All News

MARKET CLOSE NZ shares mixed; Sky TV falls, retailers, Metlifecare gain

MARKET CLOSE NZ shares mixed; Sky TV falls, retailers, Metlifecare gain

Nov 25 (BusinessDesk) – New Zealand shares were mixed, with the NZX 50 Index falling though more stocks rose. Sky Network Television led decliners while Kathmandu led a bounce by some consumer companies and the sale of a stake in Metlifecare was concluded. The NZX 50 slipped 4.1...

25 Nov 2013
Dairy NZ’s Spaans joins Fonterra board, Bailey, Farrelly re-elected

Dairy NZ’s Spaans joins Fonterra board, Bailey, Farrelly re-elected

Nov. 25 (BusinessDesk) – Michael Spaans, a Waikato dairy farmer and director of Dairy NZ, has been elected to the board of Fonterra, while long-serving director Malcolm Bailey retained his spot, as did former banker Ian Farrelly. Spaans has formerly served on the Shareholders’...

25 Nov 2013
NZ dollar hits 5-yr high vs. AUD as growth revisions may paint rosier picture of local economy

NZ dollar hits 5-yr high vs. AUD as growth revisions may paint rosier picture of local economy

By Paul McBeth Nov. 25 (BusinessDesk) - The New Zealand dollar rose to a five-year high against its trans-Tasman counterpart as traders mulled the impact of revisions to the way gross domestic product is measured that may show faster growth in 2012 stemming from the Canterbury...

25 Nov 2013