New Zealand shares bounced off a four-month low, led upwards by Metro Performance Glass, A2 Milk Co and Z Energy, as part of an Asian market rally.
The S&P/NZX 50 Index gained 163.79 points, or 2.4 percent, to 6,872.26. Within the index, 46 stocks rose and five fell. Turnover was $147.2 million.
The survey shows year on year export sales fell 12%, while domestic sales rose 17% compared to September 2015. The number of staff employed slipped 2.8% on a year ago.
“That FBI news has, in investors’ minds, put her back in frontrunning for the presidency”
BusinessNZ CEO Kirk Hope says Labour’s policy to tax businesses employing foreign workers would hurt small businesses. Plus, what do NBR readers think?
Crimson is acquiring companies to get “student capital,” not boost revenue.
Insurers need to look at new ways of doing business, says the head of the world’s largest specialty insurer. With special feature audio.
Despite regulatory uncertainty, Harmoney continues to experience growth, CEO says.
The consumers price index rose 0.3% in the three months ended September 30, above the 0.2% pace originally reported on
The SEC’s subpoena is focused on, among other things, Agria’s historic and ongoing business operations in China.
Tilt said it generated revenue of $94.8 million in the six months to September 30, compared to $88.9 million a year earlier.
Pumpkin Patch’s receivers have taken the razor to the failed children’s wear retailer’s Australian stores with plans to close 27 stores nationwide, laying off up to 145 staff.
KordaMentha’s Brendon Gibson and Neale Jackson outlined the Pumpkin Patch and Charlie & Me closures on the other side of the Tasman, which will see 52 staff redeployed to other sites, on top of the projected job losses. The cuts are deeper than what was signalled for New Zealand last month, with the job losses equating to almost 15 percent compared to less than 10 percent in NZ.
“We were bloody expensive and now we’re just expensive”
The addition to Fonterra’s branded products of the “Fonterra Trusted Goodness” seal is being rolled out worldwide today
Partial takeover offer at $10 a share rekindles three year old battle
Channel partners will mitigate launch challenges, CEO says. With special feature audio.
“The reality is in today’s world is all procedural aspects of the traditional shareholder meetings can now be virtualised”
Clear Grain has been sold off in a management buyout.
Uber Drivers Association NZ moving wisely in wake of ruling, lawyer says.
Nick Smith conceeds it could now be February before the Resource Legislation Amendment Bill can be passed into law.
Rod Drury says the incumbent players in Xero’s markets have been alarmed at its progress.
The US presidential election, seemingly tighter than previously thought, dampened the mood on the markets.
Xero reduced its cash burn and its net loss in the six months ended September but growth in the United states remains sluggish.
“We were the worst market in the world in October”
The S&P/NZX 50 is at 6755 points – down 10.7% from the September high.
NPT’s board says it was already considering other proposals about the time that Augusta presented its proposal.
Ross Finlay says before angels commit money they have to pick the right jockey.
Although you may not have a spare half billion for staff lunches each year. With special feature audio.
The company generated $125.6 million of revenue in the 13 weeks ended October
The deal will immediately lift earnings per share 4% in the 2017 financial year.
Its guidance for 2017 ordinary dividends was kept at 14.6c per share.
Hellaby expects an extra $105 million in sales from six prospective acquisitions to kick-in within the next 12 to 18 months.
The Fisher Funds brand very much falls around Carmel - Wells
The joint venture’s funds include $14 million from Talley’s Group for a 35% stake.
Ticketmaster New Zealand turned to an annual loss in 2015, despite revenue growing.
Group backed by ex-Canadian phone company execs buys into Trilogy, supplies vehicle for backdoor listing.
Share price tumbles 23%
The New Zealand offer due to open on November 9 is a public one open to anyone through a product disclosure statement.
Whole milk powder up 19.8%, average prices 11.4% in latest fortnightly Global Dairy Trade auction overnight.
Founders angle to sign up corporate clients, ink AA Smartfuel parnership.
Bapcor’s chief executive labels $350 million valuation for automotive division as irresponsible.
UPDATED: Labour still finds negatives but its hard to argue with the data. With special feature audio.
