MightyRiverPower and Meridian Energy’s utility-style earnings and regulatory risk mean they fail the investment criteria for Fisher Funds’ managed Kingfish, according to the NZX-listed equity investor’s quarterly newsletter. Kingfish didn’t participate in the government’s selldown of MightyRiverPower, whose shares are trading below the $2.50 sale price “and is unlikely to participate in the pending float of Meridian,” according to the …

Shares in Wynyard Group gained after the intelligence software developer signed up the Serious Fraud Office as its latest customer for an undisclosed sum. The white-collar crime investigator will use Wynyard’s investigations software as a means to improve efficiency and free up investigators to better manage their operations, the Auckland-based company said in a statement. That software is used to …

The manager of Kiwi Income Property Trust didn’t give investors any more clues on a proposal to bring its contract inhouse, but did share growing optimism about state of retail and Auckland office space. Kiwi Income Properties Ltd chairman Mark Ford told today’s annual meeting the proposal by Commonwealth Bank of Australia to internalise the management of the property trust …