Capital raising Stories - Page 32

Kiwi Stories

Capital raising stories

Auditor-General's PGP report 'too polite' says Labour's O'Connor

The Auditor-General's review of the government's $680 million primary growth partnership has come under scrutiny from the select committee which commi.

By Pattrick Smellie • 3 min read • Thu, 12th Mar 2015

Government

Callaghan quizzed by MPs over 'failures,' grants to foreign companies

Callaghan Innovation, the government backed innovation hub, faced questions this week from opposition MPs about why it had funded companies that subse.

By Pattrick Smellie • 4 min read • Thu, 12th Mar 2015

Serko

Serko says full-year revenue to miss forecast, warns on 2016 sales

Serko, the online online travel booking business, warned annual revenue will miss its prospectus forecast by up to 6 percent as some billable services.

By Pattrick Smellie • 2 min read • Mon, 9th Mar 2015

Supply Chain

Wellington Drive widens annual loss, NZX's SuperLife underwrites $3m share issue

Wellington Drive Technologies, the unprofitable manufacturer of energy efficient motors, widened its annual loss as sales dropped 35 percent.

By Pattrick Smellie • 2 min read • Mon, 2nd Mar 2015

SkyCity's big spending plans may not deliver enough to earnings, investors say

SkyCity Entertainment Group, which has earmarked $800 million to expand and upgrade its Auckland and Adelaide businesses by 2020, has yet to convin.

By Pattrick Smellie • 3 min read • Wed, 11th Feb 2015

Partner Programmes

Local Government NZ suggests new taxes, central govt support could bridge spending gap

New Zealand's 78 local government organisations could close the gap between spending and revenue with new taxes or a share of existing central gove.

By Pattrick Smellie • 3 min read • Mon, 2nd Feb 2015

Risk & Compliance

VMob hastens to squash rumours of insider trading

VMob Group has released a statement acknowledging the market speculation regarding certain VMob directors and insider trading.

By Catherine Knowles • 3 min read • Mon, 2nd Feb 2015

Government

Auckland convention centre cost jumps by a fifth

SkyCity Entertainment Group, the casino and hotel operator, is in talks with the government on how to fund the increased cost of as much as $130 mi.

By Pattrick Smellie • 2 min read • Fri, 19th Dec 2014

Unified Communications

UPDATE: Chorus shares jump after regulator lifts access pricing

Shares of Chorus, the regulated telecommunications network operator, jumped as much as 17 percent after the Commerce Commission lifted the prices i.

By Pattrick Smellie • 4 min read • Tue, 2nd Dec 2014

Supply Chain

Scales says full-year earnings may exceed prospectus, to pay 3 cent interim dividend

Scales Corp, the fruit and vegetable logistics company, will pay a 3 cent per share interim dividend and says annual earnings may beat guidance in.

By Pattrick Smellie • 2 min read • Mon, 24th Nov 2014

Serko

Serko widens 1H loss, boosts sales and staff

Serko, the online travel booking business, widened its first-half loss in line with its May prospectus as it hired more staff to chase sales growth.

By Pattrick Smellie • 3 min read • Thu, 20th Nov 2014

PledgeMe

Armillary, Crowdcube granted crowd funding licence by FMA

The Financial Markets Authority has licensed Armillary Capital's equity crowd funding platform, Crowdcube, adding competition to the new capital ra.

By Pattrick Smellie • 3 min read • Tue, 18th Nov 2014

Payment Technologies

'NXT' year for NZX's new growth market

NXT, NZX's new growth focused market, is unlikely to launch this year, as companies wait for new legislation to come into effect and the quiet Chri.

By Pattrick Smellie • 3 min read • Wed, 12th Nov 2014

NZX trading volumes rise in October, boosted by smaller value trades

The volume of trades on the New Zealand stock exchange increased in October, boosted by a rise in lower value equity transactions and more trading.

By Pattrick Smellie • 2 min read • Wed, 5th Nov 2014

Global Stories

Capital raising stories

Earthquake Commission

UPDATE: Stalled EQC policy review leaves global reinsurers uncertain over NZ market

The government review of the Earthquake Commission's funding and policy structures is leaving global reinsurers uncertain as they try to assess the.

By Pattrick Smellie • 4 min read • Wed, 4th Feb 2015

Surveillance

Martin Jetpack reviews ASX listing as Chinese investor commits A$50M

New Zealand jetpack maker, Martin Aircraft Co, has secured more than twice the $25 million funding it has been seeking in a proposed initial public.

By Pattrick Smellie • 3 min read • Fri, 19th Dec 2014

Risk & Compliance

Whey protein inquiry calls for tighter rules after missteps lead to botulism scare

Stage two of a government inquiry into Fonterra Cooperative Group's whey protein contamination scare has recommended the Ministry for Primary Indus.

By Pattrick Smellie • 3 min read • Tue, 9th Dec 2014

Power / Energy

NZ Super Fund invests US$60 million in LanzaTech, taking 17% stake

The New Zealand Superannuation Fund has invested US$60 million in LanzaTech, taking a 17 percent stake, in what may be the gas fermentation company.

By Pattrick Smellie • 4 min read • Tue, 9th Dec 2014

Fintech

Xero widens first-half loss, concedes US did not execute to plan

Xero, the cloud-based accounting software firm, widened its first-half loss after spending more on staff and marketing.