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MARKET CLOSE: NZ shares fall as yield plays ease from records
By Paul McBeth July 1 (BusinessDesk) - New Zealand shares fell as several energy and infrastructure firms eased from all-time highs in a quiet start to the September quarter. The S&P/NZX 50 Index decreased 36.57 points, or 0.3 percent, to 10,464.53. Within the index, 32 st...
NZ dollar pushes higher against Aussie ahead of RBA decision
By Rebecca Howard July 1 (BusinessDesk) - The kiwi dollar rose against its trans-Tasman counterpart ahead of the Reserve Bank of Australia’s rate decision tomorrow but the gains were tempered by weak data out of China. The kiwi was trading at 95.76 Australian cents at 5pm i...
Mild weather trims Orion's full-year profit
By Gavin Evans July 1 (BusinessDesk) - Orion New Zealand, the country’s third-largest power distributor, says full-year profit was about $2.5 million lower than target due to mild weather and a tough year for the firm’s Connetics contracting arm. The company, owned by the C...
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