Auckland International Airport shares stumble, all eyes on Fed

Auckland International Airport shares stumble, all eyes on Fed
Auckland International Airport shares didn't have a great day. (Image: Getty)
Ella Somers
Auckland International Airport shares fell more than 3% today and almost pulled New Zealand’s sharemarket lower on the news that the airport was trimming its dividend policy.But even though Auckland International Airport (AIA) and other index heavyweights, like Ebos Group and Fisher & Paykel Healthcare, ended the day lower, the S&P/NZX 50 Index rose 25.8 points, or 0.2%, to 11,678.620. Turnover on the entire market was $180.3 million.AIA changed its dividend policy to paying between 70% and 90% of underlying profit, having previou...

More Markets

NZ sharemarket closes the week flat
Markets Market close

NZ sharemarket closes the week flat

The S&P/NZX50 Index recovered admirably from its intraday low.

Graham Skellern 08 Dec 2023
SkyCity downgrades guidance
Markets

SkyCity downgrades guidance

Casino operator downgrades guidance as cost of living pressures continue.

John Anthony 08 Dec 2023
Why Malcolm Johns chose Genesis for his next job
Markets

Why Malcolm Johns chose Genesis for his next job

Energy CEO says the first steps towards change are the hardest.

Staff reporters 08 Dec 2023
Fonterra fattens margins when its farmers are getting squeezed
Finance

Fonterra fattens margins when its farmers are getting squeezed

The co-op released its quarter one results on Thursday.

Riley Kennedy 08 Dec 2023