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Pike River Coal Limited

Pike River details capital raising, more production delays

Pike River details capital raising, more production delays
Wellington, April 20 NZPA - Pike River Coal has released details of plans to raise around $90 million to refinance an existing bond facility and continue developing its underground premium coking coal mine on the West Coast, where production has fallen behind schedule.

Pike River details of $50m equity raising

Pike River details of $50m equity raising
Wellington, April 20 NZPA - Pike River Coal has released details of previously announced plans to raise $50 million, with the company intending a $10m placement of shares and an underwritten $40m renounceable rights issue to shareholders and optionholders.

NZ sharemarket turns lower after Telecom lowers guidance

NZ sharemarket turns lower after Telecom lowers guidance
Wellington, April 15 NZPA - The New Zealand sharemarket pushed ahead to its highest level in 19 months in early trading before turning lower after Telecom cut its earnings guidance for the 2011 to 2013 financial years.

NZ sharemarket closes higher, Nuplex falls

NZ sharemarket closes higher, Nuplex falls
Wellington, April 14 NZPA - The New Zealand sharemarket closed higher today, reflecting buoyant global equity markets, but Nuplex shares closed down as coverage of a court action against it alleging a breach of continuous disclosure continued.

Nuplex shares fall 3pct after news of court action

Nuplex shares fall 3pct after news of court action
Wellington, April 14 NZPA - Shares in industrial resins and specialties group Nuplex Industries were down 3.2 percent in early trading, following yesterday's announcement the Securities Commission is filing civil proceedings against the company and six current and former directors.

Lacklustre NZ market slinks lower

Lacklustre NZ market slinks lower
Wellington, April 13 NZPA - The New Zealand sharemarket eased to an unimpressive close today, failing to find inspiration in a key milestone achieved in the United States.

NZ sharemarket slips as US, Australia hit milestones

NZ sharemarket slips as US, Australia hit milestones
Wellington, April 13 NZPA - The achievement of key milestones by stock markets in the United States and Australia failed to spark an early rise on the sharemarket in this country.

NZ sharemarket starts week with a flat performance

NZ sharemarket starts week with a flat performance
Wellington, April 12 NZPA - The New Zealand sharemarket was little changed today even though Wall Street had a strong finish on Friday. Risk appetite dissipated on markets after eurozone nations agreed on Sunday to offer loans to Greece if it asked for the money.

NZ sharemarket little changed, lines in selected stocks

NZ sharemarket little changed, lines in selected stocks
Wellington, April 9 NZPA - The New Zealand sharemarket ended little changed today but selected stocks continued to advance and brokers noted lines of stock trading in Michael Hill and Pyne Gould Corp.

NZ sharemarket edges up early

NZ sharemarket edges up early
Wellington, April 9 NZPA - The New Zealand sharemarket edged ahead in early trading with Pike River Coal advancing again, to a five-month high.

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