Coronavirus hangs over markets

Coronavirus hangs over markets
Rebecca Howard
The local stock market may follow Wall Street lower amid concerns the coronavirus outbreak may slow China's economy.China put millions of people on lockdown on Thursday in two cities at the epicentre of the outbreak which has killed 18 people and infected more than 630.Most transport in Wuhan, a city of 11 million people, was suspended on Thursday and people were told not to leave. Hours later, neighbouring Huanggang, a city of about seven million people, announced a similar lockdown.In New Zealand, the government triggered its official pandemi...

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NZ sharemarket down slightly
Markets Market close

NZ sharemarket down slightly

The S&P/NZX 50 Index closed at 11,800.78, down 20 points or 0.17%.

Graham Skellern 07 May 2024
IkeGPS wins $4m in US contracts for its 'industry standard' software
Markets

IkeGPS wins $4m in US contracts for its 'industry standard' software

The company is positioning its software as integral to US electrical grid design.

Staff reporters 07 May 2024
'Spectacular': Briscoe's Rod Duke rapt with 1Q sales result
Retail

'Spectacular': Briscoe's Rod Duke rapt with 1Q sales result

Unaudited group sales grew 1.03% amid tough trading conditions.

Gregor Thompson 07 May 2024
ANZ increases cash profit as net interest margins get squeezed
Economy

ANZ increases cash profit as net interest margins get squeezed

ANZ New Zealand has reported a 4% increase in its half-yearly profit despite pressure squeezing its margins.The bank's cash profit increased to $1.15 billion in the six months to March, up from $1.1b in the same period last year, but stable compared to the second half of its...

Riley Kennedy 07 May 2024