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Equities in Europe advanced after European Central Bank President Mario Draghi cemented expectations euro-zone policy makers will take action at their next meeting in June to help bolster the region’s economy. Speaking at an ECB Forum on Central Banking on Monday, Draghi said the central bank expects that “low inflation will be prolonged but gradually return to 2 percent.” “Our …

Wynyard Group, whose shares have doubled since the security software company’s listing last July, expects annual sales will be 15 percent higher than the prospectus forecast, and is looking at potential acquisitions to drive faster growth. The Auckland-based company expects revenue of about $31 million this calendar year, with sales execution in the second-half seen as critical, according to presentation …

Serko, the online business travel booking company, is seeking up to $22 million in an initial public offer, which it will use to fund growth aspirations across the Asia Pacific region The Auckland-based company will sell 15.5 million new shares at $1.10 apiece, raising some $17 million, and a further 4.5 million existing shares worth $5 million will be sold …

The New Zealand dollar may decline this week as weaker dairy prices are expected to see Fonterra Cooperative Group pull back its forecast payout to farmers. The local currency may trade between 84.30 US cents and 86.50 cents this week, according to a BusinessDesk survey of 10 traders and strategists. Seven predict the kiwi will fall this week, while three …

New Zealand’s trade surplus narrowed more than expected in April as exports fell more than imports, driven by a drop in shipments of  dairy products and meat. The trade surplus was $534 million in April, from a revised $935 million in March, and $171 million a year earlier, according to Statistics New Zealand. The annual trade balance turned to surplus of $1.19 billion, or …

Gentrack Group plans to raise as much as $101.8 million in an initial public offering next month, allowing existing owners to sell down their holdings and giving the utility and airport management software company funds to repay debt. The shares will be offered at an indicative price range of $2 to $2.50, valuing the Auckland-based company at between $151.4 million …

Hellaby Holdings, whose interests range from footwear to oil and gas services, said full-year profit may rise 35 percent on improved performance of four of its five divisions, although footwear continues to lag behind and Contract Resources undershot its forecast. The shares fell. Profit is expected to be about $25 million in the year ending June 30, from $18.2 million …

Shares in Pacific Edge gained 4 percent after the biotech company said it had signed a deal with US healthcare provider MultiPlan for the use of its non-invasive bladder cancer test, Cxbladder. The contract is the largest of the four US healthcare provider Pacific Edge has signed up since October last year, with MultiPlan a preferred provider organisation securing cheaper health rates for insurers for more than 900,000 …

Wellington International Airport, which is two thirds owned by Infratil, boosted full-year profit by 44 percent while keeping returns within the range prescribed by regulations. Net profit for the year ending March 31 was $23.5 million, up from $16.2 million a year earlier, the airport said in a statement. Sales rose 4.4 percent to $110.9 million, while its return on aeronautical assets …

Two Degrees Mobile, which broke New Zealand’s mobile phone duopoly when entered the market in 2009, has largely made inroads into low-value prepay customers, but has struggled to attract more lucrative corporate clients, according to the Commerce Commission’s latest sector review. At the end of June last year, the Auckland-based company had a quarter of New Zealand’s 4.77 million mobile …