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MARKET CLOSE: NZ shares rally, paced by Fletcher, Nuplex on Australian growth
June 06 (BusinessDesk) - New Zealand shares rose after economic growth in Australia, the nation’s biggest trading partner, beat estimates and prices of dairy products rebounded from a three-year low. Fletcher Building, Nuplex Industries and Kathmandu paced the rally. The NZX 50...
NZ dollar falls vs. Australia’s currency after Australia posts robust GDP
By Hannah Lynch June 06 (BusinessDesk) - The New Zealand dollar fell versus the Australian dollar after the nation’s biggest trading partner posted first-quarter gross domestic product that grew more than twice the pace economists had predicted. The New Zealand dollar fell to...
Lepionka to step down as Charlie's CEO
By Hannah Lynch June 06 (BusinessDesk) - Charlie's, the juice and soft drink maker sold to Asahi Group last year, said co-founder Stefan Lepionka will step down as chief executive, effective July 31. Lepionka will continue to sit on the board alongside former rugby star Marc E...