Stock Market

My Food Bag (NZX:MFB) shares drop 16% on 1HFY23 results

  • November 18, 2022 05:39 PM NZDT | Manika
 My Food Bag (NZX:MFB) shares drop 16% on 1HFY23 results

My Food Bag reported lower results for 1HFY23 compared to IHFY22. It reported a drop in revenue by NZ$4 million over the previous corresponding period (PCP). According to MFB, net profit after tax was also lower by almost NZ$3.5 million over the PCP.

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Sixth Street, BGH to buy Pushpay (NZX:PPH) for NZ$1.53B

Sixth Street, BGH to buy Pushpay (NZX:PPH) for NZ$1.53B

  • October 31, 2022 05:35 PM NZDT | Manika

Sixth Street and BGH Capital offer to buy all of Pushpay’s shares for NZ$1.34 a share. As per the company, this deal is likely to bring value to the shareholders. Pushpay had started receiving expressions of interest to acquire it as early as April 2022.

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Downer EDI (NZX: DOW) lands NZ$490M road contract in Victoria

Downer EDI (NZX: DOW) lands NZ$490M road contract in Victoria

  • October 28, 2022 04:42 PM NZDT | Manika

Downer gets a NZ$490 million contract The contract is for road maintenance in Victoria It is a government contract that begins in February of next year

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Heartland Group (NZX:HGH) inks deal to buy Australia’s Challenger Bank

Heartland Group (NZX:HGH) inks deal to buy Australia’s Challenger Bank

  • October 23, 2022 05:52 AM NZDT | Manika

Heartland signs an agreement to acquire Melbourne-based Challenger Bank This would give HGH an opportunity to expand in Australia HGH plans to fund the acquisition through its existing resources

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Auckland Airport (NZX: AIA) revises its FY23 profit guidance

Auckland Airport (NZX: AIA) revises its FY23 profit guidance

  • October 20, 2022 03:30 PM NZDT | Manika

uckland Airport revises its FY23 outlook Says its underlying profit after tax is estimated to be between NZ$100 million and NZ$130 million The profit upgrade is on account of a surge in travel demand after the borders opened

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Air NZ (NZX:AIR) announces retail bond offer of NZ$75 million

Air NZ (NZX:AIR) announces retail bond offer of NZ$75 million

  • October 17, 2022 02:59 PM NZDT | Manika

Air New Zealand makes a rights offer of fixed-rate bonds The offer opens today and closes on 20 October The current bonds quoted on the NZX Debt market will mature on 28 October

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Spark NZ (NZX: SPK) completes 70% sale of TowerCo to Ontario Teachers’

Spark NZ (NZX: SPK) completes 70% sale of TowerCo to Ontario Teachers’

  • October 14, 2022 04:03 PM NZDT | Manika

Spark NZ completes a 70% sale of TowerCo to the Canadian company The sale has been completed after the Overseas Investment Office gave a nod Total sales proceeds from the deal are pegged at NZ$900 million

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Tourism Holdings  (NZX: THL) upgrades FY23 profit guidance

Tourism Holdings (NZX: THL) upgrades FY23 profit guidance

  • October 12, 2022 03:43 PM NZDT | Manika

THL upgraded its profit guidance for FY23 It said its profit is expected to be above NZ$30 million The company said the improved outlook was on the back of Q1 performance

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PaySauce (NZX: PYS) reports rise in Q2 YoY recurring revenue

PaySauce (NZX: PYS) reports rise in Q2 YoY recurring revenue

  • October 11, 2022 04:01 PM NZDT | Manika

PaySauce announces its Q2 FY23 update The company reports a recurring revenue of NZ$1.3 million, up 74% YoY PYS confirms that it has become a market leader in the dairy industry

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Accordant Group (NZX:AGL) launches Restricted Shares Scheme for senior management

Accordant Group (NZX:AGL) launches Restricted Shares Scheme for senior management

  • October 10, 2022 05:55 PM NZDT | Manika

AGL announced its 2022 Restricted Shares Scheme The scheme was started to incentivise senior management Under the scheme, AGL employees receive restricted shares in the company

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Why is Rua Bioscience’s (NZX:RUA) share rising today?

Why is Rua Bioscience’s (NZX:RUA) share rising today?

  • October 07, 2022 03:22 PM NZDT | Manika

RUA makes headway with the Trans-Tasman medicinal cannabis partnership The company exported its first seeds to Australia The seeds will be grown by Cann Group

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