By Sophie Boot Feb. 21 (BusinessDesk) - SuperLife, the funds management business owned by NZX, has swapped 2.25 million convertible notes for just under 70 million shares in Energy Mad, giving it 71.4
Forsyth Barr and Jarden analysts have raised their target prices for exchange operator NZX following a 10% guidance lift. NZX Ltd said Monday it expects full-year 2024 operating earnings before inte
Troubled KiwiSaver provider Booster has come out on top of financial performance for ESG funds. Investment adviser National Capital’s KiwiSaver Value for Money report examines KiwiSaver’s performa
By Edwin Mitson Nov. 22 (BusinessDesk) - Energy Mad, the energy efficient light-bulb developer and retailer has borrowed a further $1 million to meet its capital needs, paying an interest rate of 20
NZX builds and operates capital, risk and commodity markets and the infrastructure required to support them. We provide high quality information, data and tools to support business decision making. We
The arrival of the FirstCape merger has already got financial services bigwigs wondering what the next shake-out’s going to be. Consolidation is the name of the game, and FirstCape chief Malcolm Jac
By Paul McBeth Nov. 26 (BusinessDesk) - Energy Mad, the unprofitable lightbulb maker which counts NZX's SuperLife as its biggest shareholder, almost halved its first-half loss, after slashing staff co
By Jonathan Underhill Feb. 17 (BusinessDesk) - NZX, which made its biggest-ever acquisition by buying funds manager SuperLife in 2014, posted annual profit growth of 8.3 percent after raising prices
By Paul McBeth Feb. 26 (BusinessDesk) - NZX head of policy and legal Robin Dey has resigned after seven years with the company, and her role has been split by the stock market operator. The Wellington
* All returns are after fees and before tax. Past performance is no guarantee of future performance. This is the BusinessDesk/FundSource KiwiSaver report for November 2023. The report draws on Busin
(Changes first paragraph to show combination with Superlife to happen this year) By Suze Metherell March 27 (BusinessDesk) - NZX's Smartshares unit, which is being combined with new acquisition Sup
January was a solid month for most KiwiSaver investors, with the 236 funds tracked in this month's report returning an average of 0.8% during the month. Growth and equities funds both returned about
September capital raises and growth in passive investing have pushed up NZX’s earnings guidance. NZX Limited said Monday that it expects full-year 2024 operating earnings before interest, taxes, d
By Paul McBeth Nov. 26 (BusinessDesk) - Energy Mad, the energy efficient lightbulb marketer, secured $284,000 in funding from shareholder Superlife to help support its local and overseas growth plans
A judgment is expected to be delivered on Thursday. The S&P/NZX 50 index declined 122.94 points or 1.03% to 11,759.15....
A judgment is expected to be delivered on Thursday. The S&P/NZX 50 index declined 122.94 points or 1.03% to 11,759.15....
By Jonathan Underhill June 1 (BusinessDesk) - NZX's SuperLife unit, which owns 45 percent of Energy Mad, has added to its support for the unprofitable lightbulb maker with a $1 million loan facility
March 31 (BusinessDesk) - SuperLife, the funds management business owned by NZX, has lifted its stake in Energy Mad to 45.6 percent after underwriting the unprofitable lightbulb maker's $2.2 million
(Updates with chief executive comment throughout) By Paul McBeth and Suze Metherell Dec. 8 (BusinessDesk) - NZX, the stock market operator, will spend up to $35 million buying fund manager and KiwiSa
By Suze Metherell March 2 (BusinessDesk) - Wellington Drive Technologies, the unprofitable manufacturer of energy efficient motors, widened its annual loss as sales dropped 35 percent. It will tap inv
By Jonathan Underhill Feb. 11 (BusinessDesk) - SuperLife, the funds management firm acquired by NZX in December, may end up with a controlling stake in unprofitable lightbulb maker Energy Mad after a
By Suze Metherell Oct. 30 (BusinessDesk) - NZX, the stock exchange operator, lifted revenue 13 percent in the third quarter, as its recently acquired fund management business, SuperLife boosted income
By Sophie Boot Sept. 23 (BusinessDesk) - Wellington Drive Technologies, the maker of energy efficient motors for commercial refrigerators, has taken a $2 million facility from major shareholder SuperL
By Suze Metherell Jan. 19 (BusinessDesk) - Former Cabinet Minister Simon Power will resign from the NZX board to avoid any conflict of interest as the stock market operator completes its acquisition
By Suze Metherell May 1 (BusinessDesk) - NZX lifted first quarter sales 9.1 percent as the stock market operator's expanded fund management business offset a drop of it in its derivatives and agricu
Third party data: All data displayed on the FundSource pages (Data) on BusinessDesk has been sourced from an independent third party, FE Fundinfo. NZME and its related bodies corporate and affiliates (together NZME) do not make any representation as to the currency, fairness, accuracy, completeness or reliability of the Data. Nor will NZME have any liability to any person in relation to the use of or reliance on the Data.
No financial or investment advice: The Data is general information only. It is not financial product or investment advice or an investment recommendation, and has not been prepared taking into account the objectives, financial situation or needs of any person. Potential investors should seek their own independent advice from a qualified financial adviser prior to making an investment decision. NZME makes no recommendation in relation to, and accept no responsibility or ongoing liability for, any person’s investment decisions.
No offer: The Data is only to be accessed by New Zealand residents from within New Zealand, and may not be copied or distributed to any other person. The Data does not constitute an offer or solicitation to offer financial products or conduct investment business in New Zealand or any other jurisdiction.
No guarantee: Past performance information should not be relied upon as (and is not) a promise, representation, warranty or guarantee as to the past, present or future performance. NZME does not guarantee repayment of any capital or payment of any returns on capital invested in the investments referred to in the Data.
Missing data? All data comes from FE fundinfo. BusinessDesk can help you get your data loaded and updated. Email [email protected] for help.