NZ dollar dips as rumour of White House departure, Spanish terror attack sap risk appetite
By Paul McBeth Aug. 18 (BusinessDesk) - The New Zealand dollar slipped back below 73 US cents as investors' appetite for riskier assets waned as rumours circulate that the US national economic council chief Gary Cohn might resign and as Spain became the latest target of a terr...
Powerhouse appoints interim liquidators to Hydroworks
By Paul McBeth Aug. 17 (BusinessDesk) - ASX-listed, Christchurch-based incubator Powerhouse Ventures secured a High Court order to appoint an interim liquidator to its investee firm Hydroworks, which has been without a board for the past fortnight. Powerhouse today filed a...
MARKET CLOSE: NZ shares edge up to new record; Fletcher extends gain
By Paul McBeth Aug. 17 (BusinessDesk) - New Zealand shares edged up to a new record as stocks across Asia rose in a relatively quiet earnings day domestically, with Fletcher Building extending its gain after yesterday's result while Skellerup climbed on its increased profit. ...
Evolve Education warns annual profit will dip in 2018 on weaker occupancy rates
By Paul McBeth Aug. 17 (BusinessDesk) - Evolve Education, the early childhood education centre operator, has warned annual profit will fall as much as 12 percent in the current year on weaker-than-expected occupancy rates, spurring management to cut costs and bolster its marke...
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