November kicks off on down note

November kicks off on down note
Rebecca Howard
A bleak picture for tech stocks coupled with US-election jitters will cast a pall over the domestic market today, with PushPay, Vista Group and Eroad looking particularly vulnerable.The Nasdaq Composite shed 2.5 percent in the US on Friday as Twitter fell 21 percent on its slowest user growth in years. Apple fell 5.6 percent on disappointing quarterly iPhone sales and Facebook, Amazon.com, Tesla and Netflix were all down more than 5 percent.The Dow Jones Industrial Average shed 0.6 percent while the S&P500 ended down 1.2 percent.US election...

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ForBarr sticks to underperform on The Warehouse Group
Retail

ForBarr sticks to underperform on The Warehouse Group

Analysts say they need to see tangible improvement.

NZ sharemarket falls over 1%
Markets Market Close

NZ sharemarket falls over 1%

The S&P/NZX 50 Index closed at 156.22 points, or down 1.16%.

Graham Skellern 18 Nov 2025
1,200 Air NZ flight attendants vote to take strike action
Markets

1,200 Air NZ flight attendants vote to take strike action

About 1,200 Air New Zealand cabin crew have voted to take strike action, the union says.The union said those who voted for strike action worked across international, domestic and regional routes and had been trying for months to get better pay and rosters.Michael Wood, director o...

Staff reporters 18 Nov 2025
Sanford profit surges 224% as debt falls and aquaculture lifts earnings
Markets

Sanford profit surges 224% as debt falls and aquaculture lifts earnings

Better cash flow and lower debt helped drive seafood company Sanford’s net profit up by 223.8% to $63.7 million in the September year.Revenue was steady at $584.1m, and Sanford’s earnings before interest and tax came to $102.1m, up 88%.Managing director David Mair said it was an...

Staff reporters 18 Nov 2025