Takeover for Millennium and Copthorne; Otherwise quiet on NZX
A takeover offer for Millennium and Copthorne Hotels NZ brightened an otherwise quiet day on the New Zealand sharemarket that started the week with a 0.3% decline.
MORE»NZ sharemarket up over 1.8% for the week
The New Zealand sharemarket ended a strong week with a gain of more than 1.8%, erasing the year’s earlier losses, and powered by heavyweight Fisher and Paykel Healthcare as it neared a record high.
MORE»NZ sharemarket up nearly 0.5%, third rise this week
The New Zealand sharemarket posted its third successive rise of nearly 0.5% following a strong rally in the United States on softer-than-expected inflation data and improved earnings from leading banks.
MORE»NZ sharemarket lifts off after Auckland Airport numbers
Auckland International Airport and the tourism sector are benefiting from increased visitor numbers – the best in five years – as the New Zealand sharemarket posted a gain of nearly 0.5%.
MORE»NZ sharemarket up on economic recovery news
The New Zealand sharemarket bounced back from three successive down days as the latest data showed the economy is slowly recovering, prompting renewed hope of a 0.5% cut in the official cash rate next month.
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