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Shareholders approve SmartPay capital raising

SmartPay (NZX: SPY), a leading provider of payments and transactional solutions in New Zealand and Australia, is pleased to advise that the resolution proposed at the SmartPay Holdings Limited Special Meeting of Shareholders held on 28 June 2012 was passed by the shareholders.

Veritas receives outstanding response to rights issue

NZX-listed shell company Veritas Investments Limited ("Veritas") announced today the very successful outcome of its 2 for 1 rights offer that closed last week. In a very strong show of support, 83% of rights were exercised, raising around $700,000 of new share capital for Veritas.

Glass Earth Gold posts Q1 results

Glass Earth Gold Limited (TSXV-GEL; NZAX-GEL) ("Glass Earth" or the "Company") announced today that it has filed its March 31, 2012 first quarter Financial Statements and associated Management's Discussion and Analysis ("MD&A") report pertaining to that period with regulatory authorities.

Ecoya in to trading profit

Ecoya Limited (NZX:ECO) the company that operates the Trilogy Skincare and Ecoya Fragrance Brands today announces its audited full year result to 31 March 2012.

Smartpay announces full-year results

SmartPay (NZX: SPY), a leading provider of payments and transactional solutions in New Zealand and Australia, today announced its financial results for the year ended 31 March 2012 together with the announcement that it has substantially completed a positive recapitalisation and restructure of th

Comvita announces share buyback

Global natural health and beauty products company Comvita plans to acquire on market up to 200,000 of its ordinary shares.

Vocus acquires Maxnet

Vocus Communications Limited (ASX: VOC) today announced it has entered into a binding agreement to acquire Maxnet Limited, a leading New Zealand based Data Centre operator and Cloud provider.

Rotorua's economic performance stellar - report

Rotorua mayor Kevin Winters says the 2011 Regional Rankings report by BERL (Business & Economic Research Ltd) show a number of encouraging economic indicators for Rotorua, and give reason for some real optimism for the future.

Bullion market remains strong

As the financial year closes, New Zealand Mint's Mike O'Kane tracks gold's progress Despite new confidence about improving global economies, gold remains popular across the three major markets. US market

A2 seeks strategy review

A2 Corporation Limited (NZAX:ATM) ("A2C", "the Company") announces today that it is undertaking a strategic review of its options to accelerate growth and maximise shareholder value.

Makko Facebook IPO advice offer illegal - FMA

The Financial Markets Authority is warning the public of an illegal offer by Makko Securities and its Senior Account Manager, Roy Lochen, to provide broking services in relation to the proposed Initial Public Offering of Facebook and other securities.

Air New Zealand reports profit drop

Air New Zealand today announced normalised earnings* before taxation of $33 million for the six month period ended 31 December 2011, a 71% decline on the same period last year. Net profit after taxation was $38 million.

Pastoral Dairy Investments to float

Pastoral Dairy Investments (PDI), a specialist investment fund led by senior New Zealand dairy industry and investment figures, has today launched an initial public share offering, reported this morning.

Trade Me hits prospectus forecast

Online marketplace and classified advertising business Trade Me Group Ltd released its interim financial results for the six months to 31 December 2011 this morning.

Fletcher Building posts half-year earnings fall

Auckland, 22 February 2012 - Fletcher Building today announced its unaudited interim results for the six months ended 31 December 2011. The group recorded net earnings after tax of $144 million, compared with $166 million in the prior corresponding period.

Formica buys remaining 50 percent of Homapal

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

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

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

Fonterra raises 2012 payout forecast 20c

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

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

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

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

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

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

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.

Fonterra voter interest concerns shareholder group

With only a few days until voting closes in Fonterra's Director and Council Elections Shareholders' Council Chair, Simon Couper encourages shareholders to exercise their rights as owners of the Co-operative and vote.

BNZ reports a strong result in a tough market

Bank of New Zealand (BNZ) has today reported cash earnings for its New Zealand banking operations* for the year ended 30 September 2011 of $612 million. This is an increase of $88 million or 16.8% compared to the 2010 financial year.

RBNZ can learn from the Swiss

RBNZ can learn from the Swiss
The Reserve Bank of New Zealand (RBNZ) should take the Swiss National Bank's lead at the Official Cash Rate announcement on Thursday and take action on the exchange rate say the New Zealand Manufacturers and Exporters Association (NZMEA).

Market eyes RBNZ policy statement

The focus turns to domestic developments this week with the main event being Thursday's RBNZ Monetary Policy Statement. We also get a raft of domestic data, some rescheduled from last week, which will give us a better steer on how Q2 GDP fared.

Europeans slump on debt fears

Markets: European equities slump heavily on growth & debt concerns, US equity futures down 2%, commodities generally weaker (gold the exception) and commodity currencies weaker, Euro hits 1-mth low against the Dollar.

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