A2 Corp to join top 50 index, toppling PGG Wrightson from benchmark

Wed, 06 Mar 2013

March 6 (BusinessDesk) - Alternative milk marketer A2 Corp is set to join the NZX 50 index after qualifying in the February review, and will topple rural services firm PGG Wrightson from the benchmark bourse. The change will come into effect from the open of trading on March 18, stock exchange operator NZX said in a statement. Shares in Wrightson rose 2.6 percent to 40 cents in trading today, while A2 was unchanged at 56 cents. Wrightson is controlled by NYSE-listed Chinese agriculture firm Agria Corp, and has a market capitalisation of $3...
Primary Sector
$25m for Milford tunnel as Southland gets pre-election funding
Brent Melville | Thu, 16 Jul 2020

The Homer Tunnel, a transport lifeline into and out of Milford Sound, Fiordland, will receive a $25 million upgrade as part of a swathe of pre-election government investment into Southland that also i...

Economy
Cheaper petrol, accommodation through lockdown tames inflation
Paul McBeth | Thu, 16 Jul 2020

Cheaper petrol and accommodation slowed the annual pace of inflation through the covid-19 lockdown, more than offsetting price spikes in other consumer goods. The consumers price index shrank 0.5 p...

Retail
Delegat profits up 37%
Victoria Young | Thu, 16 Jul 2020

Wine maker Delegat Group's unaudited profit after tax for the year to June 30 rose 37 percent to $64.1 million, the company reported. The figure includes fair value movements in its vines and deriv...