Recent Posts

MARKET CLOSE NZ’s benchmark NZX 50 charts new record; Diligent soars

New Zealand shares rose, extending the NZX 50 Index’s gain to a new record, as investors piled into Diligent Board Members Services and rewarded Warehouse Group earnings growth and bigger dividend. The NZX 50 rose 20.54 points, or 0.5 percent, to 4354.02, the highest since the index it was created in 2003. Within the index, 25 shares rose, 15 fell …

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Chile, NZ pledge to further trade and economic cooperation – Statement

Chile and New Zealand will continue to strengthen their trade and economic ties, particularly though education, agriculture and energy, Prime Minister John Key announced today. Key today held bilateral talks with Chilean President Sebastian Piñera, where the two leaders discussed the on-going Trans Pacific Partnership negotiations and the warm relationship between the two countries. “New Zealand’s relationship with Chile is …

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Infratil seeks cash through Z float, windfarm sell-down and bond issue

Infrastructure investor Infratil is seeking to fill its coffers for new, earlier stage investments through the part-sale of its 50 percent shareholding in Z Energy, the possible part-sale of an Australian windfarm, and the potential to issue a low-interest 10 year bond. The strong potential for a float of between 40 percent and 60 percent of Z was announced as …

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