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PGG Wrightson reports $30.7m loss but stays optimistic
PGG Wrightson has reported a bottom line annual loss of $30.7m after a provision for supply of livestock to Silver Fern Farms and other items but is signalling growth in its core seed business.
Private equity, Kiwi style
Debt, disaster, and quick flicks? New Zealand private equity firms prefer a lower-profile, longer-term approach, they tell Nick Smith.
Fairfax to sell part of Trade Me
Trade Me's parent company Fairfax Media Limited has today announced plans to sell 30 per cent and 35 per cent of Trade Me in a float on the New Zealand stock exchange. Former Fairfax chief David Kirk, who made the decision to buy the…
Gold loses some shine on good US news
Investors desperate for news indicating the US economic recovery might be on track after all, and received it overnight as a report on durable goods orders surpassed expectations.
Sean O'Grady: Instability will keep gold on a high - for now
Should the value of gold really be as high now as it was in the 1980s?
NZ dollar rises as weak US data spurs QE3 talk
The New Zealand dollar rose against the greenback on bets that weaker US data will force Fed chair Ben Bernanke to unveil a third round of quantitative easing.
Wall St investors find value in beaten down stocks
Investors found some value among beaten-down stocks on Wall St overnight as they picked up shares of Apple and IBM amid hope the Fed will announce new measures to shore up the US economy.