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Xero share soar on 'war chest' sale
NZ tech darling Xero has raised $180m in new capital - but it's not planning new acquisitions. It's "more about building a war chest" says founder Rod Drury.
NZX warned prices being led by ASX with more dual-lists
An academic says New Zealand's local stock exchange needs to step up its game.
Withers defends MRP buyback
Mighty River Power's $50 million share buyback is more about the company's strong balance sheet than politics, says chair Joan Withers.
Mighty River shares up on buyback news
Shares in Mighty River Power gained 5c today after the company announced that it would buy back up to $50 million of its shares - 6 months after it was listed.
Mighty River's $50m share buyback
The newly floated state owned power company Mighty River has announced a $50m share buyback plan - less than six months after it was partially privatised.
No reply as Abano tells Hutson to name price
A call by Abano Healthcare for former director Peter Hutson to come up with a price for his half of their jointly owned audiology business has failed to illicit a public response.
Pressure on Apple to boost share price
Activist investor Carl Icahn is pressuring Apple to spend $150b buying back its own shares.
Bernanke boosts markets
The New Zealand sharemarket rallied by more than 1 per cent yesterday after US Federal Reserve chairman Ben Bernanke said he would maintain the country's stimulus programme.
Meridian listing due next month
The Government's decision to move earlier than signalled on the Meridian Energy float shows there is positive interest in the float but pricing will remain key
Big NZX property floats tipped
Investment specialists said yesterday the deals could involve business people with a long and stable track record in development activity with strong entrepreneurial drive.
Shareholder body to vote against Rakon chair
The Shareholders Association will next month vote against the reappointment of Rakon chairman Bryan Mogridge and director Darren Robinson...
Mighty River shares up as profit rises
Mighty River shares are up nearly 2 per cent this morning after a good profit announcement.
NZOG sees need to find new fields
New Zealand Oil & Gas says it should have been developing new oil fields by now as reserves at its producing assets dwindle.
Mighty River shares slump to new low
Shares in Mighty River Power traded at $2.18 this morning, their lowest point since listing on May 10.