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MARKET CLOSE NZ shares rise as Mainfreight earnings, Ebos purchase cheered
May 29 (BusinessDesk) – New Zealand shares rose after Mainfreight said it is working to lift its performance in Europe, Ebos raised funds for its bigger-ever acquisition and the Fonterra Shareholders’ Fund benefited from a higher payout forecast. The NZX 50 Index rose 10 points...
NZ dollar climbs above 84 Aust cts as Fonterra payout beats expectations
By Paul McBeth May 29 (BusinessDesk) - The New Zealand dollar rose above 84 Australian cents and will probably kick on further after Fonterra Cooperative Group upgraded its forecast payout to farmers by more than expected, and as construction work across the Tasman tapered off....
Ebos shares rise 1.5 percent after $1.1 bln Symbion acquisition
By Paul McBeth May 29 (BusinessDesk) - Shares of Ebos Group rose as much as 1.5 percent when trading resumed in the company’s stock, having announced a $1.1 billion acquisition of the Symbion pharmaceutical wholesaler and distributer in Australia. The stock immediately traded...