Air NZ capital raise details tonight

Air NZ capital raise details tonight
Air NZ's Greg Foran (CEO) and Therese Walsh (chair) will detail the Air NZ capital raise this evening. (Image: BusinessDesk)
Staff reporters
NZX halted trading in Air New Zealand shares at 4pm at the request of the company.NZX's regulatory arm, NZ RegCo, said the trading halt comes ahead of the release of a material announcement about Air NZ's recapitalisation plans.An Air NZ press statement gave details for a press conference at 6.30pm.It said the halt will remain in place until the market opens on Thursday at 10am.Air NZ shares also trade on ASX, which said the halt will remain until the earlier of either the commencement of trading on Thursday or Air NZ's announcement...

More Finance

Wisdom from Milford’s ‘oldest’ fund manager
Finance

Wisdom from Milford’s ‘oldest’ fund manager

Stephen Johnston has been watching markets since 1997.

Gregor Thompson 09 Jan 2025
RBNZ issues first non-bank deposit-taker licence in nearly a decade
Finance

RBNZ issues first non-bank deposit-taker licence in nearly a decade

The Reserve Bank of New Zealand has issued a non-bank deposit taker licence to newly formed finance company Welcome.The last time the central bank issued a license was in 2017 to Christian Savings, which was previously licensed as Christian Savings Incorporated, according to the...

Staff reporters 08 Jan 2025
How tax rules discourage wealthy investor migrants
Finance

How tax rules discourage wealthy investor migrants

Covid refugees facing a four-year time limit on tax status are forcing the issue.

Pattrick Smellie 06 Jan 2025
M&A outlook: get set for big ticket IPOs
Finance

M&A outlook: get set for big ticket IPOs

Experts are picking a surge in mergers and acquisitions activity for 2025.