
Tegel IPO comes in at bottom of range
The first IPO of the year was oversubscribed, says Tegel, but shares are being issued at $1.55 each.
The first IPO of the year was oversubscribed, says Tegel, but shares are being issued at $1.55 each.
Demand for Tegel's shares is strong, but mum and dad investors are encouraged to approach with caution.
Submissions to an NZX review show many market participants are keen to reduce "fragmentation" in corporate governance reporting requirements.
Infant formula and health supplement firms are taking a sharemarket pounding today.
The companies have signed a scheme implementation agreement, which values Nuplex at $5.55 a share.
New Zealand shares fell as some investors took advantage of the S&P/NZX 50 index opening at a record.
Could newly listed health supplements maker Oceania Natural be benefiting from the Blackmores effect?
NZX, the financial markets operator, is developing a new market offering New Zealand dairy farmers a way to lessen the risk of volatile milk prices.
The NZX is expected to announce plans for a new milk futures contract tomorrow, which will be aimed at picking up where Fonterra's controversial guaranteed milk price scheme left off.
New Zealand shares fell, dragged down by dual-listed Australia & New Zealand Banking Group and Westpac Banking Group.
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.
New Zealand's first sharemarket listing of the year is Oceania Natural debuting on NZX's new NXT board.
Spark has been given the go-ahead to buy an unused radio spectrum and expand its wireless services.
Problems with Pumpkin Patch's website have added to the company's list of woes as new management tries to turn the baby and childrenswear retailer around.
New Zealand shares hit another record high and turnover topped $500 million .
New Zealand shares hit a record high for a seventh straight session, though trading was quieter after Thursday's interest rate cut
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 NZX reporting season clearly demonstrates that the domestic corporate sector is in good shape, writes Brian Gaynor.
Wynyard Group has signed a $3.3 million contract with a consulting and risk management firm as it finalises rights offer.
Major shareholders will effectively get a further 4 per cent discount for committing to the $30 million rights offer.
Coats Group, the UK-based threadmaker that grew out of diversified investor Guinness Peat Group, has committed to retaining the $708 million generated from asset sales
New Zealand shares were mixed, as Orion Health Group gained from a record low on news of a major US deal.
NZX lifted annual profit 82 per cent in 2015 as the one-off gain from the sale of its Link Market Services division bolstered flat earnings.
Our sharemarket's biggest company, Auckland Airport, is proving somewhat of a conundrum to analysts, investors and fund managers.
New Zealand shares rose, led by Auckland Airport and Chorus on their strong earnings reports.
Takeovers by cashed-up buyers mean less choice for KiwiSavers, Brian Gaynor.