
NZ dollar gains vs British pound
The kiwi advanced to 47.62 British pence at 8am in Wellington.
The kiwi advanced to 47.62 British pence at 8am in Wellington.
This week marks the seven-year anniversary of this bull market. In March 2009, the S&P500 share market index in the US bottomed at a closing level of 677 points.
The Serious Fraud Office has ended its three-year contract with Wynyard a year early because the software could not deal with some of its accounting documents.
The kiwi touched a two-month high as the greenback slid following a mixed report on the US jobs market.
Plunging oil prices have forced New Zealand Oil & Gas to shed workers, prune its board and will lead to the shutdown of an offshore field four years early.
De Beers is ramping up diamond sales to cash in on a recovery from last year's slump.
Wynyard Group has signed a $3.3 million contract with a consulting and risk management firm as it finalises rights offer.
New Zealand Oil & Gas widened its first-half loss as it wrote down the value of its Tui and Maari investments.
The New Zealand dollar is heading for a 2 per cent gain against the greenback as investors continue to scale back their bets on the world's reserve currency.
Coats Group, the UK-based threadmaker that grew out of diversified investor Guinness Peat Group, has committed to retaining the $708 million generated from asset sales
The New Zealand dollar was largely unchanged on the week against the greenback.
OceanaGold Corp, the gold and copper miner, said its annual profit halved due to low commodity prices and extra costs from its purchase of Waihi Gold Mine.
Wynyard Group says a planned share placement is no longer viable and is considering other capital raising options including a rights offer.
Shareholders are being told to vote against a takeover bid for the technology company.
Businessman Peter Huljich and entities linked to him are set for a $26 million pay out if the Diligent Board Member Services takeover goes ahead.
Nuplex has been in secret talks with one of its rivals and says it has received a good offer.
The sharp decline in oil prices is a simple case of economics 101, writes Brian Gaynor.
Last month's sharemarket turmoil hasn't prompted the private equity owners of Tegel Foods to chicken out of plans to take the poultry business public.