![NZ stocks mixed on light volume](/pf/resources/images/placeholders/placeholder_l.png?d=795)
NZ stocks mixed on light volume
NZ shares were mixed yesterday as investors cast forward to next month's earnings season, and as regional markets mulled this week's Federal Reserve meeting.
NZ shares were mixed yesterday as investors cast forward to next month's earnings season, and as regional markets mulled this week's Federal Reserve meeting.
Investment market players are gearing up for the biggest shake-up in more than decade.
Beverage start-up Ti Tonics has partnered with the maker of Charlie's and Phoenix drinks in a distribution deal.
Milford Asset Management has spent $2.3 million buying into Mercer Group, building a 5.2 per cent stake in the stainless steel producer.
Budget retailer the Warehouse is warning its first-half profit will fall by as much as 13 percent after strong Christmas sales failed to compensate for a margin squeeze in the first quarter.
Meridian Energy sold more electricity in the first six months of the current financial year than in the previous year, but prices achieved were significantly lower.
Michael Hill International expects first-half earnings to rise after reporting a 10 per cent lift in sales over the period.
Shares in Fisher & Paykel Healthcare are near a seven-year high as it continued an 18-month trend of "winning back favour" with investors, according to an analyst.
Shares of Melbourne based mining group OceanaGold has risen 9.7 per cent in early NZX trading after announcing its gold production exceeded expectations in 2013.
Moody's has cut Chorus's credit rating to the bottom of its investment grade band over the prospect of enforced copper price cuts.
Wynyard Group has signed a global partnership deal with UK-based Arquebus Solutions to deliver gun crime intelligence software for the law enforcement market.
NZX minnows Vetilot and NZF Group have been fined and censured over the late filings of their respective annual reports.
NZ shares rose to a two-month high, paced by Chorus, Kathmandu and Sky Network Television as the prospects of strong economic growth drew retail investors to the equity market.
Xero, whose shares soared 333 percent in 2013, has put down a rising share price to positive press.