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MARKET CLOSE NZ shares rise to a record, Pumpkin Patch leads gains after returning to annual profit
By Tina Morrison Sept. 27 (BusinessDesk) - New Zealand shares advanced, pushing the NZX 50 Index to a new record, led by children’s clothing retailer Pumpkin Patch which posted a return to annual profit following a loss the previous year as it restructures its business. The NZ...
Fletcher Building faces probe into plasterboard supply deals
Sept. 27 (BusinessDesk) - Fletcher Building, the biggest listed company in New Zealand, faces a probe into potentially anti-competitive behaviour in its plasterboard supply arrangements. The Auckland-based company has today been advised that the competition watchdog, the Comme...
Genesis mothballs second Huntly unit earlier than expected
By Pattrick Smellie Sept. 27 (BusinessDesk) – Genesis Energy is to mothball the second of four generating units at its ageing Huntly power station more than a year earlier than previously signalled as flat demand and a surge in new, lower cost generation has made it surplus to...
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