The plan revived investors’ appetite for riskier assets and took the wind out of elevated oil prices.
Vulcan led the benchmark higher on its latest broker upgrade.
Worse than expected trading has chewed into the carpet-maker’s cash reserves, lower the potential capital return to investors if a deal to sell the business goes through.
Skellerup marched higher on an upgrade by Craigs Investment Partners.
Bourns Inc has today made a formal offer to take over NZX-listed Rakon for $1.55 per share in an all-cash offer.
Expert panel finds adverse impacts of seabed mining project significantly outweighed economic benefits.
Heartland was one of the day’s rare gainers.
After four attempts, the companies have walked away from merger talks after failing to agree on price.
The benchmark edged higher in the shortened week ahead of the Waitangi Day holiday.
Treaty settlement issues loom large in Fast Track panel process.