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News in Brief

News in Brief

Pacific Edge raises $20m above target
Dan Brunskill | Fri, 24 Sep 2021

The cancer diagnostic firm's shares spiked 6% after strong demand for new shares saw it increase its capital raise to a total of $100 million.

Stride reinstates dividend guidance after IPO withdrawal
Staff reporters | Thu, 23 Sep 2021

Stride's bid for an increase in directors' fees was approved, but there was a strong protest vote with nearly 26% of votes lodged ahead of the meeting against it.

Goodman's property gains another $500m
Staff reporters | Thu, 23 Sep 2021

Goodman Property Trust's industrial property portfolio is benefiting from the rise in internet shopping accelerated by the covid pandemic.

NZ shares flat as global markets fear Evergrande crisis
Dan Brunskill | Tue, 21 Sep 2021

Key US indices fell about 2% overnight, as investors worried Chinese developer Evergrande’s insolvency could lead to a wider market shock.

NZ shares consolidate from Friday rally
Dan Brunskill | Mon, 20 Sep 2021

After a strong finish to last week, with many stocks rallying as key indices were rebalanced, NZ shares opened lower on Monday.

Auckland to drop down an alert level
Staff reporters | Mon, 20 Sep 2021

Auckland to remain at level 3 for at least 2 weeks. 

New $150m Summerset village in Cambridge greenlit
Staff reporters | Mon, 20 Sep 2021

The new Summerset village will provide up to 50 new permanent jobs once fully operational.

Passive funds push NZX 50 higher
Dan Brunskill | Fri, 17 Sep 2021

Earlier this month, logistics company Mainfreight hit a record high after FTSE announced it would be included in its global small-cap index, along with travel booking company Serko.

Air NZ says lockdowns are hitting its financial performance
Staff reporters | Fri, 17 Sep 2021

Air NZ has requested additional drawdowns on its facility as it looks to weather the latest Delta outbreak. 


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