High-flying property stocks likely to rise further: Jarden
By Jenny Ruth Aug. 1 (BusinessDesk) - The value of New Zealand’s listed property stocks has risen 60 percent on average since they bottomed in 2012 and they are now trading about 18 percent above their net tangible asset backing. That suggests the market expects the value o...
Cooks, Enprise face trading suspension for late reports
By Jenny Ruth Aug. 1 (BusinessDesk) - Stock exchange operator NZX has warned Enprise and Cooks Global Foods that it will suspend trading in their shares unless their annual reports are filed by close of trading on Wednesday, Aug. 7. Both companies used to be listed on the n...
NZ dollar falls as business funk deepens
By Jenny Ruth July 31 (BusinessDesk) - The New Zealand dollar fell after a survey showed business sentiment, especially in the construction sector, has become even grimmer and as domestic interest rates hit fresh record-lows. The kiwi was trading at 65.97 US cents at 5pm in...
Chapman Tripp pleads for more time on bank capital proposals
By Jenny Ruth July 31 (BusinessDesk) - Law firm Chapman Tripp is urging the Reserve Bank to delay its final decision on increasing the minimum amounts of bank capital because of its critical importance to both the banks themselves and to the wider economy. “It is therefore...
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