MARKET CLOSE: NZ shares rise as Fletcher remains in MSCI index

Victoria Young
Fri, 08 Nov 2019

New Zealand shares gained as Fletcher Building and Mercury NZ rose on the back of their inclusion in the MSCI New Zealand Index.  The S&P/NZX50 50 Index rose by 81.92 points, or 0.8 percent, to 10876.98. Within the index, 24 stocks rose, 20 fell, and six were unchanged. Turnover was $216.5 million “It's been a risk-on day with international markets being strong,” said Peter McIntyre, an investment adviser at Craigs Investment Partners. The Dow Jones Industrial Average rose 0.6 percent to 27,674.80 and other international markets followed...
Coronavirus
Southern Cross Travel to shed 45 jobs
Brent Melville | Tue, 02 Jun 2020

Southern Cross Travel Insurance plans to cut half of its remaining workforce in the wake of limited travel under covid-19 restrictions, although the rest of the group remains unscathed. The company...

Markets
MARKET CLOSE: NZ shares soar as investors get FOMO
Dan Brunskill | Tue, 02 Jun 2020

New Zealand shares rose as investors found confidence in the Prime Minister bringing forward a decision about the move to alert level 1. Tourism Holdings and Gentrack led the market higher with double...

Property
Metlifecare seeks shareholder support for action against ex-suitor, EQT
Paul McBeth | Tue, 02 Jun 2020

Metlifecare will seek shareholder support to pursue litigation against its former suitor after the High Court rejected an application that would have preserved a shareholder vote on the teetering $1.5...

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Telcos in lockdown, and beyond

Geoff Thorn, CEO, NZ Telecommunications Forum says modern connectivity was a major benefit during lockdown, so it’s important to ensure long term sustainability of the networks