Rebecca Stevenson

1 week ago | businessdesk.co.nz | Rebecca Stevenson

Utilities software company Gentrack debuted on the NZX in 2014 with “fanfare”.On June 23, it will officially be one of the most valuable companies on the exchange as it joins the NZX 20 Index with a market capitalisation of about $1.24 billion.In December 2023, its share price rise saw it climb into the NZX 50.Gentrack’s NZ manager, Allan Sampson, said joining the NZX 20 was a significant moment for Gentrack and a strong endorsement of the strategy it's been executing.

2 weeks ago | businessdesk.co.nz | Rebecca Stevenson

Fletcher Building says there is interest in buying its businesses, including its construction division.On Wednesday morning, the dual-listed building giant said that since the announcement of a strategic review of its portfolio in 2024, it had received “ongoing inbound inquiries” about the purchase of its businesses.

2 weeks ago | businessdesk.co.nz | Rebecca Stevenson

SkyCity Entertainment faces a high bar to prove Fletcher Building was grossly negligent and delayed the handover of the fire-stricken New Zealand International Convention Centre, an analyst says. On June 6, SkyCity announced that it would file legal proceedings against the construction firm and was seeking $330 million in damages due to the delay in opening the centre.

2 weeks ago | businessdesk.co.nz | Rebecca Stevenson

Smart micro-grid firm Supa Energy is raising $4 million in new capital to fund its push to decentralise energy through community-based solar and battery installations. The company targets commercial operations, schools, and community clubs, offering to install solar panels and batteries on a financed scheme.

3 weeks ago | businessdesk.co.nz | Rebecca Stevenson |Pattrick Smellie

Stay ahead with BusinessDesk's regular Small Cap Wrap – all the latest small cap opportunities, market trends and more.Recruitment company Accordant is still feeling the pain from reduced Government hiring. The firm, which operates five companies including executive search firm Hobson Leavy, JacksonStone & Partners, Madison Recruitment, AWF and Absolute IT, said its group revenue fell 22% to $165 million for the year to March 31.