MARKET OPEN: Sideways moves as markets await covid-19 announcement

MARKET OPEN: Sideways moves as markets await covid-19 announcement
Rebecca Howard
Markets will trade sideways as investors wait to see if the government eases the current covid-19 restrictions. Prime Minister Jacinda Ardern is due to make an announcement today about whether restrictions will be lifted in Auckland and the rest of the country from 11:59pm on Wednesday. The entire country is currently at level 2, with additional restrictions in Auckland. Several thousand people rallied in Auckland's Aotea Square on Saturday in a protest against the government's use of covid-19 restrictions, according to Radio New Zealand....

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NZ sharemarket falls 1%
Markets Market close

NZ sharemarket falls 1%

The S&P/NZX 50 Index closed at 11,804.84, down 111.94 points or 0.94%.

Graham Skellern 16 Apr 2024
Fletcher subsidiary Easysteel looks to cut jobs
Markets

Fletcher subsidiary Easysteel looks to cut jobs

Workers left 'stunned' by company's restructuring proposal, First Union says.

Gregor Thompson 16 Apr 2024
Scott Tech revenue up but profit down
Markets

Scott Tech revenue up but profit down

Scott Technology’s profit fell 42% on one-off costs in the half year to Feb 29 2024, but revenue is up 11% to $141 million on the back of a company refocus.Scott specialises in automated and robotic manufacturing processes. It attributed its revenue growth to its Scott 2027 strat...

Staff reporters 16 Apr 2024
NZX in for a tongue-lashing at AGM
Markets

NZX in for a tongue-lashing at AGM

A proposed 38% increase in the pool for directors' fees is not universally applauded.

Pattrick Smellie 16 Apr 2024