First NZ increases Airwork target price after RIFA takeover offer
By Sophie Boot Oct. 5 (BusinessDesk) - First NZ Capital has increased its target price for specialist aviation company Airwork Holdings in response to the takeover lock-up deed between China's Zhejiang Rifa Holding Group (RIFA) and Airwork's major shareholders. Announced ye...
Auckland house sales, price growth slower than usual in September, Barfoot says
By Sophie Boot Oct. 5 (BusinessDesk) - Auckland house sales didn't get the boost expected in spring, with price growth moderating, Barfoot & Thompson says. Sales rose 4.8 percent to 1,051 in September compared to August, but were down 23 percent from the same month a year e...
NZX cash trading climbs 14% in September, debt listings up by $1 billion
By Sophie Boot Oct. 5 (BusinessDesk) - Cash trading on the NZX increased last month continuing August's upward trend, as the benchmark S&P/NZX 50 index reached new records in September and new debt listings remained attractive in a low interest rate environment. The volume...
MARKET CLOSE: NZ shares falls as NZX declines on CEO exit; utilities Vector, Contact drop
By Sophie Boot Oct. 4 (BusinessDesk) - New Zealand shares fell in light trading, with NZX declining on news its chief executive Tim Bennett will leave the stock market operator at the end of the year, while utilities Vector and Contact Energy also dropped. The S&P/NZX 50 In...
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