Recent Posts

NZ dollar falls as RBNZ looms; dairy fall-out continues

By Paul McBeth March 11 (BusinessDesk) – The New Zealand dollar fell on speculation Reserve Bank governor Graeme Wheeler may signal further delays to interest rate hikes tomorrow and amid concern a threat to contaminate infant formula may hurt orders for the nation’s dairy products. The kiwi dropped to 72.37 US cents at 5pm in Wellington from 72.62 cents at 8am …

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Market regulators NZX and FMA defend disclosure by companies involved in 1080 threat

By Fiona Rotherham   March 11 (BusinessDesk) – Market regulators, the NZX and the Financial Markets Authority, say they’re confident the approach they took to disclosure of the 1080 contamination threat by listed companies involved was appropriate in the “unusual circumstances”, but they will be checking for any suspected market manipulation or insider trading.   Under the NZX Main Board …

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Foley Family Wines turns first half profit as sales grow

Foley Family Wines, majority owned by American businessman and vineyard owner Bill Foley, posted a first-half operating profit as sales increased 14 percent. Underlying profit, which strips out fair valuation changes for harvested grapes, was $661,000 in the six months ended Dec. 31, compared to a loss of $96,000 in the previous comparable period, the Marlborough-based company said in a statement. Sales increased to $15.6 …

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