MARKET CLOSE: NZ shares fall for a second day as defensive stocks end stellar run
By Paul McBeth April 4 (BusinessDesk) - New Zealand shares fell for a second day as investors pared back their exposure to the equity market after the threat of lower interest rates spurred on demand for companies paying reliable dividends. Defensive stocks including Contact E...
Lyttelton Port told off over reluctance to deal with banned chemical
By Paul McBeth April 4 (BusinessDesk) - The Environmental Protection Agency slapped a compliance order on Lyttelton Port Co for its slow response to the discovery of a banned chemical on one of its tugboats. In its first investigation with beefed up powers to monitor hazar...
Scott Technology M&A spree delivers 62% boost in 1H profit
By Paul McBeth April 4 (BusinessDesk) - Scott Technology is near the end of its latest round of acquisitions, which helped boost first-half profit 62 percent. Net profit rose to $5.1 million in six months ended Feb. 28 from $3.1 million a year earlier. New businesses it bo...
MARKET CLOSE: NZ shares snap 6-day gain, Spark falls on Moutter exit
By Paul McBeth April 3 (BusinessDesk) - New Zealand shares slipped from a record, with Spark New Zealand falling after managing director Simon Moutter signalled his exit from the country's biggest telecommunications company. The S&P/NZX 50 Index fell 19.09 points, or 0.2 p...
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