MARKET CLOSE: NZ shares join global rally as trade fears ease; Chorus, Mainfreight rise
By Paul McBeth March 6 (BusinessDesk) - New Zealand shares rose as fears eased over US President Donald Trump's new tariffs on metals, renewing demand for equities across the world. Chorus and Mainfreight gained, while Metro Performance Glass fell, matching its record low. ...
HEB Construction returns to profit in 2017 as sales grow 39%, year-earlier charge not repeated
By Paul McBeth March 6 (BusinessDesk) - HEB Construction returned to profit in 2017 as the construction company's revenue climbed 39 percent and as a $38.3 million charge on losses from a major project wasn't repeated. The Drury-based company, which was bought by France's...
NZME, Stuff to renegotiate terms if appeal is successful
By Paul McBeth March 6 (BusinessDesk) - Newspaper publishers NZME and Fairfax Media Group-owned Stuff will renegotiate the terms of their merger if they successfully appeal the High Court's rejection of their deal. The merger agreement between the two companies has termina...
NZ M&A activity likely to stay frothy in 2018 as interest rates remain low: Chapman Tripp
By Paul McBethMarch 6 (BusinessDesk) - New Zealand may have another busy year for mergers and acquisitions as interest rates remain low and deep-pocketed buyers seek out quality assets, says law firm Chapman Tripp. The number of local M&A transactions rose to 127 in calendar 2017...
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