Australian fund manager Macquarie will purchase AMP Capital’s Global Equities and Fixed Income division, which includes AMP Capital NZ. Macquarie will pay up to A$110 million in cash and a cash earn
By Rebecca Howard May 23 (BusinessDesk) - Macquarie Group lifted its 12-month target price on Fisher & Paykel Healthcare by 7.3 percent and kept its 'outperform' rating after the company's full-year
The Bankers Investment Trust aims over the long term to achieve capital growth in excess of the FTSE World Index and annual dividend growth greater than inflation, as defined by the UK Retail Prices I
As foreshadowed for a couple of months, Ryman Healthcare shares will fall out of the MSCI Standard Index after May 31. Forsyth Barr estimates that will mean about $232.3m worth of shares will be sold.
Spark is cutting its upper management headcount by five as part of its ongoing restructuring efforts. BusinessDesk has reviewed documents from an internal presentation given to staff on Jan 30, 2025..
The lawyer acting for SkyCity Entertainment says the Macquarie-owned entity set up to buy its car parks is "double dipping" as the two remain in a legal battle over the failed agreement. Now that disa
Infratil’s data centre investment is now worth a total A$13.7 billion (NZ$15.18b), up from A$10.2b just two months ago, pricing its almost 50% stake at A$6.85b. The higher revaluation for CDC Data C
Australian Foundation Investment Company Limited specializes in investing in Australian equities. The company has a diverse portfolio of 75 Australian companies. The company follows a dividend reinves
Wayne Gentle is Milford Asset Management’s chief investment officer and executive director. He is also the co-portfolio manager of the Milford Trans-Tasman Equity Fund and the Milford Australian Abs
By Paul McBeth March 14 (BusinessDesk) - Macquarie Securities has been publicly ticked off and fined $20,000 for failing to discover that one of its clients with direct market access made more than 10
By Sophie Boot Sept. 27 (BusinessDesk) - Investment advisory firm Saturn Portfolio Management has lost a court battle with pension provider i-Select after a judge rejected its allegations of a conspi
By Rebecca Howard Jan. 19 (BusinessDesk) - Building consents for retirement villages continued to rise in November as operators expand to meet the demands of New Zealand's ageing population and Macqua
Researchers at Macquarie are warning clients there are further falls to come for equity markets as the United States economy falls into recession. In a note titled ‘Buckle Up’, the Australian in
By Tina Morrison May 26 (BusinessDesk) - Macquarie Group, the Australian financial firm, agreed to sell the majority of its New Zealand retail wealth management business to local investment manager W
A A$3.4 billion takeover offer for Vocus Group has put the planned sale of the company's New Zealand business in doubt. Melbourne-headquartered Vocus yesterday confirmed it had received a non-binding.
By Tina Morrison Sept. 6 (BusinessDesk) - Oceania Healthcare's cornerstone shareholder Macquarie Group sold a 15.6 percent stake in the aged care and retirement village operator for $104.5 million,
SkyCity Entertainment Group’s two-day scrap over a $220 million contract it had with a Macquarie Group subsidiary has begun in the high court in Auckland. Justice Neil Campbell is hearing the c
Macquarie analysts are upbeat on Xero, lifting their rating to outperform from underperform and their 12-month target price to A$152.60 (NZ$163.27) from A$87.00. The stock last traded at A$135. The m
By Tina Morrison Sept. 5 (BusinessDesk) - Oceania Healthcare's cornerstone shareholder Macquarie Group is selling down some of its shares for $102.6 million after restrictions on their sale were lift
Christchurch-based property developer Wolfbrook has bought the property management business of the failed Du Val group. Investment Portfolio Management Limited Partnership (IPM) managed around 450 pr
By Henry Ren (Bloomberg) -- Macquarie Group Ltd has ruled out purchasing a stake in London’s Heathrow airport, putting a sale of the UK hub at risk, the Telegraph reported. The Australian investm
SkyCity Entertainment Group’s plan to offload its car parks to Macquarie for more than $200 million has fallen through. This morning, SkyCity, which is due to hold its annual meeting tomorrow, told
“Up to 20 jobs could be laid off following Macquarie Asset Management’s (MAM NZ) shock decision to hand over the keys to its NZ outpost to Mercer,” I read on some screen-scraping service that de
JP Morgan Asset Management and Craigs Investment Partners announced a strategic partnership with a multi-year memorandum of understanding. The partnership aims to leverage the strengths of both organi
The Company's objective is to provide long-term growth in income and capital, principally by investment in equities listed on the London Stock Exchange. The Board continues to recognise the importance
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