MARKET CLOSE: NZ shares mixed; Sky TV, Fletcher gain while Spark, Ebos go ex-dividend
By Sophie Boot March 15 (BusinessDesk) - New Zealand shares were mixed, with Fletcher Building and Sky Network Televisionreboudning after recent selling and companies including Spark New Zealand and Ebos Group shedding their rights to dividends. The S&P/NZX 50 Index gained...
Lyttelton Port workers to resume strike next week after mediation fails, union says
By Sophie Boot March 15 (BusinessDesk) - Members of the Rail and Maritime Transport Union will recommence striking at Lyttelton Port next Tuesday after mediation today failed, the union said. Port company management and the union were unable to resolve disputes around pay a...
MARKET CLOSE: NZ shares drop on weak offshore leads, Sky TV and NZ Refining fall on dividends
By Sophie Boot March 14 (BusinessDesk) - New Zealand shares fell, on weak offshore leads and local stocks giving up dividend rights, with Sky Network Television, New Zealand Refining Co and Mercury New Zealand declining. The S&P/NZX50 Index dropped 40.51 points, or 0.5 perc...
Local Government Funding Agency monitors international bond buying closely as global rates rise
By Sophie Boot March 14 (BusinessDesk) - Local Government New Zealand's funding body is closely monitoring investment in its bonds as US Treasury yields increase, with concerns borrowing costs may rise if foreign investment demand drops off. The Local Government Funding Age...
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