![Oz shares catch ride on rail float](/pf/resources/images/placeholders/placeholder_l.png?d=799)
Oz shares catch ride on rail float
The Australian stock market closed higher on a day when trade was dominated by the public float of Queensland freight railways, QR National.
The Australian stock market closed higher on a day when trade was dominated by the public float of Queensland freight railways, QR National.
Trading in Pike River Coal shares was suspended and trading in the shares of its biggest shareholder New Zealand Oil & Gas (NZOG) was halted yesterday as the investment community extended their sympathies and also waited for news.
The New Zealand dollar fell one US cent in minutes when credit rating company Standard & Poor's changed the outlook on the country's long-term currency rating.
A successful shareholders campaign has pushed former Hanover Finance chair Greg Muir from the board of listed clothing retailer Pumpkin Patch.
Forget Hanover - what matters is chairman's performance now.