Key confirms GST increase being considered

By MARTIN KAY Stuff

The Government is considering increasing GST to as high as 15 percent as part of planned changes to the tax system, Prime Minister John Key has confirmed.

NZX 50 Index
3076.451
-17.00
-0.55%
 
NZX 15 Index
5543.336
-33.43
-0.60%
 
NZX 50 Portfolio Index
1872.331
-6.26
-0.33%
 
NZX SciTech Index
720.123
-9.53
-1.32%
 

As at 5:27 pm, 9 Feb (20 min delay)

NZX slips at open

NZPA

The New Zealand sharemarket dropped in early trading, with Contact Energy down 5c as it remained stuck in a narrow range after falling from a four-month high in early January.

Dollar halts downward slide

NZPA | 5:47pm

The New Zealand dollar managed to arrest a downward slide against US dollar today, as exporters fought against the kiwi being sold off heavily.

Retailers warned over small print

NZPA

The Commerce Commission is warning retailers not to use small print to hide the truth about promotions after Borders recently was caught out for the practice.

Tower outperforming last year

NZPA

Insurer and fund manager Tower performed ahead of its year ago results in the three months to December, chairman Tony Gibbs told the company's annual meeting today.

Market Movers

Biggest Gainers

SPY
0.043
+0.003
+7.50%
PPP
0.390
+0.020
+5.41%
BRM
0.670
+0.020
+3.08%

Biggest Decliners

RNS
0.210
-0.020
-8.70%
CCC
2.500
-0.200
-7.41%
LME
0.150
-0.009
-5.66%

Market Snapshot


Trading Today
Trades
Volume
Value
2,813
30,428,552
$67,206,260
 
 
Market Capitalisation
Type
Securities
Capitalisation
(000s)
NZSX
166
$52,260,933
NZDX
119
$14,796,672
NZAX
32
$472,763

Market Announcements »

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NZX Short Sale Report - January 2010
WIN AMP Investments' World Index Fund (NS) 4:42 pm
World Index Fund – Daily Advice - 9 Feb...
SPT Spotless Group Limited 4:37 pm
Spotless to acquire CE Property Service...
WBC Westpac Banking Corporation 4:22 pm
Notice of change of interests of substa...
WBC Westpac Banking Corporation 4:15 pm
Appendix 3B
SPT Spotless Group Limited 4:02 pm
Notice of Cessation of Substantial Shar...
FXFFA Fairfax New Zealand Finance Limited 3:36 pm
FXFFA - Appendix 7
RNS Renaissance Corporation Limited 2:04 pm
Preliminary full year result to 31 Dece...

View more Market Announcements

Managed Funds »

Super Fund picks 'catastrophe bonds'

$253m into retail managed funds

Kauri bond raises $225m

Positive month for Super Fund

Economy »

Dairy cow numbers soar

Tax plan will hit property investment

RBNZ's rates view unchanged

Agriculture outlook positive, report

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