MARKET CLOSE: NZ shares rise as Fletcher remains in MSCI index
New Zealand shares gained as Fletcher Building and Mercury NZ rose on the back of their inclusion in the MSCI New Zealand Index. The S&P/NZX50 50 Index rose by 81.92 points, or 0.8 percent, to 10876.98. Within the index, 24 stocks rose, 20 fell, and six were unchanged. Turnov...
Warehouse transformation programme reaps benefits
The Warehouse Group says it continues to reap the rewards of its transformation programme as first-quarter sales improved by 4 percent from a year ago to $694.8 million. The latest result follows sales growth of 3.6 percent for the same quarter last year. Noel Leeming has...
Why TVNZ has to go local
TVNZ says the changing global TV landscape means it has to fork out on local programming in case its international providers opt to market their shows directly to consumers.Content director Cate Slater says the broadcaster now signs shorter contracts for international programmes...
RBNZ's warning to general insurers
The governor of the Reserve Bank of New Zealand has warned the wider insurance industry that regulators will be back for them following a damning report into the conduct of life insurers. Speaking at an industry event, Adrian Orr urged general insurers to have a look at themselve...
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