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NZ dollar pares gain as investors sell into risk rally amid signs of China slowing
By Paul McBeth Feb. 25 (BusinessDesk) - The New Zealand dollar pared gains in local trading after an upbeat Northern Hemisphere session when equity markets rallied and fears over tensions in Ukraine eased. The kiwi fell to 83.30 US cents at 5pm in Wellington from 83.88 cents...
PGG Wrightson posts 24 percent gain in operating income on strong sales across the board
By Suze Metherell Feb. 25 (BusinessDesk) – PGG Wrightson reported an operating earnings gain of 24 percent in the first-half as the rural services firm controlled by China’s Agria Corp achieved growth in all its business units except wool. The shares jumped 6 percent to 44 cent...
Freightways’ Bracewell remains positive on mail as NZ Post fires posties
By Suze Metherell Feb. 25 (BusinessDesk) – Freightways managing director Dean Bracewell says he is upbeat about the prospects for his mail operations, seeing growth in niches such as overnight deliveries to businesses in a market where dominant player New Zealand Post is downsiz...
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