Singapore's Wilmar International says it is assessing whether it will buy more shares in dual-listed Goodman Fielder after spending A$115 million ($147m) on becoming the Australasian food group's biggest shareholder with a 10.1 per cent stake.
OTS Logistics Group (OTS), which was founded by expatriate New Zealand businessman and philanthropist Owen Glenn, has been sold to a London-based private equity group, Man Capital LLP, for an undisclosed sum.
Scales Corp said its move to acquire a 5.95 percent stake in Turners and Growers (T&G) was not intended as spoiling action for BayWa Aktiengesellschaft's takeover bid for the Auckland-based fruit and vegetable company.
The Serious Fraud Office (SFO) has laid charges following its investigation into South Canterbury Finance.
The Reserve Bank has proposed that new legislation be put in place to protect investors in covered bonds in the event of a bank being placed in statutory management.
Ratings agency Standard and Poor's decision to downgrade the big four Australian trading banks and their New Zealand subsidiaries should not have a big impact on the banks' funding costs, Massey University Centre for Banking Studies senior lecturer David Tripe said.
New Zealand trade will grow substantially and at a quicker rate than world trade in the medium to long term, according international trading bank HSBC.
Tower Group's share price has been rallying sharply as speculation mounts over what majority owner, Guinness Peat Group, will do with its 35 per cent stake in the insurance and financial services group.
Listed takeover target Comvita said it was on track to meet its full year earnings forecasts after reporting a $2.2 million net profit for the six months to September 30.
Shares in online trading platform Trade Me have been priced at the top end of a $2.30 to $2.70 indicative range, reflecting intense retail interest in the stock, financial market sources said.
The Bank of New Zealand withstood tough local trading conditions and a fragile global economy to report a 16.8 per cent increase in its cash earnings to $612 million in the September 2010/11 year .
Telecom looks set to put years of regulatory uncertainty behind it after shareholders voted overwhelmingly in favour today of splitting New Zealand's biggest listed company into two separate businesses.
The share offer for retirement village operator Summerset Group has attracted strong institutional and retail support, with bids received across an indicative $1.40 to $1.60 a range, a source familiar with the issue said.
Uncertainty on world financial markets has forced Energy Mad, the maker of energy-efficient lightbulbs, to extend the closing date of its initial public offer (IPO) to October 12.
Volatility on world financial markets has so far failed to derail plans for four new share issues destined to hit the market before Christmas, but it may prove a factor when it comes to pricing them, market sources said.
Summerset Group, which is widely expected to list on the NZX later this year, has received Overseas Investment Office approval for the purchase of the former Gracefield Living retirement village in Nelson.
Overseas visitors to New Zealand for the Rugby World Cup could generate $782.5 million for the local economy, according to research commissioned by MasterCard.
Receivers for Pike River Coal will get $80 million from the company's insurers.
