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NZ dollar gains after retail sales beats expectations
By Paul McBeth Aug. 14 (BusinessDesk) - The New Zealand dollar gained after government figures showed better-than-expected consumer spending in the second quarter, stoking optimism about the strength of the local economy. The kiwi rose as high as 84.88 US cents, trading at ...
Transpower reports first year in harness with big upgrades
By Pattrick Smellie Aug. 14 (BusinessDesk) - State-owned monopoly Transpower, operator of the national electricity grid, has reported an 18 percent drop in full-year profit, reflecting higher depreciation and interest costs following completion of major grid upgrades. Net p...
UPDATE: Pushpay jumps 50% in first trade as handful of shares change hands
(Updates with share price movement.) By Suze Metherell Aug. 14 (BusinessDesk) - Shares of Pushpay jumped as much as 50 percent as investors snapped up the handful of shares on offer after the mobile payment app company's compliance listing on the NZX Alternative Index. T...
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