Company Overview and News

 
Fran O'Sullivan: Now's time to sell our assets to fund infrastructure gap

2018-08-14 nzherald.co.nz
Let's cut to the chase. It's time to sell a raft of Crown-owned assets like national grid operator Transpower, NZ Post, Pāmu (formerly Landcorp), and more, to reinvest proceeds in developing New Zealand's next generation infrastructure.
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NZ shares bounce back led by Synlait Milk

2018-08-14 nzherald.co.nz
New Zealand shares bounced back from some of yesterday's sell-off as investors are yet to see serious contagion from Turkey's burgeoning financial crisis, led higher by Synlait Milk and A2 Milk Co. Summerset Group Holdings fell after reporting first-half earnings.
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Deals of the day-Mergers and acquisitions

2018-08-06 reuters
Aug 6 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Monday:
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PGG Wrightson to sell seeds unit for $439M to Danish co-op

2018-08-06 nzherald.co.nz - 1
PGG Wrightson has agreed to sell its seed and grain business to Danish cooperative DLF Seeds for $421 million in cash and $18 of debt repayment, and signalled it may return up to $292 million to its shareholders.
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MARKET WRAP: NZ shares rise as PGG Wrightson slumps

2018-07-25 nbr.co.nz - 1
The S&P NZX 50 index was up 32.57 points to 8,933.89, on turnover of $127 million.
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MARKET WRAP: NZ shares flat on mixed trading

2018-07-17 nbr.co.nz
Hamilton Hindin Greene investment adviser Grant Davies says Steel & Tube was “probably due” a good trading day.
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Buy-out talk for PGG Wrightson

2018-07-10 nzherald.co.nz - 2
PGG Wrightson says it has no comment on Australian media reporting that ASX-listed agribusiness company Elders is looking to buy it for $600 million.
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Elders: no ‘definitive proposal’ on PGG Wrightson

2018-07-10 nbr.co.nz
ASX-listed rural services company Elders has responded to speculation it is poised to bid for its NZX-listed counterpart PGG Wrightson, saying it has not made any takeover proposal.
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MARKET WRAP: NZ shares fall despite upbeat updates from Michael Hill, Summerset

2018-07-10 nbr.co.nz
New Zealand shares fell today despite overseas gains, as local investors didn’t buy the news from Michael Hill and Summerset.
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NZ shares drop, led lower by Trustpower

2018-07-10 nzherald.co.nz
New Zealand shares dropped, led lower by Trustpower and New Zealand Refining Co, while Sky Network Television rebounded from yesterday's selloff.
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Global seed group confirms PGG Wrightson interest

2018-07-04 nbr.co.nz
Credit card details are required to authenticate your account. You won't be charged until your trial has ended. Cancel anytime.
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IHC ditches calf sale fundraising scheme amid Mycoplasma bovis fears

2018-07-04 nzherald.co.nz
IHC Calf and Rural Scheme has been cancelled for the first time in 33 years due to the risk of spreading the Mycoplasma bovis disease. The long-standing fundraising programme generates more than $1 million annually for people with intellectual disabilities. IHC national manager fundraising Greg Millar said IHC would not be picking up calves or organising calf sales this year. Millar said despite significant improvements in systems, the risk remained too high.
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Daniel Kieser: Investors need to seriously chew over synthetic food

2018-06-25 nzherald.co.nz
In the past few decades, we've seen social media disrupt the news industry, electric technology disrupt the automotive industry and online market places disrupt the retail industry.
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Shares fall as investors weight up Fletcher rights issue

2018-04-17 nzherald.co.nz
New Zealand shares fell as investors weighed up the impact of Fletcher Building's deeply discounted rights issue soaking up demand from the broader market. Auckland International Airport and exporters A2 Milk Co and Comvita dropped.
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Farmers facing toxic swede harvest

2018-04-16 nzherald.co.nz - 1
Southland and Otago farmers left with crops of potentially toxic swede are working on ways of mitigating the possible issues of using the crop to feed animals in winter.
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