MARKET CLOSE: NZX 50 climbs to new record, Restaurant Brands gains on guidance

Thu, 23 Oct 2014

By Suze Metherell Oct. 23 (BusinessDesk) - New Zealand shares rose to a new record close, led by Restaurant Brands New Zealand after the country's biggest fast-food operator boosted its annual earnings guidance. Spark New Zealand pace gains as investors sought defensive stocks with reliable dividends The NZX 50 Index rose 13.126 points, or 0.2 percent, to 5292.825. Within the index, 20 stocks rose, 15 fell and 15 were unchanged. Turnover was $130.7 million. Restaurant Brands led the benchmark index higher, advancing 4.9 percent to a re...

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