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MARKET CLOSE NZ shares rise, led by Air NZ, Infratil, NZOG on ECB optimism
By Hannah Lynch Sept. 6 (BusinessDesk) - New Zealand shares rose, led by Air New Zealand, Infratil and NZ Oil & Gas on optimism the European Central Bank is going to act to support the European economy, helping underpin demand for so-called growth assets. The NZX 50 Index rose...
Briscoe lifts 1H profit, dividend, forecasts gain in annual earnings
Sept. 6 (BusinessDesk) - Briscoe Group, the homeware and sports goods retailer, posted a 29 percent gain in first-half profit and forecast an improved full-year result, saying it has widened margins and lifted sales in the face of subdued consumer confidence. Profit rose to $13...
Vodafone updates TelstraClear takeover, outlines savings
By Paul McBeth Sept. 6 (BusinessDesk) - Vodafone New Zealand, the country's biggest mobile phone operator, has outlined where it expects cost savings in its $840 million acquisition of Telstra Corp's local unit in an updated notice to the anti-trust regulator. The Auckland-bas...
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