Midday Report

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Midday News for 30 June 2016

12:00 PM.Te Papa pulls out of its Snell singlet purchase. The warmer weather brings on a plague of pests.

Kathmandu's share price rises with better profit expectations

12:17 PM.The share price of outdoor clothing and sporting goods retailer, Kathmandu Holdings, rose almost 16 percent this morning, after it lifted its full year profit guidance by almost 14 percent.

Marlbourgh Wines Estates debutes on the NXT

12:18 PM.The wine maker, Marlborough Wines Estates Group, becomes the fourth company to list on the New Zealand stock exchange's NXT market, with this morning's debut.

Building consents may have hit a plateau

12:20 PM.As you may have heard in the news, the number of building consents fell marginally last month.

Property market is expected to continues to strengthen

12:21 PM.A couple of surveys have found commerical property investors and residential property buyers expect prices to continue to rise, particularly in the main centres and regions with increasing population and high tourist numbers.

Midday Markets for 30 June 2016

12:23 PM.For the latest from the markets we're joined by Angus Marks at First NZ Capital.

Business briefs

12:26 PM.Mobile charitable payments company, Pushpay Holdings, says it has hired an American investment bank to raise 30-million US-dollars to support its growth strategy. .

Midday Sports News for 30 June 2016

12:26 PM.The New Zealand Breakers basketballers have signed the player they hope will fill the hole left by American star Cedric Jackson.

Midday Rural News for 30 June 2016

12:34 PM.News from the rural and farming sectors.