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MARKET CLOSE: NZ shares edge up; Spark, Arvida gain while Scales, Fisher & Paykel fall
By Sophie Boot May 28 (BusinessDesk) - New Zealand shares edged higher, led by Spark New Zealand and Arvida Group, while Scales Corp and Fisher & Paykel Healthcare weakened. The S&P/NZX50 Index gained 6.8 points, or 0.08 percent, to 8,645.2. Within the index, 21 stocks rose...
NZ dollar gains as global political uncertainty weighs on greenback
By Paul McBeth May 28 (BusinessDesk) - The New Zealand dollar rose amid heightened geopolitical uncertainty with the prospect of Spain and Italy going back to the polls, continuing trade talks between the US and China, and an unclear outcome on whether the US will meet with No...
Scales shares sink 6.2% as managing director Borland trims stake
By Paul McBeth May 28 (BusinessDesk) - Scales Corp shares dropped 6.2 percent as managing director Andy Borland halved his stake in the NZX-listed agribusiness with the shares trading near a record high. The stock fell 30 cents to $4.55, having hit a record $5 earlier this...
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