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Retail funds, capital-raising fees help Craigs double profit in 'difficult' market
By Jonathan Underhill June 7 (BusinessDesk) - Craigs Investment Partners more than doubled its profit last year as the brokerage half owned by Deutsche Bank benefited from KiwiSaver inflows and reaped fees from equity and debt capital raisings. Profit rose to $5.3 million in ca...
MARKET CLOSE: NZ shares rally, paced by Fletcher, Nuplex on Australian growth
June 06 (BusinessDesk) - New Zealand shares rose after economic growth in Australia, the nation’s biggest trading partner, beat estimates and prices of dairy products rebounded from a three-year low. Fletcher Building, Nuplex Industries and Kathmandu paced the rally. The NZX 50...
NZ dollar falls vs. Australia’s currency after Australia posts robust GDP
By Hannah Lynch June 06 (BusinessDesk) - The New Zealand dollar fell versus the Australian dollar after the nation’s biggest trading partner posted first-quarter gross domestic product that grew more than twice the pace economists had predicted. The New Zealand dollar fell to...
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