Cullen Group liquidators probe Bendon-Naked deal
By Victoria Young | Thu, 23 Jan 2020
Liquidators of entities associated with Eric Watson’s Cullen Group are investigating the sale of the Bendon Lingerie business as they try to get a picture of the UK-based businessman’s New Zealand affairs.
Genesis signals 15% 1H earnings decline, maintains FY guidance
By Gavin Evans | Thu, 23 Jan 2020
Genesis Energy says first-half operating earnings will be down about 15 percent on the previous year’s record result due to a combination of low hydro storage and high fuel costs.
Investors likely more upbeat, as Wall Street lifts, virus fears ease
By Rebecca Howard | Thu, 23 Jan 2020
Investors will likely be more upbeat as the S&P 500 and the Nasdaq hit record highs buoyed by an upbeat IBM and as fears about a virus outbreak in China abated.
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New Zealanders don't have enough life insurance: FSC
By Jenny Ruth | Thu, 23 Jan 2020
A growing number of New Zealanders believe the population has less life insurance than it needs, according to industry research. In a survey for the Financial Services Council conducted last year,...
Tourism still easing as Australian, American visitor numbers decline
By Rebecca Howard | Thu, 23 Jan 2020
International visitor numbers continued to fall in November as declining numbers of Australians and Americans joined the slowdown in Chinese arrivals. Separately, provisional net migration numbers are...
Genesis signals 15% 1H earnings decline, maintains FY guidance
By Gavin Evans | Thu, 23 Jan 2020
Genesis Energy says first-half operating earnings will be down about 15 percent on the previous year’s record result due to a combination of low hydro storage and high fuel costs.The country’s biggest...
Investors likely more upbeat, as Wall Street lifts, virus fears ease
By Rebecca Howard | Thu, 23 Jan 2020
Investors will likely be more upbeat as the S&P 500 and the Nasdaq hit record highs buoyed by an upbeat IBM and as fears about a virus outbreak in China abated.International Business Machines Corp...
MARKET CLOSE: NZX50 hits record as Asia recovers from virus fears
By Dan Brunskill | Wed, 22 Jan 2020
The S&P/NZX 50 Index rose to a record as investor confidence recovered from yesterday's fears over the outbreak of coronavirus in China. A2 Milk led the gain. The benchmark index advanced 84.54 po...
NZ dollar falls as coronavirus spreads beyond China
By Jenny Ruth | Wed, 22 Jan 2020
The spread of the coronavirus from China weighed on the New Zealand dollar although no cases have been reported here yet. The kiwi was trading at 65.90 US cents at 5pm in Wellington, although it ha...
Graeme Hart to float part of packaging empire in US$1.37b IPO
By Rebecca Howard | Wed, 22 Jan 2020
Kiwi billionaire Graeme Hart is looking to raise up to US$1.37 billion selling part of his packaging empire in an initial public offering. Reynolds Group Holdings last year said its second-larges...
Coronavirus outbreak spooks investors, has officials on alert
By Dan Brunskill | Wed, 22 Jan 2020
The Ministry of Health has told border authorities not to impose travel restrictions in response to the outbreak of a new respiratory disease in China, but is watching the situation which has spooked...
Industry faces more cuts to emission supports
By Gavin Evans | Wed, 22 Jan 2020
Further cuts are planned to the protection energy-intensive firms receive against rising carbon costs, but no decisions are expected this year.The government surprised heavy industry late last year by...
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