Nikko's Williams warns NZ shares are "expensive"
By Sophie Boot April 6 (BusinessDesk) - Nikko Asset Management's head of equities Stuart Williams has warned New Zealand's share market is overly expensive though he acknowledged that yield has held up. Speaking at the company's 2016 Investment Summit today, Williams justif...
MARKET CLOSE: NZ shares drop, led by ANZ, Westpac
By Sophie Boot April 1 (BusinessDesk) - New Zealand shares fell, dragged down by dual-listed Australia & New Zealand Banking Group and Westpac Banking Group and softness in prices for several leading New Zealand stocks. The S&P/NZX 50 lost 44.4 points, or 0.7 percent, to 6...
Kirkcaldie directors recommend shareholders reject Brierley takeover offer
By Sophie Boot April 1 (BusinessDesk) - Kirkcaldie & Stains' directors have recommended shareholders reject veteran corporate raider Ron Brierley's takeover offer, saying Brierley has offered too little for the shares. Brierley's Mercantile NZ vehicle is the third-largest s...
Construction begins on Hawaiki trans-Pacific internet cable
By Sophie Boot April 1 (BusinessDesk) - Construction has begun on a new trans-Pacific high-speed internet cable linking New Zealand to Australia and the United States. Hawaiki Cable announced its contract with TE SubCom, the company building the 14,000 kilometre cable, had...
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