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Allan Gray reduces stake in APN News & Media
GrabOne

Allan Gray reduces stake in APN News & Media

The Australian fund that helped force a boardroom shakeout at APN News & Media has reduced its stake in the group after earlier selling down its holdi.

By Pattrick Smellie • 2 min read • Tue, 17th Mar 2015
A2 gets approval for ASX listing
NZX

A2 gets approval for ASX listing

A2 Milk Co, the milk marketing company chasing a dual-listing across the Tasman, has issued an information memorandum to would-be Australian investors.

By Pattrick Smellie • 1 min read • Mon, 16th Mar 2015
Asaleo Care beats prospectus with 18% gain in full-year profit
Initial Public Offering

Asaleo Care beats prospectus with 18% gain in full-year profit

Asaleo Care, the maker of household brands such as Libra, Sorbent, Purex and Treasures that debuted on the ASX last year, posted an 18 percent gain in.

By Pattrick Smellie • 2 min read • Tue, 24th Feb 2015
CORRECT: Kirkcaldie & Stains flags October for possible capital return, mulls future of store
Physical Security

CORRECT: Kirkcaldie & Stains flags October for possible capital return, mulls future of store

Kirckcaldie & Stains, the unprofitable Wellington department store, is waiting for a new chief executive and the final payment from the buyer of it.

By Pattrick Smellie • 3 min read • Wed, 18th Feb 2015
Christchurch crematoriums fire up InvoCare's annual income
Commerce Commission

Christchurch crematoriums fire up InvoCare's annual income

InvoCare, Australia's largest undertaker, said its New Zealand unit earnings jumped up 24 percent after it bought two Christchurch crematoriums.

By Pattrick Smellie • 2 min read • Tue, 17th Feb 2015
Evolve on track to secure 85 kindergartens by end of March, eyes more centres
Shares

Evolve on track to secure 85 kindergartens by end of March, eyes more centres

Evolve Education Group, the listed childcare business, said it's on track to settle its acquisitions as forecast in its prospectus and is eyeing fu.

By Pattrick Smellie • 1 min read • Tue, 17th Feb 2015
ASX-listed Inventis sells unprofitable kiwi furniture unit to Hamilton-based firm
Sales

ASX-listed Inventis sells unprofitable kiwi furniture unit to Hamilton-based firm

Inventis, the unprofitable furniture and technology company, has sold its New Zealand unit to a Hamilton-based building firm for an undisclosed sum.

By Pattrick Smellie • 2 min read • Tue, 17th Feb 2015
Nufarm plans to consolidate European plants, take 30M euro charge
Supply Chain

Nufarm plans to consolidate European plants, take 30M euro charge

Nufarm, the agricultural chemicals manufacturer, will take a 30 million euro charge this year to consolidate its European manufacturing operations.

By Pattrick Smellie • 2 min read • Mon, 9th Feb 2015
Tomizone says Gidday Mate with Aussie acquisition
Tomizone

Tomizone says Gidday Mate with Aussie acquisition

NZ's Tomizone tackles Aussie market via PHW reverse takeover, eyeing ASX listing and expansive Wi-Fi dominion.

By Heather Wright • 2 min read • Mon, 2nd Feb 2015
Qantas squeezes more revenue on trans-Tasman route in busier market
Air New Zealand

Qantas squeezes more revenue on trans-Tasman route in busier market

Qantas Airways, Australia biggest airline, lifted revenue on trans-Tasman routes by 18 percent last year amid increased traffic flows.

By Pattrick Smellie • 3 min read • Mon, 29th Dec 2014
Australia's HRL Holdings to buy Precise Consulting
Application Performance Monitoring

Australia's HRL Holdings to buy Precise Consulting

HRL Holdings, the ASX-listed geothermal exploration company, has agreed to buy Precise Consulting, a hazardous material testing laboratory, for $5.

By Pattrick Smellie • 1 min read • Wed, 24th Dec 2014
A2 Milk changes Chinese supply approach for infant formula
Shares

A2 Milk changes Chinese supply approach for infant formula

A2 Milk Co has agreed to make China State Farm Holdings Shanghai the sole importer of its a2Platinum infant formula while the milk marketer will ta.

By Pattrick Smellie • 2 min read • Fri, 21st Nov 2014
MARKET CLOSE: NZX 50 rises to record, led by A2 Milk; Genesis, Meridian gain
Power / Energy

MARKET CLOSE: NZX 50 rises to record, led by A2 Milk; Genesis, Meridian gain

NZX 50 hits record high, driven by A2 Milk's ASX dual-listing news and strong gains in energy and property sectors.

By Pattrick Smellie • 3 min read • Tue, 18th Nov 2014
CORRECT: Telstra spends $20 million for 2% of Orion Health in IPO bookbuild
Unified Communications

CORRECT: Telstra spends $20 million for 2% of Orion Health in IPO bookbuild

Telstra Health, a unit of Australia's largest telecommunications business Telstra Corp, bought 2 percent of Orion Health Group in the healthcare ma.

By Pattrick Smellie • 3 min read • Thu, 13th Nov 2014
CORRECT: Singapore's GIC expands NZ presence, buying into 5 Westfield malls
Shares

CORRECT: Singapore's GIC expands NZ presence, buying into 5 Westfield malls

GIC, the Singaporean investment fund, has entered a joint venture with Scentre Group, the trans-Tasman Westfield mall owner and operator, paying $1.

By Pattrick Smellie • 1 min read • Fri, 7th Nov 2014
CORRECT: Orion to raise $125 mln at $5.70 a share, top of the range
Health Technologies

CORRECT: Orion to raise $125 mln at $5.70 a share, top of the range

Shares of Orion Healthcare Group, which develops software systems for patient health management, have been priced at $5.

By Pattrick Smellie • 2 min read • Fri, 7th Nov 2014
APN to take $54 mln charge on NZ mastheads, sees 5.1% drop in NZME's 2015 earnings
NZX

APN to take $54 mln charge on NZ mastheads, sees 5.1% drop in NZME's 2015 earnings

APN News & Media will take a $54 million impairment on its New Zealand newspaper mastheads in its 2014 results and forecast a 5.

By Pattrick Smellie • 3 min read • Thu, 6th Nov 2014
Xero seeks short-term cash cover
Fintech

Xero seeks short-term cash cover

The cloud accounting software firm expects to make more losses in its push to become a global player and may raise more cash to pay for those plans.

By Pattrick Smellie • 2 min read • Tue, 9th Oct 2012