Some Xero shareholders took the opportunity to make some
profit on their investments after the market darling reported
a loss of $17.1 million for the six months ended September.
New Zealand's economy is set to hit levels not seen since
2006 as the Christchurch rebuild drives investment and
strengthening labour markets, a report by the OECD says.
The usual pre-Christmas trend of hiring temporary office
staff from now until February has been delayed, and Select
Recruitment managing director Karen Bardwell is concerned it
may not eventuate.
Otago-Southland tourism operators are starting to feel the
pinch, leading to a fall in the regional reading on the
BNZ-BusinessNZ performance of services index (PSI).
Marlborough brewer Moa Group's result for the six months
ended September was, as expected, bathed in red ink as the
company revamps its distribution model.
Newly-listed Meridian Energy received an average price for
its generation in the three months ended September 22% lower
than in the same quarter last year.
Air New Zealand shares will resume trading this morning after
the Government last night completed the sale of a further 20%
of the national carrier at $1.65 a share.
Dunedin South MP Clare Curran has been accused of political
grandstanding in her comments about Air New Zealand flights
through Dunedin being under threat as the Government further
sells down its stake in the national carrier.
Dunedin brokers are reporting subdued demand for the Air New
Zealand shares freed up yesterday by the Government's
decision to sell down another 20% of its holding.
The uncertainty facing infrastructure company Chorus meant it
had no choice but to withdraw its dividend guidance for the
2014 financial year, Forsyth Barr broker Suzanne Kinnaird
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