While online accounting company Xero has been soaking up the limelight with exponential share price gains, the stocks of three aged-care companies have been quietly underpinning stock exchange gains.
Shares in cloud-based online accounting company Xero soared yesterday, propelling the profitless company to $5.2 billion market capitalisation, when its shares touched $41.50, then went on to slump by $955 million in value.
Z Energy's inaugural result as a listed company shows it more than doubled its after-tax profit to $55.5 million, and reaffirms prospectus guidance to pay the full forecast dividend for the year.
Sharemarket meteor Xero yesterday surpassed an annual 500% gain to its share price, up more than 10% again yesterday, to close at $37.30.
Employment data released yesterday, showing growth in employment and a slight decline in unemployment, is a reflection of New Zealand's strengthening economy, economists say.
Profitless cloud computing business Xero became New Zealand's fourth-largest listed company yesterday, when its shares spiked to $33.15 each, valuing the company at $4.23 billion.
A retail and commercial development worth up to $25 million is planned for Washdyke, on Timaru's northern outskirts, ranging from cafe-size premises to 6800sq m bulk retail operations.
The liquidator of collapsed Queenstown-based boutique insurer Western Pacific Insurance is using debt collection agencies to recover ''significant'' unremitted premiums held by insurance brokers, part of more than $750,000 in debts.
Oceana Gold is refusing to confirm how many of its New Zealand staff have been made redundant, saying only fewer than 10% have been affected by a company-wide review.
Ocenana Gold's third quarter production has underpinned a guidance boost with the crucial cash cost to produce each gold ounce falling further.
Australian listed waste management company Transpacific Industries is looking to sell its widespread New Zealand operations, to pay off debt, and focus on its Australian operations.
Shares in West Coast specialist coal mine developer Bathurst Resources have more than doubled in value since the resolution of court challenges in its favour. Coal production from the Denniston plateau above Westport could be under way by the end of December.
A unique multi-disciplinary study on how mining in New Zealand relates to and impacts on Maori is being launched today by the University of Otago's School of Business.
Almost all claimants in the failed $91 million Credits Sails investment fund have been paid their 85c in the dollar from the $60 million settlement fund.
An annual Canadian-based global survey of mining companies ranks New Zealand as 26th in its ''policy attractiveness'' for investment, out of 96 regions and countries around the world.
Seven residential blocks in Te Anau, with capital values totalling about $2.33 million and earmarked for earlier development in a wider subdivision, have now been put on the market under mortgagee sale.
More than $270 million is being outlaid by the NZ Super Fund and Infratil to buy most of the 37.7% stake in listed retirement village operator Metlifecare, held by Retirement Villages New Zealand.
Leading new-home builder Jennian Homes is calling on the Reserve Bank to quickly amend its contentious loan to value ratio (LVR) on bank lending, estimating new home-buyer restrictions equate to the loss of 3000 homes.
The oil industry has launched a scathing counterattack on a Greenpeace oil spill-modelling scenario, labelling it scare-mongering and ''science fiction''.
Two years of delays caused by legal challenges have ended for West Coast coking coal mine developer Bathurst Resources, the Environment Court yesterday granting resource consents the miner obtained more than two years ago from West Coast councils.
