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NZ sharemarket rises as US Fed slashes rates
Markets Market close

NZ sharemarket rises as US Fed slashes rates

The S&P/NZX 50 Index closed at 12,12,665, up 78.02 points or 0.62%.

Economy

Fees-fed KiwiSaver funds ignoring VC

Investable university and CRI commercial ventures are harder to find, too.

Fees-fed KiwiSaver funds ignoring VC
Primary Sector

The man leading Synlait Milk’s recovery

George Adams says he's quite happy to have a beer with co-founder John Penno.

The man leading Synlait Milk’s recovery
Markets Market close

NZ sharemarket down 1.9% for the week

The S&P/NZX 50 Index closed at 12,586.98, down 84.97 points or 0.67%.

Graham Skellern 18 Sep 2024
NZ sharemarket down 1.9% for the week
Markets

Turners Automotive’s big bet on growth

$3 billion up for grabs in fragmented vehicle repair market, Turners tells shareholders.

Turners Automotive’s big bet on growth
Primary Sector

'Watershed' $217m Synlait vote passes

Minority shareholders take their lumps as Bright Dairy takes more than 65% of dairy firm.

'Watershed' $217m Synlait vote passes
Primary Sector

Fonterra to invest another $150m in Taranaki coolstore

The site produces a fifth of Fonterra’s New Zealand production. 

Rebecca Howard 18 Sep 2024
Fonterra to invest another $150m in Taranaki coolstore
Primary Sector

Its 'dead rat' day for Synlait shareholders

Struggling dairy company needs major cash injection from its two largest shareholders.

Its 'dead rat' day for Synlait shareholders
Economy

A 50bps cut by the Fed will give the kiwi wings

The Federal Open Market Committee's decision in the US is a line-ball call.

Rebecca Howard 18 Sep 2024
A 50bps cut by the Fed will give the kiwi wings
Markets

ForBarr rates Manawa deal’s chances at 50/50

Manawa's chair says recent high prices have 'nothing to do with competition'.

Pattrick Smellie 18 Sep 2024
ForBarr rates Manawa deal’s chances at 50/50