MARKET CLOSE: NZ shares rally on RBNZ rate cut
By Paul McBeth May 8 (BusinessDesk) - New Zealand shares staged a late rally as the Reserve Bank's cut to the official cash rate boosted the attraction of companies paying reliable dividends such as Contact Energy and Mercury NZ. The S&P/NZX 50 Index increased 35.66 points...
Mainzeal lawyers argue over $36 million penalty
By Paul McBeth May 8 (BusinessDesk) - Lawyers in the Mainzeal case were back in court today arguing whether the $36 million penalty handed down to directors of the failed construction company, including former Prime Minister Jenny Shipley, should attract up to six years' inter...
Evolve to raise $63.5M at steep discount to repay debt, buy Australian centres
By Paul McBeth May 8 (BusinessDesk) - Evolve Education Group plans to raise $63.5 million at a 65 percent discount to repay debt and fund a push into Australia. The capital raised will help strengthen the childcare operator's balance sheet just ahead of announcing its annu...
MARKET CLOSE: NZ shares gain as investors chase yield in low-rate environment
By Paul McBeth May 7 (BusinessDesk) - New Zealand shares bounced back from yesterday's Donald Trump-induced slump, as the attraction of stocks paying reliable dividends remains strong in a low-interest rate environment. Meridian Energy, Chorus and Infratil were among the gaine...
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