Snakk Media, the latest brainchild of Hyperfactory co-founder Derek Handley, will list next month on the stock exchange’s small-cap bourse as a pre-cursor to a capital raising. The Auckland-based company, which aggregates publishers’ ad space on mobile devices and matches it to advertisers’ demand, will list on the NZAX on March 6 in a compliance listing, allowing future capital raising, …

Westpac Banking Corp’s New Zealand unit lifted first-quarter earnings 9.7 percent as it widened its interest rate margins, although its bottom line was eroded by unrealised changes in the value of its financial instruments. Profit after tax and before fair value movements climbed to $159 million in the three months ended Dec. 31 from $145 million a year earlier, according …

The Standard & Poor’s 500 Index retreated from a five-year high as disappointing US housing numbers failed to offer confidence. In afternoon trading in New York, the Dow Jones Industrial Average slipped 0.06 percent, the Standard & Poor’s 500 Index fell 0.42 percent, while the Nasdaq Composite Index shed 0.55 percent. The S&P 500 yesterday closed at 1,530.94 the highest …