financial Markets Authority

The Financial Markets Authority (FMA) has issued a warning to an individual online trader in relation to suspected market manipulation trading conduct. Read more »

Windflow to sack staff as UK, NZ energy markets remain slow

Article – BusinessDesk

Jan. 23 (BusinessDesk) – Windflow Technology, the unprofitable wind turbine manufacturer, will sack staff to reduce costs in the face of slow planning and production in the UK and weak demand in the New Zealand market. Read more »

New Zealand shares fell, led by Meridian, MRP

Article – BusinessDesk

Jan. 22 (BusinessDesk) – New Zealand shares fell, led by power companies Meridian Energy and MightyRiverPower as they dropped from record highs with investors looking to crystallise recent gains. Warehouse Group gained after James Pascoe Group upped … Read more »

CORRECT: James Pascoe increases stake in Warehouse to 7.4%

Article – BusinessDesk

Jan. 22 (BusinessDesk) – James Pascoe, the retail group owned by David and Anne Norman, has added to its holding in Warehouse Group by buying on market this week, as the shares traded at a near two-and-a-half year low. Read more »

« Previous PageNext Page »