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UPDATE 1-Prime Infrastructure wins bid for Powerco
(Reuters)
SYDNEY, Nov 2 (Reuters) - Australia's Prime Infrastructure Group PIF.AX said on Tuesday it has acquired 94.6 percent of New Zealand's Powerco PWC.NZ and would move to compulsory acquisition to wrap up its NZ$680 million ($463 million) bid.
NZ's Prime Infrastructure moves to 90% of Powerco
(Reuters)
SYDNEY, Nov 2 (Reuters) - Prime Infrastructure Group PIF.NZ said on Tuesday it has acquired 94.6 percent of the shares in Powerco PWC.NZ and that it will move to compulsory acquisition.
NZ share market climbs for fifth straight day
(Reuters)
WELLINGTON, Nov 2 (Reuters) - New Zealand shares climbed for the fifth consecutive day on Tuesday, extending a rally cemented by the central bank's signal that its interest rate tightening cycle may be over.
NZ dollar weakens, sidelined before election
(Reuters)
Short term support was expected at $0.6810, then $0.6780, with resistance at $0.6860, then $0.6910.
NZ's Feltex confirms Q1 profit in line with f'cast
(Reuters)
WELLINGTON, Nov 2 (Reuters) - New Zealand carpet maker Feltex Carpets Ltd. FTX.NZ announced a first quarter net profit of NZ$4.4 million ($3.0 million) on Tuesday, in line with forecast.
NZ share market gets mild boost from Telecom
(Reuters)
"Today's a consolidation of a reasonable run in the last couple of days, and just mildly firmer on the back of the offshore trends," said Barry Lindsay of First NZ Capital.
NZ's Infratil more than doubles H1 profit
(Reuters)
AUCKLAND, Nov 2 (Reuters) - New Zealand utilities investor Infratil Ltd. IFT.NZ said on Tuesday it had more than doubled its first half net profit, describing the result as "satisfactory".
NZ dollar trades near lows as market thins
(Reuters)
Bank of NZ said the U.S. election was likely to inject more uncertainty into the forex markets, particularly if there is a delay in reaching a final result.
NZ's Carter Holt seeks approval for Tenon unit
(Reuters)
WELLINGTON, Nov 2 (Reuters) - New Zealand forest products company, Carter Holt Harvey CAH.NZ, said on Tuesday it has applied for regulatory approval to buy Tenon Ltd.'s TEN.NZ Structural Solutions business.
NZ share market builds on trend to end firmer
(Reuters)
WELLINGTON, Nov 1 (Reuters) - New Zealand's benchmark share index ended strongly on Monday, building on the positive trend evident towards the end of last week.
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