ASX stories
Telecom to de-list ADRs from NYSE on 9th July, aiming to cut administration costs. Shares remain on NZX, ASX. Second-half EBITDA forecast at USD $560M.
Inventis, the unprofitable furniture and technology company, has sold its New Zealand unit to a Hamilton-based building firm for an undisclosed sum.
Nufarm, the agricultural chemicals manufacturer, will take a 30 million euro charge this year to consolidate its European manufacturing operations.
NZ's Tomizone tackles Aussie market via PHW reverse takeover, eyeing ASX listing and expansive Wi-Fi dominion.
Qantas Airways, Australia biggest airline, lifted revenue on trans-Tasman routes by 18 percent last year amid increased traffic flows.
HRL Holdings, the ASX-listed geothermal exploration company, has agreed to buy Precise Consulting, a hazardous material testing laboratory, for $5.
A2 Milk Co has agreed to make China State Farm Holdings Shanghai the sole importer of its a2Platinum infant formula while the milk marketer will ta.
NZX 50 hits record high, driven by A2 Milk's ASX dual-listing news and strong gains in energy and property sectors.
Telstra Health, a unit of Australia's largest telecommunications business Telstra Corp, bought 2 percent of Orion Health Group in the healthcare ma.
GIC, the Singaporean investment fund, has entered a joint venture with Scentre Group, the trans-Tasman Westfield mall owner and operator, paying $1.
Shares of Orion Healthcare Group, which develops software systems for patient health management, have been priced at $5.
APN News & Media will take a $54 million impairment on its New Zealand newspaper mastheads in its 2014 results and forecast a 5.
The cloud accounting software firm expects to make more losses in its push to become a global player and may raise more cash to pay for those plans.
Woodward Research endorses Trade Me IPO, citing strong cash flows and profitability. The company to raise NZD $363.5 million from a 34% stake sale.
