Listed Companies
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Retail
Briscoe says prudent not to participate in Kathmandu equity raising
Briscoe Group managing director Rod Duke said his decision not to participate in a $207 million equity raising by associate Kathmandu Holdings is prudent.The homeware and sports goods retailer owns about 14.5 percent of Kathmandu, an outdoor goods and apparel retailer with almost...
Coronavirus
Kathmandu to raise $207m at steep discount
Kathmandu Holdings intends to raise $207 million at a steep discount to meet its bankers' requirements to waive and relax its covenants as it looks to ride out the impact of covid-19.Kathmandu said its existing banking group has provided a covenant waiver for the periods ending J...
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Economy
Listed company capital raisings on ice but will be needed soon
Companies listed on NZX have been locking in liquidity and new debt lines over the past few weeks and their next step will be to raise equity to repair their balance sheets, exchange chair James Miller said.That's as they grapple with the impact of the global coronavirus crisis a...
Markets
MARKET CLOSE: NZ shares rise as investors rejig portfolios; Gentrack soars
New Zealand shares rose as institutional investors increased their exposure to equities at the end of the March quarter, and as central bank support raises the prospect of a rally following the coronavirus crash. Gentrack soared after it affirmed earnings guidance. The S&P/NZ...
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