NZCity NewsLinks -

Finance

28 Jul 2024

Search

Devon Funds Morning Note - 18 July 2024
The rotation away from the technology sector gathered pace on Wednesday, with the Nasdaq posting its worst session since late 2022, with a 2.8% decline. Chip stocks drove the weakness after reports that the Biden Administration is looking at clamping down

CRP - Chatham Closes Private Placement of Shares
WELLINGTON New Zealand – Chatham Rock Phosphate Limited (TSXV: “NZP”, NZX: “CRP” and “3GRE” (Frankfurt) or the “Company”) pursuant to the Company’s news release dated June 28, 2024, the Company i

CRP - SPP offer - Cleansing Notice and Offer Booklet
Chatham Rock Phosphate Limited (CRP) has announced that it will be undertaking a share purchase plan offer of ordinary shares (New Shares) to its eligible shareholders resident in New Zealand (being those holders on the CRP share register resident in New

CVT - Party not proceeding with offer
On 22 February 2024, Comvita Limited NZX:CVT (Comvita) advised that an offshore party approached Comvita with a highly conditional, unsolicited, indicative, non-binding proposal to acquire all of the shares in Comvita (Proposal)

USX Trading Results 15th May
In trading on the USX for the week ending Wednesday 15 May 2024, there were 32 trades (previous week 14 trades) totaling 0.391m shares, worth $1.338m

Rising tides, sinking stocks: study explores cost of climate change
As the financial implications of climate change continue to soar, a forthcoming journal article explores its effects on company values

FSF - Financial Assistance for Enforced Compliance Trading
Fonterra Co-operative Group Limited (Co-operative) advises that in accordance with clause 4 of its Constitution, it has arranged the purchase of shares for 40 shareholders who held less than their minimum required shareholding for the 2023/24 season as at

STU - Steel & Tube to gift shares to staff
Steel & Tube Holdings Limited (NZX: STU) advises that it intends to issue 70 free shares to each of its team members, as part of its 70th anniversary celebrations. The formal issue of the shares is planned for early in the new year and will be based o

Australian firm bids to take over Warehouse Group
Australian private equity group has launched a bid to acquire all shares and de-list the retailer from the NZX. It has the backing of founder Sir Stephen Tindall.

Devon Funds Morning Note - 16 July 2024
The Dow Jones hit a record high on Monday with the 30-stock index closing up 0.5% at 40,211. Healthcare stocks were strong and Goldman Sachs jumped 2.6% after an earnings beat. The S&P 500 also hit a record with a 0.3% rise

MFB - Issue of Ordinary Shares and Performance Rights
My Food Bag Group Limited (My Food Bag) advises that it has issued ordinary shares and performance rights to eligible employees in connection with its employee share schemes

Lululemon hits bottom of S&P 500 as concern over outlook builds
It’s a reversal of fortune for Lululemon shares, which largely outperformed the US equity gauge in recent years.

Just Life Group Limited buyback offer opens
Just Life Group Limited (the “Company”) has today written to shareholders, offering to buyback up to 2.5 million shares at a price of NZ$0.30 per share (Offer)

SML - Synlait Milk Limited - Trading Halt of Securities
NZ RegCo advises that, at the request of the issuer, it has placed a trading halt on Synlait Milk Limited (NS) (“SML”) ordinary shares and “SML010” bonds at pre-market open today

BIF acquires shares in NewFish
Booster is pleased to announce the addition of Whole Fish Limited, trading as NewFish to the Booster Innovation Fund (BIF) portfolio

CCC - Less than Minimum Holding share buyback
On 6 April 2022, Cooks Coffee Co. Limited (NZX: CCC) gave notice to relevant shareholders, and announced to NZX, that it proposed to offer to buy back and cancel shareholdings that were less than 1,125 shares(1), being less than a “Minimum Holding&r