Investors switch focus from earnings to macro environment

Investors switch focus from earnings to macro environment
The S&P/NZX 50 index edged down by 32.1 points, or 0.3%, to 11,868.79. Turnover was $91.2 million. (Image: Depositphotos)
Ella Somers
The local index was mostly flat as it went into the weekend, with earnings season pretty much over and investors now turning their gaze to the wider macro conditions.The S&P/NZX 50 index edged down by 32.1 points, or 0.3%, to 11,868.79. Turnover was $91.2 million.Devon Funds head of retail Greg Smith said some of the stand-out companies from the latest earnings season had been Auckland International Airport, A2 Milk, SkyCity and some of the electricity gentailers.Gentailers had revealed some of the more interesting results out of this earni...

More Markets

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.

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...

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.

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...