Browsing Tag
New Zealand
132 posts
Change Financial (ASX: CCA) card volumes rise 92% as recurring revenue reaches 81%, but EBITDA declines 38%
Change Financial has reported record payments-as-a-service revenue, strong card transaction growth and positive quarterly operating cash flow, although weaker one-off licence revenue reduced group earnings despite rising recurring income.
Sigma Healthcare reports 12.1% Chemist Warehouse sales growth as international stores surge 30.2%
Sigma Healthcare has reported strong Chemist Warehouse-branded store sales growth across Australia and international markets, with beauty, healthcare and GLP-1-related products supporting demand while discretionary categories remain under pressure.
SkyCity Entertainment (ASX: SKC) agrees NZ$221m Grand Hotel sale as asset disposals approach NZ$300m
SkyCity Entertainment Group has signed a conditional agreement to sell The Grand Hotel in Auckland for NZ$221 million, bringing its announced property disposal programme to approximately NZ$295.5 million while regulatory approval and settlement remain outstanding.
Curcumin moves beyond capsules as DolCas Biotech targets the functional food opportunity
DolCas Biotech has introduced two new commercial applications for Curcugen through collaborations involving Mānukora's functional honey and Numin's cognitive beverage. The expansion highlights growing demand for functional ingredients in everyday foods and drinks, while placing greater emphasis on formulation quality and finished-product evidence.
Fletcher Building (ASX: FBU) reports stronger construction materials volumes as residential earnings weaken
Fletcher Building has reported improved first-quarter sales volumes across most of its building products businesses, but weakness in residential development and continuing uncertainty around construction activity leave its earnings recovery uneven.
Mercury NZ (ASX: MCY) lifts quarterly trading margin 19% as new wind farms offset weak hydro generation
Mercury NZ has reported a NZ$445 million first-quarter trading margin despite exceptionally weak hydro inflows, supported by portfolio management and increased wind and geothermal generation as its renewable investment programme advances.
EROAD (NZX: ERD) installs David Leach as CEO after major North American impairment
EROAD Limited has installed former Cin7 executive David Leach as Chief Executive Officer on October 12, completing a management reset after a difficult financial year dominated by a large North American impairment. He inherits a fleet technology platform with recurring revenue, improving Australian momentum and stronger liquidity, but a share price still close to its 52-week low.
Kip McGrath (ASX: KME) takeover turns unconditional as Crimson lifts cash offer to 75c
Crimson Consulting Australia has increased its takeover offer for Kip McGrath Education Centres to A$0.75 per share and removed all remaining defeating conditions, prompting the target's board to unanimously recommend acceptance ahead of the 19 October deadline.
GenusPlus Group (ASX: GNP) expands into New Zealand with up to NZ$65m telecoms acquisition
GenusPlus Group has agreed to acquire Universal Communications Group Holdings, adding telecommunications maintenance capabilities and exposure to Chorus while making a substantial portion of the purchase price contingent on earnings growth.
Cleanaway’s (ASX: CWY) A$9.4bn takeover is still alive, but why has EQT requested more time?
EQT Infrastructure has reaffirmed its proposed acquisition of Cleanaway Waste Management while extending exclusive negotiations until 19 October, leaving investors waiting for a binding agreement.