NZ market drags lower as Michael Hill sparkles

NZ market drags lower as Michael Hill sparkles
(Image: Getty)
Ella Somers
While New Zealand’s market was dragged down by international headwinds, retail jeweller Michael Hill bounced up almost 6% today.The S&P/NZX 50 index fell 112.4 points, or 0.9%, to 11,793.33. Turnover was $126.7 million.Michael Hill released its first-half results today and even though the retail jeweller has lost thousands of trading days worldwide since the pandemic, it still reported record revenue.Earnings before interest and tax (Ebit) came to A$54.5m (NZ$59.5m) – up 6% from the previous comparable period.Peter McIntyre, an...

More Markets

Hallenstein stars as NZ stocks drift lower
Markets Market Close

Hallenstein stars as NZ stocks drift lower

The S&P/NZX 50 Index was 42.06 points or 0.32% lower at 13,111.73.

Jamie Gray 26 Sep 2025
Trump to slap new tariffs on pharma
Markets

Trump to slap new tariffs on pharma

Levies on drugs will be imposed on companies that aren’t building plants in the US.

2 Cheap Cars signals branding gear change to chase Turners
Markets

2 Cheap Cars signals branding gear change to chase Turners

At the AGM, a shareholder cited Turners' “very aggressive marketing strategy”.

Gregor Thompson 26 Sep 2025
Hallenstein Glasson reports sales hike to start year
Retail

Hallenstein Glasson reports sales hike to start year

Hallenstein Glasson has reported an early-year sales lift linked to continued growth in its Australian Glassons segment.The clothing retailer reported its full-year earnings for the year to Aug 1 on Friday. Net profit after tax lifted 12.1% to $58.4 million and was at the top end...

Gregor Thompson 26 Sep 2025