MARKET CLOSE: NZ shares fall on nuclear fears, F&P Healthcare and Sky TV drop while Hallensteins rallies
By Sophie Boot Aug. 11 (BusinessDesk) - New Zealand shares were dragged lower by global nuclear tension with Fisher & Paykel Healthcare and Sky Network Television hit hardest while Hallenstein Glasson Holding rose on positive earnings. The S&P/NZX50 Index dropped 70.60 poin...
NZX50 drops 1% as North Korean tension escalates, local uncertainty rises
By Sophie Boot Aug. 11 (BusinessDesk) - The New Zealand benchmark stock index dropped 1 percent this morning as fear about nuclear tensions between North Korea and the United States dragged global equities down. An hour after trading opened this morning, the S&P/NZX50 index...
NZ house prices edge up in July; REINZ calls for looser LVR rules on sales slump
By Sophie Boot Aug. 11 (BusinessDesk) - New Zealand house prices increased in July, however, the Real Estate Institute still wants first-home buyers carved out from mortgage lending restrictions in the face of shrinking sales numbers. The REINZ house price index was unchang...
MARKET CLOSE: NZ shares mixed, NZOG gains on takeover while CBL, Goodman Property drop
By Sophie Boot Aug. 10 (BusinessDesk) - New Zealand shares were mixed, with New Zealand Oil & Gas gaining on a partial takeover offer while CBL Corp and Goodman Property Trust fell. The S&P/NZX50 Index fell 9.93 points, or 0.1 percent, to 7,789.71. Within the index, 21 stoc...
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