ANALYSIS: Metroglass shareholders surprised by yet another downgrade

Jenny Ruth
Tue, 26 Nov 2019

Investors' reaction to Metro Performance Glass's latest profit downgrade was undeniably negative, its magnitude an indication of how shocked they were.The shares plunged 12.7 percent from Friday's close to as low as 31 cents after the company said its earnings before interest and tax for the year ending March next year will be $21-to-$24 million, down from its previous guidance of $25-to-$27 million provided at its annual shareholders' meeting in late July.The latest forecast excludes a $1.7 million benefit for the new lease accounting standard...
Markets
MARKET CLOSE: Reserve Bank measures limit virus-driven stock slide
Dan Brunskill | Wed, 12 Aug 2020

Reserve Bank stimulus helped soften a fall by New Zealand equities as investors reacted to a covid-19 flare-up which has put Auckland back into a level-3 lockdown. The S&P/NZX 50 Index declined 153...

PETER GRIFFIN: Tracing tech still running to catch up
Peter Griffin | Wed, 12 Aug 2020

We should have gone back into our state of covid-19 lockdown with an effective digital contact tracing technology in place.

Economy
UPDATE: RBNZ revs up the printing press, doesn't rule out negative rates
Rebecca Howard | Wed, 12 Aug 2020

(Updates to add comment from RBNZ governor and assistant governor)  The Reserve Bank kept the official cash rate at a record low 0.25 percent but expanded its large-scale asset purchase programme t...

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