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Telecom affirms second-half guidance as cost cutting offsets increased rivalry
June 8 (BusinessDesk) – Telecom, the biggest company on the NZX 50 Index, affirmed its second-half guidance, saying cost cutting and lower borrowing costs have helped keep earnings on track even as competitors chased market share. Second-half earnings before interest, tax, depre...
MARKET CLOSE: NZ shares rise on upbeat Australian view; Westpac, Pumpkin Patch gain
June 07 (BusinessDesk) - New Zealand shares rose, led by companies exposed to the Australian economy after strong jobs and economic growth data lifted companies that get revenue across the Tasman. Pumpkin Patch led the advance, while Westpac and ANZ Bank also gained. The NZX 50...
NZ dollar climbs to 3-week high as Australian data stoke investor optimism
By Paul McBeth June 07 (BusinessDesk) - The New Zealand dollar rose to a three-week high 77.14 US cents in local trading as better than expected jobs growth across the Tasman stoked investors' appetite for riskier, or higher-yielding, assets. The kiwi rose to 77.05 US cents at...
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