
Xero leads NZ sharemarket down
New Zealand shares edged down in relatively light trading, led by Xero.
New Zealand shares edged down in relatively light trading, led by Xero.
The dollar fell against the euro after minutes of the last European Central Bank meeting.
The New Zealand dollar was little changed against the greenback.
NZX trading activity increased in June, while the value of trade shrank.
The Reserve Bank of Australia retained a neutral bias and kept its cash rate unchanged.
The New Zealand dollar fell, dipping below 73 US cents.
There is mounting rhetoric among central bankers for interest rates to rise.
NZX will carry out an extensive review of its business with the results due in November.
The New Zealand dollar fell to a three-week low against the pound.
Tegel Group posted a 0.8 per cent gain in full-year pretax earnings.
NZX is looking at creating one market for all its listed stocks.
Vero is offering $1.40 a share to take over Tower, valuing it at $236.1 million.
Traders have been increasing their bets on a strong kiwi.
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The New Zealand dollar barely budged heading into the Reserve Bank's latest policy review.
The New Zealand dollar struggled to gain traction against the US dollar.
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It fell after the Bank of England policy committee kept rates on hold.
The New Zealand dollar rose after weaker-than-expected US economic data.
Economists at ASB believe the kiwi dollar will head up against the greenback this year.
The dollar rose to the high on concern of an unstable minority government in Britain.
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Sharemarkets reacted calmly yesterday after major events were expected to cause chaos.
The dollar rose above 72 US cents for the first time since the beginning of March.
NZ's biggest petrol chains increased their profits in 2016 despite revenue dropping.
NZ commodity prices rise 3 per cent in May, led by a jump in apple, kiwifruit prices.