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Kathmandu shares surge as investors take shine to Australian sales growth
By Suze Metherell March 24 (BusinessDesk) – Shares in Kathmandu Holdings’ jumped 8.4 percent, making them the best performer on New Zealand’s benchmark stock index today, as investors looked past the impact of the high kiwi dollar on first-half earnings to see sales growth in Au...
Greymouth liquidation bid an unattractive attempt to extort settlement terms, judge says
By Pattrick Smellie March 24 (BusinessDesk) – An attempt to have the Court of Appeal order the liquidation of Greymouth Petroleum was described by one of the three judges hearing the appeal as a tactic to “extort” the best possible price in the court-ordered sale of shares by mi...
NZ Dollar Outlook Kiwi may struggle for direction this week on light data
By Tina Morrison March 24 (BusinessDesk) – The New Zealand dollar may struggle for direction this week, reflecting the limited amount of new data for markets to digest. The local currency may trade between 84 US cents and 87 cents this week, from 85.40 cents at 8am, according...
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