Latest from New Zealand Stock Exchange
Telecom credit rating cut after Chorus split
Telecom's long-term credit rating has been cut one notch by Standard & Poor's to reflect the demerger of the company's Chorus business and the loss of its network revenues.
Turners and Growers in German takeover bid
Turners and Growers has received a takeover offer from German company BayWa, with the...
Fairfax to pocket $530m from Trade Me float
The partial float of Trade Me has been priced at $2.70 a share, and Fairfax will walk away from the float with $530m.
Metlifecare shares go at 7.1pc discount in capital raising
Metlifecare, the retirement village operator, sold shares to institutional and experienced investors at a 7.1 per cent discount as part of its capital raising.
NZ shares edge up on thin trade over Euro fears
New Zealand shares were mixed in light trading as investors weighed the global risks, including the potential derailment of Europe's plan to staunch its debt crisis.
Metlifecare unveils $45.5m capital raising
Metlifecare, the retirement home operator, is to seek up to $45.5 million in new capital, while 82 per cent-owner Retirement Village Group will sell down its stake.
Fund managers sounded out over Trade Me float pricing
As the Trade Me float draws nearer, fund managers are being asked about demand for the shares, which may raise $300 million.
Summerset share price set -$1.40 each
Summerset Group, the retirement village operator preparing a partial float, has set its listing price at $1.40 a share, the bottom end of the indicative range.
Shares inch up amid growing optimism over Europe
New Zealand shares rose yesterday, with OceanaGold, ANZ, Westpac and AMP leading the gains as equities reflected more optimism over Europe.