MARKET CLOSE: NZ shares drop, led by Ebos, Tower and A2 Milk
By Sophie Boot Sept. 26 (BusinessDesk) - New Zealand shares fell in light trading, with Ebos Group, Tower and A2 Milk leading the index lower. The S&P/NZX 50 Index fell 31.88 points, or 0.4 percent, to 7,264.86. Within the index, 28 stocks rose, 17 fell and five were uncha...
Pyne Gould, Bath Street agree to drop High Court claims over Perpetual Trust sale
By Sophie Boot Sept. 26 (BusinessDesk) - Pyne Gould Corp and Bath Street Capital won't go to court over what's owed in relation to Pyne Gould's sale of Perpetual Trust. In September last year, Guernsey-based Pyne Gould said it was seeking damages of not less than $22 millio...
Energy Mad warns sales may drop as Australian carbon credits get cheaper
By Sophie Boot Sept. 26 (BusinessDesk) - Energy Mad has warned lower prices for carbon dioxide offsetting certificates in Australia mean its sales volumes are likely to drop. Most of the energy efficient light-bulb maker's business is selling LED bulbs to Australian state g...
NZ employment confidence rises in September, wage expectations still low
By Sophie Boot Sept. 26 (BusinessDesk) - New Zealanders grew more optimistic about employment prospects in the September quarter with confidence lifting across age groups, regions and income categories, although workers weren't so upbeat about wages growth. The Westpac-McD...
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