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MARKET CLOSE: NZ shares drop from record, Meridian falls on dividend
By Suze Metherell Sept. 26 (BusinessDesk) - New Zealand shares fell, as the NZX 50 Index dropped from a record in a global sell off as investors took the opportunity to crystallise the bourse's gains. Meridian Energy snapped six days of gains as it shed rights to its dividend....
NZ dollar heads for 2.8% slide vs greenback as Wheeler talks down kiwi, dairy payout cut
By Paul McBeth Sept. 26 (BusinessDesk) - The New Zealand dollar is heading for a 2.8 percent slide against the greenback this week after Reserve Bank governor Graeme Wheeler jawboned down the kiwi and Fonterra Cooperative Group cut its forecast payout to farmers, as global inv...
Pumpkin Patch turns to a loss in 2014, says benefits of changes will come in 2016
By Tina Morrison Sept. 26 (BusinessDesk) - Pumpkin Patch, the second-worst performing stock on the NZX All Index the past 12 months, turned to a loss in 2014 and signalled earnings are unlikely to improve for another year. The Auckland-based children's clothing chain posted...