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NZX trading halted on system glitch
By Suze Metherell June 10 (BusinessDesk) - Trading on the NZX has been halted for 20 minutes due to a system error. The stock market operator advised at 10:55 am that trading would halt across all boards and reopen again at 11:15 am. "All NZX Markets have been halted du...
Transpacific gains OIO approval for NZ unit sale to Beijing Capital
By Suze Metherell June 10 (BusinessDesk) - The Overseas Investment Office has approved the sale of the New Zealand waste management arm of Transpacific Industries to Beijing Capital Group. Chinese state-owned Beijing Capital spent $950 million on the New Zealand business, b...
Nuplex cuts earnings guidance a second time, cites ANZ margin squeeze, flat US result
By Jonathan Underhill June 10 (BusinessDesk) - Nuplex Industries cut its full-year earnings guidance for a second time, saying competition across its Australia and New Zealand business has squeezed margins for both resins and specialty chemicals. Earnings before interest, t...
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