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MARKET CLOSE: NZ shares follow Asian markets lower after 'pretty good' earnings season; Sky falls
By Paul McBeth March 1 (BusinessDesk) - New Zealand shares joined a regionwide sell-off with Asian equity markets following Wall Street lower as global investors second-guess the outlook for US interest rates, and as local analysts absorb a "pretty good" earnings season. Sky N...
Retirement village operators Metlifecare, Ryman lobby for foreign buyer exemption
By Sophie Boot March 1 (BusinessDesk) - Listed retirement village operators Metlifecare and Ryman Healthcare say they want to be exempted from proposed changes to foreign investment rules which will deem them offshore companies requiring Overseas Investment Office clearance to...
A2 shines, Fletcher disappoints in earnings season for high-priced NZ stock market
By Rebecca Howard March 1 (BusinessDesk) - A2 Milk was the standout performer in New Zealand's latest earnings season, posting a jump in profit and a new partnership that went some way to justifying its stratospheric shares. But for other companies on the NZX 50 Index, their r...