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Strong start by NZ sharemarket fades
The New Zealand sharemarket started strongly but faded in the afternoon session as the Australian market weakened and as an initial pubic offer (IPO) by Synlait was pulled.The benchmark NZSX-50 index...
- NZPA Tuesday November 24, 06:29 PM -
NZ dollar mixed, confined to narrow range
The New Zealand dollar was mixed and confined to a fairly narrow range today.Economists said it did not react to the Reserve Bank of New Zealand quarterly survey of inflation expectations, when it...
- NZPA Tuesday November 24, 05:23 PM -
NZ inflation expectations rise sharply in survey
The odds of a more hawkish tone in the Reserve Bank of new Zealand's (RBNZ) December monetary policy statement "just got higher", Westpac economists said today.They were commenting on a quarterly...
- NZPA Tuesday November 24, 05:20 PM -
SkyCity sells cinema business to Australian operator
SkyCity Entertainment Group is selling its cinema business, which has over 35 percent of New Zealand's box office revenue, for $59 million.The buyer is Australia-based cinema operator Amalgamated...
- NZPA Tuesday November 24, 04:37 PM -
Sustainability perceptions bigger concern than border tax
Already at risk from countries imposing penal "carbon" taxes at the border, a greater threat to New Zealand exporters could lie in the perceptions of overseas consumers about the sustainability of...
- NZPA Tuesday November 24, 04:20 PM -
Pumpkin Patch sees itself through worst of recession
Children's clothing retailer Pumpkin Patch believes it is through the worst of the global recession and is seeing the return of some stability.Chief executive Maurice Prendergast told the company's...
- NZPA Tuesday November 24, 03:17 PM -
Australian arrivals up at Auckland Airport
Australians are travelling more to New Zealand due to increased airline capacity, lower airfares and a favourable exchange rate, according to the latest traffic update from Auckland International...
- NZPA Tuesday November 24, 02:49 PM -
Regulators warns Contact Energy, Trustpower
The Commerce Commission has issued a formal warning to Contact Energy and TrustPower following an investigation into possible bid-rigging behaviour.The commission today said its investigation found...
- NZPA Tuesday November 24, 02:39 PM -
Allied Farmers names Australia's Resimac as investor
Australia's Resimac Ltd has been named as the new investor in Allied Farmers Ltd.Allied Farmers is holding its annual meeting today in Hawera after last week unveiling a plan to acquire the assets of...
- NZPA Tuesday November 24, 01:35 PM -
ING Property Trust turns to profit
ING Property Trust made a post tax profit of $2.24 million profit in the six months to September 30 compared to a $10.55m loss in the same period last year.This was after a $11.22 positive movement...
- NZPA Tuesday November 24, 12:42 PM -
Synlait calls off $150m share issue
Canterbury dairy company Synlait Milk Ltd has admitted it can't get enough support from investors for its planned $150 million float.Started up by the first big "defectors" from Fonterra's ranks in...
- NZPA Tuesday November 24, 12:07 PM -
Whangarei superyacht builder goes into receivership
A company which promised to turn Whangarei into a world centre for superyacht-building has gone into receivership.New Zealand Yachts would continue to trade, receiver and manager Paul Sills, of...
- NZPA Tuesday November 24, 11:07 AM -
Strong start for NZ sharemarket
The New Zealand sharemarket started strongly today after stocks surged in Europe and the United States.Upbeat economic news in the euro zone and better-than-expected US home sales data bolstered...
- NZPA Tuesday November 24, 10:41 AM -
Power companies warned by ComCom
The Commerce Commission has issued a formal warning to Contact Energy and TrustPower following an investigation into possible bid-rigging behaviour.The commission today said its investigation found...
- NZPA Tuesday November 24, 09:49 AM -
Risk appetite returns to lift NZ dollar
The New Zealand dollar strengthened overnight as the greenback declined broadly.The kiwi started rising around noon yesterday when it dipped briefly to US72c, and by 8am was at US73.29c.Weakness in...
- NZPA Tuesday November 24, 09:02 AM
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