NZE:BRW

3 stories mentioning NZE:BRW

Every FINWIRES story that references NZE:BRW, newest first.

New Zealand Shares Flat; Bremworth Backs Floorscape Agreement Amid Speculation Over Regulatory Clearance

New Zealand shares ended flat with a negative bias on Thursday as all Asian markets saw a sell-off amid continued hostilities between the US and Iran.The S&P/NZX 50 Index was little changed to close at 13,206.11.The US carried out overnight strikes in Iran targeting a military site and downed four Iranian one-way attack drones deemed a threat near the Strait of Hormuz, according to a Wednesday Reuters report, citing a US official."Over the next 2 weeks, we expect either a deal for a new ceasefire, or the current ceasefire will have collapsed with active hostilities resuming," said Madison Cartwright, a senior geo-economics analyst at Commonwealth Bank of Australia, as quoted by Reuters.In domestic news, the seasonally adjusted number of filled jobs across New Zealand industries rose 0.2% month-over-month to 2.4 million in April, following a 0.3% increase in March, data from Stats NZ showed.Also, New Zealand's total number of enterprises rose to 603,354 in April 2026 from 596,721 in April 2025, according to data from stats.govt.nz.In corporate news, Bremworth (NZE:BRW) said it continues to believe that its October 2025 agreement to be acquired by Floorscape represents the best available opportunity to provide value to shareholders.Fonterra Co-operative Group (NZE:FCG) said the opening 2026/27 season forecast farmgate milk price is NZ$9.75 per kilogram of milk solids within a range of NZ$8 to NZ$11.

^NZ50NZE:BRWNZE:FCG

Asia19d ago

Bremworth Backs Floorscape Agreement Amid Speculation Over Regulatory Clearance; Shares Down 3%

Bremworth (NZE:BRW) said it continues to believe that its October 2025 agreement to be acquired by Floorscape represents the best available opportunity to provide value to shareholders, according to a Thursday filing with the New Zealand bourse.The company issued the statement after becoming aware of speculation over its strategic options if the New Zealand Commerce Commission (NZCC) rejects Floorscape's clearance application for the transaction."Bremworth continues to have confidence in the merits of the scheme for shareholders and New Zealand consumers and will continue to engage with the NZCC," the company said.It added that the board will assess remaining alternatives if the NZCC does not grant clearance.The company's shares fell nearly 3% in recent Thursday trade.

NZE:BRW

Asia19d ago

Bremworth Says New Zealand Commerce Commission Further Extended Clearance Decision Date on Scheme Implementation Agreement; Shares Down 4%

Bremworth (NZE:BRW) said the New Zealand Commerce Commission further extended the clearance decision date on the company's scheme implementation agreement with Floorscape and Mohawk Industries to June 30, according to a Wednesday filing with the New Zealand bourse.Floorscape agreed to acquire all of the company's shares through a scheme of arrangement, under the agreement disclosed in October 2025, the filing said.If scheme implementation does not occur prior to the Aug. 7 end date, either the company or Floorscape may elect to terminate the agreement, per the filing.Bremworth shares fell 4% in midday trade in New Zealand.

NZE:BRW