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MARKET CLOSE NZ shares edge up; F and P Healthcare helped by weak kiwi

New Zealand shares rose, led by Fisher & Paykel Healthcare, as the maker of breathing masks and respirators benefited from a kiwi dollar at a two-month low. NZX rose to a six-year high in anticipation of fees from new listings. The NZX 50 Index edged up 0.5 percent, or 0.01 percent, to 4646.32. Within the index, 25 stocks rose, 20 …

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NZ dollar pares decline as exporters use greenback strength to hedge kiwi

The New Zealand dollar pared its decline during the local session as exporters took advantage of the strengthening greenback to ramp up their hedging with a cheaper entry point. The kiwi increased to 82.13 US cents at 5pm from 81.88 cents at 8am, down from 82.90 cents yesterday. The trade-weighted index fell to 77.13 from 77.46 yesterday. New Zealand’s currency …

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AWF more than doubles profit on Panacea sale, will pay special dividend

WF Group, the contract labour firm, more than doubled annual profit after selling its Panacea Healthcare unit and will return most of the $2.24 million proceeds to shareholders via a special dividend. Net profit climbed to $6.9 million, or 26.5 cents per share, in the 12 months ended March 31, from $2.6 million, or 10 cents, a year earlier, the …

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