MARKET CLOSE: NZ shares gain, led by Steel & Tube and Synlait earnings, Auckland Airport drops
By Sophie Boot Aug. 12 (BusinessDesk) - New Zealand shares hit a fresh high led by positive earnings from Synlait Milk and Steel & Tube Holdings, while Auckland International Airport fell. The S&P/NZX 50 Index rose 9.27 points, or 0.1 percent, to 7,363.1. Within the index,...
Sweeter film subsidy lured $88 million Disney movie to New Zealand, makers say
By Sophie Boot Aug. 12 (BusinessDesk) - The makers of "Pete's Dragon" say the 5 percent production grant available on top of an existing 20 percent incentive in New Zealand drove their decision to base the $88 million Disney feature film here. Pete's Dragon is a remake of a...
MARKET CLOSE: Kathmandu leads the NZX 50 higher on positive US sentiment
By Sophie Boot Aug. 8 (BusinessDesk) - New Zealand shares rallied with global markets after positive leads from the US, with the local market led by Kathmandu Holdings and Australia & New Zealand Banking Group. The S&P/NZX50 Index rose 39.88 points, or 0.6 percent, to 7,348...
Ngatata Love taken to hospital during fraud trial
By Sophie Boot Aug. 8 (BusinessDesk) - Former Maori leader Ngatata Love has been taken to hospital as his fraud trial entered its second week. Love, who was made a Principal Companion of the New Zealand Order of Merit for his services to Maori in 2008, is charged with obtai...
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