Company Overview and News

 
Shares gain as Ryman posts record profit

2018-05-18 nzherald.co.nz
New Zealand shares rose as Goodman Property Trust's joint venture with GIC sold seven buildings in downtown Auckland, and as Ryman Healthcare chalked up another record profit. A2 Milk Co and Comvita fell.

 
Fletcher Building to announce new Auckland house-building factory next month

2018-05-18 nzherald.co.nz
House construction giant Fletcher Building will announce further details of a new high-tech fast house-building Auckland panelisation factory next month.

 
Stock Takes: A2 fall shows NZ's frailty

2018-05-17 nzherald.co.nz
A2 Milk's plunge on Wednesday shows just how exposed the New Zealand market can be to one stock.

 
Time to reconvene Capital Markets Taskforce?

2018-05-16 nzherald.co.nz
It's time to reconvene the Capital Markets Taskforce and have a clear look at whether more state assets can be primed for partial privatisation through the mixed-ownership model (MOM) and beef up liquidity at the NZX.

 
A2 tumbles, dragging down stock index

2018-05-16 nzherald.co.nz
New Zealand shares fell as A2 Milk Co disappointed investors with a market update, dragging down partner Synlait Milk.

 
Fletcher Building cuts deal with bankers

2018-05-15 radionz.co.nz
Fletcher Building has cut a new deal with its bankers, which will see it pay more for its lending and put the proceeds of asset sales immediately to paying back debt.

 
Fletcher completes $750M equity raising with sale of shares under retail shortfall bookbuild

2018-05-15 nzherald.co.nz
Fletcher Building has reached its $750 million equity raising target after selling 20.2 million shares under its retail shortfall bookbuild, at a premium price to the entitlement offer but a discount to the trading price of the shares.

 
$53m radio pay day for Lachlan Murdoch

2018-05-15 theage.com.au
And here we were all thinking that the heir apparent, Lachlan Keith Murdoch, was reliant on daddy Rupert Murdoch to earn a crust.

 
$53m radio pay day for Lachlan Murdoch

2018-05-15 smh.com.au
And here we were all thinking that the heir apparent, Lachlan Keith Murdoch, was reliant on daddy Rupert Murdoch to earn a crust.

 
Fletcher Building raises $132 million in retail entitlement offer

2018-05-15 nzherald.co.nz
Fletcher Building said it completed the retail component of its one-for-4.46 pro-rata entitlement offer, raising about $132 million and leaving a shortfall of about $97m to be made up from the retail shortfall bookbuild.

 
MARKET WRAP: MSCI index reshuffle - the winners and losers

2018-05-15 nbr.co.nz
An MSCI index reshuffle sent shares for Fletcher Building soaring after it survived, but Mercury Energy shares fell as it was culled from the index.

 
Shares dip from record; Air NZ and Mercury fall

2018-05-15 nzherald.co.nz
New Zealand shares dipped from a record high, with Air New Zealand and Mercury New Zealand falling while Synlait Milk and Fletcher Building gained.

 
A2 to join MSCI main stock index as Mercury drops off

2018-05-14 nzherald.co.nz
A review of global stock indices by MSCI will, as expected, add A2 Milk to the international investment advisor's main global index, with Mercury New Zealand to be removed.

 
Fletcher gains as stock stays in MSCI main index

2018-05-14 nzherald.co.nz
A review of global stock indices by MSCI has seen Fletcher Building shares gain after news the stock will remain on the international investment adviser's main global index, with A2 Milk rising on its planned entry and Mercury New Zealand dipping due to its planned removal.

 
New Zealand shares rise ahead of index review

2018-05-14 nzherald.co.nz
New Zealand shares rose ahead of the MSCI rebalancing tomorrow, with possible addition A2 Milk leading gains while Fletcher Building and Mercury New Zealand, rumoured to be leaving, dropped.

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