MARKET CLOSE: NZ shares fall in light trading; power companies come off the boil
By Paul McBeth Sept. 10 (BusinessDesk) - New Zealand shares fell with the major electricity generator-retailers giving up some of their recent gains. Air New Zealand led the market lower. The S&P/NZX 50 Index declined 60.35 points, or 0.5 percent, to 11,142.58. Within the...
MARKET CLOSE: NZ shares snap six-day gain; A2 falls
By Paul McBeth Sept. 9 (BusinessDesk) - New Zealand shares snapped a six-day winning streak as investors pause for breath with the benchmark index near a record and outperforming all bar China's CSI 300 Index across Asia so far this year. A2 Milk led the market lower. The...
MARKET CLOSE: NZX50 climbs 4.1% in week; yield demand reigns
By Paul McBeth Sept. 6 (BusinessDesk) - The S&P/NZX 50 Index hit a record, rising 4.1 percent this week with high-yielding utilities and property stocks still in hot demand against a backdrop of ultra-low interest rates. The benchmark index was up 112.32 points, or 1 perc...
Trade Me still a growth company: CEO
By Paul McBeth Sept. 6 (BusinessDesk) - Trade Me is poised for another growth spurt under new chief executive Anders Skoe, who wants to take the online classifieds business and turn it into a real digital marketplace. The company was clocking high single-digit revenue growt...
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