MARKET OPEN: Investors continue to focus on the positive

MARKET OPEN: Investors continue to focus on the positive
Rebecca Howard
The local share market may get a lift after strong retail sales in the US and positive trial results from a covid-19 treatment boosted risk appetite there. Data released by the Commerce Department showed retail sales jumped by a record 17.7 percent in May, higher than the 8 percent tipped by analysts. Trial results showed dexamethasone reduced death rates by about one-third among the most severely ill covid-19 patients, according to Reuters. The Dow Jones Industrial Average was up 2 percent at 8am in Wellington, the Nasdaq had lifted 1.8...

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NZ sharemarket ends week down 0.8%
Markets Market Close

NZ sharemarket ends week down 0.8%

The S&P/NZX 50 Index closed at 13,024.7, down 35.38 points or 0.27%.

Graham Skellern 24 Jan 2025
Being AI vs Clare Capital: $150k settlement reached
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Being AI vs Clare Capital: $150k settlement reached

Being AI filed defamation proceedings against Clare Capital and its directors in April.

John Anthony 24 Jan 2025
Akaroa King Salmon boss steps down after 23 years
Primary Sector

Akaroa King Salmon boss steps down after 23 years

Scotsman Stewart Hawthorn takes over from Duncan Bates as Akaroa King Salmon CEO.

John Anthony 24 Jan 2025
Blair Turnbull named CEO of Milford Asset Management
Markets

Blair Turnbull named CEO of Milford Asset Management

Blair Turnbull is set to take the helm as chief executive of Milford Asset Management from March 12.Turnbull, currently CEO of Tower, replaces Mark Ryland. “As we welcome Blair to Milford, we extend our appreciation to Mark Ryland, who will step down as CEO on Blair’s commencemen...

Staff reporters 24 Jan 2025