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Shares Stories - Page 6

Global Stories

Shares stories

Utilico reaps $30.7 mln in Infratil share sell-down
Stock Exchange

Utilico reaps $30.7 mln in Infratil share sell-down

Utilico Investments sold $30.7m of Infratil shares as prices soared, reducing its stake to 6.9% amidst a market high not seen since 2007.

By Pattrick Smellie • 2 min read • Thu, 15th Jan 2015
Sealegs fined $8,000 by NZX over shortfall of independent directors
Shares

Sealegs fined $8,000 by NZX over shortfall of independent directors

Sealegs Corp, the amphibious vehicle maker, has been fined $8,000 and publicly censured by the New Zealand Markets Disciplinary Tribunal after fail.

By Pattrick Smellie • 2 min read • Wed, 24th Dec 2014
Kathmandu warns of slow Christmas trading in Australia, shares fall
Shares

Kathmandu warns of slow Christmas trading in Australia, shares fall

Kathamandu Holdings, the outdoor equipment retailer, has reported a slowdown in sales growth after a subdued start to Christmas shopping in its Aus.

By Pattrick Smellie • 2 min read • Mon, 22nd Dec 2014
GPG gets warning notice over Coats pension scheme
Shares

GPG gets warning notice over Coats pension scheme

Guinness Peat Group has received a warning notice over its Coats Pension Plan from the UK Pensions Regulator over the level of support for the supe.

By Pattrick Smellie • 2 min read • Mon, 22nd Dec 2014

Stories from Other Regions

Shares stories

NZX January trading volume drops, value edges up
Capital

NZX January trading volume drops, value edges up

The volume of cash trading on New Zealand's share market dropped in January from a year earlier, in what's typically a quiet month, though the valu.

By Pattrick Smellie • 2 min read • Wed, 4th Feb 2015
SkyCity cut to 'sell' by Craigs, citing lack of return and high risk
Shares

SkyCity cut to 'sell' by Craigs, citing lack of return and high risk

SkyCity Entertainment Group was downgraded to 'sell' from 'hold' by Craigs Investment Partners, reflecting that the brokerage doesn't expect shares.

By Pattrick Smellie • 2 min read • Tue, 3rd Feb 2015
Turners & Growers annual pre-tax profit to rise as much as 20%
Shares

Turners & Growers annual pre-tax profit to rise as much as 20%

Turners & Growers, the fruit marketer majority owned by Germany's BayWa, expects its pre-tax annual profit to rise as much as 20 percent.

By Pattrick Smellie • 1 min read • Wed, 21st Jan 2015
US identity theft ring investigation to use Wynyard software
NZX

US identity theft ring investigation to use Wynyard software

Wynyard Group's advanced crime analytics software will be used to help 92 US law enforcement agencies tackle a nationwide identity theft ring that'.

By Pattrick Smellie • 3 min read • Tue, 20th Jan 2015
Trade Me takes 15% stake in HarMoney for $7.7 million
Trade Me

Trade Me takes 15% stake in HarMoney for $7.7 million

Trade Me invests $7.7m for a 15% stake in HarMoney, New Zealand's sole licensed P2P lender, aiming to reshape the country's consumer finance.

By Pattrick Smellie • 3 min read • Mon, 12th Jan 2015
MARKET CLOSE: NZ shares fall led by Steel & Tube, NZOG as oil weakens; Spark, MRP gain
Health Technologies

MARKET CLOSE: NZ shares fall led by Steel & Tube, NZOG as oil weakens; Spark, MRP gain

New Zealand shares fell, led by Steel & Tube Holdings, New Zealand Oil and Gas and Fletcher Building, joining a global sell off in equities in the.

By Pattrick Smellie • 3 min read • Tue, 6th Jan 2015
MARKET CLOSE: NZ shares rise in thin trading, led by Xero; Infratil falls
Fintech

MARKET CLOSE: NZ shares rise in thin trading, led by Xero; Infratil falls

New Zealand shares rose to a record close in light holiday trading, led by companies that have been sold off in recent months, including Xero and N.

By Pattrick Smellie • 3 min read • Mon, 29th Dec 2014
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
MARKET CLOSE: NZ shares rise in pre-Xmas trading; Kathmandu snaps declines; POT at record
NZX

MARKET CLOSE: NZ shares rise in pre-Xmas trading; Kathmandu snaps declines; POT at record

NZ shares see a slight pre-Xmas rise, Kathmandu rebounds from losses, while Port of Tauranga hits a record high.

By Pattrick Smellie • 3 min read • Wed, 24th Dec 2014
Augusta buys $58.5 mln retail property for syndication
Physical Security

Augusta buys $58.5 mln retail property for syndication

Augusta Capital, the listed property investor and fund manager, has bought the Southgate Centre retail site in Auckland's Takanini, which it plans.

By Pattrick Smellie • 2 min read • Wed, 24th Dec 2014
NZ Refining signs platinum sale and lease back deal with Bank of Nova Scotia
Shares

NZ Refining signs platinum sale and lease back deal with Bank of Nova Scotia

New Zealand Refining, which operates the Marsden Point refinery, has entered into a sale and lease back agreement for industrial platinum with Bank.

By Pattrick Smellie • 2 min read • Tue, 23rd Dec 2014
PGG Wrightson reaffirms 2015 earnings growth, signs of weak dairy weighing on market
Shares

PGG Wrightson reaffirms 2015 earnings growth, signs of weak dairy weighing on market

PGG Wrightson, the rural services firm controlled by China's Agria Corp, has affirmed expectations for earnings growth in 2015 but is seeing 'signs.

By Pattrick Smellie • 2 min read • Mon, 22nd Dec 2014
Stuart McLean moves to Trade Me as Xero ditches chief revenue role
Fintech

Stuart McLean moves to Trade Me as Xero ditches chief revenue role

Stuart McLean will join the executive team at Trade Me Group, the online auction site, after Xero, the cloud-based accounting firm, ditched his for.

By Pattrick Smellie • 2 min read • Sat, 20th Dec 2014
Auckland convention centre cost jumps by a fifth
Government

Auckland convention centre cost jumps by a fifth

SkyCity Entertainment Group, the casino and hotel operator, is in talks with the government on how to fund the increased cost of as much as $130 mi.

By Pattrick Smellie • 2 min read • Fri, 19th Dec 2014