Jenny Shipley to step down as Genesis chair in October, succeeded by Barbara Chapman
By Paul McBeth Aug. 7 (BusinessDesk) - Former Prime Minister Jenny Shipley will step down as Genesis Energy chair after this year's annual meeting in October, and be succeeded by ex-ASB Bank chief executive Barbara Chapman. Shipley, who is among former Mainzeal directors f...
Serko to raise $15M at 3.2% discount to accelerate growth, mulls acquisitions
By Paul McBeth Aug. 7 (BusinessDesk) - Serko plans to raise $15 million selling shares at a 3.2 percent discount to institutional investors to speed up its growth trajectory having already raised revenue guidance. The Auckland-based online travel booking software developer...
NZ dollar barely budges ahead of RBA policy review
By Paul McBeth Aug. 7 (BusinessDesk) - The New Zealand dollar barely moved as investors prepare for central bank meetings on both sides of the Tasman, with little action on the trade war front overnight. The kiwi traded at 67.31 US cents as at 8am in Wellington from 67.36...
Former Evolve CEO Mark Finlay sells 11% stake for $13.1M at premium
By Paul McBeth Aug. 6 (BusinessDesk) - Former Evolve Education chief executive Mark Finlay, who founded the Lollipops Educare Group, sold an 11 percent stake in the listed early child education group at a 14 percent premium, with the beat-up stock attracting potential suitors....
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