MARKET CLOSE: NZ shares gain on A2, Synlait, Comvita bounce; Metro Glass falls
By Sophie Boot Nov. 2 (BusinessDesk) - New Zealand shares followed A2 Milk's recovery upwards today, with Synlait Milk and Comvita also bouncing while Metro Performance Glass continued its downward trajectory. The S&P/NZX50 Index gained 29.25 points, or 0.4 percent, to 8,08...
Metro Glass shares hit record low as senior manager quits
By Sophie Boot Nov. 2 (BusinessDesk) - Metro Performance Glass shares fell to a record low, dropping 4.3 percent to 90 cents, as a member of the senior management team leaves. Grant Davies, investment advisor at Hamilton Hindin Greene, said the company had disappointed the...
Allied Farmers unsure about the year ahead with weak first-quarter livestock sales
By Sophie Boot Nov. 2 (BusinessDesk) - Allied Farmers' first-quarter livestock earnings fell, although the rural services firm says it's too early to say whether it will recover by the end of the current half or the financial year. Earnings in the three months ended Sept. 3...
'Frenzy' goes out of NZ housing market as investors subside, banks tighten lending: QV
By Sophie Boot Nov. 2 (BusinessDesk) - New Zealand property value growth slowed to an annual pace of 3.9 percent in October as inflated Auckland house prices fell for the first time in six years. The QV house price index posted the lowest rate of annual growth since June 20...
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