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NZ dollar heads for 1 percent weekly fall as US economy eyed after Fed kyboshes tapering for now
By Paul McBeth Sept. 27 (BusinessDesk) - The New Zealand dollar is heading for a 1 percent weekly decline as investors stay glued to US economic data after the Federal Reserve put plans to taper its monetary stimulus programme on hold. The kiwi traded at 82.90 US cents at 5pm...
Postie Plus plunges deeper into the red with $11.6 mln loss, faces tight cash flow
By Paul McBeth Sept. 27 (BusinessDesk) - Postie Plus, the retailer whose shares are the worst performer on the NZX this year, plunged deeper into the red after its poorly executed outsourcing deal for a distribution centre in Mangere disrupted the business, and has left it rely...
MARKET CLOSE NZ shares rise to a record, Pumpkin Patch leads gains after returning to annual profit
By Tina Morrison Sept. 27 (BusinessDesk) - New Zealand shares advanced, pushing the NZX 50 Index to a new record, led by children’s clothing retailer Pumpkin Patch which posted a return to annual profit following a loss the previous year as it restructures its business. The NZ...
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