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Fletcher Building, the country’s biggest listed company, sold its CSP Coating galvanised steel unit to Hamilton-based Perry Group as it looks to replace some of its treated metal products with imports. cigars for sale online Perry Metal Protection, a subsidiary of the family-owned group, has lodged an application with the Commerce Commission to buy the Fletcher unit for an undisclosed …

The New Zealand dollar fell below 83 US cents after minutes of the US Federal Reserve’s last policy meeting showed several members favoured an end to quantitative easing this year, earlier than the Fed’s stated timeline of 2015. The kiwi dollar dropped to 82.89 US cents from 83.21 cents at 5pm in Wellington yesterday. The trade-weighted index was at 74.71 …

 Wall Street held onto yesterday’s gains sparked by the US budget deal, but was cautious about extending the rally as attention turned to the next political hot potato overhanging financial markets — the nation’s debt ceiling. Treasury Secretary Timothy Geithner plans to leave the administration at the end of January, even if President Barack Obama and congressional Republicans haven’t reached …

w Zealand shares rose on the first trading day of 2013, following gains on Wall Street, as investors drove up companies that have featured on broker lists for 2013, such as PGG Wrightson and Ryman Healthcare. The NZX 50 Index rose 15.85 points, or 0.4 percent, to 4082.36. Within the index, 33 stocks rose, eight fell and nine were unchanged. …

Guinness Peat Group, the investment firm liquidating its asset portfolio, has realised some 18.7 million pounds in the latest grab-bag of asset sales. The firm, founded by Ron Brierley, reaped 8.8 million pounds from the sale of wholly-owned subsidiary Gosford Quarry Holdings and will keep the unit’s Sydney property, which has redevelopment potential, for a later disposal, the company said …

Pyne Gould Corp managing director George Kerr has found a buyer for its Perpetual wealth management businesses and will throw in the firm’s stake in Australian research and management firm van Eyk Research. smoke shop online Under the terms of the deal, van Eyk will acquire Perpetual Portfolio Management, Perpetual Asset Management and Perpetual Trust to create a wealth manager …

e New Zealand dollar, which soared along with stocks on Wall Street and in Europe on the US fiscal cliff deal, gave up some of its gains as traders sold the currency as it neared 84 US cents. The kiwi dollar recently traded at 83.16 US cents from 83.73 cents in Asian trading yesterday, having reached as high as 83.92 …

The price of dairy products rose 2 percent in the first GlobalDairyTrade auction of 2013, recovering losses through the tail-end of last year. spyware for iphone 4 The average winning trade-weighted price increased to US$3,357 per metric tonne from US$3,311/tonne at the Dec. 19 sale. The gains were led by a 4.7 percent boost in skim milk prices to US$3,572 …

New Zealand shares fell on the last trading day of the year, though not enough to prevent 2012 being the best for the NZX 50 Index since 2004, with the strongest gains coming from growth stocks and companies making comebacks. The NZX 50 fell 14.389 points, or 0.4 percent, to 4066.513 and has advanced almost 25 percent in 2012, just …

NZX boss Tim Bennett featured in the final NZX stock filing for 2012, an announcement that he has acquired 1.58 million shares in the bourse operator from his long-term incentive scheme. The stock exchange’s chief executive acquired the $1.87 million stake, which amounts to 0.6 percent of the company’s shares on issue, as part of his incentive scheme, according to …