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MARKET CLOSE: NZ shares gain

Article – BusinessDesk

Sept. 20 (BusinessDesk) – New Zealand shares rose in heavy trading as Kiwi Property Group and Kathmandu Holding gained on strong volumes, with the quarterly index reweighting driving traffic. Read more »

NZ dollar sags after avalanche of data

Article – BusinessDesk

Sept. 20 (BusinessDesk) – The New Zealand dollar was little changed but with a decidedly soft tone after a busy week for global central banks, data from China, Australia and New Zealand, and ahead of a local rate decision next week. Read more »

Fonterra board starts planning chair succession

Article – BusinessDesk

Sept. 20 (BusinessDesk) – Fonterra Cooperative Group’s board has started thinking about who should lead the country’s dominant dairy processor through its new strategy, but that won’t necessarily see John Monaghan leave. Read more »

Fulton Hogan keeps Australian civil construction unit

Article – BusinessDesk

Sept. 20 (BusinessDesk) – Fulton Hogan decided to keep its Australian civil construction division after potential buyers didn’t make a tempting enough offer. Read more »

Time for congestion pricing has come – NZIER

Article – BusinessDesk

Sept. 20 (BusinessDesk) – Options being considered to fund transport development in Auckland and ease road congestion need to be part of a consistent framework that can be applied in other parts of the country, the New Zealand Institute of Economic … Read more »

Colliers defends KiwiBuild as ‘far from a colossal failure’

Article – BusinessDesk

Sept. 20 (BusinessDesk) – KiwiBuild is “far from the colossal failure its political opponents have portrayed it to be,” says prominent real estate agent Colliers. Read more »

Pushpay shares rise as cost-cutting upgrades earnings

Article – BusinessDesk

Sept. 20 (BusinessDesk) – Pushpay Holdings shares rise 2.7 percent after it lifted earnings guidance for 2020 by stripping out costs. Read more »

NZ dollar weaker against British pound

Article – BusinessDesk

Sept. 20 (BusinessDesk) – The New Zealand dollar fell against the British pound after European Commission president Jean-Claude Juncker signalled a new Brexit deal may be possible before Oct. 31. Read more »

Todd plans Kapuni drilling campaign

Article – BusinessDesk

Sept. 20 (BusinessDesk) – Todd Energy is preparing for a new round of drilling to extend reserves and production at the onshore Kapuni gas field. Read more »

MARKET CLOSE: NZ shares gain; appetite for KFC

Article – BusinessDesk

Sept. 19 (BusinessDesk) – New Zealand shares rose, led by a recovery in fuel retailer Z Energy and as Restaurant Brands New Zealand hit a record. Read more »

NZ dollar mixed, buffeted by Fed talk and downunder data

Article – BusinessDesk

Sept. 19 (BusinessDesk) – The New Zealand dollar was mixed after a roller-coaster day of US central bank action and domestic and Australian data. Read more »

Super Fund can expect lower returns over next decade

Article – BusinessDesk

Sept. 19 (BusinessDesk) – The New Zealand Superannuation Fund has delivered excellent returns over the past five years, but should expect those to decline in the next decade, says an independent review. Read more »