MARKET CLOSE: NZ shares rise as bargain hunters move on global relief rally
By Rebecca Howard Jan. 7 (BusinessDesk) - New Zealand shares rose as improving risk appetite in the wake of strong US jobs data and a note of caution from the US Federal Reserve sparked bargain-hunting in stocks like Kathmandu, Synlait Milk and A2 Milk. The S&P/NZX 50 inde...
Pushpay on track to achieve positive March-year ebitdaf
By Rebecca Howard Jan. 7 (BusinessDesk) - Digital church collection payment operator Pushpay said it achieved its target of breaking even on a monthly cash flow basis prior to the end of 2018 and is confident it will now have positive cash flows on an ongoing basis. The NZ...
NZ dollar inches lower against greenback, drops against yen in uncertain markets
By Rebecca Howard Dec. 21 (BusinessDesk) - The New Zealand dollar is headed for a 0.3 percent weekly fall against the US dollar - and a 2 percent drop against the yen - as jittery markets wait to see whether a partial US government shutdown can be averted before Christmas. ...
Consumer confidence makes a Christmas comeback
By Rebecca Howard Dec. 21 (BusinessDesk) - Consumer confidence made a comeback in December, with a growing appetite to spend in the run-up to Christmas. The ANZ-Roy Morgan headline index of consumer confidence lifted 3 points to 121.9 points in the latest month – a readin...