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MARKET CLOSE: NZ shares mixed, Spark and Air NZ gains while A2 Milk drops
By Sophie Boot June 16 (BusinessDesk) - New Zealand shares were mixed amidst Brexit concerns; Spark New Zealand and Air New Zealand gained, while A2 Milk dropped. The S&P/NZX 50 Index rose 19 points, or 0.3 percent, to 6,888.56. Within the index, 26 stocks fell, 15 rose and...
NZ dollar gains as economic growth reduces prospects of rate cut
By Jonathan Underhill June 16 (BusinessDesk) - The New Zealand dollar gained after figures showed the economy grew faster than the Reserve Bank had forecast in the first quarter, giving it less reason to cut interest rates again. The kiwi dollar traded at 70.78 US cents as...
Artificial pollinator that could boost kiwifruit orchard returns wins Fieldays Innovation award
By Fiona Rotherham June 16 (BusinessDesk) - A pollination device that has the potential to significantly lift orchardgate returns for the kiwifruit industry has won the Launch NZ Innovation award at this year’s Fieldays. The award, for products being launched on the market...
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