Stock Market

Fonterra (NZX:FCG) to sell its Brazil JV for NZ$210 million

  • December 13, 2022 03:52 PM NZDT | Manika
 Fonterra (NZX:FCG) to sell its Brazil JV for NZ$210 million

Fonterra to sell its Brazil business to French company Lactalis The sale is part of Fonterra’s divestment strategy In an email to farmers, Fonterra CEO Miles Hurrell said that the company planned to focus on New Zealand’s milk pool

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Briscoes (NZX:BGP) posts sales growth of 27% in Q3FY22

Briscoes (NZX:BGP) posts sales growth of 27% in Q3FY22

  • November 04, 2022 03:59 PM NZDT | Manika

The Briscoe Group reported sales growth of 27% in Q3FY22. Third-quarter sales grew around 27% despite several headwinds. Homeware and sporting sales growth took the overall lead in sales.

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a2 Milk Company (NZX:ATM) gets FDA nod to supply infant milk formula in US

a2 Milk Company (NZX:ATM) gets FDA nod to supply infant milk formula in US

  • November 03, 2022 03:49 PM NZDT | Manika

A2 Milk company gets FDA approval to sell its infant milk formula in the United States. This decision has come after the FDA once deferred its entry in August. ATM shares jumped almost 8% today (3 November).

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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 earl ...

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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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