MARKET OPEN: Company earnings front and centre

MARKET OPEN: Company earnings front and centre
Rebecca Howard
Domestic company earnings reports will take centre stage today but ongoing concerns about the US economic recovery will cap enthusiasm. With Meridian Energy, Metlifecare, Spark New Zealand and Scales reporting, investors will have plenty to digest. The main focus will remain on any forward-looking commentary as companies grapple with the economic impact of covid-19. Investors will also be keeping a close eye on the NZX after an internet connectivity issue halted trading and the international cyber attack that took down the New Zealand sto...

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Volatile stocks drive NZ sharemarket down nearly 0.5%
Markets Market Close

Volatile stocks drive NZ sharemarket down nearly 0.5%

The S&P/NZX 50 Index closed at 12.844.59, declining 60.45 points or 0.47%.

Graham Skellern 05 Feb 2025
Lyttelton Port result improves but CEO says it's not enough
Infrastructure

Lyttelton Port result improves but CEO says it's not enough

The CEO says Lyttelton Port does not generate sufficient returns on its capital base. 

Rebecca Howard 05 Feb 2025
Sky CFO Ciara McGuigan resigns in surprise departure
Markets

Sky CFO Ciara McGuigan resigns in surprise departure

Embattled broadcaster Sky TV is losing its chief financial officer with immediate effect.The pay-TV operator, facing a barrage of customer anger over poor satellite reception in recent weeks, announced the resignation of Ciara McGuigan on Wednesday.Her departure, effective immedi...

Staff reporters 05 Feb 2025
Ex-contractors reveal Harvey Norman business model pressures
Retail Exclusive

Ex-contractors reveal Harvey Norman business model pressures

The promise of big money can require extreme flexibility from ‘proprietors’.

Gregor Thompson 05 Feb 2025