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
Online sharetrading platform Sharesies has acquired Orchestra, an Auckland start-up providing private companies with investor solutions. Orchestra launched in 2020 after crowdfunding platform Snowball
Online sharetrading platform Sharesies has acquired Orchestra, an Auckland start-up providing private companies with investor solutions. Orchestra launched in 2020 after crowdfunding platform Snowball
By Paul McBeth Oct. 2 (BusinessDesk) - Macquarie Securities (NZ) will pay $23.8 million for 6.3 million new Chorus shares as the underwriter for the telecommunications network operator's dividend rein
By Rebecca Howard July 26 (BusinessDesk) - Oceania Healthcare chief executive Earl Gasparish expects Macquarie Group to start gradually selling its majority stake now an escrow period is ending. Und
By Jonathan Underhill Feb. 24 (BusinessDesk) - Macquarie Securities (NZ) has been fined $40,000 and publicly censured by the New Zealand Markets Disciplinary Tribunal after a client mistakenly placed
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.
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
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 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
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
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 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
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 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
Nearly one in two infrastructure projects being delivered by government agencies are experiencing delays and transport dominates future spending intentions, a new monitoring report says. Treasury rele
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
Estate planning and investment firm Perpetual Guardian Group has acquired Castle Point Funds Management for an undisclosed sum to expand its retail market presence. Signed Tuesday, the acquisition of.
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