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Pyne Gould Corp plans to exit NZ, seek London listing

Pyne Gould Corp plans to exit NZ, seek London listing

By Tina Morrison Nov 14 (BusinessDesk) – Pyne Gould Corp, the asset management firm controlled by George Kerr, plans to exit New Zealand and shift its listing to the London Stock Exchange in the first half of next year, saying it offers better growth prospects. The company is i...

13 Nov 2013
NZ dollar advances in tight trading range

NZ dollar advances in tight trading range

By Tina Morrison Nov 14 (BusinessDesk) – The New Zealand dollar advanced in a tight trading range as investors mull the outlook for monetary stimulus in the US, and ahead of local economic data which is expected to show a strengthening economy. The kiwi rose to 82.55 US cents a...

13 Nov 2013
While you were sleeping Shares of Macy's jump

While you were sleeping Shares of Macy's jump

By Margreet Dietz Nov. 14 (BusinessDesk) - Shares of Macy's soared, last up 9.5 percent, after the department store chain reported third-quarter profit that exceeded expectations and expressed confidence about the outlook. “Our business improved during the quarter, with particu...

13 Nov 2013