Z Energy shares hit 5-yr low; rivals resist higher prices
By Gavin Evans | Fri, 13 Dec 2019
Z Energy shares are trading at a five-year low after the company cut its full-year earnings guidance and warned that the level of competition in the retail fuel market appears to be a structural change.
Xero chair to retire early as family’s health comes first
By Paul McBeth | Fri, 13 Dec 2019
Xero chair Graham Smith will hand over the reins of board at the end of January and retire from the board in March.
Fletcher wins dispute with former accountant
By Victoria Young | Fri, 13 Dec 2019
Fletcher Building has won a court case against a former employee who complained he was pressured to sign off accounts that weren’t accurate.
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MARKET CLOSE: NZ shares fall; Z Energy sinks on profit warning
By Paul McBeth | Fri, 13 Dec 2019
New Zealand shares fell as Z Energy’s warning of lower profits and smaller dividends cast a long shadow over the market. The S&P/NZX 50 Index declined 66.39 points, or 0.6 percent, to 11,241.59. Wi...
Kiwi jumps against greenback, plunges against the pound
By Jenny Ruth | Fri, 13 Dec 2019
The New Zealand dollar jumped against the US dollar on reports the US and China have declared a trade war truce but plummeted against the British pound as the Conservative Party appeared headed for a...
Pushpay buys Colorado rival for US$87.5m
By Paul McBeth | Fri, 13 Dec 2019
Pushpay Holdings will add about 4,000 church customers to its books with the US$87.5 million acquisition of rival Church Community Builder, although co-founder Chris Heaslip signalled his departure ne...
Xero chair to retire early as family’s health comes first
By Paul McBeth | Fri, 13 Dec 2019
Xero chair Graham Smith will hand over the reins of board at the end of January and retire from the board in March.Smith’s departure was earlier than planned due to the health of close family members...
Kiwi sinks vs pound as exit poll predicts a strong Johnson majority
By Rebecca Howard | Fri, 13 Dec 2019
The New Zealand dollar dropped by almost a penny against the British pound after UK exit polls predicted a large majority for Boris Johnson’s Conservatives.The kiwi was trading at 49.16 British pence...
Manufacturing activity expanded in November
By Rebecca Howard | Fri, 13 Dec 2019
Manufacturing activity expanded for the second month in a row in November, although at a slower rate. The Bank of New Zealand-BusinessNZ performance of manufacturing activity index eased 1.2 point...
House prices are accelerating again, even in Auckland
By Jenny Ruth | Fri, 13 Dec 2019
House price inflation continued to accelerate in November, but sales volume was down nearly 2 percent with the Real Estate Institute citing both lack of listings and a widening gap between what seller...
Evolve completes A$18.9m placement with insiders taking A$8m
By Jenny Ruth | Fri, 13 Dec 2019
Evolve Education has completed an A$18.9 million placement to professional investors with insiders contributing A$8 million. The 145 million new shares were sold at 13 Australian cents each, a 10.3...
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