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Lateral Corp jumps 75% on debut in thinly traded compliance listing
By Paul McBeth Aug. 18 (BusinessDesk) - Shares of mobile payments company Lateral Corp jumped 75 percent in a thinly traded debut on the NZX's small-cap Alternative Market, ahead of a planned private placement in coming months. The stock first traded at 35 cents, before set...
Contact Energy mulling capital return to shareholders
By Pattrick Smellie Aug. 18 (BusinessDesk) - Contact Energy directors are actively considering a capital return to shareholders as the company emerges from a five year, $2 billion programme of investment in new power stations and IT systems and enters a period of increasingly...
NZ service sector expands in July, holding above long-term average
By Paul McBeth Aug. 18 (BusinessDesk) - New Zealand service sector activity grew at a faster pace in July, holding above its long-term average, and fuelling firms' appetite to invest back into their business. The BNZ-BusinessNZ performance of services index rose 3.2 points...
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