Summerset plan bond offer

20.2.24 Summerset Group Holdings is considering making an offer of up to NZ$75m (with the ability to accept up to an additional NZ$50m of oversubscriptions at Summerset’s discretion) of six year, fixed rate bonds to New Zealand investors. The bonds will be...

DIA taking proceedings against SkyCity

12.2.24   SkyCity Entertainment Group has been informed by the New Zealand Department of Internal Affairs that it intends to file civil penalty proceedings in the High Court on 16.2.24 against SkyCity Casino Management Ltd for non-compliance by SCML with the...

Stronger quarter for IKE

8.2.24 8.50am ikeGPS Group has kicked off the business day with a performance update for the nine-month period to 31 December 2023 (all figures in NZD). Highlights: + YTD revenue of ~NZ$15.3m (-34% pcp). + Subscription revenue of ~NZ$7.9m (+24% vs pcp). + Transaction...

AFT Pharma has major step forward in US

7.2.24 AFT Pharmaceuticals’ shares rose strongly on NZX today after the company announced Maxigesic IV®, its patented pain relief medicine, has been launched in the US by its licensee Hikma Pharmaceuticals. AFT traded 14c higher at $3.84. The launch of the medicine,...

Fketcher making project provisions

Fletcher Building has released an update on the New Zealand International Convention Centre and Hobson Street Hotel project (“NZICC”) and the Wellington International Airport Carpark project (“WIAL Carpark”). The NZICC project remains on track for completion in late...

Briscoe Group excels again

2.2.24 Briscoe Group  has turned in one of those better-than-expected results in reporting unaudited sales for the full-year, 52-week period to 28 January 2024 of $792.0m, an increase of 0.78% on the $785.9 million reported for last year. Both segments delivered sales...