CORRECT: MARKET CLOSE: NZ shares fall as A2 hits 7-month low; Spark still defies naysayers

CORRECT: MARKET CLOSE: NZ shares fall as A2 hits 7-month low; Spark still defies naysayers
(Fixes NZX50 level in 2nd paragraph, Z price in 16th paragraph) By Victoria Young Sept. 24 (BusinessDesk) - New Zealand shares fell, as a seven-month low for A2 Milk outweighed the revival in appetite among investors for high-yielding stocks such as Meridian Energy and Chorus.  The S&P/NZX 50 Index fell 14.62 points, or 0.1 percent, to 10,858.71. Within the index, 21 stocks fell, 26 rose and three were unchanged. Turnover was $102.1 million with four stocks trading on volumes of more than a million shares.  A2 led the market lower,...

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NZ sharemarket falls over 1%
Markets Market Close

NZ sharemarket falls over 1%

The S&P/NZX 50 Index closed at 156.22 points, or down 1.16%.

Graham Skellern 18 Nov 2025
1,200 Air NZ flight attendants vote to take strike action
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1,200 Air NZ flight attendants vote to take strike action

About 1,200 Air New Zealand cabin crew have voted to take strike action, the union says.The union said those who voted for strike action worked across international, domestic and regional routes and had been trying for months to get better pay and rosters.Michael Wood, director o...

Staff reporters 18 Nov 2025
Sanford profit surges 224% as debt falls and aquaculture lifts earnings
Markets

Sanford profit surges 224% as debt falls and aquaculture lifts earnings

Better cash flow and lower debt helped drive seafood company Sanford’s net profit up by 223.8% to $63.7 million in the September year.Revenue was steady at $584.1m, and Sanford’s earnings before interest and tax came to $102.1m, up 88%.Managing director David Mair said it was an...

Staff reporters 18 Nov 2025
Serko swells in India, GetThere adds $8.8m revenue
Markets

Serko swells in India, GetThere adds $8.8m revenue

CEO says result is strongest ever as shares soar more than 8% in early trading.