A2 to join MSCI main stock index, replacing Mercury

Sophie Boot
Mon, 14 May 2018

By Sophie Boot May 15 (BusinessDesk) - A review of global stock indices by MSCI will, as expected, add A2 Milk Co to the international investment advisor's main global index, with Mercury New Zealand to be removed. The semi-annual review of the MSCI Equity Indexes saw A2 included in the MSCI Global Standard Index, exiting the MSCI Global Small Cap Index. Mercury will leave the standard index to join the small cap, alongside Restaurant Brands, Synlait Milk and Tourism Holdings. Fletcher Building, which was rumoured to be leaving the main i...
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...