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Global Stories

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2degrees founding father sells all shares
Unified Communications

2degrees founding father sells all shares

2degrees mobile telecom pioneer Tex Edwards exits, selling his stake after shaping the company into a formidable NZ market player.

By Sam Worthington • 2 min read • Fri, 8th Jul 2016
While you were sleeping: Apple, Microsoft falter
Microsoft

While you were sleeping: Apple, Microsoft falter

Apple and Microsoft earnings disappoint, raises doubt over tech rally that pushed Nasdaq to new highs #WallStreet.

By Pattrick Smellie • 2 min read • Thu, 23rd Jul 2015
Rakon back to profit
Rakon

Rakon back to profit

Rakon returns to profit with a USD $3.2 million net gain after closing its UK plant and shifting production to India and NZ, despite doubling its debt.

By Pattrick Smellie • 2 min read • Thu, 21st May 2015
Smiths City names 'turnaround specialist' Roy Campbell as CEO
Shares

Smiths City names 'turnaround specialist' Roy Campbell as CEO

Smiths City Group, the Christchurch-based retail chain, named Roy Campbell as chief executive, replacing Rick Hellings, who departs after 15 years as.

By Pattrick Smellie • 1 min read • Tue, 14th Apr 2015

Stories from Other Regions

Shares stories

Enprise ekes out small annual profit in drive to grow NZ market
Unified Communications

Enprise ekes out small annual profit in drive to grow NZ market

Accounting software reseller Enprise Group posted an annual profit in its first filing on the NZAX as it places greater emphasis on the NZ market.

By Pattrick Smellie • 2 min read • Tue, 16th Jun 2015
Punakaiki first fund to do NZ equity crowdfunding; raises $660,000 on debut
Initial Public Offering

Punakaiki first fund to do NZ equity crowdfunding; raises $660,000 on debut

Tech investor Lance Wiggs' Punakaiki Fund has launched the first equity crowdfunding campaign for a private equity fund in New Zealand.

By Pattrick Smellie • 3 min read • Tue, 16th Jun 2015
GeoOp widens annual loss as it chases US customers
Shares

GeoOp widens annual loss as it chases US customers

GeoOp, the workforce management app, widened its annual loss as it invests in product development and adding new customers.

By Pattrick Smellie • 2 min read • Thu, 11th Jun 2015
Warehouse posts 5% gain in 3rd-qtr sales, says FY profit on track
Noel Leeming

Warehouse posts 5% gain in 3rd-qtr sales, says FY profit on track

Warehouse Group posted a 5% gain in 3rd quarter sales which it said was in line with its expectations and meant it was on track to meet annual profit.

By Pattrick Smellie • 3 min read • Fri, 8th May 2015
Warehouse may offer $125M of 5-year fixed-rate bonds
Shares

Warehouse may offer $125M of 5-year fixed-rate bonds

The retailer may sell as much as $125 million of five-year bonds to refinance $100 million of bonds maturing next month.

By Pattrick Smellie • 1 min read • Tue, 5th May 2015
MARKET CLOSE: NZ shares rise led by rebound in MRP
NZX

MARKET CLOSE: NZ shares rise led by rebound in MRP

NZ stock market ends on a positive note as MRP's rebound boosts shares from a 6-month low; Orion Health slumps.

By Pattrick Smellie • 3 min read • Tue, 14th Apr 2015
Scott Technology first-half profit rises 40% as acquisitions drive revenue growth
Shares

Scott Technology first-half profit rises 40% as acquisitions drive revenue growth

Scott Technology, the industrial automation firm, posted a 40 percent gain in first-half profit as sales from recent acquisitions helped drive revenue.

By Pattrick Smellie • 2 min read • Tue, 14th Apr 2015
NZ Oil & Gas gets 3 directors on expanded Cue Energy board of 6
Shares

NZ Oil & Gas gets 3 directors on expanded Cue Energy board of 6

New Zealand Oil & Gas has gained three directors on an expanded board at Cue Energy Resources after securing 48 percent of the ASX-listed energy compa.

By Pattrick Smellie • 2 min read • Tue, 14th Apr 2015
Payday for CallPlus founders in $250M sale to M2
Unified Communications

Payday for CallPlus founders in $250M sale to M2

M2 Group, the ASX-listed voice and data services company, has agreed to acquire New Zealand's Call Plus for $250 million, gaining the nation's third l.

By Pattrick Smellie • 2 min read • Tue, 14th Apr 2015
MARKET CLOSE: NZ shares rise, led by Pacific Edge
NZX

MARKET CLOSE: NZ shares rise, led by Pacific Edge

New Zealand shares rose, led by Pacific Edge after a report about its medical testing products was published in a prominent medical journal.

By Pattrick Smellie • 3 min read • Fri, 10th Apr 2015
Zeta Resources makes bid for Pan Pacific Petroleum, valuing target at A$29.4M
Shares

Zeta Resources makes bid for Pan Pacific Petroleum, valuing target at A$29.4M

Zeta Resources, the ASX-listed investment group advised by Duncan Saville's ICM unit, has made a full takeover bid for Pan Pacific Petroleum, valuing.

By Pattrick Smellie • 2 min read • Fri, 10th Apr 2015
MARKET CLOSE: NZ shares fall led by Meridian; Fliway drops on debut
Supply Chain

MARKET CLOSE: NZ shares fall led by Meridian; Fliway drops on debut

New Zealand shares dipped, driven by Meridian's installment payment concerns, while newcomer Fliway Group fell below its offer price on its debut.

By Pattrick Smellie • 3 min read • Thu, 9th Apr 2015
Fishing company Sanford looks to lay off 232 Christchurch staff
Government

Fishing company Sanford looks to lay off 232 Christchurch staff

Sanford, New Zealand's largest listed fishing group, is in consultations with 232 staff who look likely to lose their jobs at the company's Christchur.

By Pattrick Smellie • 3 min read • Thu, 9th Apr 2015