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TRS extends Mega takeover timetable, confirms US$7mln raised 1 Aug, 5:15pm
TRS Investments, the vehicle being used to list data storage and encryption company Mega, has announced a two-month extension to Oct. 31 to gain shareholder approval for the transaction... More »
Oji Holdings cleared to acquire CHH Pulp & Paper 1 Aug, 5:05pm
Japan's Oji Holdings Corp has been granted antitrust approval to acquire Carter Holt Harvey’s pulp, paper and packaging businesses from billionaire Graeme Hart... More »
Christchurch City seeks to mop up remaining shares in Lyttelton Port 1 Aug, 4:10pm
Christchurch City Holdings, the city's infrastructure investment arm, says it will offer to buy the 20 percent of Lyttelton Port Co it doesn't already own and has a lock-up agreement for Port Otago's 15.5 percent holding. The shares soared on the news... More »
Christchurch considers selling strategic assets stake to fund rebuild 1 Aug, 12:45pm
Christchurch City Council is contemplating the sale of a strategic stake in the holding company that controls the city's port, airport and electricity network to help close the growing gap between its available funding and the likely size of its shar... More »
Kathmandu says July cold snap boosted sales, earnings; shares jump 1 Aug, 11:20am
Kathmandu Holdings says a cold snap last month in Australia and New Zealand helped generate more sales than anticipated when the outdoor apparel and equipment retailer announced a profit warning in June. The shares rose 5.1 percent... More »
Hellaby writes off $26.9 mln goodwill on struggling shoe stores 1 Aug, 10:40am
Hellaby Holdings, the diversified investment company, will take a $26.9 million impairment against its 2014 earnings to write off goodwill on its shoe stores Hannahs and Number One Shoes, after two years of poor performance... More »
NZ dollar slips as greenback lifts on labour data ahead of payrolls report 1 Aug, 8:55am
The New Zealand dollar weakened as US labour market data strengthened the greenback, bolstering optimism of an upbeat US non-farm payrolls report today which may reinforce the case for the Federal Reserve to hike rates sooner than pexpected... More »
While you were sleeping: Adidas wrong-foots 1 Aug, 8:00am
Equities on both side of the Atlantic sank amid concern about US interest rate policy, a surprise profit warning from Adidas and a decision by Argentina to default on its debt... More »
UBS rates out-of-favour Chorus a 'buy', Telecom cut to a 'sell' 31 Jul, 3:20pm
Chorus, whose shares have halved in value from their 2012 peak, offers long-term value given the prospects for ultra-fast broadband, while Telecom faces a challenge rebranding in a competitive services market, UBS analysts say... More »
Judges probe as Chorus appeals Comcom pricing 31 Jul, 1:45pm
Telecommunications infrastructure operator Chorus has opened its case in the Court of Appeal, challenging a High Court decision in April upholding the Commerce Commission's lower-than-expected regulated prices for broadband internet services del... More »
NZ exporters should market more premium products to boost China sales, Boyd says 31 Jul, 12:45pm
New Zealand exporters struggling to meet Chinese demand for commodities such as milk powder, logs and lamb flaps, should look to market more premium products to an increasingly worldly, wealthy Chinese consumer, according to Shanghai-based... More »
CDL Investments posts 44% gain in first-half profit on surge in section sales 31 Jul, 12:05pm
CDL Investments, the residential property developer controlled by Millennium & Copthorne Hotels New Zealand, posted a 44 percent gain in first-half profit after doubling its sales of sections at developments in Auckland, Hamilton and Rollest... More »
