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MARKET CLOSE NZ shares extend rally; Mainfreight, Diligent at records
Dec. 20 (BusinessDesk) – New Zealand shares rose to a new five-year high, as foreign investors were drawn to the nation’s relatively attractive returns and cheered the expansion plans of companies such as SkyCity Entertainment Group. Mainfreight and Diligent Board Members Servic...
NZ dollar falls as economic growth misses estimates, fiscal cliff talks drag
By Paul McBeth Dec. 20 (BusinessDesk) - The New Zealand dollar fell after figures showed the economy grew less than expected in the third quarter, while US policymakers appear bogged near the finish line on talks to avert US$600 billion of automatic tax hikes and spending cuts....
Smiths City posts 2.6 percent gain in 1H profit in difficult trading conditions
Dec. 20 (BusinessDesk) – Smiths City Group, the Christchurch-based department store operator, posted a 2.6 percent gain in first-half profit saying retail conditions are difficult, especially for consumer electronics. Profit was $1.69 million in the six months ended Oct. 31, fr...