MARKET CLOSE: NZ shares fall as greenback view spur offshore selling
By Jonathan Underhill May 19 (BusinessDesk) - New Zealand shares fell from a record high as speculation about a Federal Reserve rate hike next month drove up the US dollar and prompted some offshore funds to trim their investments. Auckland International Airport, Meridian Ener...
NZ dollar falls as Fed minutes point to June rate hike, driving up greenback
By Jonathan Underhill May 19 (BusinessDesk) - The New Zealand dollar fell as the US dollar surged in response to the publication of minutes of the last Federal Open Market Committee which hinted at an interest rate increase as soon as next month, driving up demand for the gree...
Coats affirms guidance for modest annual profit growth, delisting from NZX, ASX
By Jonathan Underhill May 19 (BusinessDesk) - Coats Group, the UK-based thread-maker left after diversified investor Guinness Peat Group sold its other assets, reiterated its guidance for a "modest" increase in annual earnings before one-time items and affirmed plans to delist...
MARKET CLOSE: NZ shares rise; Infratil, Heartland gain on earnings growth
By Jonathan Underhill May 18 (BusinessDesk) - New Zealand shares rose, pushing the S&P/NZX 50 Index to a new record after Infratil posted a gain in full-year earnings and said it has a $1 billion war chest to make acquisitions. Heartland New Zealand advanced after reporting a...
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