Finance
23 May 2013 13:56
Personal Finance
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    23 May 2013 
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    Today's top business story
    Director admits misleading investors

    Former Dominion Finance director Robert Barry Whale has admitted misleading investors of Dominion Finance, which owed more than $175m when it collapsed.

    >> Read Article 

    Comvita buzzing despite tough year
    23 May - Health products maker Comvita's profit is down 10 per cent but has still had good sales despite a tough year.... more
    Rakon plunges deeper into the red
    23 May - Crystal oscillator maker Rakon has lost nearly $33m but says it has plans to reduce debt and grab more market share with new technology.... more
    Kiwi slips as US mulls tapering QE
    23 May - The NZ dollar lost nearly a cent against the US dollar after US Fed chairman Ben Bernanke made noises about tapering off on quantative easing.... more
    Zespri admits scam investigation poor
    23 May - Zespri says it should have more rigorously investigated staff concerns about a dual invoicing scam in China, but it isn't admitting any role in the scam.... more
    NZ shares rise; Ryman resumes climb
    22 May - The nation's biggest building company led the New Zealand share market higher as investors wait for F&P's results.... more
    DNZ raises cash, reports lower earnings
    22 May - DNZ Property Fund is raising $80 million to help pay for new buildings as it continues to reshuffle its portfolio.... more
    Vodafone sheds 7000 customers
    22 May - Vodafone NZ has lost 7000 customers in the first three months of the year, but still has more than 2.3 million mobile customers on its books.... more
    Kiwi weakens on US stimulus expectations
    22 May - With the US soon to decide on whether it will continue quantative easing, the NZ dollar has fallen to US81.56 cents.... more
    Overpricing worries drag stocks back
    21 May - Concerns about prices running ahead of earnings and Australian profit downgrades have hampered stock prices on the NZX.... more

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    NZ Summary
    NZX50   4,610 0 points (-)
    NZ/US   0.816 down 0.06c (-0.07%)
    90 Day   2.67% 0.01% (+0.38%)
    Gold   $1,376 down $17.85 (-1.28%)
    Oil   $95.77 down 43c (-0.45%)

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