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Milk price shot fired

Bumper milk flow adds $37m 4:11pm Slashing the price of milk by a boutique Hamilton food store is a gimmick which could backfire on customers, according to a supermarket boss.

Tower director resigns

tower group The resignation of independent Tower director Denis Wood has brought boardroom tensions to the surface.

Kiwi billionaire's stake in Aussie firm

Richard Chandler Richard Chandler will inject A$150m into revamping Australian forestry company Gunns but faces a community backlash.

Bars leave after slow progress

colombo st Bars and restaurant owners are deserting central Christchurch due to lack of progress on the locations for a new convention centre and stadium.

Minimum wage rises - by 50 cents

Wages The minimum wage will increase to $13.50 an hour, but political parties say it is not enough.

  VALUE MOVEMENT
NZX50 3,322.376 arrow 7.232 0.22%
ASX200 4,274.200 arrow -21.800 -0.50%
DOW 12,878.200 arrow 33.100 0.30%
NASDAQ 2,904.080 arrow 2.100 0.10%
FTSE 5,890.260 arrow -1.900 0.00%
NIKKEI 8,917.520 arrow -11.700 -0.10%
H-SENG 20,699.190 arrow -10.800 -0.10%

NZX50 20 min delay, others last close

Indicies Top Movers Currencies
  PRICE MOVEMENT
DPC 0.075 arrow 0.005 7.14%
ABA 4.500 arrow 0.250 5.88%
CDI 0.320 arrow -0.020 -5.88%
ALF 0.035 arrow -0.002 -5.41%
RAK 0.580 arrow -0.030 -4.92%
GFF 0.690 arrow 0.030 4.55%
TWR 1.510 arrow 0.060 4.14%

Price as at 5:02 pm, 8 Feb

Indicies Top Movers Currencies
RATE
Australian Dollar 0.775
Euro 0.631
British Pound 0.526
Hong Kong Dollar 6.483
Japanese Yen 64.360
Singapore Dollar 1.040
US Dollar 0.837

Price as at 4:50 pm, 8 Feb

Rainbow's End loses some shine

Rainbow's end The operator of Rainbow's End has slashed its profit forecast after a wet summer and World Cup competition hit visitor numbers.

Energy advocate dies

Energy specialist and renewable energy advocate Barrie Leay will be sorely missed, says Windflow Technology CEO Geoff Henderson.

Tower director resigns

Asset shuffle for DNZ

Rebuild 'at risk'

Christchurch earthquake repair, rebuild Christchurch's redrafted central-city plan would put the city's rebuild and economy at risk, the Property Council says.

Post-quake luxury-car sales boom

The earthquake triggered an adrenaline rush in some Cantabrians, prompting them to buy new high-end vehicles sooner than they had planned.

$100m in quake bills debated

Landlord forced to evict welfare group

Bars leave after slow progress

Bars and restaurant owners are deserting central Christchurch due to lack of progress on the locations for a new convention centre and stadium.

Kiwi billionaire's stake in Aussie firm

Richard Chandler Richard Chandler will inject A$150m into revamping Australian forestry company Gunns but faces a community backlash.

Yahoo chairman exits

Yahoo Chairman Roy Bostock and three other directors will step down as the struggling company ploughs ahead with an internal overhaul.

Rupert Murdoch's mum turns 103

Greece bailout talks hit brick wall

BHP profit goes backwards

The world's biggest miner has posted a mammoth first-half profit of US$9.94b, which fell just short of market expectations.

Milk price shot fired

Bumper milk flow adds $37m Slashing the price of milk by a boutique Hamilton food store is a gimmick which could backfire on customers, according to a supermarket boss.

BayWa extends deal for T&G

German company BayWa has extended its offer for Turners & Growers for a second time as acceptances trickle in.

Possum fur prices boost industry

BayWa lifts stake in T&G

Optimism for sheep industry

Sheep are becoming the new gold, says PGG Wrightson Waikato auction sales manager Neil Lyons.

Stocks mixed after Greek fears

Share market NZ stocks pared solid morning leads to dip marginally into the red at midday, on reports Greece delayed a vote on further austerity measures.

Market day ahead: February 8

Markets are back on the rally, albeit a modest one, after reports Greece was close to finalising a 130 billion euro rescue deal.

NZ dollar gains on Greece deal talk

New high for Trade Me shares

Global stocks fall

Concern that Greece might not accept the terms of a proposed new bailout deal halted a rally in global shares.

Lawyer buys Serepisos' office

Terry Serepisos Terry Serepisos' former head office has been sold to a Wellington lawyer for an amount understood to be around $21 million.

Kiwis happier over their finances

New Zealanders are more optimistic about their personal finances than last year, but confidence appears well down on 2010.

More investors claim tax losses

Minimum wage rises - by 50 cents

Spending pickup continues

The modest pickup in consumer spending late last year continued into January, electronic transactions company Paymark says.