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.
