Property deals drive NZ M&A activity in financial sector in 2015
By Paul McBeth Oct. 21 (BusinessDesk) - Large property and real estate deals have led merger and acquisition, and private placement activity in New Zealand's financial sector for a second year. The financial sector's $4.51 billion of M&A and private placement deals in the 1...
Snakk Media posts first positive quarterly earnings as sales rise 13%
By Paul McBeth Oct. 21 (BusinessDesk) - Snakk Media, which aggregates publishers’ ad space on mobile devices and matches it to advertisers’ demand, posted its maiden quarterly earnings result as sales rose 13 percent. The Auckland-based company reported earnings before inte...
NZ dollar little changed ahead of dairy auction, amid flat expectations for prices
By Paul McBeth Oct. 20 (BusinessDesk) - The New Zealand dollar was little changed in local trading ahead of the GlobalDairyTrade auction, which is expected to show the rebound in dairy prices has run out of steam for now. The kiwi traded at 68.05 US cents at 5pm in Wellingt...
Cheaper borrowing costs spur NZ corporate bond sales, AMP Capital says
By Paul McBeth Oct. 20 (BusinessDesk) - New Zealand's relatively cheap local borrowing costs are spurring companies to raise cash by selling bonds, according to fund manager AMP Capital Investors (New Zealand). The Wellington-based firm, which manages more than $19 billion...
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