Broker recommends offloading Xero shares
Broker Craigs Investment Partners has slapped a sell recommendation on Xero shares after initiating research of the online accounting software firm.
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Craft beer bonanza tipped for kiwi brewers
NZ could become a "superpower" of the global craft beer market, with demand for Kiwi brews expected to triple, according to research by ANZ.
Meridian raises dividend
Meridian Energy has fattened its dividend and is hinting of a possible return of capital next year after beating prospectus forecasts in its first annual result.
Tale of two tech firms
It was a tale of two technology companies yesterday as Eroad stock soared following the firm's NZX debut.
Stock Takes: Winner and losers
Broker Craigs Investment Partners has given its picks on some of the possible highlights and lowlights of this month's earnings season.
Sam Morgan builds 5pc stake in Wynyard Group
Sam Morgan, who made his fortune when Trade Me was sold to Fairfax, has built a substantial shareholding in security software developer Wynyard Group.
Nuplex lifts profit as resin margins fatten
Nuplex Industries has posted full-year profit growth of 18 percent as the chemicals manufacturer fattened its margin on coating resins in Asia and Europe.
Inside Money: Financial education at work - how to park your money
As David Chaplin writes, financial literacy - a major theme of the recent Workplace Savings NZ conference - is tough going.
Longburn inland port venture announced
Ports of Auckland, Napier Port and Icepak have formed a joint venture to develop a $20m freight hub near Palmerston North.
SkyCity profits slump 8 per cent
SkyCity Entertainment Group profits have taken a big dive, its normalised net profit for the June 30 2014 year down 8.1 per cent to $123.1 million.
Vista shares gain on debut
Shares in software developer Vista Group opened up 2.1 per cent following the company's stock exchange debut this morning and have continued to rise.
Brian Gaynor: Kiwi companies getting it wrong with IPOs
The sharemarket performance of recent IPOs, in New Zealand and overseas, has been extremely disappointing.
Stock Takes: A tough move onto the NZX
Gentrack - whose shares closed at $2.25 last night, 6.25 per cent below the $2.40 issue price - had been viewed as one of the more dependable technology IPOs this year.
FMA weighs in on sharemarket blunder
The FMA has contacted the NZX over a blunder that resulted in investors selling shares in Lyttelton Port when they were unaware of a higher takeover price.
Gentrack 'deeply regrets' downgrade
Gentrack Group says it "deeply regrets" cutting its guidance so soon after going public, which resulted from a project delay and a payment dispute at two large utility customers.
Brad Katsuyama: 'Flash Boys' and the speed of lies about my firm
Katsuyama has done his best to resist responding publicly to misinformation about his company. But in recent weeks, the misinformation campaign has hit a new high (or low).
Trust investors query pay system
Investors in $2 billion landlord Goodman Property Trust yesterday questioned its Australian-headquartered manager Goodman Group being paid its annual management fee in units instead of cash.
Blunder costs shareholders
NZX is reviewing its processes after a blunder resulted in some investors trading shares in Lyttelton Port when they were unaware of a higher takeover price.
Gentrack remains tight-lipped over profit warning
Gentrack Group is refusing to answer questions after a shock profit downgrade hammered its shares on Friday.
Xero leads drop as shares join global sell-off
New Zealand shares fell, led by Xero, A2 Milk Co and Pacific Edge, joining a global sell-off as geopolitical risk spooked investors.
Refinery outages push oil price lower
Oil prices in New York have tumbled to their lowest level since mid-March helped by unplanned refinery shutdowns in the US midwest.