Diligent shareholders vote in favour of takeover

Article – BusinessDesk

April 13 (BusinessDesk) – Shareholders of New York-based Diligent Corp have voted in favour of a takeover by venture capital firm Insight Venture Partners at a special shareholders meeting in Auckland this morning, despite fiery opposition by New … Read more »

Martin Aircraft replaces jetpack engine

Article – BusinessDesk

April 13 (BusinessDesk) – Martin Aircraft has replaced the engine in its jetpacks with a rotary engine from UK-based Gilo Industries Group. Read more »

Cavalier asked to explain 27% share price jump

Article – BusinessDesk

April 12 (BusinessDesk) – The NZX has written to Cavalier Corp asking the carpet maker for an explanation for a 27 percent jump in its share price in under a week. Read more »

Divisions over expanded company reporting

Article – BusinessDesk

April 12 (BusinessDesk) – Institutional investors and listed companies were split on NZX’s proposal to introduce more transparent reporting of non-financial measures and executive pay, submissions show. Read more »

Orion Health shares climb to highest level in 9 months

Article – BusinessDesk

Orion Health shares climb to highest level in more than 9 months on new UK contracts Read more »

KiwiSaver members may fall short at retirement

Press Release – BlacklandPR

KiwiSaver members may fall short at retirement Half of all KiwiSaver members think they know how much money they will need to get by in retirement, but three-quarters have no idea how much they will actually have, new research from Kiwi Wealth shows. … Read more »

Nuplex signs Scheme Implementation Agreement with Allnex

Press Release – Nuplex

Further to the announcement of 15 February 2016, Nuplex Industries Limited (NZX/ASX: NPX, “Nuplex”) today advises that it has entered into a Scheme Implementation Agreement (SIA) with Allnex Belgium SA/NV (Allnex), a leading global coating resins … Read more »

World Week Ahead: IMF outlook, US reporting season in focus

Article – BusinessDesk

April 11 (BusinessDesk) – Investors this week are eyeing the start of the second-quarter US reporting season as well as an update from the International Monetary Fund about the global economic outlook. Read more »

Questions and Answers – 6th April 2016

Press Release – Office of the Clerk Read more »

Kirkcaldie faces $1.3M bill for future lease of Petone site

Article – BusinessDesk

Kirkcaldie faces $1.3M bill for future lease payment of Petone warehouse after deal falls over Read more »

MARKET CLOSE: NZ shares fall from record, led by SkyCity

Article – BusinessDesk

April 8 (BusinessDesk) – New Zealand shares dropped as some investors took advantage of the S&P/NZX 50 Index at a record high to sell stocks and lock in profits. SkyCity Entertainment Group extended its decline on its chief executive’s resignation. … Read more »

Investors selling Diligent shares to avoid being taxed

Article – BusinessDesk

April 8 (BusinessDesk) – New Zealand-based investors are selling out of Diligent Corp before the company’s acquired by venture capital firm Insight Venture Partners out of fear they’ll have to pay tax, analysts say. Read more »

MARKET CLOSE: NZ shares chart new record; Orion extends gain

Article – BusinessDesk

MARKET CLOSE: NZ shares chart new record; Orion extends gains, SkyCity drops as CEO quits Read more »

JBS bid for majority of Scott Technology unconditional

Press Release – BusinessDesk

April 7 (BusinessDesk) – Brazilian meat processor JBS’s move to take majority control of Scott Technology has gone unconditional with the scheme of arrangement to be implemented next week. Read more »

MARKET CLOSE: NZ shares rise; Orion, Comvita gain on news

Article – BusinessDesk

April 6 (BusinessDesk) – New Zealand shares rose, led by Orion Health Group reporting another major contract, while Comvita is poised to enter the index of top 50 stocks. Read more »

Commerce Commission says Steel & Tube mesh failed its tests

Article – BusinessDesk

April 6 (BusinessDesk) – The Commerce Commission says seismic steel mesh which it tested as part of an investigation into Steel & Tube Holdings didn’t meet the requirements of the standard and it understands the mesh will not be sold until compliance … Read more »

Nikko’s Williams warns NZ shares are “expensive”

Article – BusinessDesk

April 6 (BusinessDesk) – Nikko Asset Management’s head of equities Stuart Williams has warned New Zealand’s share market is overly expensive though he acknowledged that yield has held up. Read more »

Comvita to enter S&P/NZX 50 if Diligent takeover proceeds

Article – BusinessDesk

April 6 (BusinessDesk) – Comvita, the natural health products company, is to enter the S&P/NZX 50 Index if the takeover of Diligent Corp by Insight Venture Partners goes ahead. Read more »

Steel & Tube imposes new testing regime on seismic mesh

Article – BusinessDesk

April 6 (BusinessDesk) – Steel & Tube Holdings, which is being investigated by the Commerce Commission after admitting selling “many thousands of sheets” of earthquake reinforcing mesh incorrectly labelled as being independently certified, … Read more »

NZX plans to offer milk price futures, options

Article – BusinessDesk

April 6 (BusinessDesk) – NZX, the financial markets operator, is developing a new market offering New Zealand dairy farmers a way to lessen the risk of volatile milk prices. Read more »

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