MARKET CLOSE: NZ shares drop back as SkyCity, Air NZ weaken; NZX rises on Nasdaq MOU
By Sophie Boot Sept. 12 (BusinessDesk) - New Zealand shares dropped back, led lower by Mercury NZ and SkyCity Entertainment Group, as yesterday's gains weren't repeated. The S&P/NZX50 Index fell 30 points, or 0.3 percent, to 9,195.57. Within the index, 31 stocks fell, 15 ro...
Tilt directors repeat recommendation that shareholders reject Infratil, Mercury takeover offer
By Sophie Boot Sept. 12 (BusinessDesk) - Tilt Renewables's independent directors have repeated their advice that shareholders reject a takeover offer from major shareholders Infratil and Mercury NZ, after Tilt announced it has signed a 15-year supply deal with Victoria's state...
NZ guest nights flat in July after Lions Tour peak in 2017
By Sophie Boot Sept. 12 (BusinessDesk) - New Zealand guest nights were flat in July as international visitor numbers fell from last year's peak during the Lions rugby tour, Statistics New Zealand said. Total guest nights rose to 2.7 million, up 0.1 percent from July last ye...
MARKET CLOSE: NZ shares up 2% as energy stocks rally on expert report; A2, Fisher & Paykel Health gain
By Sophie Boot Sept. 11 (BusinessDesk) - New Zealand shares rose strongly in busy trading, led by A2 Milk Co and Contact Energy. Energy stocks gained on the release of a sector report which allayed fears of tighter regulation. The S&P/NZX50 Index gained 176.94 points, or 2...
