
Tegel IPO to raise up to $344 million
The shares will be listed on the NZX main board and Australia's ASX on May 3.
The shares will be listed on the NZX main board and Australia's ASX on May 3.
The mood was upbeat at NZX's Auckland offices yesterday as the third addition to the new NXT board, food supplements maker Oceania Natural, went public.
Shares in Oceania Natural rallied after the supplement maker became the third company to list on NZX's new NXT market.
Dimming chances of an interest rate hike in the US have worked to counteract any weakness in the New Zealand dollar.
An executive reshuffle at ikeGPS will see the departure of the developer's chief financial officer and senior vice-president of sales.
WATCH: Protesters disrupt big petroleum conference at Auckland's SkyCity.
The New Zealand dollar is heading for a 1.3 per cent gain this week as demand for the greenback waned.
20 shareholders in VistaGroup International will sell about a quarter of the company's stock to institutions and retail brokers at a 6.3 percent discount.
Property developers John and Michael Chow have reduced their holding in Chow Group as part of their efforts to meet NZX listing requirements.
Auckland Airport hit an impressive milestone this week as its market capitalisation sailed across the $8 billion mark for the first time.
Adult entertainment and property investors strike deal for troubled builders.
Company says latest Solid Energy cuts not a 'slash and burn exercise'.
The kiwi advanced to 47.62 British pence at 8am in Wellington.
This week marks the seven-year anniversary of this bull market. In March 2009, the S&P500 share market index in the US bottomed at a closing level of 677 points.
The Serious Fraud Office has ended its three-year contract with Wynyard a year early because the software could not deal with some of its accounting documents.
The kiwi touched a two-month high as the greenback slid following a mixed report on the US jobs market.
Plunging oil prices have forced New Zealand Oil & Gas to shed workers, prune its board and will lead to the shutdown of an offshore field four years early.