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

287 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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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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Turners Automotive (NZX:TRA) declares Q1 FY23 dividend

Turners Automotive (NZX:TRA) declares Q1 FY23 dividend

  • October 04, 2022 03:43 PM NZDT | Manika

Turners declares a dividend of 5 cps for 1QFY23 The record date for the dividend is 12 October In FY22, the company rewarded its shareholders with a dividend of 23 cps

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The A2 Milk Company (NZX: ATM) renews pact with China State Farm; shares up

The A2 Milk Company (NZX: ATM) renews pact with China State Farm; shares up

  • October 03, 2022 04:17 PM NZDT | Manika

The A2 Milk Company renewed its import and distribution pact with China State Farm Agribusiness Holding Shanghai Co This agreement has been extended for five years, w.e.f. 1 October CEO of ATM said that the agreement was critical to strengthening its busi

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Why is Geo (NZX:GEO) in news these days?

Why is Geo (NZX:GEO) in news these days?

  • October 01, 2022 05:54 AM NZDT | Manika

GEO reported an increase in loss in FY22 The company is focused on improving its products and development capabilities The revenue also dropped 11.2%, according to the annual report

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