MARKET CLOSE: NZ shares outperform weaker global markets
By Dan Brunskill | Fri, 29 May 2020
New Zealand shares edged higher today as positive earnings counterbalanced a weak lead from Wall Street as investors eyed escalating US-China tensions. The S&P/NZX 50 Index rose 25.72 points, or 0....
NZ dollar rises despite trepidation about Trump's planned China comments
By Jenny Ruth | Fri, 29 May 2020
The New Zealand dollar rose on end-of-month book squaring and despite some trepidation about what US President Donald Trump will say about China in a planned announcement later today. The kiwi was...
Gentrack expects better 2nd half after 1H loss
By Dan Brunskill | Fri, 29 May 2020
Gentrack said the coronavirus crisis is starting to bite its airport and utility customers but it still expects a better second half. The utility-software company today reported a 7 percent revenue...
Rakon's board to discuss sell proposal later today
By Jenny Ruth | Fri, 29 May 2020
Rakon chair Bruce Irvine said the board will "consider the matters" raised in a letter from shareholders owning 14 percent asking that the company be put up for sale at a meeting later today. "The...
Tower signals 108 job losses as looming recession threatens growth
By Paul McBeth | Fri, 29 May 2020
Tower is considering laying off 108 staff as it battens down the hatches ahead of the looming recession. The general insurer reported a 12.9 percent drop in underlying earnings to $16.9 million in...