MARKET CLOSE: NZX 50 mixed at the start of election week; NZ Refining, Air NZ fall on pipeline leak
By Sophie Boot Sept. 18 (BusinessDesk) - New Zealand shares were little changed at the start of election week. New Zealand Refining and Air New Zealand dropped following a pipeline leak, while A2 Milk Co rose. The S&P/NZX 50 Index fell 3.95 points, or 0.05 percent, to 7,758...
NZ services sector expands in August, composite index shows 4% annual GDP growth
By Sophie Boot Sept. 18 (BusinessDesk) - New Zealand's services sector, which accounts for about two-thirds of the economy, gained in August, though employment dropped back. The BNZ-BusinessNZ performance of services index rose 1.3 points to a seasonally adjusted 57.3 last...
MARKET CLOSE: NZ shares fall in busy trade, A2 Milk, Heartland decline while Comvita, Scales gain
By Sophie Boot Sept. 15 (BusinessDesk) - New Zealand shares dropped, led lower by A2 Milk and Heartland Bank, with Comvita and Scales Corp rising. The S&P/NZX50 Index fell 56.57 points, or 0.7 percent, to 7,762.66. Within the index, 29 stocks fell, 17 rose and four were unc...
Southern Cross surplus sinks 81% on rising payouts
By Sophie Boot Sept. 15 (BusinessDesk) - Southern Cross Medical Care Society, the not-for-profit health insurer, saw its annual surplus drop 81 percent as an increase in claims outpaced rising premiums. The Auckland-based mutual posted a surplus of $6.8 million, down from $...
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