Guide2.co.nz - Stock Market Markets Feed

Formica buys remaining 50 percent of Homapal

Tue, 31 Jan 2012 09:32:14 +1300

Auckland, 31 January, 2012 - Fletcher Building Limited announces that its Formica business has reached agreement to acquire all of the shares in Homapal Plattenwerk ("Homapal"), a manufacturer and distributor of metal and specialty laminates, for ?30 million (NZ$48 million).

LanzaTech raises $55.8 million

Tue, 24 Jan 2012 06:38:27 +1300

Illinois, USA - LanzaTech, a producer of low-carbon fuels and chemicals from waste gases, has closed its Series C round with new investment totaling US $55.8 million led by the Malaysian Life Sciences Capital Fund.

Volatility creating long-term opportunities

Mon, 19 Dec 2011 09:02:56 +1300

Short-termism has driven markets at the expense of long term investment thinking during a markedly volatile 2011.

Fonterra raises 2012 payout forecast 20c

Tue, 13 Dec 2011 11:08:08 +1300

Fonterra announced today an increased payout forecast range for the 2012 Season of $6.90-$7.00 for a fully shared up farmer, up 20 cents on the previous forecast.

Comvita independent directors expect offer to Lapse

Tue, 06 Dec 2011 13:36:26 +1300

Comvita Independent Directors note Cerebos New Zealand's statement this morning that it will not lift its offer for the company above the current bid price of $2.50 per share.

Cerebos lets Comvita offer lapse

Tue, 06 Dec 2011 08:38:44 +1300

Cerebos New Zealand Limited ("Cerebos") will not be increasing its offer price under its full takeover offer dated 8 November 2011 (the "Offer") for all of the equity securities in Comvita Limited ("Comvita").

Rangatira produces solid results

Wed, 30 Nov 2011 12:26:06 +1300

Wellington investment company Rangatira today announced its interim result for the six months to 30 September 2011. In what the company termed a challenging and volatile market, Operating Earnings were $4.4 million, 2% ahead of the same period last year.

Emerging market growth begins to stall

Mon, 28 Nov 2011 11:43:59 +1300

Emerging market growth slowed to its weakest level in nine quarters in the third quarter of 2011, reflecting the continued decline in world trade volumes, the HSBC Emerging Markets Index (EMI) shows.

Equity specialist issues report on Trade Me

Tue, 22 Nov 2011 08:37:12 +1300

Wellington - Equity research specialist Woodward Research today issued a report on Trade Me, the dominant online auction and classified advertising company in New Zealand owned by Fairfax Media (ASX:FXJ).

Comvita announces strong first half result

Tue, 15 Nov 2011 11:00:15 +1300

Global natural health and beauty products company Comvita today announces normalised(2) Net Profit After Tax (NPAT) for the six months to September 2011 rose to $2.6 million from $392,000 in the same period last year.