Anglicans' oil vote causes ripples
New Zealand's Catholic Church says it will "reflect" on a decision by Auckland Anglicans to sell out of all fossil fuel investments within two years.An ethical investment adviser says the Anglican...
View ArticleInvestor interest returns to bonds
Bond markets have undergone a sea change during the last few months, heralding the start of a more normal investment climate after years of unnaturally low interest rates, say fixed interest...
View ArticleFlurry of bond issues expected in busy week
Fixed interest investors face a flurry of bond issuance over the next week or so as corporates look to lock in favourable funding rates.Sky Network Television said yesterday that it was considering a...
View ArticleWall St down as investors test options
US stocks slipped on Friday, pushing the market to a weekly loss, as investors assessed the latest round of company earnings.Express Scripts, the largest US pharmacy benefits manager, fell after its...
View ArticleLombard payout 'peanuts'
Almost 4000 out-of-pocket Lombard investors will still get only "peanuts" after the failed finance firm's receivers reached a $10 million settlement with its four directors, says one man who lost money...
View ArticleRules eased for proposed new stock market
Companies that want to list and raise money on a new market proposed by the stock exchange won't have to provide investors with prospective financial information, according to its consultation...
View ArticleCrowd-funding door opens for NZ corporates
Around a dozen companies have indicated interest in setting up crowd-funding or peer-to-peer lending platforms as new rules come into force making it easier for businesses to raise capital.The first...
View ArticleCrowdfunding lures new investors seeking shares
Facebook's latest $US2.3 billion deal for Oculus VR left the 9,522 backers of the startup's online fundraising campaign with T-shirts and trial products. Oculus initially raised cash on Kickstarter, a...
View ArticleHellaby adds $20m in annual sales with acquisitions
Hellaby Holdings, whose interests range from footwear to oil and gas services, expects to add $20 million to annual revenue after buying New Zealand Trucks South Island and Dasko Marketing NZ.The...
View ArticleBrian Gaynor: Possible surge in stock listings good news
There have been a number of recent comments that the New Zealand sharemarket is overvalued, just as it was in the mid-1980s. One of the arguments supporting this is that there are a huge number of new...
View ArticleBob Jones: Blaming banks for our woes just myth making
A unique human characteristic is myth creation. No other species has the cogitative powers to create myths, many, and particularly religion, often being harmful. Last week, I mentioned American...
View ArticleIPO experts in hot demand
Investment bankers are putting increasing numbers of companies under the microscope as New Zealand firms line up to cash in on a rising sharemarket.Sources say advisers are being highly selective when...
View ArticleScales tips July IPO
Christchurch-based agribusiness company Scales Corp said it was considering an initial public offering and a listing on the NZX, which it said would involve majority shareholder Direct Capital selling...
View ArticleScales registers prospectus for IPO
Christchurch agribusiness company Scales said it had registered a prospectus for an initial public offering (IPO) and sharemarket float, with the shares to be priced in an indicative $1.60 to $1.85 per...
View ArticleDotcom dosh linked to immigrant under cloud
The new-found wealth of entrepreneur Kim Dotcom came in part from an immigrant who has had at least $15 million in assets seized in a drug-linked money-laundering inquiry.William Yan, also called Bill...
View ArticleOceania Healthcare IPO on track
Oceania Healthcare is on track for an initial public offering in early 2015, but the Macquarie Group-managed aged-care operator's chief executive, Earl Gasparich, says he's also in talks with private...
View ArticleSuper Fund happy with oil holdings
The New Zealand Superannuation Fund says it remains comfortable with its investment in the US oil and gas industry, despite the sector coming under pressure from a near 60 per cent decline in oil...
View ArticleSharemarket floats tipped to rise this year
A partner with a top law firm says up to 20 sharemarket floats could take place this year.Chapman Tripp, which advised eight of the 12 NZX main board listings last year, will release its New Zealand...
View ArticleIrving Kahn, who predicted 1929 Wall St crash dies aged 109
Irving Kahn, the Manhattan money manager whose astounding longevity enabled him to carry firsthand lessons from the Great Depression well into the 21st century, has died. He was 109.He died on February...
View ArticleMarket watchdog shows it's ready to bite
Financial Markets Authority chief executive Rob Everett says the settlement with Milford Asset Management over market manipulation issues has been an uncomfortable wake-up call for the financial...
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