MARKET CLOSE: NZ stocks hit record, led by A2 Milk, Metlifecare and Meridian Energy
By Sophie Boot Sept. 7 (BusinessDesk) - New Zealand shares rose to another record high, driven by investors seeking dividend income, with A2 Milk continuing its bounce and Meridian Energy at an all-time high. The S&P/NZX 50 Index gained 67.56 points, or 0.9 percent, to 7,5...
Waikato Networks buys out Crown's holding in Ultrafast Fibre for $189 million
By Sophie Boot Sept. 7 (BusinessDesk) - A WEL Networks subsidiary has bought the government's majority shareholding in Ultrafast Fibre for $189 million, giving WEL and its strategic partner Waipa Networks 100 percent ownership of the central North Island's fibre company. Th...
Metlifecare looks to buy at least one new village in 2017 to meet rising demand
By Sophie Boot Sept. 7 (BusinessDesk) - Metlifecare expects to buy at least one new site in the 2017 financial year to accelerate its development programme and make the most of growing demand in the retirement village sector. In an investor update to the NZX this morning, c...
MARKET CLOSE: NZ shares rise, led by A2 Milk's rebound after results losses
By Sophie Boot Sept. 6 (BusinessDesk) - New Zealand shares reached a fresh record despite a lack of corporate news, with A2 Milk Co, Ebos Group and Contact Energy leading the index higher. The S&P/NZX50 Index rose 11.5 points, or 0.2 percent, to 7,503.53. Within the index,...
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