MARKET CLOSE: NZ shares fall as Steel & Tube punished over quality issues, Z Energy gains
By Sophie Boot June 2 (BusinessDesk) - New Zealand shares fell as investors punished Steel & Tube Holdings for its recent issues over product quality while Z Energy advanced after the New Zealand Superannuation Fund most of its stake. The S&P/NZX 50 Index dropped 19.27 poin...
MARKET CLOSE: NZ shares fall; Steel & Tube, Fletcher down, Vital Healthcare up
By Sophie Boot June 1 (BusinessDesk) - New Zealand shares fell as Steel & Tube Holdings said it was the supplier of imported Chinese steel used in a roading development, while Fletcher Building and Metro Performance Glass also declined and Vital Healthcare gained. The S&P/N...
ExxonMobil NZ reports narrower loss in 2015, despite falling revenue and increasing refinery fees
By Sophie Boot June 1 (BusinessDesk) - The New Zealand division of ExxonMobil, the world's largest publicly traded international oil and gas company, narrowed its 2015 loss even as revenue dropped 15 percent and the company spent more on refinery fees. The local company's n...
Kirkcaldie board holds firm on Brierley bid after ditching lease
By Sophie Boot June 1 (BusinessDesk) - Kirkcaldie & Stains' directors reiterated their recommendation that shareholders reject veteran corporate raider Ron Brierley's takeover offer after raising their estimate for the cash that will be returned once lease commitments are exit...
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