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MARKET CLOSE: NZ shares mixed; Sky TV, Fletcher fall, Synlait, Trade Me gain

MARKET CLOSE: NZ shares mixed; Sky TV, Fletcher fall, Synlait, Trade Me gain

By Sophie Boot Feb. 28 (BusinessDesk) - New Zealand shares were mixed, with Sky Network Television sinking to a ten-week low while Synlait Milk and Trade Me Group gained. The S&P/NZX 50 Index gained 13.44 points, or 0.2 percent, to 8,373.82. Within the index, 24 stocks fell...

Sophie Boot 28 Feb 2018
NZ dollar falls as Fed chair Powell's upbeat economic outlook prompts US rate rethink

NZ dollar falls as Fed chair Powell's upbeat economic outlook prompts US rate rethink

By Paul McBeth Feb. 28 (BusinessDesk) - The New Zealand dollar fell after Federal Reserve chair Jerome Powell's optimistic assessment of the US economy gave investors reason to second-guess their interest rate outlooks, pushing yields on US Treasuries higher and stoking demand...

Paul McBeth 28 Feb 2018
Tower settles with reinsurer Peak Re over policy dispute

Tower settles with reinsurer Peak Re over policy dispute

By Paul McBeth Feb. 28 (BusinessDesk) - Tower has reached a settlement with reinsurer Peak Re over a dispute relating to its 2015 adverse conditions cover, and will get about half what it's claimed.  Auckland-based Tower will receive $22 million of the $43.8 million claimed...

Paul McBeth 28 Feb 2018
Finney quits chief information officer role at Fletcher that was created by former CEO Adamson

Finney quits chief information officer role at Fletcher that was created by former CEO Adamson

Jonathan Underhill 28 Feb 2018
Mad Butcher sale fair to Veritas shareholders, avoids 'more dire' consquences, adviser says

Mad Butcher sale fair to Veritas shareholders, avoids 'more dire' consquences, adviser says

Paul McBeth 28 Feb 2018
Wellington Drive lines up first acquisition with option to buy iProximity for A$4.3m

Wellington Drive lines up first acquisition with option to buy iProximity for A$4.3m

Sophie Boot 28 Feb 2018
John Key, chair of ANZ Bank New Zealand, gets tapped for parent ANZ board

John Key, chair of ANZ Bank New Zealand, gets tapped for parent ANZ board

Jonathan Underhill 28 Feb 2018
Sky TV shares sink to two-month low as dividend cut disappoints investors

Sky TV shares sink to two-month low as dividend cut disappoints investors

Paul McBeth 28 Feb 2018
Vista shares climb on 57 gain in operating profit as sales grow faster than costs

Vista shares climb on 57 gain in operating profit as sales grow faster than costs

Nikki Mandow 28 Feb 2018
NZ business confidence stays low in first 2018 survey

NZ business confidence stays low in first 2018 survey

Sophie Boot 28 Feb 2018
CentrePort turns to 1H profit on earthquake recovery; signals chance of FY dividend

CentrePort turns to 1H profit on earthquake recovery; signals chance of FY dividend

Tina Morrison 27 Feb 2018
RBNZ wants to see bank directors taking greater ownership of disclosure

RBNZ wants to see bank directors taking greater ownership of disclosure

Paul McBeth 27 Feb 2018
TIL Logistics posts first-half loss on listing, acquisition costs, affirms full-year guidance

TIL Logistics posts first-half loss on listing, acquisition costs, affirms full-year guidance

Jonathan Underhill 27 Feb 2018
NZ annual net migration slows in January as student visas dip

NZ annual net migration slows in January as student visas dip

Sophie Boot 27 Feb 2018
Kiwi Property Group gives greenlight to $223M expansion of Sylvia Park

Kiwi Property Group gives greenlight to $223M expansion of Sylvia Park

Rebecca Howard 27 Feb 2018
Precinct Property 1H profit drops 55%, monitoring Fletcher Building's Commercial Bay work

Precinct Property 1H profit drops 55%, monitoring Fletcher Building's Commercial Bay work

Sophie Boot 27 Feb 2018
TVNZ beats full-year earnings targets in first six months

TVNZ beats full-year earnings targets in first six months

Pattrick Smellie 27 Feb 2018
Vector posts 26% drop in 1H net profit but reiterates full-year guidance

Vector posts 26% drop in 1H net profit but reiterates full-year guidance

Rebecca Howard 27 Feb 2018
Scales full-year profit falls 17% as prices dip, costs rise after adverse weather

Scales full-year profit falls 17% as prices dip, costs rise after adverse weather

Jonathan Underhill 27 Feb 2018
Trade Me posts flat 1H profit; warns FY18 profit will grow at a slower pace than FY17

Trade Me posts flat 1H profit; warns FY18 profit will grow at a slower pace than FY17

Tina Morrison 27 Feb 2018
Sky TV slashes prices to stem customer exodus; cuts dividend to meet challenges

Sky TV slashes prices to stem customer exodus; cuts dividend to meet challenges

Paul McBeth 27 Feb 2018
NZ Refining profit jumps 66%, declares $14.3M cost from pipeline rupture

NZ Refining profit jumps 66%, declares $14.3M cost from pipeline rupture

Pattrick Smellie 27 Feb 2018
NZ dollar falls as Fed's Powell talks up US economic oulook

NZ dollar falls as Fed's Powell talks up US economic oulook

Paul McBeth 27 Feb 2018
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