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Wrightson shares hit 14-month high after profit upgrade gets nod of approval
By Paul McBeth Aug. 2 (BusinessDesk) - PGG Wrightson shares rose to their highest level since May last year after First NZ Capital analysts followed the company's profit upgrade yesterday by raising their price target for the stock. The shares rose 6.4 percent to 50 cents,...
MediaWorks appoints oOh! Media's Anderson as CEO; CFO Chalmers moves to Spark
By Paul McBeth Aug. 2 (BusinessDesk) - MediaWorks Investments has hired oOh! Media chairman Michael Anderson to lead the free-to-air broadcaster, replacing Mark Weldon who left the company in May citing the "personal cost" of the role being "too high". Anderson will join t...
NZ dollar rises to 3-week high vs. Australian dollar on bets for RBA rate cut
By Jonathan Underhill Aug. 2 (BusinessDesk) - The New Zealand dollar rose to a three-week high against the Australian dollar amid expectations the Reserve Bank of Australia will cut its cash rate to a record low 1.5 percent today, boosting the relative appeal of the kiwi. T...
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