MARKET CLOSE: NZ shares down, Westpac and A2 drop while NZ Refining gains on throughput margins
By Sophie Boot Jan. 18 (BusinessDesk) - New Zealand shares fell, with volumes still low. Westpac Banking Corp, A2 Milk Co and Tegel Group Holdings all dropped though New Zealand Refining Co gained. The S&P/NZX 50 Index dipped 3.7 points, or 0.1 percent, to 7,059.28. Within...
Liz Coutts named as new chair of Skellerup
By Sophie Boot Jan. 18 (BusinessDesk) - Liz Coutts has taken over as chair of industrial rubber goods maker Skellerup Holdings, with Selwyn Cushing stepping down after 10 years in the role. Coutts has been on the board since 2002 and chairs Skellerup's audit and risk manag...
MARKET CLOSE: NZ shares down, Air NZ and Vector fall, as markets mixed ahead of May's Brexit speech and Trump inauguration
By Sophie Boot Jan. 17 (BusinessDesk) - New Zealand shares dipped, led lower by Air New Zealand and Vector, with Arvida Group and Tegel Group Holdings rising. The S&P/NZX50 Index fell 11.98 points, or 0.2 percent, to 7,062.96. Within the index, 23 stocks fell, 20 rose and s...
Postr raises $3 million from NZVIF, Singapore-based investors to fund expansion into Asia
By Sophie Boot Jan. 17 (BusinessDesk) - Postr Media, an ad-tech company which has contracts with Skinny Mobile and Optus in Australia, has raised $3 million from investors including the New Zealand Venture Investment Fund in its first significant raising. The company builds...
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