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MARKET CLOSE: NZ shares dragged lower by Fletcher Building on B+I writeoffs

MARKET CLOSE: NZ shares dragged lower by Fletcher Building on B+I writeoffs

By Sophie Boot Feb. 14 (BusinessDesk) - New Zealand shares were mixed as Fletcher Building plunged 9.3 percent after the company unveiled further provisions at Building + Interiors (B+I) that bring two-year losses at the unit to $952 million.  The S&P/NZX50 Index fell 63.42...

Sophie Boot 14 Feb 2018
NZ dollar rises on growing inflation expectations, US CPI looms

NZ dollar rises on growing inflation expectations, US CPI looms

By Rebecca Howard Feb. 14 (BusinessDesk) - The New Zealand dollar rose after the Reserve Bank's survey of expectations showed firms are predicting inflationary pressures, and ahead of US inflation which may offer a steer on the Federal Reserve's interest rate track.  The ki...

Rebecca Howard 14 Feb 2018
Tilt bids for Victorian supply contract using proposed A$600M Dundonnel wind farm

Tilt bids for Victorian supply contract using proposed A$600M Dundonnel wind farm

By Paul McBeth Feb. 14 (BusinessDesk) - Tilt Renewables is bidding for a 15-year power contract with the Victorian state government and would use both new equity and debt to build an A$600 million, 80-turbine wind farm to supply the renewably-sourced electricity. The Auckla...

Paul McBeth 14 Feb 2018
Robertson confident in NZ economy, rate track despite high private sector debt

Robertson confident in NZ economy, rate track despite high private sector debt

Sophie Boot 14 Feb 2018
NZ firms lift 2-year inflation expectations, some signs of life in wage growth

NZ firms lift 2-year inflation expectations, some signs of life in wage growth

Rebecca Howard 14 Feb 2018
Investors have 4-month wait for 'new-look' Fletcher Building that may shed B+I

Investors have 4-month wait for 'new-look' Fletcher Building that may shed B+I

Jonathan Underhill 14 Feb 2018
Genesis Energy irks greenies with plans to keep burning coal until 2030

Genesis Energy irks greenies with plans to keep burning coal until 2030

Rebecca Howard 14 Feb 2018
IAG's first-half NZ earnings soar 231% as lack of quakes keeps claims low

IAG's first-half NZ earnings soar 231% as lack of quakes keeps claims low

Paul McBeth 13 Feb 2018
NZ food prices rise at 0.8% annual rate in January, slowest gain in nine months

NZ food prices rise at 0.8% annual rate in January, slowest gain in nine months

Tina Morrison 13 Feb 2018
Independent panel warns govt salmon industry will struggle with public resentment

Independent panel warns govt salmon industry will struggle with public resentment

Sophie Boot 13 Feb 2018
UPDATE: Genesis Energy lifts 1H earnings 28% on demand for wholesale electricity

UPDATE: Genesis Energy lifts 1H earnings 28% on demand for wholesale electricity

Rebecca Howard 13 Feb 2018
UPDATE: Fletcher stock drops 13% as Norris steps down, B+I provision increased by $486M

UPDATE: Fletcher stock drops 13% as Norris steps down, B+I provision increased by $486M

Jonathan Underhill 13 Feb 2018
CBL to exit problematic French unit, takes action against SFS vendors

CBL to exit problematic French unit, takes action against SFS vendors

Paul McBeth 13 Feb 2018
Synlait Milk inks new higher volume supply deal with Bright Dairy

Synlait Milk inks new higher volume supply deal with Bright Dairy

Tina Morrison 13 Feb 2018
FIRST CUT: Genesis first-half earnings gain as dry summer boosts wholesale unit, Kupe beds in

FIRST CUT: Genesis first-half earnings gain as dry summer boosts wholesale unit, Kupe beds in

Paul McBeth 13 Feb 2018
NZ dollar gains as inflation comes into focus, greenback falls

NZ dollar gains as inflation comes into focus, greenback falls

Jonathan Underhill 13 Feb 2018
While you were sleeping: Eyes on US consumer prices, retail sales

While you were sleeping: Eyes on US consumer prices, retail sales

Margreet Dietz 13 Feb 2018
NZ dollar falls vs Aussie, recovers vs US$ out of favour ahead of CPI

NZ dollar falls vs Aussie, recovers vs US$ out of favour ahead of CPI

Rebecca Howard 13 Feb 2018
MARKET CLOSE: NZ shares rise; Vital Health, A2 Milk, Tower gain

MARKET CLOSE: NZ shares rise; Vital Health, A2 Milk, Tower gain

Sophie Boot 13 Feb 2018
Robertson promises to deliver NZ's first 'wellbeing' budget, based on Treasury framework

Robertson promises to deliver NZ's first 'wellbeing' budget, based on Treasury framework

Jonathan Underhill 13 Feb 2018
Supreme Court dismisses Hagaman defamation appeal, orders costs payment to Little

Supreme Court dismisses Hagaman defamation appeal, orders costs payment to Little

Sophie Boot 13 Feb 2018
Stiassny hangs up corporate undertaker hat with KordaMentha exit

Stiassny hangs up corporate undertaker hat with KordaMentha exit

Sophie Boot 12 Feb 2018
English to resign as leader of National, leave parliament on Feb. 27

English to resign as leader of National, leave parliament on Feb. 27

Sophie Boot 12 Feb 2018
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