MARKET CLOSE: NZ shares rise; Port of Tauranga, Meridian gain, Z Energy drops on inquiry threat
By Sophie Boot Feb. 1 (BusinessDesk) - New Zealand shares gained slightly, treading water ahead of an earnings season where analysts are expecting weaker growth. Port of Tauranga and Meridian Energy gained while Z Energy dropped. The S&P/NZX50 Index rose 4.76 points, or 0.0...
Wellington Drive shares jump 10% on ebitda profit, revenue lift in 2016
By Sophie Boot Feb. 1 (BusinessDesk) - Wellington Drive Technologies, which makes energy efficient motors for commercial refrigerators, posted its first profit before interest, tax, depreciation and amortisation (ebitda) after lifting revenue 44 percent in 2016. Revenue ros...
Strong house price gains to continue in 2017, says QV
By Sophie Boot Jan. 31 (BusinessDesk) - New Zealand residential property values continued to rise in January, with strong growth in regional towns close to main centres like Auckland, Wellington and Queenstown, with property set to keep attracting foreign buyers. The averag...
MARKET CLOSE: NZ shares fall; Meridian, Warehouse, Air NZ decline as global equities slide
By Sophie Boot Jan. 31 (BusinessDesk) - New Zealand shares fell, joining a global selloff as US President Donald Trump spooked markets with his ad hoc policy decisions. Meridian Energy, Warehouse Group and Air New Zealand declined. The S&P/NZX50 Index dropped 34.8 points,...
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