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MARKET CLOSE: NZ shares down, led lower by A2 and Z
By Sophie Boot July 19 (BusinessDesk) - New Zealand shares dropped, led lower by A2 Milk Co and Z Energy, while Trustpower and Summerset gained. The S&P/NZX50 Index fell 28.5 points, or 0.3 percent, to 8,917.59. Within the index, 23 stocks rose, 19 fell and eight were uncha...
NZ dollar falls against Aussie on strong jobs data across Tasman
By Rebecca Howard July 19 (BusinessDesk) - The New Zealand dollar fell against its Australian counterpart after stronger-than-expected jobs data across the Tasman indicated growing momentum in the labour market. The kiwi traded at 91.41 Australian cents as at 5pm from 91.8...
CORRECT: LIC's FY net profit tumbles on one-offs but revenue reaches record
(Fixes year-earlier underlying earnings figure, clarifies one-off costs in 2nd paragraph) By Rebecca Howard July 19 (BusinessDesk) - Livestock Improvement Corp, the dairy herd genetics cooperative, reported a 55 percent drop in full-year net profit on higher restructuring c...
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