MARKET OPEN: Wall Street rally may help local sentiment

MARKET OPEN: Wall Street rally may help local sentiment
Rebecca Howard
The local stock market may recoup some of yesterday’s losses after Wall Street turned positive despite ongoing worries about the rising number of covid-19 cases. The benchmark S&P/NZX 50 Index fell 1.2 percent yesterday. US stocks were helped when US banking regulators eased two rules covering large banks. According to CNBC, Federal Deposit Insurance Commission officials said the move will allow banks to more easily make large investments into venture capital and similar funds. The banks will also be able to avoid setting aside cash...

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NZ stocks end firmly as outlook brightens
Markets Market Close

NZ stocks end firmly as outlook brightens

Improved, post-results season sentiment drove NZ stocks higher.

Jamie Gray 28 Nov 2025
The Warehouse Albany and Silverdale could be first in line for store revamp
Retail

The Warehouse Albany and Silverdale could be first in line for store revamp

The Warehouse’s Albany and Silverdale stores could be first in line to undergo an interior revamp, according to chief executive Mark Stirton, who gave an update to shareholders at the company’s annual meeting on Friday.The meeting covered everything from the company’s 2025 financ...

Staff reporters 28 Nov 2025
Westpac cops $3.64m penalty for lender responsibility breaches
Finance

Westpac cops $3.64m penalty for lender responsibility breaches

Credit Contracts and Consumer Finance Act in focus again.

Andy Macdonald 28 Nov 2025
New Talisman in trading halt
Markets

New Talisman in trading halt

New Talisman Gold Mines has been placed in a trading halt because of its financial position.The mining company requested the halt, saying the board must meet “to consider the company’s current financial position and its strategic path forward”.“The board cannot reach a conclusion...

Ian Llewellyn 28 Nov 2025