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

Ebos buys Vital Petfoods assets from receiver
Markets

Ebos buys Vital Petfoods assets from receiver

Distressed assets have been snapped up by the pet food maker.

Denise McNabb 18 Apr 2025
Tourism Holdings and inflation updates drive NZX up
Markets Market close

Tourism Holdings and inflation updates drive NZX up

Tourism Holdings could be one of the most directly impacted shares of the US tariffs.

Tom Raynel 17 Apr 2025
Heartland Bank accountant fined over insider trading
Markets

Heartland Bank accountant fined over insider trading

A former Heartland Bank accountant has been sentenced to six months’ home detention and ordered to pay a fine after pleading guilty on three charges relating to insider trading.Kevin Young, a former treasury accountant with Heartland Bank, purchased Heartland Group Holdings Limit...

Staff reporters 17 Apr 2025
Potential Mainland buyers may soon tap regulators
Primary Sector

Potential Mainland buyers may soon tap regulators

Fonterra's divestment process is gaining traction.

Riley Kennedy 17 Apr 2025