MARKET CLOSE: NZ shares fall on Auckland Airport guidance; F&P gives up gains

Dan Brunskill
Wed, 01 Jul 2020

New Zealand shares fell on the back of a grim update from Auckland International Airport and Fisher & Paykel Healthcare gave up some of its recent gains. The S&P/NZX 50 Index fell 100.78 points, or 0.9 percent, to 11,350.27. Within the index, 30 stocks rose, 19 fell, and one was unchanged. Turnover was $163.4 million. The benchmark started the second half of the year on a negative note as Fisher & Paykel Healthcare led the market lower, falling 4 percent to $34.19. The stock had climbed almost 8 percent during the past two days followi...
ON THE MONEY: Boag, BNZ, Crimson and more
Victoria Young | Sat, 11 Jul 2020

Professional distancing We’re sure public relations expert and National Party stalwart Michelle Boag has had a few ups and downs in her colourful career, but you know things are rough when one of your...

JEHAN CASINADER: Politicians are the worst advertisement for democracy
Jehan Casinader | Sat, 11 Jul 2020

In Wellington, when it rains, it pours.In recent weeks, there has been a steady stream of political scandals. Blunders, sagas, hiccups and missteps – too many to count.These events remind us why so ma...

BRIAN GAYNOR: Aluminium smelter reaches use by date
Brian Gaynor | Sat, 11 Jul 2020

The negative market reaction to Rio Tinto’s announcement that it was winding down the Tiwai Point aluminium smelter was overdone, particularly for investors with long-term perspectives. The smelter...

The role of private equity in the wake of COVID-19

As local covid-19 restrictions ease, a new business cycle is beginning in New Zealand.

Sponsored: What’s next for the future of the office?

Think everyone is going to keep working from home? No so fast, says Milford Asset Management.