On the markets, the NZX 50 has closed up 5 points to 2712.
Auckland Airport is down 3c to $1.66, Cavalier is down 3c to $1.90, Contact is down 14c to $6.71, Fletcher Building is down 24c to $5.38, Nuplex is down 8c to $3.30, NZ Refining is down 8c to $6.05, Toll Holdings is down 3c to 62c and The Warehouse is down 6c to $3.24.
AMP is up 25c to $6.45, ANZ is up 45c to $18.25, Ebos is up 11c to $4.26, Lion Nathan is up 35c to $10.50, Rakon is up 10c to $1.40, Sanford is up 16c to $5.50, Sky TV i sup 12c to $3.82, Telstra is up 20c to $5.15 and Westpac is up 95c to $21.60.
The dollar is buying 53.25 US cents, 81.47 Australian cents, 41.69 euro cents, 49.40 yen and 36.08 pence.
The 90 day bank rate is 5.38 percent and the TWI is at 54.07.