![Tourism Holdings upbeat on profit](/pf/resources/images/placeholders/placeholder_l.png?d=799)
Tourism Holdings upbeat on profit
Tourism Holdings' share price jumped 6 per cent yesterday after the company said its profit this year may beat guidance released earlier this year.
Tourism Holdings' share price jumped 6 per cent yesterday after the company said its profit this year may beat guidance released earlier this year.
Goodman Fielder's directors have given support to a reduced takeover proposal but approval from the majority of shareholders is still needed.
Shares for an initial public offer for Metro Performance Glass have been pitched in a $1.65 to $1.90 range for an auction-style book build set to start today, market sources say.
France's BNP Paribas has pleaded guilty to concealing billions of dollars in transactions for clients in Sudan, Iran and Cuba in violation of US sanctions.
To fund big deals, buyers are using stock to fuel the best quarter for global takeovers since 2007.
The Financial Markets Authority has issued a favourable report card on the NZX and the way it handles its statutory obligations.
The NZX has resumed normal operations after technical issues forced trading to be halted this morning.
Investor fatigue claimed its first victim yesterday when Australian private equity firm Next Capital withdrew its initial public offer for Hirepool.
Australian private equity company Next Capital have withdrawn its IPO for Hirepool because of a lack support from domestic institutions.
Christchurch agribusiness company Scales said it had registered a prospectus for an IPO and sharemarket float today.
The chairwoman of the US Federal Reserve, Janet Yellen, said the New Zealand economy seemed to doing extremely well.
Bank bosses argue capitalism must a regain sense of social responsibility to restore public faith in its virtues.
Coca-Cola shareholder David Winters is accusing Warren Buffett of plotting to take the soft-drink maker private.