Latest New Zealand News

Green Cross Health (NZX: GXH) has acknowledged discussions with third parties about a possible sale of its Medical division but emphasised that no transaction is guaranteed. The company remains committed to updating shareholders as the situation develops.

Ariadne Australia’s latest nine-month update reveals strong growth in its Orams subsidiary but a $5.2 million estimated total loss driven by currency headwinds and market declines in key investments.

BHP Group has updated its dividend announcement to reveal the dividend reinvestment plan (DRP) allocation price for the six months ending December 2025, confirming a fully franked USD 0.73 per share dividend payable in multiple currencies.

Critical Resources (ASX:CRR) has launched a systematic surface exploration program at the underexplored Corona Pegmatite Field, aiming to expand its Mavis Lake lithium resource in Ontario, Canada. The initiative complements the Gullwing exploration and supports CRR’s vision of developing a multi-deposit lithium district.

Fonterra has appointed Richard Allen as its new CEO starting 1 May 2026, marking a leadership transition aimed at sustaining strategic momentum and financial discipline. Allen’s deep roots in the cooperative and global experience position him to guide Fonterra’s next chapter.

Fonterra has completed a major $3.2 billion capital return to its shareholders through a Court-approved scheme, with payments scheduled for mid-April 2026.

DGL Group Limited (ASX: DGL) posted a statutory net loss of $12.8 million for the half year ended December 2025, impacted by non-cash write downs and operational costs, while progressing strategic initiatives including warehouse expansion and a new liquid waste treatment plant.

European Resources Limited has withdrawn its March 2026 renounceable rights issue following shareholder feedback and market conditions, replacing it with a repriced April offer to raise approximately $3.4 million, underwritten for $1.5 million by Mahe Capital.

Lumos Diagnostics Holdings Limited (ASX: LDX) has opened a Share Purchase Plan (SPP) offering eligible shareholders the chance to invest up to A$30,000 at A$0.225 per share, accompanied by free options. The SPP aims to raise up to A$2 million and closes on 24 April 2026.

Red Sky Energy has secured full underwriting for its 2-for-3 non-renounceable rights issue to raise approximately AU$4.2 million, supported by sub-underwriting commitments from related parties. Concurrently, the company has initiated a cost reduction program including a 25% pay cut for senior management and staff reductions.

Pacific Edge reported a 2.7% increase in test volumes for Q4 2026 despite operational challenges, supported by growing momentum toward Medicare coverage and expanded commercial payer adoption in the US and Asia Pacific.

PaySauce reported a 12% year-on-year rise in processing fee revenue for Q4 2026, driven by customer growth and service simplification, alongside launching its Global Payroll Platform in Australia. Annual recurring revenue grew 6% to NZD 8.9 million despite some quarter-on-quarter softness.