MARKET CLOSE: NZ shares gain as F&P has solid first half

MARKET CLOSE: NZ shares gain as F&P has solid first half
Victoria Young
NZ shares rose as Fisher & Paykel Healthcare gained, cracking $12 billion in market value after lifting first-half profit.  Fisher & Paykel, which raised its annual earnings outlook in October, was up by 1.6 percent to $21.10 after it said first-half earnings were up 24 percent.  Hamilton Hindin Greene advisor Grant Williamson said the result was “strong” although not unexpected.  “That result was pretty much flagged, so not too much of a surprise, which shows in the small price increase we saw today,” he added.   The S&P/NZX50 50 I...

More Markets

NZ stocks end flat amid Fletcher-SkyCity legal woes
Markets Market Close

NZ stocks end flat amid Fletcher-SkyCity legal woes

Tesla's 14% drop again highlighted the general state of global market uncertainty.

Jamie Gray 06 Jun 2025
SkyCity claims it is entitled to $330m in damages from Fletcher Building
Markets

SkyCity claims it is entitled to $330m in damages from Fletcher Building

The original delivery date of the International Convention Centre was January 2019. 

Rebecca Howard 06 Jun 2025
The firm bearing the brunt of public sector cutbacks
Markets Small Cap Wrap

The firm bearing the brunt of public sector cutbacks

Plus Being AI, takeover madness, and more.