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Kirkcaldie posts $6.5 mln annual loss on write-downs
By Paul McBeth Oct. 20 (BusinessDesk) - Kirkcaldie & Stains, the upmarket Wellington department store, sank back into the red after a series of write-downs, including the loss on the sale of its Harbour City Centre building, wiped out an operating profit in the year. The We...
MARKET CLOSE: NZ shares rebound as yield hunt returns, SkyCity, Merdian gain
By Suze Metherell Oct. 20 (BusinessDesk) - New Zealand shares rebounded from last week's drop, led by SkyCity Entertainment Group and Meridian Energy, as investors hunted reliable income in a volatile market. Xero extended its decline, dropping to a 16 month low. The NZX 50...
NZ dollar gains as rally in stocks show sell-off overdone
By Jonathan Underhill Oct. 20 (BusinessDesk) - The New Zealand dollar gained with equity markets across Asia on speculation investors who sent shares lower last week were too gloomy about the prospects for global growth. The kiwi rose to 79.45 US cents from 79.22 cents at t...
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