InvestNow buys RaboDirect's Managed Funds for undisclosed sum
By Rebecca Howard Oct. 3 (BusinessDesk) - Wellington-based managed funds platform InvestNow has bought the Managed Funds product line of Rabobank New Zealand's RaboDirect, beefing up its client base and giving those new customers access to a broader range of funds. InvestNo...
RESEND: NZ business confidence knocked by pre-election jitters in third quarter
(Fixes repeat in headline) By Rebecca Howard Oct. 3 (BusinessDesk) - New Zealand firms' optimism about the economy fell in the September quarter on pre-election jitters, but companies still expect better times ahead. A seasonally adjusted net 7 percent of firms surveyed...
NZ dollar falls as prospect of new Fed chair stokes rate hike bets; Catalonia vote weighs on euro
By Rebecca Howard Oct. 2 (BusinessDesk) - The New Zealand dollar slipped as the greenback benefitted from the possibility a new Federal Reserve chair could tighten monetary policy faster than the current regime and as the euro was weighed on by uncertainty over the Catalonia i...
Sanford touches record high as value-add strategy may be garnering interest
By Rebecca Howard Oct. 2 (BusinessDesk) - Fishing company Sanford shares hit a record high Monday as the company's value-add strategy may be gaining some traction, although trading was light. The stock recently rose 3.3. percent to $7.95, having climbed as high as $8 earli...
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