MARKET CLOSE: NZ shares dip as SkyCity result continues steady reporting season
By Paul McBeth Aug. 14 (BusinessDesk) - New Zealand shares dipped as the local reporting season continued to meet expectations with SkyCity Entertainment Group posting a small increase in underlying earnings and signalling growth in the current year. The S&P/NZX 50 Index d...
International guest nights plumb 3-year low as tourism contracts
By Paul McBeth Aug. 14 (BusinessDesk) - New Zealand's accommodation operators reported the fewest monthly international guest nights for three years in June as the tourism boom tapers off. Statistics New Zealand's soon-to-be-defunct accommodation survey showed just 800,000...
Cannasouth issues shares to fund cultivation facility
By Paul McBeth Aug. 14 (BusinessDesk) - Cannasouth will raise another $1 million from an issue of new shares, just two months after its initial public offer, to fund a joint venture to build and own a cannabis cultivation facility. The medicinal cannabis research firm, whi...
MARKET CLOSE: NZ shares join global lull as investors remain nervous
By Paul McBeth Aug. 13 (BusinessDesk) - New Zealand shares joined a global decline as investors remain unnerved by heightened geopolitical tensions. Domestic earnings met expectations but failed to stoke local investor confidence. The S&P/NZX 50 Index fell 17.97 points, or...
Prev
