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NZ dollar fails to break above 66 US cts

Article – BusinessDesk

Aug. 17 (BusinessDesk) – The New Zealand dollar failed to break above 66 US cents as fears over trade tensions between China and the US were allayed by the prospect of talks later this month. Read more »

MARKET CLOSE: Shares rise as Skellerup posts record profit

Article – BusinessDesk

Aug. 16 (BusinessDesk) – New Zealand shares rose, led higher by a record profit from Skellerup Holdings, as investors focused more on domestic earnings than volatility in global markets. Precinct Properties New Zealand also gained. Read more »

NZ dollar lifts on news Chinese delegation heading to US

Article – BusinessDesk

NZ dollar gets lift from news Chinese delegation heading to US for trade talks By Rebecca Howard Read more »

AJ Park delivers bigger than expected earnings boost

Article – BusinessDesk

Aug. 16 (BusinessDesk) – New Zealand intellectual property law firm AJ Park delivered bigger earnings than expected for its Australian owner after its integration into IPH went smoother than anticipated. Read more »

Sumitomo Mitsui Trust increases SkyCity holding

Article – BusinessDesk

Aug. 16 (BusinessDesk) – Sumitomo Mitsui Trust has acquired another 7.7 million shares in casino operator SkyCity Entertainment, lifting its relevant interest in the firm to 6.2 percent. Read more »

Skellerup best performing stock after annual result

Article – BusinessDesk

Aug. 16 (BusinessDesk) – Skellerup is the best performing stock on New Zealand’s benchmark index today after the maker of ‘red band’ gumboots blew analysts out of the water with its annual result. Read more »

Tru-Test to sell businesses to Datamars for $147.9 million

Article – BusinessDesk

Aug. 16 (BusinessDesk) – Tru-Test Corp will sell some of its business to Switzerland-based Datamars for $147.9 million, it said in its annual report. Read more »

Downer’s NZ revenue jumps 59%

Article – BusinessDesk

Aug. 16 (BusinessDesk) – Sales at Downer EDI’s New Zealand division rose 59 percent, benefitting from last year’s purchase of parts of the Hawkins Group. Read more »

More ambition needed to lift productivity

Article – BusinessDesk

Aug. 16 (BusinessDesk) – New Zealand needs to be more ambitious if it is to improve the performance of its major centres and the contribution they make to the national economy, Housing and Development Minister Phil Twyford said today. Read more »

UPDATE: Skellerup lifts annual profit 23% to a record

Article – BusinessDesk

Aug. 16 (BusinessDesk) – Skellerup Holdings, the rubber goods manufacturer best known throughout rural New Zealand for its iconic ‘red band’ gumboot, lifted annual profit to a record as both its industrial and agri divisions boosted earnings. The shares … Read more »

Precinct Properties still backs Fletcher

Article – BusinessDesk

Aug. 16 (BusinessDesk) – Precinct Properties New Zealand says the Commercial Bay project in downtown Auckland will be completed a little later than scheduled but is still backing contractor Fletcher Construction to complete the $1 billion development. Read more »

Skellerup lifts annual profit 23%

Article – BusinessDesk

Aug. 16 (BusinessDesk) – Skellerup Holdings, the rubber goods manufacturer best known throughout rural New Zealand for its iconic ‘red band’ gumboot, lifted annual profit to a record as both its industrial and agri divisions boosted earnings. Read more »