MARKET CLOSE: NZ shares gain as F&P has solid first half

MARKET CLOSE: NZ shares gain as F&P has solid first half
Victoria Young
NZ shares rose as Fisher & Paykel Healthcare gained, cracking $12 billion in market value after lifting first-half profit.  Fisher & Paykel, which raised its annual earnings outlook in October, was up by 1.6 percent to $21.10 after it said first-half earnings were up 24 percent.  Hamilton Hindin Greene advisor Grant Williamson said the result was “strong” although not unexpected.  “That result was pretty much flagged, so not too much of a surprise, which shows in the small price increase we saw today,” he added.   The S&P/NZX50 50 I...

More Markets

Smart CEO Anna Scott resigns
Markets

Smart CEO Anna Scott resigns

Anna Scott will take up her new role on October 1.

Fonterra’s NZ milk collections hit five-year high
Primary Sector

Fonterra’s NZ milk collections hit five-year high

The increased production comes as forecast milk prices point to record levels.

Retailers say unseasonable weather compounded woes
Retail

Retailers say unseasonable weather compounded woes

The Warehouse Group and KMD Brands have both downgraded guidance in recent weeks.